Charity Re915tratiorb No. 1201143
Compatty reg15tratlon number1447213S IEngland arLd Wales)
THE FOSTER CARE CHARITY
ANNUAL REPORT AND CONSOLIDATED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

THE FOSTER CARE CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Tru$tee5
Mr B J N O'connell
Ms P M Chlnnedl
Mr S Egerton
M5 D Jackman
hAr K J Monk
MrJ Tud5e
IAppoinled 9 November 20221
14)poinled 9 November 20221
(Appointed 1 Oclob2r 20221
(Appointed 1 Oclobpr 20221
IAppDinle($ 9 N¢wetnber 20221
14opolnled 9 Nowember2Q221
SE¢refary
MrKJMon
Charfty number
1201143
Company number
14472135
Princlpal office
Penny Hall
The Hay5figld
Sprfng Lane Noth
M81vÈm
Worcesler5hire
WR14 1GF
Auditor
Ormerod Rutter LimKed
Chartered Accountants
ThE Oakley
Kiddemiinster Road
Droilwrch
Worcesleishtre
WR9 9AY

THE FOSTER CARE CHARITY
CONTENTS
Pago
Trusl8es' report
Independenl audilorfs report
8-10
CDnsoUdal8d statement of fina￿la1 a¢lwthes
Con501tdaled bala￿8 sheel
12
CDmpany balance sheet
Con5015daled statement of ¢ash flows
14
Notes to Ihe flnancial staiements
15-27

THE FOSTER CARE CHARITY
TRUSTEES, REPORT
FOR THE PERIOD ENDED 31 MARCH 2024
The Tru5tee5 present their annual repotl and financial sialemenls for the perlod eftded 31 Mafch 2024.
The fwancial s121ernenls have been prepared In aCWrdar￿e wth the Bccounling pollcies set out in note 1 to the
financi21 statements and compty with the charity's governing documenl, the Cotnpani85 Act 2006 an
'Accounling an(J Reporting by Charilips.. Slalpffjenl ol Recommended Pracuce applicable to chwiie5 preparing
Iheiraccounts in accordance wilh Ihe Financial Reporting Standard 8ppll¢able in the UK 8nd Republic of lieland
IFRS 1021" leHeclive 1 January 20191.
Incorporation
The ¢haritable company was hE(Kp¢taied on 9 November 2022 and cotnmenced Iradiw on 1 October 2023.
Vlsion
To make a po￿t￿le impact on children's Ihes and enaLle them lo ackn￿ve their full Potential, hawe 8 $en5e of
belonging, and grow a5 indivlduals.
ObJectlv95
To promote Ihe rare 3nd welfare Df vulnerabk children and young adulls through the provision of
f051er care placements and olher relev8nl childcao 5ervic8s and ytrjng people's seNices,' 2nd
To relieve the neads and preserv? and proiecl the wekTe Df Ghildren and youn9 adulls in foster
Care. those who have left Ihe care syst&n and Iheir caTers through the provisn)n of advice, support
and addilicnal setvice5.
Public benefit
The Irts51ees have pald due regard toguidatre issued by the CharitycC￿rnIsSIOn in deciding wh81 a￿￿11￿6 Ih8
charity should undertake.

THE FOSTER CARE CHARITY
TRUSTEES. REPORT ICONTINUEDI
FOR fHE PERIOD ENDED 31 MARCH 2024
Servlce and Activltles
FCC receives ieferrals of chddren and young people requiiing a foster plac?rnenl from Local Aulhorili88
Ihroughout England. Referrals are dealt wmh by our PIHcement Co-oidinalor who Idenlifies potpnlial m81ches
and then liaises with our slall and carer5 and the Local Authority lo prDgress the relerral. This agency h35 a
robust Matching procedure which ensure5 Ihat every child referrÈd 15 malched lo the Gar8r who can b?51 m8el
their needs.
Every fostering household ha5 p[￿ided a family profile, which includes pholo$ and infolmabon aboul
Ihernsefves and a message lo Ihe child or yowg pwson requiring a plaGem¢ni.
FCC offers a tange of placement typÈs, as follows..
Short term- FCC wowdes 5hort-lerm ￿aCementS. For ex8mplÈ, children and yovng people mayrequire
a short-lerm placement lo aid a return horne or to 8SS151 Ihem in rrK)ving lo an aLSoplive or a perfflanenl
placement. A child rnay be rlaced in an emergency, pending decisions being made about Iheir ￿ture.
Foster carers will be woikin9 wilh placing Aulhorily on objectives wilhin the child's Care Plan arwj
ensuring Ihat the child or young person reaches their indiwdual polenlial, however long the placement
Long Term - FCC offers perrnanenl family placements for children and young people for whom ihe
decision thai Ihey require a p8rmanenl placement has been made. The aim 15 to provide a home inlo
adullhood.
We are an agency Ihat wll prornote Special Guardianship and adoption for chI￿ren placed with our
foster carers, where Ihls is in the child's besi inleiesls and with agroemenl of all partvds.
Where appropriale, Ihis agency su￿OrtS, principle. carers who wish lo continue to offer8 pb¢E fora
young person after Iheli 18th birth¢Jay. Vve believe Ihat offerirvJ a young person a Slaying Pul
arrangement, there FCQ iernains involved and SUPFQrting Ihe former foslercarer, is m051 PD5ibve
way of providing t￿$.
staying Put- Slaying Pul ￿ a governrnenlal inilkqlive lo support young people, on reaching Ihe age 01
18. to 51ay with their formpr f05tsr carers. WhlLsi not a losterh)g plactmenl. FCC ha5 a scheme which
allows for the fo￿ller caiel lo be supported whiLst the Sta￿1ng Put a￿gement 15 ￿ place. This scheme
benefits both the young person and Ihe carer.
Sibling Groups- The agency does assess and approv& foster car8rs who have Ihe emoi(onal strength
and physical space lo care for a slbllng gmup. We recognise the addi110nal support Ihat looking after a
sibling group requires so thal each individual child achieves Iheir maximum potential.
Parenl and Child Placements Thi5 Agency provides a P3fEnl and Child plarernent Service. F0518r
carers are required lo have training in this type DI prova5iDn 85 well as Bvidenong Ihew abilltyto lake on
Ihis Complex I￿k. We have carers who wothwith the placin9 Aulhorily on 8 parenting 88sessment
and prowde evidence forlhe court report.
Short Terrn Pk8cements Un¢Jer Regulation 42 Under Regulation 42 01 Ihe Fostering Servire5
Regulath"ons 2011. thi$ agency ha5 offered io Local Authorities, fosler carers who tzn work al￿g5￿8
parent ur lamily memb8r caring lor a non4k*abFed child and who Yill offer Short breaks te enable the
child to Co￿[nUe lo1fv8 athorne. Relevanttrainng and suppori will be offered lo carers inierested in this
area ofwoth.
Example5 of act￿lI1eS and events Ihal we hava regularty run in pa* are p(Elry ors10ry writing cornpets.lbns
Yor ¢hildren, artworkshops fer children land subsoquent art Exhibit￿n51. 5urnmer evenL8 for carers and thildren
(such 8% gc4ng to see an ouidoorchil¢Jren'5 play and then a b8rbequel. seasonal Meals forcarers. ￿ntere¥ents
lor carer5 and childrEn such a5 IC8 skaling. elc.
FCC hdd a qwdrterfy Childr*n$ Fowm and CareF5 FONM. 15 on opportunity lo meet wlh the DieGlw of
chi￿ Care and other Senffjr LeadeE5hip Members. provrdlng feedback, c¢nsultation and ways to help devebp
Ihe agency. Fcctoftsiderlhis a vilal resource in engagitTrg with the children and carer5 we suppor( giving Ihem
a voice within Ihe agency.

