Annual report 2010 by Temple Street

2010

annual report

The Childrenâ&#x20AC;&#x2122;s Fund for Health Limited

Contents Our Vision and Mission

Chairman’s Forward

CEO’s Address

Temple Street at a glance

A History of Fundraising at Temple Street

How Our Funds Made a Difference to Temple Street in 2010

How We Achieve Our Fundraising Goals

Fundraising Achievements

Income and Expenditure

Balance Sheet

Cash Flow Statement

Notes to the Financial Statements

Statement of Guiding Principles for Fundraising

Board of Directors

Directors and Other Information

2010

annual report The Children’s Fund for Health Limited

Our Vision

Our Mission

To raise funds to enable Temple Street

To assist the hospital in consolidating

Children’s Hospital to continue to

its position at the forefront of paediatric

provide world class medical care to

medicine through the refurbishment

babies and children from all over Ireland.

of hospital facilities, the development

Temple Street is a Centre of Excellence

of new services, the funding of vital,

in paediatric treatment, training and

life-saving equipment, research and the

research and we will continue to strive

provision of funds for support services

to ensure that every child that attends

for the parents and families of the sick

the hospital will receive the very best

children in our care.

standard of care available.

‘Robert was born a perfectly healthy boy, but was just so unfortunate to get sick and suffer the difficulties he has. Put simply, the only reason Robert is alive is because of this hospital, the surgeons, doctors , nurses – they saved his life two or three times. So much of the equipment, machines and a lot of what would have saved Robert’s life came from charitable donations, fundraising and people’s generosity. We’re very thankful for his little life.’

Nicholas and Denise Montgomery Parents of Robert, six month old Neurosurgery patient.

CHAIRMAN’S FORWARD

I would like to welcome you to the 2010 Annual Report of The Children’s Fund for Health Limited which highlights the achievements of the Fundraising Office and how it has transformed the lives of Ireland’s sick and injured children. Temple Street Children’s University Hospital continues to provide worldclass medical care to babies and children from all over Ireland – and maintains its position as one of Europe’s busiest paediatric hospitals. Thanks to the unwavering generosity and support of our volunteers, donors, fundraisers and staff, the Fundraising Office has continued to support the work of the Hospital as much as possible. Our primary fundraising focus in 2010 was to raise over €2 million to purchase essential equipment to conduct complex neurosurgery after the Hospital assumed responsibility for paediatric neurosurgery for all children under the age of six. Furthermore, we supported an increased research focus within the Hospital and contributed over €1.3 million research projects, including the establishment of a dedicated Research Unit. While the Hospital cares for over 130,000 children each year, raising awareness about the Hospital and its need for community support continues to be a challenge. We are deeply grateful to all our supporters – our corporate partners and sponsors, our dedicated fundraisers and donors,

06 The Children’s Fund for Health Limited Annual Report 2010

and our wonderful volunteers – who have made our support of the Hospital possible. Without this commitment and dedication, we would not be able to support the Hospital in this way. On my own behalf and on behalf of my fellow Board members, I wish to sincerely thank you all. Finally, we are very fortunate to have the opportunity to make a difference to the lives of Ireland’s sick children and are very proud to play even a small part in supporting the amazing work of the Temple Street Children’s University Hospital and its staff – a true leader in paediatric healthcare.

“Thanks to the unwavering kindness, generosity and support of our donors, fundraisers and corporate partners, The Children’s Fund for Health Ltd can Mr. Justice Peter Kelly Chairman of the Board

continue to support Temple Street Children’s University Hospital to deliver world-class medical care to children from all over Ireland.”

