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Annual Report
Annual Report of the Trustees and
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Year ended 30th April 2022 1 ## **Contents** ## **Annual Report of the Trustees** |**Annual Report of the Trustees**|| |---|---| |Who we are, our vision and mission|4| |Message from our Chair of Trustees|6| |Message from our CEO and Founder|7| |Supporting families|8| |Improving the hospital experience|14| |Community engagement|16| |Marketing and communications|16| |Funding our services|18| |Structure, governance and management|20| |Looking forward|24| |Statement of Trustees’ responsibilities|25| |**Financial Statements**|| |Independent Auditor’s Report|27| |Statement of Financial Activities|30| |Balance Sheet|31| |Statement of cash fows|32| |Notes to the Financial Statements|33| |Detailed Statement of Financial Activities|39| |Reference and administrative details|41| 2 Momentum Children’s Charity annual report **Helping families of seriously ill children to keep moving forward** Year ended 30th April 2022 3 ## **Report of the Trustees For the Year Ended 30th April 2022** **The Trustees present their report and the unaudited Financial Statements of the charity for the year ended 30th April 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.** The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply 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 published on 16th July 2014 (as amended by Update Bulletin 1 published on 2nd February 2016). Momentum Children’s Charity is a registered charity constituted by a Deed of Trust. Our aims and objectives are regularly reviewed by the Trustees, in line with the Charity Commission’s general guidance on public benefit. In particular, the Trustees consider how the charity’s planned activities will contribute to these agreed aims and objectives. ## **Why families need our support** The impact of a diagnosis of cancer or a life-challenging condition is devastating for children, young people and their families. ## **About us** We work in partnership with local hospitals who refer families to us following a child’s diagnosis. Through our Family Support Workers, we’re able to offer them personally tailored support both in hospital and at home. Our support services include counselling and a range of creative therapy services - such as play, art and music - as well as special experiences and respite breaks to ease some of the stresses that come with a gruelling treatment plan. If the unthinkable happens, and a child dies, we offer bereavement support and stand by families for as long as they need us. We also improve the environment for children treated in hospital with children’s ward refurbishments, transforming bare, clinical areas into bright, child-friendly spaces. ## **Our hospital partnerships** As a partner of the NHS, the families we support are referred to us from one of nine hospitals. We also work with our partner hospitals to transform children’s wards into bright, child-friendly spaces (see p14): - East Surrey Hospital Research suggests that helping families to cope with these stressful experiences should be a priority during treatment; yet, strained for time and resources, support provided on the NHS can often be inadequate. The valuable support we provide helps to fill a much-needed gap. ## **Our vision** Our vision is to ensure that no family whose child has cancer or a life-challenging condition has to cope alone. - Epsom Hospital - Kingston Hospital - Royal Alexandra Children’s Hospital (Brighton) - Royal Surrey County Hospital (Guildford) - St George’s Hospital (London) - St Peter’s Hospital (Chertsey) - St Richard’s Hospital (Chichester) - Worthing Hospital With weekly visits to The Royal Marsden. ## **Our mission** We’re dedicated to helping families of seriously ill children across London, Surrey and Sussex, so they can keep moving forward through the hardest of days. 4 Momentum Children’s Charity annual report ## **Our areas of operation** We work across London, Surrey and Sussex covering the following areas: ## **London boroughs** - Croydon - Hounslow - Kingston upon Thames - Lambeth - Merton - Richmond - Sutton - Wandsworth ## **Outside London local authorities** - Crawley - Elmbridge - Epsom and Ewell - Guildford - Horsham - Reigate and Banstead - Runnymede - Spelthorne - Surrey Heath ## **Sussex boroughs** - Woking - Chichester - Bognor Regis - Petworth and Pulborough - Arundel and Littlehampton - Worthing - Adur Valley - Brighton and Hove - Mid Sussex ## **Our beneficiaries** We support children aged 0 to 18 years. However, if a teenager is referred to us aged 18 years old and is going to be undergoing several years of treatment, we will continue to support them and their family for as long as they are being treated as a paediatric patient in our partner hospitals. In addition, we support the entire family, including parents, siblings and even grandparents. Families are referred to us from one of our partner hospitals although we occasionally have referrals from other hospitals in the area such as The Royal Marsden, Croydon and West Middlesex. 80% of the families we support have a child who is undergoing treatment for cancer. A further 20% have a child with a life-challenging condition, which include a range of illnesses such as epilepsy and diabetes. **----- Start of picture text -----**
20%
80%
Children with cancer
Children with a life-challenging condition
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We do not select which families we support based on any socio-economic criteria. Families are offered appropriate support services depending on their emotional and practical needs. Year ended 30th April 2022 5 ## **Message from our Chair of Trustees** **As we close our financial year for 2022, it’s incredibly uplifting to see how far the charity has bounced back following the impact of the coronavirus pandemic. With restrictions lifted, we’ve been able to resume our support services back to pre-covid levels with our Family Support Team returning to children’s wards, our respite breaks reopened and therapy services being offered both online and in the home once again. All of which meant that we were able to support a total of 373 families through the toughest of days.** With the doors to our hospital partners reopening, we were also able to complete five refurbishment projects across isolation rooms, en suites and a playroom, as well as transforming the children’s outpatients department at Kingston Hospital, where the charity first began in 2004. It’s amazing how the charity has grown over the past 18 years, and how it continues to grow, despite the pandemic, thanks to our generous supporters and wonderful Momentum team. One of our most significant achievements in the past year has been forging a partnership with University Hospitals Sussex NHS Foundation Trust. A collaboration which sees us expanding into brand new regions across Sussex and one that will mean we can support more families across three new hospitals; Royal Alexandra Children’s Hospital in Brighton, St Richard’s Hospital in Chichester and Worthing Hospital. This is in line with our 2020-2023 strategy to expand our reach, and is testament to our mission of making sure that no family with a seriously ill child has to cope alone. Another huge achievement for us was hitting an incredible £1million income milestone this past financial year. Thanks to a year of brilliant fundraising, loyal support from our corporate and community partners and a hugely successful Energy Rocks event, we reached the £1million mark for the very first time. I’m humbled by the generosity of those who have donated or raised funds for us over the past year to make hitting that milestone achievable. Thank you. With our ambition to support a quarter more children and families through 22/23, these are funds that are already being allocated so that we can meet the growing number of families in need and expand our range of services to provide dedicated care to those requiring the highest level of support. We will continue our commitment of being there for our families, no matter what, and help them to keep moving forward. Hilary Paxman Chair of Trustees 6 Momentum Children’s Charity annual report ## **Message from our CEO and Founder** **When we were in the midst of the pandemic, with restrictions severing not only our ability to physically be there for the families we support, but also our ability to raise vital funds, I recall sitting around my kitchen table with members of our senior team asking “How are we going to survive this?”