Charity Registration No. 1002973 Company Registration No. 2609219 (England and Wales)
**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee and having no Share Capital) Trustees’ Report and Accounts For the Year Ended 31 March 2023**
**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Reference and Administrative Information**
|**Company Number**|2609219 (England and Wales)|
|---|---|
|**Charity Number**|1002973 (England and Wales)|
||SC040878 (Scotland)|
|**Legal Status**|The organisation is a charitable company limited by guarantee and as|
||such is governed by its Memorandum and Articles of Association.|
|**Board of Trustees**|Jason Parker (Chair)|
||Charlotte Witteridge (Vice-Chair)|
||Calvin Sellers (Treasurer)|
||Alexander Burrows|
||John Calder|
||Caroline Farrar|
||Neil James|
||Amy Overend|
||Fauzia Paize|
||Tania Seale|
||Mala Shah-Coulon|
|**Chief Executive**|Caroline Lee-Davey|
|**Company Secretary**|Kay D’Cruz (resigned 30 April 23)|
|**Registered Office**|10-18 Union Street|
||London|
||SE1 1SZ|
|**Auditor**|Sayer Vincent LLP|
||Invicta House|
||108-114 Golden Lane|
||London|
||EC1Y 0TL|
|**Bankers**|Lloyds Bank PLC|
||3 St George’s Road|
||London|
||SW19 4DR|
|**Solicitors**|Mishcon de Reya LLP (until Jul 23)|
||Africa House|
||70 Kingsway|
||London|
||WC2B 6AH|
||CMS Cameron McKenna Nabarro (from Aug 23)|
||Cannon Place|
||78 Cannon Street|
||London|
||EC4N 6AF|
## **Contents**
||**Page**|
|---|---|
|Trustees’ Report|1|
|Statement of Trustees’ Responsibilities|19|
|Independent Auditor’s Report|20|
|Group Consolidated Statement of Financial Activities|24|
|Balance Sheet|25|
|Statement of Cash Flows|26|
|Notes to the Accounts|27|
**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
**Trustees’ Report for the Year Ended 31 March 2023**
## Trustees’ Report for the Year Ended 31 March 2023
## Introduction from the Chair and Chief Executive
We have been proud to start delivery of our new three-year strategy this year, and to make significant progress in our cross-cutting theme of tackling health inequalities. This has involved starting to build new partnerships with a range of new and different organisations and working closely with them to develop and adapt our services to meet the needs of a broader range of families, as well as publish new research into the neonatal experiences of South Asian families. There is much for us still to do, but we have been pleased at the achievements we have already delivered in this area and look forward to deepening our partnership work and expertise in future years to make even more of a difference for all babies born premature or sick.
A real highlight this year has also been our campaigning work to take the Neonatal Care (Leave and Pay) Bill through Parliament, working closely with Stuart McDonald MP who introduced it as a Private Member’s Bill, as well as MPs and peers from across both Houses. This Bill is due to receive Royal Assent early in 23/24, and when implemented will make a huge difference to parents with babies in neonatal care. It has been a longstanding campaign goal for Bliss to deliver a statutory entitlement to paid time off for parents when their baby is in neonatal care, and our work to realise this for families in future has been an enormous source of pride for us all this year.
For families with a baby in neonatal care today, we have continued to innovate in how we best deliver information and support, and in particular have developed our digital support further to ensure we remain accessible in the ways that parents most need us. We have also worked closely with neonatal units across the UK on progress through the Bliss Baby Charter accreditation scheme, which supports health professionals to deliver truly family-centred care. We continue to support cutting-edge research at Oxford University into the measurement and management of pain in premature babies, and have been awarded funding to develop parent resources on this topic which will ensure key findings reach the frontline next year to have a direct impact on care.
Towards the end of the year, we were delighted to move into office space within the building owned by the Royal College of Obstetricians and Gynaecologists, alongside many of our charity peers and partners. Not only is this a fantastic working space for our brilliant staff team, it also provides opportunities for us to strengthen our collaboration with other charities in our sector, and we look forward to building these relationships over the coming years.
We are, as always, extremely grateful to all those who have supported our work this year in so many different ways – individual supporters, campaigners, volunteers, health professionals, partner organisations and funders – and without whom our work simply wouldn’t be possible. Given the external economic challenges facing all of us, it is even more humbling that our many incredible supporters have continued to donate and fundraise for us this year. It is an extraordinary honour for us to lead this organisation, and we are proud to work with such a dedicated team of staff, volunteers and supporters doing everything we can to ensure that every baby born premature or sick across the UK has the best chance of survival and quality of life.
Caroline Lee-Davey Chief Executive
Jason Parker Chair of Trustees
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
**Trustees’ Report for the Year Ended 31 March 2023**
The Directors of the Charity (who are the Trustees of the Charity for charity law purposes) present their report and the audited financial statements for the year ended 31 March 2023.
The Trustees confirm that the annual report and financial statements have been prepared in accordance with the Companies Act 2006, the Charities Act 2011 and the requirements of 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).
## Structure, governance and management
## _Governing document_
Bliss - the National Charity for the Newborn is a company limited by guarantee, incorporated on 9th May 1991 and governed by its Memorandum and Articles of Association, last updated on 26th January 2011. It is also registered as a charity with the Charity Commission, date of registration 20[th] May 1991.
Members of the charity are limited to the serving members of the volunteer Board of Trustees at any given time, who are limited to a guarantee of £1 each in the event of the charity being wound up.
Bliss has two wholly owned subsidiaries: Bliss Sales Limited, the principal activity of which is trading operations that enhance the aims and objectives of Bliss, with available profits gift aided back to Bliss; and Bliss Scotland (Charity) Limited, which is a company limited by guarantee in Scotland and a registered charity in Scotland, the principal activity of which is to carry out Bliss’ aims and activities in Scotland.
## _Appointment of Trustees_
As set out in the Articles of Association, the Chair of the Board of Trustees is elected by the members of the Board. When Trustee vacancies arise on the Board these are openly advertised, and the appointment of new Trustees is made following an application process including interview by members of the Nominations Committee, and approval by the whole Board. When considering appointments, the Nominations Committee consider the diversity of the current board of Trustees in terms of skills and experience, geographic representation, age and ethnic background; and we continually aim to increase the board’s diversity.
## _Trustee induction, training and evaluation_
New Trustees have a comprehensive induction coordinated by senior staff and fellow Trustees; this includes, for example, time spent with staff to find out about the work of the Charity, a visit to a neonatal unit, and buddying with an experienced Trustee. All Trustees are offered ongoing training as required, as well as regular opportunities to engage with the Charity’s staff team, beneficiaries, stakeholders and supporters.
Each Trustee has an annual review conducted by The Vice-Chair undertakes a regular review of the Chair, incorporating input from all Trustees and the Senior Management Team (SMT). Once every three years, there is an externally facilitated board evaluation; during 2022-23 this comprised a board review, training and development session that specifically focused on equity, diversity and inclusion.
## _Organisation_
The volunteer Board of Trustees is responsible for the overall governance and direction of the charity. The Senior Management Team meets regularly and reports to the Board through the Chief Executive.
During the year the Board comprised 11 Trustees overall, including a Chair, Vice Chair, and Treasurer. Trustees are all members of the Board and at least one sub-committee. The Board met six times during the year; our two primary sub-committees are the Finance, Risk & Fundraising Committee, which met six times during the year; and the Impact & Delivery Committee, which met three times.
During the year our meetings were held in hybrid style, with some Trustees attending by videoconference; with the exception of the annual Board away day which was held fully in person. The Chief Executive and SMT attend
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
**Trustees’ Report for the Year Ended 31 March 2023**
meetings of the Board and its sub-committees. Bliss Scotland and Bliss Sales Ltd have separate Boards; the Directors of Bliss Sales are made up of Bliss Trustees and one member of Bliss SMT, and the Trustees of Bliss Scotland during the year comprised two Trustees who are also Trustees of Bliss, and two independent Trustees. Trustee attendance at Board meetings was 72 per cent this year (2022: 92 per cent).
All Trustees are on fixed terms of office of four years and typically serve up to two terms. The following served as Trustees during the period 1 April 2022 to 31 March 2023:
Alexander Burrows John Calder Caroline Farrar Neil James Amy Overend Fauzia Paize Jason Parker (Chair) Tania Seale Calvin Sellers (Treasurer) Mala Shah-Coulon Charlotte Witteridge (Vice Chair)
_Related parties and co-operation with other organisations_
None of the Trustees has any beneficial interest in the company. As members, they each have a potential individual liability of £1. There are no Trustees’ interests to be disclosed.
See notes 9 and 20 to the accounts for further information.
## _Charity Governance Code_
Bliss continues to apply the Charity Governance Code. During 2021-22 the Board developed and approved an internal controls and governance checklist to ensure effective oversight of key internal controls, and this was fully updated and reviewed by Trustees during the year to ensure we were maintaining our high standards around governance.
## _Risk management_
The Trustees review the major risks facing the Charity on a regular basis, monitoring reserves and reviewing key financial systems to ensure sufficient resources are available to meet our obligations in the event of adverse conditions. The Trustees have also examined other operational and business risks faced by the Charity and confirm that they have established systems to manage significant risks.
Key risks to the Charity include:
- The impact of cost-of-living and inflationary pressures on the ability of the charity to fundraise, in particular through individual giving and community and events fundraising; and thus on income levels for this financial year and beyond
- The impact of a challenging external environment on NHS services, hampering the ability of neonatal units to drive forward improvements in family-centred care for babies in neonatal units
- The impact of a competitive employment market on the ability of the charity to recruit and retain staff; and thus on the ability to deliver our strategy and operational plans in full.
The systems of control and activities to minimise risk include:
- Periodic review of progress against the agreed strategy
- An annual operational plan approved by Trustees
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Trustees’ Report for the Year Ended 31 March 2023**
- An annual budget approved by Trustees and their regular monitoring against this budget
- Monthly reviews of financial results, for both income and expenditure, against budgets
- Additional monitoring of cashflow and other activity to reduce cash outlay as required
- Regular review of a risk register by the Finance, Risk & Fundraising sub-committee, at meetings of the full volunteer Board of Trustees, and on a monthly basis by the SMT
- Delegated authorities to spend within defined limits
- Legal, HR and finance input from expert advisers.
The Trustees ensure that the management of risk is ongoing and embedded in management and operational procedures.
## Public benefit
Section 17 of the Charities Act 2011 contains a legal requirement that all charities’ aims are for public benefit. The Charity Commission in its “Charities and Public Benefit” guidance states that there are two key principles to be met in order to show that an organisation’s aims are for public benefit:
1. There must be an identifiable benefit
2. Benefit must be to the public or a section of the public.
Regular evaluation of Bliss’ work demonstrates the clear and positive benefit that we have on tens of thousands of babies, their families and the healthcare professionals who care for them. This is particularly through:
- The provision of free information and support to families of babies in neonatal care, which enables and empowers them to play a full role in their baby’s hands-on care, which has proven health and developmental benefits for babies
- The support for audit and improvement of practice in neonatal units, in particular to maximise the involvement of parents in their babies’ care
- Highlighting the challenges for neonatal care and supporting development of the solutions to address these through our policy and campaigning work; and
- Supporting public and patient involvement in research to maximise its patient benefit.
We aim to regularly evaluate the impact and effectiveness of our work through a process of measurement and evaluation led by SMT and managers, which is reviewed by Trustees periodically at meetings of the Impact and Delivery Committee and of the full Board. This year we worked with an external consultancy to develop a new impact framework, to enable us to measure and report on our impact for babies more systematically in future.