The Children’s Fund for Health Limited Annual Report 2010 07

CEO’S ADDRESS

2010 was an active year for Temple Street Children’s University Hospital and The Children’s Fund for Health. While the economic climate has made fundraising particularly challenging, we have endeavoured to adapt to these circumstances to ensure we continue to provide Temple Street with much-needed funds to continue to deliver superior healthcare to Ireland’s sick and injured children. With the Hospital caring for over 130,000 children each year, it is a constant struggle to ensure that the Hospital can continue to deliver the highest possible standard of care to the country’s most precious resource – its children. This is where the Fundraising Office’s role is critical and the need to raise more money is ever present.

World-class equipment and facilities Our primary focus in 2010 was providing the services, equipment, facilities and assistance needed for our Neurosurgery Appeal. With Temple Street assuming responsibility for carrying out all Neurosurgery on children up to the age of six in Ireland in 2009, the Appeal was launched to raise the funds needed to purchase neurosurgery equipment for use in our theatres and wards. We achieved our fundraising target of almost €2,000,000, which enabled us to fund a dedicated paediatric Neurosurgery environment with world-class facilities and equipment. The support we received for this Appeal was second to none and was a true testament to the community support out there for Temple Street. Throughout 2010 we purchased over €500,000 worth of life-saving equipment such as ultrasound scanners, incubators, theatre monitors and essential microbiology equipment. We also strengthened our commitment to research in the Hospital and provided funding to support the establishment of a Research Unit, culminating in the appointment of a Head

08 The Children’s Fund for Health Limited Annual Report 2010

of Research in December 2010. A further contribution of over €500,000 was made to research projects and we envisage that this will continue to increase over the coming years as the Research Unit develops.

Partners in success Thinking outside the box, we managed to establish mutually beneficial partnerships with Citi, Topaz and IKEA as part of their Charity of the Year programs in 2010. Securing new corporate sponsorships and partnerships and developing existing relationships remained a vital function of the Fundraising Office throughout 2010. In addition to our Charity of the Year partners, we were thrilled to enter corporate fundraising partnerships with KN Networks, InjuriesBoard.ie and The Eureko Foundation.

With a little help from our friends Yet again, our wide network of supporters flew the Temple Street flag in 2010 with an extraordinary number of external fundraising events organised throughout the country all in aid of Ireland’s sick kids. Our events calendar was jam packed in 2010 with all sorts of fundraisers every month. Events ranged from a congregation of Elvis lovers in Donegal to a scavenger hunt style 4x4 challenge across Ireland’s midlands. These events, and others, are true examples of how community spirit can come together to create something really special.

We are most appreciative for the efforts of our external fundraisers.

Looking ahead In 2011, our commitment will be to assist the Hospital in equipping itself with the most advanced medical equipment. Therefore, our core appeals are our Vital Equipment Fund and our Isolation Unit Appeal. These appeals will seek to fund the purchase of essential equipment such as a new dialysis machine, special neonatal cots, incubators, patient monitors, mobile X-ray units and other specialised medical, as well as the development of three new isolation cubicles in the Hospital for critically ill children at risk from infections or for those who have infectious diseases. So far, we have committed €10 million for major projects and the purchase of equipment. These funds will be critical in positioning the Hospital as a Centre of Medical Excellence in Ireland and on a world-wide scale. The role of fundraising continues to pose a greater challenge every year, however we are continually striving to develop new and innovative ways of fundraising. This enables the Hospital to continue to provide outstanding care to the thousands of children that come through its doors every year. The dedication of the Fundraising team is an important element in the work we do and helps to maintain the very special qualities

that Temple Street Hospital possesses. I am constantly astounded by the achievements of our talented team and their commitment to helping the lives of Ireland’s most precious children. For this, I thank them. Furthermore, none of our achievements would have been possible without the unwavering support and generosity of our volunteers, fundraisers, supporters and donors across Ireland who have kindly donated their time and energy in support of Temple Street Children’s University Hospital. Each and every one of our supporters has made a difference to the life of a sick child and that is an amazing gift to give. I’d like to thank our outgoing Chairman Peter Kelly for his dedication and support and welcome incoming chairman Mr. David McCann. Finally I’d like to thank 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 for their support. I look forward to continuing to work together with the Hospital to ensure the children of Ireland receive the highest quality of care at Temple Street.