. It took me back to 2004 when I sat around a similar kitchen table with two women who I then founded the charity with saying “How are we going to do this?”. The answer in both cases, it turns out, is through the unwavering generosity of loyal supporters and through the passion and tenacity of my dedicated team.** In the last 12 months not only have we hit a fundraising milestone that I simply didn’t think would have been possible just a year ago, but we also managed to support 260 families whose children were in active treatment and a further 113 bereaved families, a level of care I could only have dreamed of back at that table all those years ago. For both things I am warmed by the knowledge that it has all been made possible through the support of so many others who have shared in our vision and what we are trying to achieve; a vision which has meant we’ve been able to help thousands of seriously ill children and their families, and one that means we’re still here today to keep helping them to move forward. This year saw a lot of new starts for us; we launched a new website and branding thanks to a generous grant, welcomed new team members, forged new hospital partnerships and opened a new office space in East Molesey. After months of working remotely it’s been so wonderful to have the team all together again, as well as being able to invite our families, volunteers and supporters into what we hope is a friendly and welcoming space. Our new NHS Foundation Trust partnership is a big step forward for the charity, helping us to support even more families across Sussex through our range of support services and, where needed, our hospital refurbishments. It was wonderful to see our first project completed in Worthing Hospital recently and we look forward to working closely with Royal Alexandra Children’s Hospital, St Richard’s and Worthing, as well as all of our other partner hospitals, to see how we can best support them and the families under their care. With all this new-ness, it’s important for me to say that who we are at our core remains the same. That we are here, whatever the outcome, for as long as we are needed so that no family with a seriously ill child has to cope alone. I’m so grateful to my brilliant team for a year that saw us deliver 193 hours of oneto-one Family Support each week, and to all those who have donated and fundraised for us this past year helping us to reach the £1million mark. What an incredible year and here’s to a future of supporting even more families. Bianca Effemey Founder CEO Year ended 30th April 2022 7 ## **Supporting families** ## **Personalised family support** Our bespoke family support programme begins from the moment a child is referred to us by one of our partner hospitals. As every family is different, we discuss their individual needs and how best we can support them. Our Family Support Workers each have an allocated caseload of families, providing direct practical and emotional support through regular visits, phone calls and group activities. In 2021/22 our team of Family Support Workers delivered 193 hours of one-to-one support to families every week. Overall, we supported 260 families with a child in active treatment (up 8% on 2020/21). Whilst, fortunately, most children have a good prognosis, there are some who tragically do not survive and our support services continue for the whole family after their child’s death. In 2021/22 our Momentum Echoes arm of the charity supported 113 bereaved families helping to support with funeral arrangements, sending remembrance gifts, arranging special events and providing access to specialist therapy services. 8 Momentum Children’s Charity annual report **----- Start of picture text -----**
95% 91%
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96%
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94% 92%
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**Seeing a friendly (non-medical) face when your world has been turned upside down is priceless. Seeing that familiar face crop up with a smile and a positive attitude or a distraction for your child is such a huge comfort.** **Friends and family can’t always understand how to support through such a dreadful experience, so a confident and caring Family Support Worker is so, so valuable.** **----- Start of picture text -----**
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## **Supporting families** ## **One-to-one therapies** When a child is diagnosed, they can often struggle to deal with the emotional and physical changes they suddenly face. Our range of one-to-one support services are there to help improve the emotional and mental wellbeing of the child, as well as their siblings and parents, so they are better armed with coping stratgies for the challenges they may face. We offer a range of creative therapies and wellness activities including art, music and play therapy, and we also offer educational support (if needed) for younger children and siblings. In addition to this, we provide counselling or psychotherapy sessions for older children, siblings and parents. In 2021/22, we delivered 693 sessions to families in need whose children were in active treatment helping to improve their overall wellbeing. ~~**while, not a nurse**~~ ## **Respite breaks** Our three holiday homes and Thames riverboat trips give families the chance to spend precious time together away from the stresses of hospital visits and treatment. With the restrictions of the pandemic lifting this year, we were pleased to be able to give more families access to these vital and much-loved services. Year ended 30th April 2022 11 ## **George’s story** **George, three, was diagnosed with leukaemia in May 2021. His mum shares their story:** “When George was sent for blood tests after having a few concerns about his health we had no idea we’d be receiving such devastating news. It was incredibly scary. His first ever night in St Peter’s hospital was spent in the room which features the Momentum owls. George was prodded and poked, so on day two as we left to go to St George’s, his hands were both heavily bandaged from blood tests and transfusions. Despite this, he still had a huge smile on his face, as he’s a huge fan of vehicles and a ride in a real life ambulance was a very exciting prospect for him. We were introduced to Momentum within those first few days, and through every part of this journey so far I’ve felt propped up, particularly by my Family Support Worker who has been a rock through some very challenging times. She is just wonderful. It has been beyond challenging to get through the last six months. There have been times when our son has been barely recognisable, less so physically but more so in himself. The side effects of the long list of drugs which he’s been given are way beyond anything I could have ever imagined. I remember breaking down one day and I knew I couldn’t cope on my own. Our Family Support Worker calls me regularly to check in and it all means so much. All this time she has been there to offer advice, help to arrange counselling, and provide practical support at home. So many of our hospital stays have been brightened up by the beautiful rooms Momentum has decorated. The bold colours are wonderful and make the rooms feel much more child friendly. I have spent a lot of time looking at the designs on the walls and one of my favourites features young children playing together, happy and having fun. Essentially that is what every child wants to do – have fun with their peers.” **I have called our Family Support Worker in tears and she’s given me her undivided attention at the drop of a hat. She has sat with me through day visits while George has had treatment and helped me cope with my emotions while protecting George from seeing me upset.