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2021-03-31-accounts

Charity number: 1120934 Company number: 06269047 (England and Wales)

Birth Companions

Report of Trustees and Unaudited Financial Statements

For the year ended 31 March 2021

Birth Companions Contents Page For the year ended 31 March 2021

Report of the Trustees 2
Independent examiners report 8
Statement of Financial Activities (including income and expenditure) 9
Statement of Financial Position 10
Statement of Cash Flows 11
Notes to the Financial Statements 12 – 23

1

Birth Companions Report of the Trustees For the year ended 31 March 2021

The Trustees, who are also Directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing document and have been prepared in accordance with the Charities Act 2011 and Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) (Charities SORP 2019 (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2016

Governing Document

Birth Companions is a registered charity (charity no. 1120934). On 5 June 2007 it became a company limited by guarantee (company no. 06269047). Our memorandum and articles of association set out the structure, purpose and operating parameters of the charity in accordance with the Companies Act 1985 to 2006.

Recruitment and Appointment of Trustee Board

The directors of the company, all of whom are volunteers, are also charity trustees for the purposes of charity law. In order to ensure a strong mix of skills on the board, new trustees are recruited and appointed by the existing trustees. The Chair of the Trustees is responsible for the induction of any new trustees, which includes awareness of a trustee’s responsibilities, the governing document, administrative procedures and the history and mission of the charity. New trustees also receive copies of the previous year’s annual report and accounts and are expected to attend training sessions run by our staff and volunteers.

The Board is elected annually from and by the members of the charity. The overall responsibility of Birth Companions belongs to the Trustee Board, which meets regularly in order to manage the affairs of the charity. Day-to-day operational responsibility has been delegated to the Director, Naomi Delap, who reports directly to the Board of Trustees.

The Trustees approve a strategic and financial plan annually and review progress against this and fundraising aims on a quarterly basis. Grant applications are submitted to support the services and support delivered by the Charity.

Pay and renumeration of staff, including key management personnel, is approved at least annually by the Trustees. Pay rates of staff are based upon job responsibilities and are externally benchmarked.

The members of the Trustee Board in office during the period ended 31 March 2021 were as follows:

Lucy Ball Jenny Beardsley – Treasurer (appointed 10/06/2020) Oluwakemi Eze (appointed 10/03/2021) Janice Fawell – Treasurer (retired 10/06/2020) Vivienne Gray Elizabeth Hogarth Julie Juliff (appointed 10/06/2020) Jennifer Kerr-Davis Sally Anne Matthews Tuesdae Moncrieffe (appointed 10/03/2021) Diana Parkinson – Chair Anne Stephens Avan Wadia

Collaborations

Birth Companions aims to work closely with related organisations. However, the charity is independent and does not have any affiliations which affect our operating policies.

2

Birth Companions Report of the Trustees Continued For the year ended 31 March 2021

OBJECTIVES AND ACTIVIES

Objectives and Aims

In our Memorandum of Association, our objects are listed as:

Birth Companions aims to improve the lives of mothers and babies facing severe disadvantage. We seek to achieve this by:

Our support involves:

We support women in prison (HMP Bronzefield, HMP Peterborough, HMP Foston Hall) as well as women in the community in London. We have a trained and experienced team of volunteers and staff who deliver services.

Statement on Public Benefit

The Trustees confirm that they have compiled with the Charity Commission’s general guidance on public benefit, and that the purpose and aims of Birth Companions are for the greater public good. All our charitable activities focus on improving the experience of pregnancy, birth and motherhood for women in prison and the community so that they are better able to care for their baby after the birth. We believe that, in the longer term, our work contributes to women being less likely to re-offend post-release as they have been given both the emotional and practical help to turn their lives around as well as to better long-term outcomes for families as women have been able to build stronger bonds with their babies and learnt better parenting skills.

