T H E C H I L D R E N ’ S F U N D F O R H E A LT H
Children’s Fund For Health
Annual Report & Accounts 2013
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
We’re making it
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T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
our Vision & Mission
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Chairman’s statement
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CEO’s review
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making it possible how you helped us in 2013 grace’s story our incredible fundraisers where your money goes
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ward and hospital redevelopment
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vital equipment
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today’s research, tomorrow’s treatment
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supporting patients and their families
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accounts 26 DIRECTORS AND OTHER INFORMATION 28 INCOME AND EXPENDITURE ACCOUNT 29 BALANCE SHEET 30 CASH FLOW STATEMENT 30 NOTES TO THE FINANCIAL STATEMENTS 31 - 34
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
Mission Statement To make a real difference to the children and parents in Temple Street Children’s University Hospital by funding the re-development of hospital facilities, purchasing vital life-saving equipment, financing research and by creating a caring environment.
Vision Statement To raise funds to enable Temple Street Children’s University Hospital to continue to provide world class medical care to babies and children from all over Ireland in a family focused environment.
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
Chairman’s Statement David McCann
Reflecting on last year I am incredibly inspired by the amount we have achieved for sick children. It is only with the help of our wonderful supporters that we are able to buy state of the art equipment, fund research and put life back into tired old wards.
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The Children’s Fund for Health is committed to doing everything it can for sick children. The patients and their families deserve that, and the partners we work with and those who support us expect nothing less. In this report you will be able to see just how much we have achieved this year and, how we achieved it. It presents key financial information, but more importantly it highlights how the funds were spent to improve patient care. I am so proud to tell you that our ability to support the hospital was strengthened by an increased amount of charitable income this year. During 2013, our income grew by 15% to €5.5 million, all of which was generated through fundraising activities. Over €3.8million was spent improving hospital wards and purchasing pieces of vital life-saving equipment to ensure that Temple Street stays at the forefront of paediatric medicine. Highlights of the year include: - The redevelopment of St. Joseph’s Top Flat at a cost of €2million, with more than €1.65million coming from charitable donations. Each year more than 1,900 children are admitted to this ward making it a very busy environment. Before the renovation it had not seen any improvements since the 1930’s.
- Over €650,000 was spent on purchasing vital life-saving equipment including dialysis machines, incubators and ventilators. - We saw a record number of people join our ‘Miracle Club’, pledging to give a monthly donation to Temple Street. This saw our income from monthly donors rise by 110%. - Our income from Corporate Partnerships grew by 43%. We also secured a number of new high-value partnerships. The Children’s Fund for Health staff and the fundraising Board are excited for the year ahead. We are focused on a number of critical re-development projects and we will continue to fund urgent equipment purchases, with research remaining a key priority. I would like to take this opportunity to thank Denise Fitzgerald and her team for everything they have done in the past year. They work so hard every day to make a difference to sick children. I would like to thank the Board who give of their time and expertise freely in support of that work. And I would like to thank each and every person who has given their time, money, skills and energy to help Temple Street.
David McCann Chairman of the Board
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
Chief Executive Review Denise Fitzgerald
Welcome to our annual report for 2013. I am delighted to be able to share with you our achievements over the past year thanks to all the great work being carried out by the foundation, our supporters and the hospital.
