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2023-04-30-accounts

Year ended 30th April 2023 1

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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 10
Community engagement 11
Funding our services 12
Structure, governance and management 14

Financial Statements

Financial Statements
Independent Auditor’s Report 19
Statement of Financial Activities including Income and Expenditure Accounts 22
Balance Sheet 24
Statement of Cash Flows 25
Notes to the Financial Statements 26
Reference and Administrative Details 34

Year ended 30th April 2023 3

Report of the Trustees For the Year Ended 30th April 2023

The Trustees present their report and the audited Financial Statements of the charity for the year ended 30th April 2023. 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 Charitable Incorporated Organisation (CIO). 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 lifechallenging condition is devastating for children, young people and their families and carers. 150 children are diagnosed with cancer in England monthly, with around 10 of these in South West London, Surrey and Sussex. A further 9000 children are diagnosed with a life-challenging condition (e.g. congenital, neurological, respiratory) in England,* resulting in hundreds more families in our geographical catchment area learning that their child is seriously ill.

Our vision

Our vision is to ensure that no family whose child has cancer or a life-challenging condition has to cope alone.

Our mission

Our mission is to make the experience of cancer or life-challenging illnesses more bearable for children and their families in London, Surrey and Sussex. We’re there whatever the outcome, and provide support to families for as long as needed.

About us

We work in partnership with 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 a number of bare, clinical areas into bright, childfriendly spaces.

Our hospital partnerships

As a partner of the NHS, the families we support are referred to us from one of nine hospitals.

(*CRUK ** University of York 2020)

4 Momentum Children’s Charity annual report

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 Croydon and West Middlesex. We do not select which families we support based on any socioeconomic criteria. Families are offered appropriate support services depending on their emotional and practical needs.

Children with a life-challenging condition - 32%

68% of the families we support have a child who is undergoing treatment for cancer. A further 32% have a child with a lifechallenging condition, which include a range of illnesses such as epilepsy and diabetes.

Children with cancer - 68%

Year ended 30th April 2023 5

Message from our Chair of Trustees

Hello, I would like to start this, my first message as Chair of Trustees, by thanking my predecessor, Hilary Paxman, who had been a Momentum Trustee for many years latterly as Chair, for all of her tireless dedication and excellent leadership of the Board. We all wish her well for the future.

At the start of the year, just when things looked as though they might be settling down after COVID, so the invasion of Ukraine and the Cost of Living crisis took over and along with all other charities, Momentum felt the impact both directly and indirectly.

Despite this dark background, once again the fundraising team made the outstanding achievement of reaching an income of over one million pounds, achieved without the high income Energy Rocks event of the previous year. It was particularly encouraging to see gains in Voluntary income from all sources including Individual donations, Community, Corporates and Challenge events accompanied by excellent support from Trusts.

Last year saw the start of our partnership with University Hospitals Sussex NHS Foundation Trust, and good progress has been made with the Royal Alexandra Children’s Hospital in Brighton and Worthing Hospital. Our short term plan is to now strengthen our existing relationships with hospitals in London, Surrey and Sussex.

I am pleased to report that we finally managed to catch up with the hospital projects that had been delayed by COVID, completing successful fit-outs in the Royal Surrey County Hospital, Worthing Hospital and three in Kingston Hospital.

In June 2022 Momentum changed its status to a Charitable Incorporated Organisation (CIO). This is in line with many charities who are changing their status in this way to one that is more appropriate for the size and requirements of Momentum. The change took up considerable time and resources and I would like to thank all of those who got it over the line. Also in June 2022 the Board welcomed Michele Settle and Fiona Loveless strengthening our expertise in the charity sector and hospital relationships.

The change of status and the achievement of over one million pounds of income was also a good time for us to review our Governance. This resulted in the Management Team and the Board reviewing, updating and strengthening many of the processes within the office, investing in IT, additional training for all staff including trustees and developing the way that the Board and Senior Management team operate to provide a solid basis for Momentum’s future.

But, of course, the most important people are the children and the families that we support. The decision was made to boost the number of Family Support staff to meet the very high demand from our supported hospitals. This allowed us to support over 430 families during the year. I am delighted that the excellent service ratings achieved demonstrate the value Momentum brings to those families.

Again my sincere thanks to all of our amazing staff, volunteers, ambassadors and all of you who have given your time and money to Momentum Children’s Charity.

Graham Smith Chair of Trustees

8 November 2023

6 Momentum Children’s Charity annual report

Message from our CEO and Founder

Over the last 19 years, the one thing that has been demonstrated time and again is that Momentum lives up to its name, constantly evolving and changing. The last year has been no exception and another one of firsts. Our Family Support Team was able to support 300 families in active treatment and a further 130 bereaved families through our Echoes service, a record for us. We also had the highest number of new families being referred to us, some 25% more than last year. For these families who are already going through extremely difficult times, now along with the challenges of the cost-of-living crisis, and an NHS that is stretched to capacity for resources, the valuable emotional and practical support our team provides, is something that I am immensely proud of.

