The Children's Fund for Health Limited
Annual Report 2009
The Children's Fund for Health Limited Annual Report
The Children's Fund for Health Limited Annual Report 2009
Contents 03
Our Vision and Mission
04
Chairman’s Foreword
06
CEO’s Address
08
Temple Street at the Forefront of Paediatrics
10
A History of Fundraising at Temple Street
13
How the Fundraising Office Supported the Hospital in 2009
14
How We Achieve Our Fundraising Goals
15
Fundraising Achievements
18
Income and Expenditure
19
Balance Sheet
21
Cash Flow Statement
22
Notes to the Financial Statements
26
Board of Directors
27
Directors and Other Information
The Children's Fund for Health Limited Annual Report
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“As a parent, you never think that you will be standing in a hospital being told that one of your precious children has a brain tumour and will need to have brain surgery. Your whole world changes, suddenly the little things that had seemed so important pale into insignificance and all of your energy goes into getting your baby through this frightening ordeal as best you can.� Geraldine and John Parents of Max
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Our Vision
Our Mission
To raise funds to enable Temple Street
To assist the Hospital in consolidating
Children’s University Hospital to continue
its position at the forefront of
to provide world class medical care to
paediatric medicine through the
babies and children from all over Ireland.
refurbishment of hospital facilities,
Temple Street is a centre of excellence
the development of new services, the
in paediatric treatment, training and
funding of vital, life-saving equipment,
research and we will continue to strive
research and the provision of funds for
to ensure that every child that attends
support services for the parents and
the Hospital will receive the very best
families of the sick children in our care.
standard of care available.
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Chairman's Foreword
Temple Street Children’s University Hospital continues to occupy its place as one of Europe’s busiest children’s hospitals. The aim of the Hospital is simple: to deliver the very best healthcare possible to the children of Ireland. To achieve this without the commitment, support and generosity of our fundraisers would be impossible. Our nationwide network of givers, volunteers and donors are the essential supportive framework behind everything we achieve for the sick children of Ireland.
“Over the past year, despite the continued difficult economic climate that has affected all of us in this country, our supporters have come together with a renewed vigour and devotion to continuing their efforts to protect and promote the health of sick children in Ireland.”
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The Children's Fund for Health Limited Annual Report
Over the past year, despite the continued difficult economic climate that has affected all of us in this country, our supporters have come together with a renewed vigour and devotion to continuing their efforts to protect and promote the health of sick children in Ireland. With their support the Fundraising Office invested heavily throughout 2009 in equipment, research, development, facilities and support for parents.
Our primary fundraising focus was to raise funds to purchase a number of vital pieces of life-saving equipment including items such as; incubators for seriously ill newborns, mobile x-ray machines, a dialysis machine, morphine pumps, ventilators and patient monitors. The total expenditure on equipment in 2009 exceeded €1,000,000. These new pieces of equipment will enable us to continue to provide the best possible environment for the children in our care. One of the major projects undertaken in 2009 was the continued fundraising and development of the dedicated Cystic Fibrosis and Respiratory Out-patient Unit which is due for completion in March 2010. In the first half of the year, Temple Street Children’s University Hospital assumed responsibility for paediatric neurosurgery for all children in Ireland under the age of six and the Fundraising Office took on the extra responsibility to meet the demand for highly specialised, state-of-theart medical equipment by agreeing to raise €2,000,000. During the year the Fundraising Office also provided funding of €1,200,000 for research into life-threatening illnesses and metabolic disorders.
On behalf of my fellow board members I wish to sincerely thank all of our corporate partners, our dedicated fundraisers and supporters, our wonderful volunteers and every person that supported the work we do in any way in the last year. Without this commitment and dedication we would not be able to support the Hospital in this way. We would also like to express our earnest gratitude to everyone who has donated money to Temple Street Fundraisers over the past year; the generosity of our citizens here in Ireland during some of the harshest economic times has not failed to move us.
We are very proud to play our small part in supporting the amazing world-class medical staff here in Temple Street Children’s University Hospital and will continue to endeavour to assist the Hospital in consolidating its position at the forefront of paediatrics.
