FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Charity Commission registration no: 1060218
FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL
CONTENTS
| Report of the Trustees | Pages 1-3 |
|---|---|
| Independent examiner's report | Page 4 |
| Statement of financial activities | Page 5 |
| Balance sheet | Page 6 |
| Notes to the accounts | Pages 7-11 |
FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
INTRODUCTION
The Trustees present their report together with the financial statements of the Friends of the Chelsea Children's Hospital School for the year ended 31 March 2023. The report and financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Friend Constitution, the Charities Act 2011 and 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 the
ORGANISATION
The Friends is an unincorporated association governed by a Constitution adopted by the Trustees on 17 December 1996. The Charity Commissions' registration number is 1060218.
The address is Chelsea Community Hospital School, Chelsea and Westminster Hospital, 369 Fulham Road, London SW10 9NH.
The Trustees are the members of the Executive Committee. At the date of this report the members of the Executive Committee were:
| Chair | Lisa Yacoub (to 14 November 2023) |
|---|---|
| Janette Steel OBE (elected 14 November 2023) | |
| Treasurer | Susan Browne |
| Secretary | Susan Browne (to 14 November 2023) |
| Lisa Yacoub (from 14 November 2023) | |
| Other members | Janette Steel OBE (to 14 November 2023) |
The members of the Executive Committee are elected by the members of the Friends of the Chelsea Children's Hospital
As required by the Constitution all members of the executive committee retire from office each year. Having retired each officer now offers herself/himself for re-election.
The Friends has no employees and is reliant on voluntary services provided by members of the Executive Committee and volunteers.
OBJECTS
The objects of Friends of the Chelsea Children's Hospital School are the advancement of a broad education for children and young people admitted to the Chelsea & Westminster Hospital, the Royal Brompton Hospital, St. Mary's Hospital, Collingham Child and Family Unit, The Lavender Walk Adolescent Mental Health Unit and any children and young people in the Royal Borough of Kensington & Chelsea (RBKC) who are unable to attend school because of medical or mental health problems and the continuing education of students returning to their home communities.
FUND RAISING
The Friends seek to raise money for the School by applying to other charitable organisations for funding and by running stalls, selling donated goods and cakes, within the hospital and by organising raffles.
The Trustees take this opportunity to thank all those who have made donations to the Friends during the year, and in particular, the Nina Lawrence Trust, Scribbler, Levary Limited and Waitrose for their support. The Trustes would also like to thank the volunteers who collect resources and sell items at the weekly sale at Chelsea and Westminster Hospital.
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FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
REVIEW OF ACTIVITIES
In planning the activities of the Friends, the Trustees keep in mind the Charity Commissions guidance on public benefit. The main objective of the Friends is to keep the Hospital School open during the 12 week school holidays, take students on a holiday during the summer and provide an enriched experience whilst they are in hospital.
Whilst the Friends have continued to apply for donations from other charitable organisations the impact of the pandemic has meant that there are many more organisations seeking similar donations. It is likely, therefore, that the level of donations received in the future will be lower than in past years.
During the period under review the Friends have successfully raised additional funds to support the Hospital School. These have primarily, but not exclusively been:
Summer programme
£4,500 to fund the summer programme at the School.
Educational support
£765 to fund the continuing education of individuals who had attended the Chelsea Children's Hospital
General donations and fund raising
The Trustees raised over £3,500 from fund raising activities and received unrestricted donations of over £85,000. These amounts will enable the Friends to provide funding for the School's extra-curricular activities during the forthcoming year.
FINANCIAL REVIEW
At the end of the year total funds were £105,722 (2022: £86,759), of which £99,852 (2022: £82,686) was unrestricted. Income for the year totalled £100,194 (2022: £20,686), of which £92,818 (2022: £5,250) wa unrestricted. As well as expenditure as laid out in note 4, the Friends made a donation of £80,000 (2022: £
PLANS FOR FUTURE PERIODS
In the forthcoming year the Friends intend to;
1) Build a new pod for activities for young people at the new site at Chelsea Community Colle
-
2) Secure funding for, and purchase, sports equipment for the children,
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3) Secure funding for, and purchase, furniture for parents' visiting areas,
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4) Secure funding for, and purchase, furniture for meeting rooms, and
-
5) Complete the sensory room at Chelsea and Westminster Hospital.