Denise Fitzgerald Chief Executive

The Children’s Fund for Health Limited Annual Report 2010 09

TEMPLE STREET AT A GLANCE

“Temple Street is not just a Hospital. For many families we’re a home away from home and so we treat the children of Temple Street as if they were our own. Temple Street children are special and that’s why the Hospital must continue to be as extraordinary as the children that come here”

“Temple Street cared for over 130,000 children from all over Ireland in 2010 and our fundraising activities touched the lives of every single one of them in some way”

Temple Street Children’s University Hospital is an Acute Paediatric Hospital 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 almost 130,000 children every year suffering from

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

every kind of illness and injury imaginable. And, with approximately 50,000 children attending it’s Accident and Emergency Department annually – it’s one of the busiest A&E’s in Europe!

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

13,913

Services including; Physiotherapy Medical Social Work Occupational Therapy Clinical Nutrition/Dietetics Psychiatric Social Work

National Meningococcal Reference Laboratory

Neuropsychology

National Craniofacial Centre

Chaplaincy

National Centre for Paediatric Ophthalmology National Airway Management Centre

In 2010…

St. Frances’ Clinic provides services for Child and Adolescent Mental Health, Psychology and Speech and Audiology. 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 and in 2010 performed over 330 neurosurgery procedures. The delivery of care here is provided by a staff of almost 100 consultants and over 1,000 other full-time and part-time nursing, paramedical and support staff.

children were admitted to Temple Street

72,254

out-patient attendances

46,902

children attended our Emergency Department

7,241

surgical procedures were performed

Major Specialties include: Cystic Fibrosis & Respiratory Neonatal and Paediatric Surgery Nephrology Neurosurgery Orthopaedics ENT Plastic Surgery Temple Street operates the National Screening Laboratory and the National Sudden Infant Death Register is also located in the Hospital.

10 The Children’s Fund for Health Limited Annual Report 2010

The Children’s Fund for Health Limited Annual Report 2010 11

A HISTORY OF FUNDRAISING AT TEMPLE STREET

“In 2010, over €6,000,000 was raised by the Fundraising Office to enable us to continue to provide world-class medical care to the babies and children we care for here 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: CHY 13534).

The fundraising objectives established for 2010 were:

The Fundraising Office originally had an office staff of two. Today, the office has a full staff of 10 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.

• D evelopment of support services for the children in our care and their families

We are governed by a Board of Directors and liaise through our CEO with the Hospital Board and Management Team. We define our own strategic objectives taking into consideration the patient and capital needs, as well as the Hospital’s strategic plan 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.

12 The Children’s Fund for Health Limited Annual Report 2010

• T o support the Hospital by funding the most up to date treatment and equipment • T o help improve the standard of facilities in the Hospital

During 2010, over €6,000,000 was generated through fundraising activities and ultimately used to achieve these objectives.

HOW OUR FUNDS MADE A DIFFERENCE TO TEMPLE STREET IN 2010

“Our newly developed dedicated Cystic Fibrosis and Respiratory Unit, launched in 2010, is a life-changing facility for children in Ireland with Cystic Fibrosis.”

The aim of the Fundraising Office is to help sick children by making their stay in hospital less distressing for them and their families. We do this by generating funds, through a wide variety of fundraising activities for equipment, facilities, research, and support for parents and families.

In total, €500,000 was invested in medical equipment in 2010 which included ultrasound scanners, incubators, theatre monitors and essential microbiology equipment.

Funding the most up to date treatment and equipment Technology has provided miracles in the treatment and care provided to the children at Temple Street – but technology comes at a price – and often this is more than the Hospital can possibly afford. Government funding cannot provide everything that is needed - even to hospitals - so our role is crucial in getting urgently needed equipment, which saves and transforms the lives of Irish children.