ACHIEVEMENTS AND PERFORMANCE

Significant activities

2020-21 has been dominated by COVID-19. This has greatly affected the situations of the women we work with, and the way in which we have worked as an organisation, delivered services and shaped much of our policy and engagement work.

The impacts on Birth Companions have included:

3

Birth Companions Report of the Trustees Continued For the year ended 31 March 2021

The impacts on the women and babies we work with have included:

During the year 1st April 2020 – 31st March 2021 we supported 234 women overall in seven prisons in England and the community in London:

Evaluation data collected from 23 women shows us that:

We are immensely grateful to our funders for their generosity and flexibility; and to our incredible staff and volunteers who have enabled Birth Companions to continue and flourish during these difficult times.

FINANCIAL REVIEW

The statement of Financial Activities for the year ended 31 March 2021 shows total income of £610,826. This is an increase in income compared with the previous year of £121k (25%). This was driven by emergency covid funding, including specific support to the NHS, and a £27k increase in individual donations to the Charity. Additionally, new Peterborough services were started in January 2021 for Perinatal and Healthcare Peer Support.

Our principal source of income is grants, which total £525,029 (2020: £437,113) which comprise 86% of our total income (2020: 89%)

Expenses in year have decreased by £25k compared with the previous year (6%) This was driven by the requirement to work remotely, meaning prison visits were not possible and communications events could not proceed in the planned format.

The Statement of Financial Activities indicates net income for 2020/21 of £190,139 (2019/20 £44,134).

We received funding this year from Bromley Trust, Bronzefield Prison, CAF, City & Hackney CCG, Clinks, Esmee Fairbairn Foundation, Evan Cornish Foundation, HMRC (furlough grant), Henry Smith Charity, London Catalyst, London Community Response, Ministry of Justice, National Lottery, NHS England, North Central London Local Maternity Service, Northwick Family Trust, P and G Trust, Peoples Health Trust Active Communities, Pilgrim Trust, Rayne Foundation, Samaritans, Smallwood Trust, The A B Charitable Trust, The Sylvia Adams Charitable Trust, and many individual donors.

Since the beginning of the pandemic, our previous funders and new funders have recognised the importance of the work we are undertaking. We were successful in securing funding to support us throughout this period and ensure services can continue into 2021/22 providing stability to the women we support.

4

Birth Companions Report of the Trustees Continued For the year ended 31 March 2021

The future fundraising landscape remains uncertain as we move away from funders offering emergency covid funds, and we will continue to work with current funders and new trusts and donors to ensure the finances of the charity remain robust. Our ringfenced reserves have been increased this year as a response to this uncertainty.

Reserves

Free reserves are part of unrestricted funds that are freely available to spend on any of the charity’s purposes.

In considering the reserves policy, the Trustees have taken into account the following issues:

Bearing in mind the issues above, trustees have agreed that our free reserves target should reflect sufficient funding to cover the on-going running of the charity for a period of at least 6 months if no other income source was available. In addition, funding should be set aside for closure costs (such as redundancy and other commitments) to ensure a worst case scenario was covered.

Further designated funds could also be set aside for specific projects that trustees agree to be a priority but do not have a separate restricted funding source. This would be established as a specific reserve and not form part of the general reserves.

At present, we have calculated that ongoing running of the charities core services for 6 months costs around £263,000, and that closure costs, based largely on staffing commitments, would be in the region of £44,000. This gives a total reserves target of £309,000. At 31 March 2021, Birth Companions unrestricted free reserves were £354,657 (2019/20 £224,469), including £309,000 specifically ring-fenced as contingency funds (2018/19 £120,000). Therefore 115% (2018/19 95%) of the revised Reserves Target has currently been met.

Going concern statement

The Trustees have reviewed the budgets for the 2021/22 financial year, including reserves and secured income and consider there to be sufficient funding secured to prepare these accounts on a going concern basis.