## About Bliss
Bliss was founded in 1979 by a group of concerned parents who discovered that no hospital had all the equipment nor the trained staff it needed to safely care for premature and sick babies. Determined to do something, these volunteers formed a charity to give vulnerable babies the care they deserve. Over 40 years later, Bliss has grown into the UK’s leading charity for babies born premature or sick.
## Our vision:
That every baby born premature or sick in the UK has the best chance of survival and quality of life.
## Our mission:
Bliss champions the right for every baby born premature or sick to receive the best care. We achieve this by empowering families, influencing policy and practice, and enabling life-changing research.
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Trustees’ Report for the Year Ended 31 March 2023**
## Our values:
## _Trusted_
We are entrusted to give voice to all babies born premature or sick. We believe that trust is earned and our actions must always be based on what is best for babies.
## _Supportive_
We believe that developing supportive relationships is at the heart of what we do, and only by supporting others are we able to achieve our goals.
## _Ambitious_
We always go the extra mile to deliver excellence and seek improvement in all we do.
## Our strategy
This has been the first year of our 2022-2025 strategy, which explicitly takes a bolder stance in identifying and addressing poor experiences and unequal outcomes amongst the population of babies born premature or sick, and their families, based on an extensive consultation process to inform its development as well as insights gathered through the Covid-19 pandemic. We have therefore set out three underpinning themes across our new strategy:
- Tackling health inequalities : use the lens of health inequality to identify how we can make the biggest difference for babies born premature or sick; both through seeking to address the evidence gap in what we know about the experience, delivery and outcomes of neonatal care for different groups; and through working closely with specific communities within the neonatal population to develop and deliver our work in ways which better meet everyone’s needs
- Embedding insight and involvement across our work : put babies’ and families’ voices at the heart of everything we do
- Building partnership and collaborative ways of working : continue and strengthen our existing partnership work and build even greater collaboration across our programmes of work.
Our five strategic objectives for the 2022-25 period are:
- Campaigning for change : Ensure that national and local policy changes are delivered which improve the staffing, systems and investment in neonatal care; and which enable more parents to be at their baby’s cotside and to play a hands-on role in their care and decision-making
- Supporting all neonatal families : Provide information and support for all families with a baby in neonatal care which helps them to be better informed, more confident, less isolated, and more involved in their babies’ care and decision-making
- Improving care for babies : Drive excellent and equitable care for every baby in every neonatal unit
- Putting research into practice : Put parents’ and babies’ voices at the heart of research, and use new evidence to inform tangible improvements in care on the ground
- Working with our amazing supporters and staff : Build the organisational infrastructure and workforce to enable Bliss to make the biggest difference for babies born premature or sick.
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Trustees’ Report for the Year Ended 31 March 2023**
Review of 2022/23 activities
1. Campaigning for change : _Ensure that national and local policy changes are delivered which improve the staffing, systems and investment in neonatal care; and which enable more parents to be at their baby’s cotside and to play a hands-on role in their care and decision-making_
Our main campaigning focus and priority this year has been working on new legislation to bring forward paid neonatal leave for both parents. We worked closely with Stuart McDonald MP on his decision to introduce the Neonatal Care (Leave and Pay) Bill as a Private Member’s Bill in July 2022, and have done extensive policy and campaigning work throughout the year as this legislation progressed through a number of different parliamentary stages. This work has involved:
- Developing a briefing to send to MPs drawn at the top of the Private Member’s Bill Ballot, which was supported by over 30 organisations across the sector
- Running several campaigns to support the Bill process through Parliament through which more than 4,300 email-your-MP actions were taken by Bliss campaigners
- Writing bespoke briefings for MPs and peers throughout all stages of the Bill’s passage through Parliament, resulting in multiple mentions in debates of Bliss, our staff and our work as well as use of our statistics and case studies
- Working closely with officials at the Department of Business and Trade on details of tabled amendments and secondary legislation.
We are delighted that the Bill is due to receive Royal Assent early in 23/24, and are incredibly proud of the difference this new entitlement will make for families with a baby in neonatal care when it is implemented.
This year we have also continued to be the voice of babies needing neonatal care at national level, inputting into and influencing policy to drive improvements in care. This has included continuing to play an active role on the Neonatal Implementation Board, which is responsible for overseeing a five-year programme of neonatal transformation in England; as well as representation on the NHS England Neonatal Critical Care Clinical Reference Group, the Best Start Implementation Board in Scotland, and on the British Association of Perinatal Medicine (BAPM) Executive Committee, among others.
Other policy activity undertaken this year included Bliss being announced as a Core Participant, along with 12 other pregnancy and baby charities, within Module 3 of the UK Covid-19 Inquiry. This is a significant opportunity for Bliss to be able to give evidence and help push for recommendations from the inquiry, drawing on our insights from parents and health professionals during the pandemic, and will be a focus of policy work in the coming years.
2. Supporting all neonatal families : _Provide information and support for all families with a baby in neonatal care which helps them to be better informed, more confident, less isolated, and more involved in their babies’ care and decision-making_
Evidence is very clear that parental involvement in neonatal care is essential to support improved outcomes for babies born premature or sick, as well as for attachment and bonding as a family. Bliss’ work to support parents of babies born premature or sick focuses on informing, enabling and empowering them to play an active role in their babies’ care and decision-making during their time on the neonatal unit, and we have done significant work to broaden and diversify the range of services we offer this year to ensure our support is accessible to as many families as possible.
## Highlights of our work have included:
- We maintained our online support service, delivered by Bliss’ volunteer Bliss Champions via Zoom, to offer emotional support to parents with a baby either on the unit or in the first few months after discharge. We also continued our email helpline service, through which we provided personalised support to families, as well as our slow progress after the pandemic towards returning Bliss Champion volunteers to offering face-
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Trustees’ Report for the Year Ended 31 March 2023**
to-face support on the neonatal unit for parents. Across these three core services we supported 4,402 families over the course of the year
- We have continued to grow our digital support for families this year – including through rolling out our closed Facebook peer support group, building on our Instagram Q&As and Live sessions, and other digital innovations. Across these new services we have supported 14,409 families this year
- We continued to distribute our core printed information to neonatal units across the UK, with c.7,500 copies of About Neonatal Care – our resource for parents newly arriving on the unit – and c. 4,500 copies of Going Home – our resource for parents whose baby is about to be discharged – distributed this year
- • We developed or updated information resources around weaning, jaundice, meningitis, delaying or deferring school start, and common infectious illnesses (through the NHS England funded project outlined below). This year our total website and digital tool users reached 679,151, an almost 20% increase on the previous year.
During the year we also secured a £50k grant from NHS England to develop an information and communications campaign for families around common winter illnesses, as part of wider work to reduce winter pressures on the NHS. This was a significant undertaking delivered at pace, with notable highlights being:
- The updating of our information on common winter illnesses, and the development of new information on Strep A; the flyer for this updated information was then translated into 5 languages and disseminated to all neonatal units
- The co-production, with our partners the Raham Project and Black Mums Upfront, of a symptom spotting guide for babies with Black, Brown or darker skin tones, addressing a notable gap in health information around how common winter illnesses may be identified in babies with darker skin
- The co-production, with the Raham Project, of an infographic around advocating for your baby and giving confidence to parents in decision-making
- An Instagram Live Q&A with the Raham Project, and two digital sessions with ethnic minority clinicians to share accurate information and advice
- Work with Black Mums Upfront to develop a myth-busting video around winter illnesses
- Work with the Formula 1 veteran and commentator Karun Chandhok on a video to raise awareness of our information on winter illnesses and the flu vaccine.
Our impact monitoring this year has shown that:
- 90% of parents surveyed said accessing our information or support made them feel more confident
- 95% of parents surveyed said accessing our information or support made them feel less isolated
- 91% of parents surveyed said accessing our information or support made them feel better informed
- 87% of parents surveyed said accessing our information or support helped them feel more involved in their babies’ care on the neonatal unit.
## 3. Improving care for babies : _Drive excellent and equitable care for every baby in every neonatal unit_
In order to deliver the best outcomes for babies, it is important that neonatal units follow best practice in both parental involvement and developmental care. The Bliss Baby Charter was designed to standardise high quality family-centred care across the UK. It is a practical framework for neonatal units to self-assess the quality of the family-centred care they deliver against a set of seven core principles.
We now have 88 units (out of a total of 191 across the UK) signed up to the paid-for model of the Bliss Baby Charter; with 94% of UK neonatal units in total registered for and working on the Baby Charter. There has been significant engagement and activity on the Baby Charter from these units across the year, with 63 audits received and 6 assessments undertaken, meaning that by the end of the year a total of 17 units had Gold or Platinum accreditation.
This year we have also started a pilot project to develop Bliss’ approach and contribution to the ongoing development of the Family Integrated Care (FICare) model within the UK neonatal community. FICare overlaps
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Trustees’ Report for the Year Ended 31 March 2023**
with and builds on the family-centred care model at the heart of the Baby Charter and draws on international evidence to develop further ways in which parents can be supported to be partners in their babies’ care, to improve babies’ outcomes. We have been working closely with the Luton & Dunstable neonatal unit – together with both parent and professional advisory groups – to explore how Bliss can best support emerging practice in this area, and will be continuing to develop this work in the coming years.
This year we have continued to support health professionals in a number of different ways, including:
- Reaching over 2,000 neonatal health professionals each quarter with our Bliss Journal newsletter, which provides updates on the latest neonatal guidance, evidence and Bliss developments
- Delivering a series of webinars, covering:
- ‘Supporting diverse families with vulnerable babies’, supported by AstraZeneca, which had 116 registrations and 66 attendees on the day
- ‘Family integrated care – the transition from parental involvement to parental partnership’, which had 300 registrations and 90 attendees attending live on the day
- ‘Inequity in neonatal care’, through our NHS England-funded Maternity Consortium project as described below
- Maintaining strong relationships with the network-level Family Care Coordinators in England, whose role is specifically funded through the National Neonatal Critical Care Review to support neonatal units across each network area to develop and implement family-centred care initiatives; as well as starting to build relationships with the new network-level Allied Health Professionals in England.
This year we were also pleased to receive funding from NHS England, through the Maternity Consortium within the Health and Wellbeing Alliance, to deliver a project on reducing inequity in neonatal care service provision. This project involved:
- Qualitative and quantitative research with parents and health professionals to understand more about inequities in neonatal care
- Working collaboratively with partners as well as NHS England to agree the project focus on communication skills for neonatal healthcare professionals, and specifically on building confidence to engage in conversations which can feel awkward (such as asking parents about family and home life), recognising bias and strategies for overcoming communication barriers.
This project culminated in a webinar being held in March 2023 on ‘Inequity in neonatal care: using communication to provide more equitable care’, with 250 registrations, 42 attendees on the day, and more than 220 views of the webinar recording subsequently.
## 4. Putting research into practice : _Put parents’ and babies’ voices at the heart of research, and use new evidence to inform tangible improvements in care on the ground_
This year, the Oxford University research project funded by Bliss – looking at the measurement and management of pain in premature babies – continued, with a focus on completing recruitment to the randomised controlled trial looking at the impact of parental touch on the management of pain in babies. The data from this trial has now all been collected, and we will be working with Oxford University around the promotion and dissemination of the results later in 23/24. We were also pleased to be awarded funding by Oxford University – via a Wellcome Trust grant – to develop a suite of information resources for parents on the role of parental touch in comforting babies during painful procedures on the neonatal unit, to be launched alongside the research findings in 23/24.
