2012 Annual Report

children’s fund for health

ANNUAL REPORT & ACCOUNTS 2012

Help Us Put Children First Fundraising is part of Temple Street’s life saving team

CONTENTS PART 1 - INTRODUCTION Vision & Mission

03

Chairman’s Review

04

CEO’s Address

06

PART 2 - FUNDING About Fundraising

10

Where Your Money Goes

12

PART 3 - ACCOUNTS

An accident left Katie in need of multiple surgeries.

Income and Expenditure Account

16

Balance Sheet

17

Cashflow Statement

18

Notes to Financial Statement

19

Supplementary Information

25

Board of Directors

26

Front Cover: Ella Keeley Coffey at 1 month old. Ella spent the first 5 months of her life in Temple Street.

Temple Street Children’s University Hospital Fundraising Update 2012

vision & mission

STATEMENT

€3.3 MILLION RAISED IN 2012 WHAT YOUR DONATIONS HELPED TO FUND:

WARD REDEVELOPMENT

VITAL EQUIPMENT FUND

PARENT & PATIENT SERVICES

Vision Statement

€514,700

300

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.

FU LA ND RG RA ES IS T FACEBOOK ER FOLLOWERS

COMMUNITY FUNDRAISING EVENTS NATIONWIDE

10,913

REACHING

HIGHLIGHTS:

RESEARCH

€1 MILLION 100 MOTORCYCLISTS TAKING PART IN OUR ROUTE 66 MOTORCYCLE CHALLENGE RAISING

€250,000

Mission Statement

RAISED FOR OUR SURGICAL FLAT WARD

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.

MICHAELA, AGE 8,

GETTING THE GIFT OF A KIDNEY LAST CHRISTMAS AND COMING BACK TO SWITCH ON OUR CHRISTMAS LIGHTS IN 2012.

WHAT PEOPLE ARE SAYING ABOUT US:

MERRY CHRISTMAS TO ALL THE STAFF IN TEMPLE STREET. YOU DO AMAZING WORK. THANKS FOR TAKING GOOD CARE OF ME OVER THE PAST YEAR, LOTS LOVE OISÍN, XXX (FROM BERNIE KAVANAGH OISIN’S MUM)

DID YOU KNOW?

FOR EVERY ONE EURO INVESTED IN FUNDRAISING WE GENERATE ALMOST

WHAT DOES THE FUTURE HOLD

€4

FOR THE HOSPITAL.

€2 MILLION

WE NEED TO RAISE IN 2013 TO RE-DEVELOP “ST JOSEPH’S TOP FLAT” ONE OF THE BUSIEST WARDS IN TEMPLE STREET

TARGET FOR 2013/14 IS €5 MILLION

PART 1 - INTRODUCTION

03

chairman’s

REVIEW

Welcome to our 2012 Annual Report for the Children’s Fund for Health. As Chairman of the Board I am committed to ensuring that donations are used wisely and this year I am particularly proud of the vital facilities and equipment that we have been able to fund thanks to the generosity of our donors. Every single act, every donation and every fundraising event makes life better for sick kids and their families.

medical equipment used in the hospital has a relatively short lifecycle of 5-7 years, therefore each year we support the hospital by funding the purchase of replacement or up-graded vital equipment. The result is better care for our patients.

Another area of focus in 2012 was the funding of ground-breaking research studies. Close to €1million was allocated to projects, such as research into Muscular Dystrophy and Bronchiolitis.

Bronchiolitis, for example is one of the most common reasons why children over the age of 1year are admitted to hospital.

We strongly believe that supporting child health research is vital for the future of healthcare in Ireland.

Our primary focus in 2011/2012 was to re-furbish “Surgical Flat”, a ward which cares for children recovering from surgery.

One of the key features in this ward is the new isolation suites fitted with an air-pressurised controlled environment essential for the treatment of patients vulnerable to infection. This ward was officially opened in May and cost almost €1 million, funded entirely through donations. By re-developing outdated wards we are ensuring that the hospital can continue to provide world-class medical care to the future generations that will be cared for in Temple Street.

