Cc*npany Règistèrèd Numbèr.. 06713945 CharSty R•gist•r&d Number.. 1126459 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charfty) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl CONTENTS Page Reference and Administrative Details of the Charity. its Tntstees and Advise Trusts8s' R8port 2-14 Statement of Trustsos, R•sponslbllltl•s Independent Audltors. Report to tho M•fflbers of Thfr For Baby's Sak8 Trust 16-19 Stat8ment of Financial Activities Ilncorporating Income and Expenditurn Account) 20 Balance Shoot 21 Stat•m•nt of Cash Fl¢>wJ 22 Notes to th• Flnanclal Statoments 23-45 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustsos Jon Chapman (appointed 13 November 2023) Phillip Fellowes-Prynne Tracey-Joy Hamson {appointed 30 April 2021, resigned 16 November 20221 Dame Linda Homer (Chair from 8 December 2022} Lady Sally Kn￿eS Adam Shulkever (Vice-chair from 8 December 20221 Stelio Slefanou OBE. OL {Resigned as Chair and Tnjstee 8 December 20221 Company rngistered number C6713945 Charlty r¢gl$t•r•d number 1128459 Rogl8t8red offic• Unil 1 B Meadway Court Rutherford Close Slevenage Hertfordshire SG1 2EF Company socretary Adam Shutkever Ind•p•nd•nt audltor• MHA Charte￿d Accountants Statutory Audrtor 6th Floor 2 London Wall Place London, United ￿ngd¢)M EC2Y SAU Sgnlor Loadgrshlp Team Tony Collin$ Ilnterim CEO, extemal consultant, 1 February lo 30 April 20231 Elaine Fukon (Direcior of Slralegic Partnershipsl Amanda Mclntyre ICEO to 31 January 2023, Deputy CEO thereafter) Judith Rees IDirectOT of Operations) Lauren Seager-smrth (CEO, appointed 8 May 20231 Page 1 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their annual report together with the financial statements of The For Baby's Sake Trust for the year 1 April 2022 to 31 March 2023. The Trustees confimi that the Annual Report and financial statements of the Charty comply wth the current slatulory requirements. the ￿QuirementS of the Charity's goveming document and the provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Since the Charty qualifies as small under section 383. the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Directorfs Report) Regulations 2013 is not require¢J. R•f8r8nc• and adminlstrative delaS18 a. Namo of Charfty, r¢gSstratlon nUm￿r8 and address The For Baby's Sake Trust is a registered Charity11126459} and company limited by guarantee167139451. 11$ principal and registered office address is.. 1 B Meadway Court, Rutherford Close, Stevenage, SG12EF. b. Provld•rn of ￿nkIng s•Thflc•s or profvsslonal advlc• During the year covered by this report. the Charity bought in financial or legal setvic8s or advice lo the Board frgm the individuals or organisalions listed below and is gratefvl for their support. Naturo of su ort Independent Safeguarding Advisor lo the Trustees until 14 September 2023 Iconlracl and remuneration ceased, ahead of appointment as Trustee and Board Lead fer Safe uardin Financial Controller Interim CEO Ithree days per week. from 1 Februa -30 A nl 2023 Bankin Investment Mana Auditors Provider Jon Chapman, PS3 Safeguarding Ltd Trac Snotra FCCA North Yorkshire Hospice Care.. part-lime $e¢ondmenl oftheir CEO, Ton Collins Coutts Bank. 2nd Floor 440 Strand, London WC2R OQS Cazenove Ca ital. 1 London Wall Place. London EC2Y SAU MHA. 6th Floor 2 London Wall Place London EC2Y ernent Objectives and Activities a. Purposes of the Charity As set out in the Memorandum of Association, the objects for which the Charity was formed are for charitable activity in the furtherance of such exclusively charitable purposes as the Trustees may in their absolute discretion determine. In setting objective5 and planning for activities, the Trustees have given due consideration lo general guidance published by the Chanty Commission relab.ng lo public benefit. The Charity was established vhth a vision to improve the ￿lIbeIng and long-temi life-chances of babies who are at risk and unable to tell others. Evidence about the scale of domestic abuse, affecting one in five children, and about how babie5 are particularly affected, led the Charity to focu5 on providing and promoting Irauma-lnformed support lo break cycles of domesti¢ abuse and give babies the best start in lrfe. Page 2 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Charity does this through bNo overarching areas of activity. Firsuy. its innovative programme, For Baby s Sake, works with both parents, from pregnancy until the baby is aged tsvo. empowering them lo address the cycle of dome5tK abuse and their histories of traumats"c expenences that typicalty lie al the heart of the problem. Secondly, the Charity contributes to system change at local and national levels, by sharing and embedding the transferrable practice from For Babys Sake and influencing, infomiing and contributing to decision-making frameworks, such as legislation, policy, public understanding and research evidence. This dimension ol the Charity's work extends the Charty's impact by directly and Indi￿¢11Y reaching more babies. parents and families in need of trauma-infom)ed support and helping to equip professionals to provide such support. Workin9 Wlth Mult￿2gencY partnerships and stakeholders 1$ a key element of the Charity's approach to the delivery and development of For Baby s Sake and to contributing to system change. b. Strateg1¢ obl¢ctlvè$ for 2022-23 These accounts cover the financial year from April 2022 to March 2023. which was a year ol transition in the Charity's leadership and also in temis of preparing for the nexi phase of development and growth, particularly by strengthening capacity for lundraising and Income diversthcalion and for continuing to build and share the evidence for our approach and impact. Early in 2022, Stelio Slefanou, who had founded the Charity philanthropically in 2008 and chaired il since that 'me, announced to the 8oard of Trustees and stsff that he would stsnd down from the 8oard in December 2022. Careful planning throughout ihe year ensured a smooth and successfvl transition. In December 2022. Dame Lin Homer. a Trustee since 2017. became Chair, Adam Shulkever. a longstanding Trustee and Company Secretary since 2020, becoming Vice Chair. Effective succession planning is essential for all charities. Trustees and staff understood the wisdom in the decision by Stelio Slefanou to step down as the Charty was moving into a new phase ol development. The Board and staff are deeply grateful lo Stelio Stelanou for his vision, innovation. commitment, generous philanthropy. glralegi¢ wsdom and leadership, vthich have brought the Charty successfully lo this point, and are grateful that he continues to be a valued and important supporter of the Charity. In Autumn 2022. Trustees agreed to a creatsve proposal from Amanda Mclntyre, CEO at that time, to move into new role for the Charity as Deputy Chief Executive. focused on the next phase of evidencevbuilding and evaluats'on, while the Trust recruited a new CEO with talent and expertsse in fundraising. Tru5tee5 welcomed the dtsuble benefrt of this. Following a highly compelilrye recrurtmenl exercise, Lauren Seager-smilh was recruited as CEO, bringing valuable skills and experience in chanty leadership and growth. along with a passion forworking with children and families. To start preparing for the new phase of development, Trustees and Senior Leadership Team worked c105ely together lo frame strategic prioritie5. 