2021-03-31-accounts - The Children's Hospital Charity

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Contents	Page
Report ofthe Management Committee	1-18
Independent Auditors' report	19-22
Statement of Financial Activities	23-24
Balance Sheet	25
Cash Flow Statement	26
Notes to the financial statements	27-47

Donations and	Legacies	Legacies				f2,815,346	82,950,528
Other Tradin	Activities					F133,617	5793,140
Investments						F53,646	660,692
Other income						6125,215	60
Charitable Activities						F862,979	f864,971
Raising Funds						F1,020,125	F1,278,033
Other						611,962	611,720
Net Gain I(Loss) on		Investments				F130,638	(F128,335)
le% egJ"		e	ttirs Ãf&eaV	=—".'	' .-.	~:SA&3	',; ='.R4 Ft'4l
Funds camed	forward	from prior year				F7,641,903	66,120,602
Build a Better	Future	Capital	Appeal cern'ed fonwrd			Z6, 107,779	F4,992,590
Other funds camed foruerd						82,897,520	E2,649313

The assets and liabilities	ofour charity as at 31st Mar	ch 2021 are stated below:
			RO'tel
Fixed Assets		f2,828,116	E2,692,450
Net Current Assets		E6,504,994	F5,163,272
Non Current Liabilities TIE'Ivl: WSL' ',,-		(f327,811)	(E213,819)
Unrestricted Undesignated	Income Funds	E1,007,330	f384,695
Unrestricted Designated	Income Funds	F4,738,686	E4,098,558
Restricted Income Funds		f3,245,984	f3,036,090
Pro(it Retained in Subsidiary		E13,299	f122,560

Total	Unrestricted	Funds of				5,759,315		4,605,813
Less:	Designated	Funds of	5			4,738,686	5	4,098,558
Less:	Fixed Assets of		E			576,508		613,345
			:0.	''	"	'444,421 I	'4'	'100,090,

					Unrestricted	Restricted	31 March	31 March
				Note	Funds	Funds	2021	2020
					6	6	f
Income and endowments			from
- Donations and	Legacies			3	2,378,354	436,992	2,815,346	2,950,528
-Other trading actiuties				3	133,617		133,617	793,140
- investments				2, 3	53,646		53,646	60,692
-Other				3	125,215		125,215
Total					2,690,832	436992	3 127824	3804360
Expenditure on
- Raising Funds				2, 4, 5	1,020,125		1,020,125	1,278,033
- Charitable activities				4	635,881	227,098	862,979	864,971
- Other				4	11,962		11,962	11,720
Total					1,667,968	227,098	1,895,066	2, 154,724
Net gains/(losses)		on inu.stments		11	130,638		130,638	(128,335)
Net income					1,153,502	209,894	1,363,396	1,521,301
Transfers between		funds
Net movement	in	funds			1,153,502	209,894	1,363,396	1,521,301
Reconciliation of		funds
Total funds brought		forward		17, 18	4,605,813	3,036,090	7,641,903	6,120,602
Total funds carried forward					5,?59,315	3,245,984	9,005,299	7,641,903

				Unrestrtcted	Restricted	31 March	31March
			Note	Funds	Funds	2021	2020
				6	6	f	6
income and endowments		from:
- Donations and Legacies				2,378,354	436,992	2,815,346	2,950,528
-Other trading activities				60,683		60,683	546,854
-Investments				165,918		165,918	154,880
-Other				125,215		125,215
Total income				2,730,170	436,992	3,167,162	3,652,262
Expenditure on:
-Raising Funds			4, 5	950,202		950,202	1,144,019
- Charitable activities			4	635,881	227,098	862,979	864,971
-Other			4	11,962		11,962	11,720
Total resources expended				1,598,045	227,098	1,825,143	2,020,710
Net gains/(losses)	on Investments		11	130,638		130,638	(128,335)
Net income				1,262,763	209,894	1,472,657	1,503,217
Transfers between	funds
Net movement in	funds			1,262,763	209,894	1,472,657	1,503,217
Reconciliation of	funds
Total funds brought	forward		17, 18	4,483,253	3,036,090	7,519,343	6,016,126
Total funds carried forward				5,746,016	3,245,984	8,992,000	7,519,343