** 12 Momentum Children’s Charity annual report ## **Special experiences** Treatment plans can be gruelling for the whole family. We aim to ease the families’ stress and strain by providing a wide range of trips, experiences and magical moments, both in and out of hospital. Our goal is to bring a smile to every child’s face, despite the difficulties they are experiencing. Thanks to our unique, personal support, we pride ourselves on knowing every child and every family so we can offer bespoke experiences that we know will make a real difference. In 2021/22 amongst other things, we were thrilled to bring our doorstep Santa back, delighting 113 children with some special Christmas magic. We also ran supportive candle making sessions for our Echoes families, sent out advent calendars for 420 children and their siblings, hosted a magical Fairy House visit and ran a family fun day at Bocketts Farm Park for 27 adults and 34 children. Year ended 30th April 2022 13 ## **Improving the hospital experience** ## **Being admitted to hospital is very traumatic for children and their families. Research shows that the environment in which children are treated makes a huge difference to their experience in hospital, and can even have an impact on how well they respond to treatment.** We’re committed to improving the overall experience for children, and their families, who are being treated for cancer or a life-challenging condition. One of the ways that we do this is through our paediatric refurbishments, where we work closely with our partner hospitals to identify key areas which are in need of some Momentum magic; transforming often bare and clinical spaces to bright, welcoming and child-friendly ones. ## **Kingston Hospital** - Refurbishment of Children’s Outpatient Department. ## **Epsom Hospital** - Refurbishment of paediatric treatment room and en suite. ## **Royal Surrey County Hospital** - Refurbishment of treatment room. Whilst the NHS provides an excellent medical service, their restricted budgets often don’t extend to these types of projects or in-hospital experiences, and that is where we can step in and make an enormous difference for patients, visitors and staff. ## **Worthing Hospital** - Refurbishment of isolation room. Through 2021/22 we were extremely pleased to have been able to complete five key projects which have already begun making a difference to young patients visiting or staying there. The refurbishments were: 14 Momentum Children’s Charity annual report ## **Hospital visits and special experiences** **As a key partner to the NHS, our** In addition to our hospital projects, there are **children’s ward refurbishments,** many ways we work with our NHS partners **in-hospital services and patient** to try and make the hospital experience less frightening and isolating for seriously ill **support have wide-reaching** children. **benefits, not only for the families** **we support but to NHS staff too.** In 2021/22 our Family Support Team were **The following feedback from across** welcomed back onto paediatric wards **our partner hospitals demonstrates** after visits were restricted at the height of **just how our presence makes a** the pandemic. Being able to return to our **difference to their work.** regular ward activity meant we could help families by being a friendly and reassuring presence at their child’s bedside, and it also freed up precious time for the clinical teams. In addition to this, we were also able to bring our character visits, music sessions and massage therapist back onto the ward. These special visitors help to break up long days, alleviate stress, lift moods and allow children to laugh and play as children should. **Momentum Family Support Workers enhance the level of support available for families. They free up the nursing staff to concentrate on clinical duties, providing the families with a listening ear...The paediatric team are so grateful for this additional support which has greatly enhanced the care experience for children. Momentum have also organised other support services on the ward, such as character visits and massages from a therapist. Being in hospital for any person, especially a child, is very scary but these little distractions can often make them feel so much more relaxed.** CEO, Royal Surrey NHS Foundation Trust Year ended 30th April 2022 15 ## **Community engagement** ## **Marketing and communications** **We have over 100 volunteers who support us in many different ways, from raising awareness and funds, to providing office administration and helping to deliver our support services. We are committed to engaging with these fantastic helpers and thanking them for their efforts.** **The aim of our marketing and communication activities in 2021/22 was to continue raising awareness of our charity; engaging and inspiring individuals, companies, schools and organisations in the local community to support our work and help raise our profile across the board.** This year our volunteers worked closely with us on some really spectacular things: - Helping as deckhands and skippers on our Thames riverboat and helping bring to life some wonderful themed trips for Mother’s Day, Father’s Day, Easter, Halloween and Christmas. - 125 personalised hand-painted pebbles for our supported children to keep with them throughout their treatment journey and beyond. - Donning Santa and elf suits and delivering special treats to the doorsteps of families, helping to put a smile on many faces who might not have been able to get to a grotto. - • Helping at fantastic fundraisers like our annual Valentine’s balloon stall and One Great Day at The Bentall Centre. A particular highlight this year which saw our volunteers, families, supporters and long term charity advocates The Brothers Trust come together, was the launch of a bespoke golden hoody for Childhood Cancer Awareness Month, with all proceeds going to support our work. The hoody was created by The Brothers Trust solely for Momentum Children’s Charity, with volunteers from some of the families we support, as well as in the community, helping with the packing and distributing of orders. Altogether over £40,000 was raised and Tom Holland even managed to surprise one lucky family with a special home visit. We also moved into a new office and, with the help of local printers FastSigns, created some wonderful window branding so that those in the area and walking by can easily see who we are and what we do, directly improving awareness and bringing supporters through our doors. **----- Start of picture text -----**
