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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED

FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2010


REGISTERED CHARITY NUMBER: 1099782 REGISTERED COMPANY NUMBER: 04001308

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED

BOARD OF DIRECTORS

M Shaw J A Nadolski (appointed 7 October 2009) R J McIntosh (appointed 3 July 2009) R A Johnson (appointed 26 March 2010)

COMPANY SECRETARY COMPANY REGISTRATION NO. REGISTERED OFFICE & PRINCIPAL ADDRESS

D Whitmore 04001308 47 Bermondsey Street LONDON SE1 3XT 1099782 MacIntyre Hudson LLP Chartered Accountants & Registered Auditors Euro House 1394 High Road London N20 9YZ Barclays Bank plc Southwark branch 29 Borough High Street London SE1 1LY

REGISTERED CHARITY NO. AUDITOR

BANKERS

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED THE DIRECTORS' REPORT YEAR ENDED 28 FEBRUARY 2010

The Board of Directors and the Trustees of Children: Our Ultimate Investment (UK) Limited for the purposes of charity law, have pleasure in presenting their report together with the audited financial statements of the Charity for the year ended 28 February 2010. Children: Our Ultimate Investment (UK) Limited is a company limited by guarantee.
PRINCIPAL ACTIVITIES

The principal activity of the Charity is to foster and support the education, health, opportunity and development of children and young people.
CONSTITUTION OF THE CHARITY

The Charity is a company limited by guarantee and is governed by the Rules and Regulations of the Memorandum and Articles of Association incorporated on 24 May 2000. The power of appointing and removing Directors and Trustees from the Board is vested in the Board of Directors and Trustees. Membership is non-transferable and ceases upon death. A maximum of seven and a minimum of two members are required at all times. The Charity has the power to invest monies, not immediately required for the furtherance of its objectives, in such investments, securities or property as it thinks fit, subject to a statutory requirements. Currently the Charity has not invested any monies for investment, but has surplus money transferred to a fixed rate deposit account with Barclays Bank Plc.
CHARITY OBJECTIVES

The Charitys principal objectives are as follows: To foster and support the education, health, opportunity and development of children and young people. To meet these objectives the Charity continues to promote, initiate, develop and carry out education and training and arrange and provide assistance at lectures, seminars and classes for children and young people. Its primary activity is the Teens & Toddlers project and the Teens & Toddlers Sustainability Replication Programme. There has been no change in the Charitys objectives during the year. The Charity continues to be run by the Board of Directors and Trustees REVIEW FOR THE YEAR INCORPORATING ACHIEVEMENTS AND PERFORMANCE Introduction The turndown in the economy has challenged many charities in the Third Sector and many have had to make across-the board redundancies. Charities are receiving fewer donations and the general demand on all organisations is to look carefully at costs and expenditure, making economies where they can. At COUI UK we, too, have felt the challenge and have worked hard to lower operating and staff costs. Progress and Key Achievements this Year With the ending of our major four year funding from the ARK (December 2009), COUI UK attempted to be as proactive as possible in preparation for this. We have continued to maintain our growth and positive impact throughout the year. There has been further strategic work done to ensure the long term sustainability of the Charity. These achievements have gone a long way towards the future stability of COUI UK: 1. CC Works Charity Consultancy COUI commissioned CC Works consultancy to prepare a three year fundraising strategy for us. The author of this strategy, a senior fundraiser, was then contracted to work three days a week with the charity. Already 145,000 corporate sponsorship from J P Morgan has been achieved since the year end. The current objective for fundraising is to generate more grants and corporate donors to supplement the cuts all local government bodies are experiencing. 2. Partnership with the Impetus Trust COUI UK was successful in achieving success with its trial year partnership with Impetus and we are now forming a 3-5 year partnership. The Impetus Trust applies a venture philanthropy model combining strategic funding and expertise to charities that have a significant impact on the lives of economically disadvantaged people. We are grateful to have the opportunity of support from Impetus to evolve from being a small charity (1 million turnover per year) to a medium sized one (3-4 miilion annual turnover).

A large part of our work with Impetus was a three year business plan that is ambitious and intends to make up for the deficit of this financial year. We feel confident that this next financial year will see COUI breaking even at the very least. Additonally, Impetus has provided pro bono business expert associates in the following areas: finance, strategy consultants, HR, business development, PR and marketing.

