Charity Registration No. 1094532
Company Registration No. 4535844 (England and Wales)
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Andre Poulie
Jan Poulie
Joshua Byrne
Ian Kelly
Daniel Wise
Kenneth Robertshaw
Janet Lee
Helen Fentimen
Sabine-Notz Catsiapis
Charity number
1094532
Company number
4535844
Principal address
Salisbury House Office 872
29 Finsbury Circus
London
EC2M 5SQ
Independent examiner
Berish Hoffman FCA
Landau Morley LLP
325-327 Oldfield Lane North
Greenford
Middlesex
UB6 0FX
Bankers
Royal Bank of Scotland
62-63 Threadneedle Street
PO Box 412
London
EC2R 8LA
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Chairman's Statement
1
Trustees' report
2 - 7
Independent examiner's report
8
Statement of financial activities
9
Balance sheet
10
Notes to the financial statements
12 - 19
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

2024 has been a most successful year for Theodora Children's Charity. I want to thank with all my heart all of our donors, Trusts and corporate partners who have trusted and honoured us with their generous support. In the year of our 30th anniversary, we have consolidated the activities of our charity in training 4 new talented artists, reopening 2 of our hospital partner programme visits; including at Great Ormond Street Hospital, moved our head offices to an energy filled location in the city and celebrated our history. Our board of directors also acted in keyways, helping us achieve visiting close to 16,000 children in hospitals across the UK.

 

During the last 3 decades, we have been privileged to observe and adapt to the evolution of the paediatric care. In working closely with our hospital partners, we constantly adapt our work to their needs and modestly help them as they look after children on their wards. We have frequently witnessed, that the visit of a Giggle Doctor can make a difference when a child is confronted with anxiety and a low morale. By diminishing the children's fears, we can also help the relationship between children and hospital staff. We admire the dedication of the NHS staff and are honoured to stand alongside them.

 

In the fast-changing world of healthcare, what remains constant is our team's desire to support children and keep their mental health and wellbeing at the centre of every Giggle Doctor interaction.

 

We live in challenging times, but I remain adamant that the dreams of today's children will create tomorrow's world. There are no boundaries for them, as long as we support children with love and the belief that they have the capacity to overcome challenges. I remain positive and grateful for what our charity has achieved and what we can continue achieve together.

 

 

Andre Poulie
Co-Founder and Chair of the Board of Trustees of Theodora Children's Charity
Date: 9 March 2025
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -

The trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Theodora Children's Charity is a national children’s charity that works to reduce the impact of illness, whatever its severity, of hospital admissions for children and young people through our unique Giggle Doctor Programme.

Research shows that hospitals can be a frightening and lonely experience for children. It is especially distressing for younger children who may be separated from their parents, carers, and family for the first time.

Our mission is to help children living with illness, disability and serious health challenges feel better using the proven power of a visit from the Theodora Giggle Doctors. We know from parents the difference a visit can make to a child to help them cope with feeling isolated and anxious, especially for those children with mental health anxiety and challenges.

The Giggle Doctors are professional artistic performers, highly trained by the charity to work in both the hospital and specialist care environments, and with children with disabilities. We know from impact reports that the Giggle Doctor programme improves children’s experience of hospital, reduces stress and anxiety, increases opportunities for play and improves wellbeing.

The Trustees have considered the requirements of the Charities Act 2011 and have satisfied themselves that they have complied with their duty to have regard to the Public Benefit guidance published by the Charity Commission.

 

 

 

 

 

THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

ACHIEVEMENTS AND PERFORMANCE

The Board of Trustees recognises that it has been another eventful and challenging year for us all and are very pleased with the overall result.

In 2024 we resumed visits at Great Ormond Street Hospital and began visits at Wythenshawe hospital in Manchester, bringing our total number of hospitals receiving regular visits to 15. We also carried out two one off pilot visits at hospitals in Rotherham and Cwmbran. In Rotherham, this has resulted in the hospital seeking funding in order to make a series of visits possible there in 2025.