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## **Jo and Judy’s story** **Jo and Judy have both been volunteering for Momentum Children’s Charity for the past six years, making a hugely positive impact on the charity and the families we support.** For Judy, choosing to volunteer for Momentum came from a desire to give something back to the charity who had supported her own daughter through a cancer diagnosis back in 2005. For Jo, a decision to climb Mount Kilimanjaro and a serendipitous talk at her WI group about the charity, led her to doing some mountainous fundraising for us and then to volunteering too. For both ladies, the decision to volunteer for Momentum meant that their paths crossed and, ultimately, a firm friendship was formed. As Judy recalls “I met Jo at the first event I volunteered at, a Superheroes Fun Run. We hit it off straight away and found that we had lots in common. Since then, we’ve worked on various Momentum projects together and we always have great fun.” Jo agrees “We soon realised that we had very similar interests and had both recently retired with a bit more time on our hands. Not long after that we went to a dragon boat event in which Momentum were participating and were then asked to be involved in their Moments on the River boat. We spent a lot of time together getting the boat ready for families and without each other it wouldn’t have been nearly as much fun. Now, as well as being deckhands, we tend to volunteer for the same events and we make a great team.” Momentum Children’s Charity has volunteering roles in all shapes and sizes “Each time I volunteer is a highlight, as I know it’s bringing joy to a family. I love meeting and talking to families on boat trips and being the hostess. I’ve enjoyed dressing up as Mo the Owl and taking part in the Mascot dash for the Landmarks half marathon!! I’ve met Basil Brush and helped fill Santa sacks for the special doorstep Santa service delivering delight to very sick children and their siblings.” It’s clear that Jo and Judy have found a lasting friendship through volunteering for us and that volunteering itself is something they’re both very passionate about. Jo and Judy both agree that the benefits of volunteering have been ten-fold. “After leaving the police I felt at a loss and without a purpose, volunteering really made me feel like I was doing something very worthwhile and special. I love what the charity does for families, and I feel my help can free up time for the staff to carry out their roles which makes such a difference to so many.” **Seeing the look on children’s faces when they arrive at the boat and when a parent or child gives you a big hug at the end of the trip, helps you realise what a difference just a short escape on the river can make for every single member of the family. It’s all so worthwhile.** Year ended 30th April 2022 17 ## **Funding our services** **2021/22 thankfully saw the return of challenge events to our fundraising stream. It was also a year where we ended on a high by raising over £1million for the first time in our history. We would like to express our huge thanks to every company, community group, event participant, individual, Trust and Foundation who helped make this possible.** We receive no government or statutory funding so rely entirely on these voluntary donations to fund our services. This year we have been truly humbled by the continued dedication and kindness of our supporters. With the help of our corporate partner Claritas, we were thrilled to complete a bedroom makeover for a young girl we support, a transformation that was priceless for her and her family. ## **Where our money came from:** **----- Start of picture text -----**
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Through generous donations, beneficiary events, payroll giving and numerous employee fundraising activities during the year, collectively our corporate partners raised £205,520. **Individuals - 9%** **Community and schools - 9% Corporate - 18% Special Events - 22% Challenge events - 10% Trusts and Foundations - 31% Other - 1%** ## **Corporate Fundraising** In 2021/22 we continued our successful Charity of the Year partnerships with Berkeley St Edward, Bayley & Sage and Manulife Investment Management, and formed a number of new partnerships including Wilmott Dixon, RSM Guildford, HSBC, AMETEK, KRS Associates and Valero Energy. After a successful first year of support, Jupiter Asset Management confirmed a second year of partnership. ## **Trusts and Foundations** We were grateful for the support from Trusts and Foundations this year, including St Faith’s Trust, The Brothers Trust, Community Foundation for Surrey, Sussex Community Foundation, Zurich Community Trust, The Taylor Family Foundation, HSBC Foundation, B&Q Foundation, The Story of Christmas and The Will Charitable Trust. Grants, which totalled £357,025 allowed us to carry out projects and activities this year as well as enabling funds to be in place for our future plans. ## **Challenge Events** We were also so happy to see the return of challenge events and we’re incredibly grateful to everyone who took on a challenge to help raise vital funds. Particular highlights were The Thames Path Challenge where one of our supported mums raised a phenomenal £22,000, our first ever foray at Hyde Park’s Swim Serpentine and of course the iconic London Marathon where 11 TeamMo runners raised just under £40,000. 18 Momentum Children’s Charity annual report ## **Community** It’s been a wonderful year for community fundraising with some fantastic events that not only raised vital funds, but also enabled us to integrate ourselves into our local community. From our charity partnerships with Bentall Centre and The Heart Shopping Centre, to being chosen as the nominated charity for East Molesey’s Winter Wander. We’re incredibly thankful to local schools and organisations in the community who continued to support us any Every donation we receive is important, from the pennies through to the thousands, and we were thankful to every single individual who chose to donate, fundraised in memory of a loved one, or signed up to give a regular donation. way they could. From Cafe Bridge, to local authors, raffle prize donations to quiz nights and much more, our community and schools pulled together to raise a net surplus of £90,000. ## **Special events** This year saw us finally able to hold our postponed Energy Rocks event at Roundhouse Camden. The night was a huge success, raising over £90,000 and led us to our milestone moment of reaching the £1million mark. ## **Individuals** In 2021/22 we ran another successful Big Give Christmas Challenge, which was met with an overwhelming response and meant we were able to raise over £33,000 to go towards hospital refurbishment projects. Overall individual donations amounted to a brilliant £97,074. Year ended 30th April 2022 19 ## **Structure, governance and management** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **Trustees** The charity’s Trustees are not remunerated but their expenses are reimbursed in accordance with Momentum’s expenses policy. Trustees are recruited through an open selection process and receive an induction on appointment. - Hilary Paxman (Chair) - Graham Smith (Treasurer) - Christian Butter ## **Staff and volunteers** Our team shares a huge passion for the work we do, and as we are a small organisation every team member sees first-hand the difference we make to families. At the year end, we have 20 employees and six consultants. This equates to eight full-time equivalent staff (FTE) in family support roles, four FTE in fundraising and marketing roles, and two FTE in operational roles. We also have around 100 regular volunteers from the local community who support us in a range of roles including service delivery, office work and raising awareness - Mario Bodini - James Conway - Kieron Lynch - Vanessa Walters - Victor De Cruz - Alistair Wood ## **Risk management** The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. **----- Start of picture text -----**