THE FOSTER CARE CHARITY
TRUSTEES. REPORT ICONTINUEDI
FOR fHE PERIOD ENDED 31 MARCH 2024
Financial Review
Ouiing the p8riod. loial tiicoming resource5 8$ show In the con501idaled Slalemenl of Financial Aclivilies stand
al £7.303,034 lofwhlch £3.460,443 were danolion5 from The Fosler Care Co-operabve Limilgdl.
The nel a5sels held a5 al 31 Marrh 2024 were £4.625,166 of which £0 are curreniiy held in restricted funds.
ResÈNespolicy
As at 31 March the mini￿rn level oflree reserve5 to safegu2rd the Charty'5 ￿gOIng vlabllity s￿ndS al £1.8m
against the aGlual free reseFve5 level Df £2.25rn.
ThÈ ralculalion is reviewed regular￿ and di5CU55ed at Board metlings. In Ihe event of any signfic8nl shorifa
deiaded plans wlll be pul in place to ensure Ihe r8S8rves 81e rpplenished. The aim of ihe reseNes pollcy Ls10
maximise progres$ lowards meeling aw objeclNes whllst balanC￿g the need for conlintslty and wn5islencyof
Ihe work undertaken by the F051er Care Charty. The trustees are of the view thèt Ihe ¢haritsble company is
going Cor￿ern.
Plans for fLSture periDds
Strategic Aims 2023_2025 fthanclal yè•r'.
Four slraregic priorities were agreed lo deliver 8usines&'5 Charilable Obj8Ctives for the 2023-2025 fmancial ye¥.
Launch Ihe Charity and the brand
The Foster ca￿ Charityw8s launthed on 151 Ocl¢ber 2023
Drive forward the qualtyof0￿work and aspre te do better in allwe do
A'Qualily Assurance Framework is in Flace Ihal u5e5 qualtycontrovquality 8$5Utance100151o morilor
and Idenirfy m￿lha audl of curwNk can be tmproved.
DNersity our core offer
A feasibilty $ludy of diverslficatim and gro%•th op1K￿5 w85 undErtaken in Febnjary 2024 and 1$ tyJrrerl
being considered.
Be ambitlous and innovaUv8 irb our Indusmty agenda
Equalty and Dlversily training i% mandatory and 15 a sel agenda item at ￿1 regular ffleetings. E& D spedallst
trainers have been appoinled can better engage with deafthard of hearing carers. The office spaces have
been fully renovaledto ensure those wllh mobilityand si￿1 and hearing Ios5 can betteru$elhets¢il￿e5. Proactwe
marketing to recmit Slafflorers and pan81 membets dwerse o)mmunthe5 is ongciry, as is the invO￿eMert
in VarR￿S local and regpjnal events $uch a5 Pride and LGBT groups.
StratEgic ￿rns for 2025-2026-
These wlll be expanded UPDn atthe Ch8rty5 strateg￿ Away Day Pl￿ned for Ljler in the yearand WJJ upon
Ihose li8ted above.

THE FOSTER CARE CHARITY
TRUSTEES, REPORT ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
StrucbJre. governanGe and mènagernent
The charity is 8 company Ilmlkd by gvaranlee and L8 governed by its articles of association.
The Irusiees. who are alsD the direclor5 for ihe purpose ol coffpany law. and who served during the penod and
up lo the date of S￿nature oflhe fin8n¢ial statements were-.
Mr B J N O'connoll
M5 P M Chinneck
Mr S EgÈrton
Ms D Jackman
MrKJMonk
Mr J Tud9e
Ms E Hullon
(Appointed 9 November 20221
IAppoinled 9 November 20221
IAppoinled 1 Ociobpr 20221
(Appointed l OGiober 20221
(Appoinled 9 November 20221
(Appoinled 9 November 20221
IAppolnled 9 November 2022 and r85igned 13 Seplernber 20231
The Board currently compri%5 Ihe following Ttustee5'.
Brian O'connell. Chaiman oflhe BDard
Brian is a consvltyng So￿rAt¢r foi a large 5dicilor's firm bè5e(S in Vvorceslershire. He has alsa Sal a5 a Daputy
DislAcl Judge forover 20 year5. He was 8lsu & founder rnemberofihe Worcesler Duty Soli¢iior Schemt.
Jerry Tudge- Tntstee and Mce Chair
Jerry is a Qu￿1r1ed Buildlng Surveyor and frx-fosler ¢arer (with 14 Yea￿ of experien￿ of fosleringl with wo
experience in ihe PriV21e, NHS Local Govvnmenl s8ctots. J8rry ha5 previously been a membpr and
Chair Df both the WeL4h and English Fostering P8nels.
ANhough now rellre¢. Jerry was previously the Principal Bulding Suryeyor forWorces12rshlr8 County Council.
Ken Monk- Tru51ee and C4)mpany Secrelary
Most of Ken's bng worklng life has been sp8nl in education. te8th￿￿ Eng55h up to Advanced Lovel. In thi5
tounty and the U.SA Ken has 8150 been invdved in our Engllsh Foslering Pand frjr some year5.
Palricia Chinneck- Truslee
Pai come5 from an adminislrèlion backgr¢)und speTri¢¥erts9Trtyygars w0￿￿j In social cwe for8 ChihJr8n
V411h Th5abifi1￿S Team, whith ha5 9Sven her a good (nsiyht In respecl lo child dÈ¥Èiopmenl and Ihe suppori Iney
eed.
DorTh Jackman- Tntsieo
Donna has over 35 years of experienBe as a stralegit and operat￿n31 lèader In the fipld of Chiklren and Fami
Semces. Donna spent Tnanyyears wtrkiny willi union5, 3rd sectsf cofflfflunily organisalh)ns. NsPcfJAc￿cK for
ChitOrenlAdoption Agenoes, and fflore rgcendy 5UPpO1t￿ young leenage mothers within a molhw and b
support uniL
Simon E9erton-TNslee
Simon wrted lor many year8 as a Oirecth for Clarke Roxburgh Ilnsurancel anrf became a Fdlow of the
Chartered Insurance InstilulE and Chartered Insurance Bioker. Sirnon was appoinlpd a Magistrate in 2005 and
continues kn sit predumin31ely in Farnily Court and SENed as ChaiFtnan DI the berKh Ifom 201&2022. Simon
previeu51y a Tnemberof Malvern Pli115 Rwnd TabJ& 1983-2000. Memb8rof Plalvetn knigh1¥ Club (Ex Round
Table). and Memberof Ca￿all Rotary Club.