 

As we work to consolidate our visits, we have seen a small increase in the number of children we've visited with our total for 2024 of 15,687. We have also started to work to understand the breadth of our secondary beneficiary reach in more detail, and estimate that in addition to this number, we benefitted approximately 45,492 parents/carers, hospital staff and siblings.

 

Continuing to recognise the changing landscape in paediatric care and the rise in the number of children and young people with mental health difficulties, we have continued to upskill Giggle Doctors in this area, including organising training for our team provided by a specialist in children's mental health training

 

We have also collaborated with our sister charities to pilot a new training model which emphasises the high level of professional and artistic skill and knowledge Giggle Doctors must attain to complete their work safely and effectively.

 

A visit from Giggle Doctors continues to be completely free of charge and parents, carers and the NHS pay nothing towards our costs.

The passion of our supporters for the work we do and their commitment to our cause allows us to provide playful interactions, fun and giggles for children. We are very grateful to the individuals who give regularly, and at our fundraising events, the companies and Trusts who support our projects, and those who generously support us in other ways.

At the end of 2024 we began the big task of moving the office and team to a new location, arriving to start 2025 in central London. The Board recognised that after 2 years, a new London location, with greater space, better working conditions and better value would suit our needs, whilst allowing our team to be able to interact with more potential supporters. As always, during 2024 our fundraising and wider office team were flexible, diverse, and creative in response to the ever-changing challenges to raise funds.

We look forward to welcoming visitors to our new office in 2025, and to a busy and exciting year.

THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -

How We Raise Funds

The commitment of our supporters for the work that we do allows us to bring our Giggle Doctors to children during, and beyond, the worst health challenge they and their family could face. Our thanks go to everyone who supported us this year, we couldn’t have bought playfulness and laughter to children without you. Donations from charitable trusts, foundations and other grant makers continue to be vital, and we are grateful to all who support our work and help us to Give A Giggle.

 

Thank you to:

 

The Leys Community Fund

The National Lottery Community Fund

The Fellfoot Charitable Trust

The Edward Harvist Trust (The Harvist Estate)

Garfield Weston Foundation

Childwick Trust

The Hilary Awdry Charitable Trust

The Zochonis Charitable Trust

Baron Davenport's Charity

Condy Trust

Simon Gibson Charitable Trust

Edwards Lifesciences Foundation

Community of the Presentation Trust

The Guyll-Leng Charitable Trust

Lillie Johnson Charitable Trust

The Eveson Trust

Marshall and Viggars Charitable Trust

Fowler Smith and Jones Trust

The John S Cohen Foundation

The 29th May 1961 Charitable Trust

The D C Moncrieff Charitable Trust

The Charterhouse Charitable Trust

The Lord Austin Trust

The Lawson Trust

Blakemore Foundation

Peter Harrison Foundation

The James Beattie Charitable Trust

John Avins Trust

Sovereign Health Care

Shanly Foundation

The Roger & Douglas Turner Charitable Trust,

Edith Murphy Foundation

Leeds Convalescent Society

 

Thanks also go to our corporate sponsors and generous rotary clubs from familiar names to new, including but not limited to: Moose Toys, Alliance Healthcare UK, The Lendlease Guvnors Club, Equifax Limited (UK) and Hugh James Law Firm.

 

Our thanks go to everyone who were part of our two matched fundraising campaigns: in June raising £42,236, and our Christmas campaign raising a fantastic £85,009.

 

Our fundraising team worked extremely hard to engage and build positive relationships with all of our stakeholders. We are not funded by the NHS or other public sector organisations, and this means that we must be creative and flexible in our approach to raising the funds we need for the work we do, aiming to be diverse and collaborative in our approach.

 

Protecting our Supporters - Theodora Children’s Charity is registered with the Fundraising Regulator and is

committed to upholding the Fundraising Code of Practice. We manage supporter data in accordance with GDPR and ensure we only contact people who have agreed to hear from us. We do not ask anyone who appears to be vulnerable to commit to giving.

THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -

FINANCIAL REVIEW

The attached financial statements summarise The Theodora Children’s Charity transactions from January to December 2024.