Mr. Justice Peter Kelly Chairman of the Board
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CEO's Address
Dear Friends, As we are all aware 2009 was a challenging year, financially speaking. Every adult in Ireland felt the effects of one of the worst economic crises this country has seen. Yet, sadly, economics is no respecter of health or well-being and children are still continuing to suffer illness and injury every day. The Hospital cares for approximately 125,000 children annually and each and every child treated here deserves the highest level of care possible. More money than ever is required to save children’s precious lives.
“2009 saw us face our biggest challenge yet. Many of the companies and corporate partners who had traditionally supported our fundraising activity were no longer in a position to do so. However, using creativity, innovation and garnering the unwavering support of our staunchest supporters we were able to raise the staggering amount of €4,500,000.”
To continue to respect the most precious resource this country has, the futures of our children, Temple Street Children’s University Hospital must continually, and without hesitation, provide world-class medical treatment and care to them. The Fundraising Office’s role is to strive to generate the funds needed to achieve this. 2009 saw us face our biggest challenge yet. Many of the companies and corporate partners who had traditionally supported our fundraising activity were no longer in a position to do so. However, using creativity, innovation and garnering the unwavering support of our staunchest supporters we were able to raise the staggering amount of €4,500,000. Thus, I am delighted to report that, thanks to the relentless dedication of our staff, donors and volunteers, we have managed to fully achieve and even exceed the fundraising objectives established for the year. Our aim is to help sick children; we do this by funding the purchase of life-saving medical equipment, developing new services, funding research and developing new treatment facilities. The funds we raise enable Temple Street Children’s Hospital to continue to provide world-class medical care to hundreds of thousands of babies and children. The Fundraising Office works in close partnership with the Hospital and, through a rigorous
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The Children's Fund for Health Limited Annual Report
consultation process, funds are allocated for the purchase of equipment, the development of new services, the redevelopment of facilities and the funding of life-saving research. Throughout 2009 we contributed over €1,000,000 towards life-saving equipment such as incubators, mobile x-ray machines, ventilators and patient monitors. We provided funding of €1,200,000 for research into lifethreatening illnesses and metabolic disorders and we also contributed €2,500,000 to the development of a new dedicated Cystic Fibrosis and Respiratory Out-Patient unit. At the beginning of 2009 the Hospital, on the request of the HSE, assumed responsibility for paediatric neurosurgery for all children in Ireland under the age of six. With this added responsibility came extra demand on resources. We need highly-specialised, state-of-the-art neurological equipment to ensure our patients continue to receive the best possible standard of care. The Fundraising Office committed to contributing €2,000,000 in funds for the purchase of equipment for this new service to ensure that these children can now be treated in a dedicated paediatric environment. As the Hospital provides increasingly specialised services to the children in its care, combined with advances in medical science and equipment, the demand on limited resources grows. We need to continue to develop specialist skills, introduce new technologies and produce the best possible environment for the children we care for. To achieve these goals, the Fundraising Office must ensure that sufficient funds are available for use to the Hospital and we will continue to rely on the generosity of supporters for this, perhaps now more than ever. We are utterly committed to making a difference in the lives of the children that visit Temple Street each year and our devotion through these challenging times is only strengthened when faced with obstacles.
Ward / Facility Redevelopment Following a lengthy consultation process with the Hospital to determine the areas most requiring immediate help with funding, it was confirmed that the focus of our major fundraising for 2009 would be to continue the development of the dedicated Cystic Fibrosis and Respiratory Unit. The total cost of this project was €3,200,000, over €2,500,000 of which was raised through donor support and corporate partnerships. We are especially grateful to our partners; Friends First, The Eureko Foundation and CF Hopesource for their support in building this unit. They have been a major force in the realisation of this outstanding new facility. This is a facility that our patients are so deserving of, and have waited so patiently for, and will make a tremendous difference in the lives of children suffering from these conditions. Thanks to a partnership with the Vodafone Foundation in 2009 we were also able to develop an exciting new project to directly affect the experience children have whilst receiving treatment here. The completion of an innovative new, fully-equipped Multi Sensory Room at the Hospital was an exciting new addition to our services. A holistic approach to healing is an important part of aiding children’s recovery and the new facility has been specially designed to give patients opportunities to either completely relax or to access a wide range of sensory experiences for therapy, learning or fun. This project genuinely makes a huge difference to all our children’s hospital experience here. Securing Future Developments The major focus for the Fundraising Office for 2010 will be on providing supplementary services, equipment, facilities and assistance
as needed for the Neurosurgery Appeal. This appeal supports Temple Street’s position as the leading provider of neurological treatment in this country. The Hospital’s Strategic Plan for 2008-2010 states the key service developments and enhancements needed and we will continue, where possible, to ensure that we can assist the hospital in meeting its key milestones. Alongside the purchase of life-saving medical equipment, over €2,000,000 has been earmarked for major projects for the hospital for 2010. These projects include research projects identified by the Hospital as key to their positioning as a Centre of Medical Excellence in Ireland and on a world-wide scale, as well as training, development and information services. There is never any doubt in our minds that we must continue to strive to generate the essential funds needed to enhance the services and care available to all children at the Hospital and to support their parents during what can be the most difficult time of their lives. We truly believe that we have a world-class medical team here in Temple Street Children’s University Hospital and are proud to support their life-changing and life-saving work through the provision of the funds required to do so.
