CHILDRENS IMMUNOLOGYTRUST REPORT AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 Registered Charity No. SC041239
CHILDRENS IMMUNOLOGY TRUST REPORT AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 CONTENTS Pa TRUSTEES, REPORT INDEPENDEMt EXAMINERS REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS
CHILDRENS IMMUNOLOGY TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2019 I. IEGAL AND ADMINISTRATIVE INFORMATION Charity name Chlldrens Immunology Trust ReEistered charity number SC041239 Charlty's principal address Trustees Independent examlner Z. STRUCTURE, GOVERNANCE AND MANAGMENT 2.1 Governing document The Chlldrens Immunology Trust was set up under a trust deed dated 5th January 2010. and obtained charitable status on l February 2010. The financial year run5 to 31st March. 2.2 Governunce ond management The trustees act without remuneration on behalf of the trust as outlined in the trust deed and shall adhere to the procedures thereln. The number of tru5tee5 shall not be less than three, and are appointed in accordance with the Trust Deed. Page I
CHILDRENS IMMVNOLOGY TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2019 3. OBJECTIVES AND AcfiviTIES 3.1 Aims and Objective5 of the charity The charity aims to continue to support the immunology base at the 'Sick Kids, hospital in Edinburgh, to fund research at the 'Chlldrens Bone Marrow, transplant unit in Newcastle upon Tyne and to support the brother5 and sisters of long term and terminally ill children in both hospitals. The principal objective5 of the Childrens Immunology Trust are.. the advancement, research and promotion of health within Northern Ireland. Scotland and Northern England. research and funding to assist in the savlng of Ilves. the provision of recreational facilities. or the organisation of recreational activities, with the objecl of improving the conditlons of life for the persons for whom the facilities or activities are primarily intended. the relief of those in need by reason of ill health, di5ablllty, flnanclal hardship or other disadvantage. 4. ACHIEVEMENTS AND PERFORMANCE During the year the Trustees were in the position to contlnue to fund the nurses p05t at Edinburgh Sick Klds. following the ongoing generous donation to cover these costs in full. The charity held two fundraising lunches in the Burts Hotel, Melrose and these were well attended. Following these succesful events, donation5 were made to fund medical equipment for children at Edinburgh Sick Kids, and to LarElee Prlmary School special needs department. 5. FINANCIALREVIEW The period finished with a surplus of £769, Compared with a deficit of £26,643 in the previous year. However this surplus is after making a donation to Langlee Primary special needs department. the puhaSe of medical equipment at Edinburgh Sick Klds, and after funding a further year of a dedicated immunology nurse at Edlnburgh Sick Kids. The funding of the nurse continued following an annonymous donation for the annual cost which is shown in restricted funds. 5.1 Reserve policy The unrestricted funds are available for furthering the charitable aims of the trust. The restricted funds represent donations made specifically for charitsble purposes. in this case the funding Df a nurse at Edinburgh Sick Kid5. The costs relating to this have been offset against the income in the year. Page 2
CHILDRENS IMMUNOLOGY TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCII 2019 STATEMENT OF TRusfEES' RESPONSIBILITIES The charity trustees are responsible for preparing a trustees, annual report and financlal statements in accordance with appllcable law and United Kingdom Generally Accepted Accounting Standards IUnltÈd Kingdom Generally Accepted Accountin8 Practice). The law applicable to charities in Scotland require the charity trustees to prepare financial ststements for each year which give a true and fair view of the stale of affairs of the trust and of the incoming resources and application of resources, including the Income and expenditure, of the trust for that period. In preparing the financial statements. the trustees are required to.. select suitsble accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable 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 charilable trust will continue in bu5ines5. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial posltion of the charity and to enable them to ensure that the financial statements comply with the Charities Accounts Iscotlandl Regulations 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF BY.. Signed: Date: 14 May 2020 Page 3
INDEpeNDEKf EXAMINER'S REPORTTO THE TRUVEES OF CHILDRENS IMMUNOLOGY TRUST l ¥eport on the financial statements of the charlty for the year ended 31 hAarch 2019 whlth are Set out on pages S to 8. This pDrt Is made solely to the Charlty's Trustee5 as a body, In accordance wlth Sertion 44 of the Charitles and Trustee Investment IScotl8ndl Act 2(K15. My exawninatlon has been undertaken 50 that I mi8ht State to the Charity's Trustees those matters l am r@quiied to state to them in an independent exarniners pOrt and for no other purpose. To the fullest exlent permitted by law. I do not actept or assume responsibiltY io anyone other than the charlty and the Charity's Trustees, as a bodyfor my examination5 for thi5 repo¢ or forthe opinions I havÈ formed. Respectlve responslbllttle5 of trustses and èxamlner The charv.$ trustees are responsible for the prepardtion of the accoun1$ in accordante with the term5 of the Charities and Trustee Investment Iscotlandl Att 2(X)5 and the Charities Accounts 15cotlandl Re8ulation5 2006. The charity trustees consider that the audlt requlrement of Re8ulation Iollllal to Icl of the 2006 Account5 Regulations does not aprdy. It is my responsibility to examine the èccounts as required under settlon 44lllltl of the Act and to stale whether partlcular m*ters have come to my attention. 