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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 04655610 (England and Wales) REGISTERED CHARITY NUMBER: 01102830

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

MedEquip4Kids Limited

MedEquip4Kids Limited

Contents of the Financial Statements for the Year Ended 31 March 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 13

MedEquip4Kids Limited Reference and Administrative Details for the Year Ended 31 March 2022

TRUSTEES E Bowe I Harlow R A Jameson D I Joseph S Pfeffer S J Whitaker B J White Chairman A C Wilson Deputy Chairman COMPANY SECRETARY G Baig REGISTERED OFFICE Church House 90 Deansgate Manchester M3 2GP REGISTERED COMPANY NUMBER 04655610 (England and Wales) REGISTERED CHARITY NUMBER 01102830 INDEPENDENT EXAMINER Haines Watts Chartered Accountants Sterling House 1 Sheepscar Court Meanwood Road Leeds West Yorkshire LS7 2BB SOLICITORS Gunner Cooke 53 King Street Manchester M2 4QL BANKERS Barclays Bank plc Leicester Leicestershire LE87 2BB

Page 1

MedEquip4Kids Limited (Registered number: 04655610) Report of the Trustees for the Year Ended 31 March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

INCORPORATION

The company was incorporated on 4th February 2003 as Boxwall Limited. It changed its name to Children's Hospital Appeals Trust Limited on 10 April 2003. On 7th June 2004 it changed its name to MedEquip4Kids Limited.

The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors/trustees' meetings.

HOW OUR ACTIVITIES ACHIEVE PUBLIC BENEFIT

The Charity carries out a wide range of activities in pursuance of its charitable aims. The Trustees consider that these activities detailed below and in the IMPACT Report provide benefit to the public.

DESCRIPTION OF ORGANISATION

The charity is run by a team of volunteer trustees who manage the direction and policies of the charity. The day to day management is undertaken by the Chief Executive who is supported by a team of administrative staff and volunteers.

OBJECTIVES AND ACTIVITIES

MedEquip4Kids has a long track record of improving children's health by providing equipment not available from limited NHS resources. After supporting Child and Adolescent Mental Health Services (CAMHS) for a number of years, the charity decided to get more directly involved in preventing mental health problems in children and young people by delivering wellbeing education in schools.

The objectives of the charity are to promote:

In the furtherance of these charitable objectives, the charity is to raise funds and invite and receive contributions from any person or persons whatsoever by way of subscription, donation and otherwise, provided that the charity does not undertake any permanent trading activities in raising funds for their charitable objectives.

INVESTMENT POLICY AND RETURN

Under the governing document the charity has the power to make any investment which the trustees see fit. The trustees have considered the most appropriate policy for investing funds and have found that placing funds on deposit meets their requirements given the secure nature and accessibility of the funds. The trustees consider the return to be reasonable given the low risk nature of the deposits. However, this overall low risk policy is subject to periodic review.

Donated investments are held and realised at an appropriate time.

INFORMATION TECHNOLOGY

The company continues to invest in technology suitable to improve its performance in the charity sector.

Page 2

MedEquip4Kids Limited (Registered number: 04655610)

Report of the Trustees for the Year Ended 31 March 2022

FINANCIAL REVIEW

Financial review

In 2021-22 our priority was to get the charity back on track following the disruption of the Covid-19 pandemic so that we could remain in a strong position to support children and young people through their own recovery. We were delighted to host our first event for over a year at our charity golf day in September, followed by our traditional December Christmas Sing-along at Manchester Cathedral. It was wonderful to get together in person and greet our supporters again.

Despite all the difficulties, we have continued our vital work delivering medical equipment to hospitals in the North West, as you'll see in the report. We have also supplied packages of resources such as sensory toys, books and art materials to 37 Child and Adolescent Mental Health Services across the UK and provided much-valued equipment for special schools to empower disabled pupils to participate in learning.

For many months we were unable to teach our Hummingbird Project in schools due to the restrictions, however our project lead Ian Platt maintained continuity by giving remote sessions via Zoom. He is now very pleased to be back in the classroom again and engaging with pupils face-to-face. For the first time this year we are offering the course to primary schools so that a younger audience can benefit from learning about their mental health and happiness.