Last year we introduced a new social work service for our families, offering support specifically around access to practical information, enabling them to access grants, gain financial support and advice on key challenges they may face such as housing and employment. We helped to source over £302,000+ in grants for families and Disability Living Allowance payments. In a year when families have faced tremendous pressure with challenging financial times, parents also reported a significant impact on their emotional and mental wellbeing; we recognise how vital our service is. We have also grown our Echoes service for bereaved families and offered new ‘Precious Moments Tribute Funds’. We will continue to develop this service investing in team members to ensure that families have the support they need.

Our NHS Foundation Trust Partnership has again enabled us to complete some wonderful projects; a beautiful garden in the Paediatric Department of Kingston Hospital, transforming an Isolation Room at Worthing hospital, and a calming parent’s room and kitchen at Royal Surrey County Hospital. Seeing these spaces transformed is a visual reminder for me of how Momentum began; with a simple vision to help a young girl suffering the painful effects of Chemotherapy.

In this period of growth and change, the essence of who we are at our core remains the same, a service for families to support them, whatever the outcome, for as long as we are needed. This growth would not have been possible without the generosity of incredibly loyal supporters who have become such an integral part of our Momentum Family, along with our passionate and dedicated team who through collaborative and responsive working help us continue to reach our ambitious goals.

As we head towards a milestone that I simply never have dreamt of, our 20th anniversary, my hopes for the future are firmly focussed on being able to support more families, and to grow our bereavement services, while staying true to our vision; to support the unique needs of each family so they do not have to cope alone.

Bianca Effemey Founder CEO

Year ended 30th April 2023 7

How we have supported families

As a parent you are unable to prioritise yourself and your needs - it can take a toll on your wellbeing. It can sometimes be too much to talk to people close to you but services such as Momentum gave us access to people who genuinely wanted to listen. Our support worker’s empathetic approach and caring nature gave me room to breathe, she made me feel heard and know she is always there to listen… We couldn’t have come this far without Momentum’s constant support. Supported Parent

Family Support Social Worker pilot programme

We always strive to adapt our support to the changing needs of families, and piloted a new service with the introduction of a Family Support Social Worker. This service recognised an unmet need for more social work support for all of our supported families. During our 12-month pilot period a total of 43 families used the Momentum Social Work service, mainly for Disability Living Allowance (DLA), general advice, signposting and grants. Our DLA support helped these families receive c. £300,000 + in annual benefits along with a further £2,000 awarded in grants.

Personalised family support

One-to-one therapies

Collaboration sits at the heart of all we do. Through our ten hospital partnerships, our bespoke family support programme begins from the moment a child is referred to us. Every child and every serious illness is unique, so we work closely with families to understand their individual needs, offering a personalised tailored pathway of emotional and practical support both in hospital and at home.

Through regular visits, phone calls and group activities every week, our team of Family Support Workers delivered 205 hours of one-to-one support last year with the development of a tailored support pathway for each family. We were able to support 300 families with a child in active treatment, an increase of 13% on the previous year.

The emotional and physical changes that occur when a child is diagnosed can be difficult for them to cope with. We 300 continue to provide a range of creative families with a therapies and child in active activities including treatment art, music, and play (up 13% YoY) therapy for younger children and siblings to assist them, as well as counselling or psychotherapy sessions for older children, siblings and parents. This support helps families develop coping strategies for the challenges they may face.

Whilst fortunately, most children have a good prognosis, sadly some do not survive and our support services continue for the whole family after their child’s death. As part of our strategy we promised to deliver support to 120 bereaved

families through our Momentum Echoes services, however we actually reached 130 families providing 24 hours a week of dedicated bereavement support work which included help with funeral arrangements, remembrance gifts, arranging special events and a further 192 hours of specialist therapeutic support.

We delivered 712 hours of therapeutic support and wellness sessions to families in need, whose children were in active treatment. With 91%* of parents stating the impact of their child’s diagnosis had a moderate to severe impact on their emotional health and wellbeing our service is vital in helping to improve their overall wellbeing.

712 hours of therapeutic support

192 hours of therapeutic support accessed by our bereaved families

(*from annual parents survey relating to 2022/23 support)

8 Momentum Children’s Charity annual report

----- Start of picture text -----
175
respite holidays
benefitting 744
individuals
----- End of picture text -----

Special experiences

We know that treatment plans can be gruelling for the whole family. To ease the families’ stress and strain, we provide a bespoke, wide range of trips, experiences and magical moments, both in and out of hospital which are designed to bring a smile to every child’s face, despite the difficulties they are experiencing.

Extra special Christmas magic was delivered through 70 doorstep Santa visits across London, Surrey and Sussex as well as the sending of 467 advent calendars. These annual experiencees continue to be one of the most commented upon services, providing a unique and magical experience for families that would otherwise struggle to visit Santa.

Throughout the year we offered a variety of activities including Mo’s Boat Skills and River Training on our ‘Moments on the River’ respite boat, along with Starry Night Sleepovers and during Halloween half term, Spooky Sleepovers and a Halloween trail.