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## **Financial policy** The charity has a written financial policy that sets out the procedures for the day-to-day management of the charity’s finances. This is reviewed annually. ## **Safeguarding** The charity is fully committed to safeguarding and promoting the welfare of all children. We have a comprehensive safeguarding policy which outlines these responsibilities and those of the Designated Safeguarding Lead (DSL). It also outlines the procedures to be taken when a child may be identified to be at risk of harm, or may require additional support to ensure they reach their potential. The policy is reviewed and updated annually. ## **Diversity and Inclusion** We actively support diversity and inclusion and ensure that all our employees are valued and treated with dignity and respect. Our formal Equality, Diversity and Inclusion Policy is implemented in accordance with the appropriate statutory requirements and ensures that no service user, job applicant, employee or worker is discriminated against either directly or indirectly on the grounds of age, disability, gender reassignment, marriage and civil partnership, pregnancy or maternity, race, religion or belief, sex or sexual orientation. **Our team shares a huge passion for the work we do** Year ended 30th April 2022 21 ## **Structure, governance and management** ## **Financial Review** ## **Reserves Policy** ## **Introduction** In 2021/22 total expenditure increased to £1,054,512 (2020/21 - £720,154). In setting our annual budget, we planned to increase resourcing across all areas of the charity, to ensure that we could continue to provide vital support to our children and their families. Even with the continuing effects of the coronavirus pandemic impacting access to some of our partner hospitals, we were able to increase our charitable activities and increase investment by a staggering 23%. To accommodate our growing team and offer a welcoming space to meet with our families and supporters, we also invested in leasing a new office, increasing our office and administration costs, but providing valuable infrastructure to support our future growth plans. Thanks to the generosity of both new and longstanding Trusts and Foundations, corporate and individual supporters, teamed with our hugely successful Energy Rocks event, which was postponed for two years due to the pandemic, in 2021/22 we were able to raise a total income of £1,114,921 (2020/21 - £814,399). A huge achievement being the first time we’ve ever reached this incredible, million pound milestone. The overall effect of our financial performance for the year was a net surplus of £69,729 (2020/21 - £94,244), represented by an increase of £122,814 on our restricted funds, and a decrease of £62,405 on our unrestricted funds, bringing our total funds to £1,073,570 (2020/21 - £1,003,840) as at 30 April 2022. This puts us in a strong position to both fund our investments, and to ensure our financial viability for the coming period. Momentum Children’s Charity exists to support children with cancer or life-challenging conditions, and their families. When a family is referred to us, we make a commitment to provide support and services to children, siblings and parents for as long as is needed. Our reserves policy has therefore been set to reflect this commitment to the community we support, and – in the unlikely event that we should cease to operate – to ensure families would not experience a sudden or immediate change to the care we provide. In addition, this policy considers possible risks to our charity’s operations and how we safeguard against these. ## **Definitions** In accordance with Charity Commission guidance: - free reserves are uncommitted reserves freely available, which exclude restricted and designated funds and amounts invested in tangible fixed assets. - designated funds arise when the Trustees set aside unrestricted funds for specific purposes. - • restricted funds arise when conditions are imposed by the donor, or by the specific terms of appeal, and can only be spent on the activities specified. ## **Unrestricted funds** The Board of Trustees consider the minimum level of free reserves annually – i.e. excluding restricted and designated reserves, required to support the charities operations. Relevant factors include projected financial performance including cash flow requirements, an assessment of risks to our voluntary income streams (on which the charity relies as no statutory funding is received) and the risk of rising costs and inflation, due to the current economic factors being faced externally. Following this review, the Trustees agreed to hold six to a maximum of nine months of the charity’s 2021/22 current expenditure budget of £868,223 (2020/21 - £836,833) in reserves, to ensure the sustainability of support services for seriously ill children and their families, as well as essential operating costs required to support the deliverance of this service, which would exclude fundraising costs and expenditure on hospital refurbishment 22 Momentum Children’s Charity annual report projects (which, in the event of a significant reduction in income, would not be started without gaining restricted funding). The policy therefore stipulates that between £434,112 and £651,167 should be held for this purpose, currently £421,976 is held, the equivalent of six months reserves, showing that the charity is able to sustain itself in the short to medium term. ## **Restricted funds** Restricted funds amounted to £321,312, of which £131,444 related to the charity’s fixed assets, including three holiday homes and the riverboat. All four are available for family respite holidays and trips, through our respite breaks programme. The remaining £189,868 is being held to cover the costs of activities scheduled for delivery in 2022/23 (for example, planned hospital refurbishment projects). ## **Designated funds** In the previous year £75,000 had been designated to support the expansion of the respite breaks programme – which would require the addition of a fourth holiday home in 2023/24. However, a decision was made to redivert these funds towards more critical projects happening during the year, while focusing fundraising efforts on securing income on the full cost of the purchase. When the 2022/23 budget was set, an unrestricted cash deficit had been forecasted, as a result £61,057, was designated for this purpose. ## **Regular review** The Trustees consider the minimum level of free reserves annually – i.e. excluding restricted and designated funds, required to sustain the charity. Relevant factors include projected financial performance, including cash-flow requirements, the findings from our risk management processes and an assessment of risks to our income streams. Year ended 30th April 2022 23 ## **Looking forward** **In 2019/20 we laid out an ambitious three year strategy, setting out our plans to expand our services and geographical reach in support of our vision that no family should have to cope alone. As part of this strategy, we will be focusing on the following priorities for 2022/23:** Supporting 26% more families who have a child with cancer or a life-challenging condition, and who live in London, Surrey and Sussex, increasing our Family Support Team caseload from 260 to 350. Maintaining support to around 120 bereaved families whose child has died as well as extending our Echoes support to families referred to us from all of our hospital partners who experience the sudden death of their child. Supporting our nine existing NHS partner hospitals with in-hospital services and the regular presence of a Family Support Worker on the wards. Continuing our most impactful services, including creative therapies, counselling and respite breaks; and introduce new services based on demands including drama therapy and buddy support. Along with providing a programme of events, gifts and experiences tailored to families. Supporting our partner hospitals with refurbishment projects, committing to six projects in 2022/23. Increasing to include a 10th new partner (subject to funding). Developing existing and new fundraising income streams to support the expenditure commitments of the charity, targeting an income of £1.092m. Developing and delivering a Major Donor and legacy strategy, to further diversify our income streams for the future. Investing in the charity infrastructure to support our new working office and team growth, including staff recruitment and HR systems. 