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2021-04-30-accounts

Charity Registration No. 1158174

TAYLOR MADE DREAMS

TRUSTEES' REPORT AND ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2021

TAYLOR MADE DREAMS LEGAL AND ADMINISTRATIVE INFORMATION

Trustees K Roberts (Chair) A Davies (appointed 16 Oct 20) C Lawrence N Shaw Chief Executive S Mitchell Charity number 1158174 Principal address 8 Sherlock Shaw Crowborough East Sussex TN6 2FN Independent Examiners TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Bankers Lloyds Bank plc 82 Mount Pleasant Road Tunbridge Wells, Kent TN1 1RP

TAYLOR MADE DREAMS

CONTENTS

Page
Trustees' report 1 – 4
Independent examiner’s report 5
Statement of financial activities 6
Balance sheet 7
Notes to the accounts 8 - 14

TAYLOR MADE DREAMS

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 APRIL 2021

The Trustees present their Annual report, together with the financial statements for Taylor Made Dreams for the year to 30 April 2021.

The accounts comply with 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 Republic of Ireland (FRS 102) (effective 1 January 2015).

Structure, Governance & Management

The organisation’s charitable aims and objectives are set out in its constitution, agreed by the Board of Trustees on the 8[th] August 2014. The charity was registered with the Charity Commission on the 8[th] August 2014 (Charity number 1158174).

The trustees meet regularly to discuss matters relating to governance, financial administration, business strategy, operational management and fundraising.

Induction and training of new trustees

All staff, volunteers, and trustees undergo a formal recruiting and selection process, followed by an induction period that includes any training considered necessary to effectively perform their role.

Organisational structure

Since 1 May 20, the Board of Trustees consisted of the following individuals:

K Roberts C Lawrence N Shaw A Davies Appointed 16 October 2020

The Board members come from a wide variety of backgrounds and possess skills that are relevant to the work of the organisation.

The following individuals are honorary patrons of the charity:

S Armstrong J Bishop

The Chief Executive Officer (CEO) is responsible for running day to day operations, including service delivery, fundraising and the development of new services.

Going concern

Risk management

The Board of Trustees holds overall responsibility for Risk Management for the organisation and has conducted a review of the major risks to which the organisation is exposed. Consequently and where appropriate, systems or procedures have been established to manage the risks that the Charity faces.

Objectives & Activities

Taylor Made Dreams aim to add some light in the darkest of times and to enable families to experience quality time together when it is, sadly, all too short.

1

TAYLOR MADE DREAMS

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 APRIL 2021

Our vision is that children with life limiting illnesses have the opportunity to fulfil their dreams through an individual ‘bucket list’ of wishes. Children and families will also have access to support services provided by trained therapeutic professionals. These services would be provided through the Taylor Made Dreams Therapy Service where possible, and specialised therapists would be sourced, and financially funded, as an alternative if it is regarded beneficial to the children and their families (reflexology, holistic massages etc).

Our objective is to enable children and their families to experience unique quality times together and provide opportunities which may not be possible without financial, emotional an organisational support.

“They call today the present because it’s such a gift” - Ogden Nash

Activities

During 2020/2021, Taylor Made Dreams continued to develop strong relations with nineteen well established children’s palliative care organisations across the Southeast of England, and the charity intends to build on this portfolio over the next three years in alignment with the business plan.

The charity continued to receive a steady stream of referrals from referral partners, and the children and their families continued to benefit from the twelve services provided by Taylor Made Dreams. To date, the charity has met the ‘bucket list’ wishes of 119 individual children with life limiting illnesses. Since charitable registration, this amounts to approximately 1,900 individual ‘bucket list items’ - on average children receive ten items of their bucket list.