As I look back on a very busy 2013 I can’t help but smile when I think of all the children and families we have been able to care for thanks to the support of our amazing donors, fundraisers, ambassadors and network of volunteers. We started the year with ambitious plans and we were blown away by the sheer volume of people who came to our rescue, allowing us to realise our goals. Our main aim for 2013 was to redevelop one of our oldest and busiest wards, St. Joseph’s Top Flat. That dream became a reality by year end when a bright and spacious environment was unveiled to patients and staff just in time for Christmas. I can’t tell you what it means to families, especially those in our care long term, to finally have a comfortable and safe environment for their child. It really is priceless. It was another great year for campaigns and events with thousands of people signing up to make a difference. We had a record number of Great Irish Bakers hosting cake sales all around the country on April 19th with an increase in net income of more than €160,000. More than 17,000 people sold raffle tickets and another 1,500 took on a challenge – and all in the name of sick children. Our Trick or Treat campaign received a welcome uplift thanks to Miwadi’s support which allowed us to grow the campaign and increase net funds by a staggering 50%. But it is only with the support and dedication of hundreds of committed volunteers around the country that we are able to
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run nationwide campaigns and events. Their input and expertise year on year allows us to raise a phenomenal amount of money. There are so many amazing individuals, businesses, schools and community groups who deserve a mention but there are simply too many to do them justice. So if you are one of them – thank you so much, the hospital is what it is today because of the funds you have raised. I would also like to extend a heartfelt thanks to all the parents who allowed us to share their powerful stories. It is only through raising awareness that we can champion change and make Temple Street a better place. Finally, I would like to thank the hospital management and staff, whose passion and commitment to improve the lives of sick children is remarkable. Their care and unwavering dedication inspires us every day and it pushes both the fundraising team and our Board to continue to raise the bar every year, focused and determined to ensure we are the best at what we do. Our patients deserve nothing less.
Denise Fitzgerald Chief Executive, Temple Street Fundraising
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Thank you!
T H E C H I L D R E N ’ S F U N D F O R H E A LT H
Because of you in 2013 we raised…
€5.5 million
A 15% increase on last year!
Highlights…
€1.65 million raised to re-build one of our busiest wards Over
17,000
304 fundraising events held by individuals and groups in communities across Ireland
people sold raffle tickets for our little heroes at Christmas!
It is thanks to donations and our amazing supporters that the hospital is able to care for thousands of sick children every year. Our team of highly qualified doctors and nurses would not be able to do their job without this support.
Patient & Parental Support Services: €337,385
€3,828,770 invested
clocked up miracle miles for our patients
Run, jog or walk!
More people than ever held bake sales nationwide as part of ‘The Great Irish Bake’ for Temple Street
19,227 followers
where your money went…
making it possible
1,500 people
Ward Redevelopment: €2,086,004 Research: €740,471 Vital Equipment Fund: €664,910
“Alex was admitted to Temple Street at 3 weeks old and spent 4 days in ICU and 3 months in St Michaels B. We will never forget all that Temple Street has done for us and we will be eternally grateful.” Amanda, Alex’s mum
3,239 followers “If anything tonight’s #LateLateShow has made me even prouder I’ve played a very small part fundraising for @Temple_Street. It’s so important!” Aoife Kent
T H E C H I L D R E N ’ S F U N D F O R H E A LT H
How you helped us in 2013 €513,698 General Donations Donations from individual members of the public are pivotal to our work.
€1,365,649
€546,061 community fundraising
corporate partnership income Corporate donations, including staff fundraising and sponsorship accounted for one quarter of our income.
Dedicated volunteers who run events for Temple Street in their local community are the backbone of our organisation. They help raise vital funds and they’re ambassadors for our hospital.
9% 25%
10%
€5,514,006
4% 3%
total raised
€2,670,968
49%
fundraising events & campaigns Thousands of people got involved in our campaigns and events this year proving that fundraising is fun. But best of all our supporters experienced the great feeling of helping sick children.
regular giving
€185,751 other We are delighted to receive further income through other sources such as bank interest, which helps us do our work.
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€231,879 Our monthly donors help make miracles happen. We rely on this income every month and it allows us to plan for the future.
Thank you to each and every person throughout Ireland and abroad who volunteered and donated in 2013. With your help we were able to support, care and campaign for sick children.
