Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Registered number.. 15470492 Charity number: 1209910 Maritime Children's Foundation IA company limited by guarantee) Unaudited Trustees. report and financial statements For the period ended 31 July 2025
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Contents Page Referenc• and admlnlstrntlve detalls of the Ch¥rlty, Its Trustses and advlsers Trustees. report Indop8nd8nt examln8rfs report Statement of flnanclal actlvltlos 10 Balan¢• shèet 11 Notes to tho fSnancSal statements 12-18
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Reference and administrative details of the Charity. its Trustees and advisers For the perlod ended 31 July 2025 Trustees Elaine Robinson lappoinled 7 February 20241 Donna Cusack (appointed 7 February 20241 Lucia Glynn lappoinled 10 August 20241 John Camp OBE18ppoinled 10 August 20241 Nicky Osbome lappoinled 10 August 20241 Company reglstered number 15470492 CharSty rnglst•r8d number 1209910 R•glstèr•d offl¢t Ebbslleel Green Primary School Ackers Drive Ebbsfleel DA10 1AL Accountants Kreslon Reeves LLP Chartered AccL)untants 37 Sl Margaiel's Stre61 Canlerbury Kent CT1 2TU Indopendent Examlnèr Samanlha Rouse FCCA DChA Kreslon Reeves Chartered Accouniants 37 St Margarels Slreel Canterbury Kent CT1 2TU Page 1
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Trustees. report For thè pèrlod ènd•d 31 July 2025 The Charity was incorporated on 7 February 2024. and the Trustees present their annual report together with the financial statements of the Charity for the period 7 February 2024 10 31 July 2025. The Annual report serves the wrKk)ses of both 8 Trustees, rert and 8 ¢Jireclors' report under company law. Th8 Trust8es confirm that the Annual rèport and financial statèmènts of the charitable company comply with the current siatutory requirements, the requiremenis ol the chariiable company's goveming document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Rewrtir)g Standard applicable in the UK and Republic ot Ireland IFRS1021 (effective 1 January 20191. Since the Charity qualifies as small under section 382 of the Companies Act 2006. the Strategic report required of medium and large companies under the Companies Act 26 (Strategic Report and Directors, Reporti Regulations 2013 has been omitte(J. ObjectSvg$ and a¢tivitl$s a. Pollcles and obJo¢tlv•s Maritime Children's Foundation IMCFI provides vital addili¢)nal Suwrt that disadvantaged children and families need lo thrive. Estsblished as the charitsble ami ol Maritime Academy Trust, which runs primary sch(K)Is across Greenwich, Bexley. Kenl, and Me(Iway. MCF was sel vp lo support every child lo thrive. While core education is govemment funded. the broader needs of our most vulnerable children and families, needs that must bg addressed to allow gvery child lo realise thgir potgntial. oftgn remain unmgt. We are well positioned lo meet this challenge. Through our understanding of our children and families and the trusted relationships we've built, we offer tailored support. Our mission is to design and deliver innovative, eVenc8-ba$ed programmes that empower children and families experiencing disadvantsge to achieve their full potenknal. Our support begins in the earty years, with support for parents of babie5 and toddler5 provided through our Strong Foundation programme. This ensures our youngest chIldn meet their vital development goals. Our support goes on into the primary years, wth each scho(A having a dedicated Community Ambassador. This member ol siaff is commitled to bringing our parents together lo cate peer support groups, bringing in external expertise in response to parent needs and as well as connecknng our schools to the wider community. On a Saturday, our Maritime Skills Academies offer all OUT children, regardless of income, access lo three hours of extra-curricular a¢livilies Irom drama, oxling, lo mulb"_sports - all for free. Confidence and skill building, as well as having fun, should b8 for ev8ry child. Finally, we are launching our Transitson Programme which supports our vulnerable children with their transition lo secondary school. This is a tricky lime for some children, and we recognise that with a bil of extra help in the run-up lo transition and in the couple of year5 after. we can 5UPPOrt an effective transition into a successful secondary school Ilfe. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including the guidance'Public benefit.. running a charity IP821' Page 2