The Santa was brilliant and very funny, the boys thought that he was great. Definitely made our weekend after a long week in hospital.

Special days out for families this year included Disney on Ice at the O2 tickets for 40 people, a jam-packed day at Bocketts Farm for 47 people, 10 ‘fairy in training’ experiences, along with a further 47 people enjoying the thrills at Thorpe Park, and 8 of our supported tweens and teens getting together for a gaming event. Along with many more one-off experiences thanks to our kind supporters.

Our Echoes events play a special role in enabling our supported families to connect with other families. Events have included memory making quilting, festive wreath making, family bowling, Dads evening and a peer to peer bereavement support evening facilitated by a counsellor.

Year ended 30th April 2023 9

Our efforts to improve the hospital experience

Ensuring that the hospital environment and experience is the least frightening and isolating for children and their families that it can be is hugely important, particularly as many face frequent visits over lengthy periods. Our hospital refurbishment projects aim to change bare and clinical spaces into child friendly ones. Sadly restricted NHS budgets do not stretch to such things despite the fact research shows that this environment can even impact how well children respond to treatment. We have been able to complete the following key projects which have already begun making a difference to children and their families whilst in hospital.

Hospital visits and special experiences

Whilst our Family Support Team spent 2,560 family support hours on the wards of our partner hospitals visiting in patient families, we also aim to break up long days, alleviate stress, lift moods and ensure children can still laugh and play in spite of their circumstances through our wellness distraction visits. This has included 216 massage, music and character visits benefiting 1,030 people.

I wouldn’t be able to do my job as well without the support of Momentum. It helps complete our service to the families.

Epsom Ward Staff

Meeting Momentum in the hospital brought hope to us, it was like a light in the middle of the darkness, they were very kind to us. Supported parent

*Hospital 22/23 Impact Summary 10 Momentum Children’s Charity annual report

The commitment of our volunteers

Our team of over 100 volunteers are an essential part of the Momentum community, bringing with them skills, a wealth of knowledge and a relentless drive and commitment. From raising awareness, holding numerous fundraisers, expertly painting 250 individual pebbles for children to carry through treatment, delivering special doorstep treats dressed as Santa and elves at Christmas, to helping to deliver our support services whether as deckhands and skippers on our riverboat or through to office administration, we simply cannot thank them enough for their dedication.

Alan’s story

“I have been interested in birds since I was a young boy after watching a man fly a hawk and then getting my own. I made a profession out of falconry over 50 years ago and have been doing it ever since!

I have a collection of birds which includes hawks, owls, falcons, and kookaburras - 23 in total. Elmo, Gizmo and Mo are just a few of the owl’s names! In 2016 I bought an owl which I called Mo. Mo the owl is Momentum’s mascot. It became a mascot after a boy visiting one of their respite cabins shared how he enjoyed his stay. He said he felt safe and like he was being looked after through the night by an owl in a nearby tree who would talk to him while everyone else slept. Soon afterwards, another child said something similar. A couple of years later, another child asked why Momentum didn’t have a mascot, and the rest is history!

I became a volunteer with Momentum after receiving a phone call asking if I would visit a young boy called Ollie who was very poorly and had requested to see some owls. I accepted, and here we are eight years later! I visited Ollie about 15 times before he very sadly passed away – he was my friend, and I have fond memories of him showing me his tadpoles in the garden. He got such joy from the birds I took to see him.

Over the years, I have visited dozens of families, mainly at their homes, and I also occasionally visit children at Kingston Hospital. Each visit is usually about two hours. During the pandemic, I visited families outside at their homes, and the birds would look at them through their windows. Volunteering fits very well into my daily life – most of the visits to families take place in the afternoons and evenings, and I can usually juggle things around if needs be.

I absolutely love seeing the children’s faces light up when they are around the birds, it brings me so much joy to know that doing something that I have such a passion for is making a difference to families who are going through so much.

I would encourage anyone who can spare some time to get involved and volunteer for Momentum. No family should have to go through the pain of having a seriously ill child, and if anyone can help bring a little relief during a very difficult time, they should do it. Momentum is a very small charity, with no Government funding, so volunteers really do make all the difference.” Year ended 30th April 2023 11

How we fund our services

Thank you. To every company, community group, sports event participant, individual and trust or foundation who enabled us to exceed £1m for a second year. We simply could not do what we do without the incredible generosity of each and every one of our supporters who continue to humble, surprise, and inspire us in equal measure. We receive no statutory funding so are wholly reliant on these voluntary donations.

Where our money came from

----- Start of picture text -----
Other- 1%
Special events - 4%
Challenge events - 14% Corporate - 28%
Community and
schools - 14%
Trusts and
Foundations - 23%
Individuals - 16%
----- End of picture text -----

Corporate Fundraising

We continued our successful corporate partnerships with Berkeley St Edward, Manulife Investment Management, Valero Energy Ltd, Air Charter Service and Jupiter Asset Management.

Just some of the highlights included;

Through generous donations, beneficiary events, participating in challenge events, payroll giving and numerous employee fundraising activities through the year, collectively our Corporate Partners and supporters raised £293,123.

