TEDDtES FOR LOVING CARE ESSEX (fLC ESSEX) REGISTERED CHARITY NO. 1087765 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page l of 10
TEDDIES FOR LOVING CARE ESSEX ITLC ESSEX) INDEX TO THE FINANCIAL STATEMENTS Legal and thItrative infoTmation Report of the tystees 4&5 Report of the examiner Statement of financial activtties Balance sheet Notes forming part of the fmancial statemeots 9&10 Page 2 of 10
TEDDIES FOR LOVING CARE ESSEX (TLC ESSEX) LEGAL AND ADMINISTRATIVE INFORMATION Legal Ststus: An independenE unincorporated and registered charity Registered Charity Number: 1087765 Trustees.. P G Reeves M O HaTrison B N Bcverley PJKing JRBond J W Curtis- Appointed 0510112023 Registered & Adn]inistrative Address: Provincial Grand LLKlge of Essex 2 Station Court Ststion Approach Wickford Essex SSII 7AT Independent Examiner.. Watson & Co 204C High Street On8ar Essex CM5 9JJ BankcTS: Lloyds BaJ)k PIC 77 High Street Southend on Sea Essex SSI IHT Page 3 of 10
TEDDtES FOR IA)vfNG CARE ESSEX (TLC ESSEX) REPORT OF THE TRUSTEES The trustees present theirreport together with the financial slatements of the charity for the year ended 30 September 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trnst deed aud applicable law. Constitutlon Ind Cbaritable Objects Teddies foT Loving Care was fornied as a verbal trust on th¢ 181 of October 2000 and constituted by a fonnal charitsble trust deed on the 19, February 2(K)l. The was registered &$ a charity by the Cbarity Commission on 30 July 2001. The full nall of the cl]arity is 'Teddies for Loving Care (TLC Ess¢x)' with 'TLC Essex. being its Working narne. Tru$tee5 The trust¢es of the charity duTing the period covered by these finaDcial statements are set out on page l. New trustees have theiT legal obligations under charity law explained to them and are provided with a copy of the governing document and introduced to tbeir fellow trustees. All trustees are encouraged to attend appropriate external traiuing events to Prepare theftn to undertake their role. Development and Organlsatlon of the Charlty The charity commenced its activities following consultstion with Accident & Emergency units. A VTSit to hospitsl can be extremely distre&sing for a young child and often that distress extsnd8 to their parents or guardians. In many ¢ases offering the appropriate treatment is ditTJcult due to the ¢lll'ld's distress. The Simple idea of enabling Accident & Emergency Dept. staff to improve the quaknty of their ¢are and the friendliness of their environment by enabling them to offer severely distressed children a soft teddy bear was endors¢d by the medical staff and the parents or guardians of those children. Medical Staff also use them to show a chil4 through play, what procedures they need to perfonn. This involves perfotmmg the procedure on Teddy first. The charity's fundraising activities began in October 2CKX) with the intrntion of raising fund8 from Freemasons in Essex in order to provide a sufficient numberof teddy bears, other cuddly toys or other quipmenl to the NHS hospitsls in Essex. The trustees fonned a Fundraising & Hospital Liaison Conllnittee of Essex Freemasons, and the fimdraising progressed so well that the charity was able to launch the teddy beats at Paediatric A&E Units (also known as Children's Emergency Units) a¢ross Essex on 12th March 21. The eight NHS hospitals located within Essex (all of whom use TLC Tedth'cs) are Whipps Cross Hospitsl (Leytonstone), King George's Hospital (Redbridge), Queen's Hospital (Havering), Princess Alexandra Hospital (Harlow), Basildon HospitaI, Broomfield Hospital (CheIrnsford}, Southend Hospitsl and Colchester Hospital. Since 2001 the charity has extended its activities to also supply five NHS Walk-in Centres in Essex at Clacton Colchestcr, Harold Wood, Hanvich and Orsett. Since its launch TLC Teddies are now also supplied by local Freemasons to hospitals in every County in England & Wales as well as by local Freemasons in several countrie5 abroad (currently Ireland, New Zealan4 Fiji, Hong Kong, Cyprus, Malta, Gibrdltar, Spain and The Netherlands. Since the charity stsrted over 500,000 children in Essex have