Responsibilities of the Trustees

The trustees (who are also directors of Birth Companions for the purposes of company law) are responsible for preparing the Trustees’ Report incorporating the strategic report and directors’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

5

Birth Companions Report of the Trustees Continued For the year ended 31 March 2021

Key Risks and Uncertainty

The Trustees regularly review the principal risks and major uncertainties to which the charity may be exposed and systems and procedures have been established to manage those risks.

The Trustees consider a full risk assessment at least annually, though during the last year with the additional uncertainty arising from COVID-19 they have been assessed quarterly. The operational team review it every six months, when new services start and where there are significant changes to existing services. The register lists the key risks identified together with the potential level of harm caused and the likelihood of occurrence. Actions being taken to manage the identified risks are listed on the register.

Key areas of risks identified and mitigating actions are:

Contribution of volunteers

We are incredible grateful to all of our volunteers. The time of general volunteers has not been included in these accounts but we estimate that 240 hours (2020: 979 hours) of support has been provided by volunteers during the year and without them we would not be able to deliver many of our services, particularly the birth support, which is such a core part of our work. The reduction of hours was predominantly driven by the reduced ability to meet face to face due to COVID-19.

Key management personal

The SORP considers the key management personnel of the charity to be those persons having authority and responsibility for planning, directing and controlling the activities of the charity, directly or indirectly. The trustees consider that the board of trustees, the Director and the Head of Services are Key Management Personnel of the charity.

THANKS

As ever, we are immensely grateful to our staff and volunteers for their commitment and dedication. We would also like to thank our funders for their ongoing support of our work.

Approved by the Board and signed on its behalf by

22[nd] September 2021

Diana Parkinson

6

Birth Companions Report of the Trustees Continued For the year ended 31 March 2021

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Birth Companions Charity registration number 1120934 Company registration number 06269047 Principal address Dalton House 60 Windsor Avenue South Wimbledon London SW19 2RR

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Lucy Ball Jenny Beardsley Oluwakemi Eze Janice Fawell Vivienne Gray Elizabeth Hogarth Julie Juliff Jennifer Kerr-Davis Sally Anne Matthews Tuesdae Moncrieffe Diana Parkinson Anne Stephens Avan Wadia Secretary Naomi Delap Independent examiner Joshua Kingston BSc ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Rd Flax Bourton Bristol BS48 1UR Principal Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ

7

Birth Companions Independent Examiner’s Report For the year ended 31 March 2021

Independent examiner’s report to the trustees of Birth Companions (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

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

Independent examiner’s statement

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

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

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

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

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

Joshua Kingston BSc ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: 22 September 2021

8

Birth Companions Statement of Financial Activities (Including income and Expenditure Account) For the year ended 31 March 2021

Notes
Income from:
Donations and legacies
2
Investments
3
Total
Expenditure on:
Charitable activities
4
Total
Net income / (expenditure) for
the year
8
Reconciliation of funds
Total funds brought
forward
16
Total funds carried forward
16		 Unrestricted
Funds
Restricted
Funds
2021
2020
£
£
£
£
151,857
458,029
609,886
488,976
940
-
940
900
152,797
458,029
610,826
489,876
(23,705)
(396,982)
(420,687)
(445,742)
(23,705)
(396,982)
(420,687)
(445,742)
129,092
61,047
190,139
44,134
227,660
132,406
360,066
315,932
356,752
193,453
550,205
360,066

All of the activities of the charity are classed as continuing.

Prior year fund comparatives are disclosed in note 16.

Prior year comparatives are disclosed in note 12.

The notes on pages 12 – 23 form part of these financial statements.