24 Momentum Children’s Charity annual report ## **Statement of Trustees’ responsibilities in relation to the financial statements** The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP; - make judgements and accounting estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable chem to ensure that the financial statements comply which the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the Board of Trustees and signed on its behalf by Hilary Paxman, Chair Year ended 30th April 2022 25 ## **Amanda’s story** **Amanda, whose 14-year-old daughter, Alice, has been treated for ependymoma – a tumour that grows inside tissue found in the central nervous system – took on the incredible Thames Path Challenge to help raise vital funds for Momentum.** It’s been two years since Alice’s original diagnosis and in January 2020, Amanda took her to Manchester to undertake proton beam therapy. The treatment took place over six weeks and then shortly afterwards, when the nation went into lockdown, the family also found themselves cut off from the friends and family who had been supporting them during this awful time. It was at this point that they met Momentum Children’s Charity. Amanda said “We met Momentum Children’s Charity during the thick of lockdown, when we hadn’t seen the friends and family who had buoyed and supported us after Alice’s initial diagnosis. It was a really difficult and lonely time. The little things they offer, like knowing a Family Support Worker is ready to listen at the end of the phone, food and drinks for parents who are staying in the hospital with their children and a social distanced doorstep Santa visit, have all been big things for our family.” **The little things they offer, like knowing a Family Support Worker is ready to listen at the end of the phone, food and drinks for parents who are staying in the hospital with their children and a social distanced doorstep Santa visit, have all been big things for our family.** Following the proton beam therapy last year, Alice was found to have further nodules in her spine, having to then go through four months of chemotherapy, followed by six weeks of daily radiotherapy, with all treatment finishing in April 2021. Alice’s journey, like many children with cancer, has been strewn with setbacks and she has had to endure a lot of hospital visits, treatment, infusions and medication. The family have managed to find some respite with a wonderful trip on the Momentum river boat ‘Moments on the River’, some sneaky treats from the Momentum cupboard on the ward at Kingston and also some art therapy for Alice who is very creative. Last month’s walk was a real opportunity for Amanda’s friends to rally around to show their support for Alice and the whole family while the cancer treatment continues. Eleven of Amanda’s friends joined her on the walk, together raising £22,500 including gift aid. Amanda said: “The Thames Path Challenge was a wonderful experience, having my friends come together to show their support for Alice’s cancer journey but also standing by me, stepby-step, for all 28 kilometres of the walk. I am ecstatic at the amount we have raised, all of which will benefit other children and families who are going through their own cancer ~~journey.~~ 26 Momentum Children’s Charity annual report ## **Independent Auditor’s Report To the Trustees of Momentum Children’s Charity For the Year Ended 30th April 2022** ## **Opinion** We have audited the financial statements of Momentum Children’s Charity (the ‘charity’) for the year ended 30 April 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charity’s affairs as at 30 April 2022, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Year ended 30th April 2022 27 ## **Independent Auditor’s Report** Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: - the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or - the charity has not kept adequate accounting records; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 28 Momentum Children’s Charity annual report ## **Independent Auditor’s Report** Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-andguidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-foraudit.aspx. This description forms part of our auditor’s report. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. ## **Use of our report** This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. KWSR & CO LTD (Jun 21, 2023, 10:47am) Susan Rahman KWSR & Co, Chartered Accountants & Registered Auditors is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006. Year ended 30th April 2022 29 ## **Statement of Financial Activities** **----- Start of picture text -----**
NOTES UNRESTRICTED RESTRICTED
FUNDS FUNDS 2022 2021
£ £ £ £
**----- End of picture text -----**
||**NOTES**|**UNRESTRICTED**
**FUNDS**
**£**|**RESTRICTED**
**FUNDS**
**£**|**2022**
**£**|**2021**
**£**| |---|---|---|---|---|---| |**INCOMING RESOURCES**|||||| |Voluntary income|2|508,653|45,232|553,885|539,551| |Activities for generating funds|3|195,479|50,000|245,479|1,958| |Investment income|4|171|-|171|226| |**Incoming resources from charitable**
**activities**
In furtherance of the Charity’s objects||-|315,386|315,386|272,664| |**Total income resources**||**704,303**|**410,619**|**1,114,921**|**814,399**| |**RESOURCES EXPENDED**
**Costs of generating funds**|||||| |Costs of generating income|5|129,334|-|129,334|87,524| |Cost of activities for generating funds|6|148,545|-|148,545|240| |Charitable activities in furtherance of
the charities objects||476,142|287,805|763,946|624,492| |Governance costs|7|12,686|-|12,686|7,899| |**Total resources expended**||**766,707**|**287,805**|**1,054,512**|**720,154**| |**NET INCOMING RESOURCES**||(62,405)|122,814|60,409|94,244| |**Other recognised gains**|||||| |Gains on revaluation of fxed assets|8|3,636|5,684|9,320|-| |Transfers between funds||(5,682)|5,682|-|-| |**Net movement in funds**||**(64,451)**|**134,180**|**69,729**|**94,244**| |**Reconciliation of funds**|||||| |**Net funds brought forward**||**816,709**|**187,132**|**1,003,841**|**909,596**| |**Net funds carried forward**||**752,258**|**321,312**|**1,073,570**|**1,003,840**| 30 Momentum Children’s Charity annual report ## **Balance sheet** ## **At 30th April 2022** **----- Start of picture text -----**
NOTES 2022 2021
£ £
**----- End of picture text -----**
||**NOTES**|**2022**
**£**|**2021**
**£**| |---|---|---|---| |**FIXED ASSETS**|||| |Tangible assets - restricted|9|131,444|135,313| |Tangible assets - unrestricted|9|214,354|208,494| |**Total**||**345,798**|**343,807**| ||||| |**CURRENT ASSETS**|||| |Debtors|10|101,786|98,909| |Cash at bank and in hand|-|672,901|664,731| |**Total**||**774,687**|**763,640**| ||||| |**CREDITORS**Amounts falling due within one year|11|46,915|103,606| |**NET CURRENT ASSETS**||727,773|660,034| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||**1,073,570**|**1,003,841**| ||||| |**CAPITAL AND RESERVES FUND**|||| |Unrestricted funds|12|691,201|728,210| |Designated funds|12|61,057|88,499| |Restricted funds|12|321,312|187,132| |**Total**||**1,073,570**|**1,003,841**| The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. Approved by order of the Board of Trustees on 11/10/2022 and signed on its behalf by Hilary Paxman Chair Graham Smith Treasurer Year ended 30th April 2022 31 ## **Statement of cash flows** ## **For the year ended 30th April 2022** **----- Start of picture text -----**
2022 2021