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Trustees. report Icontinuedl For the perlod ended 31 July 2025 Objectivas and activities Icontinu8dl b. Strategies for achieving objectives Our Theory of Impacl statement states that "If we provide hwh-quality support lo our children and families, then they will be able lo become more effective parents and learners. and more children will get an excellent start in lif8" We wll achieve this through our delivery prcrfJrammes. vthith are focused on supwtyng our parents and children to be the besl they Gan be, through help from the siart of a child's life to when they transition to sewndary school. We aim lo do this through long-lerm and high trust relationships. This applies lo thè children and parents we work with every day. 11 also applies lo our strategic partr*rs - such as the NHS, Ial authority colleagues and other ch8ri1ies with whom we seek to deliver high-quality services. Finally, we will strive to work systematically wherever possible. seekir¥J opportunities lo transform the mmunitses we serve al all levels. Page 3
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Trustees. report Icontinuedl For the perlod ended 31 July 2025 Objectivas and activities Icontinuadl c. Activitie5 undertaken to achieve objectives The Foundab'on has three strategic priorities.. To fundralse.. so that we can bring the additional resourcés that are neoded to run thè programmes wè know our families and communities need. We have started fundraising and have been successftjl wih several grants. corporate donations and the Maritime Maralhon. Our greatest fundraising success this year was being approved to join the Reach Accelerator programme, which provides MCF with £100.000 each year for three years, plus ongoing C4)a¢hing and mentoring supwt. To create partn•rshlps'. so Ihal we can ioinlly deliver excellent services for our communilies, as well as create syslem change. lo We have created delivery level partnerships in many areas. For example, we have an excellent partnership with Family Action in Medway. who are delivering Strong Foundations prograrnme5 to our parents of babies and toddlers 81 Bligh Primary School. Other delivery partntrrships include Mind, Home Start, Medway Adull Education, and Head in the Game Imental health support for dads). At a system level, we set up and run ihe Strood West Convening Group, are part of the Active Medway Sports England programme, are part of the Kent and Medway Boys Impact Hub, and are a member of the Medway Mamol Place Board. To deliver programme$'. in response to the need that we see every day. stsrting with parents and their babies, going all the way lo effectsve transitions to secondary school. Strong Foundations began this year al Bligh Primary School. Our Community Engagement work expanded through the appointment of two Community Ambassadors al Brooklands and Hook Lane Primary Schools. And the Maritime Skills Academy expanded into Medway with the opening of oui Feathery Hub. We are measuring and tracking our impact across our programmes. We capture attendance and feedback from our programmes- from attendanee al our Skills Academies, lo feedback from our parents from the sessions. We also Capture testimonials from families on the wider impact of our work. We also track the progrgss data of our children, Iracking the key mileslones Ihat they are achieving- from boing nursery ready all the way through lo Iheir final les(s on leaving primary school. Page 4
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Trustees. report Icontinuedl For the perlod ended 31 July 2025 Objectivas and activities Icontinu8dl d. Main activities undertaken to further the Charitys purposes for the public benefit Through our Strong Foundations programme we have.. Improved aeLeSS and availability of O-3 seryices in the Bligh area with our Understsnding Your Baby, Toy Library, and Time to Play sessions, $0 th81 children can meet their development milestones IntrodLJced Mindful Mums at Hook Lane Primary School. offering new mums a safe Spa to Come along and share the highs and lows of new motherhood. Created a new network of eight childminders who are now working wrth Bligh to ensure that their children are ready for nursery and reception. wlh support f(K SEND needs being identified earfy Worked with Medway Local Authority lo review how besl lo help parents wilh young children with SEND. ensure early idenlificalion and supy)rt. lo Through our Community Ambassadors and Community Engagemenl work we have.. Run a successful Strood ConvenirwJ Group, which has created strong relationships and partnershlps across Ihe area Offered a wide programme of Adult Education, resultsng in many parents going