9

Birth Companions Financial Position For the year ended 31 March 2021

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
19
Creditors: falling due within one year
15
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Restricted income funds
17
Unrestricted income funds
17
Total funds		 2021
2020
£
£
2,097
3,191
2,097
3,191
38,603
33,510
558,517
342,850
597,120
376,360
(49,012)
(19,485)
548,108
356,875
550,205
360,066
550,205
360,066
193,453
132,406
356,752
227,660
550,205
360,066

For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The financial statements were approved and authorised for issue by the board and signed on its behalf by:

Date 22 September 2021

Diana Parkinson

The note on pages 12 – 23 form part of these financial statements

10

Birth Companions Statement of Cashflows For the year ended 31 March 2021

Notes
Cash flows from operating activities:
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments for tangible assets
Net cash (used in) provided by investing activities
Cash flows from financing activities
Bank interest
Net cash provided by (used in) financing activities
Change in cash in the reporting period
18, 19, 20
Cash at the beginning of the reporting period
Cash at the end of the reporting period		 2021
2020
£
£
215,226
45,411
(499)
(499)
(1,847)
(1,847)
940
940
900
900
215,667
44,464
342,850
387,314
558,517
342,850

The notes on pages 12 – 23 form part of these financial statements

11

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

1. Accounting Policies

Basis of accounting

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

Birth Companions meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The accounts present a true and fair view and the accounting policies adopted are those outlined in this note. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

Going concern

The financial statements are prepared on a going concern basis, as the Trustees consider there are no material uncertainties around the charitable company’s ability to continue as a going concern.

Whilst COVID 19 has changed the delivery of services to women, they are supported remotely until such time as face to face support can be reintroduced. Our current funders, and new funders, have recognised the importance of our work at this crucial time and the charity has secured vital grant and donation funding towards its work over the next 12 months. The charity's target of holding 6 months' core running costs in reserve, to cover any period of funding uncertainty, has been 96% achieved at the year end, and the adequacy of reserves is reviewed regularly by the Trustees. As such, these accounts are prepared on the going concern basis.

Significant accounting estimates and judgements

Aside from going concern set out above, there have been no other key estimates or judgements required in determining the carrying value of assets and liabilities.

Funds

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Designated funds comprise of unrestricted funds that have been set aside by trustees for a particular purpose.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.

Income

All income is included in the statement of financial activities where the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Grants and donations are recognised when there is entitlement, probability of receipt and the amount can be measured with sufficient reliability.

Deferred income represents amounts received for future periods and is released to income in the period for which it has been received. Such income is only deferred when the donor specifies that the donation must only be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.

12

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

Investment income is recognised on a receivable basis.

Government grants are identified in note 2.

Expenditure

Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.

Support costs

Support costs include expenditures which are not directly related to project areas.

Governance costs

Governance costs include costs relating to governance, including independent examiner fees, trustee expenses and compliance fees.

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value added tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of an appeal have specified otherwise.

Tangible fixed assets

Tangible fixed asset ~~s a~~ re stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful life on the following basis:

Computer equipment

20% Straight line

Legal Form

Birth Companions is a charitable company incorporated in England under the Companies Act 2006. The company is limited by guarantee and not having a share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is Dalton House, 60 Windsor Avenue, South Wimbledon, London, SW19 2RR. The charity’s operations and principal activities are included on page 4 of the Trustees’ annual report.

Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remains any assets, after the satisfaction of any all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

Debtors

Debtors are stated in the balance sheet at estimated net realisable value. Net realisable value is the invoiced amount less provisions for bad and doubtful debtors. Provisions are made specifically against debtors where there is evidence of a dispute or an inability to pay.

Creditors

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

13

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

Cash

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

Volunteer Time

The value of any volunteer time received is not included in the accounts but is described in the trustees annual report and note 9.

2. Income from donations and legacies

Donations received
Grants received		 Unrestricted
funds
Restricted
funds
2021
2020
£
£
£
£
84,857
-
84,857
51,863
67,000
458,029
525,029
437,113
151,857
458,029
609,886
488,976

Reclaimed gift aid is included within Donations.

In the prior year grants received included £424,113 of restricted funds.

