2022-03-31-accounts

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Company Registered No: 01224751 Registered Charity No: 505002

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Welcome	05
About Us	06
Our Charity Values	07
Meet Our Trustees	08
2021/22 in Review	10
Highlights	12
Report of the Management Committee	32
Independent Auditors’ report	36
Statement of Financial Activities	38
Balance Sheet	40
Cash Flow Statement	42
Notes to the Financial Statements	44

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Welcome

Paul Firth Chair The Children’s Hospital Charity

John Armstrong Chief Executive Officer The Children’s Hospital Charity

2021/22 will rank as one of the most memorable years in the history of Sheffield Children’s NHS Foundation Trust and we are proud to be contributing to our shared vision that children and young people will always receive outstanding care.

Thanks to the support of the public, The determined to help ensure Sheffield Children’s Hospital Charity enjoyed a Children’s NHS FT can be the very best record-breaking year for fundraising and it can be. successfully completed the appeal for a new Cancer and Leukaemia ward at Our Charity team have been innovative in Sheffield Children’s NHS FT, which opened creating new ways in which our supporters to patients in December 2021. can continue to raise funds. This has

Our Charity team have been innovative in creating new ways in which our supporters can continue to raise funds. This has included diversifying our events portfolio and finding new ways for the public to show their support.

The new ward is bigger and brighter, with improved spaces for parents to stay with their children and a dedicated playroom at the heart of the ward for everyone to enjoy.

the heart of the ward for everyone to enjoy. As we look to the future, our next appeal is to build a new helipad on the roof of The fundraising for the project was the Emergency Department at Sheffield completed by the Bears of Sheffield Children’s NHS FT, which is a nationally sculpture trail. Bringing together families designated Major Trauma Centre for and friends, businesses, schools and South Yorkshire and Bassetlaw. artists, 161 of the distinctive sculptures were on display brightening public Currently, air ambulances land in the places across the city and raising a public park opposite where critically ill record-breaking over £1m. patients are then transported across the

Currently, air ambulances land in the public park opposite where critically ill patients are then transported across the busy A57 under a police escort before entering the Emergency Department. The new helipad will support the journeys of young patients who require urgent critical care as soon as possible from across South Yorkshire, Derbyshire and Lincolnshire.

Once again, our supporters have rallied to help, and memorably through a daily online vote, the Charity won £100,000 from Persimmon Homes towards the new helipad. Over 450 decorations then brightened up eight sites across the region in our beloved snowflake appeal, seeing a record-breaking over £363,000 raised. The ongoing COVID-19 pandemic continued to provide challenging circumstances for everyone in the Charity sector, but they have made us even more

As always, we would like to thank all associated with The Children’s Hospital Charity, from our staff and donors to our volunteers, for their continued support. None of this would have been possible without you.

Sheffield Children’s NHS FT patient, Caleb with his mum and sister.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)
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About
Us
Sheffield Children’s
NHS FT is at the heart of
everything we do at the
Charity. We come together
as one team, delivering
over and above the NHS
provision and ultimately
enhancing the experience
for patients and families
visiting the Trust.
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difficulties. Sheffield Children’s NHS FT also provides community and mental health care as well as acute and specialist services for children from 0-16 years old.

heffield Children’s NHS FT is a leader in children’s health and shapes future paediatric care Sglobally. Professionally, many colleagues are amongst the best in their fields, being recognised nationally and internationally.

Here is an example of where children travel from for specialist treatment at Sheffield Children’s NHS FT.

Here at The Children’s Hospital Charity, we change children’s lives every day by supporting groundbreaking medical treatment and creating a comfortable, engaging environment. Donations, fundraising, and sponsorship help to create a healthier future for children and young people who visit.

One of only three specialist standalone children’s Trusts in the UK, the other two being Alder Hey and Great Ormond Street, children and young people travel from all over the country and the world to Sheffield Children’s NHS FT.

Sheffield Children’s NHS FT is unique in the breadth of its expertise, supporting children and young people in many different ways. Several UK-wide and international centres are at Sheffield Children’s NHS FT, providing highly specialised healthcare, making it a leader in children’s health. This includes neurosurgery and intensive care, through to supporting with the management of longterm conditions like cystic fibrosis or sleep

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Our
Charity
Values
EXCELLENCE
We strive to be dynamic and
creative in our work, winning
awards for our innovation, enhancing
the patient and family experience.
With excellence we can have an impact
on those we support, going above
and beyond the NHS provision and
supporting Sheffield Children’s
NHS FT be a leader in
paediatric care.
TOGETHER
INCLUSIVITY
PASSION
We come together as
one team with colleagues,
patients, families and donors.
We are passionate about
Sheffield Children’s NHS
FT, a cause we care
deeply about.
We promote diversity and
are committed to inclusivity
with all colleagues, supporters
and individuals, to all feel
valued, respected and
appreciated.
Sheffield Children’s
NHS FT is at the heart of
everything we do. We are
passionate about the families
we serve, the supporters we
look after and the difference
we make to future
paediatric care.
We are led by kindness,
empathy, and understanding.
We support and go above and
beyond for our donors, caring
and listening to their needs.
COMPASSION
We are transparent, with the money
raised and the projects we fund going
above and beyond to help create a
healthier future for children and young
people. We are accountable to our
environment, aiming to achieve
sustainability together.
ACCOUNTABILITY
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The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Meet Our Trustees

The Children’s Hospital Charity were delighted to welcome two new Trustees in 2021/22 to support the fundraising efforts for Sheffield Children’s NHS FT.

Paul Firth Chair of The Children’s Hospital Charity

Paul has more than 35 years’ experience as a commercial lawyer and he has advised many large institutions companies and local authorities on developments and general commercial matters.

Trustees help oversee the Charity’s long-term strategy, as well as contributing to, and supporting the management of the Charity, ensuring it delivers significant income to improve children and young people’s lives.

Paul is currently Head of Legal at Curvalux Inc., having been a senior figure at DLA Piper and more latterly Irwin Mitchell over many years.

During his tenure as Chair, Paul has overseen the successful completion of numerous fundraising appeals and projects, including £10M of charity contributions towards four world-class new wards at the hospital, as well as a new Safeguarding Support Unit and Cancer and Leukaemia ward.

John Warner

John qualified with BHP Chartered Accountants in 1980 before becoming a partner in 1987. John later became joint managing partner in 2009 and sole managing partner from 2011-2019. During this time, BHP has grown to be the largest independent firm in Yorkshire.

He provides a range of services to a substantial corporate client base, mainly comprising of locally owned SMEs, including strategic and business planning, succession planning and advice on company shareholdings and structures. In 2011 he received the Lifetime Achievement award at the South Yorkshire Dealmakers Dinner.

Sarah Jones

Sarah was appointed as Chair, Board of Directors at Sheffield Children’s NHS FT in September 2016, after holding a nonexecutive director role on the Board from August 2008.

She also chairs the Council of Governors and the Board Nominations and Remuneration Committee and also sits on the Hospital Redevelopment Project Board.

Outside of the Trust Sarah is Chair of Digital Outreach Ltd, an organisation which supports the harder to reach in our communities with various campaigns.

Professor David Barnett

David is currently an NHS Consultant Clinical Scientist within the HaematoOncology Diagnostic Service at the Department of Haematology at Royal Hallamshire Hospital, which serves two million people.

He is also Director of the United Kingdom National External Quality Assessment Scheme for Leucocyte Immunophenotyping (UK NEQAS LI) that provides External Quality Control (EQA) to over 3,000 international laboratories in 53 countries.

Ruth Brown

Mark Rooker

Ruth was appointed the first female Chief Executive of Sheffield Children’s NHS FT in December 2021. She originally joined Sheffield Children’s NHS FT as Executive Director of Strategy and Operations in 2017, bringing 32 years of NHS experience.

Mark is Commercial and Campus Development Manager at Sheffield Hallam University, where his role involves integrating Sheffield Hallam and its students with the wider city region. He has worked in various commercial, consultancy, sales and marketing roles throughout his career for a number of charities and world-leading organisations.

In 2019, she was appointed into the post of Deputy Chief Executive at the Trust, before moving into the role of Chief Executive. Ruth is responsible for the day-to-day operational delivery of services and development of long-term plans and strategy.

Mark’s involvement with The Children’s Hospital Charity began in 2003, when he supported a fundraising campaign through his employer. In 2012, he became a volunteer for the Charity and in 2019, he was elected as a Public Governor at Sheffield Children’s NHS FT.

Professor Rachel White Amaka Offiah

Amaka is Professor in Paediatric Musculoskeletal Imaging and Consultant Paediatric Radiologist at the University of Sheffield and Sheffield Children’s NHS FT. Professor Offiah has published over 150 peer reviewed articles, book chapters and books, and given over 250 invited national and international lectures.

Rachel joined Henry Boot PLC in 2001 as a Graduate Trainee. She then undertook various external qualifications, before working her way up to the role of Group HR Manager in 2010, becoming Head of HR in 2015 and HR Director in 2022.

Rachel has also been directly involved in supporting The Children’s Hospital Charity through her employer, where she has worked on the Charity Committee.

Professor Offiah chairs the Scientific Advisory Committee at Sheffield Children’s NHS FT and is Director of Wellbeing, Equality, Diversity and Inclusion for the Faculty of Medicine, Dentistry and Health at the University of Sheffield. At the time of her promotion in January 2020, Professor Offiah was only the UK’s second black female professor in medicine.

Rachel has Group strategic responsibility for everything people related, which includes the responsibility for HR, Employee Benefits, Reward & Remuneration, Learning & Development and Payroll.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Rogue O’Reilly was just 11 days old when she required critical care at Sheffield Children’s NHS FT for bronchiolitis.

2021/22 in Review Our highlights, achievements, and activities

FACTS & FIGURES

Despite the unprecedented times caused by the COVID-19 pandemic, the Charity continued to benefit from outstanding support and raised over £5million for Sheffield Children’s NHS FT.

Trading

26%

This includes money raised form Bears of Sheffield sponsorship, merchandise, the Farewell Event and the proceeds from the final auction of the sculptures in October 2021. It also includes any income from our investments.