talented individuals can achieve for a cause they remain unfalteringly dedicated to. Finally, I want to express my unending thanks to all of our wonderful volunteers, fundraisers, supporters and donors nationwide who have taken the time and energy to give their support to Temple Street. We could not continue to support the Hospital and the children who rely on it to such a degree without the staggering dedication exuded by these incredible individuals. Each and every one of them make a difference to these children’s lives and we look forward to continuing to work together to ensure the children of Ireland receive the highest quality of care at Temple Street Children’s University Hospital.
Denise Fitzgerald, Chief Executive
It is important to acknowledge the leadership and support of the Chairman and the Board of Directors of The Children’s Fund for Health Ltd. as well as the Chief Executive, Chairman and Board of Directors of Temple Street Children’s University Hospital. I would also like to express my deepest gratitude to the staff of the Fundraising Office. It never ceases to astound me what our modest team of nine
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Temple Street at the Forefront of Paediatrics
Temple Street Children’s University Hospital is an Acute Paediatric Hospital in Dublin’s North inner city providing a secondary and tertiary referral and care service both regionally and nationally up to the eve of a child’s 16th birthday. Founded in 1872, it is the only inner city children’s hospital and its catchment area includes the entire country. The Hospital cares for approximately 125,000 children annually and has numerous specialties which position it at the forefront of Paediatrics in many varied fields.
“The Hospital cares for almost 125,000 children annually and has numerous specialities which position it at the forefront of Paediatrics in many varied fields. We continue to develop and enhance these specialities in response to the growing demand on services. ”
Temple Street is the: • National Paediatric Renal, Dialysis and Transplant Hospital of Ireland • National Centre for Paediatric Neurosurgery (for children up to the age of six) • National Centre for Inherited Metabolic Disorders • National Meningococcal Reference Laboratory • National Craniofacial Centre • National Centre for Paediatric Ophthalmology • National Airway Management Centre
Major specialties include: • Neonatal and Paediatric Surgery • Neurosurgery • Nephrology • Neurology • Orthopaedics • ENT • Plastic Surgery
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Temple Street at the Forefront of Paediatrics
The Emergency Department has almost 50,000 attendances per annum and is the biggest paediatric casualty department nationwide. It is also one of the busiest paediatric A&E Departments in Europe. In addition to the full range of in-patient and out-patient services and paediatric critical/intensive care, the Hospital has a full range of Clinical and Health & Social Care Services including; • Physiotherapy • Medical Social Work • Occupational Therapy • Clinical Nutrition/Dietetics • Psychiatric Social Work • Neuropsychology • Chaplaincy
and Adolescent Mental Health, Psychology, Speech and Audiology and the Hospital also operates a comprehensive Laboratory and Radiology service. The Children’s University Hospital has, at the request of the HSE, taken on responsibility as the National Centre for Paediatric Neurosurgery for all children up to the age of six.
"The Emergency Department has almost 50,000 attendances per annum and is the busiest paediatric casualty department nationwide."
The delivery of care is provided by a staff of almost 100 consultants and over 1,000 other full-time and part-time nursing, paramedical and support staff. In 2009, 12,769 children were admitted to Temple Street. In total, there were 69,153 Out-patient attendances, 44,477 children attended our Emergency Department and 6,155 surgical procedures were performed.
12,769 children were
admitted to Temple Street
69,153 Out-patient
attendances
44,477 children attended
our Emergency Department
6,155 surgical procedures were performed.