12 Momentum Children’s Charity annual report

Trusts & Foundations

We were grateful for the support from over 40 charitable trusts and foundations this year, including our many loyal supporters, as well as new funders including the Manny Cussins Foundation and Hays Travel Foundation. They provided grants towards specific projects and services, as well as towards our general charitable activities.

Community

Challenge events

Challenge events were a year highlight generating their highest ever income at £144,015. The changed London Marathon schedule post pandemic with the event running in October continued in 2022 but saw the return to its normal place in April 23. With two events occurring in one financial year, our runners raised over £89,000! An amazing 159 people took part in various sports challenges throughout the year. For every mile pounded, length swam, pedal pedalled, and their supporters who donated to their fundraising efforts, thank you.

The varied breadth of support received from the local community and schools continued, astonish not only with amounts raised but also the creativity in securing them. From Café Bridge who this year introduced a ‘masterclass’ by a world champion, The Hare & Hounds annual race night which broke all previous records, a new three year partnership with Christ The Prince of Peace Church in Weybridge, to the creation of “Santa’s Woodland Cabin” which saw our office undergo an extraordinary transformation through the genius of volunteer Amanda Dazley.

Special events

Our first “Christmas Celebration”, a sublime mix of opera and contemporary music was the year’s highlight. It was only possible thanks to the generosity of an array of volunteers who each gave their time, skills, and huge talents completely free to create what can only be described as a truly magical start to the festive season.

Individuals

Our Big Give “Magic Moments” Christmas campaign was the most successful to date raising more than £40,000. However small or large every individual, regular, and in memory donation is truly invaluable and amounted this year to a staggering £166,938.

Year ended 30th April 2023 13

Structure, governance and management

Governing document

On 30th June 2022 we converted from a Trust (Reg 1106677) to a Charitable Incorporated Organisation (Reg 1195373).

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.

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.

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.

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 24 employees and 6 consultants. This equates to 8.5 full-time equivalent staff (FTE) in family support roles, 5 FTE in fundraising and marketing roles, and 3 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.

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. We have made developments to our recruitment process with the introduction of an online application form with EDI monitoring questions and improvements to our job advertisements which include more

14 Momentum Children’s Charity annual report

inclusive language and reduction of the essential specification criteria. 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.

Financial Review

The Charity has continued its growth into 2022/23, providing vital support to our children and their families. Thanks to the generosity of both new and long-standing Trusts and Foundations, corporate and individual supporters we were able to raise total income of £1,033k (2021/22 £1,115k, or £896k on a like for like basis, excluding the Energy Rocks event held in 2022).

We increased our charitable activities further (by some 17%), resulting in a net deficit of (£115k) (2021/22 surplus £69k), funded by reserves.

Reserves Policy

Introduction

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

The Board of Trustees agreed to hold six to nine months of the charity’s expenditure budget in reserves (excluding hospital refurbishments which would only be undertaken if restricted funding had been secured) to ensure the sustainability of support services for seriously ill children and their families, as well as essential operating costs required to support the delivery of this service. The Trustees consider the free reserves policy annually.

Currently £568k is held, the equivalent of six months, showing that the charity is able to sustain itself in the short to medium term.

Designated funds

The Trustees have not designated any funds in 2022/23.

Restricted funds

Restricted funds amounted to £187k, of which £124k related to a portion of the charity’s fixed assets, including three holiday homes and the riverboat.

All four assets are available for family respite holidays and trips, through our respite breaks programme. The remaining £63k is being held to cover the costs of activities scheduled for delivery in 2023/24.

Year ended 30th April 2023 15

Sonia’s story

Sonia, whose 3-year-old son, Jack was diagnosed with a rare genetic disorder called Angelman Syndrome causing developmental and neurological disabilities, took on the London Landmarks Half Marathon to help raise funds for Momentum.

Along with a seven-strong group of employees from the Repatriation Team at HM Wandsworth Prison, Sonia, a complete beginner to running, decided to take up the challenge following Jack’s initial diagnosis in November 2020. Sonia had noticed Jack hadn’t been reaching a number of developmental milestones including rolling or sitting up, and he received his diagnosis at just 15 months old.

Sonia said: “Receiving Jack’s diagnosis was undoubtedly the hardest day of our lives. The doctors informed us that we would never hear Jack’s voice, he’d never walk, and would need round-the-clock care. Our hospital put us in touch with Momentum and one of their Family Support Workers has been by our side ever since.”

Receiving Jack’s diagnosis was undoubtedly the hardest day of our lives. The doctors informed us that we would never hear Jack’s voice, he’d never walk, and would need round-the-clock care. Our hospital put us in touch with Momentum and one of their Family Support Workers has been by our side ever since.

“The future we had imagined for our son was transformed overnight. His new future was uncertain. With our curiosity came the hope and belief that one day a cure could be found for Jack and for all the other people with Angelman. Until then, our anguish has become a desire to provide Jack with everything that he needs. But every night we spend awake caring for Jack, all the hours spent in hospitals or doing physiotherapy, and all the terrifying medical emergencies are easily forgotten every time he laughs or seeks our hand for reassurance. In that moment, he is just our darling, loving son.”