Legacies

22[%]

Donations and fundraising

52%

This includes: • Snowflakes across Sheffield Children’s NHS FT and South Yorkshire

Little Bears of Sheffield fundraising
Pyjama Day
Glow Run
Sponsored runs, walks, skydives and head shaves
Corporate fundraising, national raffles and Charity of the Year events
Donations from Trusts, Foundations and our group of philanthropists, The Children’s Champions

This includes residuary gifts (where we receive a share of the estate) as well as pecuniary gifts (gifts of specific amounts). Gifts left in Wills ranged from £1,000 to £322,000 in 2021/22.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Highlights

THE BEARS OF SHEFFIELD

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The Bears of Sheffield was a sculpture trail which
was on display between July and September
2021. It began exactly a year later than initially
planned and was one of the first major events to be
held since the onset of the COVID-19 pandemic.
It involved 60, 2.1m tall sculptures which were
sponsored by organisations, and families, and
decorated by acclaimed artists, as well as 100
smaller Bears which were fundraised for and
decorated by schools, nurseries, and colleges. It
also included a very special Theo Bear sculpture
in honour of our charity mascot!
The project raised £1,047,000
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The Bears showed us once again what we can achieve together when we are united behind a great cause and we’re delighted it completed the fundraising to transform the Cancer and Leukaemia Ward. HERE ARE A FEW FACTS AND FIGURES FROM THE BEARS…

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100 1 Over
Little Bears, £91,000
decorated by Theo income from
school pupils sculpture Bears
across the region merchandise
158 people
60 registered to
Big Bear sculptures take part in the
designed by local Bear-a-thon,
and international raising
artists £20,000
Over 3,466
13,000 visited the Bears
app/website users Over Farewell raising
for the trail £19,248
£188,000
raised from £525,200 Theo Bear at
fundraising and raised at Winter Gardens
donations during the Bears most visited Bear
the trail Auction 2689 visits
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The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)
SNOWFLAKES
Hundreds of sparkling snowflakes were lit
up for Sheffield Children’s NHS FT across
eight locations around South Yorkshire and
Derbyshire, raising a project record of over
£363,000. The snowflake appeal has now
raised more than £1m since its inception.
£293,000 £2,300 £3,300
Becton Ryegate
Sheffield Raised from 12 Raised from 12
Children’s Snowflakes Snowflakes
Hospital
Raised from 310 Snowflakes
£4,000 £16,900 £4,000
Homes by Holmes
Alhambra St John’s
Raised from 11 Snowflakes Chesterfield
Church, Owlerton
Raised from 11 Snowflakes
Raised from 20 Snowflakes
£12,200 £8,600 £19,100
from switch-on
Crystal Peaks raffle money and Sheffield
Raised from 35 Snowflakes collection tins City Hall
Raised from 30 Snowflakes
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The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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ACTIVE CHALLENGES
Active challenges returned to the
fundraising calendar, raising over £366,800
by supporters running, walking, trekking,
COMMUNITY
jumping out of a plane and cycling miles
for Sheffield Children’s NHS FT. FUNDRAISING
Highlights include over 200 runners in The community fundraising team CHILDREN’S
the Sheffield Half Marathon, 158 took on supported hundreds of fundraisers
CHAMPIONS
the Bear-a-thon raising £20,000 and Glow raising over £700,000.
Run returned in December 2021 raising
over £23,000. We are incredibly grateful to our Children’s
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We are incredibly grateful to our Children’s Champions, who make significant generous gifts to support Sheffield Children’s NHS FT. Children’s Champions are a unique group of individuals, companies and private family trusts all sharing in one passion, to help our patients and their families at Sheffield Children’s NHS FT.

THE CHARITY HUB AND TRADING

Our trading arm raised £1.2m by selling merchandise on and offline as well as at events and third-party organisations. This included a range of Bears of Sheffield merchandise which sold out across the city, including 4,000 paint your own bears as well as the proceeds from the final auction of the sculptures in October 2021.

Children’s Champions make a significant difference to the lives of young children across the region and beyond by enabling the Trust to remain at the forefront of paediatric care.

LEGACIES

CORPORATE FUNDRAISING

176 Wills were created with the Charity’s partnership with Irwin Mitchell Solicitors raising £4,954.

The corporate team continues to foster partnerships with local, national, and international businesses, and raised over £710,000.

18% of the income raised during 2021/22 was raised thanks to legacy donations totalling more than £1,000,000.

11-year-old Lily has had 15 operations at Sheffield Children’s NHS FT, with the first when she was just one day old. When she grows up, she dreams of being a surgeon.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Funded Projects Highlights

BUILD A BETTER FUTURE APPEAL

In 2018, the Charity launched the appeal to build a new Safeguarding Support Unit, Cancer and Leukaemia Ward, Helipad and Emergency Department.

In 2019, a new state-of-the-art Safeguarding Support Unit was opened at Sheffield Children’s NHS FT, with the transformation of the Cancer and Leukaemia ward complete in 2021. The next stage will be to build a new Helipad, followed by the Emergency Department

COMPLETED

SAFEGUARDING SUPPORT UNIT

This specialist facility has been sensitively developed as it supports children and young people where there have been safeguarding concerns. This includes patients with potential neglect or physical, sexual or emotional abuse, where specialist paediatric doctors are required.

CANCER & LEUKAEMIA WARD

The new ward is bright with open spaces, bigger bedrooms, views over Weston Park, a dedicated adolescent room, a new parent room, a bigger playroom and more. It wouldn't have been possible without your support.

WHAT’S NEXT: MAJOR TRAUMA CENTRE AND HELIPAD

FAQS ABOUT THE HELIPAD AND MAJOR TRAUMA UNIT

WHAT IS A MAJOR TRAUMA?

WHY DO WE NEED TO BUILD A HELIPAD?

WHY DOES WHERE DO AIR IT MATTER? AMBULANCES LAND NOW?

Sheffield Children’s NHS FT is a dedicated Major Trauma Centre (MTC) and is only one of five dedicated paediatric Major Trauma Centres in England. Attending a dedicated paediatric Major Trauma Centre improves chances of your child surviving. Recent research has shown that the rate of mortality for trauma injuries falls from 4.4% to 2.5% at a dedicated children’s Major Trauma Centre.

Causes of major trauma include road traffic incidents, falls and burns. The ambulance service decides whether a child has major trauma and alert the Emergency Department at Sheffield Children’s NHS FT about the suspected injuries.

Building a Helipad would mean patients could land anytime with flood lighting, enabling quicker transfer of patients to the Emergency Department for the start of their urgent care.

Air ambulances currently land in the public park opposite the hospital. This is only usable in daylight hours, which particularly restricts its use during winter months, and is difficult to use during public events. It is also across from a busy road.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Facilities

CANCER AND LEUKAEMIA WARD

A new state-of-the-art ward for patients undergoing treatment for cancer, leukaemia and blood disorders opened in December 2021.

The new ward is bigger and brighter, with improved spaces for parents to stay with their children and a dedicated playroom and schoolroom at the heart of the ward.

More patient bedrooms have en-suite facilities as well as a view of the park opposite the hospital, helping patients feel connected to the outside whilst they are getting better.

They also include brand new televisions, more storage space and added extras to help make it feel more like home. These include reading lights for patients and parents, as well as temperature controls for extra comfort. A new purpose-built break-out space has also been created for teenagers for the first time.

Specialist Equipment

VCREATE

STAFF WELLBEING AND DEVELOPMENT

To keep families connected, vCreate has been funded in a second department, post- surgical ward, Ward 1, which cares for children for anything from a few days to weeks after surgery. The secure video messaging technology allows nursing teams to share photo and video updates of children with their families. The nurses can add personalised messages and effects to the captured memories to make them extra special for every family. Expanding the project from Neonatal means children transferred between departments can still receive photo and video updates of their little ones as they recover.

Through a vigorous application process funding was secured from NHS Charities Together to continue the support for staff and volunteers health and wellbeing initiatives in direct response to the COVID-19 pandemic. Projects include:

Improving facilities for staff
Extending the senior psychological support under the ‘Health and Wellbeing Programme’
Additional administrative support for the ‘Health and Wellbeing Programme’

• Funding several ILM Management and Leadership Programmes for under-represented staff who have been detrimentally impacted by the COVID-19 pandemic in particular.

EXERCISE AND PHYSICAL ACTIVITY THERAPIST

This two year temporary post has been funded through the inspirational work of Captain Tobias, a young man with cerebral palsy who completed two challenges to raise money for the Charity. The role has since been filled by Reece Goodwin, who works alongside Physiotherapists and Occupational Therapists at the Ryegate Centre to help children achieve their physical activity goals.

Reece’s role takes him across the city, seeing patients at Ryegate as well as in school and at home. He works with children and their families to set activity goals and work with them to achieve their dreams.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Artfelt & Environment

CALM KITS AND SENSORY EQUIPMENT WARD 3

Calm kits, a PlayStation with accessories, and gardening equipment were funded for Ward 3 helping patients with mental health problems, additional sensory needs and those who are anxious. The calm kits offer personalised items and tools to help patients with distraction and deescalation. The other resources provide distraction and play. Sensory equipment is particularly helpful to those patients who are unable to get out of bed to engage in play activities.

MINI-MUSEUMS WARDS 1, 2 AND 3

Collaborating with the Weston Park Museum’s Curator of Social History, we loaned vintage toys chosen by the children, which are displayed in the glass cabinets in the lift lobbies outside Wards 1, 2 and 3. The cabinets create mini museums within the hospital and allow access to our city’s collection. We commissioned creative agency, Peter & Paul, to develop illustrative panels which interpret the patients’ stories and provide a high-quality museum experience.

IMMERSIVE TECHNOLOGY FUNDING - CANCER AND LEUKAEMIA WARD

Ground-breaking immersive technology

equipment has been installed within the playroom of the new ward. This creative technology brings the room to life allowing children to physically interact with the space. From popping virtual bubbles through to experiencing virtual “For children environments of places patients know hospitalized for and love such as visiting home or joining a several months at a birthday party. They may see their friends and relatives beamed virtually into the time, it provides a safe room. For children hospitalized for several way to interact with months at a time, it provides a safe way to the outside world.” interact with the outside world.

WORKSHOPS

With funding from The D’Oyly Carte Charitable Trust, Artfelt continued its work at the Becton Centre, bringing outdoor workshops and pre-packaged activities with accompanying videos that the young people could do in their own time. Artfelt also collaborated with internationally acclaimed theatre company Third Angel on a bespoke theatre project which allowed the adolescents to express themselves creatively.

In the second half of 2021, in person workshops were able to return to the acute site and Artfelt’s Engagement Coordinator brought a diverse range of visual arts and craft workshops, alongside Artfelt Sounds music workshops.

Digital content was also created in response to the needs created during the pandemic and 32 pre-recorded workshops and performances were commissioned. Many of these workshops were added to the Artfelt YouTube Channel with tutorials making them accessible around the clock.

ARTFELT PAUSE ART AND CULTURE CLUB FOR STAFF

Artfelt launched a series of after work sessions with experienced artists to allow staff the chance to unwind and focus on something positive, removing themselves mindfully and creatively from the daily stresses of work. Workshops were provided over Teams, with free materials, giving colleagues space to develop new skills and focus on something for themselves.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)
Research
projects
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RESEARCH
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From developing new medicines to pioneering new
health technologies, research is fundamental in ensuring
that we provide the best treatment possible for patients
in our care. Through research studies,
children and young people can access the
latest in treatments and technology, to
provide the most up to date care for our
patients. Sheffield Children’s NHS FT has
established itself as an international leader
in the field, having been successful in
developing cutting edge therapies across
a wide range of specialist areas.
Our Clinical Research Facility is home
to pioneering paediatric trials across a
wide portfolio of clinical specialties such
as Sheffield Dermatology Research
which is one of the leading centres
internationally for clinical trials. An
integrated service for atopic dermatitis,
combining treatment, allergy and
immunology and a psychiatry service
has been developed, designed to
manage the most complex patients.
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Professor Amaka Offiah Mr Nicholas Nicolaou RIB UNFOLDING CT PARACETAMOL £9,000 DOSING WEIGHT £2,077

Ursula Ankeny JIA TOOLBOX £32,352

This study aims to further develop and assess the potential impacts of a Juvenile Idiopathic Arthritis ‘Toolbox’, three novel prototypes that collectively aim to improve the independence and functional ability of children and young people with the condition.