had the stress of visiting A&E Units and receiving treatment relieved by receiving a 'Yeddies for Loving Care- (TLC) teddy bear, which they keep following their visit to hospital. The reaction to this simple idea from the recipients. their parents and guRrdian4 the medical staff at hospitals, and anyone who has experienced the fear of a Child al an accident and emergency unit 15 nothing bul praise for this si]nple but appropriate way of relieving distre&s and sutTering. The ttustecs would like to thank the TLC Essex Committee and all the voluDteers who have helped the appeal, who througb their ceaseless effort in their own time and at their own expense, have ¢nsured that the cbarity was Succ1. We would also like to thank ail the hospitsls involved for their ¢peration and the ¢ompliments that they have given to us. Most important of all. the trustees would like to thank a]1 of those who have donated to the fund. Page 4 of 10
TEDDIES FOR LOVING CARE ESSEX (TLC ESSEX) REPORT OF THE TRUSTEES {Contlnued) Flnaneial Review Investment Policy 'rhe statement of financial activities forthe year sbows incoming Tesour¢¢s amountC4J to just over£69.000 significantly more than the previous year's £37.IM)O. Of this incom¢ and existing res¢rves, abnost £35.303 was utilised in purC18]Thg teddies for use by Paediatric A&E Departments. No expenses were incurred in the nmning or management of the clwity, all these costs being borne by the trustees or the rnembers of the comtnittee personally in addition to volunteering a significant Part of their time. For tbat effort, the trustees are extremely grateful At the end of the year there is a fund balance of £110,480 which will be used for the purchase of fLther soft toys and other items to achieve the objects of the charity in the ture. This balance of fijnds will enable the cbarity to continue its activity for alrnost a fier 3 years after the end of the financial period to 30th September 2024. The tnjstees wish the charity to continue its activities at the same level for a significantly longer penod and therefore encourage all Freemasons to continue to donate to the appeal. Reserves Polley The trustees have considered their policy on reserves for the charity. The charity's income is depcndcnL almost entirely, upon donations from Freemasons. Donations, by nature. will fluctsate so, in order to ensure that the charity's tivities are not affected by such flucbjation in donations. the trustees have decided to maintain a level of reserves equivalent to approximately nvo years expenditure on ¢haritable activities. In current ternis this would arnounl to approximately £70,1)00 based on recent history. The current reserves of the charity are 580h over that leveL Rlsk Management The tnjstees have examined and considered the Major strategi¢ and operational risks that the charity faces. Steps a taken to ensure that all items donated via hospitsl A&E Units meet CunI regulatory and safety standards. As the charity is entirely dependent upon the assistance of volunteer& the trnstees continue to recruit new volunteers in order to ensure we are able to maintain the activities of the charity. These risks are reviewed regularly by the trustees in order that any steps necessary to be taken are tsken in adequate time. On behalf of the Trustees: Datcd: Page S of 10
TEDDIES FOR LOVING CARE ESSEX (fLC ESSEX) INDEPENDENT EX.4MINER'S REPORT TO THE TRUSTEES OF TEDDIES FOR tA)VlNG CARE TRUST I report on the accounts of the trust foT the year end¢d 30 September 2024, wbicb arc set out on pages 5 to 7. Re5peetive Responslbilities of Truste¢s and Examiner The cbarity'5 trust¢¢s are responsible for the preparation of the accounL8. The cFÈarity's trustees consider that aT] audit is nol requir¢d for this year und¢r ¥ection 144(2) of the Clwiiics Act 2011 (the 2011 Act) and that atL independenl examination is nceded. IÈ is my responsibility to: (i) examinc the accounts under scction 145 of the 2011 ACL. (ti) to follow the procedurcs down in th¢ general Directions 8iv¢n by the Charity CoMmi10n under section 145(5)(b) of the 2011 Act. and (iii) to state whether particular matters have come to my