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED THE DIRECTORS' REPORT (CONTINUED) YEAR ENDED 28 FEBRUARY 2010

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REVIEW OF THE YEAR (continued) Progress and Key Achievements this Year (continued) 3. National Development Manager Funded for three years by the DSCF, our National Development manager has been advised by the DSCF (now Deprtment of Education) on which of the local authorities have the worst teenage pregnancy issues and how to target them. The Sainsbury' Family Trusts have approached us with a view to funding programmes in the North West and s forming a regional hub for Teens & Toddlers. 4. DCSF Evaluation Intensive Implementation of Teens and Toddlers Pilot The DCSF commission Intensive Implementation Evaluation of Teens & Toddlers will be completed in July 2010. NatCen (National Centre for Social Research) and LSHTM (London Schools of Hygiene and Tropical Medicine) will then take a year to track and further evaluate the impact of Teens & Toddlers and a report will be published in July 2011. If successful, the DSCF may invest substantially in Teens & Toddlers as one of the few programmes in England that approaches teenage pregnancy prevention from a youth development perspective raising aspiration, self esteem and educational attainment. The last Retrospective Tracking study of Teens & Toddlers graduates (2009) showed that 91% of Teens & Toddlers graduates were still in education, employment or training and 98% under the age of 20 do not have a conception. Education Officer With continued funding from Paul Hamlyn Trust, to further work with the Teens & Toddlers Young leaders programme for graduates, our Education Officer has been successful. It continues to be our vision to support vulnerable at risk young people along a continuum of their development, starting with Teens & Toddlers, continuing to support their positive steps forward through to young adulthood, culminating in young leaders support and training. Aims of programme COUI UK' Teens and Toddlers Young Leaders (TTYL) programme has been piloting in London since May 2009 and is open to all graduates of Teens and Toddlers living in s London aged 13-19. TTYL has been developed in response to requests of graduates of Teens and Toddlers projects who have said that they would like to further youth development opportunities that reinforse their learning from Teens and Toddlers and which would give them chances to be involved in making a difference to their communities. Outcomes include: Improved communications In order to improve communication and information sharing with graduates, COUI UK created a Facebook group exclusively for the use of graduates. Through the Facebook group graduates receive a minimum of two messages a week in the form of a ' quote of the week' well as a link to helpful websites and sources. The Facebook group is also as used as a medium for informing graduates of upcoming events and development opportunities. As of the end of October 2009, 145 graduates have signed up to the Facebook group. Additionally we have provided development opportunities to young people: Young Leaders meetings. These meetings were opportunities for graduates to meet one another as well as to participate in workshops dedicated to topics of interest to graduates. Other activities include: - T&T Magazine: In order to offer a further development opportunity for graduates as well as to be able to send them useful information, COUI UK and 9 graduates worked together to create a youth led magazine designed for other graduates. Funding T&T magazine was secured through a grant from CSV Mediabox. T&T magazine combines information and advice with features on fashion, music and interviews with messages about safe sexual practice and awareness of emotional well being in a fun and youth friendly format. - Peer Education project : Be in the kNOw is a project that uses drama, dance and improve to teach teens about sexual assertiveness and sexual rights; the intial two workshops to start off the project took place in October and many graduates attended. COUI UK' vision for TTYL and other youth development programmes is extensive: COUI would like to have the opportunity to offer graduates across the country the chance s to continue to be involved in local TTYL programmes that are youth led and tailor made to suit each local area' needs. COUI UK would like to offer a formalised and s accredited follow on programme in Peer monitoring or Peer Education at level 2 to act as a follow on from the level 1 Certificate in Interpersonal Skills graduates earn from participating in Teens and Toddlers. COUI is currently delivering programmes to 14 local Authorities. We have worked with almost 3,000 young people in a total of 19 local Authorities, and trained over 215 local authority Teens & Toddlers facilitators. In all of COUI UK' programmes there are still approximately 150 Teens & Toddlers Facilitators, 38 of them being in house staff senior facilitators. The Facilitator Training is s accreditated by ABC, who is recognised by the National Youth Agency, as a Diploma in Youth Work Level 3 and continues to be successful. With the Teens & Toddlers project, for the National Award in Interpersonal Skills, we continue to have nearly 100% pass rate. Grants COUI UK is grateful to have received grants from: Esmee Fairbairn Foundation, ARK, City Bridge Trust, DCSF, Freemasons Grand Charity Trust, Dulveration Trust, Jack Petchey Foundation, State Street, JP Morgan, Impetus and Pfizer. Conclusion Although challenging and a deficit, with robust business planning we believe it has been a good year for COUI UK, supported by the Impetus Trust. The pro bono business expertise provided by Impetus has enabled us to create a solid infrastructure to COUI for future growth and expansion. Annual research and evaluation continues to demonstrate that Teens & Toddlers has a positive impact with the vulnerable and at risk young people served by our programmes. Future plans The charity plans to continue the activities outlined above in the forthcoming years, subject to satisfactory funding arrangements.