			The Group		The	Charity
			31 March	31 March	31 Nlarch	31 March
		Note	2021f	2020f	2021f	2020f
Fixed assets
Intangible assets		9	91,461	103,798	91,461	103,798
Tangible assets		10	485,047	509,547	485,047	509,547
Investments		11	2,251,608	2,079,105	2,254,608	2,082,105
Total fixed assets			2,828,116	2,692,450	2,831,116	2,695,450
Current Assets
Stocks		2, 13	61,209	38,524
Debtors		2, 12	1,452,334	1,921,269	1,157,759	1,649,017
Cash at bank and	in hand		6,710,930	4,099,766	6,652,194	3,981,459
Total current assets			8,224,473	6,059,559	7,809,953	5,630,476
Liabilities
Creditors failing due within
one year		2, 14	(1,719,479)	(896,287)	(1,321,258)	(806,583)
Net current assets			6,504,994	5,163,272	6,488,695	4,823,893
one year		2, 15	(327,811)	(213,819)	(327,811)
Total net assets	or liabilities		9,005,299	7,641,903	8,992,000	7,519,343
The funds ofthe	charity
Unrestricted income funds		17	5,759,315	4,605,813	5,746,016	4,483,253
Restricted income	funds	18	3,245,984	3,036,090	3,245,984	3,036,090
Total funds			9,005,299	7,641,903	8,992,000	7,519,343

			31 March	31 March	31 INarch	31 March	31 March
				2021 f	2021 f	2020f	2020f
Cash flows from operating activities
Net cash provided by (used		in)
operating activities					2,251,193		2,167,660
Cash flows from financing	activities:
Loans received			343,000
Repayment of bank borrowings			(4,618)
Interest paid			(2,941)
Net cash provided by (used		in)
gnancing acgvitles					335,441
Cash flows from investing	activities:
Payments to acquire tangible		lixed
assets						(515,862)
Purchase ofinvestments			(808,672)			(424,028)
Sale ofinvestments			756,301			380,258
Investment cash movement			10,506			(5,162)
Interest receivable			16,315			15,690
Dividends receivable			50,080			52,180
Net cash provided by (used investing activities		in)			24,530		~444.424
Net increase in cash snd cash
equivalents					2,611,164		1,670,736
Cash and cash equivalents		at	1 April 2020		4,099,766		2,429,030
Cash and cash equivalents		st	31 INarch 2021		6,710,930		4,099,766
Cash and cash equivalents		consists of:
Cash at bank and in hand					6,710,930		4,099,766
Reconciliation of net income to net cash flow				from	operating activities
					2021 f.		2020f
Net income forthe reporting		period (as per the
statement offinancial activities)					1,363,396		1,521,301
Dividends received					(50,080)		(52,180)
Interest receivable					(16,315)		(15,690)
Interest payable					2,941
(Gains)/losses on investments					(130.638)		128,335
(increase)/decrease in stock					(22,685)		(21.463)
(Increase)/decrease in debtors					468,935		548,798
Increase/(decrease) in creditors					598,802		37,093
Depreciation & amortisation	charge				36,837		21,466
Net cash flow from operating			activities		2,251,193		2,167,660
Analysts ofchanges net debt					2021f	Cash Flowsf	2020f
Cash at bank and in hand					6,710,930	2,701,164	4,099,766
Borrowln9s
Bank borrowings due within one			year		(10,571)	(10,571)
Bank borrowings due after one		year			327,811	327,811
Total nst debt					6,372,548	2,362,782	4,099,766