attentio Ba81$ of Independent Ev4mlner'J Report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination io¢ludes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to wbether the accounts present a 'true and fair view, and the report is limited to those rnalters set out in the next statemenL Independent Examiner's St8tement Your attention is drawn to the fact that the charity has PT¢pared accounts in 8¢¢ordance with A¢¢ounting and reporting by CharitlCS PTcparing their accounts in accordance with th¢ Financial Reporting Standard applirAble in the UK and Republic of Ireland (FRS 102). in preference to the Accounting Reporting by Chariti¢s". Statement of Rccomrnended Practice issued on l April 2(Ki5 wbich is referred to in the extant regulations but has now beerj withdrawn. I understand that this has been done in order for the a¢ullts to provide a true and fair view in accordance with Generally Accepted Accountin8 Practice effective for reporting periods beginning on or after l January 2015. In connection with my exan)mation, no other matter except that refeed to in the previous paragraph come to my attention.. (a) which gives me reasonable cause to believe that in any material respect the requirements.. (i) to keep a¢¢ounting records in accordance with section 130 of the 2011 ACL and (li) to prepure accounts which ac¢ord with the accounting records &nd comply with the accounting requirements of the 2011 Ad: have not been met or (b) to whic14 in my opinion, attention should be drawn in onkr to enable a proper understanding of the acllnts to be reached. Watson & Co 204C High Street Ongar Esscx CM5 9JJ Dated.. Page 6 of 10
TEDDIES FOR LOVING CARE ESSEX (fLC ESSEX) STATEMENf OF FINANCIAL ACTIVITILS INCLUDING tNCOME EXPFNDITURE ACCOUIYT FOR THE YEAR ENDKD 30 SEYfEMBER 2024 2024 2023 UnTCStricted Unrestricfrd Funds Funds Income from: Donations and gths Total Income 69,690 69.690 37,057 37,057 Expendlture on: Charitable 2ctivltle8: Purchase of teddies and similar items Marketing Bank charges TotY41 resourees expended Net Incomel(expendlture) for the year 35.303 30,997 224 36,431 33,259 30.997 6,060 Fund balance brought forward Fund balance carried forward 77.221 110 480 71,161 The statement of fLnan¢ial activities includes all 8ains and losses recognised in the year. All income and expenditure derive from continuing activities. Pag¢ 7 of 10
TEDDIES FOR IA)VING CARE E&SEX (TIL ESSEX) BALANCE SHEET AS AT 30 SEpfEMBER 2024 2024 2023 Unrestrteted UDTestricted Funds Funds Notes Current assets: Bank balaT)ces 110.619 110,619 79.323 79.323 Credltorg: amounts falling due wlthin one year Item5 for A & E units & Promotional Items {139) (2,102) Net current as$ets/total net assets 110.480 Funds 110480 Approved by the trustees on . and signed on its behalf by.. Dated.. Page 8 of 10
TEDDIES FOR LOVING CARE ESSEX (fLC ESSEX) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting Policies l. l. Charity Inforniation Teddies for Loving Carc is constituted by a fornial ¢haritsble trust deed on the 19th Febnw 2001. 1.2 Accounting Convention Th¢ accounts have been prepared in accordance with the Charities A¢t 2011 and "Accounting and Reporting by Charitics.. Statement of Recomrneuded Practicc applicable to charities preparillg their accounts in accordance wiib the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)" (as amend¢d for accouoting periods conllnencing from l January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The charity h&$ taken advantage of the provisioDS in the SORP for charities applying FRS 102 Updatc Bulletin L not to prepaie a Statement of Cash Flows. The accounts have departed from the Charities {A¢¢ounts and Reports) Regulations 2008 only the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for Charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The accounts are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been Prepared under the historical cost Convention. The principal accounting policies adopted are set out below. 1.3 Going Con¢cm At the time of approving the accounty the ttte$ have a reasonable expeclation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basi5 of aocountin8 in preparing the accounts. 