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED THE DIRECTORS' REPORT (CONTINUED) YEAR ENDED 28 FEBRUARY 2010 Our Vision

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"Our vision is that young people in the UK are given the opportunity to participate in a COUI programme so they become empowered to make constructive decisions and achieve positive outcomes in their lives and are able to pass on the benefit of their experience to others". Our Aims Are: To become the recognised UK expert in teenage pregnancy prevention. That the delivery of the Teens and Toddlers programme extends across the UK with the development of regional ' hubs' areas of greatest need. in That the value and benefits of our potential oriented approach to education and training become widely accepted and in demand.

To involve and support our graduates as they broaden the reach and subsequent benefits of the teens and toddler programme to the wider community and so build a sense of community service and purpose. Our Values

We believe in empowering transformational change in young people to enable them to become catalysts for change through developing a self awareness that transcends the purely personal and deepens and widens an individual' s sense of well being and self reliance.

We work with young people through the following values, which honour the individual whilst recognising their fundamental interconnectedness with society and their world. These values are expressed through our methods of delivery, our relationships with young people and through our support of their development.

* Honouring and empowering potential - to raise self esteem and aspiration * Integrity - to act in ways congruent with a sense of self * Inclusivity and connection - to appreciate difference and our interconnectedness * Accountability and transparency - to be self aware and self managing * Love and service - to contribute to the community and make a difference * Non-attachment to outcome - to appreciate the complexity of life * Responsibility to embrace What Is - to learn to live in an ever changing world Public Benefit The Trustees have given due consideration to the Charity Commission published guidance on the operation of the public benefit requirements. All of our charitable activities focus on the empoering of young people and are undertaken to further our charitable purposes for the public benefit.

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED THE DIRECTORS' REPORT (CONTINUED) YEAR ENDED 28 FEBRUARY 2010

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Reserves Policy The Board of Directors has agreed the following reserves policy regarding the level of reserves it should maintain in order to meet the needs of the Charity: The Charity needs reserves in order to: * * Finance fixed assets and day to day activities;

Enable the Charity to cope financially during times of below average income and cover operational overheads and salaries for at least six months;

Have additional resources available to cope with revenue and capital requirements arising in the next few years to fulfil its charitable activities.

The present level of reserves and bank facilities are considered adequate to cover the present day to day working capital requirements.

In setting its budgets, level of charges for services and in negotiating the level of funding for grants, the Charity takes account of the need to maintain adequate reserves. When reviewing annual budgets and accounts and periodic management accounts and cash flows, the Board of Directors monitors whether the level of income is appropriate to establish and maintain reserves in line with this policy. This policy will be reviewed at least annually. As of 28 February 2010 accumulated funds were: 283,959 (2009: 399,086), of which 258,943 (2009: 341,986) were unrestricted funds and 24.996 (2009: 57,100) were restricted funds. Management of Risk The Board of Directors regularly review the major risks to which the Charity is exposed arising from its operations and the environment. Systems are regularly reviewed and procedures put in place to minimise these risks. Board of Directors The Directors who served the Charity during this year were: M Shaw F Steel (resigned 03 July 2009) M Blake (resigned 03 July 2009) J Nadolski (appointed 07 October 2009) R McIntosh (appointed 03 July 2009) R A Johnson (appointed 26 March 2010)

These financial statements comply with the Charitys governing document, the Statement of Recommended Practice ' Accounting and Reporting by Charities' (SORP 2005) and the Companies Act 2006. Auditor MacIntyre Hudson LLP are deemed to be re-appointed under section 487(2) of the Companies Act 2006. Small company provisions This report has been prepared in accordance with the special provisions for small companies under part VII of the Companies Act 2006.