Towards the beginning of the financial year, we saw referrals increase due to families shielding their unwell children from the virus; the charity accepted ten referrals from Kent County Council in April 2020 alone. Taylor Made Dreams remains committed to increasing their public benefit and meeting the needs of more terminally ill children and families in the coming years. Taylor Made Dreams commissioned a piece of research to determine how many children were eligible for referral to the charity in Kent, Surrey and Sussex, the findings revealed were that 4,500 children at any one time who fit our criteria and that this was set to increase by 2030 by 10%. To increase social impact, Taylor Made Dreams set an objective to create a ‘bucket list’ aggregator to help families and professionals supporting children with life limiting illnesses to gain the support they need in an easy and accessible way. The charity has partnered with Studio 44 Studio to help in the development of the online search engine.

As seen in 2019/2020, the pandemic created uncertainty for charitable income generation for Taylor Made Dreams, the situation made it difficult to plan ahead as we were still faced with little or no fundraising events, minimum bucket collections, no business presentations to generate funds, we had to be act quickly to new online fundraising opportunities, adapt, be agile and creative in our thinking. The charity commissioned the services of a fundraising consultancy in 2019/20 to support the charity, developed new ways of giving and they also applied to specific grants and trusts which were put in place to support charities and the community through the pandemic. With less opportunities for cash giving, we created a text to donate campaign offering supporters the chance to give a oneoff donation via TMDWISH £amount to 70085 or a monthly gift via DRAGNONFLY £amount to 70085. With limitations on our ability to deliver our traditional bucket-list wishes, outings and experiences, we purchased items online and had the items delivered to the homes of families.

Taylor Made Dreams were aware that families who were shielding their unwell children from the virus needed immediate assistance, we responded swiftly by creating a crisis service providing families with essential food and hygiene support in the form off packs; we delivered support packs weekly to fifty families from March 2020 to September 2020 during the first lockdown. The packs contained non-perishable food goods, essential cleaning items, fresh fruit for children who were liquid fed and an array of gifts to help stimulate families at a time when they could not leave their homes. The essential food and hygiene packs were delivered by a group of volunteers who travelled across the Southeast of England in support of families in need.

We also brought forward a new service in March 2021 which was planned to go live in May 2021; medical travel grants were administered to help families who needed to take their unwell children for essential medical appointments, during the lockdown this was especially difficult as public was incredibly limited. The charity continued to plan for the future vision and commissioned a consultancy to undertake a feasibility study on the Taylor Made Dreams Centre. The main focus of the centre is to provide a dedicated space where families can go and receive holistic therapy and counselling, a place where the families can spend time with key workers who will assess their needs and provide the support they need. The Taylor Made Dreams Centre can help to grow the charity in terms of resource and revenue from fundraising activities. The findings of the study are expected in May 2022.

2

TAYLOR MADE DREAMS

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 APRIL 2021

Public Benefit

In accordance with our duties as stated in section 17(5) of the 2011 Charities Act, we have considered the guidance provided by the Charity Commission in regard to public benefit. This public benefit has been demonstrated by the activities undertaken since the inception of the charity outlined in the ‘Activities’ section above.

Financial Review

As at 30 April 2020, the charity held reserves of £336,331 (2020: £286,945) consisting of unrestricted funds totalling £156,480 (2020: £94,945), designated funds of £170,000 (2020: £170,000) and restricted funds of £7,000 (2020: £22,000).

The designated fund was created in order to set aside funds towards the Taylor Made Dreams Centre, in line with the charity’s long term vision.

Total income received amounted to £169,950 (2020: £178,073) including £125,832 (2020: £143,240) by way of gifts and donations and £43,670 (2020: £34,000) by way of grants. Total expenditure equalled £119,064 (2020: £132,431). £117,814 (2020: £129,258) of this figure was on the delivery of charitable activities and £2,751 (2020: £3,173) on fundraising costs.

Reserves policy

The trustees have examined the charity’s requirements for reserves in light of the main risks facing the organisation. The charity’s reserves policy is such that the charity should hold minimum undesignated free reserves of £56,000 (equal to three months operating expenditure plus estimated costs of restructure should it be necessary). The charity’s undesignated free reserves at the 30 April 2021 were £159,331 (2020: £94,945). The trustees therefore consider the charity to be operating within the set reserves policy.