Turnover			2021f	2020 f
Cost ofsales			72,934 ~68.176	246,286 ~132,893
Gross profit			4,818	113,396
Administration expenses			(1,807)	(1,124)
Operating Profit/(loss)			3,011	112,272
Retained profit/(loss)	for	the year	3,011	112,272
Retained profits brought forward Giit Aid distribution to Charity			122,560 ~112272	104,476 ~94,488
Retained profit/(loss)	carried forward		13,299	122,560
Net Assets			13299	122,560
Current assets			2021f	2020f
Stocks			61,209	38,524
Debtors			306,369	278,266
Cash in hand			58,736	118,307
			426,314	435,097
Creditors Amounts falling due	within one year		~419915	~95,718
Net current assets			16,299	339,379
Amounts falling due	atter	more than one year		~213,819
Total net assets or	liabilities		16,299	125560
Capital and reserves
Called up share capital			3,000	3,000
Retained earnings			13,299	122,560
Shareholder's funds			16,299	125,560

Notes tothe financial stateme 3.Income	nts forthe year e	nded 31INarch 2	021
Donations and legacies	Unrestricted f	Resbfcted f	2021	2020
Donations &giits	1,932,435	436,992	2,369,427	2,518,435
Legacies	445,919		445,919	432,093
	2,378,354	436,992	2,815,340	2.950 528
Other trading activities	Unrestricted	Restricted f	2021 f	2020
Trading Income	72,934		72,934	246,286
Fundraising and ewnt income	60,683		60,683	546,854
	133,617		133,617	793.14D
	Unrestricted	Restricted	2021	2020
Invesbnent income	f		f
Dividends	50,080		50,080	52,180
Interest	16,315		16,315	15,690
Gain on disposal	(12,749)		(12,749)	(7,178)
Gift Aid from Theo Bear Trading	112,272		112,272	94,188
Company Limited
	165,918		165,918	154,88D
Other Income	Unrestricted	Resb ictedf	2021f	2020f
COVID Job Retention Scheme	125,215		125,215
	125215		125,215
4.Expenditure on raising funds	Unrestrictedf	Reslrlctedf	2021	2020f
Costs ofraising donations	938,971		938,971	971,263
Trading company costs Eat costs	69,923 11,231		69,923 11,231	134,014 172,756
inu:stment related expenditure	11,962		11,962	11,720
	1,032,087		1,032087	1,209753
Charitable activities	Grant Fundingf	Supportf	2021f	2020
Designated Fund Grants	623,023		623,023	706,720
Restricted Fund Grants	81,771		81,771	46,582
Research: allocations	160,214		160,214	98,864
Research: written back	(34,185)		(34,185)	(12,332)
Support Costs		32,156	32,156	25,137
	830,823	32,156	862,979	864,971

5.Resources expended	5.Resources expended	2021f	2020f
Allocation	ofsupport costs
Governance		5,121	2,458
Information	Technology	6,740	3,667
Human Resources		5,393	3,604
Oflice Costs		9,385	9,931
Other		5,517	5,477
		32,155	25,137
The basis	ofallocation is staff time spent.
Governance costs		2021f	2020
Auditor's remuneration		8,400	5,952
Legal fees		6,273
Other		13,775	9,411
		28,448	15,363

7.Staff costs	2021	2020
	6
Basic salary	624,211	645,710
Social Security costs	53,194	53,377
Pension costs	42,565	48,536
	719,970	747,623

				2021	2020
Cost ofraising		voluntan/	income	18	21
Charitable	activities			4	4
					25

Notes tothe financial statements for the yea 9.Intangible assets	r ended 31March 20
Cost
At 1 April 2020	128,146
Additions
At 31 March 2021	128,146
Amortisation
At 1 April 2020	24,348
Amortisation in year	12,337
At 31 March 2021	36,685
Net book value at 31 March 2021	91,461
Net book value at 31 March 2020	103798

10.Tangible	fixed assets
		Charity and	Charity
		Group Office	and Group
		Equipment	Buildings	Total
		6	K	6
Cost
At 1 April 2020		58,782	495,343	554,125
Additions
At 31 March	2021	58,782	495,343	554,125
Depreciation
At 1 April 2020		39,625	4,953	44,578
Depreciation	in year	4,686	19,814	24,500
At 31 March	2021	44,311	24,767	69,078
Net book value at 31 March 2021		14,471	470,576	485,047
Net book uslue at 31 March 2020		19,157	490,390	509,547