on lo achieve qualifications that have allowed them to become employed, including in our schools Run a wide range of workshops and sessions with exiemal partners to provide our parents with advice and help with the issues they fae£. as they are bringing up their families. Achl•v•m•nts and perfornianc• Maln achlevements ol the Charfty Partnership working is taking off al pace, with bolh delivery and strategic partnerships emerging across our Local Authority areas, with progress in the Medway area ba.ng a particular highlight. Strong Foundations was SUe$sl al Bligh this year and, as a result, is expanding into all Mgdway schools from September. The Community Ambassador model has been particulady inspiring and effective, with all Marilime schools having an Ambassador this year. This model has been picked up by colleagues in other schools across the country and may be rolled out more widely. The Medway Skills Academy proved lo be popular, with a healthy balance between pupil premium and non-pupil premium children. b. Roylew of actlvltl8s Strong Foundatlons The Bligh pilot of Strong Foundations started in January 2025. The programme for the community induded.. Tiny Talkers Ito ensure key oracy skills) Little Chefs Ihealthy eating in conjunction wth the Local Authority) Little Adventures Ito ensu physical developmenll Time to Play (drop in for whole community) Toy Library (drop in to encourage home playl Bligh staff were trained in the PEEP programme - wNvw. be the best they can be. in the home environment. "I wouldn't usually come to a group of this kind blrt I'm SO glad I did. I really benefited from being able lo le. .ukJ. focused on supporting parents lo share. talk and discuss Mum's issues. I've really enjoyed our bme and I hope to keep in touch with other Mums. Thank you so muchl" Mindful Mums programme Page 5
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Trustees. report Icontinuedl For the perlod ended 31 July 2025 Achievements and perfomiance (continued) On the back of the Su(l of this pilot. all Medway sc*LK)Is wll have a Strong FOUndatnS programme this year. Communlty Engag•m8nt Our model.. We piloted the Community Ambassador model this year. This paid role is focused on supporting our parents and families lo be the best they can be. This model has proved very successful and popular in the pilot schools. Ebbsfl¢et Green.. "Ebbsfleel Dads is an indusive and welcoming mentsl heallh inilialive. We pair mental health drills with football, aiming to improve both physical and mental well-being. For me il has been great to meet dads around the school and build friendships and share ourjoumeys." Ebbsfleel Green Parent. Hook Lane- This mum burst into lears of joy and relief.. "Thank you so much for this. I didn't realise that there would be this level ol help available lor me and my daughter. Parent. Energy workshop Br¢oklands'. "I really enjoyed it because I thought il was really difficult to fix a bike and they just told me 9Vgrythin91 negdgd lo know. I'm more likgly lo ride my bike now." Pupil, Year 5 Marltlme Sklll8 Academy M•dway Hub.. In September. we opened the Medway Skills Academy al Fealherby, This has wn as a joinl hub between 8amsole and Featherby sch¢x>ls and has been a popular Academy for both schools, offering robotics, multi-sports. woking and so on. "It has been especially lovely to see some of the Barnsole children who we know have trouble slaying in class or managing a task for more than 10 minutes, thrive and slay in one of the sessions for 1.5 hours.- Hub Lead, Fealherby. Gréenwlch Hub: This was the secon(J year IOT Greenacres Primary School running the Greenwich hub and il continued to be popular again running mults".sports, robotics and drama. Flnanclal revlew a, Golng con¢•rn After making 8ppropri8le enquiries. the Twslees have a reason8ble expectation that the Charity has adequate r8sour¢es lo continue in operational existence for the I0$ee3ble future. For this reason, they Continue lo adopt the going wn¢em basis in prgparing the financial statements. Further details regarding Ihe adoption of the going concern basis can be found in the accounling policies. b. Reserves policy The Trustees have considered the level of reserves and aim to maintain reserves equivalent lo one month's expenditure. Based on the budget for the year ended 31 July 2026. Ih¢s figure is £35.000. As al 31 July 2025, the total reserves held by the Charity was £68.505. c. Prlnclpal rfsks and uncertaintles The risk r8gister is reviewed and assessed by thè Trustees at all Board Meètings, in particular those relating to the funding of programmes and the effeclive running of Ihe Foundalion, and they are satisfied Ihal the appropriate actions have been taken to mitigate these risks. Structure, gov•manc• and manag•m•nt Page 6
