REGISTERED COMPANY NUMBER: 10492737 (England and Wales) REGISTERED CHARITY NUMBER: 1174553
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 30 November 2020
for
Teddy20 Supporting Children with Cancer Limited
Ward Goodman 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF
Teddy20 Supporting Children with Cancer Limited
Contents of the Financial Statements for the Year Ended 30 November 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| IndependentExaminer's Report | 4 | ||
| Statement ofFinancial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| NotestotheFinancialStatements | 8 | to | 14 |
Teddy20 Supporting Children with Cancer Limited (Registered number: 10492737)
Report of the Trustees for the Year Ended 30 November 2020
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 30 November 2020. 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 | January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Teddy 20 supporting Children with Cancer Ltd registered as a charity in 2017. Our objective is to support, financially, children and their families when undergoing treatment or in terminal illness circumstances. Our objective is to relieve the needs of children suffering from cancer, and their families, by providing or assisting with the provisions of equipment, facilities and services not normally provided by the statutory authorities and by providing financial and emotional support.
Significant activities
The charity's purpose continues to provide financial and emotional support to children and families undergoing treatment for cancer.
In addition to this, Teddy20 Supporting Children with Cancer received a £10k legacy which has been posted to our deposit account.
Throughout 2020 Teddy 20 fund raising has been severely hindered by COVID 19 restrictions. However, our supporters managed to raise £14.6k remotely using modern social media platforms. We are incredibly grateful for their continued support.
Sadly, Ted's Shack, our holiday home in Weymouth, Dorset had to remain closed. We were able to secure a grant from the COVID 19 Relief Fund to cover the ground rent for 2020.
Since April 2020, the charity's employees have been furloughed resulting in the charity benefitting from Job Retention Scheme grants totalling £9k.
Teddy Rocks, which should have been held in May 20, had to be postponed.
This year we issued 13 Financial Grants to families totally £4k and special gift of £1.5k to a child, who was in hospital.
Public benefit
The trustees have referred to the duty in section 17(5) of the 2011 Charities Act to have due regard to public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
Volunteers
The Trustees are very grateful for the volunteers who gave up their time for the charity as well as help at the Teddy Rocks Festival.
FINANCIAL REVIEW
Financial position
Total income for the financial year was £59,133 (2019: £332,393) and expenditure was £50,705 (2019: £304,123). From this the net surplus for the year was £8,428 (2019: Surplus - £28,270).
Reserves policy
As trustees we have set a reserves policy which gives us sufficient reserves equivalent to at least 3 months forward expenditure. The reserves are held at 30th November 2020 were £104,288 (2019: £95,860) in unrestricted reserves. The charity does not have restricted reserves.
The charitable company has free reserves of £90,999 as at 30 November 2020 (2019 - £87,076). The Trustees consider this level of reserves to be sufficient to deliver charitable objectives for the next twelve months. Free reserves are calculated by deducting fixed assets from the unrestricted (and undesignated) reserves held at the year-end.
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Teddy20 Supporting Children with Cancer Limited (Registered number: 10492737)
Report of the Trustees for the Year Ended 30 November 2020
FUTURE PLANS
We hope that once restrictions are lifted, we will be able to open Ted's Shack and it will continue as before as more families are taking the chance of respite away from treatment. Teddy 20 will continue to maintain its high standard and also keep working in partnership with CLIC Sargent and Piam Brown Ward regarding referrals. We aim to continue supporting CLIC and its Home from Home in Southampton so families can stay in it while the child is having chemo.
Teddy Rocks has been postponed until 2022 and we are pleased that the bands we secured for 2020 festival have all agreed to play at the 2022 event.
The Cycle Tour, which was deferred has been booked for June 2021. Also, we will again be skydiving and organising Jurassic Challenge Walk.
Following the exceedingly difficult year, the trustees have reviewed the reserves to ensure that all the charity commitments can be met. At the date of signing the accounts, the Charity has cash reserves of £76k. Staff will remain to be furloughed and all expenses kept to the minimum.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an incorporated charity.
Recruitment and appointment of new trustees
Trustees are recruited and appointed when there is a sufficient need or room on the Board of Trustee's.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 10492737 (England and Wales)
Registered Charity number 1174553
Registered office 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF
Principal address 4 Westbury Way Blandford Forum Dorset DT11 7DH
Trustees
Mrs J Boyd Mrs M Corben Mrs S M Couling Treasurer O E Newton Chairperson I Corben Ms S Hunt Mrs K F Newton Mrs S Churchill
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Teddy20 Supporting Children with Cancer Limited (Registered number: 10492737)
Report of the Trustees for the Year Ended 30 November 2020
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Ward Goodman 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF o—_ =) ¢ *) s Approved by order oftheftrustees on _Olo3|Aoe /.... and signed on its behalf by: O E Newton - Trustee
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Independent Examiner's Report to the Trustees of Teddy20 Supporting Children with Cancer Limited
Independent examiner's report to the trustees of Teddy20 Supporting Children with Cancer Limited ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (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
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:
-
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
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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
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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.