A novel tool called ‘rib unfolding’ can help radiologists in reading CT images of the rib cage. For the first time, this study will compare the results from the rib unfolding CT image to standard CT planar images for identifying rib fractures in children investigated for suspected physical abuse.

The study will look at the paracetamol level, liver function and kidney function of obese children aged between 2 and 12 years of age receiving ongoing regular paracetamol doses. The results will show if the current practice of paracetamol dosing in obese children is safe.

Dr Ivana Barbaric OSTEOSTEM £54,755

OSTEOSTEM Professor Paul Dimitri DMD-IVR STUDY £54,755 £53,784 This will apply stem cell technology to develop This will investigate the Osteogenesis Imperfecta viability and acceptability (OI) models for research of an Interactive Virtual and drug discovery. This Reality (IVR) System will make it possible on physiotherapy to study human bone rehabilitation in cells affected by OI, paediatric Duchenne also known as brittle Muscular Dystrophy bones disease, outside of (DMD) patients. the human body and will provide an ideal system for testing drugs to cure OI.

Dr Elizabeth Taylor Buck MUSIC SUPPORTED INTERVENTION £12,516

This will help develop a standardised music-supported intervention for children and adolescents with Cerebral Palsy to enhance hand function and bimanual coordination.

Additional funding was also provided to a 2020/21 study to determine the stability of Vitamin D-stored Guthrie Dry Blood Spot Cards.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

TRUSTS, FOUNDATIONS AND GRANTS

Our sincere thanks throughout the year go to the following organisations who generously donated towards a variety of projects:

Garfield Weston Foundation • Tom Bowdidge Youth Cancer Foundation
Rays of Sunshine • Sheffield City Council Recovery Fund
NHS Charities Together
Child’s Play Charity
Co-op Community Fund
D’Oyly Carte Charitable Trust
Scarborough Group Foundation
Lord Hanson Foundation
CAF America

Youth Music UK ARTFELT SOUNDS PROGRAMME

Swann Morton Foundation IMPACT IN FOCUS

Yorkshire Building Society Foundation
Ecclesiastical Fund

Staff Nurse Imogen worked with vCreate following nearly £6,000 of support from the Swann Morton Foundation to set up the service on Ward 1 at Sheffield Children’s NHS FT and offer it to more patients and families who aren’t always able to be with their child in hospital.

Since 2018, Youth Music UK has provided over £34,000 to enable the Charity to extend the roll-out of our already successful patient music programme within Sheffield Children’s NHS FT.

Outcomes have proven invaluable with patients, families, staff and volunteers alike all enjoying music making as well as musical performances. Our musicians adapted wonderfully during the periods of pandemic restrictions and delivered bespoke tutorials virtually.

The service provides families with the opportunity to receive photos, videos and updates of their child. Memorable moments have included parents being able to see play sessions, baths and mealtimes and a child learning to walk.

Westfield Health Charitable Trust WARD 6

Imogen said: “Introducing a system like vCreate Diaries on our ward allows families to be connected to their child through an app where they can be updated with recorded pictures and videos of their child while they are in hospital.

In 2021/22, Westfield Health Foundation donated £30,000, which followed a £50,000 gift for our Cancer and Leukaemia Ward Appeal, continuing to make a massive difference to the children and young people in the care of Sheffield Children’s NHS FT.

“Staff are able to share precious moments and milestones with families within seconds on the secure app. Being able to share the work we do on the ward and the difference it makes to our patients and their families is amazing.”

Persimmon Homes Foundation

Once again, in 2021, we were delighted to be shortlisted via the Persimmon Homes Foundation and again our supporters voted in their droves for us to be in with a chance of winning the top prize of £100,000! We were delighted to be announced as winners with funds going towards our Helipad Appeal.

Sarah Nulty Power of Music Foundation IMPACT IN FOCUS

Workshops funded by the Sarah Nulty Power of Music Foundation took place on Ward 1 at Sheffield Children’s NHS FT with electronic music artist and tutor Zebedee Budworth from Link Learning.

Zebedee added: “By using exciting technologies, our workshops offer the chance to explore different approaches to making music in ways that are accessible to all ages and abilities.

“Participants can work together to create music, and this can spark new friendships in what can often be an isolating experience on the wards. Patients, families, and staff will often all come together to join in and will always find themselves amazed at what they can create, no matter their musical background.

“We hope that these workshops can continue for years, as they are incredibly rewarding for everyone involved, and it is an honour to conduct them

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Objectives and Activities

WHAT WE DO

FOR THE PUBLIC BENEFIT

We help facilitate Sheffield Children’s NHS FT to be innovative, dynamic and ambitious.

Our Trustees confirm that they have complied with the duty in the Charities Act 2011 to have due regard for the Charity Commission’s general guidance on public benefit.

OUR MISSION

Our mission is to enhance Sheffield Children’s NHS FT, giving children and young people the best chance of a healthier future. We connect supporters to Sheffield Children’s NHS FT, funding enhancements above the NHS provision and help make it a brilliant place to work and visit. The money we raise funds innovative projects, ground-breaking research which shapes future paediatric care, specialist medical equipment, new facilities and creates an engaging environment built with children in mind.

In setting our objectives and planning our activities our Trustees have again given careful consideration to the Charity Commission’s general guidance on public benefit.

Each year over 313,000 patient journeys are made to Sheffield Children’s NHS FT from all over the world. Charity funding is available for every discipline within the hospital trust. As a result, public benefit sits broadly across all patients, their families and the local communities that they come from.

In addition, charity funding of medical research is invested into strategic projects that are most likely to lead to further nationally funded research. Research findings from Sheffield Children’s NHS FT are published in peer medical journals on average 100 times each year.

OUR CHARITABLE OBJECTIVES

The Objects of the Charity are for the public benefit, the relief of sickness and in particular:

a. to enhance the services, facilities and environment of Sheffield Children’s NHS FT and its reputation as a centre of excellence for the care, prevention and cure of illnesses affecting children; b. to further any charitable purpose(s) relating to the general, or any specific, purposes of Sheffield Children’ s NHS FT or the health service;

This has the result of widely disseminating research findings across the research community resulting in worldwide impact and public benefit.

c. to promote, protect, preserve and advance all or any aspects of the health of the public; and
d. to advance and promote knowledge and education in medicine including engagement in and supporting medical research (and the dissemination of the useful results), provided that such support is not of a kind that would ordinarily be given by the statutory authorities.

Financial Review

Our financial performance in year: the Statement of Financial Activities at a glance

----- Start of picture text -----
INCOME 2021/22 2020/21
Donations and Legacies £3,815,894 £2,815,346
Other Trading Activities £1,319,906 £133,617
Investments £6,454 £53,646
Other income £2,424 £125,215
Total Income £5,144,678 £3,127,824
EXPENDITURE 2021/22 2020/21
Charitable Activities £1,593,478 £862,979
Raising Funds £1,501,703 £1,020,125
Other £11,573 £11,962
Total Expenditure £3,106,754 £1,895,066
2021/22 2020/21
Net Gain / (Loss) on Investments £28,860 £130,638
Total Net Income / (Expenditure) for Year £2,066,784 £1,363,396
2021/22 2020/21
Funds carried forward from prior year £9,005,299 £7,641,903
Closing Funds for Year £11,072,083 £9,005,299
Build a Better Future Capital Appeal carried forward £6,129,656 £4,591,236
Other funds carried forward £4,942,427 £4,414,063
----- End of picture text -----

The Children’s Hospital Charity is well underway with a £14.25million capital appeal which spans 2018-2023. As a result, there is a low income-cost ratio for the financial year 2021/22 due to expenditure taking place in upcoming years.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

How much income did we raise?

The Children’s Hospital Charity can only continue to support the leading work of Sheffield Children’s NHS FT for as long as we generate the level of funds required. The vast majority of our income is sourced from the efforts of the general public, made possible by our hard working and dedicated fundraising team.

channels such as Just Giving, Facebook and personal cheques.”

Other trading activities: Charity organised events raised £102k (2020/21: £61k) and the purchasing of charity branded merchandise by thousands of people either on the hospital site, online or at till points raised £313k (2020/21: £73k).

Donations and legacies: Our largest source of income is the generosity of the public and local companies keen to support the local community and invest in the future of one of the region’s greatest assets.

Major gifts (£159k) (2020/21: £171k)

The charity is indebted to the Children’s Champions who form a unique group of individuals, companies and private family trusts all sharing in one passion, to help our patients and their families at Sheffield Children’s NHS FT. These incredible ambassadors make a significant difference to the lives of young children across the region and beyond; writing history and leaving a legacy for years to come. The dedication and support of this group enable the hospital to remain at the forefront of paediatric care.

In detail:

Investments: Prudent management of funds not immediately required by the Trust and held in an investment portfolio (managed by Investec Wealth and Investment Limited) has generated interest, dividend and disposal income of £6k in a year (2020/21: £54k). Fund management reports a gain on investments of £29k (2020/21: £131k gain).

Corporate donations and gifts from the public (£2,045k) (2020/21: £1,529k) The charity is extremely grateful to the companies, groups and individuals that have donated in 2021/22 and who have given their time, money and effort to push their fundraising to the maximum. Thousands of donations were received this year, via a multitude of channels such as Just Giving, Facebook and personal cheques, ranging from pennies to many thousands of pounds.

Trusts (£470k) (2020/21: £700k)

We are extremely grateful to all the Trust and Grant Making organisations who generously donated during 2020-21.

Investments are secured in a low risk portfolio. The aim for any investment is to exceed the income available through fixed term, fixed yield investments provided by UK High Street banks, whose yield is generally around 1%. The charity is committed to maintaining a broad, low risk investment portfolio to generate long term income and capital growth.

Legacies (£1,112k) (2020/21: £446k) Gifts arising from wills form a significant part of the charities income profile and are an important investment in the future of the health of the children served by the Trust.

Other income: The charity accessed the Government’s Coronavirus Job Retention Scheme to support staff retention through lockdown (£2k) (2020/21: £125k).