1.4 Charitable Fullds Unr¢strict¢d funds are available for use at the dISction of the trustees in furth¢r8nce of their charitsble objectives unless the ndS have been designated for other pufj)08es. 1.5 Income Donations and gifts are included in the financial statements when receivable. 1.6 Expenditure Resources expended are accounted for on an accrual's b&sis includin8 irrecovernble Value Added Tax and included expenditure where there is a constructive or legal oblfftgation to pay. Charitable expenditure comprises expenses incurred on the defined charitable puq)oses of the Institution. Each cate80ry included direcl expenses. The Charity has no staff, support or governance costs. 1.7 Cash aT]d Cash Equivalents Cash and casb equivalents include cash in hand. deposits held at call with banks. other short-terni liquid investments with original matijrities of three months or Itss, and bank overdrafts. 1.8 Finan¢ial Instruments The charity has elected to apply the provisions of Section I I 'Basic Financial Instrumcnts. and Scction 12 '0thcr Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instrnments arc recognis¢d in the charity's balance shcet when th¢ charity bccom¢s party to the Contracts1 provisions of the instrnment. Financial assets and liabiliti¢s ar¢ offs¢L with the net amounts present¢d in the fmancial statements. when tbere is & legally enlor¢eable ri¥ht to set off the recognised aEnounts alld there is all intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Page 9 of 10
TEDDIES FOR LOVING CARE ESSEX (TLC ESSEX) NOTES TO THE FINANcL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies (Continued) 1.8 Financial Instruments (continued) Basi¢ Financial Assets Basic fmaThGial &8set& which includc dcbtors aud cash and bank balances. a initially nLc&surcd al transaction price including traDsaGtion costs and arc subscqu¢ntly carricd at amortiscd cost using thc cffoctive intcrest Method unless the arraugcmcnt constitutes a fman¢ing transactio wh¢ the transaction is mc&sured at th¢ PTCSClIt value of the futUTe receipts discounted at a market rate of interest. Financial assets classified as receivable within one year arc not amortlsed. Basic Financial Liabilities Basic financial liabilities, including creditors and bank loans aTe initially recogniscd at transaction price unless the arrangement constibjles a financin8 transaction. where the debt instrument is measured at the present value of the tllre payments discounted at a market rate of interesL Financial liabilities classified as payable within one year are not amortised. Debi instruments are subsequently carried at amortised cosl using the effective interest rate method. Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordinary course of operitions from suppliers. Amounts payable are classified as current liabilitie8 if payment is due within one year or less. If not. they are prescnted &8 non-current liJbiEities. Trade ¢reditors are recognised initially at transaction price and subsequently measured at amortised cost using the efftctive interest metho(L Derecognition of fmancial liabilities Financial liabilitics arc derec018ed when the charity's contraclual obligations cxpire or are discharged or cancelled. 2 Crltlcal Accountlng E$tlm8tes and Judgements In the application of the charity's accounting policics, the trust¢¢s rwuired to make judgetnents, estimat¢s and assumptions about thc Carrying amount of assets and liabilities that are not readily apparcnt from other sources. The ¢stimat¢s and associated assumptions are based on historical experience and othcr factors that ore considered to be r¢levant. Actual results may differ froln these estimates. The estimates and underlying aumPtionS are reviewed OD an ollgoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that perio or in the period of the revision and future periods where the revision affects both CUTrent and future periods. 3 Staff Costs and Trustees, Remuneradon The Gharity did not employ any Staff during the year and no tntee received any remuneration and were not reimbursed for any of their expenses in the year. Page 10 of 10