St. Frances' Clinic provides services for Child
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A History of Fundraising at Temple Street
The Fundraising Office of Temple Street Children’s University Hospital was founded in 1998 to generate funds which would be used to facilitate the purchase of medical equipment, fund research and allow for the refurbishment and development of Hospital facilities. The charity was incorporated in 2000 as The Children’s Fund for Health (Charity Reg No: CHY13534).
"The Fundraising Office of Temple Street Children’s University Hospital was founded in 1998 to generate funds which would be used to facilitate the purchase of medical equipment, fund research and allow for the refurbishment and development of Hospital facilities."
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The Children's Fund for Health Limited Annual Report
The Fundraising Office originally had an office staff of two. Today the office has a full-time staff of nine and to date has generated in excess of €30,000,000 for the Hospital since it was incorporated. These funds have been raised through the execution of extensive fundraising campaigns and the development of successful corporate partnerships.
We are governed by a Board of Directors and liaise directly with the Hospital Board and Management Team. We work in accordance with the strategic plan of the Hospital to accurately assess the fundraising needs of the Hospital. We are focused on providing world-class medical care and supporting patients and their families during what can be one of the most difficult experiences of their lives. With constant advancements being made in medical fields with regard to treatment options and equipment, we are dedicated to continuing to generate funds so that we can ensure that every single child that comes to Temple Street will receive the very best standard of care available in Ireland. This is made possible by our valued network of volunteers, the parents of children in our care, fundraising supporters and companies who share our vision for the Hospital.
How the Fundraising Office Supported the Hospital in 2009
The Fundraising Office provides funding for equipment, facilities and research for the Hospital, and support for parents generated by a wide variety of fundraising activities. In conjunction with the Hospital Board of Management, the fundraising objectives established for 2009 were: 1.
Clinical Support
2.
Further expansion of existing services and development of new services
3.
Development of facilities and redevelopment of some existing facilities
Clinical Support Every year, the Fundraising Office provides Clinical Support to the hospital through the funding of various pieces of equipment. In total €1,000,000 was invested in medical equipment in 2009 which included ventilators, cardiac monitors, patient monitors, incubators and morphine pumps.
During 2009, over €4,500,000 was generated through the Fundraising Office and ultimately used to achieve these objectives.
"During 2009, over €4.5 million was generated through the Fundraising Office."
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The new Dedicated Cystic Fibrosis and Respiratory Unit (due to open in 2010), the culmination of intense fundraising through the Hospital Fundraising Office, will be the realisation of years of hard work by our dedicated volunteers and supporters who, like us, recognise how vital having such a facility is for children who have Cystic Fibrosis. We are especially grateful to our partners; Friends First, The Eureko Foundation and CF Hopesource for their support in building this unit.
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The Children's Fund for Health Limited Annual Report
How the Fundraising Office Supported the Hospital in 2009
Further expansion of existing services and development of new services:
Development of facilities and redevelopment of some existing facilities:
In early 2009, Temple Street agreed to assume responsibility for all children in Ireland under the age of six who require Neurosurgery. This added responsibility had an immediate knockon effect on our fundraising objectives as the expansion of this service was a significant undertaking and would require heavy support from the Fundraising Office.
Throughout 2009, building work continued on our new Dedicated Cystic Fibrosis and Respiratory Out-patient Unit at the Hospital. The fundraising for this facility had been the main focus throughout 2008 and the redevelopment of it during 2009. Due to open in 2010 it will be the realisation of years of hard work by our dedicated volunteers and supporters who, like us, recognise how vital having such a facility is for children who have Cystic Fibrosis.
In 2009 we officially opened our Multi Sensory Room (MSR) thanks to funding provided by the Vodafone Ireland Foundation. The controlled environment offered by the new Multi Sensory Room has many benefits for children with intellectual or learning disabilities, physical restrictions, hearing impairments, visual impairments or behavioural disorders. The room will also be utilised by patients with fears and anxieties about hospital procedures through both individual sessions and small group sessions.
The new CF Unit
Substantial investment has also been made in staff training, services for parents and support materials such as educational and informative DVDs to ensure that all patients and parents receive the best treatment and support possible.
The new Multi Sensory Room
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How We Achieve Our Fundraising Goals
"Our Charity of the Year partnerships are a key component of our fundraising success. We have developed wonderful partnerships with some of the leading organisations and companies in this country."