Analysis of grants received
Big Lottery Fund Grant: Women & Girls Initiative
Bromley Trust
Bronzefield Prison
CAF Coronovirus Emergency Fund
Charles Hayward Foundation
City & Hackney CCG
Clinks
Esmée Fairbairn Foundation
Evan Cornish Foundation
Geese Theatre Company
Henry Smith Charity
HMRC Furlough Grant
Horner Smith Foundation
Julia and Hans Rausing Trust
Leigh Trust
London Catalyst
London Community Response Fund
Ministry of Justice
National Lottery Community Fund
NHS England
NHS England Health and Justice (Midlands and East)
North Central London Local Maternity Service
Northwick Family Trust
P and G Trust
Peoples Health Trust Active Communities
Pilgrim Trust
Prison Reform Trust
Rayne Foundation
Samaritans
Sheila Kitzinger
Smallwood Trust
The A B Charitable Trust
The Goldsmith’s Company Charity
The Sylvia Adams Charitable Trust		 2021
2020
£
£
-
135,883
25,000
25,000
8,514
11,352
4,000
-
-
7,000
7,691
7,500
9,619
-
60,000
46,906
10,000
-
-
403
35,000
17,500
7,247
-
-
3,000
-
17,500
-
3,000
5,000
-
30,242
-
35,000
95,573
82,100
-
104,940
-
16,401
-
5,296
15,890
5,000
-
3,000
-
6,379
15,948
20,000
10,000
-
158
5,000
-
1,500
1,500
-
3,000
23,100
-
10,000
10,000
-
10,000
5,000
-
525,029
437,113

Government grants have been received from the City & Hackney CCG, HMRC Furlough Grant, Ministry of Justice and NHS England and North Central London Maternity Service.

14

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

3. Investment income

Unrestricted funds
Bank interest receivable		 2021
2020
£
£
940
900
940
900

4. Costs of charitable activities by activity type

Activities Support costs
2021
undertaken (Note 5)
directly & grants
£ £ £
Prison and community support 169,283 171,702 340,854
Service user involvement 64,583 15,119 79,702
233,865 186,821 420,687
osts of charitable activities by activity type – prior year
Activities Support costs
2020
undertaken (Note 5)
directly & grants
£ £ £
Prison and community support 165,826 159,686 325,512
Service user involvement 73,095 47,135 120,230
238,921 206,821 445,742
nalysis of support costs
Prison and Service user 2021
community involvement
support
£ £ £
Staff costs 113,331 11,684 125,015
Staff costs - fundraising 7,503 769 8,272
Staff volunteer training and support 2,951 12 2,963
Administration and marketing costs 5,819 96 5,915
Travel costs 62 1 63
Insurance 1,677 72 1,749
Phone, Website and IT costs 9,635 255 9,890
Venue hire 25 - 25
Sundry costs 18,275 953 19,228
Finance costs 9,401 1,054 10,455
Finance costs – fundraising 1,030 132 1,162
Governance costs 1,993 91 2,084
171,702 15,119 186,821

Costs of charitable activities by activity type – prior year

5. Analysis of support costs

Support costs are allocated to service user involvement when they are directly incurred or at a project agreed percentage rate.

15

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

Analysis of support costs – prior year

Staff costs
Staff volunteer training and support
Administration and marketing costs
Travel costs
Insurance
Phone, Website and IT costs
Venue hire
Sundry costs
Finance costs
Governance costs		 Prison and
community
support
Service user
involvement
2020
£
£
£
116,100
34,760
150,860
3,022
619
3,641
16,317
1,718
18,035
1,733
1,425
3,158
1,363
314
1,677
2,136
1,161
3,297
1,246
708
1,954
8,729
1,346
10,075
4,871
3,612
8,483
4,169
1,472
5,641
159,686
47,135
206,821

6. Governance costs

Governance costs are included within support costs (note 5) and comprise:

Compliance costs
Payroll service costs
Independent Examiner’s fees (including VAT)
Trustee expenses
Legal and professional fees		 2021
2020
£
£
53
469
1,061
1,036
950
900
20
27
-
3,209
2,084
5,641

7. Fundraising costs

Fundraising costs are included within support costs (note 6) and comprise:

Staff costs
Finance costs
8.
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation of owned fixed assets
Staff pension contributions
Independent Examiner’s fees (including VAT)
9.
Staff costs
Salaries and wages
Social security costs
Pension costs		 2021
2020
£
£
8,272
-
1,162
-
9,434
-
2021
2020
£
£
981
576
9,512
8,005
950
900
2021
2020
£
£
307,198
285,749
25,130
27,908
9,512
8,005
341,840
321,662

16

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

Average monthly employee head count

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No employee received employee benefits of more than £60,000 (2020: none)

Earnings by Key Management Personnel, being the Director and the Head of Services totalled £91,703 (2020: £100,366)

The pension scheme is defined contribution. The outstanding balance at year end was £1,704 (2020: £1,677)

As ever we are extremely thankful to our volunteers for their commitment to the charity. We estimate that 240 hours of volunteer time was dedicated to the charity (2020: 979 hours).

10. Trustee renumeration and related party transactions

During the year no trustee earned or received renumeration. One Trustee received reimbursement of expenses of £20 for mobile data to facilitate attendance at online meetings (2020: One trustee received reimbursement of £27 for travel to meetings). Additionally, two trustees were paid £150 for their time when contributing to the lived experience team (2020: nil).

During the current year there were unrestricted donations from relatives of key personnel and trustees totalling £4,145.

Donations from three Trustees in year totalled £3,300 (2020: £3,300).

11. Deferred Income

----- Start of picture text -----
|||||| |---|---|---|---|---| |2021|2020| |£|£| |Balance at 1|[st]|April 2020 / 2019|5,296|-| |Released in year|(5,296)|-| |Deferred in year|21,201|5,296| |Balance at 31|[st]|March 2021 / 2020|21,201|5,296|

----- End of picture text -----

12. Comparative Statement of Financial Activities

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|2020| |Funds|Funds| |£|£|£| |Income from:| |Donations and legacies|64,863|424,113|488,976| |Investments|900|900| |Total|65,763|424,113|489,876| |Expenditure on:| |Charitable activities|-|(445,742)|(445,742)| |Total|-|(445,742)|(445,742)| |Net income|65,763|(21,629)|44,134| |Reconciliation of funds| |Total funds brought forward|161,897|154,035|315,932| |Total funds carried forward|227,660|132,406|360,066|

----- End of picture text -----

17

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

13. Tangible fixed assets

Cost or valuation
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
Disposals
At 31 March 2021
Net Book Values
At 31 March 2021
At 31 March 2020
ebtors
Amounts due within one year:
Trade debtors
Prepayments and accrued income
reditors: amount falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2021
£
35,186
3,417		 Computer
Equipment
£
4,449
499
(2,102)
2,846
1,258
981
(1,490)
749
2,097
3,191
2020
£
32,632
878
33,510
38,603
2021
£
3,813
7,323
37,876		 2020
£
930
9,155
9,400
19,485
49,012

14. Debtors

15. Creditors: amount falling due within one year

16. Movement in funds

Unrestricted funds

Designated
Designated: Contingency
reserve
General
General unrestricted		 Balance at
01/04/2020
Income
Expenditure
Transfers
Balance at
31/03/2021
£
£
£
£
£
120,000
-
-
189,000
309,000
107,660
152,797
(23,705)
(189,000)
47,752
227,660
152,797
(23,705)
-
356,752

18

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

15. Movement in funds (continued)

Unrestricted funds – previous year

Designated
Designated: Contingency
reserve
General
General unrestricted		 Balance at
01/04/2019
Income
Expenditure
Transfers
Balance at
31/03/2020
£
£
£
£
£
120,000
-
-
-
120,000
41,897
65,763
-
-
107,660
161,897
65,763
-
-
227,660

Purpose of unrestricted funds

General unrestricted

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Designated: contingency reserve

Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. The contingency reserve is in place to ensure there are sufficient funds for the ongoing running of the charity’s core services for 6 months costs.