Sonia said, “Before I took on this challenge I couldn’t run a mile, now I am regularly running 15km. Training for the challenge has not only improved my fitness levels, it has been great for my mental health too.”

After an intense 12-week training plan which saw the group cover hundreds of miles, they completed the 13.1 miles course raising over £2,800.

16 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;

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

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

Graham Smith, Chair of Trustees

Year ended 30th April 2023 17

Afonso’s story

Afonso Costa de Salazar Casanova, was diagnosed with Acute Lymphoblastic Leukaemia on 26 May 2020, during the Covid pandemic. He was only three years old. His mum, Susana, shares their story:

Friends and family members had started commenting that Afonso was looking very pale, but we put it down to the restrictions of the pandemic and not being allowed to go outside and get fresh air when we wanted to.

I had noticed Afonso’s energy levels dwindling, he’d started sleeping more during the day, but at first, I just brushed it off. He’d never been a great sleeper so I just thought he was tired. I remember my husband taking Afonso and his twin brother Gabriel out on their scooters and Afonso didn’t want to do anything. He had no energy at all and just wanted to come back inside.

I called 111 on 23 May and saw the GP on 26 May. When we were making our way to the doctor’s surgery, Afonso was completed depleted of all energy, he could barely walk. The doctor checked Afonso over, but he couldn’t see that anything was obviously wrong, although he was concerned at how pale he was, so he referred him to Kingston Hospital for observations and an X-Ray.

We arrived at the hospital that same day, and after tests, we waited in a small room for what seemed like ages, before a Consultant, a Sister and a Nurse Specialist from Paediatric Oncology

came in to speak to us. I could tell it was going to be bad news. As soon as they told us it was Leukaemia, I remember becoming desperate. My instant thought was that Afonso was going to die.

Thankfully, the Leukaemia had been caught early. Afonso’s treatment started immediately, with a blood transfusion and antibiotics. It was a whirlwind. I’d not had a chance to process anything and suddenly I had a child with cancer.

Momentum has been a warm source of support for us since day one when I received a bag of toiletries from them to use while I was staying in hospital with Afonso. In the coming days, we were assigned a Momentum Family Support Worker. We were in the throes of the COVID-19 pandemic, so we had to meet outside in the hospital carpark, but it was comforting to know she was there for us at the end of the phone or email if we needed anything.

We were transferred to St. George’s Hospital so Afonso could have his portacath fitted, and within a week of his diagnosis, his chemotherapy and other drug treatment had started. Afonso responded well, and thankfully after six weeks, he was in remission. His treatment has lasted three years in total, and I am so happy that we have finally reached the end. We feel lucky and are well aware that the outcome is very different for many other families.

As time goes on, you gain some confidence in knowing how well or unwell your child is, and you become less scared about doing things. That was when we decided to take Momentum up on their offer of using their cabins and riverboat. We have had two trips on the Momentum boat which have both been brilliant – they are educational and fun for the boys. They even got to have a go at driving the boat! It is wonderful to be able to offer these experiences to kids going through cancer – it allows them to temporarily forget what they are going through.

Momentum also arranged music and play therapy for Afonso and Gabriel as well as a very special doorstep visit from Father Christmas which was so special for the whole family.

Afonso will have six-weekly appointments for the next year, but we are looking forward to moving on with our lives. We will do some travelling and gain more confidence that life will go back to being similar to how it was before cancer.”

18 Momentum Children’s Charity annual report

Independent Auditor’s Report

To the Trustees of Momentum Children’s Charity For the Year Ended 30th April 2023

Opinion

We have audited the financial statements of Momentum Children’s Charity (the ‘charity’) for the year ended 30 April 2023 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:

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 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 we do not express any form of assurance conclusion thereon. 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.

Year ended 30th April 2023 19

Independent Auditor’s Report

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:

Responsibilities of trustees

As explained more fully in the statement of trustees responsibilities, 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 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 the Act and relevant regulations made or having effect thereunder.

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.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

20 Momentum Children’s Charity annual report

Independent Auditor’s Report

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements 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)” (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members 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 company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

8th November 2023

F J Wilde FCCA MBA DChA (Senior Statutory Auditor)

Chartered Certified Accountants, Statutory Auditor Warner Wilde, 4 Marigold Drive, Bisley, Surrey GU24 9SF F J Wilde FCCA MBA DChA is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Year ended 30th April 2023 21

Statement of Financial Activities including Income and Expenditure Accounts For the year ended 30th April 2023

Current financial year

----- Start of picture text -----
NOTES UNRESTRICTED DESIGNATED RESTRICTED
FUNDS FUNDS FUNDS 2023 2022
£ £ £ £ £
----- End of picture text -----