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The Children's Fund for Health Limited Annual Report
Internal Calendar of Events
Corporate Partnership/ Support:
Every year we work to an internal calendar of events which we ensure is as varied and unique as possible while holding on to some of our longstanding events. Some of the events we arranged in 2009 were; Annual Gala Ball, Annual Golf Classic, Annual Trick or Treat for Temple Street Halloween Campaign and our Annual Support Your County Ball. We are so grateful to everyone who came along to these events and helped to make them such successful and of course, enjoyable, fundraisers.
Our Charity of the Year partnerships are a key component of our fundraising success. We have developed wonderful partnerships with some of the leading organisations and companies in this country. Initiatives worked on in 2009 include partnerships with the Vodafone Foundation, Friends First and the Eureko Foundation. We also secured partnerships for 2010 with IKEA, Topaz and Citibank.
Community/ External Fundraising Events: We could not continue to meet our fundraising goals without the community and external fundraising events arranged by our volunteers and supporters every year. The level of creativity, dedication and kindness poured into these events never ceases to amaze us.
Governance •
Fundraising Office Board
•
Hospital Board
•
The Charities Act 2009 was signed into law on 28th February 2009
Fundraising Achievements
Some of our Key fundraising achievements to date are: • Total Purchase of Medical Equipment • Redevelopment of 9-bed Intensive Care Unit • Redevelopment of our 18-bed Neo-Natal and High Dependency Unit €2,000,000
Almost €8,000,000 €2,500,000 Fundraising contribution €1,450,000
• Purchase of dedicated Paediatric MRI Scanner and upgrades
€2,300,000
• Purchase of dedicated Paediatric CT Scanner
€1,350,000
• Redevelopment of Renal & Transplant Unit
€1,250,000
• Provision of Parents and Family Accommodation • Out-Patient Department Redevelopment • Development of new Cystic Fibrosis and Out-Patient Unit €3,175,000 (due to open 2010)
€900,000 €1,700,000 Fundraising Contribution of €2,500,000
Objectives and Strategies 2009 Our objectives and strategies fell under three categories; fundraising, allocation of funds and Governance Objective and Strategy FUNDRAISING To raise €3,500,000 in 2009 ALLOCATION OF FUNDS To fund; the purchase of equipment, the development of new services and the redevelopment of facilities GOVERNANCE Our objective was to surpass all legislative and ethical requirements regarding fundraising initiatives through following best practice guidelines and procedures.
Status
Achieved and Target Exceeded
Achieved
Achieved on all key areas. Work is ongoing to ensure that this standard is maintained and the new legislative regulations continue to be met.
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The Children's Fund for Health Limited Annual Report
Our fundraising donations have enabled substantial investment to be made in staff training, services for parents and support materials such as educational and informative DVDs to ensure that all patients and parents receive the best treatment and support possible.
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The Children's Fund for Health Limited Income and Expenditure Account for the Year Ended 31st December 2009 Notes
2009 2008 € €
INCOME Donations and fundraising events
4,474,568
6,280,868
Fundraising event costs
(938,554)
(1,198,088)
SURPLUS FROM DONATIONS AND FUNDRAISING EVENTS
3,536,014
5,082,780
Interest receivable and similar income
323,475
348,299
TOTAL NET INCOME
3,859,489
5,431,079
Administration expenses
(480,340)
(480,747)
SURPLUS PRIOR TO DISBURSEMENTS
2
3,379,149
4,950,332
Disbursements to causes
(4,908,678)
(2,711,485)
(DEFICIT )/SURPLUS FOR THE YEAR
(1,529,529)
2,238,847
The deficit for the year arises from continuing operations and all gains and losses in both the current and preceeding year are included above.