The Children’s Fund for Health Limited Annual Report 2010 13

HOW OUR FUNDS MADE A DIFFERENCE TO TEMPLE STREET IN 2010

“Our Neurosurgery Appeal was launched in 2010. With the help of our many supporters, fundraisers, corporate donors, sponsors and our media partner TV3, we raised almost €2,000,000 for our Neurosurgery Appeal. This enabled us to purchase cutting-edge neurosurgical equipment to care for all neurological patients in Ireland up to the age of six.”

14 The Children’s Fund for Health Limited Annual Report 2010

Improving the standard of facilities in the Hospital

Development of support services for the children in our care and their families

Given the Hospital has been housed in its current Temple Street location for over 130 years, many of its’ buildings and wards need some tender, love and care from time to time. Such refurbishments are not only to improve the physical appearance of the Hospital, but also to improve the facilities in the wards to make each child’s stay at Temple Street as comfortable and stress-free as possible.

Being a national Hospital, families come from all over Ireland to be there for their child throughout their treatment. Therefore, the Hospital also helps to look after the parents and families of the children in their care by providing accommodation services, so they can stay with their child during their time of need. It can be a very stressful time for families and making things a little easier for them means the world.

Through our fundraising efforts, the Hospital can also introduce dedicated facilities to provide specialist care, such as the Cystic Fibrosis and Respiratory Unit launched in March 2010. The culmination of intense fundraising, this new facility has been literally lifechanging for our patients, by providing a new unit for them to be treated where the risk of cross infection from other patients is greatly minimised. The unit cost €3.2 million of which €2.5 million was raised through individual donor support and corporate partnerships. This new unit now delivers the best standard of care available to children suffering from CF in Ireland.

2010 saw a much-needed expansion of the parents and family accommodation services. Extra beds were purchased and placed in our dedicated isolation booths to provide accommodation for one parent to stay with their child, particularly for babies requiring feeding. Furthermore, with assistance from the Fundraising office the Hospital refurbished the parents’ rooms and shared kitchen in the parents and family accommodation unit, in conjunction with IKEA. This area provides a place for parents to rest and relax during what is a very difficult and stressful time.

In 2009, Temple Street Children’s University Hospital agreed to assume responsibility for all children in Ireland under the age of six who require Neurosurgery. This added responsibility had an immediate knock-on effect on our fundraising objectives as the expansion of this service was a significant undertaking and would require heavy support from the Fundraising Office.

We also recognise that sometimes it’s the small things that count, so we fund various support services, such as visits by pet therapy dogs, Millie and Max and special playroom activities like the Saturday club, which all aim to put a smile on the faces of Temple Street kids during their stay.

Throughout 2010 our Neurosurgery Appeal raised almost €2 million which went to the purchase of new advanced equipment for the Hospital’s Theatres.

The Children’s Fund for Health Limited Annual Report 2010 15

THE CHILDREN’S FUND FOR HEALTH LIMITED FUNDRAISING ACHIEVEMENTS

HOW WE ACHIEVE OUR FUNDRAISING GOALS

“Our calendar of events is jam packed full of fun and lively fundraisers every year, many of which are organised by individuals or groups out in the community who share our passion for the Temple Street cause. These fundraisers are the heart and soul of what Temple Street is all about – fostering a community spirit in aid of sick children from all over Ireland.”

Some of our Key Fundraising Achievements in 2010 are:

Lively Calendar of Events Every year our calendar of events is jam packed full of fun and lively fundraising events that all aim to raise much-needed funds for Temple Street. These events are either coordinated internally by the Fundraising Office or externally by groups or individuals wanting to contribute to our special Hospital.