Restricted funds

Big Lottery Fund Grant (Women & Girls)
Bromley Trust
Bronzefield Prison
Charles Hayward Foundation
City & Hackney CCG
Clinks
HMRC Furlough Grant
London Catalyst
London Community Response Fund
Ministry of Justice
National Lottery Covid Emergency Fund
NHS England (COVID)
NHS England Health and Justice (Midlands
and East)
NHS England and NHS Improvement
North Central London Maternity Service
Peoples Health Trust Active Communities
Rayne Foundation
Samaritans
Smallwood Trust
The A B Charitable Trust
Core funds, time restricted		 Balance at
01/04/2020
Income
Expenditure
Balance at
31/03/2021
£
£
£
£
32,545
-
(32,545)
-
6,372
10,000
(7,061)
9,311
-
8,514
(1,764)
6,750
7,000
-
(5,735)
1,265
-
7,691
(5,346)
2,345
-
9,619
(8,798)
821
-
7,247
(7,247)
-
-
5,000
(4,179)
821
-
30,242
(27,132)
3,110
-
35,000
(35,000)
-
-
82,100
(82,100)
-
-
90,000
(90,000)
-
-
16,401
(10,049)
6,352
-
14,940
(9,781)
5,159
3,822
5,296
(9,118)
-
-
6,379
(6,379)
-
-
5,000
-
5,000
-
1,500
(1,500)
-
-
23,100
(23,100)
-
6,371
-
(6,371)
-
76,296
100,000
(23,777)
152,519
132,406
458,029
(396,982)
193,453

19

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

15. Movement in funds (continued)

Restricted funds – previous year

Big Lottery Fund Grant (Women & Girls)
Bromley Trust
Bronzefield Prison
Charles Hayward Foundation
City & Hackney CCG
Julia Hans Rausing Trust
Lloyds Enable Trust
London Catalyst / Samaritans
Ministry of Justice
North Central London Maternity Service
Partners for Health Saturday Grant
Peoples Health Trust Active Communities
Pilgrim Trust
The A B Charitable Trust
Other restricted funds
Core funds, time restricted		 Balance at
01/04/2019
Income
Expenditure
Balance at
31/03/2020
£
£
£
£
16,892
135,883
120,230
32,545
-
10,000
3,628
6,372
-
11,352
11,352
-
-
7,000
-
7,000
-
7,500
7,500
-
-
17,500
17,500
-
2,572
-
2,572
-
3,013
-
3,013
-
9,741
95,573
105,314
-
3,826
15,890
15,894
3,822
3,013
-
3,013
-
784
15,948
16,732
-
-
10,000
10,000
-
-
10,000
3,629
6,371
-
14,967
14,967
-
114,194
72,500
110,398
76,296
154,035
424,113
445,742
132,406

Purpose of restricted funds

Other restricted funds

Other restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

Big Lottery Fund Grant (Women & Girls): Towards Service User Involvement activities

Bromley Trust: Towards salaries and running costs for policy and communications work

Bronzefield Prison: Towards salaries and running costs related to services delivered at Bronzefield Prison

Charles Hayward Foundation: Towards salaries and running costs delivering services at Foston Hall

City & Hackney CCG: Towards salaries and running costs for the community group held in Hackney

Clinks: costs of LET workshops

HMRC Furlough grant: covering salary costs for staff unable to work due to childcare requirements during lockdown

Julia Hans Rausling Trust: Towards salaries and running costs related to community services

Lloyds Enable Trust: Towards IT and design costs

London Catalyst: Contribution towards Whittington service

Ministry of Justice: Current year, towards core running costs of the charity. Prior year, towards salaries and running costs delivering services at Foston Hall and New Lowton Prisons

National Lottery Covid Emergency fund: to meet the increased needs of the vulnerable pregnant women and new mothers during covid

20

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

15. Movement in funds (continued)

NHS England: To provide additional support to vulnerable pregnant women and new mothers including those who were eligible for early prison release.