511PPOrted particularfy by Tracey Harn50n who generously shared her strategic planning skills before needing lo resign from the Board lo take up a senior executive position overseas. The Charity thanks her for her contribution and also thanks Tony Collins, who provided additional capacity as Interim CEO during the transition phase from February lo April 2023. The year had begun with a 24 houT overnighvaway-day in April 2022, bringing together all staff and For Baby s Sake teams. As colleagues shared their aspirab"ons. priorities and experiences, there was an especially Clear, deep and shared commitment to the Chanty's values.. treating people with d￿￿lEY and ￿SpeCt., eff￿lencY and h￿h performance., being a teanF ('we, not l ),' making a dffe￿nce., and doing the rwhl tljing. While the Charity's culture will undoubtedly evolve as we develop and grow. these values conlinue as an anchor and guide. Page 3 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Activities. achievements and perfomiance . For 8aby'$ Sake For Baby s Sake works with families deeply over a suslained period of up to N¥0 and a half years. During the year, For Baby s Sake teams worked wth 758 individuals, includin9 mothers, fathers, babies and siblings in the family. Of this total, 324 were new enlranls, comprising mothers, fathers, babies and siblings who started their For 8abys S8k8 joumey during the year. There is growing awareness of the need for seThices to improve their engagement with fathers and the value of doing so within a whole-family model. The distinct strengths of OUT whole family safeguarding model were evident in the recognits'on and expansion of For Baby s Sake during the year. In 2021. the Home Office had launched a Perpetrator Pilot Project fund for interventions for those who perpelrale domestic abuse and. most encovragingfy. inlegrate(J support for those experiencing the abuse and prioritising support during pregnancy. A successful bid by the Hertfordshire Police and Crime Commissioner to the Home Office had secured a year's funding to expand For Baby's Sake across Hertfordshire. The successful mobilisalion and delivery resuf(ed in the Home Office providing further funding lo extend the project until March 2023. Over the full grant penod, from August 2021 to March 2023. For8aby s Sake Hertfordshire supported 372 individuals in 95 families. Referrals were received from across the county. particulady in areas of high prevalence of domests'¢ abuse in Wattord and Da￿￿m, where the programme wa$ not available previously. The level of referrals, which at times outstripped available capacty, demonstrated a level of previously unmet demand. Alongside suceesslul delivery of seNices under the grant agreement. the Charty worked closefy with the Office of the Police and Crime Commissioner for Hertfordshire IOPCCI and Hertfordshire County Council and provided rich data on the families being supported. Ihe support they received and the OLrtcomes achieved. as the OPCC'S testimonial during the grant delivery demonstrated. °The ForB&by's Sake Tmsl is an exemp18rypartnerlo the OPCC forHertfordshire in the Home Off￿e Pe￿￿trator Pilot Project, whKh runs lo March 2023. They Mobil￿ed swrftly. delNer lo t@h1 tin7es¢ales and contribute stratagicalty to our Proiecl 8oaffl and evaluation eXe￿ISe. Their data and naffative Trports aTr 81 the centr8 of our quarterly rofurns fo the Home oifKe." Chri$ Brace. Chief Executive. OPCC Hertfordshire. For B8by's Sake H¢rtford$hlre". one fatherfs ¢h•ng¢ Journey Jack had a lurbulenl and violent upbringing wlhoul prote¢live factors. He blamed himself for what happened lo him. As a child. he internalised the conclusion that he was bad. He was angry and violent and had an extensive drugs-relaled criminal history. Working with his For Babys Sake Practitioner, Jack learnt for the first time that tslhers would not let him dob*n. He be¢ame able lo fo¢u5 on doing the same for hi5 children. supporting them lo validate their emotions. The progiamme's Iherapeulic CO￿ was Iransfomiational, enabling him lo change perspeth've about the kind of person he was and could be. releasing the pressure on his inner child. He came lo understand what had been his parents, responsibilities and that they had let him down. He became able to understand his anger and triggers and develop healihy strategies for relating to others and has stayed abstinent from drug5. He has spoken about the impact of For Babys Sake for him and his children.. 'My PTr¢lrt￿ner Trcognised the dislmst I had with allprofessionals and was patient and persevered. I learnt lo Irusl him more and MO￿ and l also learnl to tmst myselfand be MO￿ open....made me ￿ v￿W things morn, 'BeNng 5UPPOrted helped me lo start taking self4are, Spec￿L811Y in teffnRS of tFJental health. 'B￿gest impact it has had on me in ternps of pa￿￿ting is the need to put my focus on the child￿￿ at all times. This was more drfr￿uIt to do at the beginning but ft caffle natu￿lty toWa￿S the end of the Progtan7me and I continue lo do thAS' Page 4 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 In November 2022, For Babys Sake won a nationalty significant safeguarding award. The Children and Young People Now ICYP Now) awards recognise and reward innovative and outstanding practice. Blackpool ForBaby's Sake. delivered through the Charrty's partnership wrth Blackpool Better Start. won the CYP Now Safeguarding Award. This award was given to the project judged to be making the biggest contribution to keeping children and young people safe from harm, induding through exceptional teamwork and multi-agency working. The citation from the judges highlighted the therapeutic delivery of For Baby s Sake and the impact of the programme on babie5 and the whole family. Bla¢kpool Better Start had nominated For Baby's Sake for the award in re¢ognrtion of the difference that For Baby's Sake was making to babies and familie$ participating in the programme and to wider system ¢hange, professional practice and culture, through the ripple effect of the programme and team's ways of working. The application for the award by Blackpool Better Start sel out Ihe local safeguarding conlexl, as a town with significant challenges and also a place that pnorilises Ihe early years. al both a strategic and community level. and understands the importance of the first 1001 days. It stsled that.. 'TlJe n&&d to S8fegu8rd children from btsing &xpos8d lo a0￿81$& eX￿rienCeS as 88rfy as possible is & major public health ￿S￿e. 'Keeping chAldren safe within fam￿1&S is a keyprw tsrlhe lown and rnquiTrs the innov81we approach provided by For8abys Sake" The application quoted the Independent RevieTrMng off￿er Iwho has a key role in care proceedin9sI, givin9 feedback lo For 8abys S8k& about the programme working in partnership with statutory safeguarding services.. "Yoursgrv1￿ has been absolulgly wonderfullorthis ram￿Y- togelherwith the pre-birth assessment and the s￿{al c?r8 inleThenlion- whon we gol Ihe liming rwhl and the support nghl, it really does ¢hang& lives" The London Bi-Borough For Baby s Sake service continued lo engage a diverse population across Weslminsler and Kensington & Chelsea. Since before the service was launched, a mults-agen¢y operational grtsup has mel quarterly lo support partnership working and the ongoing development of the service. The group also acts as a forum for sharing learning and ideas beNveen For Babys Sake, statutory services and other domestic abuse or family support services on how to address common challenges and opportunities. Themes discussed during the year have included cultural competency to meet the intersectional needs of families in London and how to reach parents by overcoming barners of shame or suspicion of service5 and harnessing their molivalion. The qualilalive data shared by For Baby s Sake has been helpful in illustrating how the service has empowered parents lo build their self-esleem and agency". .1 think of For Babys Sake as a community that I gel lo be a part of...despite the stuma l originally experienced in reaching out lor help, l in proud lo be included this Cornfflun￿- Mother 'lin working on myselfand this gwes me Ihe chan¢e to make the Changes and focus on myself. lin now able to understand my baby in our time logether. My view has changed on the importance of following my baby during lime with her.....it's allowed me to feel much more COnf￿ent.._ Father .1 fyally appreciate that you stayed patsent knowing i fittRd ft ha￿ to open up or speak al)out things. You showed understandAng ofwhere l am ¢oming fft)m andgwing guidance and support $0 l Can make better decis￿￿$. You helped me lo confront the fact that what was happening was nol okay and has long-term impact on me and my baby.'