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The Children's Fund for Health Limited Balance Sheet as at 31st December 2009 Notes 2009 2008 FIXED ASSETS € € Tangible assets
5
880,548
888,346
Debtors
6
192,878 401,140
Cash at bank and in hand
CURRENT ASSETS
CREDITORS (Amounts falling due within one year)
7
NET CURRENT ASSETS
CREDITORS (Amounts falling due after more than one year)
8
NET ASSETS
9,537,925
9,538,832
9,730,803 9,939,972
(1,732,581)
(232,442)
7,998,222 9,707,530
-
(187,577)
8,878,770
10,408,299
REPRESENTED BY Income and Expenditure Account
9
8,878,770 10,408,299
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The Children's Fund for Health Limited Annual Report
The Children's Fund for Health Limited Cash Flow Statement for Year Ended 31st December 2009 Notes 2009 2008 € € NET CASH INFLOW FROM OPERATING ACTIVITIES
10
4,785,533 4,878,165
RETURNS ON INVESTMENTS & SERVICING OF FINANCE Interest received
323,475
348,299
323,475
348,299
Payments to acquire tangible fixed assets
(13,660)
(318,430)
Disbursements to causes
(4,908,678)
(2,711,485)
(4,922,338)
(3,029,915)
186,670
2,196,549
(187,577)
(53,847)
907
2,142,702
CAPITAL EXPENDITURE, DISBURSEMENTS TO CAUSES & FINANCIAL INVESTMENT
NET CASH INFLOW
FINANCING Repayment of loan INCREASE IN CASH IN THE YEAR
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The Children's Fund for Health Limited Annual Report
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The Children's Fund for Health Limited Notes to the Financial Statements for Year Ended 31st December 2009 1.
COMPANY STATUS
The company is limited by guarantee and does not have a share capital. Every member of the company undertakes to contribute to the assets of the company in the event of same being wound up while he/she is a member, or within one year after he/she ceases to be a member, for payment of the debts and liabilities of the company contracted before he/she ceases to be a member, and of the costs, charges and expense of winding up, and for the adjustment of the rights of the contributors among themselves, such amounts as may be required not exceeding €1.27.
2.
SURPLUS PRIOR TO DISBURSEMENTS
2009 2008
€
The surplus prior to disbursements for the year is stated after charging (crediting);
Directors’ remuneration
- -
Auditors’ remuneration
7,865 7,378
Depreciation of tangible assets
Interest receivable
(323,475) (348,299)
3.
EMPLOYEES AND REMUNERATION
2009 2008
The average number of persons employed by the company during the year was 9 (2008:8) and is analysed into the following categories:
Management
2
2
Administration
7
6
9
8
21,458
€
20,110
The staff costs amounted to:
Wages and salaries
397,024
392,869
Social Welfare costs
42,459
41,889
Pension costs
7,843 6,901 447,326 441,659
4. TAXATION
No corporation tax liability arises for the year as the company is exempt from taxation due to its charitable status.
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The Children's Fund for Health Limited Annual Report
The Children's Fund for Health Limited Notes to the Financial Statements for Year Ended 31st December 2009
5. TANGIBLE ASSETS
Buildings Equipment Total € € €
At 1 January 2009
897,669
10,787
908,456
Additions
7,695
5,965
13,660
At 31 December 2009
905,364
16,752
922,116
Depreciation:
At 1 January 2009
17,953
2,157
20,110
Charge for year
18,107
3,351
21,458
At 31 December 2009
36,060
5,508
41,568
Net book value:
At 31 December 2009
869,304
11,244
880,548
At 31 December 2008
879,716
8,630
888,346
6. D EBTORS (Amounts falling due within one year) 2009 2008 € €
Other debtors
167,334
398,940
Prepayments
25,544
2,200
192,878
401,140
7. CREDITORS: (Amounts falling due within one year)
2009 2008 € €
Deferred income
142,771
47,908
Accruals and other creditors
1,589,810
184,534
1,732,581
232,442
Included in accruals and other creditors is an amount of e1,279,729 (2008: e23,668) due to The Children's University Hospital, Temple Street, Dublin 1, which was paid subsequent to the balance sheet date.
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The Children's Fund for Health Limited Notes to the Financial Statements for Year Ended 31st December 2009 8. CREDITORS (Amounts falling due after more than one year)
Bank loan
This represents the mortgage secured on the building. The terms of borrowing provide for repayment over seven years. The mortgage interest payments are borne by a third party and also capital reductions are to be made annually from the proceeds of fundraising initiatives generated by this third party.
2009 2008 € € - 187,577
9. INCOME AND EXPENDITURE ACCOUNT
Restricted Funds €
Designated Funds €
General Funds €
Total
Opening balance 1 January 2009
3,005,336
2,898,705
4,504,258
10,408,299
(Deficit)/surplus for the year retained
(1,855,599)
2,198,144
(1,872,074)
(1,529,529)
Closing balance 31 December 2009
1,149,737
5,096,849
2,632,184
8,878,770
The organisation has projects and commitments approved by the fundraising board totalling €6.2m on behalf of the Children’s University Hospital, Temple Street, Dublin 1 as at 31 December 2009. Other projects and commitments approved by the fundraising board subsequent to the year end amount to €1m.