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Trustees. report Icontinuedl For the perlod ended 31 July 2025 Structural govemance and managemgnt (continu8dl Constitution Maritime Children's Foundation is registered as a charitable company limited by guarantee and was set up by a Trust deed. b. M•thad$ of appolntm•nt or •1octlon of TrUStS The rnan8gement of the Charty is the re5ponsibilrty of the Trustees ¥th0 8re elected and co-opted under the terms of the Trust deed. Or9anisational structure and decisionwmaking policies The Trustees mel as a Board five times in the period. Susan Malheson is the Chief Executive Officer (CEO). The Trust88s h8V8 d8legale(I the day-ltrday management of Ihe Maritime Chlldren's Foundallon lo Susan Malheson. The CEO attends the Board meetings. All Trustees give of their time freely and Trustee rémuneration was paid during the year. d, Pollcles adopted for the Inductlon and tralnlng of Tru$te•$ New Trustees meet the CEO and Ihe Chair of the Foundation lo discuss their role and responsibilities. Trustee training is ongoing and 8 standing agen¢J8 ilem at all Board meetsngs. The Chief Executive ensures Trustees are kept up lo dale with any relevanl changes to legislabon. •. Pay policy for k•y managemènt p•rsonMI The Trustees consider the CEO to represent the Executive leadership of Maritime Children's Foundation. The CEO is currently on secondment from Maritime Academy Trust. so pay is determined under the Maritime Academy Trust pay policy. Page 7
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Trustees. report Icontinuedl For the perlod ended 31 July 2025 Plans for futura periods The Foundation has made considerable progress in its first year of operation. Fundraising has be9un 8nd in securing the Reaching grant of £100.000 each year for three years, a strong start has been made. OUT plans for 202516 are.. Central team developrnent.. To recruit a Head of Programme and Impact lo ensure that as we grow, we are carefully building our programmes and measuring our impact. We are also ¢ontinuin9 to build our fundraising capacity, with support from exlemal partners. Strong Foundations.. There will be a Slrong Foundations programme in each Medway school. Our London Maritime schools will run eady years programmes through their Comrnunity Ambassador teams, where possiblè. Danecourt will also run support and SEND eady idenlificalion in our mainstream sattings. Communlty Engagement." There will be a Communily Ambassador in every Marib'me school this year. Transltlon Programm•'. Each Medway school will have a dedicated stsff member to run our Transition Programme. They will identify local Secondary Schools to partner wth and build relationships and programmes with. Marltlme Skllls Acd•my.' Fealherby will continue lo be thè Medway Hub, and Hook Lane is our new London Hub. 8tal•mont of Trustees. r•spon8ibllltle$ The Trustees (who are also the directors of the Chartty for the purposes of company lawl are responsible for preparing Ihe Tru$tees' report and the financial stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees lo prepare financial slatements lor each financial riod. Under company law, the Trustees musl not approve the financial statements unless Ihey are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including ils income and expenditure. lor that period. In preparing these financial statements, the Trustees are required lo.. select suitable accounting policies and then apply them eonsistently.. observe the melho(Js and principles ol ihe Charities SORP IFRS 1021.. make judgments and accounting eslimales that are reasonable and prudent.. state wh8th8r applicable UK Accounting Standards IFRS 1021 havg bgen followed, subj9Ct lo any material departures disclosed and explained in Ihe financial statemenis; prepare the financial slalements on the going concem basis unless il is inappropriate lo presume that the Charity will continue in business. The Trustees are responsible for keeping advate accounting rg¢ords that are sufficient lo show and explain the Charity's transactions and disdose with reasonable accuracy at any time Ihe financial position of the Charity and enable Ihem to ensure that the financial stalements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for iaking reasonable steps for the prevention and detection of fraud and other irregularrties. Approved by order of the members of the L)ar(l of Trustees and signed on their behaw by.. Lu¢ia Glynn Trustee Date.. 301912025 Page 8