_ Mother Page S THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Strategic discussions with the Bi-Borough authorities about sustaining and developing the service led to the exciting idea of developing a London service. wth Westmin51er and Kensington & Chelsea as the cornerstone authorities, working with the Charity to encourage other London boroughs to come on board. This way ahead was agreed towards the end ol the year and in March, the expansion in London began wrth Haringey Council buying into the service to have a small caseload and some training for children's services professionals. The model of ForBaby s Sake teams working wth a number of local authorities across a wider geographical area began through the estsblishment of the For Baby's Sake CONNECT service in March 2021. For Baby s Sake CONNECT was created through learning during lockdown, when 311 For Baby's Sake team$ moved seamlessly to holding one-to-one ses$ion$ wth parents through video and phone technology. Holding all sessions through video or phone calls mean that For Baby's Sake Practrtioners can work with families located anywhere in the UK. Two years after launch. by March 2023, over 50 families across 15 local authority areas from Durham lo Dorsel had engaged wrth For Baby's Sake through the CONNECT service. Continued delivery through thi$ innovabve delivery Channel during the year demonstrated the su¢¢e$s of remote working, with skilled For Baby's Sake Practrtioners working therapeutically with parents and contributing strongly to multi-agency safeguarding to support a caseload wrth high children's safeguarding needs. Of the caseload of 32 families being supported by the CONNECT team al year-end, 26 were above the threshold for children's safeguarding and of these seven were in care proceedings. Parents engage well over video and phone calls with all aspects of the programme. including the wpport th resolving their childhood trauma and wth providing attuned, sensitive care for their baby.. °Helping me lo remember things fmm the past by golng back Ihere. 8elng able to talk lo my dad and lell him IhNngs that I wasn't happy aboul. To tell my mum then whal I needed lo say so I dony have lo tell her now. It was good lo ggl stuff off my chesl"_ Father, ¢)n the Inner Child sessions ￿ere he spoke lo his parents as ifthey were present. "Talking lo baby bump - I found that so drffKult al fir51. It was the mosl special thing and I'm so prt)ud ol it" Mother. on the positive emotions she fell after being supported lo bond wlh her baby antenatslly. b. Systsm Change The Charity's system change work includes creating and sharing tools and resources, supporting wider professional practice and Influencing local and national understanding and systems to promote Irauma-informed and attachmenl-focused. whole famity approaches. Collabtsralive work is key and the Charity was delighted lo be the domestic abuse lead in a Safer Beginnings partnership. funded through Govemmenl tampon lax funding. led by charities 8est Beginnings and White Ribbon Ajliance UK and involving diverse charities, by-and.for services and communty advocates. The Safer Beginnings Partnership's aim wa5 to reduce harm and violence perinatally and address birth and maternal outcome inequalities by empowering parents th sew-agency. The Charity worked with Safer Beginnings partners to create new Emotional Safety Plan lools. These can be used by anyone preparing for the birth of a baby to record what they may need to feel safe emotionally before, during and after birth. For example, mother5 and fathers can record how mithw.ves and other Pfofe5siona15 can be supporbve by their words and actions, so that parents feel heard and understood. Parallel Emob"onal Safety Plan Tools have been ¢realed for professionals to record what they need to feel emotionally safe and supported in their roles and use these, for example, in supervision sessions and debriefs after particulady traumatic birth incidents. The tools are proving particularly valuable for parents who have had traumalic past experiences in Iheirjourney lo parenthood or those where there are safeguarding risks. A5 one mother sa￿. .1 f&&} more safe An the hosprtal after complelAng the emot￿￿81 safety plan. 8SP8cially as the s￿181 worker and midwife We￿ sent it, as it fell as rfthey had ￿ad rf as people acted that way." Page 6 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Charity also played a leading role in the development of Safer Beginnings films to encourage help-seeking by those affected by domestic abuse. In all these films, For Babys Sake parents share generously what they have gained from the programme. along wth parents who have ie¢eived support from diffeienl sources. Our Charity's Director of Operations and 3 Practitioner are among the professionals who also contribLJte to this powerful suite of films. Three films support those experiencing domestic abuse by addressing questions frequendy in people's minds.. Is my relat￿nship abuswe? Who should I tell? What will happen if I tell someone? In a further film. "Is my behaviour abusNe?" a For 8aby s Sake father courageously and candidly shares his change journey and what this means especiaity f¢y his fv40 young children, now school age, who were born while he and his co-parent were being SUPPOrted by the programme. We are immensety grateful to this father and all the parents who contributed to the Safer Beginnings films, wanting to give something back by using their voices and experiences lo encourage others to gain lrfe￿hangIng support. The Charty's influence and leaming was visible in key national guidance issued during the year. In July 2022. the Government publi$hed the Statutory Guidance a¢¢ompanying Ihe new Domestic Abuse Act. This in¢luded text identifying babies as "particiilarly vulnerable., stating that.. 'Domestic abuse experienced dunng pregnancy in ulero and in the e8rliesl years is h8m7ful lo birth oulcomes and b8bies' earty developmenl, and pointing lo benefi15 for children and parents of"traum8-inlormed Supp￿ duiing pregnancy, posl-birth 8nd into Ghildhood." Thi$ lexl honoured Govemmenl ¢ommth)enls ma¢Je during Ihe passage of the legislation through the House of Lords, in response lo stakeholder evidence. led by the Charrty, aboul Ihe needs of babies and their parents. In September 2022. For 88bys Sake was highlighted for ils grounthbreaking wholevfamily approach and work with fathers. in a national report by the Child Safeguarding Practice Review Panel, tilled 'MultN-ag&ncy safeguarding anddomeslic abuse.. This guidance sets common Ihemes emerging from serious case review8, as well as from learning ttom evidence and stakeholder feedback on effective practice. The report idenlrfies four core and interrelated principles that should underpin work with children and young people. their parents, wder families and nefv￿rks In relation lo domests¢ abuse.. trauma informed,. domestic abuse-infom)ed", intersectional." and whole-family. The report's authors met the Charty's Senior Leadership Team and had discussions with Team Managers or Practitioners across all For Baby s Sake sites. which helped to identify the core principles and understand how they are inlerconnecled. The report's Information about ForBabys Sake quote5 evidence from the King's College London evaluation of the programme, which