TOTAL TOTAL
£ £
**----- End of picture text -----**
||**2022**
**TOTAL**
**£**|**2021**
**TOTAL**
**£**| |---|---|---| |**OPERATING ACTIVITIES**
**Net income for the reporting period**|69,559|94,019| |Adjustments to reconcile Net Income to Net Cash provided by operations:||| |(Increase)/decrease in debtors|(2,877)|25,734| |Increase/(decrease) in creditors|(56,692)|28,103| |Depreciation|21,834|19,243| |**Net cash provided by operating activities**|**31,823**|**167,099**| |**INVESTING ACTIVITIES**
Interest income|171|226| |Purchase of tangible fxed assets|(14,504)|-| |Revaluation of tangible fxed assets|(9,320)|| |**Cash provided by/(used in) investing activities**|**(23,653)**|**226**| |**DECREASE IN CASH AND CASH EQUIVALENTS IN THE YEAR**|8,170|167,325| |**Cash and cash equivalents at the beginning of the year**|**664,731**|**497,407**| |**Total cash and cash equivalents at the end of the year**|**672,901**|**664,731**| 32 Momentum Children’s Charity annual report ## **Notes to the Financial Statements For the year ended 30th April 2022** ## **1. Accounting Policies** ## **1(a). General Information and Basis of Preparation** Momentum Children’s Charity is a registered charity in England and Wales. The address of the registered office is given in the charity information on page 40 of these financial statements. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a ‘true and fair’ view and 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 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £000. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **1(b). Incoming Recognition** All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be reliably measured, and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Income from activities for generating funds includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. ## **1(c). Resources Expended** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. ## **1(d). Support Costs Management** Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Year ended 30th April 2022 33 ## **Notes to the Financial Statements** Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. ## **1(g). Taxation** The charity is exempt from tax on its charitable activities. ## **1(h). Going Concern** ## **1(e). Fund Accounting** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for a particular purpose. The aim and use of each designated fund are set out in the notes to the financial statements. The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for a particular purpose. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. ## **1(f). Tangible fixed assets** Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets as follows: Respite Holiday Homes (Short Leaseholds) – Over the duration of the Licence agreements – 12, 25 and 30 years respectively. Plant and machinery: River Boat – over 25 years. Others - 25% straight line on costs. 34 Momentum Children’s Charity annual report ## **2. Voluntary income** **----- Start of picture text -----**
UNRESTRICTED RESTRICTED 2022 2021
FUNDS FUNDS TOTAL TOTAL
£ £ £ £
**----- End of picture text -----**
||**UNRESTRICTED**
**FUNDS**
**£**|**RESTRICTED**
**FUNDS**
**£**|**2022**
**TOTAL**
**£**|**2021**
**TOTAL**
**£**| |---|---|---|---|---| |Individual donations|81,125|15,949|97,074|101,594| |Schools and community|99,821|1,821|101,641|130,928| |Corporate and companies|184,869|20,651|205,520|204,085| |Sports and challenge events|101,201|6,812|108,012|47,073| |Income from Trusts and Foundations|41,638|-|41,638|55,872| |**Total**|**508,653**|**45,232**|**553,885**|**539,551**| ## **3. Activities for generating funds** ||**UNRESTRICTED**
**FUNDS**
**£**|**RESTRICTED**
**FUNDS**
**£**|**2022**
**TOTAL**
**£**|**2021**
**TOTAL**
**£**| |---|---|---|---|---| |Fundraising events|194,671|50,000|244,671|-| |Merchandise sales|808|-|808|1,958| |**Total**|**195,479**|**50,000**|**245,479**|**1,958**| ## **4. Investment income** ||**UNRESTRICTED**
**FUNDS**
**£**|**RESTRICTED**
**FUNDS**
**£**|**2022**
**TOTAL**
**£**|**2021**
**TOTAL**
**£**| |---|---|---|---|---| |Deposit|171|-|171|226| |**Total**|**171**|**-**|**171**|**226**| ## **5. Costs of generating voluntary income** ||**UNRESTRICTED**
**FUNDS**
**£**|**RESTRICTED**
**FUNDS**
**£**|**2022**
**TOTAL**
**£**|**2021**
**TOTAL**
**£**| |---|---|---|---|---| |Individual donations|11,584|-|11,584|5,675| |Schools and community|32,472|-|32,472|27,044| |Corporate and companies|54,858|-|54,858|44,058| |Sports and challenge events|30,419|-|30,419|10,746| |**Total**|**129,334**|**-**|**129,334**|**87,524**| Year ended 30th April 2022 35 ## **Notes to the Financial Statements** ## **6. Cost of activities for generating funds** ||**UNRESTRICTED**
**FUNDS**
**£**|**RESTRICTED**
**FUNDS**
**£**|**2022**
**TOTAL**
**£**|**2021**
**TOTAL**
**£**| |---|---|---|---|---| |Fundraising events|148,545|-|148,545|-| |Merchandise sales|-|-|-|240| |**Total**|**148,545**|**-**|**148,545**|**240**| ## **7. Governance costs** ||**UNRESTRICTED**
**FUNDS**
**£**|**RESTRICTED**
**FUNDS**
**£**|**2022**
**TOTAL**
**£**|**2021**
**TOTAL**
**£**| |---|---|---|---|---| |Independent examiner's fee|3,500|-|3,500|3,500| |Legal costs|9,186|-|9,186|4,399| |**Total**|**12,686**|**-**|**12,686**|**7,899**| ## **8. Gains on revaluation of fixed assets** On the 18th of March 2022 an independent valuation of the charity riverboat was conducted. When comparing similar vessels on the market, a fair value of £50,000 was estimated. Had the asset continued to be carried at its historical cost, the net book value on the 30th of April 2022 would have been £40,680. ## **9. Tangible fixed assets** **----- Start of picture text -----**
RESPITE
HOLIDAY
HOME (short PLANT AND FIXTURES COMPUTER
leasehold) MACHINERY AND FITTINGS EQUIPMENT TOTAL
£ £ £ £ £
**----- End of picture text -----**
||**RESPITE**
**HOLIDAY**
**HOME (short**
**leasehold)**
**£**|**PLANT AND**
**MACHINERY**
**£**|**FIXTURES**
**AND FITTINGS**
**£**|**COMPUTER**
**EQUIPMENT**
**£**|**TOTAL**
**£**| |---|---|---|---|---|---| |**COST AND FAIR VALUE**|||||| |At 1st May 2021|360,073|79,476|7,819|9,150|456,518| |Additions|-|2,868|6,140|5,946|14,504| |Revaluations||(6,500)|||(6,500)| |Disposals|-|(22,976)|(2,716)|(8,923)|(34,615)| |**At 30th April 2022**|**360,073**|**52,868**|**11,242**|**5,723**|**429,907**| |**DEPRECIATION**|||||| |At 1st May 2021|59,206|36,536|7,819|9,150|112,710| |Revaluations||(15,820)|||(15,820)| |Disposals|-|(22,976)|(2,716)|(8,923)|(34,615)| |Charge for the year|16,673|2,834|1,228|1,099|21,834| |**At 30th April 2022**|**75,879**|**574**|**6,330**|**1,326**|**84,109**| |**NET BOOK VALUE**|||||| |At 30th April 2022|284,194|52,294|4,912|4,397|345,798| |At 30th April 2021|300,867|42,940|-|-|343,807| 36 Momentum Children’s Charity annual report ## **10. Debtors: Amount falling due within one year** **----- Start of picture text -----**
2022 2021
TOTAL TOTAL
£ £
**----- End of picture text -----**
||**2022**
**TOTAL**
**£**|**2021**
**TOTAL**
**£**| |---|---|---| |Deferred expenses|5,814|41,493| |Prepayments|79,452|10,891| |Other debtors|10,020|-| |Accounts receivables|5,000|46,525| |Accrued income|1,500|-| |**Total**|**101,786**|**98,909**| ## **11. Creditors: Amounts falling due within one year** **----- Start of picture text -----**
2022 2021
TOTAL TOTAL
£ £
**----- End of picture text -----**
||**2022**