CHARITABLE ACTIVITIES

RAISING FUNDS

----- Start of picture text -----
Data Research Manager. resources to enable Play Specialists funds includes trading expenditure, such
to enhance the hospital experience as purchasing charity merchandise.
Department / Ward funds (£166k) for patients and their loved ones.
(2020/21: £134k) - funds supplied to
individual wards and departments have Capital expenditure (£1,124k)
been utilised to provide crucial support (2020/21: £0k) - Development
groups for patients and parents, essential of the new Cancer and Leukaemia
staff training and new equipment inpatient ward was completed in
(medical and non-medical) that 2021/2022.
29
----- End of picture text -----

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Our financial health: The Balance Sheet at a glance

The assets and liabilities of our charity as at 31st March 2022 are stated below:

----- Start of picture text -----
2021/22 2020/21
Fixed Assets £4,316,843 £2,828,116
Net Current Assets £7,073,009 £6,504,994
Non Current Liabilities (£317,769) (£327,811)
Total Net Assets £11,072,083 £9,005,299
Unrestricted Undesignated Income Funds £2,123,451 £1,007,330
Unrestricted Designated Income Funds £5,197,757 £4,738,686
Restricted Income Funds £2,993,348 £3,245,984
Profit Retained in Subsidiary £757,527 £13,299
Total funds £11,072,083 £9,005,299
----- End of picture text -----

FIXED ASSETS

UNRESTRICTED RESTRICTED UNDESIGNATED INCOME FUND INCOME FUNDS

Predominantly comprise of investments held in a low risk portfolio managed by Investec Wealth and Investment Limited, an intangible asset relating to our ThankQ Customer Relationship Management software, an I.T server forming a tangible asset and Marlborough House office space (purchased in 2019/20).

Represent money which we can only use for specified purposes as per the donors wishes.

Such funds available to be spent at the discretion of the Charity and its Trustees with non-binding preferences of donors.

PROFIT RETAINED UNRESTRICTED IN SUBSIDIARY DESIGNATED This relates to retained profits from INCOME FUNDS

This relates to retained profits from the Theo Bear trading subsidiary.

NET CURRENT ASSETS

Represent cash held on deposit plus other assets of the charity reasonably expected to be turned into cash such as trading stock and debts due to be recovered, less any outstanding liabilities and expenses chargeable in year.

Consist of 82 separate funds which have been set up to channel the specific intentions of gifts received towards wards, departments and projects. Through designation of these funds we ensure that gifts are spent in those specific areas of the Trust.

How do we manage our funds?

protect the continuity of our work in the event of a shortfall in income

protect the continuity of our work in Available reserves are calculated as the the event of a shortfall in income part of our charity’s unrestricted funds • provide the funds needed to replace freely available after accounting for assets of the charity designated funds earmarked for specific projects. At the year end, Trustees have The charity aims to hold undesignated maintained somewhat higher general reserves sufficient to cover six months unrestricted, undesignated reserves operational costs with an aspiration to in the knowledge that the funding hold more where there is no impact on requirement for the Build a Better Future immediate funding requirements. On appeal is a significant commitment and this basis the estimated requirement specific funding requirements are being for six months’ operational expenditure, agreed with the Trust. Funding will be including wages and core running costs, designated when project costs are known equates to circa £420k. Designated funds and required. for specific projects could potentially be redirected if the need arose.

RESERVES POLICY

Reserves describe that part of our charity’s funds which are freely available and exclude restricted funds, endowments and any part of unrestricted funds not readily available for spending such as fixed assets.

Trustees have established a reserves

policy in order to:

honour our commitments and deliver our business plan
establish and provide long term
support to Sheffield Children’s NHS FT

Reserves at the end of the reporting period are calculated as follows:

	2021/22	2020/21
Total Unrestricted Funds of	£8,078,735	£5,759,315
Less: Designated Funds of	£5,197,757	£4,738,686
Less: Fixed Assets of	£544,475	£576,508
Total Reserves	£2,336,503	£444,121

RISK MANAGEMENT

Our Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust and are satisfied that systems are in place to mitigate our exposure to the major risks.

A key risk for the charity is the current economic climate and the uncertainty surrounding global events, such as the COVID-19 pandemic, conflict overseas and the rising cost of living. These risks are mitigated through regular review of the investment portfolio with investment managers to ensure the level of risk within the investments held is minimised and ethical considerations are met. With this in mind, Trustees have a risk averse approach to investments, whilst trying to ensure a reasonable level of income to the charity. Future financial performance and position is likely to be determined by the state of the economy, both in terms of the success and stability of the investments held, as well as the level to which donors feel as though they are able to support our charity. While steps can be taken to manage the risk, the risk still remains and could make achievement of our objectives challenging in both the short to medium term.

General funds (undesignated) – these funds are received by the charity with no particular preference expressed by donors. Grants can be targeted on projects in areas of the hospital that do not have available designated funds to assist them.

GRANT MAKING POLICY

Funded projects are decided upon by the Trustees of the charity in line with our objectives. Projects we fund must support and enhance the work of the Trust and not undermine the provision of the NHS. Grants are made in accordance with charity law, our constitution and the wishes and directions of donors. In making grants, we endeavour to reflect the wishes of patients and staff by directing funds towards areas most in need.

Designated funds – are established for a particular part of the hospital or activity nominated for support. Hospital staff are encouraged to identify how they may best utilise the funds available, these funds can be spent at any time.

The Children’s Hospital Charity makes grants from both its restricted and unrestricted funds. Within the unrestricted funds, grants are made from the following:

Designated research funds – these are funds which are designated for specified research projects. Applications are invited once per year. Grants are normally awarded for between twelve months and three years.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Report of The Management Committee 2021/22

Madeleine was 11-years-old when she began feeling unwell. She was soon diagnosed with a brain tumour, which was successfully removed at Sheffield Children’s NHS FT.

The Management Committee present their annual report together with the consolidated financial statements of the charity and its subsidiary for the year ending 31 March 2022, which are also prepared for Companies Act purposes.

he financial statements comply with the Charities Act 2022, the Companies Act 2016, the TMemorandum and Articles of Association, 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) and Update Bulletins 1 and 2 published 2 February 2016 and 5 October 2018 respectively.

The Directors of the charitable company are its Trustees for the purposes of charity law. The Trustees who have served during the year and since the year end as detailed in the reference and administrative details below.

PATRONS

Lucy Beaumont Dominic Calvert-Lewin Dame Jessica Ennis-Hill Matt Fitzpatrick Richard Hawley Bombette Martin Nick Matthew OBE Pete McKee Esme Morgan Jon Richardson Joe Root MBE James Toseland Dan Walker

MANAGEMENT COMMITTEE (TRUSTEES)

Paul N Firth (Chair) Professor Amaka Offiah Sarah Jones Ruth Brown John Warner Professor David Barnett

Mark Rooker (appointed 1 July 2022) Rachel White (appointed 1 July 2022) Nick Bishop (resigned 13 December 2021) Graham Royle (appointed 20 September 2021, resigned 2 November 2021).

Charity Registration Number 505002

Company Number 01224751

Registered Office and Address

of Principal Office

The Children’s Hospital Charity, Western Bank, Sheffield, S10 2TH

Company Secretary

David Vernon-Edwards (also Charity Director) resigned 31 July 2021

John Armstrong (also Chief Executive Officer) appointed 2 August 2021

Auditors

Hawsons Chartered Accountants Pegasus House 463A Glossop Rd Sheffield S10 2QD

Bankers

Lloyds Bank 1 High Street Sheffield S1 2GA

Investment Management

Investec Wealth and Investment Ltd Beech House 61 Napier Street Sheffield S11 8HA

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

OUR FUNDRAISING PRACTICES

The Children’s Hospital Charity aim for the highest standards in all fundraising activities undertaken. Our dedicated team of fundraisers organise fundraising events and co-ordinate the activities of our supporters across the hospital and in the wider community both regionally and beyond. During the year, the charity has not used a professional fundraiser or commercial participator to carry out its fundraising activities.

We are registered with the Fundraising Regulator and are committed to complying with its Fundraising Promise for their donors and the public. The Charity have agreed to ensure their fundraising is legal, open, honest and respectful and that the Fundraising Regulator badge is displayed on fundraising material to show the commitment to good practice.

The fundraising team have committed to adhere to the Fundraising Code of Practice and we are registered with the Fundraising Regulator. Our team will do all they can to ensure that their fundraisers, volunteers and any third parties comply with all fundraising regulations and this promise to their supporters. Fundraisers do not carry out telephone or door to door fundraising, ensuring that activities are not unreasonably intrusive or persistent. During the year there have been no failures to comply with the standards.

The Children’s Hospital Charity is registered with the Fundraising Preference Service (FPS) and donors can update their fundraising mailing preferences through this scheme at any time. All donations are used to support the work we do on behalf of the life changing services Sheffield Children’s NHS Foundation Trust provide. We monitor donations made to our charity using our CRM donor management system.

During the year, no formal complaints have been raised as a result of our fundraising activities. We do however know that there may be times when we don’t meet our own high standards. If this does happen we want to know about it, deal with it and hopefully stop it from happening again. We take complaints very seriously and we are always grateful to hear from people who are willing to take the time to help us be even better. Details of our complaints procedure is available on The Children’s Hospital Charity website.

The Children’s Hospital Charity do not accept donations if they know or have good reason to believe that a donor lacks capacity to make a decision to donate, or is in vulnerable circumstances and therefore unable to make an informed decision. Under 18s cannot independently fundraise for the charity without an adult.

OUR STRUCTURE, GOVERNANCE AND MANAGEMENT

The Children’s Hospital Charity is a registered charity number 505002 and a company limited by guarantee. It is governed by its Memorandum and Articles of Association (dated 1975 and subsequently updated in 2017).

The members of the Management Committee, as defined in the memorandum and articles, act as the Directors of the company and, as the organisation is a registered charity, act also as its charitable trustees. The members of the company are responsible for the election of the Management Committee.

Members of the Management Committee are elected for a four-year period and can be eligible for re-election at the third AGM. Newly appointed members are instructed in their duties by the Chair of the Charity and the Charity Chief Executive Officer issues a Trustee Pack that informs them of their legal responsibilities and the expectations from the charity in their role as Trustee.

Members of the Management Committee at the date of approval of this report are listed on page 32. Each member has an equal voting right.

No Trustee received any remuneration from the Charity in the financial year 2021/22.

ORGANISATIONAL STRUCTURE

The Children’s Hospital Charity is currently administered by a board of eight unpaid trustees which is made up of representatives from the hospital and the wider community. The Chief Executive Officer reports directly to The Board of Trustees and manages the day-to-day business of the Charity along with 25 employees (23 full-time, two part-time) and several regular volunteers.

Trustees are elected or co-opted by the Board for terms of up to four years (renewable) in accordance with the original Articles of Association dated September 1st 1975 (subsequently updated in 2017).