connects well ￿ the Panel's recommended core practice principles. The Charity's national contribution to system change is demonstrated particulady by an initiative to identity a Core Outcome Set ICOS) for dome5tsc abuse programme5 focused on children and families, which could be used a5 the starting point by those working wlh families. researchers. commissioners and policy-makers. Th15 could lead lo harmonising measurement and enable comparison of impact. During the year. there were growing indications, including in guidance and other publicatsons, of the Government embracing the outcomes identified through this initiative.. Child emotional heakh and wellbeing Feeling5 of safety Freedom to go about daity lrfe Family Relationships Caregiver emotional health and wellbeing Page 7 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 These had been developed through a MUlt￿dIsCiplinary research project, led by UCL and supported by a Steering Group Including the Charity. The inrtialive had rts ongins in discussions that the Charity had co-insligaled between stakeholders in 2015 about ￿rfIe￿nI approaches to assessing the impact of domestic abuse intervents'ons and whether a consensus could be buitt. The work continues, with a locus on how best to measure these outcomes. In a separate though related exercise, the Charity is playing a major role in the development of an overarchin9 common outcomes framework for children and families. working closely wlh other charities, government departments and the Office of the Children's C¢)mmissioner. A report, led jointly by the Charty and Kindred Squared. sit$ at the core of the Children's Commi$$ioner'$ report on e$tabli$hing a common outcomes sel, as part of her recommendations in the Family Review, published in December 2022, 'Outcomes Framework.. Annex 10 8 Posltive approach to parentijryg.. Part 2 oflhe Independent RevR w., The prionty throughout these initiatives is to identify the outcomes which matter most to those children, parents and familie$, rather than those that might be easiest to measure. Indeed, the inrtialives ¢onlinue with recognition that il is not straightforward to assess impact of intervents'ons in these terms. The Charty continues to use it$ onvening expertise to work wlh multi-agency, muhirflisciplinary partners lo find solutions. The For Baby's Sak8 change mechanisms and desired outcomes map well against the Common Ouleomes for children and families and the Core Outcomes for domestic abuse services. through ils whole-family focus on emotional and social developmenl of the baby and emotional regulats'on and empowerment of parents. Flnanclal rOv￿W a. Results for the year The accounts for this financial year, April 2022 to March 2023. provide separate inforniation on the Trust's two distinct areas of charitable activty.. For Baby s Sake Ithe Charity's flagship programmel., and System Change (embedding Iransferrable lessons on practice and shaping decision-making framework5 sueh as policy and public under51andingl. The accounts also clearly IdenlTfy how restricted funding is used (having been put towards the For 88bys Sake area of acbvityl. The Charity achieved income of £1,672.979 in the year and spent £1,567.482. These totals included £696,851 of restricted income which was spent in fvll. In the previous year, the Charrty had received income of £1,362,211 and spent £1,472,222. The vast maiorty of expendrture in both years related lo the delivery, oversight. leadership and development of ForB8by's Sake. The other areas of expendilure were on system change and on fundraising, where growth in expendrture from £16.729 in 2021122 to £50.180 in 2022123 signalled the start of a shift to greater focus and investment in income generatson. The Charrty had brought lorward reserves of £430.926 at the beginning of the financial year and carried forward £536,423 al year*nd. The Charity is gratefvl to all those have generousty made grants and donats'ons. Every contribution, whatever the amount, makes a drtference. The Charity received four restricted grants tluring the year. The largest was the grant frtsm the Office ofthe Police and Crime Commissioner for Hertfordshire. worth £495.313. which was sourced primarily from the Home Office. along wth local public sector match funding. Two other significant grants, worth £200,000 in total, were from Westminster City Council and the Royal Borough of Kensington & Chelsea to support the delivery of For Baby s Sake across the Bi-Borough authorits"es. A small proporb.on of a grant received towards year-end from Haringey Council funded work that began this year and continued into the followng financial period. Page 8 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Contractual income of just over £7,000 was received, almost wholly comprising the final tranche of funding from Safer Beginnings alliance led by Be51 Beginnings and ¥Nhile Ribbon Alliance, wf(h funds originating from the tsmpon lax. to impiove mateinal and knrth 0￿￿me$. notably by empowering expe¢tsnl parents in marginalised Communities. The Charity was delighted to sustain existing fvnding partnerships vthh philanthropic foundations and to establish new relationships. An unrestricted grant of £25.000 from EQ Foundation was inspired by the innovation of For Baby's Sake and especially the expansion of ils reach through adopting the learning about remote working across wider geographical boundaries, tested through the For Baby s Sake CONNECT delivery channel. Unrestricted grant fijnding totalling £825,000 was received from UBS Optimus Foundation. This included £750,000, originating from a donation from Stelio Slefanou lo the Slefanou Foundation, which was granted lo UBS Optimus Foundation for onward payment as an unrestricted grant lo the Charity. UBS Opts'mus Foundation added their own 10% matched lunding conlribvlion. tolalling £75,000. to the grant. The For Baby's Sake Trust was one of a dozen children's charities to be selected for support by an innovative Hertford5hire charity. Helping Herts, which was established by philanthropist Gordon Morri50n and Slort Valley Rotary Club, lo raise the profile ol local charities and support and match their community and philanthropic lundraising. Initiatives included each charrty holding a sponsore(J walk along different stretches of the Hertfordshire Way. as well as supporting each charity'$ own ways of generating philanthropic income. The Charity was extremely gralefvl to receive £52.000 through its partnership Helping Hert$. The Charity's in-kind support induded a secondmenl from John Lewis Partnership, through ils Golden Jubilee Trust scheme, lasting six months and valued by the Charity al £15.000. This enabled the Charity lo create a temporary position ol Creative and Community Outreach Officer. The secondee's role in John Lewis was as Brand Experience Advisor and she used her skill$ to lead various proje¢l$ during her $econdmenl, in¢luding the design of new Emotional Safety Plan tools, plus inrtiatives and resources to support the development of the Charity's Equalty, Diversty, Indusion and Equalty framework. Stelio Slefanou donated volunteer lime of two employees wlhin his office. valued al £5.000. The Charity also received donated seNices from Kim Technologies. valued al £42,000. which enable the charty lo use ils Kim system as a For Baby s Sakg data platfomi. The Charity is grateful to the team at Kim Technologies, noting that the Company's Board 1$ chaired by Sir Nigel KnovAe$, 1$ the spouse of Lady Salty Knowles, a Truglee of the Charity. Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources and a strategy lo continue in operational existence for the foreseeable future. For thi5 reason, they continue lo adopt the going concem basis in preparing the financial slalemenls. The Charity's 51ralegic plan lo sustain and expand For8aby s Sake. and lo contsnue contributsng to system Change, hinges on attracting external funds from public sector, charitable and philanthropic sources. ￿lIe compets'tion for funding remains intense, there are likely lo be additional funding streams aligned to ForBaby's Sake. given the increased focus on tackling domestic abuse in light of new domestic abuse legislation, public policy priorities related to safeguarding and the growng recognrtion of the need for whole-family ￿SponSe$. Further details regarding the adtsption of the going concern basis Can be found in the Accounting Policies. b. Rosorvos policy The Trustees have adopted a reserves policy to ensure that the Charty remains a going concem. The reserves policy agreed by the Trustees is lo aim lo maintsin ￿serveS to ¢over th￿e lo four months, worth of the Trust's expenditure. This reflects requirements to mitigate against short-temi dips in income, have sufficient working Page 9 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 capital and, should a major event occur, be able to wind down in an orderfy fashion. The reserves policy takes into account unrestricted re5erve5 and any reserves reslricled to For Babys Sake, given that this represents the majority of the Charity's expendrture. F￿e reserves. those rese￿e$ which are unrestricted as lo use, easily realisable and not committed or invested in tangible fixed assets held by the Charity. were £532,031 at the year end (2022 - £422,900). Trustees have set a budget for the year ending 31 March 2024 wth expenditure of £1,544,000 creating a reserves target of £386,000- £514,667, meaning that actual reserves were slightly ahead of target and considered by the Trustees to be at an acceptable level, which is adequate lo cover possible additional growth of the organisation into the nexi financial year. The Board wll conbnue lo review the reserves policy in light of the Charity's groth slralegy. Plans for tho futur• Since year-end. the focus on income generation and diversrficabon has been feflected in increased investment. with senior leadership focus and activity alongside the recruilmenl of fundraisers. Earfy success ha$ been highly promising and new funding partnerships wth Trusts and Foundations are being established. Notably, the Charity has Secured a multr'.year unrestricted granl from Esmée Fairbaim Foundation, inspired by the innovative work with families through For8abys Sake and Ihe learning forwder practice and systems. particularly regardin9 how lo support the emotional regulation of babies. children and parents. Other early fundraising successes include significant funding from The Hollyhock Foundation and The Dulverton Trust. Income generation and diversificats'on objectives rellect the Charity's strategy for scaling up both ForBaby s Sake and our system change work. Organisalional and strategic planning lo underpin the gro¥th includes expanding and diversifying the Board membership through a recruitment exercise. refining the Trust's business plan and tjeveloping a regional scale-up model for expanding For &ibys Sake. This regional model combines the value of teams being able to work across wder geographical areas (mainstreaming the leaming from the For Baby s Sake CONNECT protolypel with capacity forteams to build, maintain and harness local and regional relationships and knowledge. This regional approach is already underway wlh the B￿BOroUgh authorities ¢ontributing funding for a Caseload within a pan-London service and actively supporting the Charity to open discussions with other London boroughs. Haringey was the first borough to come on board just before year•end and further London boroughs are interested. The Hertfordshire service has n¢)w become a HertfOrdshI￿ and Bedfordshire service wlh the aim of developing further across the East of England. The Charty wa$ Ihrilled to be appointed as a delivery patkner for the Chrysalis Centre, created by Hertfordshire and Bedlordshire Police and Crime Commissioners and funded for years through the Home Office Perpetrator Projects Fund. The Police and Crime Commissioners are aiming for the Chrysali5 Centre lo become a national centre of best practice and innovation, adopting holists"¢, Irauma-informed models. including whole-family support. Alongside working wlh HertfordShI￿ and Bedfordshire families. the Charity ¥MII be contributing ieaming from its innovative ways of wOr￿'n9 to support the PCCS, strategic ambition for the Chrysalis Centre. The Charity's system change work also continues to devek)p. including thTough sharing of resources and training of professionals al a lo¢al level. For example. trauma insight training has been delivered lo murti-agen¢y professionals in London authoriiies and the Charity has been providing insight and resources in Hertfordshire to support professionals to improve their engagement with fathers who can be invisible and feel excluded from services. Nationally, the Charity's leadership and convening of a mum￿agenCy, M￿￿￿disCIplIn8ry drive towards common outcomes for children and families continues. Thanks to support from The KPMG Foundats'on and Kindred Squared, The Charity worked wth a group of organisations and the Data for Children Collaborats've to hold a Page 10 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 workshop in September 2023 to define next steps and challenges in the fiJrther development of the common outcomes approach. The primary outcome of the workshop wa5 building a clear and agreed understanding of what 5ucces5 would look like and a delivery ioadFnap Trmth sdenb.fied challenge owner5 and defined next 5tep5. The Charity's contributs'on to the nabonal evidence base for children and family-focused responses to domestic abuse took a major step forward in June 2023, %Mth For Baby s Sake featuring in three national reports. These were published by Foundations, the new national What Works Centre for Children and Families, created through the merger of Mlhat Works for Child￿n,$ Social Care and the Earfy Inlervenbon Foundation. The publication of these reports immediately upon completing the merger and launching the new organisation reflects the priority that Foundations places on strengthening undefslanding and evidence on what works in tsckling domestic abuse. One report, "Improving Outcomes for ch￿dren Wrth Child Protection Concems Who Have Been Exposed lo Domestic Abuse" was a rapid review of exisbng UK and inlemalional evidence. For8aby s Sake was one of only six whole-family inlervenlions idenlifieil for ils promising model of working. with positive changes including reductions in domestic abuse, improved parental mentsl heallh, babies reaching expecled levels of development and reduced children's safeguarding. The other two reports are 'DomestK Abuse Programmes for Chiklren and F8milies.' Programme Promise and Evaluation Feasibility. and "Underslanding SernAce User Data Processes Wilhin a Domeslic Abuse Inl&rvention Conlexl" These reports are the o(rtpui of six month$ of work. wlh Foundations land ff($ prede¢es$or bodiesl working with The For Baby'$ Sake Trust land $imilady %Mth other $eryi¢esl, to infomi how tg build the UK evidence base. For Baby's Sake had been chosen to contribute to this research through a competitive process, based on ils promising model, delivery and evidence-based approach. The report findings are being used lo inform national research prior￿'e$ and methodologies. The Charrty is using the findings lo infomi next slepg in ils own evaluation joumey. The Charity's input to these reports included people from across all teams participats'ng in a theory of change workshop about For Baby's Sake plus focus grou￿ and Interviews. The Charity provided qualilalive and quanlilatsve data and the Foundations team met some parents parbcipating in For Baby's S8k&. Alongside the published report. Foundat'ons provided di￿¢1 feedback lo Ihe Charity on their insights about For Baby s S8ke, including the importance of parents. emolional regulation as a 'gateway to all other outcomes,. The Charity and 115 Board of Trustees are immensely proud of the work with parents and il wa5 a testament to the Iherapeulic work ol For Baby's Sake Pra¢trtioners when Foundations highlighted their qu81rties as key enablers, which the Charity wll continue to value and hamess in the nexl phase of grO%￿h and development.. 