The charity, which emerged from Child of Achievement, the subject of a Charity Commission enquiry under previous governance and management, said it planned to distribute up to 50,000 to help projects that triumph in its awards to roll out their services to a wider audience.
The charity launched its inaugural awards at a reception last week. As well as celebrating the achievements of children and young people, it also has five categories that recognise professional services.
"We are looking for projects that have made a real difference to children," said chief executive Deborah Skillicorn.
Children's minister Margaret Hodge paid tribute to the involvement of young people in the running of the charity and in the judging for the awards.
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