Key management personnel as described throughout are the members of the senior management team who control the dayto-day operation of the charity. The pay for the Charity Director (now Chief Executive Officer) is agreed by the charity trustees and the pay and conditions for the rest of the key management personnel is set by the Charity Director (now Chief Executive Officer), with overall budget agreed with trustees. The pay and conditions of key management personnel are benchmarked against similar positions in the sector.

with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

RESPONSIBILITIES OF OUR MANAGEMENT COMMITTEE

The Management Committee (who are also directors of The Children’s Hospital Charity for the purposes of company law and trustees for the purposes of charity law) are responsible for preparing the Management Committees’ Annual Report (including the Strategic Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In so far as the Management Committee are aware:

there is no relevant audit information of which the charitable company’s auditor is unaware; and
the Management Committee have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

Company law requires the Management Committee to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Management Committee are required to:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

select suitable accounting policies and then apply them consistently;

AUDITORS

observe the methods and principles in the Charities SORP 2019 (FRS102);

Hawsons have indicated that they are willing to be reappointed at the forthcoming Annual General Meeting. In approving the Trustees’ Annual Report, we also approve the Strategic Report included therein, in our capacity as company directors.

make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed,
subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

On behalf of the Management Committee

The Management Committee are responsible for keeping adequate accounting records that disclose with PAUL FIRTH reasonable accuracy at any time the Chairman financial position of the charitable 13[th] December 2022 company and enable them to ensure that the financial statements comply

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Independent Auditors’ Report to the Trustees of The Children’s Hospital Charity Ltd

responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

OPINION

OTHER INFORMATION

We have audited the financial statements of The Children’s Hospital Charity (‘the group and parent charitable company’) for the year ended 31 March 2022 which comprise the Consolidated Statement of Financial Activities, the Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheets, Consolidated Statement of cash flows, notes to the financial statements and significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

In our opinion, the financial statements:

give a true and fair view of the state of the group and parent charitable company’s affairs as at 31 March 2022 and of its incoming resources and application of resources for the year then ended;

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charitable company’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

We have nothing to report in this regard.

have been prepared in accordance with the requirements of the Charities Act 2011.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

BASIS FOR OPINION

In the light of the knowledge and understanding of the group and parent charitable company and its

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our

environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement set out on page 35, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group and parent charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from

material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

compliance with laws and regulations and fraud;

Reviewing minutes of Trustee meetings;
Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-compliance with laws and regulations;
Challenging assumptions and judgements made by management in their significant accounting estimates.

Misstatements can arise from fraud

or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/ auditors/audit-assurance/auditors-responsibilities-for-the-audit-ofthe-fi/description-of-the-auditor’sresponsibilities-for. This description forms part of our auditor’s report.

The group and parent charitable company Hawsons Chartered Accountants is eligible is subject to laws and regulations that for appointment as auditor of the group directly and indirectly affect the financial and parent charitable company by virtue statements. Based on our understanding of its eligibility for appointment as auditor of the group and parent charitable of a company under section 1212 of the company and the environment it operates Companies Act 2006. within, we determined that the laws and regulations which were most significant included FRS 102 and the Charities Act USE OF OUR REPORT 2011. We considered the extent to which non-compliance with these laws and This report is made solely to the group and regulations might have a material effect parent charitable company’s trustees, as on the financial statements, including how a body, in accordance with section 144 fraud might occur.

This report is made solely to the group and parent charitable company’s trustees, as a body, in accordance with section 144 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the group and parent charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the group and parent charitable company’s result for the period, and management bias in key accounting estimates.

Audit procedures performed by the engagement team included:

• Discussions with management and

those responsible for legal compliance procedures within the group and parent charitable company to obtain Hawsons Chartered Accountants an understanding of the legal and Statutory Auditor regulatory framework applicable Pegasus House to the group and parent charitable 463a Glossop Road company and how the group and parent Sheffield charitable company complies with that S10 2QD framework, including consideration of 15 December 2022 known or suspected instances of nonDate:

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

The Children’s Hospital Charity Ltd

(A company limited by guarantee not having a share capital)

THE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

(incorporating an Income and Expenditure Account)

For the year ended 31 March 2022

----- Start of picture text -----
Note Unrestricted Funds Restricted Funds 31 March 2022 31 March 2021
£ £ £ £
INCOME AND
ENDOWMENTS FROM
Donations and Legacies 3 3,327,690 488,204 3,815,894 2,815,346
Other trading activities 3 1,319,906 – 1,319,906 133,617
Investments 2, 3 6,454 – 6,454 53,646
Other 3 2,424 – 2,424 125,215
Total 4,656,474 488,204 5,144,678 3,127,824
EXPENDITURE ON
–
Raising Funds 2, 4, 5 1,501,703 1,501,703 1,020,125
Charitable activities 4 852,638 740,840 1,593,478 862,979
Other 4 11,573 – 11,573 11,962
Total 2,365,914 740,840 3,106,754 1,895,066
Net gains/(losses) 11 28,860 – 28,860 130,638
on investments
Net income/(expenditure) 2,319,420 (252,636) 2,066,784 1,363,396
Transfers between funds – – – –
Net movement in funds 2,319,420 (252,636) 2,066,784 1,363,396
RECONCILIATION
OF FUNDS
Total funds brought forward 17, 18 5,759,315 3,245,984 9,005,299 7,641,903
Total funds carried forward 8,078,735 2,993,348 11,072,083 9,005,299
----- End of picture text -----

All incoming resources and resources expended derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. The notes on pages 44 - 63 form part of these accounts.

STATEMENT OF FINANCIAL ACTIVITIES

(incorporating an Income and Expenditure Account)

For the year ended 31 March 2022

----- Start of picture text -----
Note Unrestricted Funds Restricted Funds 31 March 2022 31 March 2021
£ £ £ £
INCOME AND
ENDOWMENTS FROM
Donations and Legacies 3 3,327,690 488,204 3,815,894 2,815,346
Other trading activities 3 101,729 - 101,729 60,683
Investments 3 9,465 - 9,465 165,918
Other 3 2,424 - 2,424 125,215
Total 3,441,308 488,204 3,929,512 3,167,162
EXPENDITURE ON
-
Raising Funds 4, 5 1,030,765 1,030,765 950,202
Charitable activities 4 852,638 740,840 1,593,478 862,979
Other 4 11,573 - 11,573 11,962
Total 1,894,976 740,840 2,635,816 1,825,143
Net gains/(losses) 11 28,860 – 28,860 130,638
on investments
Net income/(expenditure) 1,575,192 (252,636) 1,322,556 1,472,657
Transfers between funds – – – –
Net movement in funds 1,575,192 (252,636) 1,322,556 1,472,657
RECONCILIATION
OF FUNDS
Total funds brought forward 17, 18 5,746,016 3,245,984 8,992,000 7,519,343
Total funds carried forward 7,321,208 2,993,348 10,314,556 8,992,000
----- End of picture text -----

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

The Children’s Hospital Charity Ltd

(A company limited by guarantee not having a share capital) Company Registered No 01224751

BALANCE SHEET AT 31 MARCH 2022

----- Start of picture text -----
The Group The Charity
Note 31 March 2022 31 March 2021 31 March 2022 31 March 2021
FIXED ASSETS £ £ £ £
Intangible assets 9 74,352 91,461 74,352 91,461
Tangible assets 10 470,123 485,047 470,123 485,047
Investments 11 3,772,368 2,251,608 3,775,368 2,254,608
Total fixed assets 4,316,843 2,828,116 4,319,843 2,831,116
CURRENT ASSETS
Stocks 2, 13 32,437 61,209 - -
Debtors 2, 12 624,641 1,452,334 623,755 1,157,759
Cash at bank and in hand 8,594,112 6,710,930 7,830,253 6,652,194
Total current assets 9,251,190 8,224,473 8,454,008 7,809,953
LIABILITIES
Creditors falling due within 2, 14 (2,178,181) (1,719,479) (2,141,526) (1,321,258)
one year
Net current assets 7,073,009 6,504,994 6,312,482 6,488,695
Creditors falling due after one year 2, 15 (317,769) (327,811) (317,769) (327,811)
Total net assets or liabilities 11,072,083 9,005,299 10,314,556 8,992,000
THE FUNDS OF
THE CHARITY
Unrestricted income funds 17 8,078,735 5,759,315 7,321,208 5,746,016
Restricted income funds 18 2,993,348 3,245,984 2,993,348 3,245,984
Total funds 11,072,083 9,005,299 10,314,556 8,992,000
----- End of picture text -----

The notes on pages 44 - 63 form part of these accounts.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. As this company is a charity, it is subject to audit under the Charities Act 2011.

Approved and authorised for issue by the Management Committee on: 13th December 2022

and signed on its behalf by: ______ Mr P Firth, Chairman

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

The Children’s Hospital Charity Ltd

(A company limited by guarantee not having a share capital)

CONSOLIDATED CASH FLOW STATEMENT AS AT 31 MARCH 2022

----- Start of picture text -----
CASH FLOWS FROM 31 March 2022 31 March 2022 31 March 2021 31 March 2021
OPERATING ACTIVITIES £ £ £ £
Net cash provided by 3,323,298 2,251,193
operating activities
CASH FLOWS FROM
FINANCING ACTIVITIES
Loans received - 343,000
Repayment of bank borrowings (10,042) (4,618)
Interest paid (8,254) (2,941)
Net cash provided by (18,296) 335,441
financing activities
CASH FLOWS FROM
INVESTING ACTIVITIES
-
Payments to acquire tangible fixed assets (10,523)
Purchase of investments (2,459,735) (808,672)
Sale of investments 1,122,573 756,301
Investment cash movement (154,738) 10,506
Interest receivable 15,394 16,315
Dividends receivable 65,209 50,080
Net cash provided by (1,421,820) 24,530
investing activities
Net increase in cash and cash 1,883,182 2,611,164
equivalents
Cash and cash equivalents at 6,710,930 4,099,766
1 April 2021
Cash and cash equivalents at 31 March 8,594,112
2022 6,710,930
Cash and cash equivalents consists of:
Cash at bank and in hand 8,594,112 6,710,930
----- End of picture text -----

----- Start of picture text -----
RECONCILIATION OF NET INCOME TO NET CASH 2022 2021
FLOW FROM OPERATING ACTIVITIES £ £
Net income for the reporting period 2,066,784 1,363,396
(as per the statement of financial activities)
Dividends received (65,209) (50,080)
Interest receivable (15,394) (16,315)
Interest payable 8,254 2,941
(Gains)/losses on investments (28,860) (130,638)
(Increase)/decrease in stock 28,772 (22,685)
(Increase)/decrease in debtors 827,693 468,935
Increase/(decrease) in creditors 458,702 598,802
Depreciation & amortisation charge 37,784 36,837
Loss on disposal 4,772
Net cash flow from operating activities 3,323,298 2,251,193
----- End of picture text -----

----- Start of picture text -----
2022 Cash Flows 2021
ANALYSIS OF CHANGES NET DEBT £ £ £
Cash at bank and in hand 8,594,112 1,883,182 6,710,930
Borrowings
Bank borrowings due within one year (10,571) (10,571)
Bank borrowings due after one year (317,769) 10,042 (327,811)
Total net debt 8,265,772 1,893,224 6,372,548
----- End of picture text -----

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

The Children’s Hospital Charity Ltd

(A company limited by guarantee not having a share capital)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of Preparation

The financial statements 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) as updated through Update Bulletin 1 published on 2 February 2016, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include listed investments at market value. The financial statements are prepared in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Basis of Consolidation

Funds

The consolidated statement of financial activities and balance sheet include the financial statements of the charity and its subsidiary undertaking made up to 31 March 2022. The results of the subsidiary are consolidated on a line by line basis.