'For Baby's Sake is fjexible enough to awow forpractitioneriudgment to gU￿e programme delwery, focusing on module sequence that follows parents, indwidu81ii)umeys" °Practitione￿ hwhty $kHIedandf￿ffl d￿e￿I￿¢ disciplm8ry backgnjunds, with particularskills values, such as patience, c￿81￿￿, sensrfwRy and inturfw l)uift fmm p￿vIouS expeffy8nce" Structure, govomance and management Constitution The Charity is registered as a charitable Company limited by guarantee and was set up by a Memorandum of Associats'on on 2 October 2008 and registered as a Charity on 28 October 2008. The Charity's change of name from The Stefanou Foundation to The For Baby's Sake Trust took effect on 8 August 2020. The Charity updated ils Memorandum and Articles of Association in September 2022. such that all Trustees are now Members of the Charity. Page11 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 a. Method of appointment or election of Trustees The management of the Charty is the responsibilrty of the Trustees who are elected and ctropled under the terms ol the Arb'cles of Association. b. Organisational structurn and dKision making The Trustees were recruited lo provide the Charrty vthh the necessary Charity governance, commercial and management experience lo meet its core objethves. In parb"cular, Trustees were asked lo.. 8e responsible for the strategic direction of the Chanty. ensvring that rt is well-run, achieves i(s goals and 1$ adequately resourced Define the Charity's vision and goal$ Ensure the Charity complies Charity Law and delivers the charitable outcomes for which it has been established Have an interest in the cause and bnng a commitment of lime. energy and nets¥orking lo achieve goals Approve all grants made and programmes developed by the organisats.on Meet as a Board al least three limes per annum. Policies have been agreed cOn￿rning the followng area$'. Application of Funds Appoinlrnenl ol Trustees Compliments, Comments and Complaints Conflids of Interest Data Protection. Infomation Security and Confidents"ality Equality, Diversty and Inclusion Financial Procedures Manual Gift A¢ceplan¢e Investment Management Reserves Staff Handbook Safeguarding c. Policies and procedures for induction and training of Tru$te•s The Board of Trustees has fulty undertaken its governance responsibilities throughout the year, including by thoroughly scrulinising the data and operational progress of For Baby s Sake. The Trustees are also actively involved in the strategic development of the Charity. notably the strategy for developing and expanding ForBaby's Sake, deepening its evidence base and extending its conlribubon to system change. The induction and ongoing training of Trustees is designed to equip Trustees with the kno¥￿edge and understanding to fvifil these responsibilities, including through opportunrties to meet For8aby's Sake pracb'tioners to hear directly from them about how the programme operates. Dame Lin Homer worked Closely with the Senior Leadership Team and the Board of Trtjslees in preparation for taking over as Chair. Her induction has included meeting ForBaby's Sake teams and joining a visit to Blackpool to meet the team. key partners from Blackpool Council and Blackpoc*l Better Start and, above all, to meet a group of parents and children who fed back on the transfomiational difference in their live5 through participating in For Baby's Sake. Page 12 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Trustees are well briefed on the evidence base underpinning the Trust's work, to ensure they are equipped to ascertain that the work remains evidence-based. The safeguarding of adults, babies and children is at the heart of the Trust's Work. The Board values the safeguarding expertise and Board-level leadership of Jon Chapman who was the Board's Independent Safeguarding Advisor until September 2023. when he accepted an invitation to become a Trustee, which took effect with his fom)al appointment to the Board of Trustees on 13 November 2023. He will continue as the Board's Safeguardin9 Lead, maintaining a strong working relationship with the Trust'5 Oirector of Operations who is the Designated Safeguarding Lead, and providing 5UPPOrt including safeguarding training for Trustees. Tw$tsg8' Indgmnlllg$ Trustees benefit from indemnity insurance lo cover the liability of the Trustees which by virtue of any rule of law would otherwise attach lo them in respect of any negligence. default or breach of trust or breach of duty of which they may be guilty in ￿latIon to the Charity. The cost of this insurance in the year has been included within total insurance costs. Arrangaments for s•ttllng pay and r•mun8ration of Kay Managemant Porsonn•l To dale. the Chair, in consuhation ￿￿th the Board as appropnate. has settled pay awards for the Senior Leadership Team and indeed the whole slaff team. As part of the charity's development, the 8oard has agreed that remuneration wll be subject lo a Board report and approval. Decisions on pay are taken in light of benchmark data about annual pay awards across Ihe voluntary and public sector and reviews of comparative salaries, to ensure that salaries are competitive and reflective of the demanding nature of the Charity's work and the high calibre of staff al all levels, who deserve huge credit for what they are achieving. d. Rovlewand manag•mentof rlsk A risk re9lSter is maintained, covering the most significant risks and an explanation of the corresponding mitigating actions. The categories of risk and mibgaling actions and approaches ale summarised below.. Operational." for example, Safeguarding risk5 to babie5. Children and adults related lo domestic abuse or abuse or neglect of children, risks lo staff." sensitive personal data breaches. Robust safeguarding policies and procedures are in place and regular audits ol safeguarding take place. Various features of For Baby s Sake have distinct benefits for safeguarding. including its whole-family approach and strong multi-agency partnership working. Information sharing consent processes are kept under review as part of the Charity's protection of personal data. The Charity continues lo assess nsks and benefits associated with remote and hybrid models of working therapeutically wth families and lo support employee wellbeing and effective teamworking. wth staff now being home-based. Slralegic.. for example. failure lo maximise the impact of For Babys Sake for current and future generations, for reasons such as insufficient funding to scale up the programme or a loss of fidelity to the programme's model as it expands. Strategic priorities include.. continuing to develop the scale-up strategy for the For Babys Sake programme and the system change work., growing and diversifying the Charity's income,. and continuing to build and deepen the evidence base regarding how For Baby's Sake empowers parents with what il lakes lo break inlergeneralional cycles of domesti¢ abuse and Childhood trauma. Reputational.. for example, problems Trmth the operational delivery of ForBaby's Sake or failure to deliver on commitments or lo achieve wder strategic inlluence. The Charrty's careful communication and partnership working wrth mulli-agen¢y partners ¢ontribute signtficantty to ensuring robust safeguarding and clear understanding