COVID-19

In March 2020 as the pandemic hit, the charity adapted immediately to meet the change in need of service users, two new services were created; Medical Travel Grants were introduced to fund travel to essential medical appointments and Food & Hygiene Support Packs were provided to families who were unable to access essentials to meet their primary care and nutritional needs.

Future Plans

The charity plans on continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements.

Trustees’ responsibilities in relation to the accounts

The Charities Act 2011 requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that year.

In preparing these accounts, the trustees are required to:

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TAYLOR MADE DREAMS

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 APRIL 2021

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the board on 21 February 2022

Signed on behalf of the board of trustees

C Lawrence Trustee (Chair)

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TAYLOR MADE DREAMS

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF TAYLOR MADE DREAMS

Independent examiner’s report to the trustees of Taylor Made Dreams

I report to the trustees on my examination of the accounts of Taylor Made Dreams for the year ended 30 April 2021.

Responsibilities and basis of report

As the charity trustees of the Trust 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 accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

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

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.

[Jonathan Aikens FCA, DChA] for and on behalf of TC Group

The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Dated: 24 February 2022

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TAYLOR MADE DREAMS STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 APRIL 2021

Designated Unrestricted Restricted Total Total
Notes funds Funds funds 2021 2020
Income from: £ £ £ £
Donations and grants 4 - 156,032 13,470 169,502 177,240
Financial activities - interest - 448 - 448 833
──────── ──────── ──────── ──────── ────────
Total income - 156,480 13,470 169,950 178,073
──────── ──────── ──────── ──────── ────────
Expenditure on:
Raising funds:
Fundraising - 2,751 - 2,751 3,173
Charitable activities
Charitable Projects - 104,344 13,470 117,814 129,258
──────── ──────── ──────── ──────── ────────
Total expenditure 5 - 107,095 13,470 120,565 132,431
──────── ──────── ──────── ──────── ────────
Net income/(expenditure) - 49,385 - 49,385 45,642
────────
──────── ──────── ──────── ────────
Transfers between funds 13 - 15,000 (15,000) - -
──────── ──────── ──────── ──────── ────────
Net movement in funds - 65,886 (15,000) 50,886 45,642
════════ ════════ ════════ ════════ ════════
Reconciliation of funds
Total funds brought forward 170,000 94,945 22,000 286,945 241,303
──────── ──────── ──────── ──────── ────────
Total funds carried forward 14 170,000 159,331 7,000 336,331 286,945
════════ ════════ ════════ ════════ ════════

There are no recognised gains or losses other than those reported on the Statement of Financial Activities. All activities are classed as continuing.

6

TAYLOR MADE DREAMS

BALANCE SHEET

AS AT 30 APRIL 2021

2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets 9 - -
Current assets
Debtors 10 - 1,500
Cash at bank and in hand 338,752 286,945
──────── ────────
338,752 288,445
Creditors: amounts falling due
within one year 11 (2,421) (1,500)
──────── ────────
Net current assets 336,331 286,945
──────── ────────
Total assets less current liabilities 336,331 286,945
──────── ────────
Net assets 336,331 286,945
════════ ════════
The funds of the charity
Unrestricted funds 159,331 94,945
Designated funds 13 170,000 170,000
Restricted funds 12 7,000 22,000
──────── ────────
336,331 286,945
════════ ════════

The accounts were approved by the Board on 21 February 2022

C Lawrence Trustee (Chair)

7

TAYLOR MADE DREAMS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2021

1 Accounting policies

1.1 Basis of preparation

The accounts have been prepared in accordance with 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 2015) – (Charities SORP (FRS 102)) and the Charities Act 2011.

Taylor Made Dreams meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no material uncertainties about Taylor Made Dreams’ ability to continue as a going concern. This conclusion takes into account the financial effect of the COVID-19 pandemic.

The functional currency of the charity is pounds sterling. Items are rounded to the nearest pound.