T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
Grace’s story A letter from one our grateful parents, Susan O’Flynn, reinforces our determination to continue to fundraise for Temple Street. Baby Grace Grace O’Flynn was diagnosed with a malignant brain tumour in early September. She was only 14-months-old. The tumour was the size of a small orange at the base of her brain and its presence caused a dangerous buildup of fluid that needed to be removed quickly. Grace and her family left Cork by ambulance under Garda escort and arrived in Temple Street a little over 2 hours later. Grace had an external drain placed into her brain that evening to relieve the pressure and the first of her surgeries to remove the tumour took place the next day. The initial surgery proved to be very challenging and Grace lost a lot of blood. But the surgeons very successfully managed to remove over 90% of the tumour. Over the next four weeks she would have a permanent drain fitted internally and further surgery to remove the remaining growths. However this was just the start of her journey, a journey her family never dreamed they would be on.
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“My husband Séamus and I heard and read such stories many times. We would close our eyes and thank the heavens it was not any of our children. Then we would get back to the day in hand preparing for work, cooking dinner, picking up the kids - and then Grace got sick and our worlds changed. Not just Séamus and my world but our boys’ worlds also. Grace was in each of our hearts from the start but from the time we arrived in Temple Street Séamus and I knew we were part of a team dedicated to saving our little girl’s life. Neurosurgeons worked their magic to ease Grace’s intense pain and to get the tumour out. The Theatre nurses made sure the surgeries ran smoothly and the ICU staff watched Grace’s every move post op to ensure she was always stable and comfortable. The hospital porters moved her around so respectfully knowing when to talk and when space was needed. Social workers and hospital chaplains, sat with us while we cried, held our hands and shared our joy on the good days. The nurses on St. Gabriel’s ward treated Grace with such a depth of feeling and love through everything that was happening. Every day that passed, each and every member of staff put their hands to our backs and kept Séamus and I strong.
My husband Séamus and I have learned so much these past few weeks. We have learned that Grace is a fighter. She is strong and resilient but yet so small and vulnerable. We have learned that cancer in any shape or form is the scariest word you can be introduced to. We have learned that brain tumours hurt. So too do the surgeries to get them out. We have learned it is not always easy to stay positive and these are the times when you reach out for the hands being offered. We have learned it’s ok to cry and it’s ok to ask for help. We have learned that Temple Street Children’s Hospital is a place filled with happiness and sadness but also immense expertise, passion and respect. We have learned that Temple Street has given Grace the best chance at survival and beating her cancer. And we have learned the hospital relies on the kindness and generosity of the general public.
“…But mostly thank you to all of you who continue to donate and fundraise. Without you and the difference your contributions make Grace would not have survived this far.”
Thank you to all of you who get up every morning with the simple wish of making a child well. Thank you to those who held and treated Grace as if she were your own. To those of you who helped relieve her pain, wrapped her blankie around her, who put a little sugar on her soother, and who rubbed her little feet and kissed her face. To the arms that hugged us when we cried, who went down the dark hole with us and pulled us to a lighter place and who stood like a guard of honour around us.”
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
Our Incredible Fundraisers In 2013, with the help of family and friends, Aoife and Edward Casey raised over €25,000 in memory of their daughter Kathryn who sadly passed away. The funds were used to purchase a patient monitor for the theatre recovery room. With the help of this equipment Temple Street will continue to care for babies and children for years to come.
In 2013 the annual Equinox Cycle raised an incredible €11,285 for Temple Street. Over 50 cyclists took part in this charity cycle which is sponsored by several companies. The Equinox crew cycled 230km from Howth Harbour in Dublin to the beautiful port town of Kinvara, Galway.
Where your money goes 17%
9%
2013: €3,828,770 invested Rian Lowry is only 8 years old but he is determined to help sick kids. In 2013, Rian and his family decided to host what was meant to be a play date for some of his school friends but it quickly snowballed. Rian’s family, friends and neighbours rallied and got behind the fundraiser. A total of €2,000 was raised helping to purchase two Respiratory Monitors.
John Kilfeather realised his New York Marathon dream in 2013: “I couldn’t believe it, this was it. I was running up the Verrazano Bridge. I reflected on the months I spent training, weekends fundraising and the special children I was running for. Before I knew it I was in floods of tears.” John raised over €5,500 for Temple Street.