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Independent examiner's report For the period ended 31 July 2025 Independent examinerfs report to the Trustees of Maritime Children's Foundation Ilhe Charity'l I report lo the charity Trustees on my e¥8min8tion of the accnts of the Charity for the period ended 31 July 2025. Responsibilities and basis of report As thè Trustees of the Charity land its directors for the purrx)ses of Company lawl you are restK)nsible for the preparation of the accounts in accordance wlh the requirements of the Companies Act 2D061'the 2006 Act'l. Having satisfied myself that the accounts of the Charty are not required lo be audited under Part 16 01 th8 2006 Act and are eligible lor independenl examination. I rep)rt in res¢( ol my examination of the Charity's accounts carried out under sectson 145 01 the Charities Act 2011 1.the 2011 Act'l. In Carrying out my 9xaminalion I havè followed Ihe Directions given by Ihe Charity Commission under s8Ction 14515llbl ol th8 2011 Ad. Ind•pond•nt èxamlnofs $tat•m•nt I have completed my examination. I confimi thal no matters have come lo my 8ttention in connection with the gxamination giving me cause to believe.. accounting records were not kept in respect of the Charity as required by section 386 of thè 2006 Act,. or the accounts do not accord with those records., or thg accounts do nol comply wth the accounting requirements of section 396 of th8 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination,. or the accounts have not been prepared in 8ccordance Mlh Ihe methods and principles of the Stslemenl of Recommendetj Practice for accounling and repoty'ng by charth'es lapplicable lo charilies preparing their accounts in accordance wilh Ihe Finanual Rew)rting Standard applicable in the UK and Republi¢ of Ireland IFRS 10211. I have no concerns and have come across no other matters in connecb.on with the examinallon lo whlch allenlion should be drawn in Ihis report in order lo enable a proper understsnding ol the accounts lo be reached. This report is made solely lo the Charitys Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My 4wrk has been undertaken so that I might stale lo the Charity's Trustees those matters l am required lo stste lo them in an Independent examinerfs report and for no other purpose. To the fullest oxtgnt pgrmitted by law. I do not accopt or assume responsibilty to anyone other than the Charity and the Charity's Truslees as a t)ody, for my work or lor this reFJOrt. Sned.. Samantha Rouse Dated.. 30 September 2025 FCCA DChA Kreston Reeves LLP Chartered A¢¢ountants 37 Sl Margaret's Street Canltrrbury Kent CT1 2TU Page 9
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Statement of financial activities {incorporating income and expenditure account} For the period ended 31 July 2025 Unrestricted Total funds funds P•rlod ended Perlod ended 31 July 31 July 2025 2025 Note Income from- Donations 8nd legaues Charitable activities Other trading activities Investments 12.917 217.000 4.118 12,917 217,000 4,118 Total Incomè 234,037 234,037 Expendlture on: Charitsble activities 165.532 165,532 Total exp•ndlture 165.532 165,532 N•t movam•nt Sn funds 68.505 68,505 Re¢onclllatlon of fund•: Nel movement in funds 68.505 68,505 Total fund8 carrled forrtard 68.505 68,505 The Statement ol financial adivities indudes all gains and losses lenISed in Ihe pgriod. The notes on pages 12 to 18 lorm part of thvde financial statements. Page 10
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Registered number.. 15470492 Balance Sheet As at 31 July 2025 2025 Current assets Debtors Cash al bank and in hand 173,690 11,745 185,435 Curront Ilabllltles Creditors.. amounts falling due within one year 12 1116,9301 Not curront assots 68,505 Total n•t a$s•t$ 68,505 Charlty lunds Unreslricled funds 13 68,505 Total funds 68,505 The Charity was entitled lo exemption from audit under section 477 of the Companies Act 2006. The members have nol required the company lo obtain an audit for the period in question in accordanc8 with seclion 476 01 Cornpanies Act 2006. The TTuslees acknowledge their responsibililies for complyiThJ wth the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in acc¢xdance with the provisions applicable to entities subject lo the small companies regime. The financial statements were approved and authorised lor issu8 by tha Trustees and signed on their behalf by.. Lucla Glynn Trustee Dale.. 301912025 The notes on pages 12 to 18 fomi part of these financial slatements. Page11