In addition, Bliss continues to support a number of other research projects with parental involvement, ensuring that parents’ views and experiences are at the heart of neonatal research to ensure they best reflect and meet the needs of current and future generations of babies. These include projects on subjects as diverse as: the best way to feed babies born between 30 and 33 weeks to keep them healthy in the long term; understanding more about how many babies who have spent time in neonatal care go on to be admitted to paediatric care, and their
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Trustees’ Report for the Year Ended 31 March 2023**
experiences; and linking data sources to understand more about the long-term outcomes of babies born premature. Bliss also remains closely involved in key national long-running neonatal research programmes, sitting on the Project Board of the National Neonatal Audit Programme (NNAP) and on the Steering Board of the National Neonatal Research Database (NNRD).
Bliss has also published its own primary research this year with South Asian parents who have experienced neonatal care, as part of our focus on deepening our understanding of the breadth of different neonatal experiences, to inform both our own services and our policy work. The resulting report, _“South Asian families’ experiences of neonatal care”_ , was based on a survey of over 70 parents, and 16 in-depth interviews. This research highlighted some of the specific challenges and barriers faced by neonatal parents from a South Asian background, including issues around cultural assumptions made around fathers, the lack of understanding around needs for privacy and modesty, and the particular issues facing parents who do not speak English as a first language. We were pleased to secure coverage for this report in publications specifically focused on the Asian community - The Eastern Eye, Garavi Gujarat and Asian Times - to help extend our reach with families in these communities.
5. Working with our amazing supporters and staff : _Build the organisational infrastructure and workforce to enable Bliss to make the biggest difference for babies born premature or sick._
Underpinning our direct delivery work to support babies born premature or sick and their families, health professionals, policymakers and researchers, behind the scenes we have continued to work with a range of partners and our many individual supporters to generate income; as well as strengthen our internal processes and infrastructure to ensure our public-facing work is as impactful as possible. Some of the many and varied highlights of these strands of our work have included:
- We continued our longstanding partnership with Pampers, with work focused in particular around World Prematurity Day on 17 November – activity this year included supporting Pampers with the development of a new TV advert featuring Bliss’ logo, as well as work to support the campaign fronted by their ambassador, England footballer Demi Stokes; we secured around 50 pieces of media coverage from the Pampers partnership, including the Mirror, Grazia and BBC regional coverage
- We were thrilled to be nominated as the Charity of the Year for the Childbase Partnership chain of nurseries during 2022, through which parents and staff raised the incredible total of £176k in this financial year
- We were grateful to be supported by a number of charitable trusts and foundations, including being the recipients of a £75k grant from the Garfield Weston Foundation
- Our fundraising with individuals combined both virtual activity – building on the innovation we had done during the pandemic – as well as a full return to in-person events and challenges, and we are as always enormously grateful to the many hundreds of supporters who took on a range of challenges to raise funds for our work
- Our digital work this year has had a significant focus around accessibility, including a full review and upgrade of our website accessibility, as well as extensive user development and testing to inform a new online information tool around accessing financial support, which will launch in 23/24
- We continued to work across media, social media and online and offline channels to raise awareness of Bliss’ work amongst our key audiences, in particular expectant and new parents, and were thrilled that Savanta’s BrandVue annual report on most loved UK charities this year placed Bliss at number 24, climbing in the rankings for the fourth consecutive year, with a rise of 12 places from 2022. There were notable uplifts among 16-24 year olds as well as in Greater London specifically, as well as among lower socioeconomic groups
- Alongside our public-facing work to put tackling health inequalities at the heart of everything we do, we have significantly developed our internal approach to equity, diversity and inclusion, with our cross-team Working Group undertaking a range of activities including a complete overhaul of our Equity, Diversity & Inclusion Policy, staff surveys and action plans, and the development of a new training package
- We planned and delivered an office move in March 2023, to new flexible working space within the Royal College of Obstetricians and Gynaecologists – this has been not only a cost-efficient move for Bliss, but also
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Trustees’ Report for the Year Ended 31 March 2023**
positions us well for future partnership and collaboration with many of the other charities co-located in the building.
## Plans for the future
In 23/24 we will be continuing the delivery of our five strategic objectives, with a particular focus on the following areas:
- Supporting the final parliamentary stages of the legislation to introduce Neonatal Leave and Pay, and then working with government and employers on the implementation of the new entitlement for parents
- Developing a suite of information resources around the role of parental touch for babies in neonatal care, to launch alongside the outcomes of our grant-funded research project from Oxford University on the measurement and management of pain in premature babies
- Continuing to build and strengthen our partnership work with a range of community-based organisations, as part of our core work to delivery our organisational priority around tackling health inequalities
- Further embedding our involvement with parents and health professionals across all aspects of our work, including through the introduction of a dedicated staff member to work on involvement
- Working closely with neonatal units and health professionals on both the Bliss Baby Charter and the development of family integrated care practice, to put parents at the heart of their babies’ neonatal care
- Undertaking a round of trustee recruitment with a specific focus on increasing the diversity and representation of our Board.
We will start the 23/24 financial year in a strong financial position, and throughout the year will be continuing our long-term planned approach to spending down our excess reserves. Back in April 2020 we were fortunate to receive a very generous £1 million unrestricted donation: this was very early in the Covid-19 pandemic when there was considerable uncertainty over our usual fundraising streams, and it also followed several challenging years financially for Bliss, when our reserves had depleted to below target levels.
Against this internal and external backdrop Bliss’ Trustees took the decision to implement a phased spend-down of this extraordinary donation over a number of years, to provide sustained assurance against a challenging external environment which affects our fundraising – this has shifted from the pandemic through to the cost-ofliving crisis – and has enabled us to continue to build our core services while also investing in different areas of fundraising to diversify our income streams and help deliver financial sustainability over the long-term.
This investment will continue in 23/24 – with a particular focus on investment in trust fundraising to improve our fundraising ratio and long-term stability, as well as in campaigning to maximise our impact, and in user involvement to underpin our focus on tackling health inequalities – this will conclude in 24/25 to spend down our excess reserves in full at the end of our current strategy period.
This phased spend-down has particularly focused on:
- Delivering our mission – maintaining core services through the pandemic, investing in new beneficiary research and clinical research, and improving the measurement of our impact
- Supporting efficiencies in the organisation’s infrastructure – with new digital, data and finance systems, and an office move to a more cost-efficient working location
- Investing in fundraising to improve our long-term growth and sustainability – including work on audience insight and supporter journeys, and investment in trust and foundation fundraising.
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Trustees’ Report for the Year Ended 31 March 2023**
## Thanks and acknowledgements
We would like to extend our thanks to the following organisations who have supported our work this year:
|Adint Charitable Trust|Garfield Weston Foundation|The Christopher Laing Foundation|
|---|---|---|
|Angelcare|Goldman Sachs|The Elsie Lawrence Trust|
|Astra Zeneca|Helianthus Charitable Trust|The Gilbert & Eileen Edgar
Foundation|
|Barratt Developments Plc
Charitable Foundation|Janssen|The Kit Tarka Foundation|
|Boo Hoo|London Bridge City|The Lambs Hill Trust|
|Buxted Construction|Mathias Hieber|The Meikle Foundation|
|Charisnack|Mishcon de Reya LLP|The National Lottery Charity Fund|
|Chiesi Ltd|My First Years|The Ronald Miller Foundation|
|Childbase Partnerships|NHS England|The Russell Trust|
|Countryside Partnerships|Pampers|The Sandra Charitable Trust|
|Danda Charitable Trust|Sainsburys|The Souter Charitable Trust|
|DWT Cargill Fund|Sands|Thomas J Horne Memorial Trust|
|Emile et Rose|Scottish Government Best Start
Programme|Vera Outhwaite Charitable Trust|
|Enterprise Holdings Foundation|Scottish Government Improving
Health & Wellbeing|Vitabiotics|
|Ernst & Young|The Annett Charitable Trust|WaterWipes|
|Fabulosa|The Appletree Trust|Yard B|
|Fundraise Together|The Charity of Stella Symons||
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
**Trustees’ Report for the Year Ended 31 March 2023**
As ever, we are phenomenally grateful to all of Bliss’ incredible supporters who have supported Bliss over the last year, without whom we simply wouldn’t be able to achieve what we do for babies born premature or sick. So many people have walked, run, jogged, skydived, walked their dogs, baked, and undertaken any number of other challenges to raise much-needed funds for Bliss, and their ongoing commitment to supporting our work is truly humbling – thank you.
Through our fundraising, we aim to improve the financial resilience and sustainability of Bliss so that we can help as many of the 90,000 babies who need neonatal care each year as possible. Our supporters are vital to us reaching our goal of helping every single one. Our fundraising approach to achieving this is to ensure:
- Our supporters are at the heart of everything we do
- We listen to our supporters and communicate with them in the most appropriate way
- We protect our supporters’ information and privacy
- We diversify and innovate our fundraising to ensure a sustainable future
- We use data and insight to inform our fundraising planning.
We also pay tribute to our incredible team of Bliss volunteers, whose contribution across many different areas of our work has made such a difference over the last year; whether that was through supporting families, sharing their stories in the media, campaigning, or raising awareness of Bliss. Among these we would like to thank our dedicated Board of volunteer Trustees, who have again gone above and beyond to ensure we are making the biggest difference possible for babies. We would also like to take this opportunity to thank our amazing staff team, each of whom delivers their work with passion and dedication to improving the lives of babies born premature or sick every single day.
Finally, we would like to offer our sincere thanks to the following organisations that have supported our work over the past year, as well as the many hundreds of families, doctors, nurses and other individuals who continue to make such a difference to our work:
Black Mums Upfront British Association of Perinatal Medicine Cultural Intelligence Hub Department of Health and Social Care EFCNI The FINE Faculty Institute of Health Visiting LGBT Mummies National Neonatal Audit Programme National Perinatal Epidemiology Unit Neonatal Data Analysis Unit Neonatal Nurses Association Netmums NHS England NHS Race & Health Observatory NIDCAP Training Centre Pregnancy and Baby Charities Network Royal College of Midwives Royal College of Nursing Royal College of Obstetricians and Gynaecologists Royal College of Paediatrics and Child Health Sands The Kit Tarka Foundation
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Trustees’ Report for the Year Ended 31 March 2023**
The Lullaby Trust The Motherhood Group The Raham Project The Smallest Things TinyLife Together for Short Lives Twins Trust
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
**Trustees’ Report for the Year Ended 31 March 2023**
## Financial Review
At the end of the 22/23 financial period, we are delighted to have progressed with the first year of our new strategy and held our finances on a solid base, ending the year with unrestricted funds carried forward of £831k. Our strong reserves position provides a good level of assurance that the charity can mitigate the risks that we face, and through the provision of regular, detailed financial information to inform effective management of our finances and adapt to the changes in the internal or external environment that may arise. We also have a strong cash position, with cash and investments totalling £944k, and continue to operate without needing to maintain an overdraft facility with our bank.
Notwithstanding our strong overall financial position, just as for many charities 22/23 has been a challenging year in terms of the external economic environment, and this has been felt keenly within fundraising as supporters have felt cost-of-living pressures and our corporate partners are understandably approaching funding considerations with caution and a greater lead time; and we ended the year with an overall fall in income of £102k compared to 21/22. We are pleased however, that despite this backdrop our total income remains solid at £2,288k, with some gains and some losses compared with the previous year.
Unrestricted income is a little lower than the prior year at £2,029k (21/22 £2,052k) with gains in some areas offset by a downturn in others.