NOTES UNRESTRICTED
FUNDS
£		 DESIGNATED
FUNDS
£		 RESTRICTED
FUNDS
£		 2023
£		 2022
£
INCOME FROM:
Donations and legacies 3 734,563 - - 734,563 508,652
Charitable activities 4 - - 257,241 257,241 360,619
Other trading activities 5 38,824 - - 38,824 245,479
Investment income 6 2,515 - - 2,515 171
Total income 775,902 - 257,241 1,033,143 1,114,921
EXPENDITURE ON:
Raising funds 7 220,005 - - 220,005 129,334
Charitable activities 8 504,241 - 391,784 896,025 763,946
Cost of other trading activities 9 21,249 - - 21,249 148,545
Governance costs 10 11,137 - - 11,137 12,686
Total expenditure 756,632 - 391,784 1,148,416 1,054,511
NET (OUTGOING)/INCOMING
RESOURCES		 19,270 - (134,543) (115,273) 60,410
Other recognised gains
Revaluation of tangible fxed assets - - - - 9,320
Transfers between funds 61,057 (61,057) - - -
Net movement in funds 80,327 (61,057) (134,543) (115,273) 69,730
Fund balances at 1 May 2022 691,201 61,057 321,312 1,073,570 1,003,840
Fund balances at 30 April 2023 771,528 - 186,769 958,297 1,073,570

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

22 Momentum Children’s Charity annual report

Statement of Financial Activities including Income and Expenditure Accounts For the year ended 30th April 2023

Prior financial year

----- Start of picture text -----
NOTES UNRESTRICTED DESIGNATED RESTRICTED
FUNDS FUNDS FUNDS 2022
£ £ £ £
----- End of picture text -----

NOTES UNRESTRICTED
FUNDS
£		 DESIGNATED
FUNDS
£		 RESTRICTED
FUNDS
£		 2022
£
INCOME FROM:
Donations and legacies 3 508,652 - - 508,652
Charitable activities 4 - - 360,619 360,619
Other trading activities 5 195,479 - 50,000 245,479
Investment income 6 171 - - 171
Total income 704,302 - 410,619 1,114,921
EXPENDITURE ON:
Raising funds 7 129,334 - - 129,334
Charitable activities 8 476,142 - 287,804 763,946
Cost of other trading activities 9 148,545 - - 148,545
Governance costs 10 12,686 - - 12,686
Total expenditure 766,707 - 287,804 1,054,511
NET (OUTGOING)/INCOMING RESOURCES (62,405) - 122,815 60,410
Other recognised gains
Revaluation of tangible fxed assets 3,637 - 5,683 9,320
Transfers between funds 21,760 (27,442) 5,682 -
Net movement in funds (37,008) (27,442) 134,180 69,730
Fund balances at 1 May 2021 728,209 88,499 187,132 1,003,840
Fund balances at 30 April 2022 691,201 61,057 321,312 1,073,570

Year ended 30th April 2023 23

Balance Sheet

At 30th April 2023

----- Start of picture text -----
NOTES 2023 2022
£ £
----- End of picture text -----

NOTES 2023
£		 2022
£
FIXED ASSETS £
Tangible assets - restricted 123,893 131,444
Tangible assets - unrestricted 203,466 214,354
Total 13 327,359 345,798
CURRENT ASSETS
Debtors 14 71,843 101,786
Cash at bank and in hand 600,394 672,901
Total 672,237 774,687
CREDITORSAmounts falling due within one year 15 (41,299) (46,915)
NET CURRENT ASSETS 630,938 727,772
TOTAL ASSETS LESS CURRENT LIABILITIES 958,297 1,073,570
INCOME FUNDS
Restricted funds 19 186,769 321,312
Unrestricted funds - designated 19 - 61,057
UNRESTRICTED FUNDS - GENERAL
General unrestricted funds 19 762,208 681,881
Revaluation reserve 19 9,320 9,320
Total 958,297 1,073,570

The financial statements were approved by the trustees on 8th November 2023 and signed on its behalf by

Graham Smith (Chair).

24 Momentum Children’s Charity annual report

Statement of Cash Flows

For the year ended 30th April 2023

----- Start of picture text -----
NOTES 2023 2022
£ £ £ £
----- End of picture text -----

CASH FLOWS FROM OPERATING
ACTIVITIES
Cash (absorbed by)/generated from
operations		 18 (69,152) 22,504
INVESTING ACTIVITIES
Purchase of tangible fxed assets (5,871) (14,504)
Investment income received 2,515 171
Net cash used in investing activities (3,356) (14,333)
Net cash used in fnancing activities - -
Net (decrease)/increase in cash and
cash equivalents		 (72,508) 8,171
Cash and cash equivalents at beginning
of year		 672,902 664,731
Cash and cash equivalents at the end
of the year		 600,394 672,902

Year ended 30th April 2023 25

Notes to the Financial Statements

For the year ended 30th April 2023

1. Accounting Policies

Charity information

Momentum Children’s Charity is a Charitable Incorporated Organisation.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity’s governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice, which is referred to in the Regulations, but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income from charitable 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 to raise finds and is recognised when entitlement has incurred.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated based on time spent, and depreciation charges are allocated on the portion of the asset’s use.