Unrestricted funds are available activities and balance sheet include the for use at the discretion of the financial statements of the charity and Trustees in furtherance of the general its subsidiary undertaking made up to 31 objectives of the charity and which March 2022. The results of the subsidiary have not been designated for other are consolidated on a line by line basis. purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular Statutory Information purposes. The aim and use of each designated fund is set out in the notes The Children’s Hospital Charity Ltd to the financial statements. is a charity (No. 01224751) and a Restricted funds are funds which are company limited by guarantee (No. to be used in accordance with specific 505002) incorporated and domiciled restrictions imposed by donors or in England and Wales. The registered which have been raised by the charity office is at The Children’s Hospital for particular purposes. The cost of Charity, Western Bank, Sheffield, raising and administering such funds S10 2TH. are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the Company Status financial statements.

Statutory Information

Company Status

The charity is a private company limited by guarantee. In the event of being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Government Grants

Grants that relate to the financing of projects to expand the operations of the business are amortised over the expected useful economic lives of the assets or projects concerned. Grants relating to the revenue expenditure are credited to income where receivable.

Incoming resources

Incoming resources are included in the Statement of Financial Activities when the Charity has entitlement to the funds, any performance conditions have been met, the amount can be measured reliably and it is probable that income will be received.

Receipt of a legacy is recognised when it is probable that it will be received. Receipt is normally probable when:

1. there has been a grant of probate;

2. the executors have established that there are sufficient assets in the estate, after settling any liabilities, to pay the legacy; and

3. any conditions attached to the legacy are either within the control of the charity or have been met.

Going Concern

The Financial statements have been prepared on a going concern basis as the Trustees believe that while the charity faces a significant challenge to its operating environment, no material uncertainties exist. The charity Trustees have considered the level of funds held, and the expected level of income and expenditure for the 12 months from authorisation of these financial statements to enable the charity to be able to continue as a going concern.

Donated Goods, Facilities and Services

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

Sheffield Children’s NHS Foundation Trust provides some office accommodation, facilities and administration support to the charity free of charge.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

The Children’s Hospital Charity Ltd

(A company limited by guarantee not having a share capital)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES (CONTINUED...)

Use of Volunteers

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

A notional amount of time is donated by volunteers to assist with fundraising and administrative support. Periodically, goods (such as toys and Easter eggs) are donated to the Charity and are impractical to value.

Fundraising and Trading Activities

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Investment Income

Investment income is earned through holding assets for investment purposes such as shares and gilts. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the charity’s right to receive payment is established.

The Trustees have considered the most appropriate policy for the investment of funds and decided to invest in a low risk portfolio of stocks, shares and gilts. Investments are stated at market value. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other Investments/Investments in subsidiaries are measured at cost less impairment.

Resources Expended

All expenditure is accounted for on an accruals basis, except for grants, which are accounted for in the period in which the charity makes a formal commitment to give grant aid.

Resources expended are allocated to the particular activity where the cost relates directly to that activity. The cost of overall direction and overhead costs of the central function are borne by the unrestricted fund.

Tangible/Intangible fixed assets and depreciation

Tangible/intangible fixed assets are stated at cost less depreciation. Intangible assets include software and trademarks and are only recognised when it is probable that future economic benefit will flow to the charity and where the cost of the asset can be measured reliably. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Buildings - 25 years straight line Office equipment – various rates between 20% and 33.3% straight line.

Intangible assets - 10 years straight line.

Designated funds

The Management Committee have designated certain funds for specific purposes. The movement on these funds is detailed in note 17.

Stocks

Stocks are valued at the lower of cost and net realisable value on a first in, first out basis.

Irrecoverable VAT

Costs are recorded gross of VAT to the extent that VAT is not recoverable by the charity.

Pension costs

The charity makes contributions to a defined contribution pension scheme. Contributions payable are charged to The Statement of Financial Activities in the period to which they relate.

Debtors

Debtors are measured on the basis of amount due less provision for doubtful debt. Debtors include prepayments and accrued income.

Creditors

Creditors include amounts invoiced to the organisation but not yet paid, along with accrued expenditure and unspent research grants.

Liabilities are recognised when there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably.

Financial Instruments

Financial assets and financial liabilities which arise from contracts for the purchase or sale of nonfinancial items are recognised when performance occurs.

Judgements and Key Sources of Estimation Uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under other circumstances.

Critical accounting estimates and assumptions: the charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

COVID-19 Global Pandemic

Restrictions were eased in July 2021, an estimate of any material loss related to its assets cannot be made as the charity currently has no knowledge of any at risk. All investments are long term and any relatively short-term effects of the ongoing global pandemic are presently assumed to recover.

Assets are depreciated / amortised from the date at which they come into use by the charity.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

The Children’s Hospital Charity Ltd

(A company limited by guarantee not having a share capital)

2. RESULTS OF TRADING SUBSIDIARY

The charity has one wholly owned trading subsidiary, Theo Bear Trading Company Limited, a company incorporated in the UK. Its results are summarised below:

----- Start of picture text -----
Limited, a company incorporated in the UK. Its results are summarised below:
2022 2021
£ £
Turnover 1,198,177 72,934
Cost of sales (469,083) (68,116)
Gross profit 729,094 4,818
Administration expenses (1,855) (1,807)
-
Other operating income 20,000
Operating profit/(loss) 747,239 3,011
Retained profit/(loss) for the year 747,239 3,011
Retained profits brought forward 13,299 122,560
Gift Aid distribution to Charity (3,011) (112,272)
Retained profit/(loss) carried forward 757,527 13,299
Net Assets 757,527 13,299
CURRENT ASSETS
Stocks 32,437 61,209
Debtors 59,763 306,369
Cash in hand 763,859 58,736
Total of current assets 856,059 426,314
CREDITORS
Amounts falling due within one year (95,532) (410,015)
Net current assets 760,527 16,299
Amounts falling due after more than one year - -
Total net assets or liabilities 760,527 16,299
CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 757,527 13,299
Shareholders’ funds 760,527 16,299
----- End of picture text -----

3. INCOME

----- Start of picture text -----
Unrestricted Restricted 2022 2021
DONATIONS AND LEGACIES £ £ £ £
Donations and gifts 2,309,726 394,486 2,704,212 2,369,427
Legacies 1,017,964 93,718 1,111,682 445,919
3,327,690 488,204 3,815,894 2,815,346
OTHER TRADING ACTIVITIES
-
Trading Income 1,218,177 1,218,177 72,934
-
Fundraising and event income 101,729 101,729 60,683
1,319,906 - 1,319,906 133,617
INVESTMENT INCOME
Dividends 65,209 - 65,209 50,080
Interest 15,394 - 15,394 16,315
-
Gain on disposal (74,149) (74,149) (12,749)
-
Gift Aid from Theo Bear Trading 3,011 3,011 112,272
Company Limited
9,465 - 9,465 165,918
OTHER INCOME
COVID Job Retention Scheme 2,424 - 2,424 125,215
2,424 - 2,424 125,215
----- End of picture text -----

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

The Children’s Hospital Charity Ltd

(A company limited by guarantee not having a share capital)

4. EXPENDITURE ON RAISING FUNDS

----- Start of picture text -----
Unrestricted Restricted 2022 2021
£ £ £ £
-
Costs of raising donations 1,010,201 1,010,201 938,971
-
Trading company costs 470,938 470,938 69,923
Event costs 20,564 - 20,564 11,231
-
Investment related expenditure 11,573 11,573 11,962
1,513,276 - 1,513,276 1,032,087
Grant Funding Support 2022 2021
£ £ £ £
-
Designated Fund Grants 688,817 688,817 623,023
Restricted Fund Grants 701,282 - 701,282 81,771
Research: allocations 204,080 - 204,080 160,214
Research: written back (40,679) - (40,679) (34,185)
-
Support Costs 39,978 39,978 32,156
1,553,500 39,978 1,593,478 862,979
----- End of picture text -----

5. RESOURCES EXPENDED

----- Start of picture text -----
2022 2021
ALLOCATION OF SUPPORT COSTS £ £
Governance 4,624 5,121
Information Technology 8,453 6,740
Human Resources 4,990 5,393
Office Costs 15,576 9,385
Other 6,335 5,517
39,978 32,156
----- End of picture text -----

The basis of allocation is staff time spent.

GOVERNANCE COSTS	2022 £	2021 £
Auditor's remuneration	10,015	8,400
Legal fees	-	6,273
Other	15,675	13,775
	25,690	28,448

6. REMUNERATION OF THE MANAGEMENT COMMITTEE

None of the Management Committee members received any remuneration or were reimbursed any out of pocket expenses in the year (2020/21: £0).

child'sotalCha1VLld(ACotrnrvllMIE9La[gh01hafrg#sha[oCaIrarj ThChIrÉlyOsplrs1ctrrItyLt(Ampahy1rtèdtywaryIÉrlttrhSrngJghrèCaFl The Children's Hospital Charity Ltd (A company limited byguarantee not having a share capital) 7. STAFF COSTS 9. INTANGIBLE ASSETS COST CharStyandGroup 8asi¢salary 637.133 624.211 AtIApril 2021 128.146 A(Iditions So¢ial S&wlty¢OSts 70.498 53.194 Pensioncosts 63.902 42565 Disposals 14,772) At31 March2022 123,374 AMORTISATION Costof raisingvoluniaryincor 19 18 Atl April 2021 36.685 Charitable activities Amortisation inyear la337 At31 March2022 49,022 Net bookvalue8t31 mah2O22 74.3S2 Nett0kv8lue at31 M8rch 2021 91.461 Noemployees, remuneration exceecled£60,000 in thepar is none (2020121.. none). Tor21 remuneration of keymanagement personnel n theyear was th80.OS6(2020IJ.. A62.551). Note..Amortisation in year expènsèd tothe Cosiof Raising Donations(£10,116) and SupFortCosts(£1221). Keymanagementpersonnèl comprises t Trusts and ftsur(2020121.. four) mèmbèrsofthe management tsam.whi¢h attheyearend Comprlsesthesffmernkners lisred telow.. Charity Director Charity Business Manager Headof Marketing H¢adof FrraISIng$upport 10. TANGIBLE FIXED ASSETS ¢harltyand Group ¢hHrltyAnd offiEIpt arxpBulldlrf• Totsl COST Atl April 2021 58.782 495343 554.125 Additions 10.5 1Q523 At31 March2022 69,3 495Tr13 564,648 8. PENSIONS DEPRECIATION Foiall staff membersthectr1tyoPeatsaaefinecotfibutIOn pension plan. Theamount wognisecjasanexpense inyearwas£63,902 Q020121 £42.565). AtIApril 2021 44.311 24.767 69.078 Depreciation iThyear 5.633 19.814 25.447 A131 March2022 49,944 44581 94,5 Nèt bo¢)kvaluèat31 Mareh2022 19.361 4SO.762 470.123 Net0k¥21ue Èt31 MÈrch 2021 14.471 470.576 485.047 Note..Toral Doprecwtion inyearexp•nsed toth¢ Cosiof Raising Dcnations{£20,86n and Supwrtcosts (£4.580). 53