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oe
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Mr I M Rodd BSc FCA FCCA
ICAEW Ward Goodman 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF
pate: AS Mawel 202,
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Teddy20 Supporting Children with Cancer Limited
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 November 2020
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|||||||
|---|---|---|---|---|---|
|2020|2019|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|3|44,432|312,990|
|Other|trading|activities|4|14,687|19,402|
|Investment|income|5|14|1|
|Total|59,133|332,393|
|EXPENDITURE|ON|
|Raising|funds|2,150|216,165|
|Charitable|activities|6|
|Charitable|Activities|35,507|61,921|
|Ted's|Shack|6,768|11,098|
|Other|6,280|14,939|
|Total|50,705|304,123|
|NET INCOME|8,428|28,270|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|95,860|67,590|
|TOTAL FUNDS|CARRIED FORWARD|104,288|95,860|
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The notes form part of these financial statements
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Teddy20 Supporting Children with Cancer Limited (Registered number: 10492737)
Balance Sheet
30 November 2020
| 2020 | 2019 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | £ | £ | ||
| FIXED ASSETS | ||||
| Tangible assets | 12 | 13,289 | 8,784 | |
| CURRENT ASSETS | ||||
| Debtors | 13 | 72,835 | 39,510 | |
| Cash atbank | 82,500 | 85,586 | ||
| 155,335 | 125,096 | |||
| CREDITORS | ||||
| Amounts falling due within one year | 14 | (64,336) | (38,020) | |
| NET CURRENTASSETS | 90,999 | 87,076 | ||
| TOTALASSETS LESS CURRENT | LIABILITIES | 104,288 | 95,860 | |
| NETASSETS | 104,288 | 95,860 | ||
| FUNDS | 15 | |||
| Unrestricted funds | 104,288 | 95,860 | ||
| TOTALFUNDS | 104,288 | 95,860 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of theCompanies 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
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(b) 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 otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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Teddy20 Supporting Children with Cancer Limited (Registered number: 10492737)
Balance Sheet - continued
30 November 2020
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 ....C2CT. 3) A402)... and were signed on its behalf PY
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0 E Newton - T uustee
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The notes form part of these financial statements
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Teddy20 Supporting Children with Cancer Limited
Notes to the Financial Statements for the Year Ended 30 November 2020
LEGAL FORM
The Teddy20 Supporting Children s a charity registered in the UK (registered charity number 1174553) and is a private company limited by guarantee, registered in England and Wales (registered company number 10492737). Further details on page 2. The charity is a public benefit entity.
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.
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.
Grants (including those received from government bodies) are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Grant income is deferred when the donor specifies use of the grant to be in the future, or where there are conditions for full entitlement and those conditions have not yet been satisfied.
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. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost Fixtures and fittings - 20% on cost Motor vehicles - Straight line over 5 years Computer equipment - 33% on cost
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.
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Teddy20 Supporting Children with Cancer Limited
Notes to the Financial Statements - continued
for the Year Ended 30 November 2020
2. ACCOUNTING POLICIES - continued
Deferred income
Deferred income is recognised where the charity has received funds from a third party where the project or purpose of the funds takes place in the following financial year.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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.
Creditors
Creditors 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.
3. DONATIONS AND LEGACIES
| DONATIONS ANDAND LEGACIES | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Donations | 16,765 | 49,904 |
| Gift aid | 476 | - |
| Legacies | 10,000 | - |
| Grants | 17,191 | - |
| Teddyrocks tickets, sponsorship and merchandise | - | 263,086 |
| 44,432 | 312,990 | |
| Government Grant Income | 2020 | 2019 |
| £ | £ | |
| Covid-19 Response Grant | 7,950 | - |
| HMRC Job Retention Scheme Grant | 9,241 | - |
| 17,191 | - | |
| OTHER TRADING ACTIVITIES | ||
| 2020 | 2019 | |
| £ | £ | |
| Fundraising events | 11,054 | 8,784 |
| Challenge income | 3,633 | 10,618 |
| 14,687 | 19,402 |
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Teddy20 Supporting Children with Cancer Limited
Notes to the Financial Statements - continued
for the Year Ended 30 November 2020
INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | |||
| Interest receivable - trading | 14 | 1 | ||
| CHARITABLE ACTIVITIES COSTS | ||||
| Grant | ||||
| Direct | fundingof | Support | ||
| Costs | activities | costs | Totals | |
| £ | £ | £ | £ | |
| Charitable Activities | 2,388 | 4,000 | 29,119 | 35,507 |
| Ted's Shack | 6,768 | - | - | 6,768 |
| 9,156 | 4,000 | 29,119 | 42,275 | |
| NETINCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Depreciation - owned assets | 6,198 | 3,765 | ||
| INDEPENDENT EXAMINERS' REMUNERATION | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Independentexaminersremuneration | 2,400 | 2,640 |
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2020 nor for the year ended 30 November 2019.