We would like to wish all the best to our beneficiaries, partners, donors, and volunteers as we rebuild our communities together. Thank you so much for your unwavering loyalty to MedEquip4Kids during the recent challenges.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is constituted as a company limited by guarantee and its memorandum and articles of association are its primary governing documents.

Approved by order of the board of trustees on 29 November 2022 and signed on its behalf by:

A C Wilson - Trustee

Page 3

Independent Examiner's Report to the Trustees of MedEquip4Kids Limited

Independent examiner's report to the trustees of MedEquip4Kids Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Matthew Barton BA (Hons) FCA CTA ICAEW Haines Watts Chartered Accountants Sterling House 1 Sheepscar Court Meanwood Road Leeds West Yorkshire LS7 2BB

6 December 2022

Page 4

MedEquip4Kids Limited

Statement of Financial Activities for the Year Ended 31 March 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
192,815
Investment income
3
699
Other income
46,432
Total
239,946
EXPENDITURE ON
Raising funds
4
51,703
Charitable activities
5
Direct Charitable Expenditure
168,854
Governance Costs
4,399
Other
-
Total
224,956
NET INCOME/(EXPENDITURE)
14,990
RECONCILIATION OF FUNDS
Total funds brought forward
150,972
TOTAL FUNDS CARRIED FORWARD
165,962		 Restricted
fund
£
112,105
-
-
112,105
-
157,008
-
-
157,008
(44,903)
139,999
95,096		 2022
Total
funds
£
304,920
699
46,432
352,051
51,703
325,862
4,399
-
381,964
(29,913)
290,971
261,058		 2021
Total
funds
£
317,362
1,515
118,211
437,088
49,584
306,385
9,921
10
365,900
71,188
219,783
290,971

The notes form part of these financial statements

Page 5

MedEquip4Kids Limited (Registered number: 04655610)

Balance Sheet 31 March 2022

Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
12
-
Cash at bank and in hand
171,842
171,842
CREDITORS
Amounts falling due within one year
13
(5,880)
NET CURRENT ASSETS
165,962
TOTAL ASSETS LESS CURRENT LIABILITIES
165,962
NET ASSETS
165,962
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
-
95,096
95,096
-
95,096
95,096
95,096		 2022
Total
funds
£
-
266,938
266,938
(5,880)
261,058
261,058
261,058
165,962
95,096
261,058		 2021
Total
funds
£
183
299,608
299,791
(8,820)
290,971
290,971
290,971
150,972
139,999
290,971

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 29 November 2022 and were signed on its behalf by:

A C Wilson - Trustee

The notes form part of these financial statements

Page 6

MedEquip4Kids Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

1. GENERAL INFORMATION

Medequip4kids Limited is a charitable company, limited by guarantee, incorporated in England and Wales under the company number 04655610 and charity number 1102830.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Page 7

MedEquip4Kids Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Expenditure

Direct charitable activities and governance costs are support costs and costs relating to the governance of the company apportioned to charitable activities.

Tangible fixed assets

Tangible fixed assets are carried at cost.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment and furniture

Over 6 years

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors

Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors

Short term creditors are measured at transaction price. Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects risk specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective method.

Page 8

MedEquip4Kids Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

3. INVESTMENT INCOME

----- Start of picture text -----
|||||| |---|---|---|---|---| |2022|2021| |£|£| |Bank interest received|699|1,515| |4.|RAISING FUNDS| |Raising donations and legacies| |2022|2021| |£|£| |Staff costs|46,589|46,878| |Newsletter and printing|1,499|2,706| |-| |Corporate and charitable trusts|3,615| |51,703|49,584| |5.|CHARITABLE ACTIVITIES COSTS| |Support| |Direct|costs (see| |Costs|note 6)|Totals| |£|£|£| |Direct Charitable Expenditure|126,750|199,112|325,862| |Governance Costs|4,399|-|4,399| |131,149|199,112|330,261| |6.|SUPPORT COSTS| |Management|Finance|Other|Totals| |£|£|£|£| |Direct Charitable Expenditure|188,957|126|10,029|199,112|

----- End of picture text -----

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |£|£| |Depreciation - owned assets|-|10|

----- End of picture text -----

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Page 9

MedEquip4Kids Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
203,158
17,333
3,290
223,780		 2021
£
201,603
17,633
1,657
220,893
The average monthly number of employees during the year was as follows:
Services
Fundraising and publicity
Management and administration		 2022
4
3
2
9		 2021
4
3
2
9