RESERVES POLICY
At the end of the year the Friends held total reserves of £105,722 (2022: £86,759) of which £99,852 (202 £82,686) was unrestricted. The Friends' aim is to hold reserves so that continued funding can be provided
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FRIENDS OVTHE CHELSEA CHILDREN'S HOSPITAL SCHOOL REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES, RESPONSIBILITIES TheTrusiees ire r¢sponsibl¢ ftsrpreparinsth¢ Annuol Report srtd the finÈneial $iaiemenis in aceordancewith applicable law and regulgtioiis. The law ¥pplicabl¢ to ¢h?rili¢s in Epgland & Wal¢s T4uir¢$ the Trust¢¢s io Ptepare finarteial statements foreach financial year i accordancewTih United Kingd1 Generally Accepted Accountillg PrdEtiEe (United Kinsdom A¢¢ouDling Standards and applicable law). TheTrusiees rnusi not approve th¢ fLn4ncio1 $kntern¢nts unles$ they Ére satisfied thai they ve a true and fair view of the stale of affairs of th¢ ¢harity aDd of lh¢ inoomingr¢soii¢s and appliGation of lE5QU. includins the incomc artd expendltte, of the charity for thai period. In preparingthese finarteial statemcttis, the TnJste&% are r4uired to.. a) select suitable accouniingpolicies and apply them consistently- - b} observe Ihe Jneihods and principles in ihe Ch*rities SORP- cl make judgements and accounlingeslimates that are reasonable and prudent; dl stak whetherappliuble UK Accounting Standards have b¢eJ> fellowed. subject to any material departures disclosed and explain&1 in ihe fjnattciaj slalemenls. e} prepare ihe financial slalemettis on Ihegoittgconcem basis unless it is inappropriate t0prUMe thatthe charity w¢ll ¢onlittue 10 operate. The Trnstees 2Te T#p¢nsible for keeping suffi¢i¢ni accoiinting Tecords thatdisclose wirh reasonable a¢cvr4cy at any lirne the financial position of thG¢haiity and ¢nabl¢ thcm lo cnsurc that the financial slatements comply with the Charities Ad 2011, the Cbarity (Accounts and Reports) RegLJlalions 2008 and the provisions of the Conslimtion. Tliey are also responsible for safeguarding the assets of the Charity nd h¢ncc for taking rcasonable $1¢ps for th¢ pr¢vcnlion alld det¢clion of fiaud end oth¢i iTrt8ularities. St¢ Fot on bohglf of the Execuflve Comm 14 November2023 Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL FOR THE YEAR ENDED 31 MARCH 2023
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023.
Responsibilities and basis of report
As trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable directions given by the Charity Commission under
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
- 1) accounting records were not kept in accordance with section 130 of the Act; or 2) the accounts do not accord with those records; or
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Samuel Edwards DChA, ACA (ICAEW)
Chartered Accountant Edwards Non-Profit Accounting
Date: 13 December 2023 6 Rosewell Rise Chatham Kent ME4 4GF
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FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Note | Funds | Funds | Total 2023 | Total 2022 | |
| £ | £ | £ | £ | ||
| Incoming resources | |||||
| Donations | 86,909 | 7,376 | 94,285 | 18,776 | |
| Fund raising activities | 5,249 | - | 5,249 | 1,200 | |
| 100 Club | 660 | - | 660 | 710 | |
| Total incoming resources | 92,818 | 7,376 | 100,194 | 20,686 | |
| Resources expended | |||||
| Expenditure on Charitable Activities | 4 | 75,172 | 5,579 | 80,751 | 30,000 |
| Cost of Raising Funds | 480 | - | 480 | 425 | |
| Total resources expended | 75,652 | 5,579 | 81,231 | 30,425 | |
| Net movement in funds | 17,166 | 1,797 | 18,963 | - 9,739 | |
| Total funds brought forward | 82,686 | 4,073 | 86,759 | 96,498 | |
| Total funds carried forward | 99,852 | 5,870 | 105,722 | 86,759 |
In the year to 31 March 2022, income of £5,250 related to resticted funds. Further, charitable activity expenditure of £8,528 related to restricted funds.
The notes on pages 7-11 form part of these financial statements.
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FRIENDS OF THE CHELSEA CHILDREh"S HOSPITAL SCHOOL BALANCE SHEET AT 31 MARCH 2023 Note 2023 2022 Current assets Cash at bar 105,722 86.759 Net current asset5 Net assets 105.722 105,722 86,759 86,759 Unrcstricted fundg Reslriclcd funds Tot&1 funds 82,666 4.073 86,759 5,870 105,722 The financial statements we.rp. xpproved by the Executive Committee on 14 Novembcr 2023 and signed on its behalf by.. Janelte Stcel Chair of the Executive Committee The notes on pages 7-1 I forni part of these financial statements. Page 6
FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. Accounting policies
a) Basis of preparation
The financial statements have been prepared under the historical cost and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Friends of the Chelsea Children's Hospital School constitutes a public benefit entity as defined by FRS 102.
The Trustees considers that there are no material uncertainties about the Friends of the Chelsea Children's School's ability to continue as a going concern.
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the charity's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2.
b) Income recognition
All income is recognised once the Friends has entitlement to the income, it is probable that income will be received and the amount of income receivable can be measured reliably. The following criteria must also be met before income is recognised:
Donations and gifts
Donations and gifts are recognised when both the amount and settlement date are known.
Interest Income
Interest on funds held on deposit is included upon notification of the interest being paid or payable.
c) Donated services
Donated professional services are recognised as income when any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the Friends of the item is probable and the economic benefit can be measured reliably. On receipt, donated professional services are recognised on the basis of the value of the gift to the Friends which is the amount the Friends would have been willing to pay to obtain services of equivalent economic benefit on the open market; a corresponding amount is then recognised in the period of receipt.
d) Resources expended
Expenditure is recognised in the period when there is a legal or constructive obligation committing the Friends to that expenditure, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. Governance costs, as detailed in note 5, are allocated/apportioned to the expenditure on charitable activities as set out in note 4. Governance costs comprise all costs involving the public accountability of the Friends and their compliance with regulation and good practice.
e) Restricted funds
These are monies, which have legal restrictions on their use, where donors have specified the funds can only be spent on specific activities, as set out in note 7.