Trustees' expenses
No expenses were reimbursed in the year ending 30 November 2020 (2019: £nil).
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Teddy20 Supporting Children with Cancer Limited
Notes to the Financial Statements - continued for the Year Ended 30 November 2020
10. STAFF COSTS
| 10. | STAFF COSTS | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | |||
| Wages and salaries | 17,212 | 23,782 | ||
| 17,212 | 23,782 | |||
| The average monthlynumber ofemployees during the yearwas as follows: | ||||
| 2020 | 2019 | |||
| Average number ofemployees | 2 | 3 | ||
| No employees received emoluments in excess of£60,000. | ||||
| 11. | COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES | |||
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 312,990 | |||
| Other trading activities | 19,402 | |||
| Investment income | 1 | |||
| Total | 332,393 | |||
| EXPENDITURE ON | ||||
| Raising funds | 216,165 | |||
| Charitable activities | ||||
| Charitable Activities | 61,921 | |||
| Ted's Shack | 11,098 | |||
| Other | 14,939 | |||
| Total | 304,123 | |||
| NETINCOME | 28,270 | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 67,590 | |||
| TOTALFUNDSCARRIED | FORWARD | 95,860 |
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-
TANGIBLE FIXED ASSETS
Teddy20 Supporting Children with Cancer Limited
Notes to the Financial Statements - continued for the Year Ended 30 November 2020
14,
| TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Freehold | and | Motor | Computer | ||
| property | fittings | vehicles | equipment | Totals | |
| £ | £ | £ | £ | £ | |
| COST | |||||
| At 1 December 2019 | 11,500 | 465 | - | 3,058 | 15,023 |
| Additions | - | - | 10,703 | - | 10,703 |
| At 30 November 2020 | 11,500 | 465 | 10,703 | 3,058 | 25,726 |
| DEPRECIATION | |||||
| At 1 December 2019 | 5,367 | 39 | - | 833 | 6,239 |
| Charge for year | 3,066 | 93 | 1,962 | 1,077 | 6,198 |
| At 30November 2020 | 8,433 | 132 | 1,962 | 1,910 | 12,437 |
| NET BOOKVALUE | |||||
| At 30 November 2020 | 3,067 | 333 | 8,741 | 1,148 | 13,289 |
| At 30 November 2019 | 6,133 | 426 | - | 2,225 | 8,784 |
| DEBTORS: AMOUNTSFALLINGDUEWITHIN ONEYEAR | |||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Trade debtors | 1,000 | - | |||
| Other debtors | - | 430 | |||
| Prepayments | 71,835 | 39,080 | |||
| 72,835 | 39,510 | ||||
| CREDITORS: AMOUNTS FALLINGDUE WITHIN ONE YEAR | |||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Trade creditors | 19,651 | 20,959 | |||
| Deferred income | 41,010 | 12,648 | |||
| Accrued expenses | 3,675 | 4,413 | |||
| 64,336 | 38,020 |
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- MOVEMENT IN FUNDS
Teddy20 Supporting Children with Cancer Limited
Notes to the Financial Statements - continued for the Year Ended 30 November 2020
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Net|
|At|movement|At|
|1.12.19|in|funds|30.11.20|
|£|£|£|
|Unrestricted|funds|
|General|fund|95,860|8,428|104,288|
|TOTAL|FUNDS|95,860|8,428|104,288|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|59,133|(50,705)|8,428|
|TOTAL FUNDS|59,133|(50,705)|8,428|
|Comparatives|for|movement|in|funds|
|Net|
|At|movement|At|
|1.12.18|in|funds|30.11.19|
|£|£|£|
|Unrestricted|funds|
|General|fund|67,590|28,270|95,860|
|TOTAL|FUNDS|67,590|28,270|95,860|
|Comparative|net movement|in|funds,|included|in the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|332,393|(304,123)|28,270|
|TOTAL FUNDS|332,393|(304,123)|28,270|
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Notes to the Financial Statements - continued for the Year Ended 30 November 2020
-
MOVEMENT IN FUNDS- continued
Teddy20 Supporting Children with Cancer Limited
A current year 12 months and prior year 12 months combined position is as follows:
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||||||
|---|---|---|---|---|
|Net|
|At|movement|At|
|1.12.18|in|funds|30.11.20|
|£|£|£|
|Unrestricted|funds|
|General|fund|67,590|36,698|104,288|
|TOTAL|FUNDS|67,590|36,698|104,288|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|391,526|(354,828)|36,698|
|TOTAL FUNDS|391,526|(354,828)|36,698|
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RELATED PARTY DISCLOSURES
During the year ended 30 November 2020 one close family member of Trustees received remuneration of £7,600 (2019: £11,040).
Trustees and close family members of trustees made donations in kind of £3,595 to the charity during the year ending 30 November 2020 (2019: £6,063).
Trustees were reimbursed £nil for out of pocket expenses in the prior year, no expenses were claimed in the year ending 30 November 2020.
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