11.Fixed asset investment	11.Fixed asset investment	11.Fixed asset investment		Listed	Other
				Invesbnents	investments	Total
Cost or valuation
At 1 April 2020				2,079,105	3,000	2,082,105
Additions				808,672		808,672
Disposals				(756,301)		(756,301)
Movement in cash held				(10,506)		(10,506)
Revaluation gain/(loss)				130,638		130,638
At 31 March 2021				2,251,608	3,000	2,254,608
Carrying amount at	31March 2021			2,251,608	3,000	2,254,608
investments at fair value		(determined	by reference		2021	2020
to the quoted market	value at the balance sheet
date) compromises:
The Charity
Shams in subsidiary	undertaking				3,000	3,000
Equities / Bond Funds					2,000,498	1,318,224
Securities					239,568	738,833
Cash within investment		portfolio			11,542	22,048
Total					2,255,608	2,082,105

12.Debtors			The Group		The	Charity
			31 March	31 March	31March	31 March
			2021f	2020f	2021f	2020f
Amounts due within the year
Trade Debtors			100,272	158,583
Prepayments -Amounts	and due(	accrued income 1 year	1,352,062	1,080,503	1,145,965	1,080,503
-Amounts	due)	1 year		682,183		562,500
Amounts owed by		group undertakings			11,794	6,014
			1,452,334	1,921,269	1.157,759	1.649,617

13.Stock	The Group		The	Charity
	31 March	31March	31 March	31	March
	2021f	2020f	2021f		2,020f
Stock ofgoods for resale	61209	38524
	61,209	38,524

14.Cre	d	itors: amo	unts falling due in le	ss than one year
				The Group		The	Charity
				31March	31March	31March	31 March
				2021	2020	2021	2020
						6	F
Trade Creditor				861,044	174,837	809,662	131,678
Creditors,		accruals	and deferred income	435,196	297,190	109,969	296,190
Tax and		Social Security		35,289	62,267	13,677	16,722
Amounts		committed	to projects	377,379	361,993	377,379	361,993
Charity	bank loan			10,571		10,571
Amounts		owed to group undertakings
				1,719,479	896,287	1,321,258	81$58S
15.Credttortx amounts falling due after				more than one year
				The Group		The	Charity
				31March	31March	31March	31 March
				2021	2020	2021	2020
						F
Creditors,		accruals	and deferred income		213,819
Charity	bank loan			327,811		327,811
				327 ~11	213813	327 811

17.Unrestricted		funds		Balance					Balance
				1 April	Incoming	Expenditure	&		31 March
						Grants
				2020	Resources	Committed		Transfers	2021
Designated:				f
-A&E				358,848	9,647				368,495
-AAU				879					879
-Action Lab				4,627	83				4,710
-Becton General					6,365				6,365
- Bereavement				55,767	1,225	(4,628)			52,364
-Bone Disease	Ol			17,306	3,105				20,411
-Burns Unit				33,044	1,915	(815)			34,144
-Cardiac Care					25				25
-Sophie's Fund				1,167					1,167
-Amber Lodge	~MHS			2,124					2,124
- Emerald Lodge		-CAMHS		3,391	195				3,586
- Ruby Lodge ~MHS				2,194					2,194
-Sapphire Lodge		-CAMHS		6,022		(180)			5,842
-Classroom &	Becton School			5,339					5,339
-Community CAHMS				8,217	1,263				9,480
-Comm Physio				2,128					2,128
-Covid-19				57,841	198,791	(41,505)			215,127
-CWAHMSParentLiason				1,976					1,976
-Cystic Fibrosis		Centre		30,159	624	(5,973)			24,810
-Dermatology				522					522
-Diabetes				26,066	14,386	(48)			40,404
-Embrace				84,345	12,036	(11,104)			85,277
-Endocrine clinic				10,436					10,436
- ENT				28,025	1,165				29,190
-Eye Department				6,777	11,201				17,978
-Food Therapy				8,253					8,253
-Gait Lab				3					3
-Gastroenterology				6,457					6,457
-Genetics				6,365		(385)			5,980
-Haematology	&	Oncology		768,703	565,296				1,333,999
- Haematoiogy	8	Oncology	1718
Pre launch				45,423		(5,257)			40,166
- Hearing Senices				321					2,625
- Late Etiects				36,264					36,264
- Leukaemia 8	Oncology Research			69,442	1 069	(14,887			55,624
Sub4otal				1,688,431	830,695	(84,782)			2,434,344
Continued overteaf. ..