Signed on behalf of the Board of Directors

D Whitmore Company Secretary

Approved by the Board of Directors on

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED STATEMENT OF BOARD OF DIRECTORS' RESPONSIBILITIES YEAR ENDED 28 FEBRUARY 2010

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Company law and Charity law requires the Board of Directors 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 surplus or deficit of income of the Charity for that year. In preparing those financial statements, the Board of Directors are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

The Board of Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006, the Statement of Recommended Practice for Accounting by Charities and the Charity' governing document. They are s 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. In so far as each and every director is aware: each and every director has taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. there is no relevant audit information of which the auditors are unaware; and

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED YEAR ENDED 28 FEBRUARY 2010

We have audited the financial statements of Children: Our Ultimate Investment (UK) Limited for the year ended 28 February 2010 which comprise [state primary financial statements such as the Statement of Financial Activities, the Balance Sheet, and the Cash Flow Statement] and related notes. These financial statements have been prepared under the accounting policies set out therein.

This report is made solely to the company' members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our s audit work has been undertaken so that we might state to the company' members those matters we are required to state to them in an s auditor' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other s than the company and the company' members as a body, for our audit work, for this report, or for the opinions we have formed. s RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND AUDITORS The trustees' (who are also the directors of the company for the purposes of company law) responsibilities for preparing the Trustees' Annual Report and the financial statements in accordiance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and for being satisfied that the financial statements give a true and fair view are set out in the Statement of Trustees' Responsibilities. Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland). We report to you our opinion as to whether the financial statements give a true and fair view, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, and have been prepared in accordiance with the Companies Act 2006. We also report you whether in our opinion the information given in the Trustees' Annual Report is consiscent with those financial statements.

In addition we report to you if, in our opinion, the charity has not kept adequate accounting records, if the charity ' financial statements are s not in agreement with the accounting records and returns, if we have not received all the information and explanations we require for our audit, or if certain disclosures of the trustees' remuneration specified by law are not made. We read the Trtustees' Annual report and consider the implicaitions for our report if we become aware of any apparent misstatements within it. BASIS OF AUDIT OPINION

We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the trustee' in the preparation of the financial statements, and of s whether the accounting policies are appropriate to the charity' circumstances, consistently applied and adequately disclosed. s We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements. OPINION In our opinion: - the financial statements give a true and fair view of the state of the charity' affairs as at 28 February 2010 and of its incoming resources s and application of resources, including its income and expenditure, for the year then ended; - the financial statements have been properly prepared in accordance with United Kingdom Genneraly Accepted Accounting Practice; - the financial statements have been properly prepared in accordance with the Companies Act 2006; and - the information given in the Trustees' Annual Report is consistent with the financial statements. Christopher Jackson BSC FCA (Senior Statutory Auditor) For and on behalf of: MacIntyre Hudson LLP Chartered Accountants & Statutory Auditor

Euro House 1394 High Road London N20 9YZ Date:

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2010 2010 Unrestricted Funds Voluntary & other income: Investment income Other incoming resources TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable activities Governance costs TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR BEFORE TRANSFERS Transfers between funds NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR BEING NET INCOME/(EXPENDITURE) FOR THE YEAR OTHER RECOGNISED GAINS AND LOSSES Gains/(losses) on investments: Realised gains/(losses) on investments Unrealised gains/(losses) on investments NET MOVEMENT IN FUNDS BALANCES BROUGHT FORWARD AT 1 MARCH 2009 BALANCES CARRIED FORWARD AT 28 FEBRUARY 2010 2010 Restricted Funds 330,497 594,392 50,287 975,176 2010 Total 330,497 594,392 50,287 975,176

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2009 Total

Notes

INCOMING RESOURCES Incoming resources from charitable activities: Grants Programme fees Counselling fees

1 1 1

376,355 669,242 38,864 1,084,461

1 1

589 1,225 976,990

589 1,225 976,990

22,990 1,553 1,109,004

2 2 2

5,013 10,146 15,159

1,076,978

1,081,991 10,146 1,092,137

955,472 10,967 966,439

1,076,978

(15,159) (67,884) (83,043)

(99,988) 67,884 (32,104)

(115,147) (115,147)

142,565 142,565

(83,043) 341,986

(32,104) 57,100

(115,147) 399,086

142,565

256,521 399,086

258,943

24,996

283,939

There were no other recognised gains or losses. All operations are continuing.