22/23 saw a £210k increase in unrestricted income from donations and legacies from £753k to £963k following successful charity of the year partnerships with our corporate supporters, core funding from trust and foundation grants and generous donations from legacies. Donations from individuals via payroll giving schemes and one-off contributions fell during the year with the cost-of-living squeeze.
Unrestricted income from other trading activities, which is our largest fundraising area, has fallen by £240k from £1,262k to £1,022k. Notably within that area money raised through sporting and community activities has fallen by £156k (22/23 916k, 21/22 £1,072k) which largely reflects a reduction in income raised from virtual challenges. The virtual challenges held during the year suffered from cost-of-living pressures, which reduced the ability of participants to fundraise to the same level as the prior year and in quarter 3 was impacted by technical issues with our platform provider which affected many charities running virtual challenges at this time. For Bliss this meant a reduction in the number of participants recruited to our virtual challenges and adversely affected the confidence of our participants’ supporters to donate.
Also, within this area of unrestricted income Bliss Sales trading income has fallen by £85k to £105k (21/22 £190k) as the external economic turbulence created more caution amongst our corporate partners and meant we faced longer lead times to securing corporate partnership agreements. Despite the challenging environment we were delighted to secure £57k of corporate sponsorship income for our Milestone cards, promoting awareness around World Prematurity Day, and webinars to support neonatal healthcare professionals. A further £45k (21/22 £63k) of income was generated from mutually supportive corporate trading agreements.
Our income restricted to specific charitable activities has fallen by £78k in 22/23 (22/23 £259k, 21/22 £337k) and although we have continued to receive significant income to support our work in different areas it is of note that prior year income was particularly boosted by a £150k grant from NHS England for neonatal information and support around RSV. This year over winter 22/23 we were pleased to work again with NHS England and we received a £50k grant to provide information and support around winter illnesses and their impact on neonatal babies.
In 22/23 we have received continued support from the Scottish Government, who have supported our work to drive quality improvement on neonatal units through our Baby Charter audit and accreditation scheme, providing a grant of £44k (21/22: £47k,) as well as a grant of £15k (21/22: £19k) to fund our volunteer, information and support work in Scotland. In addition to this support our Baby Charter accreditation scheme has continued successfully in 22/23 generating an income of £23k (21/22 £10k) from NHS trusts, with many neonatal units advancing their Baby Charter accreditation level during the year.
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
**Trustees’ Report for the Year Ended 31 March 2023**
We continue to partner with research institutions to provide well regarded evidence and support for projects and have earned £59k (21/22 £52k) from this work in 22/23. As part of this area income of £24k was received to support research into the barriers faced and support needed during the neonatal period, and we earned a further £35k to develop parent information resources on parental touch which will sit alongside the findings of the Oxford research project on the measurement and management of pain in premature babies.
The Medical Research Council had issued grant funding to Bliss during the previous financial year, to enable charities to continue to support research institutions with their research programmes, and we continue to hold the £50k grant to allow an additional year of funding in 23/24 for our Oxford Pain research project.
Planned expenditure increased again in 22/23 to £2,519k (21/22 £2,478k) as the Board of Trustees and Senior Management Team continued to make best use of the significant donation received in 20/21. In tandem with our 22-25 strategy our intention for 22/23 was to incur a deficit as we use our funds in the very best way possible, to provide vital services to improve outcomes for babies born premature or sick. During the year we were pleased to complete several planned projects alongside improvements to our core work.
In 22/23 we completed our staff base build ending the year with average FTE of 35 (21/22: 34) with our core services and fundraising teams now fully staffed to support our 3-year strategy.
We invested further in our digital capability providing a personalisation tool for parents and carers to access the most relevant information and support to their needs. We also invested in improvements to our online forms to improve the user experience in terms of accessing information and support and reducing barriers to the fundraising supporter journey.
We invested in a new impact framework which enables us to better measure and monitor the impact that our work has on neonatal outcomes, and we will continue to invest in this area in the coming year with GA4 (Google Analytics 4) dashboard reporting to further support our KPI (key performance indicators) data.
We completed our migration to the Raisers Edge CRM system which will enable us to take advantage of consistent information to support our communications and fundraising work and provides the ability to improve our data integration in the future.
We completed our office move to a smaller serviced office space within the Royal College of Obstetricians & Gynaecologists. We are now benefitting from a modern more cost-effective office solution which supports our agile working practices and enables us to benefit from a shared space with charities supporting the parenthood journey.
Following a period of investment our fundraising ratio in 22/23 has risen to 56p in every £1 raised (21/22 50p in every £1) and this reflects the building blocks put in place during the year, notably our move to an integrated CRM system, digital fundraising improvements and investing in our staff base to support the future income pipeline within the corporate partnerships and trust and foundation areas. Some investment has also been made in our sporting and community activities, in particular the virtual challenges where we have engaged third party support to upskill our team and assist with supporter engagement. Alongside this, however, some technical difficulties in virtual challenges this year meant they significantly under-performed against their income targets, which given their relatively high up-front costs contributed to a further negative effect on our fundraising ratio. We are now budgeting for a downward trajectory in our fundraising ratio over the remainder of our three-year strategic period and beyond, through increasing income in higher return areas such as grant income, as well as driving efficiencies in our digital fundraising.
As a result of the investments above Bliss’ charitable spend as a percentage of total expenditure declined this year, from 52p to 49p in every £1 spent on charitable activities with total charitable activity spend marginally reducing to £1,237k (21/22: £1,291k). Although support costs fell by £36k during the year to £694k this was countered by investment in our fundraising capability against an increasingly challenging fundraising environment, which has particularly affected us as so much of our income has traditionally come through community & events and individual giving activity, from supporters with a personal connection to our cause. However, these are now mature areas of fundraising which are expensive and require a lot of investment to maintain and grow, and which have been particularly challenging post-pandemic and during the cost-of-living
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## **Trustees’ Report for the Year Ended 31 March 2023**
crisis. We feel it has therefore been the right approach to invest in longer-term income streams to balance our ability to provide professional, high quality and safe services and activities, while ensuring the charity remains sustainable in the long-term. The infrastructure improvements formed part of the 22/23 plan and although we will continue to invest in the future, we intend that our charitable spend ratio will improve as we move our focus in 23/24 to develop our service offering focusing on reaching more diverse beneficiaries and seeking to address health inequalities.
Overall, we made a deficit of £243k against a planned deficit of £402k (21/22: deficit of £63k). We had intended the deficit to be larger in 22/23, as we spent down our brought forward reserves, however although our income was below our plan, expenditure was even lower as we mitigated the income shortfall and pushed back some of our investment ambition to 23/24. Given the backdrop of an ongoing external economic challenge throughout 22/23, which was different in nature to the pandemic challenges of the previous years, we are proud to have carefully maintained and grown some areas of income, alongside developing a capability and agility to navigate uncertainty in the future. We are proud to have delivered improvements across all our charitable activities and achieved a lower deficit than planned to ensure we can continue to invest in the future.
Our plans for 23/24 continue in line with our 22-25 strategy, and as ever we will build on the key learnings from the current year. We plan to incur a comparable deficit in 23/24 as we use our knowledge built from the current year to leverage our fundraising capability and channel the use of funds in the very best way possible, to provide vital services to improve outcomes for babies born premature or sick.
## _Bliss Scotland (Charity)_
Bliss Scotland offers a wide range of support and information to Scottish families and neonatal units. This year the cost of Bliss Scotland’s charitable activities was £72k (21/22: £75k), with total expenditure amounting to £87k (21/22: £86k). This was financed through grant income of £65k (21/22: £67k), £14k from trading activities (21/22: £13k), and £2k from donations (21/22: £21k). No donation (21/22: £0k) was made this year from Bliss to Bliss Scotland. As its parent company, Bliss continues to provide administrative, logistical and fundraising support to Bliss Scotland, and a charge for this is made to Bliss Scotland.
## _Bliss Sales_
Bliss Sales Limited is the trading arm of Bliss, selling goods, brand licensing and sponsorship opportunities to individuals and corporate entities. Bliss Sales Limited produced turnover of £105k (21/22: £190k) and a profit on ordinary activities before corporate gift aid of £64k (21/22: £153k). £64k (21/22: £153k) has been gifted to Bliss (Charity) through the corporate Gift Aid scheme.
## _Reporting_
In order to be able to compare our income and expenditure year on year, and to show most clearly how our income and expenditure is generated and spent across the organisation, we use the following four key areas of work throughout our Annual Accounts.
- Supporting parents and carers
- Engaging with neonatal health professionals
- Campaigning for change
- Supporting research
## _Reserves policy and going concern_
Reserves are held to ensure that there remains enough liquidity to pay our staff and suppliers during times when cash flow fluctuates, to cover the value of our illiquid assets, to mitigate the financial risks we face such as unforeseen interruptions to our operations, to cover possible shortfalls in budgeted income, and to ensure that we can meet our planned spending commitments during the years ahead.
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
**Trustees’ Report for the Year Ended 31 March 2023**
Bliss’ Reserves Policy assesses the level of risk inherent within Bliss operations and sets out a calculation for determining the target level of reserves needed to mitigate that risk. This policy enables Bliss to determine whether currently held reserves are significantly above or below that target level. Where reserves vary from the target, plans will be made to bring reserves back in line with the target.
At the end of the 22/23 financial period, we are delighted to have progressed with the first year of our new strategy and held our finances on a solid base, ending the year with unrestricted funds carried forward of £831k. Our steady reserves position provides a good level of assurance that the charity can mitigate the risks that we face, and through the provision of regular, detailed financial information to inform effective management of our finances and adapt to the changes in the internal or external environment that may arise.
As set out on p10, our strong financial position in 22/23 was substantively based on receipt of a major one-off donation in 20/21, following which Trustees and SMT went through a rigorous process to develop a plan to spend down this donation over several years with a multi-year spend down planned in particular given the prevailing external backdrop at the time. Bliss’ historic lack of regular multi-year income means that we start each fundraising year with a low level of pledged support. While we intend to change this situation by investing in areas such as trust fundraising, this takes time. In the meantime, our reliance on annual support means that we can be vulnerable if we do not reach our fundraising targets, and our reserves provides reassurance in the interim period as we invest in these longer-term income streams.
In the short-term, however, this impacts the charity’s reserves position, with free reserves £411k above our target of £397k, together with an impact on our fundraising ratio and charitable spend. The trustees set a free reserves target level to cover 6 months office costs, 2 months staff costs, 3 months other expenditure less 3 months of regular giving donations based on the prior 3 months. The Trustees are comfortable to start the year with this above target level of reserves as additional mitigation against the risks inherent in the external environment, and a full review of the reserves required in line with the reserves policy has been carried out during the 23/24 budget process with appropriate levels of additional activity planned for the 23/24 financial year, to bring the actual level of reserves more in line with our agreed policy, and an intention to fully spend down our excess reserves by the end of our current strategic period in 24/25.
The Trustees have closely reviewed the going concern position prior to signing this report and are of the view that Bliss remains a going concern for the next 12 months, from the date this report was signed; and that there are no material uncertainties related to this.
## _Investment powers and policy_
Bliss’ Investment Policy supports the assessment of appropriate institutions for holding cash, taking into consideration risk, liquidity and our ethical policy.
Most cash balances were held in easily accessible current accounts, or short term (less than 95-day notice) accounts, and £300k invested in a COIF fund. This is shown within current asset investments.