Our newly refurbished Surgical Flat, otherwise known as the ‘Wizard of Oz’ ward. Pictured is one of the state-of-theart isolation suites.

Finally I would like to acknowledge and convey my appreciation to the fundraising staff and volunteers for their commitment.

Our continued success is due to their dedication and remarkable contribution.

I would also like to acknowledge the support of the CEO and my fellow Board members who have given their time so generously throughout the year.

Technology allows the hospital to give our patients the best possible chance to survive and thrive. With advances in treatment it is essential that we can support the hospital by funding the purchase of leading-edge medical equipment - in 2012 alone we spent over €1.25 million. This included the purchase of a Sonosite ultrasound machine and essential patient monitors. Much of the

Cinderella from the ‘Gaiety panto’ called in to visit our princes and princesses! Pictured is a little girl called Laura who couldn’t believe her eyes.

As Chairman of the Board I am committed to ensuring that “ donations from our loyal and generous supporters are used wisely.

Every single act, every donation and every fundraising event you host or support makes life better for sick kids and their families.

”

Mr. David McCann Chairman of the Board

Chloe Aged 9 - Temple Street

PART 1 - INTRODUCTION

04

Mark O’Connell and his friends climbed Kilimanjaro in memory of his son Josh. Mark & his family raised €50,000 for the Metabolic Ward where Josh was a patient.

PART 1 - INTRODUCTION

05

a message

from the CEO In 2012 we spent €3.5million helping the hospital to deliver the very best standard of medical care whilst creating a caring environment for patients and their families.

I am very proud of our achievements and at the same time humbled by the huge level of support for Temple Street Children’s University Hospital.

The kindness and generosity of our donors across Ireland never ceases to amaze me.

Serious illness and medical emergencies don’t take time off, but neither do our supporters.

They volunteer, donate and fundraise all year round to ensure that the hospital is best placed to deliver world-class care to our little heroes.

In 2012 hundreds of people across Ireland got behind our nationwide fundraising campaigns and donated thousands of euros to help the hospital. Entire communities used their imagination and spirit to show support to families affected by childhood illness.

Our fitness enthusiasts clocked up miracle miles by running, walking, swimming and cycling! We had over 1000 women run the Flora Women’s Mini Marathon - that’s 1000 mothers, grandmothers, sisters and nieces standing together for sick kids.

Once again we have continued to benefit from the outstanding support of our corporate partners. Over the last year with the help of this growing community we were able to make a tangible and lasting difference to the lives of the children cared for in Temple Street.

Through our partners we were able to broaden

PART 1 - INTRODUCTION

the scope of our fundraising appeals resulting in an up-lift in both donations and awareness, and our partners reported a positive impact on their bottom line and employee engagement programmes.

Over the past 12 months we had a clear focus on increasing support, participation in fundraising events and donations. Our success in 2012 was achieved thanks to the essential and continued help of a great number of organisations, volunteers, Ambassadors, the Board of Directors and especially my own team. I am constantly moved by their dedication to the hospital.

Our spooktacular Trick or Treat campaign raised €90,000 for the hospital! We asked the general public to hold a Halloween party and donate their funds to Temple Street!

Looking forward to next year, we have identified a number of key pieces of equipment that will need to be replaced. Specialist equipment equipment such as ECG machines, state of the art incubators and lifesaving dialysis machines to name but a few. We will also need to refurbish one of our most important wards, St. Joseph’s, where children suffering from life-limiting illnesses such as Cystic Fibrosis are cared for and loved.

I look forward to continuing to work together with the hospital to ensure Temple Street remains a Centre for Medical Excellence that delivers superior healthcare to the children of Ireland. We are excited for 2013 and we are confident with the support of our loyal donors that it will be a great year for the hospital.

The “Make Easter Sweet for Temple Street” campaign has raised in excess of €290,000 since we partnered with Lindt in 2008. The chocolate bunny is very popular with our patients!