19%
In 2013 we spent €3.8million redeveloping wards, purchasing vital life-saving equipment, developing services and investing in ground breaking research.
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55%
Ward & Hospital Redevelopment: €2,086,004 Research: €740,471 Equipment: €664,910 Patient & Parental Support Services: €337,385
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
Ward And Hospital Redevelopment Year after year transformations have been made possible thanks to fundraised money. Since the foundation was established in 2000, we have used donations to update facilities in the hospital making cramped and outdated wards a thing of the past. This year, thanks to our amazing supporters, we were able to completely upgrade St. Joseph’s Top Flat. The upgrade cost €2 million, with almost €1.65 million coming from charitable donations. What an achievement!
Top Flat is unveiled! Every single donation and every fundraising event makes life better for sick children and their families in Temple Street. Thanks to our amazing supporters we were able to completely upgrade St. Joseph’s Top Flat. Top Flat is one of the busiest wards in the hospital with over 1,900 children admitted every year. Before the renovation, it hadn’t seen any major improvements since the 1930’s. The generosity of our donors has transformed this ward into a new world class facility.
Key Features - Four world class isolation suites “These rooms are essential for children with weak immune systems or those vulnerable to infection, such as Cystic Fibrosis patients.” - A satellite classroom for children who are missing out on school - A specialist treatment room - A consultation room to discuss a child’s prognosis in private - A bathroom in every unit - A Patient Entertainment System at each bedside
Donations made all of this possible. Before the renovation (above) Top Flat hadn’t seen any major improvements since the 1930’s
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
Ventilator Ventilators help critically ill children breath. They are a vital piece of equipment in our Intensive Care Unit, allowing doctors and nurses to monitor a child’s progress and adapt oxygen flow at a moment’s notice.
€45,000
“Gazing at the ventilator sustaining little Jake, I noticed a small subtle plaque. The plaque was an acknowledgement of the fact that the equipment was donated. Looking around the room it quickly became apparent much of the other equipment was bought by fundraising. We owe them everything.” Ciaran, Jake’s dad
Incubator High tech Omnibed incubators are all-in-one life support machines. They are used to keep premature babies and critically ill infants alive. “Without a doubt Ella would not have made it without the incubators and the medical expertise of the surgeons and staff who attended her. Without these machines, that people all over the country fundraise for, we would have been lost.” Paul, Ella’s dad €50,000
Vital Equipment When a child’s life hangs in the balance, equipment matters. Temple Street has some of the best doctors and nurses in the world but without specialist equipment it’s simply not enough. Technology allows the hospital to stay at the forefront of paediatric medicine. In 2013, €664,910 was spent purchasing vital life-saving equipment such as ventilators, dialysis machines and incubators.
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Kidney Dialysis Machine Dialysis is a medical process that is used when a child’s kidneys are damaged and can no longer filter toxins from the blood. As Temple Street is the National Centre for Renal Dialysis, the hospital treats children from all over Ireland. For children with kidney problems, dialysis machines are a lifeline. “Aimee Louise is desperate for a new kidney, but she copes much better with it than we do. She just gets on with it. She is such a little trooper.” Michelle, Aimee Louise’s mum €35,000
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
Today’s Research, Tomorrow’s Treatment Advancing pioneering research to find new treatments and cures for rare and complex illnesses treated at Temple Street is one of the hospital’s main objectives. In 2013 the foundation allocated €730,000 to honour this commitment.
