PRESTON AND CHORLEY TLC FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2025 PAGEIOF8 PRESTONAND CHORLEYTLC INDEX TO THF. FTNICIAL STATEMENTS Legal and admiillstrative inforn]ation R¢port 0ftr￿eS 4&5 Rep)rt of Exami Statement of financial activiti¢s Balance sheet Notes fonning part of the financial sta*ments PAGE20F8 PRESTON AND CHORLEY TLC LEGAL AND ADMINESTRATIVE INFORMATION Legal Statss; Charitable Incorwrated Organisation Registered Cbarity Number: 1208475 Trustees Philip Harry Gunning J¢fftey Alan Lucas Michael John Cunliffe Chairnwi Registered & Administrative address; 112 Langdale Rd Leyland PR25 3AS Independent Auditors: Mr D Alty Mr M Barron Bankers: Nat West Chorley Branch Sort Code 01-04-84 Account 3583700 CoutL8 Strand tA)ndon Sort Code 18-00-03 Account 02585235 Reference E0184 Donations. PAGE30F8 PRESTON AND CHORLEY TLC REPORT OF TRUSTEES The tTh￿tee present their rep)rt together with the financial statements of the charity for th¢ year ending 31° March 2025. The financial ststements have been prepared in accordance with the accounting ￿liCeS set out page 7 and comply with the charity's ¢onstilution and applicable law. Constitstion And Charitjible Objects Preston and Chorley TLC was fornied as a verbal agreement on the i ￿ Septen)ber 2010 and became a Charitable IncoTwTat￿I Organisation Constituted { Foundation Model ) on the 31st May 2024. The trusl is registered as a ¢P￿lty by the Clwity Commission. The full name of the charity is Preston and CIK>rley this bein8 its working name. Trustees The trustees of the clwity during the wiod covered by these financial statements are set out on page 3. New trustees have their legal obligations under the charity law explainol to them and are provided with a copy of the governin8 document and IntrOd￿ed to th¢ir fellow tn￿¢¢3. Development Md OryaDl8atioD of tbe Charity The charity commenced activities following consultation with Accident & Emergency Units. The idea of enabling Accident and Emergency stsff to improve the quality of care and friendliness of being able to offer s¢verely distressed children a soft teddy bear was endorsed by medical staff and par¢nts and guardiarLS of those childreL The staff can also demonstrale to the child procedures by first demonstrating thern on th¢ teddy ￿&r. The charity's fund raising Iwn in September 2010 with Freemason in West Lancashire rnising sufficient funds, the teddy Iws have been provided to Preston and ChoTIcy Hospitals. Since the charity started over 40000 children have had the stress of of visiting A & E dept and receiving treatmenL ieh'eved by receivin8 a TLC IKar. wluch they keep following their visit lo the hospitsl. The reaction to this t￿IdY bear from the children. parents and guardians, the medical staff at the hospitals, alon8 with anyone who h&$ experienced the fear of a child at anA & E dept is nothing but praise for this simple but appropriate way of relieving distress and suffering. The trustees would like to thank the TLC committee and all the volunfrers who have helped the ap[￿al, througb their ceaseless effort in their own time and at their cxpense. which has ensurcd thc su￿¢S8 of the ¢k￿rity. Most imwrtanuy thc trustccs would like to thank everyone who h&s donated to the fund. PAGE40F8 PREsfoN AND CHORLEY TLC REpoirf OF THE TRUSTEES { ContiDued) Financial revim The slatement of financial activities for the y¢ar shows income resources amounting to just over £ 7500. Of this income and existing reserves approximately £ 2500 was utiliwl in purchasing Teddy Bears for ￿ by children's A&E departments. No expenses were incurred in the rLmning OT rnanagement of the Clwity, all these costs being borne by the Tnlstees or members of the Comtnittee personally in addition to volunteering a significant part of their time. For that effort the Trustees are ¢xtr¢mely grateful, At the end of the year there is a fi￿d balance of £ 15654 which will be used for the purch&se of further soft toys and other ilems to achieve the objects of the Charity in the future. This balance of funds will ¢nable the charity lo continue its activities for almost a further two years after the end of the financial period to 31103r2025. The trustees wish thc Charity io continue its activities at the same level for a significantly longer period and therefore encourdgc all Freemasons to continue to donate to the app¢al. Regerve poli The Trustees have considered their policy on ￿serveS for the charity. The Charity's income is dependant, almost entirely. UPK>n donations from Freem&sons. Donations. by nature, ￿111 fluctuate so, in order lo ensute that the Charity's activities are not affected by such fluctuations in donatio￿, the Tn￿te¢S have decided to maintain a level of reserves equivalent to approximately two years expendittwe on charitsble activities. In current ternis this would amount to approximately £ 7(M)O basoj upon recent history, Rtsk MAnag¢n)¢nt The trustees hav¢ examined and considered the strategic and operational risks that the charity faces. Steps are taken to ensure that all lten￿ donated to hospital A&E departrnents meet current regulatory and safety standards. The charity is entirely dependant uwn the 8ssislan¢e of volunteers. the trustees continue to recrnit new volunteers to ensure we able to maintain th¢ activities of the charity The risks are reviewed regularly by the trustees in order that any steps neCe￿ary to be taken are taken in adequate timc. half of the trustees PAGE50F8 PRESTON AND CHORLEY tNDEPENDENfAUDITORS REPORTTO THE TRUSTEES OF TEDDIES FOR LOVING CARE We rqx)rt to the accounts of th¢ cP￿rity for the year ending 31. MARCH 2025. The accounts have been exarnin￿ and are a In￿ reflection of the current financial pN)sition, On beh e auditors ,J( PAGE60F8 PRESTON AND CHORLEY TLC STATE.ME,NT OF FINICIAL ACTIVITIES INCLUDING TNCOME AND EXPENDITURE FOR THE YEAR ENDED 31 ST MARCH 2025 General Atcounl Income from Donations 7503.00 Totsl Income Expenditure Transfer to Relief Chest E0184 7503.00 5(XX).(K) Totsl Expenditure Income less expenditure Op¢ning Balance Balance at Bank s(￿.(m) 2503.00 4686.18 7189.18 note I Rellef Cbest EO184 Income from Regular Donations inc Tax Gift Aid Receipts inc Tax General Acc Transfer Miscellaneous Receipt Interest 242.50 258.75 5000.00 i (x).00 360.02 Total Income 5961.27 4940.99 Tots] ExpeDditure Purchase of B¢ar5 10902.26 2436.48 Totsl Exp*ndituTe Relief Chest E0184 2436.48 8465.78 Note 2 Fund Balance Note l+Note 2 7189.] 8 + 8465.78 15654.96 PAGE 7of 8 PRESTON AND CHORLEYTLC BALANCE SHEET AS AT 31ST MARCH 2025 Current Assets Bank balanee8 General Account Relief Chest E0184 7189.18 8465.78 15654.96 Creditors Funds 15654.96 Dated..... 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