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED BALANCE SHEET AT 28 FEBRUARY 2010

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2010
Notes

2009 8,733 9,059

FIXED ASSETS Tangible assets

CURRENT ASSETS Debtors Cash at bank and in hand

287,025 481,214 768,239

273,161 726,293 999,454

CREDITORS: Amounts falling due within one year

(493,034)

(609,427)

NET CURRENT ASSETS

275,205

390,027

NET ASSETS

283,939

399,086

FUNDS Unrestricted General fund Restricted fund 258,943 24,996 283,939 341,986 57,100 399,086

These financial statements have been prepared in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small companies, the Financial Reporting Standard for Smaller Entities (effective January 2008), the Charities Act 2006 and in accordance with the Statement of Recommended Practice ' Accounting by Charities' (SORP 2005). Approved by the Board of Directors on

M Shaw Director 4001308

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED STATEMENT OF ACCOUNTING POLICIES YEAR ENDED 28 FEBRUARY 2010

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The principal accounting policies which are adopted in the preparation of the financial statements are set out below: BASIS OF ACCOUNTING The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2008). The financial statements also comply with the Statement of Recommended Practice for Accounting by Charities (SORP 2005), the Charities Act 2006 and the Companies Act 2006. INCOME The Charity' income is derived from three main sources; grants, programme fees and investment income. s Recognition of grant income is on a receivable basis in conjunction with the grant rules and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2008).

Where grant payment is received in advance of projects being performed, the Charity recognises, as deferred income, a liability equal to the amount received, representing its obligations to carry out the project. That liability is reduced and reported as income as the project is performed. Where entitlement occurs before the grant is received the income is accrued. Programme fees are recognised according to the period that the course covers and is on an accruals basis. Donations are included in income when received. Income from investments is recognised on a receivable basis. CASH FLOW STATEMENT The Board of Directors have taken advantage of the exemption in Financial Reporting Standard No. 1 from including a cash flow statement in the financial statements on the grounds that the Charity is small. FIXED ASSETS All fixed assets are initially recorded at cost. DEPRECIATION Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures and fittings Equipment RESOURCES EXPENDED

4 years straight line 3 years straight line

Expenditure is recognised on an accruals basis as a liability is incurred. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and any costs linked to the strategic management of the Charity.

All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis as set out in note 2. OPERATING LEASES Rentals on operating leases where substantially all of the risks and rewards of ownership remain with the lessor are charged to the SoFA on a straight line basis over the period of the lease. FUND ACCOUNTING Unrestricted funds are available for use at the discretion of the Committee of Management in furtherance of the charity. Designated funds are unrestricted funds earmarked by the Committee of Management for particular purposes.

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2010 Unrestricted Funds 1 INCOMING RESOURCES Incoming resources from charitable activities: Grants ARK grant income Esmee Fairbairn Foundation Pfizer - Int Department of Health grant income Jack Petchey grant income DCSF - CYPF Natl Dev Mng Paul Hamlyn-Ed Officer 102,250 09-11 Awards for all Media Trusts & Terrace The Monument Trust Impetus Core Funding Restricted Funds Total 2010

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Total 2009

107,424 19,494 27,273 21,635 41,688 36,513 2,470 24,000 50,000 330,497 218,186 54,213 35,934 13,250 37,193 35,000 26,750 12,899 51,242 71,500 24,475 13,750

107,424 19,494 27,273 21,635 41,688 36,513 2,470 24,000 50,000 330,497 218,186 54,213 35,934 13,250 37,193 35,000 26,750 12,899 51,242 71,500 24,475 13,750

188,750 28,500 11,487 147,618 376,355 128,355 35,043 63,229 17,500 6,942 26,750 4,750 6,580 41,498 7,772 23,750 34,015 76,083 55,000 67,833 64,167 6,500 2,225 1,250

Programme fees After Care Progs Stand Alone Progs Brent LA SP + Imterim Feb 08 - July 08 Brent LA Intensive SA Sep09- July11 Blackpool LA SP Sep 09 - Aug 10 City Bridge Trust 105k 3yrs Islington local authority feb08-july08 Lewisham LA SP Sept08-Aug09 Transition and mentoring Enfield LA SP Sep08-Aug09 Haringey Stand Alone Intensive Imp Feb 09- Jan 10 Redcar LA SP Sep 07-Aug 08 Manchester SP Kent Local Authority and Garfield Match Funder Sutton local authority Northumberland local authority Wasall local authority Cambridge LA SP Feb09-Jan10 Freemasons-Cambridge MF Dulverton- Cambridge MF

