REGISTERED COMPANY NUMBER: 04655610 (England and Wales) REGISTERED CHARITY NUMBER: 01102830 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for MedE Kids Limited
MedE ui Kids Limited Contents of the Financial Statements for the Year Ended 31 March 2025 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 13
MedE ui Kids Limited Reference and Administrative Details for the Year Ended 31 March 2025 TRUSTEES l Harlow S Pfeffer B J White A N Budenburg (resigned 301612024) J F J Carson A N Budenberg (appointed 11112025) E Evans (appointed 141112025) E Holland (appointed 11712024) A Tattler (appointed 11712024) COMPANY SECRETARY G Baig REGISTERED OFFICE Courtlets House 38 King Street West Manchester M3 2WZ REGISTERED COMPANY NUMBER 04655610 {England and Wales) REGISTERED CHARITY NUMBER 01102830 INDEPENDENT EXAMINER S&W Partners (Leeds) Limited Accountants 3rd Floor 56 Wellington Street Leeds West Yorkshire LS12EE SOLICITORS Gunner Cooke 53 King Street Manchester M2 4QL BANKERS Barclays Bank plc Leicester Leicestershire LE87 2BB Page 1
MedE ui Kids Limited Re ort of the Trustees for the Year Ended 31 March 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial ststements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan 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 DirectOrsrUsteeS are responsible for the governan of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directorsltrustees, 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 AdoleSnt 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.. the relief of sickness and the preservation and protection of health care of babies, children and young people by the provision of equipment. to further such other charitable purposes as the trustees consider appropriate. 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 othewise, provided that the charity does not undertake any pemanent 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
MedE ui Kids Limited Re ort of the Trustees for the Year Ended 31 March 2025 FINANCIAL REVIEW Financial review During the year, MedEquip4Kids generated total income of £473,089 (2024". £476,340), primarily from donations and legacies {£465,993) and bank interest {£7,096). The fundraising total was achieved despite some staff changes and a more challenging fundraising climate. reflecting the resilience of our fundraising team and the continued generosity of our supporters. Expenditure Total expenditure for the year was £504,504 (2024: £482.280), of which £434,049 was spent directly on charitable activities, including the provision of medical equipment, mental health support, and wellbeing education in schools. The work of the charity is more important than ever given current NHS funding pressures and increasing demand for services. Staff costs across the charity totalled £269,244 (wages and salaries £237,582, social security £17,065, pension contributions £14,597), reflecting the delivery of projects, fundraising activity, and management functions. Fundraising costs were £68,636, and governan costs were £1,819. The charity continues to work with multiple hospitals and organisations across the UK, and we will continue to work closely with donors to identify and deliver appropriate projects that meet real needs (see Note 13 in the accounts for a list of supported projects). Financial Position and Reserves The year resulted in a net deficit of £31,415 {2024.' £5,940 deficit). This was a considered and planned decision by the trustees, enabling the charity to increase its charitable work while drawing on reserves. It was undertaken with the understanding that sufficient reserves would be maintsined to ensure the charity's ongoing financial stability. At 31 March 2025, total reserves stood at £213,958 (2024.. £245.373). comprising.. £118,753 unrestricted funds - providing flexibility to meet ongoing commitments and support operational stability. £95,205 restricted funds - earmarked for specific donor-supported projects. The charity continues to follow a low-risk investment policy, holding funds on deposit to ensure both security and liquidity. 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 8 September 2025 and signed on its behalf by: Alan Budenberg A N Budenberg - Trustee Page 3
Inde endent Examiner's Re MedE ui Kids Limited ort to the Trustees of 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 2024. 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 Yth 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'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515) (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 l am qualified to undertake the examination because l 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 S&W Partners {Leeds) Limited Accountants 3rd Floor 56 Wellington Street Leeds West Yorkshire LS12EE 11 September 2025 Page 4
MedE ui Kids Limited Statement of Financial Activities for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 202,718 263,275 465,993 471,262 Investment income 7.096 7,096 5,078 Total 209,814 263,275 473,089 476,340 EXPENDITURE ON Raising funds 68,636 68,636 80,386 Charitable activities Direct Charitable Expenditure Governance Costs 147,009 1,819 286,085 433,094 1,819 397,703 4,191 Total 217,464 286,085 503,549 482,280 NET INCOMEI(EXPENDITURE) (7,650) (22,810) (30,460) (5,940) RECONCILIATION OF FUNDS Total funds brought forward 127,358 118,015 245,373 251,313 TOTAL FUNDS CARRIED FORWARD 119,708 95,205 214,913 245,373 The notes form part of these financial statements Page 5
MedE ui Kids Limited Balance Sheet 31 March 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted fund Notes CURRENT ASSETS Cash at bank and in hand 126,650 95,205 221,855 256,466 CREDITORS Amounts falling due within one year 12 (6,942) (6,942) (11,093) NET CURRENT ASSETS 119,708 95,205 214,913 245,373 TOTAL ASSETS LESS CURRENT LIABILITIES 119,708 95,205 214,913 245,373 NET ASSETS 119,708 95,205 214,913 245,373 FUNDS Unrestricted funds Restricted funds 13 119,708 95,205 127,358 118,015 TOTAL FUNDS 214,913 245,373 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a} ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otheNise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b} 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 8 September 2025 and were signed on its behalf by.. Alan Budenberg A N Budenberg - Trustee The notes form part of these financial statements Page 6