Notes tothe financial stateme	Notes tothe financial stateme	Notes tothe financial stateme	nts for the y	ear ended	31March 2	021
17.Unrestricted funds
(continued. ..)			Balance						Balance
			1 April	Incoming	Expenditure	&			31 March
					Grants
			2020	Resources	Committed		Transfers		2021
Designated:								f	f
Brought fowrard			1,688,431	830,695	(84,782)				2,434,344
- Neonatal Surgical	Equipment-
MCC 17/18			26,799		(4,800)				21,999
- Neo-Natal Surgical		Unit	4,790	4,627		894			10,311
- Neuro Mr Zaki			7,578						7,578
-Ol Therapy			2,736			(48)			2,688
-OPAT			212						212
-Orthopaedics Procedures			15,240	772					16,012
-Outpatients			6,850	3,114	(715)				9,249
-Pain Management			1,223	221					1,444
—PCCU (was ICU &		HDU)	40,322	9,889	(10,920)				39,291
- Radiology			2,445	19					2,464
—Renal			4,895						4,895
-Rheumatology			22,063	540		(18)			22,585
- RMTL			1,204						1,204
- Ryegate Bike			20						20
- Ryegate Centre			26,914	6,095	(2,380)				30,629
- Ryegate Epilepsy			4,160						4,160
- Ryegate Helena's	Specialist
Nurses			5,194		(162)				5,032
- Ryegate House			13,604		(9,011)				4,593
-Ryegate Therapy	Block		7,278	1,029					8,307
-Sleep			72,171	2,824					74,995
-Spinal Unit			11,587	738	(435)				11,890
-Theatre Admissions		Unit	463	75					538
-Theatres			3,177	51	(1,923)				1,305
- Urology			240						240
-Ward 1 (formerly	S1)		19,113	295					19,408
-Ward 2 (formerly	S3)		24,727	1,074					25,801
-Ward 3 (formerly	M2)		3,995	1,325					5,320
-Ward 4 (formerly	M1)		675		(266)				409
-Ward 5 (formerly	S2-
Neurosciences)			121,626	22,779	(6,024)				138,381
Sub4otal			2,139,732	886,162	(120,590)				2,905,304
Continued overfeaf.	..

17.Unrestricted funds	17.Unrestricted funds		Balance				Balance
(continued. ..)			1 April	Incoming	Expenditure 8		31March
			2020 f	Resources f	Grants Committed	Transfersf	2021f
Designated:
Brought forward			2,139,732	886,162	(120,590)		2,905,304
-Active Challenge			36,996	17,402			54,398
-Active Challenge - Therapy Rooms Artfelt Project			20,000				20,000
-Artfelt				11,950	(87,810)	75,860
-Artfelt Ward 4 Project			15,840				15,840
- Safeguarding Support		Unit	7,712	4,886	(54)		12,544
- HDU (Artfelt)			4,303			(4,303)
-Christmas					(1,781)	1,781
- Donor Recognition Project	-Artfelt MIB		25,000		(24,839)	(161)
- EOS Scanner			15,907		(5,000)		10,907
- Helipad			27,104	8,082			35,186
- Patient Entertainment Hospital		Existing	9,365				9,365
- Play Specialists			1,553	95	(6,481)	4,833
- New Build (Artfelt)
- New Build -Artfelt	(Glazing)		6,000		(2,413)	(2,387)	1,200
- New Build -Artfelt cabinets)	(Museum		2,250		(2,962)	1,387	675
- New Build -Artfelt Rooms)	(Phlebotomy		5,000				5,000
- X-Ray Dept. (Artfelt)			6,465				6,465
- Building a Better Make it Better)	Future (was		1,310,804	252,332			1,563,136
-Research				80	34,185		34,265
-Special Projects Grants			464,527	54,869	(454,995)		64,401
-SPECTCT
Total designated funds			4,098,558	1,235,858	(672,740)	77,010	4,738,686
Undesignated funds			384,695	1,494,312	(794,667)	(77,010)	1,007,330
Total unresb icted	funds-
Charity			4,483,253	2,730,170	1,467,40		5,746,016
Proiit retained in subsidiary			122,560				13,299
Total unrestricted Group	funds-		4,605,813				5,759,315