Christmas was hard that year, coming to terms with the shock, “the grief, the denial. These are just some of the emotions my

husband and I felt when Grace was initially diagnosed with Cystic Fibrosis. I had a sudden urge to want to make a difference.

I asked my family, my friends, friends of friends to run, walk or crawl the Women’s Mini Marathon with me.

Together we raised €25,133.40.

”

Ms. Denise Fitzgerald

Chief Executive Officer

Marie Duffy, Women’s Mini Marathoner, 2012

06

Brian O’Driscoll, Temple Street Ambassador, visits the hospital with the Heineken Cup! As you can see our patients love when he comes to visit!

PART 1 - INTRODUCTION

07

Luke Concannon, age 8.

Dialysis is part of Luke’s life.

He is part of ours.

Temple Street has over 170 world-class doctors treating 154,000 of Ireland’s sickest children every year.

PART 1 - INTRODUCTION

Butdon’t you have don’t a You to have be oneto tobe help. doctor to help.

08

PART 1 - INTRODUCTION

09

about fundraising for temple street children’s university hospital

The Children’s Fund for Health was established in 2000 to raise awareness and funds for the hospital.

Every day parents place their trust in the hands of the medics in Temple Street to make their little ones better. Every day we watch our brave little patients fight for their lives. And every day we work with the hospital to make sure they get the future they deserve.

Money raised by our generous and loyal supporters goes directly to where it is needed most, ensuring that Temple Street continues to deliver world-class medical care to our patients.

Jessica is 7 days old. 7 days in Temple Street.

The only home she knows.

PART 2 - FUNDING

10

PART 2 - FUNDING

11

WHERE YOUR MONEY

GOES

There is no better feeling than helping a sick child and through our generous and loyal donors we can ensure that our patients receive top class medical care.

Ward Redevelopment MEDICAL research Donations help fund research projects which aim to understand the underlying causes of disease and find and assess the best ways to look after our sick children. We strongly believe that supporting child health research is vital for the future of healthcare in Ireland.

Since the Children’s Fund for Health was established it has used donations to update facilities in the hospital making cramped and outdated wards a thing of the past.

The Intensive Care Unit cost €2.5million to renovate but this is the ward that looks after our sickest children and where lives are fought for on a daily basis. Michael’s B, our baby ward was renovated at a cost of €1.2million, complete with state-ofthe-art isolation suites. The babies cared for in this ward are our most vulnerable patients often coming to us when they are only hours old.

Technology allows the hospital to give our patients the best possible chance to survive and thrive but technology comes at a price, and often this is more than the hospital can possibly afford. Your donations have paid for vital life-saving equipment such as a CT scanner at a cost €1.3million and an MRI machine at a cost of €2.5million.

Parent and Patient Services No parent wants to leave their child’s beside when they’re sick which is why we funded a “Home away from Home” for parents travelling a distance to be with their sick child. It is often the case that a child can be in Temple Street for a number of months therefore this second home close to the hospital can help reunite the family in its entirety. We allocate funds to sibling camps for brothers and sisters affected by childhood illness and bereavement programmes for parents who are coping with the loss of a child.

We never forget that the patients the hospital cares for are children. This is why your donations help fund projects such as Pet Therapy which is proven to lower blood pressure, having a calming

PART 2 - FUNDING

12

Vital Life Saving Equipment

effect on a child who has gone through a traumatic time. We also have a Saturday Club where artists and musicians give our little patients a welcome relief from hospital life.

PART 2 - FUNDING

13

WHERE YOUR MONEY

GOES

In 2012 we spent €3.5 million redeveloping wards, purchasing life saving equipment, developing services for our little patients and investing in ground breaking research.

Expenditure 2012 For every €1 invested in fundraising we generate almost €4 for the hospital.

25%

Ward & Hospital Redevelopment

17%

of net funds raised go directly to help sick kids in the form of ward re-development, life-saving equipment, parent and patient services and the funding of research.

Research

5%

Ward Funds*

*In some cases parents or supporters request that their money goes toward a particular ward and therefore it is restricted.