Internal We strive to ensure our internal events are as varied and unique as possible to appeal to a wide network of potential supporters. We asked the Irish public to put their body to the test in physical challenges such as marathons and treks, as well as getting them to glam up for our Gala Ball. Key events in 2010 included both longstanding and new events such as - Annual Gala Ball - Lindt Easter Campaign - 98FM Care 4 Kids Radiothon - 2 Wheels Tour de Picnic -T rick or Treat for Temple Street - The Great Irish Bake - 12 Days of Christmas We are so grateful to everyone who participated in these events, sponsored challengers and helped to make them such successful and enjoyable fundraisers.

External Every month, individual and group fundraisers held events in aid of Temple Street Children’s University Hospital. We could not continue to meet our fundraising goals without the support of

16 The Children’s Fund for Health Limited Annual Report 2010

our volunteers, external fundraisers and community groups whose commitment to the Hospital is as strong as our own and whose passion for the cause is unmatched. External fundraisers are a key part of the fundraising strategy and our team works hard to support, encourage and facilitate their contribution to what we achieve each year. Striving to sustain the high public profile for Temple Street Children’s University Hospital and the Fundraising office is an important factor in maintaining the external support for our work. Our volunteers and supporters are very important to us and we cherish the positive relationships we have developed with them.

Corporate Partnership/ Support Our relationships with corporate partners/ sponsors are inextricably linked to our achievement of our fundraising objectives – the two go hand in hand and allow us to set and achieve high fundraising targets year on year. In 2010, our partnerships with Citigroup, IKEA, Topaz and Injuriesboard.ie delivered sustained, significant and predictable income for the charity and, in turn, the Fundraising Office delivered positive experiences for the staff of these companies and considerable corporate social responsibility benefits to their shareholders.

Purchase of neurosurgery operating equipment

€2,000,000

Upgrade of dedicated Paediatric MRI Scanner

€600,000

Purchase of replacement Incubators

€135,000

Funding of research projects

€1,400,000

Objectives and Strategies 2010 Our objectives and strategies fell under three categories; Fundraising, Allocation of Funds and Governance

Objective and Strategy

Status

FUNDRAISING To raise €6 million in 2010

Achieved

ALLOCATION OF FUNDS To fund; the purchase of equipment, the development of new services and the redevelopment of facilities

Achieved

GOVERNANCE Our objective was to surpass all legislative and ethical requirements regarding fundraising initiatives through following best practice guidelines and procedures as per the Charities Act 2009.

Achieved on all key areas. Work is ongoing to ensure that this standard is maintained.

Governance • The Children’s Fund for Health Limited Board • The Charities Act 2009 • Guiding Principles for Fundraising developed by the Irish Charities Tax Reform Group

The Children’s Fund for Health Limited Annual Report 2010 17

“We are greatly indebited to our committed and generous supporters - our corporate partners and sponsors, our dedicated fundraisers and donors, and our wonderful volunteers – without whom, we wouldn’t be able to make such a big difference to the lives of Ireland’s sick children.”

18 The Children’s Fund for Health Limited Annual Report 2010

The Children’s Fund for Health Limited Annual Report 2010 19

THE CHILDREN’S FUND FOR HEALTH LIMITED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st DECEMBER 2010

Notes

THE CHILDREN’S FUND FOR HEALTH LIMITED BALANCE SHEET AS AT 31st DECEMBER 2010

2010

2009

€

Income

Notes

2010

2009

€

860,148

880,548

65,898

192,878

Cash at bank and in hand

10,605,341

9,537,925

10,671,239

9,730,803

Creditors: (Amounts falling due within one year)

(1,159,269)

(1,732,581)

NET CURRENT ASSETS

9,511,970

7,998,222

NET ASSETS

10,372,118

8,878,770

10,372,118

8,878,770

Fixed Assets

Donations and fundraising events

6,094,755

4,474,568

Fundraising events costs

(1,267,373)

(938,554)

4,827,382

3,536,014

Interest receiviable and similar income

236,544

323,475

Total NET Income

5,063,926

3,859,489

Administration expenses

(516,348)

(480,340)

Surplus prior to Disbursements

4,547,578

3,379,149

(3,054,230)

(4,908,678)

1,493,348

(1,529,529)

Disbursements to causes

Tangible assets

CURRENT ASSETS

Surplus from donations and Fundraising Events

Surplus/(deficit) for the year

Debtors

REPRESENTED BY: Income and Expenditure Account

The surplus for the year from continuing operations and all gains in both the current and preceding year are included above.