THE FOSTER CARE CHARITY
TRUSTEES, REPORT ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
Senior LEad8rshlp Mana9em8llt structure
The Head Orr1￿ ef FCC ￿ based In Malvern, WurEe51ershire and el(ecliv8ly ha5 over5iyhl fDr all the corngany
aclivtses,. our 8usines5 Support. Finance and Human Resources sialfare based in Malvern4nd ourSeniorLeader5hip
Team rneolhgs an¢J quartortyquality as5ur8nce meetings ar2 a150 held al thi5 office.
Our Senior Lead2rship Team compri5e5 01.._
Sumerjil Ram- CEO
Steve F￿ld. Direcior or Child Caie
Barbara Bull- DCEO and Heaa ofHum8n Resources
Sam8nlha Willi3rns- Head of 8usine5s Support SeMce5 and IT
Sfatèment of Trustee5' responsibilitie5
The Iruslees. whoare alsolhedireclors of The FoslerCBre Charity lor the purpose olcofflpany law, are re5PDll5ible
for preparing the Truslees, Repori and finallcial sialemen15 in a¢cordan¢e wllh appllcable law and Unlled
Kingdom Accounting St8ndards Ivniled Kingdom Generally Aecepted Accounlifig Practicel
Company Law requires the trustees 10 prepa￿ financial sialemenls for each finartial year which 9ve a vue and
fair vlew of Ihe 51ale ol affair$ ol the charity and ol Ihe resources and applScalK)n of resources, irtcludirvj
Ihe income arid expendilure, ol Ihe ch8rilable company for Ihal perfod.
In prep8rin9 these financlal $klemen15, Ihe Iruslee5 are r8quired to:
select suitatle accounting p￿l¢le$ and Ihen aprAy them consis18nlly,
- observe th& rnethods and principle5 in the Charities SORP;
- make judgement5 and esumales that are reasonable an¢J prudent.,
stalè whether appllcable UK A£counling Slan¢Jards have been fouowed. subject lo any malerial dpparturqs
disclosed and explained in the ffnancial slatements., and
- prepare the financial slalemenls on the golng concem basis unle55 i¢15 Inappropriate to presume Ihat the
ch8nly will cenlinue in operalion.
The Irustees are responsible for keeping adeguak aEcountirvJ records that disclose with reasonable a¢curaw al
any b.me Ihe financial po￿￿On of the charrty and enable them 10 ensu￿ Ihal Ihe financial statements comply wtih
the Companie5 Act 2006. They are 81so responstbje for safeguarding Ihe assé19 ollhe charily and hence for laking
reasonable steps for Ihe prevenuthi and deleclion af Ira￿1 and other Irregularftie5.
Audllor
In accotdance the eomp8nW5 arbdes. 8 re501Jlion kYOP05ing Ihat bE re8ppoinled as auditor of the cornpany
will be put at a GenE￿ Meeting.
The Trustees. report wa
approved by the
ofT
es and signed on I￿1r beh31f by..
Mr B J N O'connell
Oale".
g?Iky-

THE FOSTER CARE CHARITY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE FOSTER CARE CHARITY
Oplnlon
We have audited the financial statements of The Fosier Care Charity Ilhe'parenl chari18ble company'l 2nd ils
subsidiary Ilhe 'sroup'l for the pericKI ended 31 March 2024 whiGh cgfflpri58 the Consolidated Statement of
nancial Aclivilie5. the Consolidated Balance Sheet. the Consolidaled Slalement of Cash Flow5 and reL71ed
notes to the financial stalemenls. including significani accounting policies. Thp financial reporfing framework
Ihai hzs been applied in Iheir prepaiation 15 applicable lawand United KingdornAccounling Slandards, in¢luding
Financial Reporting Standard 102 The Fin2ncial Reporting Sland2rd applicable in the UK and Republic of
I￿land Iuniled Kingdom Generally Arcepled Accounllng Pra¢tirel.
In our oplnion. th& financk41 slalemenls-.
give a true and fair ￿￿dw of the 51ale of th8 group and IhE parent tharilable comp8ny'¥ affairs as al 31
March 2024 and of Its SnGomlTFg resources and appts'Galion of resources, fur Ihe per￿d ihen ended,.
have been propedy prepared in accordance United KiNJdom Generally Acrepted Accwnling
PraGlice.' ano
have been prepared in accoidance WI￿ the rwuments of the Cempanies Act 2CQ6 and the Ch8riUes
AG12011.
B2515 for oplnion
We Conducted our audlt in acccrdanee with Inlemalb?n81 s*ndards on Audiiing IUKI IISAS (UKII and apF1iCa￿e
law. Our ￿SpOnsibl11118s under those standards 8re fw1herde5cri￿ in the Auditor's responsiknlilie5 fcr the audit ol
the financial statements sedion ofour report. We a￿ independent of the group and the tharity in aCC￿danCe
Ihe ethical requiremenls that are relevant ID aur audit of Ihe fin8ncKg1 Statements in ihe UK. incluoing the FRC'5
Elhral Standard. and we have fuhllled eurolherelhi¢al ie5pons1bilrt*s In acc￿danCe wlh knese requiremèn15. We
bdieve Ihal th8 a￿11 evidence we have obtained is suffic*nt arwj approwaie lo prowde a b8sls forouroplnlon.
Concltssions relatlng to golng concern
In aud￿ng the financial skteTnenis, we have conduded tha¢ Ihe Tru5tees' use of Ihp going ba￿8 of
accounting h the preparaifon of Lhe finanual staten*nts ts appropriate.
Based cn the wotk we h4ve performed. we have not identified any ma18ri21 uncértaintie5 relabng io events or
ditions Ihal, Indrvidualy or cdI8￿¥￿y, may r2stsignifi12nt doubt on the tharity'5 aLH'lity to conb'nue as a gohg
concern for a period of 81 leasl twelve ffK)nlh$ fffjm Wdhen the fmanrial stalemenLs are aJlhorised fori%sue.
Our responsibilities the ￿￿nsIbIlitieS ol Ihe trustees Mlh respect to golng concwn are tlescribBd In th8
re￿vant sethons of this ieport.
Othgr InformatÉon
The other inft)rmalion comprises Ihe irtsrnalion inctuded in ihE aiwual r8POrt ether Ihan Ihe finanGial stsleThnts
anc5 otsr auditorfs report Ihtteon. The Irusiees are re5ponsibte ￿ the other inlormalion contained Wnhin Ihe annual
report. Our opinion on the fina￿claI slalernents does not cover the other inforrnation and we do nol ￿presS 8ny
fom of assurance conduslon thereon. Our r￿ponsibl11fy 15 to read Ihe 0lherinfoTrn3lion and, in d￿n9 so, consKSer
whelher the olhÈr inforrnation u8 mate￿al￿ Incon5151enl wilh Ihe financid stalerrents or our knowledge obtained in
the CDuf5eof the audit. tr01herv￿Se appp3rs lo be materially misstatpd. Ifweidenlify such matefval 1ncvnsi51enc￿S
LYopparenl malerlal rnlsslaieTnen15, we are required eo delerm¥ie ¥*hetherlhis ￿ve$ riseloa rnalerial mi5slalement
in the fin4naal slatuynenls themselves. If. based on tre work we have perforrned. we condud8 that Ihere
lerial mKsStatement of this olherinfomialltJn. we are required to rewAt that fact.
We have noth￿g to report in th15 regard.