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2022
£60,001 - £70,000
1
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31/03/21
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
153,645
163,717
Investment income
1,515
-
Other income
118,211
-
Total
273,371
163,717
EXPENDITURE ON
Raising funds
49,584
-
Charitable activities
Direct Charitable Expenditure
194,772
111,613
Governance Costs
9,921
-
Other
10
-
Total
254,287
111,613
NET INCOME
19,084
52,104
RECONCILIATION OF FUNDS
Total funds brought forward
131,888
87,895
TOTAL FUNDS CARRIED FORWARD
150,972
139,999		 2021
-
Total
funds
£
317,362
1,515
118,211
437,088
49,584
306,385
9,921
10
365,900
71,188
219,783
290,971

Page 10

MedEquip4Kids Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

11. TANGIBLE FIXED ASSETS

COST
At 1 April 2021 and 31 March 2022
DEPRECIATION
At 1 April 2021 and 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Accruals and deferred income		 Fixtures
and
Office
fittings
equipment
£
£
365
11,509
365
11,509
-
-
-
-
2022
£
-
2022
£
3,880
2,000
5,880		 Totals
£
11,874
11,874
-
-
2021
£
183
2021
£
6,820
2,000
8,820

Page 11

MedEquip4Kids Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

14. MOVEMENT IN FUNDS

Acorns Primary School Switch
Adapted Technology
Burnley Childrens Outpatients
CAMHS
ED Furness General Distraction &
Equipment
Green Fold Special School Acheeva
Stations
Hummingbird Project
Kendal Urgent Treatment Centre
Lancasterian School 2 x Acheeva
Graduate Stations
Macclesfield General - Louby Lou
Macclesfield General - Maternity Fetal
Dopplers
Macclesfield General - Srynge Drivers
Manchester FT Heated Mattresses for
NICU
North Manchesters Fold Away Beds
Nottingham Children's Hospital
Games for 12 Wards
Ormskirk & District Paediatric Wall
Murals
Panda Unit Salford Diagnostic
Equipment
Royal Bolton Hospital - LL
Royal Preston Hospital Day Case
Veinfinder (2nd)
Stepping Hill Hospital Treehouse LL
Tameside & Glossop ICFT Apnoea
Monitor
Tameside & Glossop ICFT Children's
Cots
Tameside & Glossop ICFT Airvo 2
Tameside & Glossop ICFT Blood
Pressure Monitors
TAMESIDE
Warrington and Halton NHS
Telemetry Unit
Wigan Neo Natal
William Harvey Hospital Sensory
Project
Wythenshawe Hospital - Starlight
RESTRICTED FUNDS
UNRESTRICTED FUNDS		 Balance at
01/04/2021
-
6,645
50,666
-
-
55,472
2,361
-
1,380
-
5,305
-
-
-
5,800
6,125
1,050
-
1,150
-
-
-
-
-
2,798
745
500
-
139,999
150,972
290,971		 Incoming
2,338
-
1,769
1,000
26,000
10,000
-
13,156
-
-
-
16,125
7,500
500
-
-
-
3,500
300
800
5,000
4,000
1,400
13,000
4,592
-
-
1,125
112,105
239,946
352,051		 Outgoing
2,643
3,564
31,639
322
16,000
65,472
-
13,156
-
-
-
-
7,500
-
-
-
-
4,125
390
983
-
3,218
-
-
7,998
-
-
-
157,008
224,956
381,964		 Transfer
305
305
-
-
-
-
-
-
-
5,305
5,305
-
-
-
-
-
-
-
-
183
-
1,218
-
1,400
-
-
-
-
-
-
-		 Balance at
31/03/2022
-
2,777
20,795
678
10,000
-
2,361
-
1,380
5,305
-
16,125
-
500
5,800
6,125
1,050
(625)
1,060
-
5,000
2,000
1,400
11,600
(609)
745
500
1,125
95,096
165,962
261,058

Page 12

MedEquip4Kids Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

15. RELATED PARTY TRANSACTIONS

Mr D Joseph a trustee of the charity is a partner at Gunner Cooke. The company paid £880 (2021: £600) to that firm in respect of HR services provided to the charity.

No further transactions with related parties were undertaken such as are required to be disclosed under SORP 2019 (FRS 102).

Page 13