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
The hospital has three thematic areas of research and we actively fund research projects under each of these headings. Below are examples of some of the important research which we funded in 2013:
Child Health Dr Adrienne Foran along with PhD student Dr Michael Boyle have been assessing differences in specialised MRI scans of babies who did not grow well in the mother’s womb. They continue to follow up with these babies to see how they develop and to work out whether the differences seen on the MRI brain scans can help to predict those babies who are most at risk of challenges (such as difficulties with attention and concentration) in later life. Rare Disorders Prof Mary King and Dr Nicholas Allen along with Dr Judith Conroy and Dr Sean Ennis (UCD) used
a genetic research test performed on each child’s blood test, known as Whole Exome Sequencing, to study the genetic causes for early onset epileptic encephalopathies, a devastating group of childhood disorders which often go unexplained. They determined the cause in approximately 15-20% of previously investigated children reporting that this new genetic technique is a very useful diagnostic tool. Specialist Surgery In a project that was co-funded with the National Children’s Research Centre in Crumlin, Dr Danielle McLaughlin used a special model to discover a strong link between highly important BMP signalling genes and malformations of the oesophagus (or food pipe). This may have important implications for a condition called oesophageal atresia/tracheo-oesophageal fistula, where the oesophagus does not form properly and which affects 1 in 3000 children born each year.
We also funded five new projects in 2013: Prof Triona Sweeney: Therapist Supervised Articulation Intervention Programme for children with repaired cleft palate. Dr Patrick Gavin: Analysis of the anti-viral IFN-α JAK/STAT pathway in Hepatitis C (HCV) infected children. Mr Dylan Murray: Understanding the mechanisms underpinning the influence of age and craniosynostosis on the regenerative capacity of cells & tissues. Mr John Gillick: Structural and molecular basis of Persistent Bowel Symptoms after a pull-through operation for Hirschsprung’s disease, co-funded with the National Children’s Research Centre, Crumlin.
“It’s simple really. We all want our children to live long and healthy lives. We need research to look for ways to prevent them from getting ill and to ensure that they receive the best possible treatment for their condition if they are sick.” Gayle Kenny, Research Manager
Dr Sally Ann Lynch: Identification of the genetic causes of developmental delay with mitochondrial dysfunction in the Irish Traveller population.
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
Supporting Patients and their Families The foundation funds welfare programmes that support our patients, parents and siblings. In 2013 we committed €337,385 towards these projects. We believe in caring not only for the child but for the whole family. This care comes in many forms, from counselling to the provision of accommodation for parents. Patient and family support is also provided through services such as Pet Therapy, Sibling Camps and Bereavement services.
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
Pet Therapy A very special furry group of volunteers have been touching the lives of our patients for over 3 years. These dogs and their owners are a part of the Pet Therapy Program at Temple Street which started in 2010. The therapy dogs come to the hospital every week and assist our play specialists with physical therapy, pain management and easing anxiety, amongst many other things. Ultimately, this group of unique volunteers, bring smiles and joy to patients and their families.
€5,000
Sibling camps
€4,000
When a child is sick the entire family unit is affected. Very often siblings of seriously ill children can feel confused, scared and a little left out. Sibling Camps give these children access to the doctors and nurses in Temple Street. During this time they can have a tour of the hospital and learn more about the people, equipment and the place that is caring for their brother or sister. It is an opportunity for them to ask questions about their sibling’s illness, and express their feelings in a safe environment.
Bereavement Counselling This year €13,000 went towards the running of Temple Street’s bereavement service, which offers support to parents and families grieving the loss of a child. This consists of one to one counselling with individual family members and also group sessions.