(Acompany limited by	guarantee no	guarantee no	t having a share capital)	t having a share capital)
Notes tothe financial	statements		for the year ended 31		March 2021
18.Restricted funds			Balance				Balance
			1 April	Incoming			31 March
			2020 f	Resourcesf	Expendituref	Transfers	2021f
-Artfelt Workshops National
Foundation for Youth Music			20,312		(8,329)		11,983
-Artfelt Workshops 'Ihe Freshgate
Trust Fund			830				830
-Artfelt Workshops National		Lottery
Community Fund				9,395	(9,387)
-Artfelt Workshops The D'Oyly Carte
Charitable Trust				3,500	(260)		3,240
-Artfelt Workshops Wallace &
Gromirs Children's Foundation			6,830				6,830
-Bone Research			11,864				11,864
-Building a Better Future	(Ward 6
restricted)			100,000	100,000			200,000
-Chaplaincy			1,168				1,168
-Children's Brain Disorders Research				3,056			3,056
-Community Exercise Therapist				76,061			76,061
-Cystic Fibrosis (CFCF)			73,117				73,117
-Diabetes Type 1			88	8,379			8,467
- Do it For You			168				168
- Helipad			2,419,419	5,000			2,424,419
-Leukaemia Research			51,881	138			52,019
-Leukaemia and Oncology
Restricted			92,352				92,352
-Build it Better				593			593
-Plastic Surgery			175	346			521
-PLRS			53,988	1,544			55,532
-Research & innowtion			170,000		(145,328)		24,672
-Ryegate Centre Legacy			10,040				10,040
-Speech Therapy			495				495
-Toms Fund			3,638				3,638
-Trust Projects The True Colours
Trust			19,725		(15,044)		4,681
-Trust Projects Yorkshire	Children' s
Hospital Fund				47,500	(47,500)
-Ward 6 (Build it Better) BNA				100,000			100,000
-Ward 6 (Build it Better) Kay		Kendall
Leukaemia Fund				20,000			20,000
-Ward 6 (Build it Better) Westgeld
Health				50,000			50,000
-Ward 6Staff & Patient Support				11,480	1,250		10,230
			3,036,990	436,992	227,098		3,245,984

			2021	2021		2021
			Unrestricted	Restricted		Total
				5		5
Fixed Assets			2,828,116			2,828,116
Cash and current		investments	4,027,446	2,683,484		6,710,930
Current	assets		951,043	562,500		1,513,543
Current	liabilities		(1,719,479)			(1,719,479)
Non current liabilities			(327,811)			(327,811)
Total			5,759,315	3,245,984	.	9,005,299
			2020	2020		2020
			Unrestricted	Restricted		Total
			8	6
Fixed Assets			2,692,450			2,692,450
Cash and current		investments	2,188,676	1,911,090		4,099,766
Current	assets		834,793	1,125,000		1,959,793
Current	liabilities		(896,287)			(896,287)
Non current liabilities			(213,819)			(213,819)
Total			4,605,813	3,036,090		7,641,903

				2021f	2020f
The following grants		have been made during the year
Unrestricted funds:
	Medical	research projects within the Sheflield
	Children's	NHS FT		126,029	86,532
	Charity projects for which		there are designated
	funds			623,023	706,720
	Support	costs allocated		32,156	25,137
				781,208	818,389
Restricted	funds:
	Grants made projects for which there are restricted
	funds (note 18)			227,098	46,582
				1,000,306	064 011
All grants	made in year to Shemeld		Children's NHS FT