THE FOSTER CARE CHARITY
INDEPENDENT AUDITOR'S REPORT ICONTINUEDI
TO THE TRUSTEES OF THE FOSTER CARE CHARITY
Matters on wthich we are requlred to rèportby excepttun
We have nothing lo report in rpspeci of the following awllers in relabon ID which the Charili¢s (Accounls and
Reports) Regul?lions 2008 require us lo report lo you if. in 0uropln￿n'.
the infcrmalion gwen in Ihe financial slalements is incon51slenl ifi any rnaterial respeciwith Iru51ee5'
report., or
sufficieni accounting recoros have nDt been kÈpl.- ur
the parent thahiable Gornpany's financial staletnents are not in ogreemenl with aGrounling records.,
or
we have not received all the Informal￿n and 8xplanaVDns we requi￿ for ouraudil.
Re5pon51bllltie5 of tnJstÈe5
As explained more fulty in the slalemenl of Trustees, re5ponsibililres, Ihe tru51ees, who are a150 the dIre￿or5 of
the charity for Ihe purpose of company bw. are responsible forthe preparabon oflht fnanoal 51alements andfor
being satisfied that ihey give a true and far view. and for such intern81 control 05 the Ifuslees d2lermine is
necessary lo enablÈ the wepardtion offinanrA81 ststemenls that are free from tn31erial mi551alemeni. whether due
trj traud or error. In weparing the financial stslemenls. the Iruslees 8re reswnsible lor assessing the chanvs
abl￿ty lo contlnue as 8 going concern, di%dosifjg. as applicable, mauers ielaled to go(ThJ con¢em and using Ihe
going concern basis ofaccounling unless Ihetruslee5 eilherin18nd lo INuidalethe charitablE company orl¢itea5e
operations. or have no reali51K allernaiive bulto do so.
Audltoes responsibrlities for the audit of the fmancial stalements
We have been appointed 8s av(lilor under section 144 of the Ch8riUes Act 2011 aTrJ repctt In arGordance vAlh
Ihe Act and relev4nl regulations made orhaving etrecl thereunder.
Our otlectNes are to obtain re8son8tAe a55urance abDuI whether the financial sl8lemÈnls a5 a whole are freE
frorn rnaierial mis51alemÈnt.whelher dup ID fraud orerror, alldto Issue an au￿110￿$ r8POftlhai includes ouropinion.
Reasonable assurance 15 a high level of assurance but is not 8 guaontee ihat an 8udil conduGled in accurdance
wilh ISAS IVKI wll always delect a material missialemenl when il Bxists. Mi%slaleTnents can arise from fraud or
errorand areconsideredrnalerialif. indiwduallyorinlhe aggresale. Iheycoddreasona￿Y be8ApeGtsd lo inllue￿e
the econoTni¢ d8cislc)ns of users taken rn Ihe ba515 of ihese financial slalements.
The exlenl to which ow pro￿OUrES are cap*)k of delecung ilregukrit"￿, includiro fraud, Is detailed bel￿¥.
Based on our understanding of company. we identified the principal risks of non-cornplianc£ with laws and
ragulalions Induding Ih05e Ihal ha¥2 a direcl impacl on Ihe preparation of the financlal Slalemenls such as the
Companle5 Act 2006. and Ihe extent lo which non-complianre might have a material effect on the financial
51aiemen15. Audit procedures performed included discusslon5 with man89emenl. review of board meeting
minutes. testing of journals. designing and perfoming audit pTocedure5 and challenging a55umplion$ and
judgements made by management In telation to accounbng estimates.
There are inherent limilations in the audit proce¢ure5 descrfbÈd above. We ale ￿55 likely io bpcome aware of
In5tsnces of non-compli8nep with laws and regulations Ihal a￿ not closely relaled to ev&nt5 and Iran5aclK)ll5
renecled in Ihg finandal Stslemenls. A50, the risk of nDtdetecling a material misstaiementduelo fraud is higher
than the risk of not detecting one resulting from etror. zs fraud m3y involve deliberate wncealmenl by, for
exatnpfe. forgery or intentional ffu5represenlatton5. orthrough Gol*Jsion.
A further description ofour raspvnsibililies is available on thE Financial Reporting Council's website at..
htWs.'Ilwww.frc.org.ukJauditorsre5ponsibilitYds. Th￿ description fo￿5 part of auraudilorfs reporL

THE FOSTER CARE CHARITY
INDEPENDENT AUDITOR'S REPORT ICONTINUEDI
TO THE TRUSTEES OF THE FOSTER CARE CHARITY
Use of our repDrt
Thi5 report is Tnade lo the charivs Iw51e85. 88 a body. in accoTdance with part4 oflhe Charities (Accounts
and Reports) Regulations 2008. Ouraudilwoth has been undertaken SD thalwe might S￿le to the chan1￿$ trusiees
those mttter5 we are required to slate lo them in an aLklil0rf5 report and for no other Pufpose. To the fulle51 exlenl
permitted by law, we do not accept or 355urne responsibility lo anyone olher Ih2n the ¢harity and the ch8rity's
trustee5 as a ￿dy. for our ￿([11 WLYk, lor Ih18 repDrL the opinw)n$ we have foimed.
Colm MeGrory FCA (Senior Statutory Auditor)
for and on behalf of Ormerod Rtslter Limited
../s../.J.L'.¥.f
Chartered Accountants
Statutory Avdltor
Ormerod Ruller Limited
Chart8red Accounlan
The Oakloy
KR1dermi￿ter Road
Drai￿
Worcestershire
10

