THE FOSTERING NETWORK

Charity number: 280852
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

These are membership services, policy and practice, publishing and training, advice & mediation work, information services and consultancy and projects.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£8,411,919

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Donations and legacies £306.24k
Charitable activities £7.93m
Other trading activities £115.65k
Investments £62.08k
Other £0

Total expenditure:
£7,692,392

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Raising funds £87.57k
Charitable activities £7.60m
Other £0

£0 investments gains (losses)

Total income includes £2,662,552 from 195 government contract(s) and £2,844,441 from 8 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £87.57k
Charitable expenditure £7.60m
Retained for future use £719.53k

People

96 Employee(s)

11 Trustee(s)

25 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 3
£90k to £100k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Advocacy/advice/information
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 11 July 1980: Standard registration
Organisation type:
Charitable company
Other names:
  • THE FOSTERING NETWORK TFN (Working name)
  • FOSTERING NETWORK (Previous name)
  • NATIONAL FOSTER CARE ASSOCIATION (Previous name)
Company number:
01507277 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal risk management policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Mervyn Erskine Chair 09 December 2015
None on record
Caroline Malcolm Trustee 21 June 2023
None on record
Lyssa Elster Trustee 21 June 2023
None on record
Kate Brash Trustee 21 June 2023
None on record
Paul Seath Trustee 21 June 2023
None on record
Matthew Micheal Page Trustee 21 June 2023
None on record
Frank Harasiwka Trustee 10 November 2022
None on record
Ishara Tewary Trustee 04 December 2019
None on record
Christopher Pope Trustee 05 December 2018
None on record
Jonathan Walsh Trustee 05 December 2018
ST JOHN'S SEMINARY CIO
Received: On time
Stuart Lewis Trustee 05 December 2018
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £6.90m £6.43m £6.66m £6.88m £8.41m
Total expenditure £6.70m £6.48m £6.82m £7.13m £7.69m
Income from government contracts £2.64m £2.90m £2.90m £2.58m £2.66m
Income from government grants £2.02m £1.93m £1.93m £2.33m £2.84m
Income - Donations and legacies £255.23k £209.87k £332.01k £301.08k £306.24k
Income - Other trading activities £54.48k £0 £60.09k £63.99k £115.65k
Income - Charitable activities £6.59m £6.19m £6.26m £6.50m £7.93m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £3.43k £369 £295 £9.94k £62.08k
Income - Other £0 £32.07k £4.95k £0 £0
Income - Legacies £0 £0 £62.00k £18.25k £0
Expenditure - Charitable activities £6.58m £6.39m £6.73m £7.03m £7.60m
Expenditure - Raising funds £126.31k £92.68k £81.36k £101.30k £87.57k
Expenditure - Governance £33.02k £14.17k £24.46k £19.33k £22.50k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £3.28m £3.58m £3.77m £3.76m £3.96m
Long-term investments £2 £2 £2 £0 £2
Other assets £2.33m £2.20m £2.51m £1.67m £3.95m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.69m £2.35m £2.81m £2.27m £4.17m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 13 January 2025 On Time
Accounts and TAR 31 March 2024 13 January 2025 On Time Download Open in new window
Annual return 31 March 2023 20 December 2023 On Time
Accounts and TAR 31 March 2023 20 December 2023 On Time Download Open in new window
Annual return 31 March 2022 16 December 2022 On Time
Accounts and TAR 31 March 2022 16 December 2022 On Time Download Open in new window
Annual return 31 March 2021 14 December 2021 On Time
Accounts and TAR 31 March 2021 14 December 2021 On Time Download Open in new window
Annual return 31 March 2020 21 December 2020 On Time
Accounts and TAR 31 March 2020 21 December 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 11/07/1980 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 06/02/1988 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 01/11/1990 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 23/11/1996 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 14/10/2006 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 24/11/2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 17/10/2008 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 02/10/2009 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 22/11/2011 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 26/11/2014 as amended on 15 Dec 2021

Charitable objects

(A) TO RELIEVE BY SUCH MEANS AS ARE CHARITABLE CHILDREN THE AGED AND PERSONS SUFFERING FROM MENTAL OR PHYSICAL DISABILITY WHO BY REASON OF THEIR CIRCUMSTANCES HAVE NEED OF FOSTER OR SUBSTITUTE CARE. (B) TO PROMOTE AND ORGANISE CO-OPERATION IN ACHIEVING THE IMPROVEMENT OF THE QUALITY OF SERVICE GIVEN TO CHILDREN AND OTHERS IN CARE AND TO THAT END BRING TOGETHER IN THE ASSOCIATION FOSTER-CARERS REPRESENTATIVES OF THE AUTHORITIES AND ORGANISATIONS ENGAGED IN ADVANCING FOSTER CARE AND RELIEVING DISTRESS OF CHILDREN AND OTHERS IN CARE AND TO ASSIST THEIR WORK.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
THE FOSTERING NETWORK
87 BLACKFRIARS ROAD
LONDON
SE1 8HA
Phone:
020 7620 6400
Email:
info@fostering.net
Website:

www.fostering.net Open in new window