## _Fundraising regulations_
Bliss is registered with the Fundraising Regulator, and all fundraising activities are aligned with the Code of Fundraising Practice to ensure that they are legal, open, honest and respectful. Our values state that in all of our work we aim to be trusted, supportive and ambitious, and these values are enshrined in all fundraising activities and campaigns that the charity undertakes. To reinforce this commitment, Bliss has a number of policies and procedures that underpin its fundraising activities:
- The Bliss Supporter Promise
- Ethical Policy
- Privacy Policy
- Complaints Policy
- Equity, Diversity and Inclusion Policy
- Whistleblowing Policy
17
**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
**Trustees’ Report for the Year Ended 31 March 2023**
## - Safeguarding Policy
On occasion Bliss works with professional fundraisers or commercial participators to raise funds. When doing so, Bliss undertakes a thorough vetting and compliance process to ensure that all relationships and activities align with the relevant laws and regulations, and with the Bliss policies described above. Contracts and data sharing agreements are signed by all parties in line with current data protection legislation, and strict account management and monitoring processes are in place for all such relationships.
Any individual undertaking to fundraise on behalf of Bliss is given clear guidance on how to fundraise within the law to adhere to the Code of Fundraising Practice, and fundraising activities carried out on behalf of Bliss by third parties are regularly reviewed through dedicated account management, regular communications with supporters and monitoring of social media activity.
Bliss takes all complaints about its fundraising activities very seriously. A clear process for submitting complaints is displayed on our website, and all complaints are centrally stored and reviewed regularly throughout the year by the senior management team. A summary of all complaints received is also discussed and reviewed annually at the Board. In the 2022-23 financial year, Bliss received 32 complaints in relation to its fundraising activities, all of which were responded to and resolved to the satisfaction of the complainants.
Many donors and supporters of Bliss have a strong personal connection to neonatal care that may have come from a difficult personal experience, and as such all employees and third-party fundraisers are trained in how to deal with potentially vulnerable supporters. The Bliss Safeguarding Policy outlines the steps needed to report any safeguarding concerns should they arise.
## _Pay policy for senior staff_
The directors consider the Board of Directors, who are the charity’s Trustees, and the senior management team, to comprise the key management personnel of the charity. They are charged with directing, controlling, running and operating the charity on a day-to-day basis.
The Trustees are not remunerated. The pay of the SMT is benchmarked against pay of similar positions in charities of a similar size and is reviewed bi-annually. The pay policy for senior staff is in line with the pay policy applied to Bliss’ staff, and for the Chief Executive is administered by the Nominations Committee of the Board (comprising the Chair, Vice-Chair and one other Trustee), in consultation with the Treasurer.
## _Related parties_
Details of related party transactions are in note 20.
## _Disclosure of information to auditors_
Each Trustee has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information.
## _Auditors_
In accordance with section 485 of the Companies Act 2006, Sayer Vincent LLP were appointed as auditors of the company in 2017 and have continued to be appointed for the year ended 31 March 2023.
On behalf of the Board of Trustees.
_Jason Parker_
Chair of Trustees Date: 13 October 2023
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
**Trustees’ Report for the Year Ended 31 March 2023**
The Trustees, who are also the directors of Bliss for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and group and of the incoming resources and application of resources, including the income and expenditure, of the charitable company and group for that year.
In preparing these accounts, the Trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- There is no relevant audit information of which the charitable company’s auditor is unaware
- The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 March 2023 was 11 (21/22: 11). The Trustees are members of the charitable company but this entitles them only to voting rights. The Trustees have no beneficial interest in the charitable company.
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
Independent auditor’s report to the members of Bliss – The National Charity for the Newborn
## Opinion
We have audited the financial statements of Bliss – The National Charity for the Newborn (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 March 2023 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets, the consolidated statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
## In our opinion, the financial statements:
- Give a true and fair view of the state of the group’s and of the parent charitable company’s affairs as at 31 March 2023 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended
- Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
- Have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the group financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Bliss – The National Charity for the Newborn 's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other Information**
The other information comprises the information included in the trustees’ annual report, other than the group financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the group financial statements does not cover the other information, and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the group financial statements or our knowledge
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
Independent auditor’s report to the members of Bliss – The National Charity for the Newborn
obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the group financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- The information given in the trustees’ annual report for the financial year for which the financial statements are prepared is consistent with the financial statements
- The trustees’ annual report has been prepared in accordance with applicable legal requirements
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion:
- Adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or
- The parent charitable company financial statements are not in agreement with the accounting records and returns; or
- Certain disclosures of trustees’ remuneration specified by law are not made; or
- We have not received all the information and explanations we require for our audit; or
- The trustees were not entitled to prepare the financial statements in accordance with the small
- companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ annual report and from the requirement to prepare a strategic report.
## **Responsibilities of trustees**
As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group’s and the parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
We have been appointed auditor under the Companies Act 2006 and section 151 of the Charites Act 2011 and report in accordance with those Acts.
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**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
## Independent auditor’s report to the members of Bliss – The National Charity for the Newborn
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.
## Capability of the audit in detecting irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:
- We enquired of management, which included obtaining and reviewing supporting documentation, concerning the group’s policies and procedures relating to:
- Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- We inspected the minutes of meetings of those charged with governance.
- We obtained an understanding of the legal and regulatory framework that the group operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the group from our professional and sector experience.
- We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
- We reviewed any reports made to regulators.
- We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
- We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
- In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
22
**Bliss – The National Charity for the Newborn (A Company Limited by Guarantee)**
Independent auditor’s report to the members of Bliss – The National Charity for the Newborn
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities _._ This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Judith Miller (Senior statutory auditor) Date : 1 November 2023
for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL
Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006
23
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Group Consolidated Statement of Financial Aetiviti•s, including Ineomè and Expenditur• Aecouni
For the year ended 31 March 2023
Unr8strictsd
funds
R8stric
Funds
Total
2028
Total
2022
Natos
Incarn&
Donalions and 18gaci@s
3,077
963,077
752,981
guwrting par8nts acrerS
En9agirywith rn80Trat h8alth prof8s8ionals
guppDrting r8s@arch
Olh@rtradiry activiti88
Inv8s1rn8nt Irwm8
155,164
155,164
58,L
2S8,972
56,794
23,770
57,874
1,021,572
12,255
68,491
1,262,386
9,845
12,255
Totsl incorn&
2,,1L
258,842
2,287,950
2,389,469
ExpBnditur
Costs of raisiry
1,282,1S6
1,282,156
SUrtIng pat8nts arerS
En9agirywith n80Trat h8alth prof8s8ionals
Campaigningforchang@
guwrting r8S@arch
383,505
815,469
241,949
59,883
155,164
531669
360,707
241,9
95,823
6SO,943
317,42S
256,091
86,442
Totsl 8xp@itur
2,283,962
255,942
2,519,304
2,478,284
Net CL¥e} l•xp8nditur81 b8for8trans18rs
f25I8541
23,SOD
188.8151
N8t gains/lloss8sI Dn InV88tménts
Transf8ts b81w88n funds
25,390
Net incorn81 l•xp8nditurel lorth&y8arand n8t
rnowm8rrt in fu5
[256,7841
23,SOD
1243,2841
163.4251
Fund balanc85 broughtforyrard
Fund balanc85 carri8dforYrard
1,097,$69
1,147,569
904,285
18
73,500
Th8 slat8m@ntDtfinancial activit188 InCI8S and Ios888 r8cognis8dduriry lh8 y8ar All Incotrh8 and 8ynditur8 d@riv8 tromcontinuing aBtiviti88
24
Bliss- The National Charity for the Newborn
IA Company Limiled by Guaranleel
Balance Sheets
As at 31 March 2023
Carnpanyno.
02609219
Qraup
2023
Charity
2028
2022
2022
Natos
Taryibl@ ass@ts
Inv8slrn8nts
22,777
22,777
12
22,777
22,778
Currant
D8blots
CtaSS8t IllV88tm@nt
ShDrt I@ThThd8IS
cash at bartla In hand
14
15
217,8
306,345
101,476
$36,676
1,162,297
281.672
31B.275
$00.012
485.972
1.$85.931
200,403
306,945
101,476
533,925
270,047
318,275
300,012
482,173
1,370,507
Cr•ditLYS,'4mDuntsfalling dub within Dn8 ygar
16
80,7891
1295,52S
1271,3541
NetCLrr8ntass8ts
881,5L
1.090.40B
870,795
TDtal as8•ts 1855 currgrrt l1th1its
4,285
1.147.569
893,573
Funds
8StriBt8d fu8
UnsInctd
G@n8ral
TDtaIfLdS
18
73,5LII
So.0
73,5
50,000
1.097.569
1.147.569
820 073
893,573
4,285
Th8 tS188& ha pr8par8d gfDupaccounts in accordanc8 with s8Ction S98 Dtth8 Cotryani88Acl 2006 s8Ction 1S8otth@ Chariti@s Act2011.
Th8 accounls w8r8 approv8d byth8 BDard ofTrust888Dn'
Trust88'. Ja50n Park•r
Dal8-. 13 Octob@r2023
25
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranleel
Statement of Cash Flows
For the year ended 31 March 2023
2023
2022
Natos
Cash g•nBratsdfrDml rUd inl Dprating aCtrt5
21
1141,2521
Cashflows from inwstmBnt actiwti8s
12,255
9.845
Purchas@of curr@nt ass@t InV8s1rn8nt
Purchas@of laryibl@fix8dass8ts
{10.041)
Cash prodd byllus8d inl ItIng acti*185
16,5701
Cash us8d in linancing actwit5
Inc¥S8 Ilthcr•as81 Incash cash 8quiYants
during th8 year
199.297}
Cash cash 8quiva18nts al th@ b8ginnin9 ofth8 y8ar
Cashand cash•quwal8nts atlh88nd of Ihg y8ar
785,984
638,152
885.2SY
Cashand cash•quwal8nts consist of..
Cash at bank In hand
Short 181rn d8posiIs
$36,676
485.972
500.012
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranleel
Notes to the Accounts
For the year ended 31 March 2023
Accounting Polic5
Th8 Important InfoThThaliDn. pri1P 5Counting wlici88 athp18d, judg8m@nts and 8stimaln and unc8rtainty in th8 pr8paration of th8 finaTr
stat@m8nts ar8 asfollows
1.1 Statutory inforrnation
Bliss. th8 Nalional Charity forth8 N8wbom Is a charitab18 company Iimitsd byguarants8 18 Incotporat8d in Eryland and Wa188 Th8 r8gi8t8r8dDthc8 athr8SS
18 10-18 Union Str88t. LOD SEI 1SZ
1.2 Basis ol preparation
Th8 finala1 stat8rn8nts have b88n pr8pa18d In accordanc8 wilh Accounlin9 and R8portln9 by Chanti8s-. Slat8m@nt of R8COrnm8nd8d Piactic@ ap1£able to
chariti@s pr8parin9 th8ir accounls In aC£Ordan 1h th8 Finala1 Repolling staraid applicabl8 Ill th8 UK and Républic of Ir81ar IF5 1021- IChant188 sOP
FRS 1021. Th8 Finarri EportIng Standardapplicab18 Inth8 UK and R8public ol Ir@land IFRS 1021 and th8 Cotnpani8s Acl 20061Chariti@s Act2011
Th8 accoun18 ar8 pr8par8d in st8rlin9. which 18 th8 functional curr8w of Ih@ chaY MDn@tsry amunls In th8s@ finala1 8tst8trh88 ar@ round8d to th8 n8ar8St
Ass8ts and Iiabiliti88ar8 Inltially r8cognis8d al historic cD8tDrtran8actionvalu8 un18SS oth8ls8 slat8d in Ih@ relaTrt accounting policy ornots.