594,392

594,392

669,242

Counselling Fees Counselling Service progs

50,287

50,287

38,864

Total incoming resources from charitable activities Investment income: Bank interest receivable Other income: Donations HMRC online filing rebate

975,176

975,176 1,084,461

589

589

22,990

Sustainability projects

1,150 75 1,225 976,990 Other T&T Projects

1,150 75 1,225

1,453 100 1,553

TOTAL INCOMING RESOURCES

976,990 1,109,004 Total 2010 Total 2009

2 RESOURCES EXPENDED Costs directly attributable to activities Teens and toddlers senior management salaries & NIC Teens and toddlers facilitators and assistants Teens and toddlers staff salaries & NIC Teens and toddlers programme management salary & NIC Teens and Toddlers Research Vouchers Teens and toddlers clinical services counselling Teens and toddlers research costs Teens and toddlers research officer & NIC Teens and toddlers business development manager & NIC Teens and toddlers facilitator and in house training Teens and toddlers Donations Teens and toddlers Travel, Hotel & subs Teens and toddlers course materials Teens and toddlers supervision & quality assurance Teens and toddlers national award accreditation Teens and toddlers nursery expenses Teens and toddlers counsellor supervision Teens and toddlers mobile phone costs Teens and toddlers postage & delivery Teens and toddlers certificate ceremony award Teens and toddlers room hire Youth Panel programm costs Carried forward to page 11 36,205 97,953 34,176 28,649 5,547 5,170 10,913 3,376 1,718 509 2,422 67 4,967 165 527 396 290 233,050 114,717 144,761 98,967 112,905 4,416 20,800 14,970 36,292 52,136 21,267 17,463 12,308 7,750 9,514 1,747 17,141 1,030 4,330 1,385 2,018 4,655 700,572 150,923 147,997 242,714 227,058 133,143 94,877 141,554 113,364 4,416 26,347 24,574 20,140 20,001 36,292 32,021 52,136 30,730 32,180 34,584 130 20,839 53,876 14,026 18,626 8,259 4,695 11,936 13,215 1,815 6,708 22,108 6,508 1,195 1,793 4,856 4,438 1,781 2,308 146 4,655 933,623 835,341

Costs have been allocated against each activity directly where possible or otherwise based upon the number of projects and pro rata to the number of months that each project fell into the financial year.

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 28 FEBRUARY 2010

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Sustainability projects 2 RESOURCES EXPENDED (CONTINUED) Support costs allocated to activities Brought down from page 10 Rent & Rates Depreciation Fundraising, advertising and marketing Telephone Recruitment expenses Equipment hire & purchase Travel and subsistence Insurance Subscriptions, memberships and conferences Building, cleaning, Security & Misc Bank charges IT software and web development Other Electricity Postage and stationery Legal and professional fees Criminal Records Bureau 233,051 11,134 2,739 9,674 1,088 1,925 578 1,211 986 1,383 253 14 315 603 997 1,199 186 154

Other T&T Projects

Total 2010

Total 2009

700,572 40,531 8,048 28,013 4,078 8,873 2,168 3,506 2,856 4,004 733 93 913 1,747 2,887 4,497 537 446

933,623 51,665 10,787 37,687 5,166 10,798 2,746 4,717 3,842 5,387 987 107 1,228 2,350 3,884 5,696 723 600

835,341 37,805 9,854 36,717 4,522 7,432 1,913 2,847 3,580 6,651 104 635 15 1,226 5,428 707 695

Resources expended before governance costs Governance costs Audit Legal and professional fees Accountancy fees Trustee expenses Governance costs

267,490

814,502

1,081,992

955,472

5,750 1,955 2,441 10,146

5,750 1,955 2,441 10,146

7,000 3,106 861 10,967

TOTAL RESOURCES EXPENDED

277,636

814,503

1,092,138

966,439

Costs have been allocated against each activity based upon the number of projects and pro rata to the number of months that each project fell into the financial year. 3 TOTAL RESOURCES EXPENDED Staff Costs Charitable activities Governance costs 540,394 540,394 Depreciation 10,787 10,787 Other Costs 530,811 10,146 540,957 Total 2010 1,081,992 10,146 1,092,138 Total 2009 955,472 10,967 966,439

2010 Included within charitable activities are consultancy services and staff wages and salaries totalling: 540,394 540,394 The numbers of employees or consultants whose emoluments or payments for consultancy services for the year fell within the following bands were: 2010 60,000 to 69,999 1