THE FOSTER CARE CHARITY
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNTI
FOR THE PERIOD EAIDED 31 MARCH 2024
Not85
Unr•5frt¢ted
tund$
2024
Inc
me and endowmonts from:
Donations and grants
Charitable actiwties
Investments
Other Income
Transfer of nel assèts
frDrn subsidiary
3,460,443
2,716,761
29,421
450
1.￿5,959
23
Total In¢ome
7,303.034
endlture on..
Raising fund5
charitab￿ acliviti8S
3,865
2,720.957
Total *xp6ndlture
2,724.822
Nel gainslllo55esl on investments
13
46.954
Nel incomè and movemevtin funds
4,625.166
Roeonciliotron of fund5'.
Fund balances al g November2022
Fund balan¢es at 31 March 2024
4.625.166
The Con501KlaleLI SlalementafFinanckl Adivities nd￿8$ all galns and losses recogni5Ed in the perlod. Nl income
and expendilure derive frotn continuing a¢bv5￿8S.
The Slalernent ofFinanoal Adnritie5 also coftWie5 ￿1th ffte requiremenrs foran irKome arKI expenilith a¢counl uTrJer
the Corrpanres Act 2006.

THE FOSTER CARE CHARITY
CONSOLIDATED BAL4NCE SHEET
ASA T31 MARCH 2024
2024
Notes
Flxed Assets
Tangible 855BIs
Inveslrnen15
15
16
600.101
1.241.026
1.841.127
Current assèts
Debtors
Cash al bank and in hand
17
910,491
2.010.239
2,920,730
Creditors.. amounts falllng due wlthln one
year
18
1136.6911
Nel current assels
2.784.039
Total as$gts less current Ilabilltles
4 625,166
Total net assets
4 625.166
Charity lunds
Unrestricted funds
4.625,166
Total funds
4,625,166
Thfy cornpany is enlllled tolhe exemption frorn Ihe audil requirement coniained ￿ 5ecllon 477 of the Companie5
Act 2006, for the period ended 31 Marth 2024, although an audit ha5 been Garried out under $e¢iiffi 144 ofthe
Charities Acl 2011_
The trustees aCkn￿edge Ihelr respon5bililies foreomptying with the r8qulremenls ofthe Companles Ac12006
Wdh respect to accounting records and the preparalion of financlal staiÈrneni$.
The Iruslees have not requ5red Ihe Cotnpanylc obtain an auditor rt5 financKI statements underlhe requirernenl$
of the Companies Act 2Q06. forthe period in west￿n in accordance v4ith section 476.
These financial slalements have been pFeparBd in accordance
subje¢t lo the srnall comparMe$ ￿￿{Me.
'Ih tho provisions aFpllcable lo compan￿8
Thp financyal slalements were approved
the Truste
.and signed on th￿r behaN by.
Mr B J N O'connell
Truslee
CompaThy regi%rration numb¢r 14472135 IEng18nd and Wales)
12

THE FOSTER CARE CHARITY
COMPANY BALANCE SHEET
AS AT31 IAARCH 2024
2024
Nott$
Fixed Ass¢ts
Tan9lble assets
Investhgnis
36295
1241.026
16
1,277,321
Currant assets
02biors
C85h 3t bank and in hand
17
910,491
1472 868
2.383.359
CredStor%- arnounls I￿lIn￿ du• wmhln one
y•ar
1131.4731
Nel curyent assets
2.251.8B6
Totsl assets l*ss current 1Sabllitl¢s
3 529.207
Net asset$ excludlng ￿n$1¢•N IlabFIIty
3,529.207
Th• fvnfls ol the charity
￿n￿StriCted lun¢Ys
3 529.207
Tolal fund5
3529.207
The company is enliued lo Ihe exemplion from the atJdil requirement ¢onta ned in seclion 477 01 Ihe Companies
Act 2006. lor th2 period ended 21 March 2024. although an audit has been caiiied oul under s¢Gbon 344 of the
Chariires Acl 2011.
The trusiees ad(ncthledge'theii respo￿¢bIli11eS for Comp￿.ng with the requiremenls ofthe Companles Act 2006
th respect lo accountin9 re¢wds and the preparation olfinanc¥al staièmenl5.
The trustees have nol required Ihe companyto oblaln an audit oits finan¢K41 slalement5 underlhe requkemenls
of Ihe Comparues Act 2C¢6. ts Ihe perrod in qu•sbon in accordanco s8Ct*on 476.
These finan¢ial 51alements have been prepared in a¢￿rdance
subject to Iho srnall comparries regirr*.
Ihe wovlsions appllcabfe io rnThyanie8
The fin8nc¢al $t8temenls approved
the Twste
..8nd 51gned or) Iheir beh311 by.
Mr B J N O'connell
Trustee
Company regrstratiw numbtr 14472135 IEn*nd and W•h51
13

THE FOSTER CARE CHARITY
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 MARCH 2024
Notes
2024
Cash flows from operaling actrvities
C85h generated fromllab50rbed by) operations
2.691,154
Investing actl¥rt￿5
Purchase of tangible fixed assels
Purchase of inve5tmenis iangible fixpd asset5
Investment income re￿1Ve￿
19,8451
1643,8061
46.954
Net cash used in investlng a¢tivtfSes
1680,9151
Net Gash used in ftnancln9 activities
Net increase in cash and eash equivaleThts
2,010,239
Cash and Cash equi¥alenlS ai beginning of penod
ash and cash equivalents at ond of perlod
2 010.239
14