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Notes to the financial statements For the period ended 31 July 2025 G¢n¢ral Inft*rmatlon Maritime Children's Foundation is a charitable company, wth charity number 1209910 and company number 15470492, and is registered in England and Wales. The Charitys registered office is Ebbsfleel Green Primary School, Ackers Drive. Ebbsfleel, DA10 1AL. Accounting policies 2.1 Basls of prèparatlon of financlal stat•m•nts The financial statements have been prepared in acrdanCe wth the Charities SORP IFRS 1021- 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 IFRS 1021 leffective 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Irelan(J IFRS 1021 and the Companies Act 2006. Marilime Children's Foundalion meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unle$$ otherwise stated in the relevant accounbng policy. The financial slalements are presented in UK sterling, which is the Charivs functional currency. and rounded lo the nearest pound. 2.2 Golng ¢on¢om The Trustees ae$S whether the use of going concem is appropriate i.e. whether there 8re any material uncertainties related lo evenis or conditions that may cast significant doubl on the ability of the Charity lo continue as a going concem. The Tfuslees make this 8ssessmenl in resp&cl of a period of allgasl ong year from the dale of aulhorisation for issue of the financial statements and have concluded that the Charily has adequale resources to continue in operational gxlstence for the foreseeable future and there are no material uncertainties about the Charity's ability to Continue as a going concern. thus they continuè lo adopt thè going concèm basis of accounting in preparing the financial stalemenls. 2.3 Inc¢m• All income is recognised once the Charity has entillement to Ihe income. it is probable that the income will be reIved and the amounl of income receivable can be measured reliably. Grants a include(l in the Slatemenl of financial a¢livilies on 8 receivable b8sis. The balance of income reIVed for specific purposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance ol ents'tlement of receipt, its recognition is deferred and included in creditors as deferred income. Where enlitlemenl occurs before income is received, the income is accrued. 2.4 Expenditure Expenditure is recognised there is a legal or constructs've obligation to transfer economic benefit to a third party, il 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 8clivity. The costs of each activity a made up of the totsl of di¢1 costs and shared costs, including support costs involved in undertaking each ath'vity. Direct Costs attributable to a singlo activity are allocated directly to thal activity. Shared cosis which conlribule to more than one aclivity and support costs which are not attributable lo a single activity are apportioned beeen those acts'vibes on a basis consistent with the use of resources. Page 12
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Notes to the financial statements For the period ended 31 July 2025 Accounting policies (continued) 2.4 Exp•ndltur• {¢ontlnu•dl Expenditure on thariiable activilies is incurred on directly undertaking the activilies which further the Charity's objectives. as well as any associaled support costs. All expenditure is indusive of irrecoverable VAT. 2.5 Dobtors Trade and other debtors are recognised al the setllement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.6 Cash at bank and In hand Cash at bank and in hand indud8s rash aThJ short-tem) highly liquid inv8Stments with a short maturity of three months or sS from the date of acquisition or opening of the deposit or similar account. 2.7 Llabllltl•s and provlslon8 Liabilitigs are r8cognised whèn therg is an obligation at th8 Balance sheet date as a result of a past evenl. il is probable that a Iransler of economic benefit will be required in selllemenl, and the amount of the setuement can be eslimaled reliably. Liabi11118s are recognised al the am¢xJnt that the Charity antiapales 11 11 pay lo settle the debt or the amount r( has received as advanced payments for Ihe gc4)ds or services il musl provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, the provision 15 based on the present value of those amounts. distx)unted at the pre-tax discount rale that reflects the risks specific lo the liability. The unwinding of the disoxjnt is recc4Jnised in the Slalement of financlal actlvilles as a finance cost. 2.8 FSnanclal Instrumonts The Charity only has financial asse15 and financial liabilities of a kind that qualify as basic financial inslrumenls. 8asic financial instruments are initially recognised at transaction v81ue and subsequently measur8d at their sèttlement value with the exception of bank loans which aro subsequently measured at amorlised cosl using the effeth've inlerest method. 2.9 Pensions The Charity operates a defined contribulion pension scheme and the pension ¢h8rge represents the amounts payable by the Charity to the ftjnd in respect of the pèriod. 2.10 Fund accounting General funds are unrestn.cted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity an(J whid) have not been designated for other purrx)ses. Investment income, gains and losses are all¢xated to the appropriate fund. Page 13