2009 443,563 443,563

2009 1

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 28 FEBRUARY 2010

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3 TOTAL RESOURCES EXPENDED (continued)

2010 371,606 55,549 32,180 4,717 37,687 5,696 2,678 5,750 2,441 1,228 3,842 5,166 2,746 9,671 540,957

2009 371,396 39,031 34,584 2,847 36,717 5,428 3,813 7,000 861 635 3,580 4,522 1,913 695 513,022

Other costs: Course and nursery costs Building costs Training Travel Advertising and marketing Printing, postage and stationery Legal and professional Audit Accountancy IT software and web development Insurance Telephone Equipment hire and purchase Miscellaneous

Direct charitable

11 11

11 11

DIRECTORS' AND OFFICERS' REMUNERATION AND EXPENSES The Charity reimburses expenses incurred by all of the directors which are wholly and exclusively in connection with fulfilling their duties as officers of the Charity. The amounts involved are immaterial. No director received remuneration from the Charity for their services as a director. Consultancy and other payments made to employees in respect of expert services and duties are inculded in note 3. This included negotiating grant contracts, actively promoting the Charity and handling the day to day running of the Charity' affairs. All payments were made on normal commercial terms. s

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 28 FEBRUARY 2010

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5 TANGIBLE FIXED ASSETS Fixtures & Fittings COST At 1 March 2009 Additions Disposals At 28 February 2010 DEPRECIATION At 1 March 2009 Charge for year On disposals At 28 February 2010 NET BOOK VALUE At 28 February 2010 At 1 March 2009 5,512 4,841 3,221 4,218 8,733 9,059 19,638 7,208 26,846 14,797 6,537 21,334

Equipment 26,218 3,253 29,471 22,000 4,250 26,250

Total 45,856 10,461 56,317 36,797 10,787 47,584

The fixed assets are used by the Charity for the furtherance of its objectives.

6 DEBTORS 2010 Trade debtors Other debtors Prepayments and accrued income 188,714 7,500 90,811 287,025 2009 252,508 7,500 13,153 273,161

7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2010 Trade creditors Other taxation and social security Accruals Deferred income 98,028 15,616 9,211 370,179 493,034 2009 15,570 12,781 30,201 550,875 609,427

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 28 FEBRUARY 2010 8 RESTRICTED FUNDS 1 March 2009 Restricted funds: Business Development manager Research officer Youth Panel Counselling After care programmes Stand alone programmes Brent local authority Islington local authority Blackpool SP Lewisham LA Enfield LA SP Brent LA SP Haringey stand alone Intensive Imp Cambridge LA/ SP Prog. fees ARK Esmee Jack Fairbairn Petchey DCSF

Page 14

Paul City Hamlyn Bridge Educational Trust officer

Pfizer

Impetus

Sainsbury Other Monument Trust

Utilised/ Released (52,136) (36,292) (39,123) (52,412) (383,523) (93,181) (73,245) (54,716) (50,991) (42,152)

Transfer between funds

28 Feb 2010 1,031 23,961 24,992

11,480 2,470 1,353 50,287 6,318 218,187 67,464 3,781 1,062 - 37,193 24,577 26,750 - 12,899 - 35,934 2,459 6,070 109,725

41687 19,494 31,507 6,240 3,743 3,743 3,743 1,872 52,834 3,743 19,494 21,635 36,513 27,002 5,346 3,209 3,209 3,209 1,604 27,273 3,209 3,209 49,997 24,000 24,000 1,196 123 159 74 74 37 74 74

21,635

35,000 51,242

(110,671) (88,536) (34,285)

16,798 140 772 99,313 14,008 (3,781) (1,062) 4,941 (25,272) (3,934) 2,705 (2,459)

57,100 560,909 107,425

92,929

36,513

35,000

27,273

1,811 (1,076,978)

67,884

All of the restricted funds represent monies received that have been given specifically towards the advancement of the Teens and Toddlers programme. The Teens and Toddlers programme focuses on addressing the problem of the high rate of teenage pregnancy in Britain and tackling the issues that put teenagers on the path to pregnancy. Teens and Toddlers takes at risk teenagers on a 12 week journey of exploration built around twice weekly sessions with small children in a safe nursery environment. The nursery experience is developed through classroom support sessions focusing on child development, parenting skills, sexuality and relationships. All surpluses on grants relating to projects in specific ares that have come to an end and where all conditions in respect of the grant have been met have been transferred to unrestricted funds. Grants where there are no longer any conditions for their specific use have been transferred to unrestricted funds accordingly. 9 RELATED PARTY TRANSACTIONS During the year, Mr M Shaw, a trustee of the charity , has claimed 2,332 relating to travel expenses were charged to the Statement of Financial Activities. These costs were on normal commercial terms. No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8, other than those included in note 4. 10 COMMITMENTS OPERATING LEASES At 28 February 2010 the Charity had the following annual commitment under non-cancellable operating leases: 2010 Operating leases which expire Within one year Within two to five years 47,500 47,500 2009 45,000 45,000