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR fHE PERIOD ENDED 31 MARCH 2024
Accounttng policles
Charity Infcrrnation
The Foster Care Ch8rity ￿ a ptlvaie comp8ny linited by guaianlee incorporated in Engtsnd and Wales.
registered off￿e 15 Penny Hall. The Haysfj81d, Swng Lane North. Malvern, worces￿[shirP. WR14 1GF.
1.1 Accounting ¢onventlon
Thp financial statements have been wepared in accordance wilh the charivs guverning dLKurnenl, the
C¢mpani85 Aci 2006, FRS 102 YhÈ Fin3ncial Re￿￿n9 Standard applic8ble In IhÈ UK and Republic or
I￿￿nd. I'FRS 102.1 and Ihe Charities SORP 'AccouniMig and Reporting by Ch4rilie5-. Stslemenl of
Recornmended Prattt￿e Hpplic?b18 lo chanties preparing their accoullls in acc¢Kdanco ￿1h the FinanGrdl
Reporting Standard appI￿8ble in Ihe UK and Republi¢ of lidand IFRS 1021" leffedbve 1 January 20191 The
harily is a Pubi￿ Benefil Entily as (kfined by FRS 10
The financial stalemenls cDn501￿3lp Ihe resuks ol the ¢harity and ils wholty owned Subsidiary. The F051er
Care Property Cornpany Lmnlled. on a line by Ine basis. TTan5aclions and ba18nces bpiween the charity and
lis subsidiary have bepn Eliminated from the corffjolhlated finan¢MIl 51aternenl5.
The fin￿Cial st8temenlS are prepaied in slerfing, wh￿￿ Is Ihe ftjnthal CUFrerKy of thè chartiy. Monelary
amounts in these financrdl 51alerrEnts are ioun(led lo the nearest £.The fin4ncial slaiements are prepared
In sterling. which is the functional currency of the charity. Monelary amounts h th¢50 finanual siaiemenls
8Te rounded lo the nearest £.
The financKal slalernents have been wepared und8r the hIS￿riCal ¢05t xffivenlion, moJified 10 inchJd8
certatn financlal Instruments al fair value. The principal ac¢ounllng poIKies adopted are $et uvl below.
1.2 Golng ¢oncerTh
At Ihe lime ofappmwng the financL91 $laleThents, Ihe tr￿Stee5 have a reaSOna￿e expetlabon Ihatlhe group
ha$ a(kquale resources lo confrnue in oper4lional existence for the foreseeable future. Thus, the Irusl
continue to adopt Ihe going concern basis of accounting in preparing the financial stalemenL8.
1.3 Charitable funds
Unreslricled funds are available for use at the distretK)n of the trustetrs in lurtherance cf Iheir charilable
objecbves.
Restrict￿ fuTrJs are subi8Ct lo specific ￿ndIt￿lnS by donor5 or 9ranlor5 as to how IW L* used. The
purpose5 8nd ￿e$ oflhe restricted frjnds are set out in notes lo the fwanria stalements.
1A In¢ome
In¢om818 reeognlsed when the charity 15 legaly ents"Iled lo il after any perf0rrnan￿ condthons have been
mel. the amounts can be measured relabty. aThl it is probabk that income will be recenied.
Cash donations arerecogni8ed onreC￿pt. Otherok)nalons are recognlsed oncethe Cha￿tyhaS been nour￿0.
of the donation. unless perftymarKe condittons requwe deferral of the atnount IrKoffle lax reeoveralAe in
relation lo donations received under Grfl￿d or deed5 of covenant is recoonised at the lime of the donation.
Legacies a￿ Tecognisad on re￿Ipt or ethemse rf the tharity has been nolified of an impendiNJ
distribution. the amount is known. and receipt is èxpected. If th&amount 6 nDlknown. Ihelegatyls treated
as a contingent ass¢L
15

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
1.5 Expendlture
Exp￿dItUre is recognised once Ihere 15 2 le9￿ or constructive obllgalSon lo transfer econom1¢ benefrt lo
a third pariy, il Is probable Ihal a transfer ol economic benefits will be requ￿ed In $ellletnenL and the
arnounl of the obligaiion can be measured rellabjy.
Expenditur8 is clasgfied by aclivily. The costs of each aGlivily are made up of the 10181 of ￿1￿Cte0$t$ and
sharEd c051s. inc￿dIng sVPPQrt costs involved in undertaking each aclivity. Direct costs atlribulable lo a
single activity are allocaled (fireclly lo Ihalaclivily. Shared c05ts which conlribute lo more Ihan one8clivily
and support costs which are not ambulable lo a single aclfvily are apportioned be￿een Ih05e acfivibes
on a basis consislenl wilh the use of resources. Centr81 $18ft cosls are allocated cn ihe b8st5 of lime
spent, and depreciation charges 8rÈ allocaled on the porfion of the assei'g use.
Costs of raising funds are ihosÈ costs incurred in generalng voluntary inGome. and those costs irKuired
in trading acllvllie5 Ihal r315e funds.
Expenditure on charitable aclivilie5 includes costs Incurred on opeolions in line with charitable alms and
objectives and their associalEd 5UPPQrt afid governanc8 costs.
Support costs a￿ Ih05e costs incurred dire2Uy in 5UPPert of expendiiure on IhE objects of the company
arvj indude projeGt management.
Govemance cosls are Ihose costs associaled wilh me81ing the ctsn51itsdional and Statutory requirem8nts
and include any cos15 associated ￿th the 51ralegr management of tharity.
1.6 Tanglble fixed 4559ts
Tangible fixed 88sels are IniThalty rneasured al cost and 5ub5equenlly'me85ured al cost or valuation. net
ofdepreoalion and any Impairment105se&
Deprech81ion is recogni5ed so as le wriie off Ihp co51 or valua140n ol assels less Iheir ￿S1￿Ul values
over Iheir useful lives on Ihe fDHowing bas8S-.
FTeehDld property
Fixtures and frtlings
CoNiputer equipmenl
20% on wsl or25% reducing balatice
33'A straght ￿ne
The gain CK loss arising on the disposal of an assel Is determined as the difference betsveen the sak
proceeds and the carrying value of the 355el and is recognised in Ihe Slaternent of financial acliwlies.
1.7 Flxed asset lThvestments
Fixed asset InveslTnen15 are initially measure(l at trdnsadion pryce excluding transaction costs and are
subsequently measured al fair value al each rEPOrting date. Ch3nge5 in fair value are reccgThsed in net
incornell8xp8ndi￿reI for the year. Transaction costs are expgns8d as incurred.
1.8 Impairment of fixed assÈt$
At each repor￿n9 end dale. the Gharity reviews the carrying amouats of 115 langible a55els io detettniie
¥vhÈther IheTr is any indication that those a55ets have suffered an Impalment knss. If any such 1ndkat￿n
exists, Ihe recoverable am¢untof the assel is e5tinated in order lod8terrnine IheeKtentoflhE Impairment
Icss (if any).
16