In applyiry th8 linancial r8POrtln9 frarnDrk. lh8 trust888 hav8 mad8 a numb8r DI subi8ctiv8 iudg8rn@nts, tor Yrn8 In r8SP8Ct of significant accountlng
@slimat8s Estimatss iudg8trh8nts ar8 Continually 8valual8d and ar8 bas8d Dn historical 8XP8r18llC8 oth8r taclots. IncI1n9 8hP8Ctalions of lUr8 8V8nts
that ar8 b8118v8d to b8 r8asonab18 r th8 circumstanc88 Th8 natur8 ol lh8 8slimatlOn m8ans th8 actual oulc0rn8s could diff8r from thD88 88timal@s. Any
significant8Stitrhat8s and iudg8rn8nts aM8clin9 th8S@finanBial stat@m8nts ar@d8lail8d within th8 r818vant accountln9 policy b810w.
1.3 PL1>1 bon1* gntity
Th8 chantabl@company rn8818th8 d8finitlOn Dtapublic b 8lltity und8r FRg 102.
1.4 Pr8paration of Ih8accounts on a going concern basis
Aft8rr8V18win9 th8 9roup'sfor8castsand proi8Btions th8 Tru8t88s hav8 a r8asonab18 8XP8clationthatth8 group has ad8qUat8 SOurC8S loc018 in op8ratiDn
exist@efDrth8 fores88*8 fre. Th8 grow Ih@r@for8 continu88tD adDPtth8 going Co@M basis In pr8parin9 Ils consolidat8d fina1 8ta18m8nl8.
1 Group financial stat•mBnts
girnan ptOC8ss8s A $8paiat8 Stat@m8llt ol Finala1 Activities and IncDm@ and EYpeitre Account for th8 chaiity has not b88n pr8s@nt8d b8caus8 th8
charity hastak8n athantag8 ofth8 8X8trWIDn afford8dbys8cIIDn 40B ofth8 Compani@s Act2006
1.6 Incorn&
Incotrh8 18 r8cognis8d wh@n Ih@tharily has 81t18M8ntto th8 fu8, wh8n any wrtoThrhanc8 condi1S attach8d to It8ms of I08 b88n m@t and wh8r8 it
i8probzbl@thal incDm@will b@ r1v8d5d Qualfid with r8asonab18 accuracy.
Granls r8C8ivabl8 In r8SP8Ct of exwlture char98d to th8 Stat@m8nt of Finarrial Activi1188 durin9 th8 y8ar hav8 b88n Indud8d In lh8 Stat8trh8nt Dt FinaTr
Activiti@s IncDrn@ trom gov8rnm8nl and oth@r 9rants. wh8th8r'capital' or r8V8nU8' 9rants. Is r8BO9nis8d wh8n th8 chanty has 8ntit18m8llt lo th8 funds. Wh8r8
condiliDnS lo r8c8iving th8 grant n88dtD b8 m@t, I08 18 r8cognis8dwh8r8 il 18 prDbzb18that Itwill b8 r8c8iV8d m@a8ur8dwith r8asDnabl@ accuracy
For18gac18S, @ntiti@m8llt Is tak@n as th8 8artl8r of th8 dat8 on which 8lth8r th8 charity Is awar@ that probat@ has b88n granléd. th8 8Stat@ has b88n thnalis8d ar
otificaliDn has b88n mad8 by th8 8X8CDr& that a distrib10 will b8 mad@, or wh8n distribution is r8c@IV8d IrDrn th8 8Stat8 R8C81Pt of a 18gacy, In whol@ or in
part, Is only consid8r8d probabl@ wh8n th8 amount can b8 m8asur8d r811aY and Ih@ chaY has b88ll llOtifi8d of lh8 8X8culots' Int8nlion lo mak8 a distriblOn.
Wh8r8 18gaci@s hav8 b88n notifiéd to th8 charity or th8 tharily Is awar8 of th8 9ranlin9 of prabal@ th8 cri18na lor I08 r8CO9nilion hav8 not b88n rn@t. th8
18gaW 18tr@at8da8a col8ta5s8t5d disclos8d If
1.7 Donat8d sorco5
Donat8d prol@ssional s81C8S ar8 r8cognis8d wh8ll th8 S8tVlC8 Is giv8n and 18 valu8d as 81th8r Ih@ 8cDnomic of Ih@ S1c8 to lh8 charity or lh8 Costto th8
thnDr.
1 Inv8stm8nts
Fixéd ass@t Itr18 r8pr8S8nl th8 Itr81 h@Id In th8 subsidiary CDrnpany Bliss Sa188 Limit8d by lh8 Charity- AS th8s8 8har88 ar8 unlist8d, th8 tru8t88S
consid8rth8 apprDwal@ matk8t valu8 ofth8 Inv8Stm8nl to b8 th8 8quival8nl toth8 origin CD8t.
Cutr8nl as88t IllV8s1rn8nts ar@ statsd at matk81 valu8. Unr8alis8d gains and Ioss8s on th@ maluation at th8 banc8 8h88t dat8 ar8 InBlud8d In th8 Stat8M8 of
27
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts (Continued)
For the year ended 31 March 2023
1.9 Cashand cash•quwal8nts
Cash cash 8quiva18llts IlUd8 cash In hand, d8posit8 h8ld ak call with banks. oth8r 8hDrt.t8rm liquid iThv@sltrh8nl8 with Driginal malunt188 of Ihr88 months or
1888 Shortt8rm d8pD81ts ar@ h8ld In an in18r8sI b8ariry 95 day accountwith Uoyds. Cash at bank 18 h8ld In a sin85S accDUntat LIDyd8 Bartt PLC
Th8 tharily has 818ctsd to 4yly th8 provIonS of S8Btion 11 'Basic Financial Instrum8nts' and Sécl 12'0th8T Financial InStMnIS Is8u88' of FRS 102to all of
Financial Instruments ar@ r8cagnis8d Inth8 chariws balaTr sh88t wh@nth8 charityb8cDm@s paty toth8 Colltraclual provisions ofth8 InStrum8llt
Financial ass8ts and lialitIeS ar@ off88t. wilh th@ n8t a[unIS pr888nt8d In th8 financial stat@m8nts. wh@n th8r8 Is a 189ally 8ntorc8ab18 nghl ko s8k off th8
Basic financial assets, which IlUde débtots ar cash and bank balans. ar8 Initially rn8asur8d at Iransaction pric8 IlUdIng Iransaction cosls ar ar8
subs8qU@ntly catri8d at arnortiséd cost usiry th8 8ff8ctlV8 Int&St rn@thod unless th8 a9ment Constit8 a Iinanciry transaction. wh8r8 th8 transaclion Is
trh8asur8d at th8 pr8s8nt yU8 01 th8 fulur8 r8C81Pt8 discount8d at a rna8t ra18 of Int8r8St. ass8ts clas8ifi8d as r8C8ivab18 within y8ar ar8 t
amortiséd.
wh@r@ th@ débt Inslrum@nt IS rn8asur8d at th8 PSent valu8 of th8 fUre f8C81Pls discountsd at a mark@t rat8 of Int&St Financial Iiabilili88 classrfi8d as payabl8
Ihin ar8 nOtamorbs8d
Débt Inst18 ar8 subs8qU@ntly carriéd atamolli88d CD8t. u8ingth8 8ff8Ctiv@ Int&St rat8 rn8thDd
Trad@ cr8ditors ar@ Dbligations to pay for goads or seICe& thal have b88n acquir8d in th8 ordinary CDUTS@ Dt OP8rations trom SUP1r8 Amou8 payabl@ ar8
attransactionpric8 sths8qu8lltly rn@asur8d al amollis8d cost using th8 8ff8ctlV8 in1@s1 rn8lhod
1.11 Pro51nS
Prowsions ar8 r8cognis8d wh@n th@ charity has a189al Dr conslrwtlV8 pr888nt obligaliDn as a r88uItDt a past @Trt. il Is probabl@ that th8 charitywill b8 r8quir8d
to s8tt18 Ihat D19all0 ar a r@liabl8 8Stima18 can b8 mad@ of Ih@ arnount of th8 obligation Th8 amDUllt r8cagnis8d as a provision is th8 b8St 8Stimat@ of th8
consid8raliDn r8quir8dtD $8lli8 th8 pr888nl abli9ation al th8 r8ponin9 @nd dat8. n9 inlo aBcountth8 rIskSar unC8n118 sumunding th8 abligation.
Wh8r8 th8 8tt8cl of th@ titTh8 valu@ of Is mat8rial, th8 amount 8xwctsd to b8 r8quir8d to s8tt18 th8 19ation Is r8CDgnis8d al pr888nl valu@ Wh8n
Provi0 In m8asur8d at pr888nl valu8 th@ unwinding ofth8 discount Is r8cognis8d a8afinanc8 Cost In n8t Irm81(8XItUr&l In th8 P8llDd Il ari888
1.12 Tangibl8 lix8dass8tsand thpreciation
Tangibl@ IIx8d assets costing mor@than 5 ar8 CaPltalis8d and InBlud8d at cD8t. D8pr8ciation 18 prDvid8d Dn all tangl8 fiH8d a8s@t8 al rat88 calculatéd to writ8
off th8 Cost. 18SS 8Stirnat8d sIdUal vu8 of 8ach as88t OV8ritS 8YWt8d us8lul lif8. as follows
Iitlin98
OV8r 3 y8ais
Offic8 aComputer8quiPrn
DV8r 3-5 y8at8
L8as8hold prop8tty
1.13 Fund4ccounting
Unr8slrictsd lunds ar8 availabl@for us8 atth8 discr81ion ofth8 tS18&S in th@furth8ranc8 ofth8 98n8ral D8ctIVeS ofth8 chanty
D@Signat8d funds ar8 unr8Strict8d lunds. which ar@ r8S8tV8d for a sp8cihc pu8 availab18 fDf us8 at th@ discr@tion of th8 trust888 in th8 furth8ranc8 of th8
g8n8ral 08Cti ofth8 chanty
Th8 Pu0&8 and us@Dtr8Stricl8dfunds ar8 impDs8d by thnDT8orbyswhBt8rm8Dtchantyapp8als.
1.14 ExpBnditur
ExpeitUre Is r8CD9lli88d onc8 Ih@r@ Is le9 or cOnStclrJe D19a110S to trhak8 paym8llt to a Ihird pany. It Is probabl8 Ihat s@ttl@m8llt will b8 r8quir8d th8
amounl of th8 obligation can b8 m@asur8d r@liably. Eup8nditur@ Is classif18d as 81th8r th8 costs of raisiry funds. charitab18 8hP8ndilur8 or oth@r exwlture that
nDI fall Into th8 Iirsl two cat8gori@s.
Itr8CDV8rabl8 VAT 18charg8d as acosl againstth8 aclriity torwhich lh8 8xp8nditur8 was InCud
1.15 $Wrta guv8rnanc8costS
Supportcosts ar@costs thal assistth8 Worttof th8 charity notdir8Ctly und8rtak8 Its a1VIll GDV8rnanc8 CDSt8 ar8 cosls dir8Ctly attrIba8 tD th8 running
ofth8 BDard Both th888 costs hav@b88n allacat8d b@tW88ll th8 CD8t Dt819 funds andcharilabl@ activit18son lh8 basis ofth8 Statttitrh8 SP8llton 8ach aclriity.
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts (Continued)
For the year ended 31 March 2023
1.16 OpBrating
@ntals r op8ratiry18a888 ar8 charg8dtD Stat8m@ntDt Financial Activi1188 as Iurr8d.