NHS England and NHS Improvement: Perinatal and Healthcare Peer Support programmes at Peterborough Prison

NHS England Health and Justice (Midlands and East): Services at Foston Hall Prison

North Central London Maternity Service: Towards complex social needs research

Partners for Health Saturday Grant: Towards salaries and running costs for the community groups

Peoples Health Trust Active Communities: Towards salaries and running costs related to services delivered at Peterborough Prison

Pilgrim Trust: Towards Community Link costs

Rayne Foundation: Community work in Hackney and Islington

Samaritans: To assist people in need through the provision of emergency hardship payments

The A B Charitable Trust: Towards salaries and running costs related to services delivered at prisons

16. Analysis of net assets between funds

Unrestricted funds
General
General unrestricted
Designated
Designated: contingency reserve
Restricted funds
Bromley Trust
Bronzefield Prison
Charles Hayward Foundation
City & Hackney CCG
Clinks
London Catalyst
London Community Response Fund
NHS England Health and Justice (Midlands and
East)
NHS England and NHS Improvement
Rayne Foundation
Core funds, time restricted		 Tangible
fixed assets
Net current
assets /
liabilities
Net assets
£
£
£
2,097
45,655
47,752
309,000
309,000
9,311
9,311
6,750
6,750
1,265
1,265
2,345
2,345
821
821
821
821
3,110
3,110
6,352
6,352
5,159
5,159
5,000
5,000
152,519
152,519
2,097
548,108
550,205

21

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

Previous year

Unrestricted funds
General
General unrestricted
Designated
Designated: contingency reserve
Restricted funds
Big Lottery Fund Grant (Women & Girls)
Bromley Trust
Charles Hayward Foundation
North Central London Maternity Service
The A B Charitable Trust
Core funds, time restricted		 Tangible
fixed assets
Net current
assets /
liabilities
Net assets
£
£
£
3,191
104,470
107,661
120,000
120,000
32,545
32,545
6,372
6,372
7,000
7,000
3,822
3,822
6,371
6,371
76,295
76,295
3,191
356,875
360,066

17. Reconciliation of net movement in funds to net cashflow from operating activities

Statement of financial activities: net movement in funds from operating
activities
Depreciation
Fixed asset purchases
Fixed asset disposals
Bank interest
(Decrease) / Increase in creditors: current liabilities
Decrease / (Increase) in debtors
Movement in cash		 2021
£
2020
£
189,199
43,234
981
576
(499)
(1,847)
612
-
940
900
29,527
(3,178)
(5,093)
4,779
215,667
44,464

18. Analysis of changes in cash during the year

Cash in bank and in hand
Short term deposits
Cash in bank and in hand
Short term deposits		 2021
£
2020
£
Change
£
477,286
262,220
215,066
81,231
80,630
601
558,517
342,850
215,667
2020
£
2019
£
Change
£
262,220
217,756
44,464
80,630
80,630
-
342,850
298,386
44,464

It has been assumed that short term deposits are repayable on demand.

19. Cashflow restrictions

Charity law prohibits the use of net cash inflows on any endowed or other restricted fund to offset net cash outflows on any fund outside its own Objects, except on special authority. In practice this restriction has not had any effect on cashflows for the year.

20. Operating Leases

The Charity did not have any operating leases in the year (2020: none).

22

Birth Companions Notes to Financial Statements For the year ended 31 March 2021

21. Capital Commitments

The Charity did not have any capital commitments in the year (2020: none).

23