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Notes to the financial statements For the period ended 31 July 2025 Incom• from donatlons and l•ga¢l¢$ Unrestricted funds Period ended 31 July 2025 Total funds Period ¢nd¢d 31 July 2025 Donations Grants 7.417 5.500 7,417 5,500 12.917 12,917 Income from charltable actlvities Unr•$trlct•d funds Perlod ended 31 July 2025 Total fund$ Porlod nded 31 July 2025 Funding from Maritime Academy Trust for the commissiCIng of programmes 217,000 217,000 Income from other tradlng actlvltles Income from fundralslng events Unr&str5cted funds Period ended 31 July 2025 Total funds Period ended 31 July 2025 Income from Bake Sale Income from Marathon 208 208 3,910 3,910 4,118 4,118 Page 14
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Notes to the financial statements For the period ended 31 July 2025 Investment nme Total funds Period ¢nd¢d 31 July 2025 Bank interest Analys1$ of èxpondlturè by actlvltles Acllvlties undertaken dlrectly Period end•d 31 July 2025 Support cost8 Period ¢nd•d 31 July 2025 Total funds Perlod •nd¢d 31 July 2025 Expenditure on charitable aclivities 135,387 30,145 165,532 Analys18 of dlr•ct costs Total fund$ P8rlod ended 31 July 2025 Actlvltlos Pèrlod ended 31 July 2025 Consultaney Consultant fees 90,067 45.320 90,067 45,320 135,387 135,387 Page 15
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Notes to the financial statements For the period ended 31 July 2025 Analy$ls of exp•ndltur• by adlvltl¢s l¢ontlnuedl Analysis of support costs Total funds P8rlod ended 31 July 2025 A¢tlvltl•s Pèrlod ended 31 July 2025 Staff Costs Travel Sundry expenditure Independent examinerfs fees Website costs Subscriplions Marketing Insurancè 23,115 23,115 442 442 2.862 90 489 1.205 98 2,862 90 489 1,205 98 30,145 30,145 Indepond•nt èxamln•r'¥ rèmunèratlon The independent examinerfs remuneration amoLJnts lo an iThJependenl examiner fee of £1,600 and 8ccounls preparatson fee of £1.262. Staff costs Period ended 31 July 2025 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 21,972 702 441 23,115 Page 16
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Notes to the financial statements For the period ended 31 July 2025 Staff ¢ost$ l¢ontlnu¢dl The average number of persons employed by the Charity during the perirxj was as follows: Period ended 31 July 2025 No. Average employees No èmployee received remuneration amounting lo more than £60,000 in either year. 10. Tru8t•0s' remuneratlon and expenses During the period, no Trustees received any remuneration or other benefits. During the period ende(131 July 2025. no Truslee expenses have been incurred. 11. Debtors 2025 Due wlthin one year Trade deblors Prepaym8nts and accrued incomo 173,000 690 173,690 12. Credltors: Amounts falllng due wlthln one year 2025 Trade creditors Other tsxalion and sctial security Accruals and deferred income 113,813 255 2,862 116,930 Page 17
Dowsign Envalope ID". 80C3oDD9655D4407482E91FODA4FSsl Maritim¢ Childron'$ Foundation {A company Ilmlted by guarantee) Notes to the financial statements For the period ended 31 July 2025 13. Statement of funds Statement of funds - current period Balance at In¢ome Expendlture 31 July 2025 Unrestricted funds Unreslricled funds 234.037 1165,5321 68,505 14. Analysls of net assets tWeen fvnds Analysis of nèt assots betweon lunds- current period Unr•$trl¢ted funds 2025 Total fund$ 2025 Current assets Creditors due within one year 185,435 185,435 1116.9301 1116,9301 Total 68,505 68,505 15. Related party transa¢tlons During the period, the Charity received total income from Marilime Academy Trust of £217.000. Th8 Charity also paid Marilime Academy Trust £243.566 for expenses recharged during the period. Al 31 July 2025, the Chartty owed £113.813 to Maritime Academy Trust for expenses recharged, and was owed £173,000 from Maritime Academy Trust for income received wsl year end. There were no other related paty transactions during the period. Page 18