€13,000
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T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
accounts
The Children’s Fund for Health (A company limited by guarantee and not having a share capital)
Reports and Financial Statements for the year ended 31 December 2013
CONTENTS
DIRECTORS AND OTHER INFORMATION
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INCOME AND EXPENDITURE ACCOUNT
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BALANCE SHEET
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CASH FLOW STATEMENT
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NOTES TO THE FINANCIAL STATEMENTS
31 - 34
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
DIRECTORS AND OTHER INFORMATION
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2013
DIRECTORS Mr. D. McCann (Chairman) Mr. D. Spring Mr. C. McAlinden Mr. M. Monaghan Ms. S. Brady Ms. A. Ryan Ms. E. Finnan Mr. V. Sheridan Mr. T. O’Rourke (Appointed 15 April 2013)
INCOME
SECRETARY Ms. A. Neill
SURPLUS FROM DONATIONS AND FUNDRAISING EVENTS
REGISTERED OFFICE 50 Fitzwilliam Square Dublin 2
Interest receivable and similar income
REGISTERED NUMBER
328920
SOLICITORS Arthur Cox & Company Solicitors Earlsfort Centre Earlsfort Terrace Dublin 2
Notes
Donations and fundraising events Fundraising event costs
TOTAL NET INCOME Administration expenses SURPLUS PRIOR TO DISBURSEMENTS
2
Disbursements to causes DEFICIT FOR THE YEAR
9
2013
2012
€
€
5,333,328
4,498,344
(1,737,555)
(1,350,358)
3,595,773
3,147,986
185,757
184,665
3,781,530
3,332,651
(609,054)
(563,924)
3,172,476
2,768,727
(3,828,770)
(3,499,077)
(656,294)
(730,350)
BANKERS Allied Irish Banks plc 62 St. Brigid’s Road Dublin 5 Bank of Ireland Ballsbridge Dublin 4 AUDITORS Deloitte & Touche Chartered Accountants and Statutory Audit Firm Deloitte & Touche House Earlsfort Terrace Dublin 2 BUSINESS ADDRESS Fundraising Office Temple Street Children’s University Hospital Temple Street Dublin 1
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2013
FOR THE YEAR ENDED 31 DECEMBER 2013
Notes
2013 €
2012 €
FIXED ASSETS 5
821,855
840,647
6
126,768
22,059
8,421,174
9,477,628
8,547,942
9,499,687
(687,122)
(1,001,365)
NET CURRENT ASSETS
7,860,820
8,498,322
NET ASSETS
8,682,675
9,338,969
Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS: (Amounts falling due within one year)
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1.
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.
9
8,682,675
9,338,969
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2013
3.
Notes
NET CASH INFLOW FROM OPERATING ACTIVITIES
10
2013 € 2,592,623
2012 € 3,066,027
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE Interest received
185,757
184,665
(6,064)
(23,666)
CAPITAL EXPENDITURE AND DISBURSEMENTS TO CAUSES Payments to acquire tangible fixed assets Disbursements to causes DECREASE IN CASH AND BANK BALANCES
11
(3,828,770)
(3,499,077)
(3,834,834)
(3,522,743)
(1,056,454)
(272,051)
SURPLUS PRIOR TO DISBURSEMENTS The surplus prior to disbursements for the year is stated after charging/(crediting): Directors’ remuneration Auditors’ remuneration Depreciation of tangible assets Interest receivable Auditors’ remuneration disclosure: Audit Tax advisory Other assurance Other non audit services
REPRESENTED BY: Income and Expenditure Account
COMPANY STATUS
2013 €
2012 €
8,000 24,856 (185,757)
8,000 22,876 (184,665)
8,000 -
8,000 -
2013 3 9 12
2012 3 8 11
€
€
504,191 57,252 8,367
448,691 49,010 8,367
569,810
506,068
2013 1
2012 1
EMPLOYEES AND REMUNERATION The average number of persons employed by the company during the year was 12 (2012: 11) and is analysed into the following categories:Management Administration
The staff costs amounted to:Wages and salaries Social Welfare costs Pension costs
Employee remuneration exceeding 70,000: > €70,001
The total emolument paid to the Chief Executive, excluding pension was €104,000.
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
FOR THE YEAR ENDED 31 DECEMBER 2013
4. TAXATION
8. PENSION COMMITMENTS
No corporation tax liability arises for the year as the company is exempt from taxation due to its charitable status.
The company makes contributions to elected pension plans for certain employees and administers contributions for employees to a PRSA. The company made contributions of €8,367 during the year (2012: €8,367). The amount outstanding at the year end amounted to €Nil (2012: € Nil).