8asls of Independent examlnerfs SMernent My examination is rrIed out In accordance wlth Regulation 11 of the 2006 Accounts Regulations. An examination Indudes a review of the aOUntIng records kept by ihe charity and a comparlson of the accounts presented with those re(ords. It a150 includes consideration of any unusual iterns or disclosures in the accounts. and seeks explanations from the trustees concernin8 any such matters. The procedures undertakèn do not wovlde all the evidence that would be requlred In an audiL and CDtbsequently I do not express an audlt opinion on the view glven bythe accounts. Independent examlner's statement In the course of my examlnation, no matter has corne to rny attention l. which glves me reasonablt cause to believe that In any material respect the requiremenls.. lal to keep a¢covnting records In accordance with 5eclion 44llllal of the 2005 Act and Regulation 4 of the 2006 Accounts Rulations. and Ibl to prepare accounts whith accord with the atcounting Tecords and comply with Regulatlon 8 of the 2006 Accounts Regulatlons have not been met, or 2. to whlch, Sn my oplniDn, attention Should be drawn In orderto enable a proper unde15tandlng of the accounts to be reached. Date.. 14 May 2020 Page 4
CHILDRENS IMMUNOLOGYTrUST ihNAUDITED 5TATEMENTOF FINANCIAL ACTIVITIES INCORPOATING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARQI 2019 Unreslrtcted Funds Re5trlcted FU15 TDtal Total 2018 NotÈ5 2019 InrnIng resources IrKomlng resources from Eeneratlng funds.. Voluntary incorne Investment ilKO 8.310 65 23,720 32,030 30.269 74 Total kncomlng re$ourc•s 8,375 23,72D 32,095 30,343 Resources oxpendtd CDsts of generating funds Cost of generating volunary lTrcorne Charttable actlvltles 3,089 4,517 3,089 28,237 2.740 54,246 23,720 Total reSoUrS expended 7.606 23,720 31.326 56,986 Net movement In fd$ 769 769 126,6431 Fd balance broughtforward at JI March 2018 142,035 20,016 162,051 188.694 Fd balan ¢arAed fonvawd èt 31 Marth 2019 142.804 20,016 162.820 162,051 The Statement of Flnancial AttNitlos includes all 8alns ar losse5 In the year. All IKornlnB reS0rt@S and rÈsourte$ e%pended derfve from contlnulng actiYStles. Page 5
CHILDRENS IMMUNOLOGY TRUST UNAUDrrED BALANCE SHEET AT 31 fvIARCH 2019 Notes 2019 2018 CUftREf ASSETS Debtors Cash at bank 25,083 137,737 162,820 26,362 137,051 163,413 CURRENT LIABILinES Creditors 11,3621 NET ASSETS 162,820 162.051 REPRESENTED BY: Unrestricted funds 142,804 142,035 Restricted fvnds 20,016 20,016 162,820 162,051 These accounts were approved by the trustees on . and signed on their behalf by: Signed.. The notes on pages 7 to 8 form an integral part of these financial statements. Page 6
CHIU)RENS IMMUNOLOGYTRUST NOTES TO THE UNAUDITED FINANCIALSTATEMETrirs FOR THE YEAR ENDED 31 MARCH 2019 I. ACCOUNTING POLICIES Basis of preparatlon The finan¢lal Statements have beet) prepared under the historic cost conventlon. and In accordance with applicable accountln8 standards, the Statement of Recommended Pradlcè "Attounting & Reporting by Charities" ISORP 2LKJ51 and section 44lillcl of the Charities and Trustee Investment (Scotlandl Act 2005. Funds Vnrestricted funds are expendable at thè discretlon of the trustees in the furtherance of the objects of the charity. Re5tricled fund5 are funds that can only be used for particular restrSrted purposes withln the objects of the charitv. Reslrictlon5 ar15e when 5peclfied by the donoi or when fvnds are ralsed for particular restricted purposes. InmIng resources Voluntary income includlng donatlons will be recognised in the perlod when the charlty15 entitled to Use the resource. Investment income is recognised when recefved. Income from charitable artivitie5 will be recognlsed in the period that the èttlvity falls and rhe charlty becomes entitled to use the resource. Resources expended Costs of generatin8 funds wlll be re¢o8nised in the perlod they arlse. Costs expended In relation to charltable acllvitles will be recognised in thè perlod that the activity occur5, or if earlieT, when payment falls due and is non-refundable. other expenditure is reco8ni5ed In the period It Is Incurred. Taxatlon The charity ha5 charltablÈ ststus and Is exempt from taxatlon. 2. TRusfEE REMUNERATION The Irustees re)Ved no remuneration or expenses In the period. 3. INCOMING RESOURCES FROM VOLuNfARY INCOME Unrestrl¢ted funds Restrlrted funds Total 2019 Total 2018 Donatlons Fundraising events 242 8,(8 23.720 23,962 8,068 25,554 4,715 8.310 23.720 32,030 30,269 Page 7
CHILDRENS IMMUNOLOGY TRusr NOTES TO THE UNAUDITED FINANCIAL STATEmErs FOR THE PERIOD ENDED 31 MARCH 2019 ..¢ontinued 4. cosr OF GENERATING FUNDS Unrestrlrted funds Restrlcted funds Total 2019 Total 2018 Cost5 of giving Fundralsing events 216 2A73 216 2,873 216 2,524 3.089 3,089 2.740 5. CHARITABLE ACTIVITIES Unrestrlrted funds Restrlrted funds Totsl 2019 Total 2018 Donatlon to Slck Kids Donations to Sick Kid5 Donations to Langlee Prlmary Speclal Needs Donations to CHAS 23,720 23,720 1,917 2,600 23.496 1,917 2,600 30.750 6. ANALYSIS OF NET ASSEfs BETWEEN FUNDS Unrestrlcted funds Restrlcted funds Total 2019 Total 2018 Current assets Current liabilities 142.804 20,016 162,820 163,413 11,3621 142,804 20,016 162,820 162,051 7. ANAIYSIS OF CHARITABLE FUNDS Balance at 1st Aprll 2018 Fund5 Transferred In¢oml resources Resources Balance at 3tst expend•d March 2019 Unrestricted general fund 142,035 8,375 17.6061 142,804 Re5trirted funds 20,016 23,720 123.7201 20.016 Page 8