1.17 Tax status
Th8 COtTrpany Isa r8918t8r8d charityand 18 t 8ubi8Ctto cotporationtaK
1.18 Valu8 AdthdT4x
Th8 chanty Is r8918tsr8d und@r a partial 8X@mption sch8m@ fDr VAT and as wth many oth8r tharili8s. Is unab18 to r8CDV8r mosl of th8 VAT charg8d on Its
1.19 nSIOn sch8
Th8 charitabl8 compaw op8rat88 a d81in8d conlnbulion p8nsion sch8m8. Th8 ass@ts of Ih@ sch8m@ ar@ h@Id s8parat8ly Irom th088 of lh8 charitabl8 cornpany In
an 1r8pr8tlY adrninist8r8d fur. Th8 P8nsion cost charg8 r8pse ContriblOn payabl@ und8r Ih@ by th8 chantab18 company to th8 fund Th8
charita8 CDrnpany has nD lialIty und8rth8 8th8m8 Oth8r Ihan fDrth8 Paym8nl ofthos8 conthbu1s. NocOntribl0Trs w8r8DMn9 atth8 balanB8 8h881 daté.
1.20 Grantgiwng policy
Th8 charily accasionally prowd@s grants tor proi8cts thal hav8 th@ pOtela1 lo ImprDv8 0COm8s tor pr8matur8 and sick bab18s. Grants ar@ r8cognis8d in
accordanc8 1h th8 applica8 accDunlin9 slandard.
1.21 Volunts8rs
Th8 assIstar r8lv8dfrorn volu8rS has notb88n fIna1lY r8cognis8d
Donations and 9cloS
2023
2022
Unr8strictsd
92,850
284,829
20,181
882,231
158,1
39.102
121.687
6.244
376.087
coOral8 fu1
Dona18d pro18ssional Se1c@S
L8gac18S
29.761
752.981
953,077
Donat8d prof8ssional s@PllC8s of E20,181 12022 £6.2441 r81at8StD pro-nD 189al worttcatriéd outon b@half DI Blissby MishcDn d8 R8ya LLF ar pro-bo
d8si9n woth catri8d outon b@half ol Blissbyyard Bwhich ar8 r8COgnis8d wh8ll th8 $8MC8 Isgiv8n ar ar8 VU8d as 8lth8r lh8 8conornic b8ll@fitof lh@s@IC8tD
th@tharily orth@costto lh8 dDnOr.
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts (Continued)
For the year ended 31 March 2023
Incorn&frarn charitabl84ctiwti8s
2023
2022
H8strict8d
SuppDrting par8nts and carers
Gov@mrn8nl grants
Oth8r 9ranls
65,0
90,1fA
155,1&1
168.552
70.420
256.972
Engaging with n8onatal hBallh prolgssionals
Gov@mtrh8nl grants
oth8rgranl8
44,238
44,238
SuppDrtirrfJ r8s8arch
oth8r granls
5Y.6SY
5Y.6SY
59,440
Unr8strictsd
Engaging with n8Dnatal hBalth prulgssionals
Acu8ditation F88s and r8imburs8m8nts
23,770
23,770
10.040
10.040
SuppDrting r8s8arch
R8s8arching InnovaliDn
16.810
16.810
Totsl
291,046
564.257
@sthct8d inBom8 from charitsbl8 aclriiti8s r8pr8S8lltS grants r8C8IV8d tromgOV8rnm@nt and tsIst0 futh8r Bliss, charitab18 obi8clri88. plus r8slrictsd grants or
thnalionsfrDrn COtporat8 partn8rs
Unr8Strict8d incorn@from chanta8 activiti@s r8pse accr8ditalion f88sforparbcipaliDn in ourBliss Baby Chart8rsch8trh8.
any 188s char98dforh8althprof8ssional trainin9 8V8nts, a8w811 asf88s charg8d In tradiry r81ationships forth8 provision of r888arChsuOrt.
30
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts (Continued)
For the year ended 31 March 2023
Incarn&frarn athBrtr4ding aCtitio5
2023
2022
Unr8strictsd
Mon8y raiséd srtIng and communityaBtiviti88
I08 Iromtrading acliviti8s- Room R@ntal
915,505
1.071.
825
189.732
1.262.$86
105,242
1,21,5T
Net CL¥nO} l•xp8nditurel lorth&y8ar
2023
2022
Net incorn81 l•xp8nditur81 lorlh8 y8ar is statgd aft8rcharging'.
Owrating18as8- lar buildirys
Alt0[&. r8mun@ration- alt
D8pr8ciation ol fiK8d as88ts
14,7
1S.375
65.234
Costsof raising lunds
2023
2022
Unr8strictsd
S88king donations, granls and18gac188
staging SPDrting and communityactivit188
871,795
573,096
34,SW2
34S.446
4BO.244
35.547
92.230
235.918
1.187.385
Supportcosls-Dlh@r (nots 8
1,282,1
charit4bl&actwits
Analysi8 of •xp8nditurean charitable4ctiwti8s byfund
Unr8strictsd
2023
R8stric
2023
Total
2023
Supporting par8nls andcar@rs
383,$05
815,469
241,949
155,164
531669
360,707
241,9
Campaigning fDr chary8
Supporting searCh
TDtal
1,W1,8L
255,942
1,237,148
Analysis of 88nd11ur8 ontharilab18 activit188 byfund priory8ar
2022
2022
2022
Supporting par8nls andcar@rs
38B.998
270.669
256.091
84.761
1.0.519
241.945
46.754
630.943
317.423
256.091
86.442
1.290.899
Campaigning for chan98
Supporting searCh
Total
1.681
290.380
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts (Continued)
For the year ended 31 March 2023
Analysi8 of •xp8nditurean charitable4ctiwti8s
Total
2023
2022
SurtIng pargrrts and carers
Slaff costs
Dir8Ct costs
guwrtcosts
839,102
69,997
294.88B
205.450
130.605
630.943
Engaging with neonatal hBalth pr0l8ssiDls
Slaff costs
Dir8Ct costs
Surt£0stS
258,or2
17,874
209.482
14.441
9S.500
317.423
Cawigning forchang
Slaff costs
175,379
5,907
166.782
sUprt(os*s
78.89B
256.092
241,949
Suw>llrting searCh
giaff costs
Dir8Ct costs
R8S8arth Grant
suprtc0s
18.649
SO.0
6.378
86.441
25,0
Totsl
1,257,148
1.290.899
award8d for a Ih188-y8ai p8riad. with a slall dat8 of 1 Octob@r2019. and a 9ranl valu8 of £I46k{rth& lull t8rm ofth8 grant. Aft8r an initial paym8lltof £25k I
19120. du8 toth8 to r8balanc8 Bliss, finarrial position Ih@t8rmsw818 am8nd8d to awaid £25k only In 2W21 Folli)win9 SUCC8ssful grant r8porfs. afurth8r
£50kwasth8n award8d In 21122 and afurth8r £25k In th8 22123 linancial ar In spct0f Ihis Inilial 9iantaward. No comrnitm8nl was confiirnéd lorfutur@y@ars.
so noaddilional liability has b88n r8CO9ni88d atth8 balan sh881 dat8. Follo9 r8c81Ptof award of £5ak trom Mc to Bliss durin9 th8 21i22 financial y8ar.
Bliss has also a9r88d thal follorn9 ass8SSm8lltof rfoanCe atth8 8nd ol th@ Inilial 9rantP8riod in F8bary 2023. a 9rant award will b8 mad@for a futh@r
£50k In th8 23i24 finala1 y8ar. If It Is satisf18d th@ n8c8ssary oulcotrh8s hav8 b88n achid. Thisfinal £50k Iifawardédl will ulilis8 th@ r8Strict8d r8S8tV8S
accumulaléd In21f22.
SwrtCD5ts
Costsof
raisiry funds
Charitabl
Activit5
2023
2022
Stattcosls
D8pr8ciation
T818phDn8 IT costs
Alt and oth8rprof8sslDn t888
Trust88 Expen
ON9 renl. latesar 88MC8 chaTg
102,531
22,880
$0,663
20S,L2
53,209
128,869
19,687
1,525
156,634
44,373
30,$29
78,2L
11,222
65.234
118.845
656
67,353
19,043
31,142
764
89,281
25,390
53,918
26.4BO
15S.794
01h8rsurtcOsts
391,686
694,419
730.371
Supportcosls ar8 allocalédto th8 pallicularactivity wh8r8 lh8 cosl r81atss dir8cllytD that aclivily. How8V8r. Ih@costof ov@rall dir8Ction and administration of 8ach
aclriity. CDmprisiry lh8 Sary and 0ad cD8t8of Ih@c@ntral function, Is appolliDn8dDn Ih@ basis of 88timal8d 8tatttim8 athbulab18to @aBhaBtivity-
Trust885
Notrust88sor any p8tSDnSCOnn8Ct8d wilh th8m r8C8r18d any r8mUn8ration during th8y8ar12022.- Enill
4trusl88s r8c81V8d r8irnburs8m8nls DI trav8111ry 88&&t01alliry £1,52512022 5trust888 re1v8d£764l
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts (Continued)
For the year ended 31 March 2023
10 and 8Woyrn8nt costs
NurnbBruf 8rnploy885
Th8 ara98 nurnb8rof8mploy88s durin9 th8 y8ar was 4212022." 39
Th8 8ra98 numb8roffull-tim8 8quival@nt 8rnpIoy888during th8 y8arwds'
2023
2022
Supporbng par8nls and car@rs
En9aging with n8onatal h1h prof85s8
Campaigning forchan98
Supportrn9 s8arch
Fundraisi
Adrninistration and CEO
Scotland
10.9
34.9
EWuyrn8nt custs
2023
2022
Wa98s and salari8S
8dUdaY and t8rminaho
Social 58curity Costs
P8nsioncontr1bion8
1,242,097
1.061.666
125,444
98.57B
58.823
.219.7
1,428,212
On8 &0y8 8arn8d b8tW88n E80,OOO3r £89.99912022". on88mploy88 b81w88n t70.0 and £79.9991. No Dlh8r@mplDy88 @arn8d in 8S Of£60.0.
Th8 Charity's Irust888 ar8 not pd nor r8c81V8d aThy oth8r b@n8fitsfrom 8mpIoym8nl with th8 Charity Dr Itssubsidiari@s during th8 y8arl2022.- £nill
Th8 tDlal 8mploy88 b8ll@fits of th@ k8y manag8trh8nt P8rsonn81 a[nt8d lo E263.073 in pay and P8llSIDn COntritIOns{2022 E248.6571 and £SO.B90was paid in
@mploy8rfs national Insuranc8 COlltributions12022-. £27.6991
dUraY and t8rminalion paym8llts ar8 r8cognis8d In full th@ t8rmination of 8mpIDym8llt 0 8mpIoy888 r8c8iv8d paym88 Dt this ki dunry th8 y8ar
A 8tsftuntak@n l@av8 acctual has not b88n I18d as b81n9 imma18nal.
Tangibl8 lix8dass8ts
roup and Charitv
L8as8hold
prop8rty
Olfic8
Equipm8nt
Coryutgr
EquipmBnt
Totsl
Cost
At l Apnl 2022
160,195
10,008
141819
8,817
89,565
67,571
3388
18025
263,307
89,086
18
At 31 March 2QZJ
iO,W8
1)epcIatiOn
140,5
19,642
24,018
276,407
53W9
Charg8 lorth8 Y8aT
32,531
18
At 31 March 20ZJ
51802
66,309
Net va¥t 31 March 20f6
10,W8
12,769
22,777
N@t Bookvu8 at Sl March2022
19.641
1.036
36.4B4
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts (Continued)
For the year ended 31 March 2023
12
Fix8d Inv8slrn8nts
Inv8strn8ntin
su1ssKIry
Charity
Costat l April 2022 and $1 March 2023
Asat Sl March2023
Holdings of mor8 than 20Y.