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

The Children’s Hospital Charity Ltd

(A company limited by guarantee not having a share capital)

11. FIXED ASSET INVESTMENT

----- Start of picture text -----
Listed Other
Investments Investments Total
COST OR VALUATION £ £ £
At 1 April 2021 2,251,608 3,000 2,254,608
Additions 2,459,735 - 2,459,735
-
Disposals (1,122,573) (1,122,573)
Movement in cash held 154,738 - 154,738
Revaluation gain/(loss) 28,860 - 28,860
At 31 March 2022 3,772,368 3,000 3,775,368
Carrying amount at 31 March 2022 3,772,368 3,000 3,775,368
----- End of picture text -----

12. DEBTORS

----- Start of picture text -----
The Group The Group The Charity The Charity
31 March 31 March 31 March 31 March
AMOUNTS DUE WITHIN 2022 2021 2022 2021
THE YEAR £ £ £ £
Trade Debtors 59,763 100,272 - -
Prepayments and accrued income
Amounts due < 1 year 564,878 1,352,062 564,878 1,145,965
- -
Amounts owed by group undertakings 58,877 11,794
624,641 1,452,334 623,755 1,157,759
----- End of picture text -----

13. STOCK

Investments at fair value (determined by reference to the quoted market value at the balance sheet date) compromises:

THE CHARITY	2022 £	2021 £
Shares in subsidiary undertaking	3,000	3,000
Equities / Bond Funds	1,420,169	2,000,498
Securities	2,185,919	239,568
Cash within investment portfolio	166,280	11,542
Total	3,775,368	2,254,608

Other investments: a 100% holding in the ordinary share capital of Theo Bear Trading Company Ltd (co. no. 02946773) registered office The Children’s Hospital Charity, Western Bank, Sheffeld, S102TH, are quoted at cost. The results of this company are included in the consolidated financial statements.

----- Start of picture text -----
The Group The Group The Charity The Charity
31 March 31 March 31 March 31 March
2022 2021 2022 2021
£ £ £ £
- -
Stock of goods for resale 32,437 61,209
----- End of picture text -----

All stock held is for resale.

14. CREDITORS: AMOUNTS FALLING DUE IN LESS THAN ONE YEAR

----- Start of picture text -----
The Group The Group The Charity The Charity
31 March 31 March 31 March 31 March
2022 2021 2022 2021
£ £ £ £
Trade Creditor 1,185,536 861,044 1,183,962 809,662
Creditors, accruals and deferred income 553,877 435,196 518,796 109,969
Tax and Social Security 16,098 35,289 16,098 13,677
Amounts committed to projects 412,099 377,379 412,099 377,379
Charity bank loan 10,571 10,571 10,571 10,571
- - - -
Amounts owed to group undertakings
2,178,181 1,719,479 2,141,526 1,321,258
----- End of picture text -----

Child'SOtalCa1VLld(ACotrnryl1rri[Éty8Lwan[gh01hafrg#sha[oCa1t#rJ ThChirÉlYOSPlIX1crItyLt(Ampahy1rtédwavtÉrlttrhSrngJghrèCaFl The Children's Hospital Charity Ltd 17. UNRESTRICTED FUNDS (A company limited byguarantee not having a share capital) Balah¢• ExpwdlturÈ &Gr3nts Committed Incomlng Resources 31 March 2022 20 Transfers 15. CREDITORS: AMOUNTS FALLING DVE AFTER MORE THAN ONE YEAR OESIGNATEO 368.495 3.8 40,912 413.297 .AAU 879 879 Th•Group Th•cib•rlty 31 March 2022 Thtrcharlty 31 March 2021 -Action Lab 4.710 3,7 8.547 31 March 20 31 March 20 - Becton General 6.365 4,964 (0) 10.979 - BeaVe[met 52.364 1,787 03fi60) 40,491 Charity b2rl¢103n 317.769 327.811 317.769 327.811 - BoneDiseaseOI 20.411 1,333 21.744 317.769 327811 317.769 32?11 Burnsunit 34,144 1,299 (790) 34.653 -Carclix Care 25 25 -Ambe[L(ge-cAMS 2.124 1124 - E[all1 L(ge-CAmS 3,586 3.586 - RubyLodge-CAMHS 1194 133 2.327 Charitybank loan includes aggregateamountsof £283,S91 (2021..£284.0111 whichfalldue afterfpleyearsand arepayae byinsralments. - SapphireLodge-CAMHS 5B42 175 6,017 -aa5sr(M)m& Bectonschool s.9 s.9 -CommunityCAHMS 9,480 1270 10.750 S•curlty -comm Physio 1128 2,128 Thebankloan comprisingof amounts owed to the Charity Bank issecured bya fixedchargeoverthe buildingsowned by thecharitablecompany. Thè loanls repayable In Installménts with an inrerest rare of 2.25%over Bankof England ba rate. Interestcharged on the loan duriry rheyear was £8254 (2021..£2,941). -Covid-19 215,127 77,1(K) OSa776) 139,451 - CWAHMSParentLiason 1,976 1.976 - Cystic Fibrosls Ca)tre 24,810 6,518 (3,861) 27.467 - Dermatology 6,055 6,577 - Diabetes 40,404 205 4.464 45,073 16. CAPITAL - EMbCe 85.277 10,905 (7,164) 89,018 Thecompany isa company limited byguarantee not h8vinga sharecapitsl. Accordinsly, thecompar)y ha5 no 5hareholder5 anolnoreconciliationof rnovemerrts in shareholders'funds has presented. - Endocrlnetlln 10.436 10,436 -ENT 29.190 29,JO - EyeDop2rtmt 17,978 4.198 ,176 - FoodTherapy 8,3 a253 -G2ftLab 833 836 -G2stroenterd 6.457 1,174 7.631 -Genetics 5,980 6.100 -H*matO&0ncolCY7Tr8 p launch 40.166 002) 40,064 - HearingSeNices 1625 1625 - Late EffÉcts 36,264 36.264 - Leukaemi8 &OncologyResearch 55.624 61 56,314 Sub-total Im9.178 126.$06 1,0913S7 Continuedover18of.. 57

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

17. UNRESTRICTED FUNDS (CONTINUED…)

----- Start of picture text -----
Balance Balance
Expenditure
1 April Incoming & Grants 31 March
2021 Resources Committed Transfers 2022
DESIGNATED £ £ £ £ £
-
Brought fowrard 1,099,178 126,506 (133,327) 1,092,357
- -
- Neonatal Surgical Equipment - MCC 17/18 21,999 (4,800) 17,199
-
- Neonatal Surgical Unit 10,311 13,652 (361) 23,602
- Neuro Mr Zaki 7,578 - - - 7,578
- Neurorehabilitation - 2,250 - - 2,250
- - -
- OI Therapy 2,688 2,688
- OPAT 212 1,953 - - 2,165
- Orthopaedics Procedures 16,012 412 - - 16,424
- -
- Outpatients 9,249 1,305 10,554
- -
- Pain Management 1,444 (392) 1,052
-
- PCCU (was ICU & HDU) 39,291 46,276 (6,249) 79,318
- Radiology 2,464 540 - - 3,004
- Renal 4,895 308 - - 5,203
- Rheumatology 22,585 605 (180) - 23,010
- RMTL 1,204 297 - - 1,501
- Ryegate Bike 20 267 - - 287
- -
- Ryegate Centre 30,629 6,656 37,285
- Ryegate Epilepsy 4,160 933 - - 5,093
- -
- Ryegate Helena's Specialist Nurses 5,032 1,966 6,998
-
- Ryegate House 4,593 2,240 (4,962) 1,871
-
- Ryegate Therapy Block 8,307 2,050 (230) 10,127
- -
- Safeguarding Support Unit 12,544 (501) 12,043
- - -
- Sophie's Fund 1,167 1,167
- Sleep 74,995 285 (1,116) - 74,164
- Spinal Unit 11,890 900 (972) - 11,818
- Theatre Admissions Unit 538 - - - 538
- Theatres 1,305 170 (928) - 547
- Urology 240 23 - - 263
-
- Ward 1 (formerly S1) 19,408 7,864 (5,947) 21,325
- Ward 2 (formerly S3) 25,801 362 - - 26,163
-
- Ward 3 (formerly M2) 5,320 2,416 (3,515) 4,221
- Ward 4 (formerly M1) 409 111 - - 520
-
- Ward 5 (formerly S2 - Neurosciences) 138,381 30,140 (2,587) 165,934
Sub-total 1,583,849 250,487 (166,067) - 1,668,269
----- End of picture text -----

17. UNRESTRICTED FUNDS (CONTINUED…)

----- Start of picture text -----
Balance Balance
Expenditure
1 April Incoming & Grants 31 March
2021 Resources Committed Transfers 2022
DESIGNATED £ £ £ £ £
-
Brought Forward 1,583,849 250,487 (166,067) 1,668,269
- -
Active Challenge 54,398 69,850 124,248
- - -
Active Challenge - Therapy Rooms 20,000 20,000
Artfelt Project
Artfelt - 7,801 (116,683) 108,882 -
- -
Artfelt Ward 4 Project 15,840 (11,668) 4,172
-
Building a Better Future (was Make it Better) 1,563,136 364,585 1,175,340 3,103,061
-
Build a Better Future Haematology 1,333,999 364,974 (469,596) (1,229,377)
& Oncology
Christmas - - (1,947) 1,947 -
EOS Scanner 10,907 - - - 10,907
- -
Helipad 35,186 48,693 83,879
- - -
Patient Entertainment Existing Hospital 9,365 9,365
Play Specialists - 5,428 (4,736) - 692
- - -
New Build (Artfelt) (54,037) 54,037
- - -
New Build - Artfelt (Glazing) 1,200 (1,200)
New Build - Artfelt (Museum cabinets) 675 - (77) - 598
- - -
New Build - Artfelt (Phlebotomy Rooms) 5,000 5,000
- - -
X-Ray Dept. (Artfelt) 6,465 6,465
Research 34,265 3,874 (123,841) 85,702 -
- -
Special Projects Grants 64,401 96,700 161,101
Total designated funds 4,738,686 1,212,392 (949,852) (1,196,531) 5,197,757
Undesignated funds 1,007,330 2,228,919 (916,267) (196,531) 2,123,451
Total unrestricted funds - Charity 5,746,016 3,441,311 (1,866,119) - 7,321,208
- - -
Profit retained in subsidiary 13,299 757,527
Total unrestricted funds - Group 5,759,315 - - - 8,078,735
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NAME OF DESIGNATED FUND	DESCRIPTION OF DESIGNATED FUND
Building a Better Future (was Make it Better)	The Children’s Hospital Charity’s mission is to transform Shelfeld Children’ s NHS Foundation Trust with the Build a Better Future Appeal, transforming the Cancer Ward, Emergency Department, Safeguarding Support Unit and build a new Helipad.
Other designated funds	Any charitable purpose relating to the service or department specifed in the name of the fund.