1.2 Cash Flow Statement

In accordance with Section 7 of FRS 102 the charity is claiming exemption from the requirement to prepare a cash flow statement on account of its size.

1.3 Income

Donations and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement.

Grants are credited to the Statement of Financial Activities in the year in which they are receivable unless a grant is subject to donor imposed conditions that specify the time period in which the expenditure of the resources can take place; in which case they are deferred.

1.4 Expenditure

Expenditure is accounted for on an accruals basis with the irrecoverable element of VAT included with the item of expense to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

Governance costs (included within support costs) include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity. These are now included as support costs.

All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned based on estimated usage as a proportion of directly attributable expenditure.

8

TAYLOR MADE DREAMS

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2021

1 Accounting Policies

(continued)

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are capitalised at cost and depreciated over their estimated useful economic life on a straight line basis as follows:

Asset category Annual rate Fixtures & Fittings 25% Motor vehicles 25%

1.6 Fund accounting

Funds held by the charity are either:

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees and which have not been designated for other purposes.

Designated funds – these funds are unrestricted funds which have been designated towards a specific purpose by trustees.

Restricted funds - these are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.

1.7 Taxation

As a charity, Taylor Made Dreams is exempt from tax on income and gains to the extent that these are applied to its charitable objects.

1.8

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

1.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments. The Trustees seek to use short term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.

1.10 Estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.

9

TAYLOR MADE DREAMS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021

2 Trustee remuneration

All the trustees donate their time spent running the charity on a voluntary basis and do not receive any remuneration for their work as trustees.

3 Comparative funds – Statement of Financial Activities for the period ended 30 April 2020

Designated Unrestricted Restricted Total
funds funds funds 2020
Income from:
Donations and grants - 153,240 24,000 177,240
Financial activities - 833 - 833
──────── ──────── ──────── ────────
Total income - 154,073 24,000 178,073
──────── ──────── ──────── ────────
Expenditure on:
Raising funds:
Fundraising - 3,173 - 3,173
Charitable activities:
Charitable Projects - 127,258 2,000 129,258
──────── ──────── ──────── ────────
Total expenditure: - 130,431 2,000 132,431
──────── ──────── ──────── ────────
Net income and expenditure - 23,642 22,000 45,642
Transfer between funds - - - -
──────── ──────── ──────── ────────
Net movement in funds - 23,642 22,000 45,642
════════ ════════ ════════ ════════
Total funds brought forward 170,000 71,303 - 241,303
──────── ──────── ──────── ────────
Total funds carried forward 170,000 94,945 22,000 286,945
════════ ════════ ════════ ════════
4 Income from donations and grants
Unrestricted Restricted Total Total
funds funds 2021 2020
£ £ £ £
Donations and gifts 125,832 - 125,832 143,240
Grants 30,200 13,470 43,670 34,000
──────── ──────── ──────── ────────
156,032 13,470 169,502 177,240
════════ ════════ ════════ ════════

10

TAYLOR MADE DREAMS

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2021

5
Expenditure
Staff
costs
Depreciation
Other
costs
Total
2021
£
£
£
£
Raising funds
Fundraising
-
-
2,751
2,751
Charitable activities
Charitable Projects
31,238
-
63,679
94,918
Support costs
16,821
-
6,075
22,896
────────
────────
────────
────────
Total
48,059
-
72,506
120,565
════════
════════
════════
════════
6
Support costs
2021
£
Staff costs
16,821
Governance costs (independent examination)
2,790
Rent
2,990
Other
295
22,896
Total
2020
£
3,173
108,250
21,008
────────
132,431
════════
2020
£
14,544
1,260
3,756
1,448
21,008

7 Employees

Number of employees

The charity employed one employee during the year.

Employment costs

Wages and salaries
Social security costs
Pension contributions
2021
£
46,676
325
1,058
48,059
2020
£
39,308
1,248
998
41,554

There were no employees whose annual emoluments were £60,000 or more (2020: none).