11 COMPANY LIMITED BY GUARANTEE Each member of the Charity has guaranteed to contribute up to 1 in the event of a winding up.

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED SUMMARY FINANCIAL STATEMENT YEAR ENDED 28 FEBRUARY 2010

The following pages do not form part of the statutory financial statements which are the subject to the independent auditors' report on page 6.

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED AUDITORS' STATEMENT ON THE SUMMARY FINANCIAL STATEMENT YEAR ENDED 28 FEBRUARY 2010

Page 16

Independent Auditors' statement to the Board of Directors of Children: Our Ultimate Investment (UK) Limited We have examined the summary financial statement of Children: Our Ultimate Investment (UK) Limited for the year ended 28 February 2010 as set out on page 17. This report is made solely to the company' members, as a body, in accordance with Chapter 3 Part 16 of s the Companies Act 2006. 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' report and for no other purpose. s To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company' members as a body, for our audit work, for this report, or for the opinions we s have formed. Respective Responsibilites of the Board of Directors and the Auditors The Board of Directors are responsible for preparing the summarised annual report in accordance with applicable United Kingdom law. Our responsibility is to report to you our opinion on the consistency of the summary financial statement within the summarised annual report with the full financial statements and Directors'Report and its compliance with the relevant requirements of section 251 of the Companies Act 2006 and the regulations made thereunder. We also read the other information contained in the annual report and consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the summary financial statement.

Basis of Opinion We conducted our audit in accordance with Bulletin 1999/6 ' The auditors'statement on the summary financial statement issued by the Auditing Practices Board. Our report on the company' full annual s financial statements describes the basis of our audit opinion on those financial statements.

Opinion In our opinion the summary financial statement is consistent with the full financial statements and the Directors' report of Children: Our Ultimate Investment (UK) Limited for the year ended 28 February 2010 and complies with the applicable requirements of section 251 of the Companies Act 2006, and the regulations made thereunder.

Euro House 1394 High Road London N20 9YZ Date:

Christopher Jackson BSC FCA (Senior Statutory Auditor) For and on behalf of: MacIntyre Hudson LLP Chartered Accountants & Statutory Auditor

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CHILDREN: OUR ULTIMATE INVESTMENT (UK) LIMITED SUMMARY FINANCIAL STATEMENT STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 28 FEBRUARY 2010 2010 INCOMING RESOURCES Grants Programme fees Couselling fees Investment income Other incoming resources TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable activities Governance costs TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR NET MOVEMENT IN FUNDS FUND BALANCES BROUGHT FORWARD FUND BALANCES CARRIED FORWARD BALANCE SHEET AT 28 FEBRUARY 2010 TANGIBLE FIXED ASSETS CURRENT ASSETS Debtors Cash at bank and in hand TOTAL ASSETS CREDITORS: Amounts falling due within one year TOTAL LIABILITIES NET ASSETS TOTAL FUNDS 8,733 287,025 481,214 776,972 (493,034) (493,034) 283,939 283,939 330,497 594,392 50,287 589 1,225 976,990

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2009

376,355 669,242 38,864 22,990 1,553 1,109,004

1,081,991 10,146 1,092,137 (115,147) (115,147) 399,086 283,939

955,472 10,967 966,439 142,565 142,565 256,521 399,086

9,059 273,161 726,293 1,008,513 (609,427) (609,427) 399,086 399,086

These accounts are a summary of information extracted from the full annual accounts which have been audited and submitted to the Charity Commission and the Registrar of Companies. These summarised accounts may not contain sufficient information to allow for a full understanding of the financial affairs of the Charity. For further information, the full annual accounts, the auditors' report on these accounts and the Directors' Report should be consulted. Copies of these can be obtained from Children: Our Ultimate Investment (UK) Limited, 47 Bermondsey Street, London, SE1 3XT.

M Shaw Director Date:

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