20 The Children’s Fund for Health Limited Annual Report 2010

The Children’s Fund for Health Limited Annual Report 2010 21

THE CHILDREN’S FUND FOR HEALTH LIMITED CASH FLOW STATEMENT FOR YEAR ENDED 31st DECEMBER 2010

Notes

2010

2009

€

3,886,423

4,785,533

236,544

323,475

Payments to acquire tangible fixed assets

(1,321)

(13,660)

Disbursements to causes

(3,054,230)

(4,908,678)

(3,055,551)

(4,922,338)

NET CASH INFLOW

1,067,416

186,670

NET CASH INFLOW FROM OPERATING ACTIVITIES

RETURNS ON INVESTMENTS AND SERVICING OF FINANCE Interest received CAPITAL EXPENDITURE, DISBURSEMENTS TO CAUSES AND FINANCIAL INVESTMENT

FINANCING

Repayment of loan

“Each year, we raise funds to purchase

INCREASE/(DECREASE) IN CASH IN THE YEAR

1,067,416

(187,577) (907)

vital life-saving equipment and fund support services, refurbishments and research projects. In 2010, we purchased €500,000 worth of medical equipment, contributed over €500,000 to research projects and committed

€4million to future projects.

22 The Children’s Fund for Health Limited Annual Report 2010

The Children’s Fund for Health Limited Annual Report 2010 23

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2010

1 COMPANY STATUS

5 TANGIBLE ASSETS

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

2010

2009

€

The surplus prior to disbursements for the year is stated after charging(crediting):

Buildings

Equipment

Total

€

16,752

922,116

1,321

905,364

18,073

923,437

At 1 January 2010

36,060

5,508

41,568

€

Cost: At 1 January 2010 Additions At 31 December 2010

905,364

Depreciation:

Directors’ remuneration

Auditors remuneration

8,000

7,865

Charge for year

18,107

3,614

21,721

Depreciation of tangible assets

21,721

21,458

At 31 December

54,167

9,122

63,289

Interest receivable

(236,544)

(323,475)

At 31 December 2010

851,197

8,951

860,148

At 31 December 2009

869,304

11,244

880,548

6 DEBTORS: (Amounts falling due within one year)

2010

2009

€

Other Debtors

54,523

167,334

Prepayments

11,375

25,544

65,898

192,878

7 CREDITORS: (Amounts falling due within one year)

2010

2009

€

Deferred income

70,512

142,771

Accruals and other creditors

1,088,757

1,589,810

1,159,269

1,732,581

Net book value:

Auditors remuneration disclosures Audit

8,000

7,865

Tax advisory

Other assurance

Other non audit services

3 EMPLOYEES AND REMUNERATION

2010

2009

The average number of persons employed by the company during the year was 9 (2009:9) and is analysed in the following categories: Management

Administration

The staff costs amounted to:

€

Wages and salaries

433,335

397,024

Social Welfare costs

47,020

42,497

Pension costs

7,843

488,198

44,326

Included in accruals and other creditors is an amount of €688,512 (2009: €1,279,729) due to The Children’s University Hospital, Temple Street, Dublin 1, which is paid subsequent to the balance sheet date.

Included in the wages and salaries for 2010 are once off maternity cover costs of €49,000.

8 PENSION COMMITMENTS 4 TAXATION No corporation tax liability arises for the year as the company is exempt from taxation due to its charitable status.