 

Funds

The Theodora Children's Charity depends solely on donations and grants from individuals, trusts, hospital charities, schools, clubs and companies. Funds available are sufficient to permit the Theodora Children's Charity to carry on operating in the medium term, thanks to the continued support of its donors.

 

Donations in Kind

The charity did not receive any gifts in kind in lieu of goods in 2024.

 

Investment Policy

Under the Memorandum and Articles of Association, the charity has the power to make investments. The Trustees currently hold all of the charity's reserves with the Royal Bank of Scotland.

 

Reserves Policy

As at 31st December 2024, the charity had what the Charity Commission defines as free reserves of £208,972 to provide for the Charity’s working capital needs. Reserves should provide a sensible contingency against any unexpected shortfall in fundraising income, emergency expenditure or seed money for new projects. The reserves policy to provide security is to hold between three and six months (and no less than three months) of running costs which will ensure the uninterrupted services and delivery of the Charity’s objectives. The Trustees understand that the current level of reserves is lower than they would like but are taking steps to improve this as well as keeping this under review to ensure they are adequate for future operational needs.

 

Going Concern

The Trustees believe the charity has no going concern issues and will continue to evaluate the situation on an ongoing basis.

Small Company Provision

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

STRUCTURE, GOVERNANCE AND MANAGEMENT

 

Governing Document

The Theodora Children's Charity is a charitable company limited by guarantee (no. 4535844), incorporated on 16th September 2002 and registered as a charity on 7th November 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1

Trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Andre Poulie
Jan Poulie
Joshua Byrne
Ian Kelly
Daniel Wise
Kenneth Robertshaw
Janet Lee
Helen Fentimen
Sabine-Notz Catsiapis
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -

Recruitment and Appointment of Management Committee

The directors of the company are also charity trustees for the purpose of charity law and under the company's Articles are known as members of the Management Committee. The Management Committee seeks to ensure that the trustee body is experienced in both the business and the charitable sectors, having long-term experience in their own charities and businesses. The trustees of the charity are unpaid volunteers. We are very thankful for their support. New Board members are nominated by existing Trustees and the Board votes to decide if they are to be invited to join. A majority is required , including a vote from the chairman.

Trustee Induction

New Trustees are given a New Trustee Information Pack which contains information relevant to the Theodora Children’s Charity. In addition, a copy of the annual accounts and a copy of the memorandum and articles of association for reference are also provided, along with Charity Commission guidance relating to the role and responsibilities of being a Trustee.

Risk Management

The Board of Trustees actively review the major risks which the charitable company faces and a risk register is reviewed every year. Due to the current economic situation we believe that maintaining reserves at the current levels, combined with an annual review of the internal controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The Board has also examined other operational and business risks faced by the charitable company and confirm that they have established systems to mitigate these risks; including monthly 1:1 meetings with the Interim Chief Operating Officer.

 

The Board of Directors collaborate closely with the staff of The Theodora Children's Charity to provide support in the following areas of expertise: Communication, Fundraising, Human Resources, Legal and Giggle Doctor relations.

Organisational Structure

The Board of Trustees discusses and approves the annual budget and approves the accounts of the charitable company. Further to supporting the charity with their expertise, the Board of Theodora Children’s Charity establishes the general strategy for the charity. It delegates to the Chief Executive to supervise the management of Theodora Children's Charity on a day-to-day basis and to implement Board decisions and strategies. Commencing in December 2024, the Fundraising and Communications Manager had additional responsibilities added and is now the Chief Operating Officer and can make these decisions under the direction of the Chief Executive.

 

The Chief Operating Officer oversees our fundraising campaigns and communications, along with a Senior Fundraiser and a freelance Trusts fundraiser. The Senior Finance Officer manages all income reporting, management accounts and statutory reporting. In the last quarter of the year, a Programme Administrator joined the team, to work alongside the Programme Manager and Impact Measurement Lead.

PLANS FOR THE FUTURE

 

Fundraising

In 2025, the charity will continue to focus on fundraising from Companies, Trusts and individuals and its twice-yearly fundraising campaigns – in the summer and at Christmas. Focus will be given to developing new relationships while also maintaining and growing existing ones. There will be critical focus on raising a diversified combination of both restricted and unrestricted income.