Vital Equipment Purchase

€ €1,268,362

Research

€891,410

Ward & Hospital Redevelopment

€885,547

Patient and Parent Support Services

€273,974

Ward Funds

€179,783

Total

14 01

Vital Equipment Purchases

Patient & Parental Support Service

Expenditure

PART 2 - FUNDING

36%

8%

of net funds raised are spent on Governance and Administration.

83%

26%

PART 2 - FUNDING

15 01

€3,499,076

ACCOUNTS

2012

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2012

BALANCE SHEET AS AT 31 DECEMBER 2012

2012 2011 € €

2012 2011 € €

Income

Fixed Assets Tangible assets

840,647 839,857 22,059 57,574 9,477,628 9,749,679

Donations and fundraising events

4,498,344 4,139,172

Fundraising event costs

(1,350,358) (1,079,722)

Current Assets Debtors Cash at bank and in hand

Surpluse from donations and fundraising events

3,147,986 3,059,450

9,499,687 9,807,253

Interest receivable and similar income

184,665 196,091

Creditors (Amount falling due in one year)

(1,001,365) (577,791)

Total Net Income

3,332,651 3,255,541

Net Current Assets

8,498,322 9,229,462

Administration expenses

(563,924) (465,882)

Net Assets

9,338,969 10,069,319

Surpluse prior to disbursements

2,768,727 2,789,659

Disbursements to causes

(3,499,077) (3,092,458)

Represented by

9,338,969 10,069,319

Defecit for year

(730,350) (302,799)

PART 3 - ACCOUNTS

16

PART 3 - ACCOUNTS

17

ACCOUNTS

2012

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2012

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012 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.

2012 2011 € € Net cash inflow from operating activities

3,066,027 2,042,266

Returns on investment and servicing of finance Interest received

184,665 196,091

Capital expenditure and disbursments to causes Payments to acquire tangible fixed assets

(23,666) (1,561)

Disbursements to causes

(3,499,077) (3,092,458)

(3,522,743) (3,094,019)

Decrease in cash and bank balances

(272,051) (855,662)

PART 3 - ACCOUNTS

2012 2011 € € 2. Surplus Prior To Disbursements The surplus prior to disbursements for the year is stated after charging/(crediting):

18

Directors’ remuneration Auditors’ remuneration Depreciation of tangible assets Interest receivable

- 8,000 8,000 22,876 21,852 (184,665) (196,091)

Auditors’ remuneration disclosure: Audit Tax advisory Other assurance Other non audit services

8,000 8,000 - - - -

PART 3 - ACCOUNTS

19

ACCOUNTS

2012

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2012

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2012 5. Tangible Assets

3. Employees & Remuneration The average number of persons employed by the company during the year was 11 (2011: 8) and is analysed into the following categories:

2012 2011

Management Administration

3 2 8 6

11 8

The staff costs amounted to: Wages and salaries Social Welfare costs Pension costs

€ €

506,068 422,000

448,691 373,772 49,010 39,861 8,367 8,367

Buildings Equipment Total € €

Cost: At 1 January 2012 Additions

905,364 -

At 31 December 2012

905,364 43,300 948,664

Depreciation: At 1 January 2012 Charge for year

72,274 18,107

At 31 December 2012

90,381 17,636 108,017

Net book value: At 31 December 2012

814,983 25,664 840,647

At 31 December 2011

833,090

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

PART 3 - ACCOUNTS

20

PART 3 - ACCOUNTS

21

19,634 924,998 23,666 23,666

12,867 4,769

6,767

85,141 22,876

839,857

ACCOUNTS

2012

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2012

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2012 9. Income and Expenditure Account

Restricted Restricted General Total

Funds Funds Funds

€ € € €

6. Debtors (Amounts falling due within one year): 2012 2011 € € Deferred income Accruals and other creditors

12,684 27,726 9,375 29,848

22,059 57,574

7. Creditors (Amounts falling due within one year): 2012 2011 € € Deferred income Accruals and other creditors

55,154 188,272 946,211 389,519

1,001,365 577,791

1,975,412 10,069,319

Surplus/(deficit) for the year

128,412

180,619

1,039,381) (730,350)

Closing balance 31 December 2012

1,107,458 7,295,480 936,031 9,338,969

10. Reconciliation of Excess of Income Over Expentiture to Cash Inflow From Operating Activities 2012 2011 € €

8. Pension Commitments 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 (2011: €8,367). The amount outstanding at the year end amounted to €Nil (2011: € Nil).