of the For Babys Sake model. The register 15 reviewed at each Board meeting and updated in the light of latest actions and discussions at the Board meeting. Page 13 THE FOR BABY'S SAKE TRUST IA Company Limited by Guarantee and Registered Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Fundraising standards inforniation The Charity is thankful lo all those who have donated or awarded grants or contracts to the Charity. Every donation. grant and ¢onlra¢l contributes to enabling the Chartty to empower parents lo break ¢y¢les of domestic abuse and give their baby the best start. The Charity has been registered with the Fundraising Regulator wth effect from 10 April 2019. Members of the public can donate through the facility on the Charity's website lo donate via the Charity's CAF account. There was an increase in ftjndraising al a community level during the year through the Charty's inclusion in the Helping Herts initiative. The Gift Acceptance Policy supports the Board and Senior Leadership Team to ensure that only appropriate gifts are accepted. The Charity complies wth the Code of Fundraising Practice. There have been no complaints lo the Charity or the Regulator and no failures to comply with a scheme or fundraising Standard. Audltoys The Charity's independent auditors, MHA Ifom7erly MHA Maclntyre Hud$onl (UK member of Baker Tilly Inlemationall have indicated their willingness to continue in office. Following a rebranding exercise on 15 May 2023, their trading name changed from fv1HA Ma¢lntyre Hudson to MHA. Preparallon of th• Report This report ofthe 8oard has been prepared taking advantage ofthe small companies, exempb'on of Section 415A of the Companies Act 206. This report was approved by the Trustee$ and signeil ￿ their behalf by.. Dame Lin Homer Chair Date.. 7 December 2023 Page 14 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2023 The Trustees Ivtho are also the Directors of the Charity for the purposes of company lawl are responsible for preparing the Trustees. Report and the financial statements in accordance wth applicable law and United Kingdom Accounts'ng Standard5 Iunited Kingdom Generally Accepted Accounting Piacticel. Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the Charity and of rt5 incoming resource5 and application of resources. including ils income and expenditure, for that period. In preparing these financial stslements, the Trustees are required lo.. select suitable accountin9 policies and then apply them consistently., obseNe the meth¢xls and principles of the Charities SORP IFRS 1021.. make judgements and accounbng esbmates that are reasonable and prudent., stsle whether applieable UK A¢counling Standards IFRS 1021 have been foll0v￿￿. subject to any material departures disclosed and explained in the financial $tstements'. prepare the financial statements on Ihe going concem basis unless il is inappropriate lo presume that the Charity wll contsnue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charity's transactions and disclose wth reasonable accuracy al any time the financial p0511ion of the Charity and enable them lo ensure that the finan¢ial slalemenls comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the Chanty and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularilies. In so far as the Trustees are aware.. there is no relevant audit infomialion of vthi¢h the Charity's auditor is unaware,. and the Trustees have taken all Steps that they ought to have taken to make themselves aware of any relevant audit information and to eslablish that the auditor is aware of that informab'on. Approved by order ofthe Members of the 8oard ol Tw$lees and signed ¢)n its behalf by.. Dam• Llnda Homer Chair Date.. 7 December 2023 Page 15 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE FOR BABYS SAKE TRUST Oplnlon We have audited the financial statements of The For Baby's Sake Trust Ilhe 'Charity'l for the year ended 31 March 2023 vA)i¢h Comprise the Slalement of Financial Activilies. the Balance Sheet. the Statement of Cash Flows and the related notes, including a summary of significant accounts'ng policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Repo￿.￿9 Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland. (United TrQ"ngdom Generally Accepted AeLounling Practice). In our opinion the financial ststements.. give a true and fair view of the stale of Ihe Charity's affairs as al 31 March 2023 and of its incoming resources and application of resources, including ils income and expenditure for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance the requirements of the Companies Act 2006. Ba$1$ for oplnlon We conducted our audit in accordance wlh Inlemational Standards on Audrting IUKI IISAS IUKII and appllcable law. Our responsibilities under those standards are fvrther described in the Auditors, responsibilities for the audit of the financial statements section of our ￿port. We are independent of the Charty in ac¢ordance wlh the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance wth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concem In auditing the financial stslements. we have ￿ncluded thal the Tru$lees' use of the going concern basis of a¢¢ounting in the preparation of the financial statements 1$ appropriate. Based on the VK*rk we have perfomed, we have not idenltr￿d any malenal uncertainties relating lo events or conditions that. individually or collectively. may cast signtficanl doubt on the Charity's ability lo continue as a going concern for a period of at least iwelve months Irom when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees *ith respect to going concem are described in the relevant sections of this report. Page 16 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE FOR BABYS SAKE TRUST ICONTINUEDI Other infom)ation The other informats'on comprises the infom7ation included in the Tnjstees, Report other than the financial ststements and our Auditors, Report thereon. The Trustees are responsible for the other information contained thin the Annual Report. Our opinion on the financial statements does not cover the other infomiation and. except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial slalemenls or Ouf kn￿edge obtained in the course ol the audit. or olheThMse appears to be materially misstsled. If we identify such material inconsistencies or apparent material misstatements. we are required to detemiine ¥thether this gives rise to a material misstatement in the financial ststements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other informab'on, we are required to report that fact. We have nothing lo report in this regard. Oplnlon on oth•r mattern prn8crlb•d by th• C¢mpanlM Act 2006 In our opinion, based on the work undertaken in Ihe course of the audit.. the informabon given in the Trustees. Report for the financial year for vthich the financial $tslement$ are prepared Is consislenl wlh the financial slatemenls. the Twslees. Report has been prepared in accordance vAth applicable legal requirements. Mattors on whlch ￿ are r•qulrod to roport by exceptbon In the light of our knovAedge and understanding of the Charity and ils environmenl obtained in the course of the audit, we have not identified material misstatements in the Trustee$, Report. We have nothing lo report in respect of the foll0v￿n9 matters in relab'on lo thich Companies Act 2006 requires us lo report lo you rf. in our opinion.. adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us., or the financial statement5 are not in agreement wrth the accounting re¢ords and retums., or certain disclosures of Trtjstees, ￿ mtjneration specified by law are not made.. or we have not received all the infomialion and explanations we require for our audit., or the Trustees were not enlrtled lo prepare the financial statements in a¢cordan¢e wlh