5.
TANGIBLE ASSETS
Buildings €
Equipment €
Total €
Cost: At 1 January 2013 Additions
905,364 -
43,300 6,064
948,664 6,064
At 31 December 2013
905,364
49,364
954,728
90,381 18,108
17,636 6,748
108,017 24,856
At 31 December 2013
108,489
24,384
132,873
Net book value: At 31 December 2013
796,875
24,980
821,855
At 31 December 2012
814,983
25,664
840,647
2013 €
2012 €
116,261 10,507
12,684 9,375
126,768
22,059
2013 €
2012 €
201,363 485,759
55,154 946,211
687,122
1,001,365
Depreciation: At 1 January 2013 Charge for year
6.
DEBTORS: (Amounts falling due within one year)
Other debtors Prepayments
7.
CREDITORS: (Amounts falling due within one year) Deferred income Accruals and other creditors
9.
INCOME AND EXPENDITURE ACCOUNT
Opening balance 1 January 2013 Surplus/(deficit) for the year Closing balance 31 December 2013
Restricted Funds € 1,107,458 133,847
Designated Funds € 7,295,480 (2,642,672)
General Funds
Total
€ 936,031 1,852,531
€ 9,338,969 (656,294)
1,241,305
4,652,808
2,788,562
8,682,675
The organisation has projects and commitments approved by the fundraising board totalling €4.6m on behalf of the Children’s University Hospital, Temple Street, Dublin 1 as at 31 December 2013. Other projects and commitments being brought to the board seeking approval subsequent to year end amount to €7.9m.
10.
RECONCILIATION OF EXCESS OF INCOME OVER EXPENDITURE TO CASH INFLOW FROM OPERATING ACTIVITIES Surplus prior to disbursements Depreciation Adjustment for interest received and similar income (Increase)/decrease in debtors (Decrease)/increase in creditors
2013 €
2012 €
3,172,476 24,856 (185,757) (104,709) (314,243)
2,768,727 22,876 (184,665) 35,515 423,574
2,592,623
3,066,027
Included in accruals and other creditors is an amount of €389 (2012: €416,269) due to The Children’s University Hospital, Temple Street, Dublin 1, which was paid subsequent to the balance sheet date.
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T H E C H I L D R E N ’ S F U N D F O R H E A LT H
T E M P L E S T R E E T C H I L D R E N ’ S U N I V E R S I T Y H O S P I TA L
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2013
11.
ANALYSIS OF NET FUNDS
Cash
1/1/2013 €
Cash outflow €
31/12/2013 €
9,477,628
(1,056,454)
8,421,174
€ Restricted funds Designated funds General funds
1,241,305 4,652,808 2,527,061 8,421,174
Total commitments €7.9m (see Note 9).
12. RELATED PARTY TRANSACTIONS The Children’s Fund for Health (CFFH), which is based at Temple Street, is Temple Street Children’s University Hospital’s (CUH) dedicated fundraising arm. The hospital is the beneficiary of all its fundraising activities. Each year clinical, nursing, support services and research teams in CUH apply to the CFFH for funding for a wide range of projects from equipment purchases and redevelopment of wards to support services for patients and their families. These projects allow the hospital to advance the treatment and service provided for the children in its care. CFFH is governed by a Board of Directors, chaired by David McCann. Ms. S. Brady is a nonexecutive director for both CUH and CFFH. During the year, CFFH disbursed €3,828k of which €740k related to research and €3,088k was in respect of redevelopment projects, equipment purchases and support services. As at 31st December, 2013 the company owed €389 (2012: €416,629) to CUH. This was paid subsequent to the balance sheet date.
“we are so grateful to every individual, family, school & company that has supported us so generously over the past year” Denise Fitzgerald, CEO
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The Fundraising Office, Temple Street Children’s University Hospital, Temple Street, Dublin 1.
tel: 01 878 4344 email: info@templestreet.ie templestreet.ie CHY 13534