22

7,114,861

The organisation has projects and commitments approved by the fundraising board totalling €8.4m on behalf of the Children’s University Hospital, Temple Street, Dublin 1 as at 31 December 2012. Other projects and commitments being brought to the board seeking approval subsequent to year end amount to €1.7m.

Included in accruals and other creditors is an amount of €416,269 (2011: €44,365) due to The Children’s University Hospital, Temple Street, Dublin 1, which was paid subsequent to the balance sheet date.

PART 3 - ACCOUNTS

Opening balance 1 January 2012 979,046

Surplus prior to disbursements Depreciation Adjustment for interest received and similar income Decrease in debtors Increase/(decrease) in creditors

2,768,727 2,789,659 22,876 21,852 (184,665) (196,091) 35,515 8,324 423,574 (581,478)

3,066,027 2,042,266

PART 3 - ACCOUNTS

23

ACCOUNTS

2012

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2012 11. Analysis of Net Funds

SUPPLEMENTARY INFORMATION (NOT COVERED BY THE INDEPENDENT AUDITORS’ REPORT)

2012 2011 € € Disbursements to Causes

1/1/2012 Cash outflow 31/12/2012 € € €

Cash

9,749,679

(272,051)

9,477,628

€

Restricted funds Designated funds General funds

1,107,458 7,295,480 1,074,690

9,477,628

Total commitments €8.4m (see Note 9).

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 arms’ length. In addition, the Children’s University Hospital is a beneficiary of company fundraising activities.

Project disbursements Research centre Endocrinology fit out Audiology refurbishment CF unit Dermatology refurbishment Isolation facilities Clinical equipment purchases Other hospital projects

231,105 181,604 1,575 131,507 (8,742) 143,417 - 97,403 714 125,801 570,153 70,713 1,255,500 1,309,899 1,268,989 807,991

Other disbursements Hospital wards (Equipment purchase, training, research)

179,783 224,123

3,499,077 3,092,458

As at 31 December 2012, the company owed €416,269 (2011: €44,365) to The Children’s University Hospital. This was paid subsequent to the balance sheet date.

PART 3 - ACCOUNTS

24

PART 3 - ACCOUNTS

25

BOARD OF

DIRECTORS

Mr. David McCann

Mr. Donal Spring

Mr. Cormac McAlinden

Mr. Michael Monaghan

Ms. Siobhan Brady

Mr. Vincent Sheridan

Ms. Emer Finnan

Ms. Judge Ann Ryan

Chairman

Ellie May is 5 years old and a long term patient in Temple Street.

PART 3 - ACCOUNTS

26

27

Secretary Ms Andrea Neill Registered Number 328920 Registered Office 50 Fitzwilliam Square, Dublin 2 Solicitors Arthur Cox & Company Solicitors Earlsfort Centre Earlsfort Terrace Dublin 2 Bankers AIB 62 St. Brigid’s Road Dublin 5 Bank of Ireland Ballsbridge Dublin 4 Ulster Bank 81/82 Dorset Street Dublin 1 Rabobank International Utrecht Croeselaan 18 Utrecht 3521 CB The Netherlands Auditors Deloitte & Touche Chartered Accountants Deloitte & Touche House Earlsfort Terrace Dublin 2 Contact Information Children’s Fund for Health Temple Street Children’s University Hospital Temple Street Dublin 1 Charity Number CHY13534

The Fundraising Office,

t: 01 878 4344

Temple Street Children’s University Hospital,

e: info@templestreet.ie

Temple Street, Dublin 1.

w. www.templestreet.ie