 

Programme

In 2025, we plan to consolidate our programme and carefully return to up to two more hospitals, whilst also gathering the necessary data to share within our impact reporting.

The trustees' report was approved by the Board of Trustees.

Andre Poulie
Co- Founder and Chair of the Board of Trustees
Dated: 9 April 2025
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE THEODORA CHILDREN'S CHARITY
- 8 -

I report to the trustees on my examination of the financial statements of The Theodora Children's Charity (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Berish Hoffman FCA
Landau Morley LLP
325-327 Oldfield Lane North
Greenford
Middlesex
UB6 0FX
9 April 2025
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
236,593
506,381
742,974
459,486
103,349
562,835
Investments
3
7,140
-
7,140
2,616
-
2,616
Total income
243,733
506,381
750,114
462,102
103,349
565,451
Expenditure on:
Raising funds
4
130,817
-
130,817
151,454
-
151,454
Charitable activities
5
102,239
379,719
481,958
163,255
324,503
487,758
Total expenditure
233,056
379,719
612,775
314,709
324,503
639,212
Net income/(expenditure)
10,677
126,662
137,339
147,393
(221,154)
(73,761)
Transfers between funds
(41,910)
41,910
-
(32,816)
32,816
-
Net movement in funds
(31,233)
168,572
137,339
114,577
(188,338)
(73,761)
Reconciliation of funds:
Fund balances at 1 January 2024
255,468
95,938
351,406
140,891
284,276
425,167
Fund balances at 31 December 2024
224,235
264,510
488,745
255,468
95,938
351,406

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 10 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
15,263
4,634
Current assets
Debtors
11
39,048
54,970
Cash at bank and in hand
472,399
317,652
511,447
372,622
Creditors: amounts falling due within one year
12
(37,965)
(25,850)
Net current assets
473,482
346,772
Total assets less current liabilities
488,745
351,406
The funds of the charity
Restricted income funds
13
264,510
95,938
Unrestricted funds
224,235
255,468
488,745
351,406

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 9 April 2025
Andre Poulie
Co- Founder and Chair of the Board of Trustees
Company registration number 4535844 (England and Wales)
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
159,922
(90,180)
Investing activities
Purchase of tangible fixed assets
(12,314)
-
Investment income received
7,140
2,616
Net cash (used in)/generated from investing activities
(5,174)
2,616
Net cash used in financing activities
-
-
Net increase/(decrease) in cash and cash equivalents
154,748
(87,564)
Cash and cash equivalents at beginning of year
317,652
405,216
Cash and cash equivalents at end of year
472,400
317,652
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
1
Accounting policies
Charity information

The Theodora Children's Charity is a private company limited by guarantee incorporated in England and Wales. The registered office is Salisbury House Office 872, 29 Finsbury Circus, London, ECM2 5SQ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

 

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of meeting any performance-related conditions and there is not unconditional entitlement to the income, its recognition is deferred and included in creditors as deferred income until the performance-related conditions are met. Where entitlement occurs before income is received, the income is accrued.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 13 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 14 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
236,393
356,381
592,774
364,486
103,349
467,835
Legacies receivable
200
150,000
150,200
95,000
-
95,000
236,593
506,381
742,974
459,486
103,349
562,835
Donations and gifts
Individuals
140,512
3,270
143,782
194,531
-
194,531
Corporate Sponsors
15,035
24,836
39,871
64,330
14,302
78,632
Trusts and Foundations
78,750
303,601
382,351
100,996
72,347
173,343
Other
2,096
24,674
26,770
4,629
16,700
21,329
236,393
356,381
592,774
364,486
103,349
467,835
3
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
7,140
2,616
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
4

Raising funds

Unrestricted
Unrestricted
funds
funds
2024
2023
£
£

Commissions

2,426
2,661
Fundraising support
44,438
33,975
Staff costs
79,493
113,033
Support costs
4,460
1,785
130,817
151,454
5
Charitable activities
2024
2023
£
£
Staff costs
72,549
88,343