10. RECONCILIATION OF EXCESS OF INCOME OVER EXPENDITURE TO CASH INFLOW FROM OPERATING ACTIVITIES
€
2009 2008 € €
Surplus prior to disbursements
3,379,149 4,950,332
Depreciation
21,458 20,110
Adjustment for interest received and similar income
(323,475) (348,299)
Decrease in debtors
208,262 368,478
Increase/(decrease) in creditors
1,500,139 (112,456)
4,785,533 4,878,165
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The Children's Fund for Health Limited Annual Report
The Children's Fund for Health Limited Notes to the Financial Statements for Year Ended 31st December 2009
11. ANALYSIS OF NET FUNDS
Cash
1/1/2009 €
Cash Outflow €
31/12/2009 €
9,538,832
(907)
9,537,925
12. RELATED PARTY TRANSACTIONS
Certain administrative expenses of the company are discharged by the Children’s University Hospital, Temple Street, Dublin 1 and recharged to the company. These transactions are at arm's length. In addition, the Children’s University Hospital, Temple Street, Dublin 1 is a beneficiary of company fundraising activities.
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25
The Children's Fund for Health Limited Board of Directors
Mr. David McCann
Ms. Siobhan Brady
Mr. Justice Peter Kelly
Judge Ann Ryan
Mr. Cormac McAlinden
Mr. Donal Spring
Mr. Michael Monaghan
Statement of Guiding Principles of Fundraising The Children’s Fund for Health Limited is fully committed to achieving the standards contained within the Statement of Guiding Principles of Fundraising. The Statement exists to: •
Improve fundraising practice.
•
Promote high levels of accountability and transparency by organisations fundraising from the public
•
Provide clarity and assurances to donors and prospective donors about the organisation they support.
We, The Children’s Fund for Health Limited, have considered the Statement and believe we meet the standards it sets out. Where we have not complied with the Statement we have provided an explanation here www.templestreet.ie/statementofguidingprinciples. The Children’s Fund for Health Limited’s report on our fundraising activities is available in our most recent Annual Report which can be found here www.templestreet.ie/statementofguidingprinciples.
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The Children's Fund for Health Limited Annual Report
We welcome your feedback on our performance via any of the contact points provided www.templestreet.ie/contact-us. See our Feedback and Complaints Procedure here www.templestreet.ie/statementofguidingprinciples. Write to: The Chief Executive Officer Fundraising Office Temple Street Children’s University Hospital Temple Street Dublin 1 Telephone 01 878 4344 Email info@templestreet.ie Web www.templestreet.ie We are open 5 days a week from 9am to 5pm, and closed between 1pm and 1.30pm each day.
The Children's Fund for Health Limited Directors and Other Information
Directors Mr. Justice Peter Kelly (Chairman) Ms. S Brady Mr. D Spring Ms. A Ryan Mr. C McAlinden Mr. D McCann Mr. M Monaghan Mr. C Quinn (Resigned 14 January 2010) Secretary
Ms. A Neill
Registered Number 328920 Registered Office
50 Fitzwilliam Square Dublin 2
Solicitors
Arthur Cox & Company Solicitors Earlsfort Centre Earlsfort Terrace Dublin 2
Bankers Allied Irish Bank Anglo Irish Bank Corporation Plc 62 St. Brigid's Road Stephen Court Dublin 5 18/21 St. Stephen's Green Dublin 2 Bank of Ireland Ulster Bank Ballsbridge 81/82 Dorest Street Dublin 4 Dublin 1
Auditors Deloitte & Touche Chartered Accountants Deloitte & Touche House Earlsfort Terrace Dublin 2
Contact Information
The Fundraising Office Temple Street Children’s University Hospital Temple Street Dublin 1
Charity Number CHY13534
The Children's Fund for Health Limited Annual Report
27
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The Children's Fund for Health Limited Annual Report
The Fundraising Office Temple Street Children’s University Hospital
Telephone Fax
+353 (1) 878 4344 +353 (1) 878 4655
Temple Street Email info@templestreet.ie Dublin 1 Website www.templestreet.ie