26 Momentum Children’s Charity annual report

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity ‘s balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Year ended 30th April 2023 27

Notes to the Financial Statements

2. Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Donations and legacies – unrestricted

----- Start of picture text -----
2023 2022
£ £
----- End of picture text -----

2023
£		 2022
£
Individual donations 150,228 81,125
Community 135,804 99,820
Corporates 286,516 184,869
Challenge events 144,015 101,200
Trusts and foundation 18,000 41,638
Total 734,563 508,652

4. Charitable activities: performance related (restricted) grants

----- Start of picture text -----
2023 2022
£ £
----- End of picture text -----

2023
£		 2022
£
Individual donations 16,710 15,949
Community 12,377 1,821
Corporates 6,607 20,651
Challenge events - 6,812
Trusts and foundation 221,547 315,386
Total 257,241 360,619

5. Other trading activities

UNRESTRICTED
FUNDS GENERAL
2023
£		 UNRESTRICTED
FUNDS GENERAL
2022
£		 RESTRICTED
FUNDS
2022
£		 2022
£
Fundraising events 38,332 194,671 50,000 244,671
Merchandise sales 492 808 - 808
Total 38,824 195,479 50,000 245,479

28 Momentum Children’s Charity annual report

6. Investment income

UNRESTRICTED
FUNDS GENERAL
2023
£		 2022
£
Deposit interest 2,515 171

7. Expenditure on raising funds

UNRESTRICTED
FUNDS GENERAL
2023
£		 2022
£
Individual donations 37,300 11,585
Community 46,635 32,472
Corporates 54,613 54,858
Challenge events 81,457 30,419
Total 220,005 129,334

8. Expenditure on charitable activities

----- Start of picture text -----
UNRESTRICTED
FUNDS RESTRICTED
GENERAL FUNDS 2023 2022
£ £ £ £
----- End of picture text -----

UNRESTRICTED
FUNDS
GENERAL
£		 RESTRICTED
FUNDS
£		 2023
£		 2022
£
Provision of services to support patients and families 179,687 250,432 430,119 314,686
Enhancing the healing environment - 68,623 68,623 129,545
Running costs of family respite breaks 58,284 - 58,284 38,897
Freelance cost for grant applications 34,227 - 34,227 18,123
Short leasehold depreciation 11,901 7,550 19,451 19,507
Fixtures and fttings/computer depreciation 4,858 - 4,858 2,327
Marketing costs 103,389 - 103,389 86,541
Offce administration, management and fnance 76,805 - 76,805 130,304
Organisational development - 65,179 65,179 -
Premises and other related costs 34,827 - 34,827 21,682
Bank charges 263 - 263 2,334
504,241 391,784 896,025 763,946

Year ended 30th April 2023 29

Notes to the Financial Statements

9. Expenditure on other trading activities

UNRESTRICTED
FUNDS GENERAL
2023
£		 2022
£
Fundraising events 20,667 148,545
Merchandise sales 582 -
Total 21,249 148,545

10. Governance costs

UNRESTRICTED
FUNDS GENERAL
2023
£		 2022
£
Audit fees 8,712 3,500
Legal costs 2,425 9,186
Total 11,137 12,686

11. Trustees

During the year, no Trustee (or any persons connected with them) received any remuneration or benefits or were reimbursed for expenses paid on behalf of the charity (2022 one Trustee £100).

12. Employees

----- Start of picture text -----
FAMILY OFFICE AND
SUPPORT FUNDRAISING MARKETING ADMIN 2023 2022
£ £ £ £ £ £
----- End of picture text -----

FAMILY
SUPPORT
£		 FUNDRAISING
£		 MARKETING
£		 OFFICE AND
ADMIN
£		 2023
£		 2022
£
Wages and
salaries		 278,274 120,680 71,894 94,219 565,067 401,686
Social security
costs		 23,520 11,730 6,496 8,951 50,697 35,145
Pension
contributions		 8,435 3,264 2,346 5,136 19,181 13,741
Total 310,229 135,674 80,736 108,306 634,945 450,572

The average number of full time equivalent staff during the year was: 17 14

The number of employees earning between £60,000 - £70,000 were: 1 1

Aggregate employee benefits of key management personnel £115k (2022: £110k).

30 Momentum Children’s Charity annual report

13. Tangible fixed assets

----- Start of picture text -----
HOLIDAY
HOME (short PLANT AND FIXTURES COMPUTER
leasehold) MACHINERY AND FITTINGS EQUIPMENT TOTAL
£ £ £ £ £
----- End of picture text -----

HOLIDAY
HOME (short
leasehold)
£		 PLANT AND
MACHINERY
£		 FIXTURES
AND FITTINGS
£		 COMPUTER
EQUIPMENT
£		 TOTAL
£
COST
At 1st May 2022 360,073 52,868 11,243 5,723 429,907
Additions - - - 5,870 5,870
Disposals - - - - -
At 30th April 2023 360,073 52,868 11,243 11,593 435,777
DEPRECIATION AND IMPAIRMENT
At 1st May 2022 75,879 574 6,330 1,326 84,109
Charge for the year 16,673 3,352 1,228 3,056 24,309
At 30th April 2023 92,552 3,926 7,558 4,382 108,418
CARRYING AMOUNT
At 30th April 2023 267,521 48,942 3,685 7,211 327,359
At 30th April 2022 284,194 52,294 4,913 4,397 345,798