MedE ui Kids Limited Notes to the Financial Statements for the Year Ended 31 March 2025 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. 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 IFRS 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 con 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 executorls) 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 reiVed 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. Page 7
MedE ui Kids Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued 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 reSoUrs. 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 accordan 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 Ststement 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 pri. 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 nomially upon notification of the interest paid or payable by the Bank. Cash at bank and in hand Page 8
MedE ui Kids Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Debtors 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. INVESTMENT INCOME 2025 2024 Bank interest received 7,096 5,078 RAISING FUNDS Raising donations and legacies 2025 2024 Staff costs Corporate and charitable trusts 49,618 19,018 56,162 24,224 68,636 80,386 CHARITABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Direct Charitable Expenditure Governance Costs 284.466 1,819 148,628 433,094 1,819 286,285 148,628 434,913 SUPPORT COSTS Management Finance Other Totals Direct Charitable Expenditure 133,074 434 15,120 148,628 Page 9
MedE ui Kids Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 237,582 17,065 14,597 217,000 14,462 11,782 269,244 243,244 The average monthly number of employees during the year was as follows" 2025 2024 Services Fundraising and publicity Management and administration 10 No employees reiVed emoluments in eXsS of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31103123 Unrestricted Restricted Total fund fund funds INCOME AND ENDOWMENTS FROM Donations and legacies 225,612 245,650 471,262 Investment income 5,078 5,078 Total 230,690 245,650 476,340 EXPENDITURE ON Raising funds 80,386 80,386 Charitable activities Direct Charitable Expenditure Governance Costs 170,791 2,400 226,912 1,791 397,703 4,191 Total 253,577 228,703 482,280 NET INCOMEI(EXPENDITURE) Transfers between funds (22,887) 16,825 16,947 116,825) (5,940) Page 10
MedE ui Kids Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31103123 - continued Unrestricted fund Restricted fund Total funds Net movement in funds (6,062) 122 (5,940) RECONCILIATION OF FUNDS Total funds brought fOard 133,420 117,893 251,313 TOTAL FUNDS CARRIED FORWARD 127,358 118,015 245,373 10. SAVINGS ACHIEVED Savings achieved recognises savings given to MedEquip4Kids by suppliers. In 2025 this figure was £15,120 {2024.' £17,075). 11. TANGIBLE FIXED ASSETS Fixtures and fittings Office equipment Totals COST At 1 April 2024 and 31 March 2025 365 11,509 11,874 DEPRECIATION At 1 April 2024 and 31 March 2025 365 11,509 11,874 NET BOOK VALUE At 31 March 2025 At 31 March 2024 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Social security and other taxes Accruals and deferred income 4,942 2,000 9,093 2,000 6,942 11,093 Page 11
MedE ui Kids Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 13. MOVEMENT IN FUNDS Balance at 0110412024 Incoming Outgoing FCR 6,168 15,573 10,831 3,405 1.529 700 Transfe Balance at 3110312025 8,573 1,529 700 1,145 ALL CAMHS CAMHS Cheshire CAMHS Cumbria CAHMS Scotland CAMHS York Acorns Primary School Sensory Musical Water Bed Calderdale Royal Hospital Children's Waiting Area Croydon Incubator ECLAS Day Unit Burnley General Hospital Elms Bank School and College Acheeva Bed Firwood High School Graduate Acheeva Bed Firwood High School H Track Ceiling Hoist Green Fold Special School Accessible Planter Leeds Children's Unit Chair Beds and Recliners Macclesfield General - Louby Lou Macclesfield General - Bedside Pulse Oximeter Ormskirk & District Paediatric Wall Murals Ormskirk & District Hospital Auroscope & Opthalmoscope Royal Bolton Hospital - Louby Lou Royal Oldham Hospital Neonatal Incubator Royal Preston Hospital VR Headset RMCH Sensory Voyager Stepping Hill Hospital Treehouse LL 23-25 Stepping Hill Hospital Treehouse 3D Mobile Vpod Unit Stepping Hill Hospital Treehouse Music on the Wards Stepping Hill Hospital 2 x Accuvein stepping Hill Hospital Treehouse ED Toys and Distraction Southport & Omskirk Children's WardandA&ELL St Nicholas School Soft Play Tameside & Glossop ICFT Apnoea Monitor Tameside & Glossop ICFT Carescape Patient Monitor 1,068 4.015 2,200 882 670 118 1.000 1,500 1,500 1.000 375 1,000 375 14,450 13,382 (1,068) 7,250 7,250 3,500 3,500 6,110 6,110 2.850 2,850 7.035 6.000 12.225 1,711 901 1,380 1,155 345 120 2.750 2,750 3,226 3,226 200 200 1,155 29 1,184 8.400 8,400 4,300 5.000 4,300 5,000 1,429 2.574 1,650 208 2,145 11,000 8,500 2,500 1.000 1,000 12.415 9,075 2,722 618 1,000 1,125 16,671 330 99 1,696 16,551 (120) 2,151 1,805 346 14,000 9,859 2,957 (1,184) Page 12
MedE ui Kids Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Tameside & Glossop ICFT Children's Cots Tameside & Glossop ICFT Airvo 2 The Cove Heysham Transforming the Environment Yp Warrington Hospital Opthamology Early Years Touchscreen Warrington Hospital Mobile Early Years Touchscreen White Ash School Eye Tracker William Harvey Hospital Sensory Project Hummingbird Project Hummingbird Project London Restricted Savings Amount 19,200 14,458 4,742 1,500 1,500 11,600 5,549 6,051 3,425 2.350 4,687 1,406 318 7,312 4,687 1,406 (1,219) 2.594 2,594 3,017 28,457 117.038 148,087 (2,592) 2.000 15,120 3,017 2,000 15,120 RESTRICTED FUNDS 118,015 263.275 265,638 20,447 95,205 UNRESTRICTED FUNDS 127,358 209.814 217,464 119,708 245,373 473,089 483,102 20,447 214,913 14. RELATED PARTY TRANSACTIONS No transactions with related parties were undertaken such as are required to be disclosed under SORP 2019 (FRS 102). Page 13