Th8 chantabl@company CDnlrDl8 mor8 than 2ts0f th@fDIIowl 8nli1188-.
C0rnpanysubsryUndortak1nY5
County of gIstrat ar
incorporation
Class
Shargs h8ld
eontr
Bli88 s8S mil8d
Engla and Wal8S
ordinary £1
WA
lo.
lo.
NIA
Th8 Wlp1 aclriity DI Bliss sal@s Limit8d is tradiry op8rations that 8har th8 obi8CtIV8S Dt Bliss. All activiti@s hav8 b88n consolidat8d on a Iin@ by
Bliss Scotland Ichantyl Limi18d Is acompany Iimitsd by guarant88 In Scotland a r89lSt8r8d charity In Scotla. Its w1paI activity Is to catry out Bliss. rns
obi8cliv8s In Scotland. Control Is @X8rcis8d Ihrou9h th8 Chair and Tr@asur8rof Bliss Scolland Icharityl MilEd 0 b@Ing Trusts8sof Bliss 1 activi1188 hav8
b88n CDnsolidat8don alin8 by lin8 basis In th8 8ta18m8nl Offinala1 activit18S.
ThB r8sutts of Bliss Sa Lirnitgd la CLYnpany 9151r0d in Engla anwaS, CLYnpsnynUrnb8r03602721lfortherOnthd 31 March 2022 w8r8 as
2023
2022
Tumovgr
Costof sal@s
ross profit
Adrninistratlon 8588
OpBrating profit
105,242
1B9.732
105,242
189.732
S6 365
64,442
164,4421
15S.$67
CoratIOn l&
Profitl 1105slforthB year
ThB aggr8gats of th84ss8ts, 1ithlits and lunds was..
Ass8ts
72,127
(72,1261
Funds
At lh8 balanc8 8h881 da18 £53.274 was ow8d by Bliss s8S LtdtD Bli8812022 E44.302 wa8ow8d by Blis8tD Bli88 Ltd)
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts Icontinugdl
As at 31 March 2023
13
Fix8d Jss8t Inv8slrn8nts IcontinuBdl
ThB r8suIts of Bliss SCOand Icharityl Limthd la Eowny limit•d by guarants8y r89i8tsr8d in Scotland, carnpanynurnbBrSC8655574nd a r•g1St8r8d
charity in ScotlandTr registration number SC0408781 lorth8 y8ar8nd8d 31 March 2023w8r8 as lollows..
Unr8strictsd
funds
R8stric
Funds
Total
2023
Totsl
3022
Natos
Incorn&
Donations
21.242
SuppDrting pa18nts acarerS
EngaglWIth rn80Trat h8alth prof8s8ionals
Campaigningforchan98
SuppDrting r8s@arch
21,WD
21,ODQ
41238
21.OYB
46.754
13,795
13,795
Total incom
Y02.Y45
ExpBnditur
Costs of raisi lunds
14,420
11420
11.460
SuppDrting pa18nts acarerS
Enga9lngWlth n80natal h8alth prof8s8ionals
Campaigningforchang8
guwrting r8S@arch
3,7
701
2,092
503
21,WD
21947
41939
2,092
503
21.730
46.796
6.049
419
Total 8xp8nditur8
86.444
Net incorn81 l•xp8nditur81 b8for8trans18rs
15,3841
143841
Transf8rsb8lw88n lunds
N8trnov8rn8nt in lunds
Fund balanc8sbr0u9htfoard
Fund balanc85 carri8dforYrdrd
16,096
16,096
14
A n81 manag8m@nttharg8 of£30.47012022 £17.4641 was mad8 by Bliss to Bliss Scotland Ichantyl Ltd
Nodonation12022.- EOI was trhad8 by Blissto Bliss ScDlland Icharityi Ltd
At lh8 balanc8 8h881 da18. E10.62212022 £15.163lwas owéd by Bliss to Bliss Scotland (Charity) Ltd.
Dunry ther, lh8 par8nl charity r8c81V8d gross I08 of E2.165k12022.- £2,31Skl. and mad8 a loss ofE2S8kl2022 lossof £79kl.
14 1)8btors
Qraup
2023
Charity
2023
2022
2022
Trad@d8btors
Olh81 deblots
Amounts ow8d by grow underta9S
Pr8paym@nts and aCCEd Incom8
77,019
65,025
5B.783
74.297
847
65,023
53,274
8,856
74,297
44,302
148.592
281.672
217,8
200,403
270,047
15
Currgrrt 11858tlnvestrn8nts
Cutr8nl ass@t Intr8lS r81atsd to Inv8St8d by th@ thaY in a common Inv8Stm@nt which was Ipend8UY manag8d by CCLA lThv@sltrh8
2023
2022
Fair valu8as at I Wil 22
Additions
Disposals
N@t Unr8alis8dgn8 Ilos8881 to Sl March
Fair valu8as at31 March Z6
818,275
2.885
25.390
318.275
906,345
HIStar costas at 81 March
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts (Continued)
For the year ended 31 March 2023
16
Cr•ditLYS
Qraup
2023
Charity
2023
2022
2022
Trad@cr8ditors
Tam and Social Sécurity eosts
VAT
Olh8rcr8ditot8
48,821
69.882
2B.766
16.086
6.749
41822
69,8B2
28,766
6,315
6,749
14,769
44,415
125300
21,649
14,295
10,M1
11295
10,622
31103
Amounts ow8d tOgfDUP rtakI8
Accruals
D@f8rr8d Incom8
36,803
45.615
12B.425
295.523
271,354
296,196
D8f8rr8d Inco
D@f8rr8d InBom8 r@lat88tD r8C8IV8d dunw ther, r81at8dtD P8riods
Qraup
2023
Charity
2023
2022
2022
Balance atth8 Winning of
128,425
125,2751
24,9
12B.425
125,8
125,300
112s.sl
128.425
18,650
Balanc8 atth8 8ndotth83r
125300
17
Cornmitrn8nts under opBrating
Asat Sl March2023. lh8 Charity had commitrTh8nls und@rnon.canc811abl8 QP8raling 18as8s. Th@tDlal tre minimum 18as8 paym8nts reaS fDIII)ws-.
Land and Buildings
Pnt & PjachinBrya tt
2023
2023
2022
2022
Owrating l@as88payatA8
L8ss Ihan Dn8 y8ar
B8M88n Dn8 fiv8 y8at8
9,558
102.832
4,682
lo34
15116
29,189
52,422
9,558
102.832
18
Analysi8 of CharttabfLdS
Currgrrt ygar
Balanc&
1 April 2022
Funds
Tr4ns18rs 31 March 223
1crne
Expenditur
Analysi8 of >Vrnnts in UOstrt0dfUdS
G8ll@ral fu
1,097,569
2,029,108
,2959
830,785
TDtal Group4nd Charity
1,097,569
2,,108
,295,892]
830,785
Analysi8 of >Vrnnts in restrictgd lunds
Balanc&
1 April 2022
Funds
Tr4ns18rs 31 March 223
1crne
Expenditur
SuppDrbrJgparDntsandrarérs
NHS En9land
Olh@rGrants
84,164
184,1641
En98gin9 withnéDnataAboaithwof&ssioyJals
SuppDrbngrwJoarclJ
MRC
Olh@rGrants
50,0
50,000
23,500
73,500
35,940
1170,1041
Total Charty
50,0
193,604
SuppDrbrJg familiarJIA1jsjrb?bi ScotNarJ
Supporting par8nls and car@rs
21,L
Total Bliss SCOand Icharityl Limit8d
TDtal Group4nd Charity
50,0
258,842
1235,3
73,500
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts (Continued)
For the year ended 31 March 2023
18
Analysi8 of CharttabfLdS IcDntinu8dl
SuppDrbrJgparDntsayJd carérs
NHS En9land this 9rantwas award8d lo prowd@ Information and 8upportfDr par8nts of bab18s In n80Trat car8 aroundWir Illn8SS8s In22 23
MRC this 9rantwasaward8dto suwrttharili8s lo continu@ Dr er th81rr8S8arch activity. w@will u88 Ihis Incotrh8 locontinu@ Dur Oxtord @SarCh
grant. Sthuld r88uIts b8favourab18. or alt8rnaliv8ly fu anoth8r appropriat8 r8s8arth activity Itnot.
SuppDrbrJg familiarJIA1jsjrb¥ ScotNarJ
Th@S8 frSr8 r8C8iv8d rnainlyfrorn th8 Scottish GDV8rnm8nt, to supwrt Inth8 d81iv8ryof oUrwO across Scotland.
Analysis ofcharitsb18 ndS {worar)
Bala8
Funds
Transt@rs 31 March 2022
Incom@
Analysis of mov8m8nls In unr88trict8d fu8
D8si9nat8d fiK8d ass81 fund
G8ll@ral fu
1.20B.021
2.077.452
1.097,569
Total Group and Charity
1.208.021
2.077.452
2.187 904
1.097 569
Th8 d88ignat8dfix8d ass8tfund was us8d forfix8dass8tpurchas8s. Durin9 th8 y8ar Trusts8sd8cid8d notto d881gnat8 funds In this way.
Bala8
Funds
Transt@rs 31 March 2022
Analysis of mov8m8nls In r88trict8d fu8 Ipriory8aty
Incom@
Supporbn9 par8nl8 andcar@rs
NHS England
Olh@rGrants
En9aging with n8onatal h1h prof85s8
Supportrn9 s8arch
MRC
149.534
70.420
2.973
173,3931
50.aOO
1.681
271.635
50,000
Total Charity
2.973
50,000
Supporbng famili@s Ih@Ir bab18s In Scotland
Supporting par8nls and car@rs
46.754
65.TT2
Total Bliss Scooand Icharityl mil8d
Total Group and Charity
2.973
337.407
290 380
50 000
37
Bliss- The National Charity for the Newborn
IA Company Limited by Guaranteel
Notes to the Accounts (Continued)
For the year ended 31 March 2023
Analysis of n8tass8ts bbt4v8Bnfus
Currant y8ar
Unr8strictsd
funds
R8stric
Funds
Total
2025
Tangibl8fix•d as8•ts
rrent ass8ts
ditors,4mwnts falling th8within
22,777
1,LW,797
22,777
1,162,297
73,SOD
73,SOD
904,285
2022
Taryib18fix8d ass@ts
ctaSe
Créditors. amounts falliw du8 4MthinDn8 y8ar
1.335.931
295.52S
1 097 569
So.0
1.3B5.931
295.523
1 147 569
H8lat•d parb8s
Th8 a9918gat8 donaliDnsfrDrn r@lat8d parti@s. which InBlud88amounts thnaléd bytrust888, and amounts thnaléd lo ts18&fundraiSi9 8v883d thbul@funds.
amounléd lo £581 12022 £2S.4401.
H8conBiliation of th8 nBt rn0nt infundsto th&n8t
cash flowfrom op8rating activiti85
2023
2022
N8trnov8rn8nt in lunds
43,2841
53,209
65.234
Divid8nd and Int8r8St Irrn8 shown In Inv88tiry a1115
11,990
63,8r2
14,734
1141,2521
D8cr8as@I Iincr8as81 Ind8btor8
Iras8 1 Id8cr@as@I In cr8dilot8
N8tcash g8n8r4t•dfromllus8d inl op8ratirrfJ activitigs
52.952
38