24 The Children’s Fund for Health Limited Annual Report 2010

The company makes contributions to elected pension plans for certain employees and administers contributions for employees to a PRSA. The company made contributions of €7,843 during the year (2009: €7,843). The amount outstanding at the year end amounted to €1,799 (2009: €949)

The Children’s Fund for Health Limited Annual Report 2010 25

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2010

STATEMENT OF GUIDING PRINCIPLES FOR FUNDRAISING

9 INCOME AND EXPENDITURE ACCOUNT

Restricted Funds

Designated Funds

General Funds

Total

€

Opening balance 1 January 2010

1,149,737

5,096,849

2,632,184

8,878,770

Surplus/(deficit) for the year

(179,765)

2,330,701

(657,588)

1,493,348

969,972

7,427,550

1,974,596

10,372,118

Closing balance 31 December 2010

The organisation has projects and commitments approved by the fund raising board totalling € 8.4m on behalf of the Children’s University hospital, Temple Street, Dublin 1 as at 31 December 2010. Other projects and commitments being brought to the board seeking approval subsequent to year end amount to € 4.6m

10 RECONCILIATION OF EXCESS OF INCOME OVER EXPENDITURE TO CASH INFLOW FROM OPERATING ACTIVITIES

2010 €

2009 €

Surplus prior to disbursements

4,547,578

3,379,149

Depreciation

21,721

21,458

Adjustment for interest received and similar income

(236,544)

(323,475)

Decrease in debtors

126,980

208,262

(Decrease)/increase in creditors

(573,312)

1,500,139

3,886,423

4,785,533

11 ANALYSIS OF NET FUNDS

Cash inflow

31/12/2010

€

1,067,416

10,605,341

Restricted funds

969,972

Designated funds

7,427,550

General funds

2,207,819

10,605,341

Cash

1/1/2010 € 9,537,925

Total commitments € 8.4m (see note 9)

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

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 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.

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.

26 The Children’s Fund for Health Limited Annual Report 2010

The Children’s Fund for Health Limited Annual Report 2010 27

THE CHILDREN’S FUND FOR HEALTH LTD BOARD OF DIRECTORS

DIRECTORS AND OTHER INFORMATION

Directors

Mr. Justice Peter Kelly

Mr. David McCann

Mr. Justice Peter Kelly (Chairman) retired April 2011 Mr. D McCann Ms. S Brady Mr. D Spring Ms. A Ryan Mr. C McAlinden Mr. M Monaghan Mr C. Quin - resigned January 2010

Secretary

Ms. A Neill

Registered Number

328920

Registered Office

50 Fitzwilliam Square Dublin 2

Solicitors

Bankers Ms. Siobhan Brady

Mr. Cormac McAlinden

Mr. Michael Monaghan

Judge Ann Ryan

Allied Irish Bank 62 St. Brigid’s Road Dublin 5

Anglo Irish Bank Corporation Plc Stephen Court 18/21 St. Stephen’s Green Dublin 2

Bank of Ireland Ballsbridge Dublin 4

Ulster Bank 81/82 Dorset Street Dublin 1

Rabobank International Thames Court 1 Queenhithe London

Auditors

Deloitte & Touche Chartered Accountants Deloitte & Touche House Earlsfort Terrace Dublin 2

Mr. Donal Spring

28 The Children’s Fund for Health Limited Annual Report 2010

Arthur Cox & Company Solicitors Earlsfort Centre Earlsfort Terrace Dublin 2

Contact Information

The Fundraising Office Children’s University Hospital Temple Street Dublin 1

Charity Number

CHY 13534

The Children’s Fund for Health Limited Annual Report 2010 29

Notes

30 The Children’s Fund for Health Limited Annual Report 2010

Notes

The Children’s Fund for Health Limited Annual Report 2010 31

The Fundraising Office Temple Street Childrenâ&#x20AC;&#x2122;s University Hospital Temple Street Dublin 1 Telephone Fax Email Website

+353 (1) 878 4344 +353 (1) 878 4655 info@templestreet.Ie www.templestreet.Ie