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
1.9 Cash and cash equivaleThts
Cash aD(J cash equivalen15 include cash in hand, deposi15 he￿ al c811 wllh banks. other short-lem Ilquid
ve$tmenls with original maturilie5 ol three months or te55. and bank ovÈrdraft5. 8ank overdrafts are
shown within borrowings in current li3bili11g5.
1.10 Finantial inslrum2nts
The charity has elecled lo apply the provislons of Sedon 11 'Ba5ic Financial Instrumenis, and Sectlon
12'01her Financial In51rumenls IssuÈs' of FRS 102 le all af it5 financial insliuments.
Financial instrwnenls are recogni5ed in Ihe charily'5 baance sheel when tho charfty beu)mes party lo
the conlraelual provksions ofih8 in51rurnenl.
Fh)ancial a55els and liabifilles are offset. %vilh the nel amaun15 presented in the financial 51alemenls, when
there is a legally enforceable right lo set off the recognisetl arnoun15 and Ihere 1$ an inlenlion lo setue on
net basis or lo realise the assel and sÈllk Ihe liabllly slmuiianet>U51y.
Basic financial assets
Bosic financlHI asseis. whlch include debtors and cash and bank balance5. 8re initially measured at
transaclN)n price induding Iran$8¢1ion costs and are $ubsequenlty carried at amortiyed c051 using the
effeclive interesi rnelhod unless the arraTrJemenl con51itule5 a financin9 Irans3clion, wher? the
Irans3ctiDn is measured ai the present value of Ihe future reGeipts discounted ata market rate of interest
Fjnancial &5se15 Cl￿SIfied a5 receivable vAthin one year are not amorti5ed.
Bèsic finanGialli8bilitsr$
Basle financi81 liabilities, including crÈdtlors and bank loan5 are initially recognised ai transaction pri
Un￿$5 the arrangement wn5titules a finanring transaction, where the debtinslrutnenl 15 rneasured atlhe
present value of the lulure payments discounted al a market fate of interest. Finantial I￿abIlitIeS classified
as payable within one year are nol amortised.
Debt insirum8nl$ ere wJbsequeniiy Carried al amortised ¢05t. U￿n9 the effeclNe inlgr85t rale malhod.
Trade creditors 8rE Obl￿allOnS lo pay fvrsoods orseNi¢es Ihathave been 8¢guired in 1he0rd￿8ryctr￿rSe
of op8ration5 from suppliers. Amounts payable are classified as ¢urienl liabilities if payment is due Wilhin
one ye8rorles5. If not. they arepreseniedas nun-currenl liabilities. Tradecredilors are recognisedinilial
at transaction price and sub$equenlty measured Ht amorlised cost uslng the effeC1￿e interest fflelhod.
Dereeo9nltlon off fin4n¢lal Ilabiljties
Flnancial liabilthe$ are derecognised when Ihe conlraclual obligallon$ expire orare dlscharged
or cancelled.
1.11 Employee benefits
The G051 ofany unu58d holiday ￿lIuernent is recogni5ed in the period in wh￿h the employee's servic
are ieceived.
Temiinalion benefits Hre recognised immediately as an eX￿nSe when Ihe charity is demcfistrab
comrnitteLS to lerminale the employmenl of an employee orto wovide lerrnlnati￿ benefi15.
1.12 RetlremeTht benefits
Payfflen15 lo defined conln"bubon re1lrementbe￿fttSChe￿es are charged as an expense as Iheyfall due.
17

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
1.13 Leases
Renlak payable under operatin9 le8ses, including 8ny ￿aSe incEnlive5 reo?i¥ed. ère chargeLI as an
expense on a sttaighl basis over the lerm of the relevant lease.
1.14 Invesfment income
Inve51meni Incatne15 accounted for on an accrua15 basis.
Critical aceountin9 95hmate5 and judgements
In the application Df the Gh8rily'5 accounting policies. the Iru5tees are required lo make juOgemenl5.
esiimaies and assumptions about Ihp ¢arrying amDunl of a55els and liabilibes that are not readily
appyrenl from oiher 50vrces. The e5timate5 and associated assumptions are based on hislorical
experience and other fac￿r$ that are considerÈd to be relevant. Actual results may differ trom these
estimates.
The eslimale$ and underlying as5umplion5 are revsewed on an ongoing basis Revi5iDn5 to atrovntinll
esiimaies are recogni$ed In the period h which the estimate is revised where Ihe revision affects only
th81 period, or in the period of thÈ reV￿￿)n anrt fvlure periods where the revision affect5 both current and
fijture periods.
18

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
3 Donatlons and grant5
Unrestrlcted
funds
2024
Donatron$ frorn The Fester Care Co-OpÈralive Limiled
3,460.443
As of 1 October 2023, the trade, asséts and all liabilities of 'The Foster Care Co-Ot*rative Lirritled,
Icfjfflpany no. 03e612131 were transferred lo the charity. The Ii)tsl value of the donatiens made lo The
Foster Care Charity during this financial year was £3.460,443.
4 Ineome from charitable aeti¥itlèS
Unrestricted
funds
2024
Foslerc8re placements
2.716.761
5 Incomt from inve5trnpnt3
Unrestrfcted
bjnds
2024
Dividend incorne
Bank interest reCe￿Vable
Porwollo lfive51menl income ￿Ceivable
3.842
B.500
17.079
29.421
6 Other Income
Ullr25trfct•d
fund$
2024
Compensation
450
79

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR fHE PERIOD ENDED 31 MARCH 2024
7 Expendltur¢ on raising funds
Unrpslricted
2024
Invgslrnenl managernenl fee5
3,865
8 Expenditure ￿ charitable ortivitie5
Acfivity
2024
Dlrect cos¢5
Staff costs
Other 5taft costs
Foslenng costs aThJ all¢)wan¢es
Carer payments
Management le¥y
Panel and reviews
Professional expense5
Support group$
Training
Subscriptian5
463.589
19,205
1,526,128
4.592
22,042
2.006
3,135
20,974
18.107
2.090.953
Share ol support and govern4nc8 COSts152e noto 91
Suppori
Govemance
616.277
13.727
2.720.957
Anatysls by fund
UnreslriGIEd funds
2.720.957

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
Support costs allocated te actlvlU85
2024
Slaff Costs
Depreciation
Support staff c0515
Leased ¢ars
Premises C0515
IT costs
profes￿onal fees
Insurance
Mafkeung
Bank charges
Mi%cellanecu5
Governance costs
397,846
12,122
11.200
11.346
45.158
28.918
11.847
13.460
48,586
919
36,e75
13.727
630,004
2024
Governance costs cornprlse-.
Travel
Baard meellng f05ts
Audit fees
GEneral governance cos15
57
1.622
6.720
5.328
13.721
10 Net movement In funds
2024
The n81 movement In funds is stated artercharyinglleredit(ngl'.
Fe8s payable for the audit of the charity's fin8rtciI 51atemenl$
Deprecialion of owned tangible fixed assets
6.720
12.122
11 Trustees
None of th2 tru5tee5 lorany persons (xnn8Cted v*lh Ihetnl rgc8ived any remuneratlon dunng the period.
7 trustee5 were relrnbutsed a Iotsi of £1,782 relating 10 board m8tst￿g ¥xpen5es. 1 wa5 reimbutse¢J £13
for genÈral trav811ing expenses and I wa8 relmbur5ed £848 forpanel & review costs.
21

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
12 Employees
The average monlhly number ol employee5 during ihe period was..
2024
Number
Group & rharity
37
Employment costs
2Q24
Wages and saaries
Social se¢urity costs
Other ￿nsIOn costs
720,157
64,620
861.425
During the period, the tharity made redundancy 8nd lerminalion p3yrnenls arnwnling10£17.683wilh
r?5pecl lo 2 individual case5.
There were no ¢tnploy9es Kth05e annual remuneration was more than £60,000.
Remuneration of key management personnel
Key rnanagomenl remuneralion linduding employer pension GD5t51 in the period lotalled t200,437.
13 Gains losses ort investments
Unr25tricted
Funds
2024
Gain$lllosse51 arising on..
Revaluation ef inwestrnents
46.954
14 Taxatlon
The tharily is emempt fiorn taxabe￿ ￿ 115 acti¥thes becau58 all its inceme is applied knr ¢haritable
rp05e5.

