REGISTERED CHARITY NUMBER: 1060525
Report of the Trustees and Financial Statements for the Year Ended 31 March 2021
for
Association of Radical Midwives
Colin McNally B.A. Hon's; F.C.M.A Parris and McNally Limited 6 Crofthead Road Prestwick Ayrshire KA9 1HW
Association of Radical Midwives
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
Association of Radical Midwives
Report of the Trustees
for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To offer support and information enabling midwives and women to provide and receive the highest standards of care.
ARM offers information and help to those having difficulty in getting or giving sympathetic, individualised NHS maternity care.
We also provide support to midwives in giving that care over 50 local contacts around UK, many with local groups holding regular meetings.
Significant activities
The Association of Radical Midwives have continued to provide information and support to midwives and members of the public who are seeking to provide and receive the highest standards of maternity care, our finances remain stable and we have increased interest in our work and new members. We hope to be able to continue to extend our activities towards improvement in maternity care. Our steering group and officers have been involved in ongoing discussions around increasing the inclusivity and diversity of both the steering group and membership. The steering group will undertake training on this subject later this year.
We sponsor and contribute to the 24-hour global cycle of presentations and lectures as part of the "Virtual International day of the Midwife" which are freely available to anyone who logs in worldwide. We retain contacts with midwifery organisations and high-profile midwives worldwide and are members of the European Midwives Association, this gives a broader vision and enables the sharing of ideas, initiatives and examples of good practice.
We produce a quarterly magazine with a variety of contributions and appointed a new editor in December 2020 who is developing the magazine creatively. We hope to develop plans to collate and catalogue an archive on midwifery and maternity care and discussions with potential collaborators are ongoing.
We are in touch at least biannually with the Royal College of Midwives and receive information and assistance from midwifery research groups. We are in discussion with them about improvements in practice and the implementation of Better Births which by increasing the numbers of women receiving continuity of care will greatly enhance the well being of women and their babies. We have been involved with discussions and developments of practice to help make the experience of maternity care during the covid pandemic more compassionate. We liaise with AIMS and other maternity and midwifery related charities.
Our members continue to work in supporting midwives undergoing fitness to practice hearings under the Nurses and Midwives Council, there have been meetings to discuss the delay in cases being heard, lack of appropriate representation on the panels and the length of time taken to resolve them. Work on change of legislation for midwifery regulation has largely been in abeyance this year due to the degree of parliamentary disruption due to the conflicts in parliament around the Brexit process, and the Covid-19 pandemic.
We plan to hold a conference in November 2021 on recent media trends to frame normal birth as potentially dangerous for women and babies in Nottingham. The title is “Is Normal Birth Radical” We plan to provide a range of good speakers and hold a round table discussion on controversial topics in clinical practice. We aim to cover costs only in order to keep the price of attendance as affordable as possible. We attend relevant conferences and other forums to promote our work.
All our meetings in this year have been conducted by Zoom due to the Covid-19 pandemic. We hope to return to having more meetings in person from our September AGM, however we have appreciated the benefits of using conferencing platforms for meetings and a number of generous volunteers have provided a range of workshops and discussion forums by this route and we will continue to use this method of reaching more of our potential audience this way in future. We have significantly increased our membership since offering more online information, workshops and forums, and engaging further with social media.
FINANCIAL REVIEW
Financial position
The organisation is in a healthy financial position and invested in its online presence over recent years to ensure it has solid future foundations.
Page 1
Association of Radical Midwives
Report of the Trustees
for the Year Ended 31 March 2021
FINANCIAL REVIEW Principal funding sources
Fundraising comes from a range of sources;
-
Membership
-
Public Donations
-
Funding for study days and retreats - Membership - Magazine Royalties - Sale of Goods
Investment policy and objectives
The Trustees have the power to invest in such assets as they see fit.
Reserves policy
The organisation has funds in reserve to allow them to continue with their planned future activities, that of continuing the work of the organisation.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Trustees are appointed to the Board by the membership at an Annual General Meeting.
Induction and training of new trustees
Training and relevant information on ARM is given to new trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1060525
Principal address
Little Park End Park End Simonburn HEXHAM NE48 3AE
Trustees
Hilary Rosser Becky Millar Milly Morris Maryla Crosski Donna Grayson Margaret Rosemary Jane Jowitt Catherine Ann Cooper Linda Wylie Approved by order of the board of trustees on .................26.8.21............................ and signed on its behalf by:
Linda Wylie ........................................................................ Trustee
Page 2
Association of Radical Midwives
Statement of Financial Activities for the Year Ended 31 March 2021
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 34,295 | 30,134 | |
| Charitable activities | |||
| STUDY AND RETREAT | 8,897 | 3,980 | |
| GENERAL | - | 2,694 | |
| Other trading activities | 2 | 5,094 | 2,515 |
| Investment income | 3 | 30 | 30 |
| Total | 48,316 | 39,353 | |
| EXPENDITURE ON | |||
| Raising funds | 19,934 | 18,221 | |
| Charitable activities | |||
| STUDY AND RETREAT | 25,799 | - | |
| GENERAL | - | 24,731 | |
| Total | 45,733 | 42,952 | |
| NET INCOME/(EXPENDITURE) | 2,583 | (3,599) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 15,291 | 18,890 | |
| TOTAL FUNDS CARRIED FORWARD | 17,874 | 15,291 |
The notes form part of these financial statements
Page 3
Association of Radical Midwives
| Balance Sheet | |||
|---|---|---|---|
| 31 March 2021 | |||
| 31.3.21 | 31.3.20 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Stocks | 7 | 2,406 | 1,841 |
| Cash at bank | 16,050 | 14,015 | |
| 18,456 | 15,856 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (582) | (565) |
| NET CURRENT ASSETS | 17,874 | 15,291 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 17,874 | 15,291 | |
| NET ASSETS | 17,874 | 15,291 | |
| FUNDS | 9 | ||
| Unrestricted funds | 17,874 | 15,291 | |
| TOTAL FUNDS | 17,874 | 15,291 |
The financial statements were approved by the Board of Trustees and authorised for issue on .................26.8.21............................ and were signed on its behalf by:
Linda Wylie ............................................. Trustee
The notes form part of these financial statements
Page 4
Association of Radical Midwives
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Shop income | 4,786 | 1,650 |
| Magazine | 308 | 865 |
| 5,094 | 2,515 |
Page 5
continued...