**TOTAL**
**£**|**2021**
**TOTAL**
**£**| |---|---|---| |Independent examiner’s fee|3,500|3,500| |Deferred income|10,487|87,765| |Accrued expenses|525|4,966| |Creditors|32,403|7,375| |**Total**|**46,915**|**103,606**| ## **12a. Movement in funds** ||**AT 1ST**
**MAY 2021**
**£**|**INCOMING**
**RESOURCES**
**£**|**RESOURCES**
**EXPENDED**
**£**|**FIXED ASSETS**
**DEPRECIATION**
**£**|**TRANSFER**
**BETWEEN**
**FUNDS**
**£**|**AT 30TH**
**APRIL 2022**
**£**| |---|---|---|---|---|---|---| |**Unrestricted fund**||||||| |General fund|728,210|707,938|754,424|12,283|21,760|691,201| |**Designated fund**||||||| |Respite breaks|75,000||||(75,000)|-| |Forecasted defcit|13,499||||47,558|61,057| |**Total**|**88,499**|**-**|**-**|**-**|**(27,442)**|**61,057**| |**Restricted fund**||||||| |Family support
activities|144,766|247,584|175,502|9,551|6,463|213,760| |Hospital projects|42,366|108,719|102,752||(781)|47,552| |Organisational
development|-|60,000|-|||60,000| |**Total**|**187,132**|**416,303**|**278,254**|**9,551**|**5,682**|**321,312**| |**Total funds**|**1,003,840**|**1,124,241**|**1,032,678**|**21,834**|**-**|**1,073,570**| Year ended 30th April 2022 37 ## **Notes to the Financial Statements** ## **12b. Analysis of net assets between funds** **----- Start of picture text -----**
UNRESTRICTED DESIGNATED RESTRICTED TOTAL
FUNDS FUNDS FUNDS £
£ £ £
**----- End of picture text -----**
||**UNRESTRICTED**
**FUNDS**
**£**|**DESIGNATED**
**FUNDS**
**£**|**RESTRICTED**
**FUNDS**
**£**|**TOTAL**
**£**| |---|---|---|---|---| |Fixed assets|214,354|-|131,444|345,798| |Debtors|101,786|-|-|101,786| |Cash at bank|421,976|61,057|189,868|672,901| |Creditors|(46,915)|||(46,915)| |**Total**|**691,201**|**61,057**|**321,312**|**1,073,570**| ## **13. Staff costs** **----- Start of picture text -----**
SUPPORT FUNDRAISING MARKETING OFFICE AND 2022 2021
STAFF STAFF STAFF ADMIN STAFF TOTAL TOTAL
£ £ £ £ £ £
**----- End of picture text -----**
||**SUPPORT**
**STAFF**
**£**|**FUNDRAISING**
**STAFF**
**£**|**MARKETING**
**STAFF**
**£**|**OFFICE AND**
**ADMIN STAFF**
**£**|**2022**
**TOTAL**
**£**|**2021**
**TOTAL**
**£**| |---|---|---|---|---|---|---| |Wages and
salaries|201,494|132,274|51,314|90,213|475,294|389,754| |Social security
costs|14,535|7,692|4,362|8,556|35,145|27,292| |Pension
contributions|5,309|2,386|1,789|4,257|13,741|8,832| |**Total**|**221,337**|**142,353**|**57,465**|**103,025**|**524,180**|**425,878**| |The average number of full time equivalent staff during the year was: 14 12
The number of employees earning between £60,000 - £70,000 were:
1
1||||||| ## **14. Trustees’ remuneration and benefits** During the year, the following Trustee was reimbursed for expenses paid on behalf of the charity: Hilary Paxman £100 There were no Trustee’s remuneration or other benefits for the year ended 30th April 2022. ## **15. Related party transactions** For the year ended 30th April 2022, the Founder and Chief Executive Officer and Head of Finance and HR were identified as related parties. The Founder and Chief Executive’s son was recruited as an Event Consultant during the year. The aggregate donations received from the Trustees in the year were nil (2021 - £319). There were no other transactions with related parties as at 30th April 2022. 38 Momentum Children’s Charity annual report ## **Detailed statement of Financial Activities For the year ended 30th April 2022** ## **Incoming Resources** **----- Start of picture text -----**
2022 2021
£ £
**----- End of picture text -----**
||**2022**
**£**|**2021**
**£**| |---|---|---| |**VOLUNTARY INCOME**||| |Individual donations|97,704|101,594| |Schools and community|101,641|130,928| |Corporate and companies|205,520|204,085| |Sporting and challenge events|108,012|47,073| |Income from Trusts and Foundations|41,638|55,872| ||**553,885**|**539,551**| |**ACTIVITIES FOR GENERATING FUNDS**||| |Fundraising events|244,671|-| |Merchandise sales|808|1,958| ||**245,479**|**1,958**| |**INVESTMENT INCOME**||| |Deposit income|171|226| |||| |**INCOME FROM CHARITABLE ACTIVITIES**|315,386|272,664| |**TOTAL INCOMING RESOURCES**|**1,114,921**|**814,399**| ## **Resources Expended** **----- Start of picture text -----**
2022 2021
£ £
**----- End of picture text -----**
||**2022**
**£**|**2021**
**£**| |---|---|---| |**COSTS OF GENERATING VOLUNTARY INCOME**||| |Individual donations|11,584|5,675| |Schools and community|32,472|27,044| |Corporate and companies|54,858|44,058| |Sporting and challenge events|30,419|10,746| ||**129,334**|**87,524**| Year ended 30th April 2022 39 ## **Resources Expended cont.** **----- Start of picture text -----**
2022 2021
£ £
**----- End of picture text -----**
||**2022**
**£**|**2021**
**£**| |---|---|---| |**COSTS OF ACTIVITIES FOR GENERATING FUNDS**||| |Fundraising events|148,545|-| |Merchandise sales|-|240| ||**148,545**|**240**| |**CHARITABLE ACTIVITIES**||| |Marketing costs|86,543|92,798| |Enhancing the healing environment expense|129,545|72,935| |Provision of services to support patients and families|314,686|257,483| |Running costs of family respite breaks|38,897|35,731| |Freelance cost for grant applications|18,123|14,542| |Plant and machinery depreciation|2,834|2,260| |Short leasehold depreciation|16,673|16,673| ||**607,300**|**492,423**| |**GOVERNANCE COSTS**||| |Independent examiner's fee|3,500|3,500| |Legal fees|9,186|4,399| ||**12,686**|**7,899**| |**SUPPORT COSTS MANAGEMENT**||| |Offce administration, management and fnance|130,304|120,242| |Premises and other related costs|21,682|11.038| |Fixtures and fttings depreciation|1,228|-| |Computer equipment depreciation|1,099|310| ||**154,313**|**131,590**| |**FINANCING**||| |Bank charges|2,334|479| |**TOTAL RESOURCES EXPENDED**|**1,054,512**|**720,154**| |**OTHER COMPREHENSIVE INCOME**||| |Gains on revaluation of fxed assets|9,320|**-**| |**NET SURPLUS**|**69,729**|**94,244**| 40 Momentum Children’s Charity annual report ## **Reference and administrative details** ## **Registered charity number** 1106677 ## **Principal address** 11a Creek Road, East Molesey, Surrey, KT8 9BE ## **Founders** - Bianca Effemey (Chief Executive) - Alison Trigg - Jacqui Coppellotti ## **Trustees** The Trustees who have served during the year and since the year end were as follows: - Hilary Paxman (Chair) - Graham Smith (Treasurer) - Christian Butter - Mario Bodini - James Conway - Victor De Cruz - Kieron Lynch - Vanessa Walters - Alistair Wood (resigned February 2022) ## **Auditors** KWSR & Co Chartered Accountants & Registered Auditors 136 Merton High Street London SW19 1BA Year ended 30th April 2022 41 **Thank you to all the fundraisers, donors, volunteers, companies, schools, community groups, trusts and foundations who kindly supported us this year. We couldn’t do what we do without your generosity and support.** 42 Momentum Children’s Charity annual report **020 8974 5931 | info@momentumcharity.org www.momentumcharity.org** 11a Creek Road, East Molesey, KT8 9BE. Registered charity: 1106677 ## **Issuer** ## KWSR and Co LTD **Document generated** Wed, 21st Jun 2023 10:30:45 BST **Document fingerprint** ec08faa2b5cff7f98a0892ca44272695 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Wed, 21st Jun 2023 10:47:25 BST KWSR & CO LTD - Signer (366aca49ae1d1bb1989eaedb346c01b0) ## **Audit history log** ## **Date** ## **Action** Wed, 21st Jun 2023 10:47:27 BST KWSR & CO LTD viewed the envelope. (79.69.170.53) Wed, 21st Jun 2023 10:47:25 BST The envelope has been signed by all parties. (79.69.170.53) Wed, 21st Jun 2023 10:47:25 BST KWSR & CO LTD signed the envelope. (79.69.170.53) Wed, 21st Jun 2023 10:47:05 BST KWSR & CO LTD viewed the envelope. (79.69.170.53) Wed, 21st Jun 2023 10:47:02 BST KWSR & CO LTD opened the document email. (79.69.170.53) Wed, 21st Jun 2023 10:32:34 BST Document emailed to hello@kwsr.co.uk (18.134.156.115) Wed, 21st Jun 2023 10:32:34 BST Sent the envelope to KWSR & CO LTD (hello@kwsr.co.uk) for signing (79.69.170.53) Wed, 21st Jun 2023 10:31:51 BST KWSR & CO LTD has been assigned to this envelope (79.69.170.53) Wed, 21st Jun 2023 10:31:06 BST Document generated with fingerprint ec08faa2b5cff7f98a0892ca44272695 (79.69.170.53) Wed, 21st Jun 2023 10:30:45 BST Envelope generated by Susan (79.69.170.53)