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
15 Tangible fixed assets - Group
Fpeehold
propèrty
CornpU￿r
ryulpment
fitt1nys
Cosl
Additions
Transfers in
Acquired on awuisilion
9.845
13,553
7,490
9.845
38.572
583.606
25,019
556,316
Ai 31 March 2024
556,316
30,888
2S,019
612.223
Depre¢latlon and impalrmgnt
Depreciation charge in the period
2.819
9,303
12.122
At 21 March 2024
2,819
5,303
12,122
Carrying amount
Al 31 March 2024
556,316
28,Q69
15,716
600.101
Tangible fixed a$set$- Charity
FIKtLW
Compu*er
Cost
Adrjiticns
Trnnsfers in
9.848
13,553
9.845
38,572
25.019
At 31.Marth 2024
23.398
25,019
48,417
Depreciatlon and impaimient
Dep￿cIat￿n charge in the period
2,819
9,303
12.122
At 31 March 2024
2.819
9.303
Carying amount
Al 31 March 2024
20.579
36,2
-23-

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
16
Fixed a5sef investrnents
Li5tod
Inve5tment5
Group & Charlty
Cost or valuation
Addillons
Valuation changes
Transfers in
Income reinvesled net of c051s
Reclassification of bank funds
Al 31 March 2024
1.000,OOU
46.954
208.076
25.127
1.241,026
arrying arnount
Al 31 March 2024
1.241.026
17
Debtor5
Gioup
2024
Charity
2024
Amount5 falllrsg duo wtthin oho year
Trade Oeblors
Other debtor$
Prepayff*nis and 3cGnJed Incom8
845.289
9,206
55,996
919.491
845.289
9.206
55,996
910.491
18
Credttors
Group
2024
Charlty
2D24
Amount5 falllng due wjthin one year.
Olh8r taxaiK)n and social security
Trade ¢lEdilors
Other cretsiiors
Accru415 and deferred income
Z9,278
15,030
67,772
24,613
27,238
15,030
87,T12
21,433
131,473
136.691
19
R•t5rement beneflt seheme5
Greup
2024
Charlty
2024
Doftned wntr¢bution schemes
Charge to profit w1055 in respect of defined conlribution
scheme5
The charity operates a defin8d conlributiDn pension $chÈtne lor oll qualrfying ernployees. The 855ets or
the Scheme 8re h8ld separately from thcse ofthe Gharrty in an independently administered fund.
24-

THE FOSTER CARE CHARITY
NOTES ro THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
20 Unrestricted funds
Group
The unre51ricled funds ol the group comprise the unexpènded balances ol donation5 and bTanls whi¢h
Ère nol subject 10 specific condition5 by donor5 and granliJr5 a5 to how ihey fflay be used. These include
any designated fund5 which have been sel a51de oul ol unrestricted fund5 by the tru51ee5 for speGific
purposes.
At9
November
2022
Incoming
resources
ResoL¢rce5
expended
GaiTrs and
losses
At 31 March
2024
General funds
7,303,034
12.724,8221
46.954
4,625.166
21
Operatlrlg lease eornmltsngnts
Al the reporting end dale, rhe group had outsrarAing commilments for future mlnimum lease payments
vnder non-canc8llaU8 operallng leases. which fai due as follows..
2024
Wilhln one year
Beiween rwo and fNe ye8r5
24.028
16.217
40.245
22 Related party transactions
There w8r8 m thscbsable related party transacllon$ dtsrin9 khe period.

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
23 Subsidiarie5
A5 of 13 December2023. The Fosler Care Co-operative PrDpertie5 Limited (company number 049462761,
company limiled byguar8nlea, t¢came awholly owned subS￿￿1£ry of Ihp charity by V￿rtu? ofthe controlling
Snlpresi by The F051er Care Charity, and its resulls have been Included vnlhin the5E con5Dlidaled financlal
stztements.
The net assels acquired as of 13 Dec8mber2023 amounted to £1.095.959, fDrwhiGh no consideration was
paid.
Delai15 Of the charivs 5ub5idiary al 31 Marth 2024 are as fc4low5'.
Name of undertaklng
Reglsiered offi¢0
Nature of bLrslness
The Foster Care Property Company knmi18d Penny Hall
The Haysfield
Swng Lane North
Mafvern
Worcestershtre
WR14 1GF
Property rnanagamenl
The agwate capital an¢J reserve5 and Ihe results for the perK)d of ihe subsid1￿ is a8 l¢llows.-
PrafrUILossl
for p8ri¢)d
Caprtal and
RpsEfv05
Namo of undertaklng
The F051er Care Property Limit8d
14341
1.095.959
26

THE FOSTER CARE CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE PERIOD ENDED 31 MARCH 2024
24 Transfer ol trade and 455ets
The fair VHlue of assels transferred al 30 Seplomber 2023 from Th8 Foslw Care Cu-OperalivB Limiled
were as follows..
FalrValu¢
Property. plant and equipmenl
InvEEltnen15
Trade and other receivable5
Cash and cash equiv81ents
Trade and other payable5
Total identifiable nel 8sseis
38.571
209.309
701.917
1.269,709
165.9011
2,153,605
25 Cash generatèd from operatlons
2Q24
Surplu5 for the perK)d
4,625,166
Adjustrnen15 tr.
Investment inGome r8Gognised in stalemenl olfinancial activiif8S
Falr value gains and losses Invesimen15
Depreoaoon anLI imp8irmenl uf langiNe fixed assets
Nel 85sels ac9￿￿ed on acqulsllloTh
Movements in working capital..
Ilncfea5el in d8btors
Incr8a5e in credlars
129,4211
146,9541
12.122
11,095.9591
1910,4911
136.691
Cèsh gen8ratsd fromllabsorbed by) op¢r¥tions
2.691,154
26 Analysls of ¢hanges in ngt lund51ldetstl
The charlty and greup had no material debt during the year.
27-