Giggle Doctor fees

179,374
130,423

Materials for Giggle Doctor

6,619
14,059

Giggle Doctor travel

22,629
17,094

Giggle Doctor training scheme

65,704
65,716

Giggle Doctor support costs

12,599
8,868
359,474
324,503
Share of support costs (see note 6)
117,210
158,642
Share of governance costs (see note 6)
5,274
4,613
481,958
487,758
Analysis by fund
Unrestricted funds
102,239
163,255
Restricted funds
379,719
324,503
481,958
487,758
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
6
Support costs allocated to activities
2024
2023
£
£
Staff costs
50,167
81,295
Depreciation
1,686
1,544
Office Rent
29,396
37,582
Mobile costs
608
1,557
Other data services
2,735
2,160
Other admin services
19,583
13,665
Electricity
36
189
Maintenance
527
549
Insurance
2,053
3,177
Travelling
1,124
1,099
Bank Charges
399
295
Maintenance IT
13,356
17,315
Governance costs
5,274
4,613
126,944
165,040
Analysed between:
Fundraising
4,460
1,785
Charitable activities
122,484
163,255
126,944
165,040
2024
2023
Governance costs comprise:
£
£
Independent Examiner's fees
5,274
4,613
5,274
4,613
7
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
6
6
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
8
Employees
(Continued)
- 17 -
Employment costs
2024
2023
£
£
Wages and salaries
172,139
236,400
Social security costs
14,246
21,250
Other pension costs
15,824
25,021
202,209
282,671

The key management personnel of the charity comprise the Trustee, the Voluntary Director and the Interim Chief Operating Officer. The total employee benefits of the key management personnel of the Charity were £39,741 (2023: £71,445).

 

The number of employees whose annual remuneration was £60,000 or more were:

2024
2023
Number
Number
£70,001 to £80,000
-
1
9
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10
Tangible fixed assets
Office equipment
£
Cost
At 1 January 2024
18,000
Additions
12,314
At 31 December 2024
30,314
Depreciation and impairment
At 1 January 2024
13,365
Depreciation charged in the year
1,686
At 31 December 2024
15,051
Carrying amount
At 31 December 2024
15,263
At 31 December 2023
4,634
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 18 -
11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
39,048
54,970
12
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
23,556
21,151
Accruals and deferred income
14,409
4,699
37,965
25,850
13
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January 2024
Incoming resources
Resources expended
Transfers
At 31 December 2024
£
£
£
£
£
Restricted Funds
95,939
506,381
(379,719)
41,910
264,511
95,939
506,381
(379,719)
41,910
264,511
Previous year:
At 1 January 2023
Incoming resources
Resources expended
Transfers
At 31 December 2023
£
£
£
£
£
Restricted Funds
284,277
103,349
(324,503)
32,816
95,939
14
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 December 2024:
Tangible assets
15,263
-
15,263
Current assets/(liabilities)
208,972
264,510
473,482
224,235
264,510
488,745
THE THEODORA CHILDREN'S CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14
Analysis of net assets between funds
(Continued)
- 19 -
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 December 2023:
Tangible assets
4,634
-
4,634
Current assets/(liabilities)
250,834
95,938
346,772
255,468
95,938
351,406
15
Operating lease commitments
Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
22,415
38,102
Between two and five years
19,451
-
41,866
38,102

 

16
Company Limited by Guarantee

The company is limited by guarantee and has no share capital. The liability of its members is limited to £1 per member.

17
Related party transactions

The charity received donations of £30,000 (2023: £80,742) from Theodora Fondation Switzerland as a contribution towards administration costs. At the year end Theodora owed Theodora Fondation £11,829 (2023: £7,641). Theodora Switzerland was founded in Switzerland by Jan and Andre Poulie in 1993 in memory of their mother, Theodora. The work of The Theodora Children's Charity, the UK charity, is inspired by the philosophy shared by this international network of Giggle Doctor programmes.

 

The charity also received donations of £40,230 (2023: £14,471) from the trustees and pro-bono professional services from D Wise. a trustee.

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