14. Debtors: Amounts falling due within one year

2023
£		 2022
£
Trade debtors 2,000 5,000
Other debtors 10,000 15,834
Prepayments 35,832 79,452
Accrued income 24,011 1,500
Total 71,843 101,786

15. Creditors: Amounts falling due within one year

----- Start of picture text -----
NOTES 2023 2022
£ £
----- End of picture text -----

NOTES 2023
£		 2022
£
Independent examiner’s fee 7,800 3,500
Deferred income 16 10,098 10,487
Accrued expenses 2,235 525
Taxes and social security 13,334 5,700
Creditors 7,832 26,703
Total 41,299 46,915

Year ended 30th April 2023 31

Notes to the Financial Statements

16. Deferred income

Deferred income is included in the financial statements as follows:

----- Start of picture text -----
2023 2022
£ £
----- End of picture text -----

2023
£		 2022
£
Deferred income is included within:
Current liabilities 10,098 10,487
Movements in the year:
Deferred income at 1 May 2022 10,487 87,765
Released from previous periods (10,487) (87,765)
Resources deferred in the year (10,098) 10,487
Deferred income at 30 April 2023 10,098 10,487

17. Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution scheme for all qualifying employees The assets of the scheme are held separately from those of the charity in an independently administered fund.

Contributions to defined contribution schemes amounted to £19,181 (2022: £13,741).

18. Cash generated from operations

----- Start of picture text -----
2023 2022
£ £
----- End of picture text -----

2023
£		 2022
£
(Defcit)/surplus for the year (115,273) 60,410
Adjustments for:
Investment income recognised in statement of fnancial activities (2,515) (17)
Depreciation and impairment of tangible fxed assets 24,309 21,834
Movements in working capital
Decrease/(increase) in debtors 29,943 (2,877)
(Decrease) in creditors (5,227) (56,692)
(Decrease) in deferred income (389) -
Cash (absorbed by)/generated from operations 69,152 22,504

32 Momentum Children’s Charity annual report

19. Movement in funds

----- Start of picture text -----
INCOMING RESOURCES FIXED ASSETS
2022 RESOURCES EXPENDED DEPRECIATION TRANSFERS 2023
£ £ £ £ £ £
----- End of picture text -----

2022
£		 INCOMING
RESOURCES
£		 RESOURCES
EXPENDED
£		 FIXED ASSETS
DEPRECIATION
£		 TRANSFERS
£		 2023
£
Unrestricted fund
General fund 691,201 775,902 739,873 16,759 61,057 771,528
Total 691,201 775,902 739,873 16,759 61,057 771,528
Designated fund
Forecasted defcit 61,057 - - - (61,057) -
Total 61,057 - - - (61,057) -
Restricted fund
Family support
activities		 213,760 176,543 250,432 7,550 - 132,321
Hospital projects 47,552 58,198 68,623 - - 37,127
Organisational
development		 60,000 22,500 65,179 - - 17,321
Total 321,312 257,241 384,234 7,550 - 186,769
Total funds 1,073,570 1,033,143 1,124,107 24,309 - 958,297

Analysis of net assets between funds

Fund balances at 30 April 2023 are represented by:

UNRESTRICTED
FUNDS
GENERAL
2023
£		 RESTRICTED
FUNDS
2023
£		 TOTAL
2023
£		 UNRESTRICTED
FUNDS
GENERAL
2022
£		 DESIGNATED
FUNDS
2022
£		 RESTRICTED
FUNDS
2022
£		 TOTAL
2022
£
Tangible assets 203,466 123,893 327,359 214,354 - 131,444 345,798
Current assets/
(liabilities)		 568,062 62,876 630,938 476,847 61,057 189,868 727,772
Total 771,528 186,769 958,297 691,201 61,057 321,312 1,073,570

20. Related party transactions

For the year ended 30th April 2023, the Founder and Chief Executive Officer and Director of Finance and Operations were identified as related parties.

The aggregate donations received from the Trustees in the year were £663 (2022 - nil). There were no other transactions with related parties for the year ended 30th April 2023.

21. Analysis of changes in net funds

The charity had no debt during the year.

Year ended 30th April 2023 33

Reference and administrative details

Registered charity number

1195373

Principal address

11a Creek Road, East Molesey, Surrey, KT8 9BE

Founders

Trustees

The Trustees who have served during the year and since the year end were as follows:

Auditors

F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF

Bankers

HSBC 1 Centenary Square Birmingham B1 1HQ

34 Momentum Children’s Charity annual report

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.

Year ended 30th April 2023 35

020 8974 5931 | info@momentumcharity.org www.momentumcharity.org 11a Creek Road, East Molesey, KT8 9BE. Registered charity: 1195373