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FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. Accounting policies (continued)
f) Financial instruments
The Friends has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.
Short term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Financial Activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
g) Functional and presentational currency
The functional and presentation currency is the pound sterling. All amounts are rounded to the nearest whole pound.
h) Allocation of governance costs
Governance costs comprise all costs involving the public accountability of the Friends and its compliance with regulation and good practice.
Governance costs have been apportioned in proportion to the amounts expended on charitable activities. The allocation of governance costs is analysed in note 4.
i) Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
j) Charitable activities
Costs of charitable activities consists of donations made to the Chelsea Children's Hospital School and apportioned governance costs as shown in note 4.
k) Taxation
H. M. Revenue and Customs has granted the Friends charity exemption and thus it is exempt from taxation.
2. Judgements in applying accounting policies and key sources of estimation uncertainty
In preparing the financial statements management are required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from these estimates. Whilst management have made judgements, estimates and assumptions in preparing the financial statements, they consider that these have not had a significant effect on amounts recognised.
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FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
3. Trustees' remuneration
The Trustees all give freely of their time and expertise without any form of remuneration or other benefit (2022: £nil).
No trustee was reimbursed for any expenses incurred in the current or prior year.
4. Analysis of charitable expenditure
The Friends charitable activities consist of providing financial support to the Chelsea Children's Hospital School. An analysis of the charitable activities and governance costs is given below:
| Funded from unrestricted funds Funded from restricted funds Total |
Expenditure on charitable activities Governance costs Total 2023 £ £ £ 74,102 1,070 75,172 5,579 -5,579 79,681 1,070 80,751 |
Total 2022 £ 21,472 8,528 |
|---|---|---|
| 30,000 |
A detailed analysis of the financial support provided by the Friends of the Chelsea Children's School is as follows:
| Unrestricted funds Restricted funds Total 2023 £ £ £ Drama Workshop 3,350 -3,350 Music sessions 7,191 -7,191 Art Sessions 48,917 -48,917 Summer Programme - 4,5004,500 Swimming 5,613 -5,613 Educational support for teacher training - 314314 Cricket Coaching and Sport 6,534 -6,534 Educational support for students at CCHS 78 765843 Theatre Outing 495 -495 Cooking Workshop 164 -164 Horseriding 836 -836 Outing Expenses 924 -924 Donation to CCHS - -- 74,102 5,579 79,681* |
Total 2022 £ - - - - - - - - - - - - 30,000 |
|---|---|
| 30,000 |
*A donation of £80.000 was made, from unrestricted funds, to the Chelsea Children's Hospital School in March 2023, which has cleared the bank after the year end.
In the year to 31 March 2022, charitable activity expenditure of £8,528 related to restricted funds.
5. Governance costs
Governance costs consist of an Independent Examiner's fee of £900 (2022: £900) donated as services in kind.
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FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
6. Restricted fund analysis
| Summer programme Sensory room Musical instruments Educational Support Education for children with special needs Teacher Training |
Fund balance brought forward Donations received Resources expended Fund balance carried forward £ £ £ £ - 4,500 (4,500) - 750 2,876 -3,626 1,147 - -1,147 765 - (765) - 600 - -600 811 - (314) 497 |
|---|---|
| 4,073 7,376 (5,579) 5,870 |
In the year to 31 March 2022, income of £5,250 related to resticted funds. Further, charitable activity expenditure of £8,528 related to restricted funds. More detail on the restricted funds is laid out below.
Summer programme
Provide resources to enable the patients at the Chelsea Children's School to participate in activities such as cricket, art lessons and holiday sessions.
Sensory room
Funds have been raised to build a sensory room in a small room in the hospital school. Having achieved the fundraising goal, the room has been designed with a specialist company and is now ready to be built.
Musical instruments
Provide resources to the Chelsea Children's School to buy and maintain musical instruments.
Educational Support
Funds are being raised for an individual with a complex mix of medical diagnosis - including a condition that accelerated his aging - causing him to have serious disabling issues. Funds are to be sused to ensure that the individual can complete his education.
Education for children with special needs
Funds are being raised for an individual born severely disabled in Gaza, where there is no local funding. Funds are to be used to fund this child's education with special needs in Gaza.
Teacher Training
Funds are being raised for an individual treated by Chelsea and Westminster Hospital to train as a teacher and give back to her local community.
Analysis of net assets between the funds:
| Cash at bank | Unrestricted Funds Restricted Funds Total Funds £ £ £ 99,852 5,870105,722 |
|---|---|
| 99,852 5,870 105,722 |
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FRIENDS OF THE CHELSEA CHILDREN'S HOSPITAL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
7. Related party disclosures
The Friends of the Chelsea Children's Hospital School is controlled by its Trustees. During the year there were no transactions involving members of the Executive Committee (2022: none).
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