Association of Radical Midwives
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
3. INVESTMENT INCOME
Deposit account interest
31.3.21 31.3.20 £ £ 30 30
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 30,134 |
| Charitable activities | |
| STUDY AND RETREAT | 3,980 |
| GENERAL | 2,694 |
| Other trading activities | 2,515 |
| Investment income | 30 |
| Total | 39,353 |
| EXPENDITURE ON | |
| Raising funds | 18,221 |
| Charitable activities | |
| GENERAL | 24,731 |
| Total | 42,952 |
| NET INCOME/(EXPENDITURE) | (3,599) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 18,890 |
| TOTAL FUNDS CARRIED FORWARD | 15,291 |
Page 6
continued...
Association of Radical Midwives
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 6. | TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| and | ||||||
| fittings | ||||||
| £ | ||||||
| COST | ||||||
| At 1 April 2020 and 31 March 2021 | 129 | |||||
| DEPRECIATION | ||||||
| At 1 April 2020 and 31 March 2021 | 129 | |||||
| NET BOOK VALUE | ||||||
| At 31 March 2021 | - | |||||
| At 31 March 2020 | - | |||||
| 7. | STOCKS | |||||
| 31.3.21 | 31.3.20 | |||||
| £ | £ | |||||
| Stocks | 2,406 | 1,841 | ||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||
| 31.3.21 | 31.3.20 | |||||
| £ | £ | |||||
| Trade creditors | 582 | 565 | ||||
| 9. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At | 1.4.20 | in funds | 31.3.21 | |||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 15,291 | 2,583 | 17,874 | |||
| TOTAL FUNDS | 15,291 | 2,583 | 17,874 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 48,316 | (45,733) | 2,583 | |||
| TOTAL FUNDS | 48,316 | (45,733) | 2,583 |
continued...
Page 7
Association of Radical Midwives
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,890 | (3,599) | 15,291 |
| TOTAL FUNDS | 18,890 | (3,599) | 15,291 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 39,353 | (42,952) | (3,599) |
| TOTAL FUNDS | 39,353 | (42,952) | (3,599) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,890 | (1,016) | 17,874 |
| TOTAL FUNDS | 18,890 | (1,016) | 17,874 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 87,669 | (88,685) | (1,016) |
| TOTAL FUNDS | 87,669 | (88,685) | (1,016) |
continued...
Page 8
Association of Radical Midwives
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 9
Association of Radical Midwives
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Detailed Statement of Financial Activities for the Year Ended 31 March 2021 |
||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 1 | (1) |
| Donations | 1,373 | 1,404 |
| Subscriptions | 32,571 | 27,846 |
| National Meeting registration Fees | 350 | 885 |
| 34,295 | 30,134 | |
| Other trading activities | ||
| Shop income | 4,786 | 1,650 |
| Magazine | 308 | 865 |
| 5,094 | 2,515 | |
| Investment income | ||
| Deposit account interest | 30 | 30 |
| Charitable activities | ||
| Retreat | 310 | 3,730 |
| Study Days and Wigan | 930 | 250 |
| Conference | 7,465 | 2,373 |
| Theresa’s Fund | 192 | 321 |
| 8,897 | 6,674 | |
| Total incoming resources | 48,316 | 39,353 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Magazine | 16,005 | 15,030 |
| Steering Group | - | 501 |
| Travel | 32 | - |
| Theresa’s Fund | 115 | 749 |
| 16,152 | 16,280 | |
| Other trading activities | ||
| Purchases | 3,782 | 1,941 |
| Charitable activities | ||
| Sundries | 2,288 | 2,368 |
| Stall Expenses | 253 | 1,539 |
| Retreat | - | 2,444 |
| Conference | 3,083 | 4,802 |
| 5,624 | 11,153 |
This page does not form part of the statutory financial statements
Page 10
Association of Radical Midwives
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2021 | ||
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Support costs | ||
| Management | ||
| Insurance | - | 664 |
| Postage and stationery | 959 | 570 |
| Secretarial Services | 2,424 | 2,700 |
| Administration Secretary | 5,760 | 5,760 |
| Social Media Coordinator | 5,400 | - |
| 14,543 | 9,694 | |
| Finance | ||
| Bank charges | 982 | 462 |
| Human resources | ||
| Software licences | 4,301 | 1,539 |
| Other | ||
| National Meetings | - | 612 |
| Membership Fees | (191) | 731 |
| (191) | 1,343 | |
| Governance costs | ||
| Accountancy and legal fees | 540 | 540 |
| Total resources expended | 45,733 | 42,952 |
| Net income/(expenditure) | 2,583 | (3,599) |
This page does not form part of the statutory financial statements
Page 11