The key management personnel of the charity comprise the trustees and the Chief Executive. The total employee benefits of key management personnel of the charity during the year were £41,411 (2020: £41,554).

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TAYLOR MADE DREAMS

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2021

8 Trustees

During the year no trustees were reimbursed any expenditure (2020: none).

9 Tangible fixed assets
Fixtures & Motor Total
Fittings vehicles
£ £ £
Cost
At 1 May 2020 788 18,195 18,983
─────── ─────── ───────
As at 30 April 2021 788 18,195 18,983
─────── ─────── ───────
Depreciation
At 1 May 2020 788 18,195 18,983
Charge for the year - - -
─────── ─────── ───────
At 30 April 2021 788 18,195 18,983
─────── ─────── ───────
Net book value
At 30 April 2021 - - -
═══════ ═══════ ═══════
At 30 April 2020 - - -
═══════ ═══════ ═══════
10 Debtors
2021 2020
£ £
Other debtors - 1,500
─────── ───────
- 1,500
═══════ ═══════
11 Creditors: amounts falling due within one year 2021 2020
£ £
Accruals 1,560 1,500
Trade creditors 861 -
─────── ───────
2,421 1,500
═══════ ═══════

12

TAYLOR MADE DREAMS

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2021

12 Restricted funds

Balance at 1 Incoming Resources Transfers Balance at
May 2020 resources expended between 30 April
funds 2021
£ £ £ £ £
Children in Surrey - 970 (970) - -
The Sussex Community - 2,500 (2,500) - -
Colyer Fergusson - 10,000 (10,000) - -
TMD Van 15,000 - - (15,000) -
COVID-19 7,000 - - - 7,000
─────── ─────── ─────── ─────── ───────
22,000 13,470 (13,470) (15,000) 7,000
═══════ ═══════ ═══════ ═══════ ══════

Children in Surrey fund represents a grant received to cover bucket list items, holistic therapy, medical travel grants for children with illness in Surrey.

The Sussex Community represents a grant to support children with life limiting illness to cover holistic therapy, counselling, bucket list items and family portrait experiences.

Colyer Fergusson fund represents a grant to cover bucket list items and support for disadvantaged children.

The TMD van fund represents a grant received that was specifically to fund the purchase of a van for the charity. As a result of COVID – during the year the Charles Lewis Foundation trustees agreed that we could use the £15,000 to support families, thus the funds have been transferred to unrestricted funds.

The COVID-19 fund relates to income received specifically to fund Covid-19 support (including food hygiene packs).

13 Designated funds

Balance at 1 Incoming Resources Transfers Balance at
May 2020 resources expended between 30 April
funds 2021
£ £ £ £ £
Taylor Made Dreams Centre 170,000 - - - 170,000
─────── ─────── ─────── ─────── ───────
170,000 - - - 170,000
═══════ ═══════ ═══════ ═══════ ══════

Included in designated funds is £170,000 for the future purchase of a leasehold property (the Taylor Made Dreams Centre) to support the future vision of the charity.

13

TAYLOR MADE DREAMS

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2021

14 Analysis of net assets between funds Designated Unrestricted Restricted Total
funds funds funds
£ £ £ £
Fund balances at 30 April 2021 are represented by:-
Current assets 170,000 161,752 7,000 338,752
Creditors: amounts falling due within one year - (2,421) - (2,421)
────── ────── ────── ──────
170,000 159,331 7,000 336,331
═══════ ═══════ ═══════ ═══════
Fund balances at 30 April 2020 are represented by:-
Current assets 170,000 96,445 22,000 288,445
Creditors: amounts falling due within one year - (1,500) - (1,500)
─────── ─────── ─────── ───────
170,000 94,945 22,000 286,945
═══════ ═══════ ═══════ ═══════
15 Control

The charity is under the control of the Trustees.

16 Charity information

Taylor Made Dreams is a Charitable Incorporated Organisation registered in England and Wales. The charity’s registered number and registered office address can be found on the legal and administrative information page.

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