The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

18. RESTRICTED FUNDS

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Balance Balance
1 April Incoming 31 March
2021 Resources Expenditure Transfers 2022
£ £ £ £ £
-
Artfelt Workshops National Foundation for Youth Music 11,983 3,000 (7,319) 7,664
Artfelt Workshops The Freshgate Trust Fund 830 - - - 830
Artfelt Workshops National Lottery Community Fund 8 - - - 8
-
Artfelt Workshops The D'Oyly Carte Charitable Trust 3,240 4,500 (3,748) 3,992
- -
Artfelt Workshops Wallace & Gromit's Children's Foundation 6,830 (700) 6,130
Bone Research 11,864 - - - 11,864
- - -
Building a Better Future (Ward 6 restricted) 200,000 (200,000)
- - -
Chaplaincy 1,168 1,168
Children's Brain Disorders Research 3,056 - - - 3,056
Community Exercise Therapist 76,061 75 (22,816) - 53,320
- -
Cystic Fibrosis (CFCF) 73,117 (21,708) 51,409
- - -
Diabetes Type 1 8,467 8,467
Do it For You 168 - - - 168
- -
Helipad 2,424,419 5,000 2,429,419
- - -
Helipad Persimmons 100,000 100,000
Leukaemia Research 52,019 - (14,887) - 37,132
- - -
Leukaemia and Oncology Restricted 92,352 92,352
- - -
Medical Equipment 92,057 92,057
Build it Better 593 - - - 593
Plastic Surgery 521 - - - 521
PLRS 55,532 3,228 (3,148) - 55,612
Research & innovation 24,672 - (24,672) - -
- - -
Ryegate Centre Legacy 10,040 10,040
Speech Therapy 495 - - - 495
- - -
Staycation Packs 7,000 7,000
Toms Fund 3,638 200 - - 3,838
- -
Trust Projects The True Colours Trust 4,681 (2,642) 2,039
- - -
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) Garfield Weston 100,000 (100,000)
- - -
Ward 6 (Build it Better) PACT 59,374 (59,374)
- - -
Ward 6 (Build it Better) The Tom Bowdidge Youth Cancer 50,000 (50,000)
Foundation
- - -
Ward 6 (Build it Better) restricted donations 39,662 (39,662)
- -
Ward 6 (Build it Better) Westfield Health 50,000 (50,000)
- - -
Ward 6 Child's Play 2,108 2,108
- - -
Ward 6 Rays of Sunshine 20,000 (20,000)
-
Ward 6 Staff & Patient Support 10,230 (164) 10,066
- - -
Ward 6 Yorkshire Building SCF 2,000 2,000
3,245,984 488,204 (740,840) - 2,993,348
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NAME OF RESTRICTED FUND DESCRIPTION OF RESTRICTED FUND
Artfelt Workshops: National Foundation To fund Artfelt Sounds, a two year programme of music performances and tutorials for
for Youth Music patients across the Trust.
Artfelt Workshops National Lottery To fund the Artfelt Anywhere Project providing virtual workshops at patients bedsides.
Community Fund
Artfelt Workshops The D’Oyly Carte To fund virtual art & music workshops at the Becton Centre.
Charitable Trust
Artfelt Workshops: The Freshgate Trust To fund a series of circus workshops for our patients.
Artfelt Workshops:Wallace & Gromit’s To fund DJing sessions for patients in conjunction with the Physiotherapy Team which
Children’s Foundation explore movement and recovery.
Bone Research Any charitable purpose relating to Bone Research.
Building a Better Future (Ward 6 Funding towards the Cancer & Leukaemia Inpatient Ward development project.
restricted)
Chaplaincy Any charitable purpose relating to the Chaplaincy.
Children’s Brain Disorders Research To fund research into children's brain disorders, including salaries & equipment.
Community Exercise Therapist To fund an exercise and physical activity therapist in the community team.
Cystic Fibrosis (CFCF) Any charitable purpose relating to Cystic Fibrosis. Donation from Caring for Cystic Fibrosis.
Diabetes Type 1 Any charitable purpose relating to Diabetes Type 1'.
Do it For You A family centred activity day for children and young people who have received treatment
for cancer or a bone marrow transplant at Sheffield Children’s NHS FT. This fund was set up
specially for a ringfenced grant from Macmillan.
Helipad To fund a new helipad as part of the Build It Better appeal.
Leukaemia Research Any charitable purpose relating to Leukaemia Research.
Leukaemia and Oncology Restricted For the benefit of patients undergoing bone marrow treatment.
Plastic Surgery Any charitable purpose relating to Plastic Surgery.
PLRS Any charitable purpose relating to the Paediatric Limb Reconstruction Service.
Research & innovation Any charitable purpose relating to Research & innovation.
Ryegate Centre Legacy Any charitable purpose relating to Ryegate Children's Centre,an assessment and treatment
centre for children with a wide range of neurological and neurodisability needs.
Speech Therapy A legacy donation for use by the Speech Therapy team.
Tom’s Fund This fund was set up specifically for donations in memory of Tom Blower and is restricted
for use by the Intensive Care Unit.
The True Colours Trust Grant to make improvements to the Parent Rooms used by Ward 1 & 2 and Ward 5.
Ward 6 ( Build it Better) Funding towards the Cancer & Leukaemia Inpatient Ward development project provided by
various trusts.
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The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

19. FUND DESCRIPTIONS

21. GRANTS

Unrestricted funds

These funds are amounts which are not yet designated for a particular project by the Management Committee but also where no restriction as to how the funds can be expensed has been placed on the funds by the donor.

Designated funds

The numerous designated funds are projects or fundraising activities being run by the charity. These funds are set by the Management Committee as to what projects will be run and generally the funds are eligible to be transferred from one to another under the terms of the donations.

Restricted funds

These tend to be a result of one off large donations, regularly from legacies, where the funds are specified to only be spent on a particular type of work. The restrictions do not, usually, restrict the expenditure any further but the Management Committee keep a close watch on how these funds are spent and also what opportunities arise to spend the funds on prospective projects.

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THE FOLLOWING GRANTS HAVE BEEN MADE DURING THE YEAR 2022 2021
UNRESTRICTED FUNDS: £ £
Medical research projects within the Sheffield Children’s NHS FT 123,843 (19,299)
Charity projects for which there are designated funds 688,817 623,023
Support costs allocated 39,978 32,156
Total unrestricted funds 852,638 635,880
RESTRICTED FUNDS:
Medical research projects within the Sheffield Children’s NHS FT 39,558 145,327
Grants made projects for which there are restricted funds (note 18) 701,282 81,771
Total restricted funds 740,840 227,098
Total 1,593,478 862,978
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All grants made in year to Sheffield Children’s NHS FT

20. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

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2022 2022 2022
Unrestricted Restricted Total
£ £ £
Fixed Assets 4,316,843 - 4,316,843
Cash and current investments 5,131,430 3,462,682 8,594,112
Current assets 657,078 - 657,078
Current liabilities (1,708,847) (469,334) (2,178,181)
Non current liabilities (317,769) - (317,769)
Total 8,078,735 2,993,348 11,072,083
2021 2021 2021
Unrestricted Restricted Total
£ £ £
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
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22. RELATED PARTIES

There have been no related party transactions that require disclosure. (2020/21: services free of charge).

23. CONTINGENT ASSETS

The charity recognises legacy income when it has received notification of the legacy and has sufficient certainty regarding the amount of the receipt. Where there is uncertainty over the amount of the legacy that will be received, income is not recognised until the estate has been finalised by its executors. The charity prudently estimates that income from such legacies will be in the region of £235,000 (2020/21: £326,000) and will recognise this income in future years.

Company Registered No: 01224751 Registered Charity No: 505002

CONTENTS

Welcome

Meet Our Trustees

FACTS & FIGURES

26%

Highlights

THE BEARS OF SHEFFIELD

THE CHARITY HUB AND TRADING

LEGACIES

CORPORATE FUNDRAISING

Funded Projects Highlights

BUILD A BETTER FUTURE APPEAL

COMPLETED

FAQS ABOUT THE HELIPAD AND MAJOR TRAUMA UNIT

WHAT IS A MAJOR TRAUMA?

WHY DO WE NEED TO BUILD A HELIPAD?

WHY DOES WHERE DO AIR IT MATTER? AMBULANCES LAND NOW?

Facilities

CANCER AND LEUKAEMIA WARD

VCREATE

STAFF WELLBEING AND DEVELOPMENT

EXERCISE AND PHYSICAL ACTIVITY THERAPIST

Artfelt & Environment

CALM KITS AND SENSORY EQUIPMENT WARD 3

MINI-MUSEUMS WARDS 1, 2 AND 3

IMMERSIVE TECHNOLOGY FUNDING - CANCER AND LEUKAEMIA WARD

WORKSHOPS

ARTFELT PAUSE ART AND CULTURE CLUB FOR STAFF

Professor Amaka Offiah Mr Nicholas Nicolaou RIB UNFOLDING CT PARACETAMOL £9,000 DOSING WEIGHT £2,077

TRUSTS, FOUNDATIONS AND GRANTS

Youth Music UK ARTFELT SOUNDS PROGRAMME

Swann Morton Foundation IMPACT IN FOCUS

Westfield Health Charitable Trust WARD 6

Objectives and Activities

WHAT WE DO

FOR THE PUBLIC BENEFIT

OUR MISSION

OUR CHARITABLE OBJECTIVES

Financial Review

Our financial performance in year: the Statement of Financial Activities at a glance

How much income did we raise?

In detail:

CHARITABLE ACTIVITIES

RAISING FUNDS

Our financial health: The Balance Sheet at a glance

The assets and liabilities of our charity as at 31st March 2022 are stated below:

FIXED ASSETS

UNRESTRICTED RESTRICTED UNDESIGNATED INCOME FUND INCOME FUNDS

PROFIT RETAINED UNRESTRICTED IN SUBSIDIARY DESIGNATED This relates to retained profits from INCOME FUNDS

NET CURRENT ASSETS

How do we manage our funds?

RESERVES POLICY

Reserves at the end of the reporting period are calculated as follows:

RISK MANAGEMENT

GRANT MAKING POLICY

Report of The Management Committee 2021/22

PATRONS

MANAGEMENT COMMITTEE (TRUSTEES)

Registered Office and Address

of Principal Office

Company Secretary

Auditors

Bankers

Investment Management

OUR FUNDRAISING PRACTICES

OUR STRUCTURE, GOVERNANCE AND MANAGEMENT

ORGANISATIONAL STRUCTURE

RESPONSIBILITIES OF OUR MANAGEMENT COMMITTEE

AUDITORS

OPINION

OTHER INFORMATION

CONCLUSIONS RELATING TO GOING CONCERN

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

BASIS FOR OPINION

RESPONSIBILITIES OF TRUSTEES

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

The Children’s Hospital Charity Ltd

THE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2022