the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees, Report and from the requirement lo prepare a Strategic Report. R8sponslbllltl8s of Trust8eS As explained more fully in the Stslement of Trustees. Resw)nsibilrties. the Trustees l%tho a￿ also the Directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair wew. and for such internal control as the Trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Page 17 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE FOR BABYS SAKE TRUST ICONTINUEDI In preparing the financial slatemenls. the Trustees are responsible for assessing the Charity's ability to Continue as a going concern, disclosing. as applicable. matters related lo going Concern and Ljsing the goin9 concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realists'c altemative but to do $0. Audltors, r•sponslbllltl•s for tho •udlt of th• financlal stst•m•nts Our objectives are to obtain reasonable assurance about vthelher the financial statements as a whole are free from material misslalemenl. whether due lo frausy or error. and lo issue an Auditors, Report that Includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI wll a￿y$ detect a material misstslement vthen rt exi$ls. Mis$latemenls can arise from fraud or error and are considered material rf, 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. Irregularity'es. including fraud. are instsnces of non-compliance laws and regulations. We design procedures in line with our responsibilrtj'es, outlined above, lo detect material misstatements in respect of irregularities. including fraud. The extent lo vthich our procedures are capa1￿e of detecting irregularities, including fraud is detailed below.. Obtaining an understanding of the legal and ￿guratory frameworks that the entity operates in, focusing on those laws and regulations that had a direct effeet on the financial stalemenls.. Enquiry of management and those charged wih govemance to identty any instances of known or $u$pecled instance5 of fraud.. Enquiry of management and those chargeil wth govemance around actual and potential liligalion and claims., Enquiry of management about any instsnces of nOr￿comPli8nce wth laws and regulations,. Reviewng the ¢ontrol Systems in place and te$ling the effectivene$$ of the ¢ontrols', Performing audit ￿fIrk over the risk of management override of controls, including lesling of journal entries and other adiuslmenls for appropriateness". Evaluating the business rationale of significant Iransactions OUts￿e the nom)al course of business,. Reviewng a¢¢ounting estimates fow bias", Reviewng minutes of meetings of those charged %Mth governance,. Reviewng financial statement disclosures arKI testing to supporting documentation to assess compliance with applicable laws and ￿gulatiOnS. Because of the inherent limitstions of an audii. there is a risk that we wll not detect all irregularities. including those leading to a material misstatement in the financial statements or non-compliance wth regulation. This risk increases the more thal compliance wth a law or regulation is removed from the events and transactions reflected in the financial ststement5. as will be less likely to becoTne aware of instances of non-compliance. The risk is also greater regarding Irregularrties ¢)ccurring due to fraud rather than error, as fraud involves intentional concealment, forgery. collusion, omission or mis￿presentstion. A further description of our re5ponsibililies for the audrt of the financial statement5 15 located on the Financial Reporting Council's websrte al." www.frc_o -uklauditorsres nsibililies. This ￿e￿rIptIOn foms part of our Auditors, Report. Page 18 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$t•rgd Charftyl INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE FOR BABYS SAKE TRUST ICONTINUEDI Us8 of our report This report is made solely lo the Charty's Membefs. as a body. in accordance wlh Chapter 3 of Part 16 of the Companies Act 2006. Our audit ￿t$rk has been undertaken so that we might state to the Charitls Members those matters we are required to state to them in an Audrtors. 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 Charity and its Members. as a body, for our audit work, for thi5 report, or for the opinions we have formed. Stuart McKay Bsc FCA DChA Isonlor Statutory Audltorl for and on behalf of MHA Statutory Auditor London, United Kingdom Dale 1311212023 MHA is the trading name of Ma¢lntyre Hudson LLP. a limrted liability partnership in England and Wales (registered number OC3123131. Page 19 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Total funds 2022 Noto Incom8 from: Donations and grants Charitable activities Investments 966,414 T.352 2,362 696.851 1.663,265 7,352 2,362 1,341, 166 21,000 45 Totsl income 976,128 696.851 1.672,979 1,362,211 Exponditure on: Raising funds Charitsble activities $0.180 820.451 50,180 1.517,302 16, T29 1,455,493 696.851 Totsl expendlturg 870.631 696.851 1.567,482 1,472,222 Not movfrmont In fundi R•con¢lIla￿on ol funds- Total fund$ brought forwar Net movement in funds 10S,497 105,497 (110.011) 430,926 10S.497 430,926 105,497 540,937 (110,011) 536,423 536,423 430,926 Total funds carrS•d forwdrd All income and expenditure derives from continuing activib"es. The Statement of Financial Acts'vitses includes all gains and losses recognised in the year. The notes on pages 23 to 45 form part of these financAal statements. Page 20 THE FOR BABY'S SAKE TRUST IA Company Limitèd by Guarantsè and R8gi$tsrgd Charftyl REGISTERED NUMBER: 0671394S BALANCE SHEET AS AT 31 MARCH 2023 2023 2023 2022 2022 Flxod as$•ts Tangible assets 13 4.392 8,026 4,392 8,026 Curront a$$ots Debtors.. Amounts fallin9 due wthin one year Cash al bank and in hand 14 55.280 493,191 152,682 287, T33 19 548,471 440,415 Creditors.. Amounts falling due wlhin one year 15 116,4401 (17,575) Not current a888ts 532,031 422,900 Total not a880ts 536,423 430,926 Charlty funds Restricted funds Unrestricted funds 16 16 536,423 430,926 Total funds 536,423 430,926 The Trustee$ a¢knovledge their responsibilth'es for complwng wth Ihe requirements of the Companies Act 2006 th respect to a¢￿untIng records and preparats'on of financial ststements. The financial statements have been prepared in accordance Vlilh the provisions applicable lo enlilies subject lo the small companies regime. The financial slalemenls were approved and authorised for issue by the Truslees and signed on their behalf by.. Dam& Lln(la Homer Chair Date.. 7 December 2023 Adam Shutkever Vice-chair The notes on pages 23 to 45 form part of these financAal Statements. Page 21 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash Ilows from operating activibes Nel cash used in operating ath"vitses 18 203,096 (128,983) Cash Ilo*¥ from invasting activiti89 Investment income 2.362 45 Ngt cash provided by Invgstlng activltl•$ 2,362 45 Chango In cash and cash equlvalents In the year Cash and cash equivalents at the beginning of the year 205,458 (f 28,938) 416,671 287,733 Cash and c*$h equlvalents at tho end of thfr yo*r 19 493,191 287, 733 The notes on pages 23 to 45 form part of these financAal stalemenls. Page 22 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Gonoral Infomiatlon The For Baby's Sake Trust is a charitable company limtied by guarantee and is registered wth the Charity Commission (Charity Reglstered Number.. 11264591 and Registrar of Companies (Company Registration Number.. 067139451 in England and Wales. In the event of the Charty being vrt)und up. the liabilrty in ￿SpeCt of the guarantee is limrted to £1 per member of the Chanty. The address of the registered office is given in the Charity information on page 1 of these financial statement5. The nature of the Charty's operations and pnncipal activities are detailed in the Truslee5' Report. The significant accounting policies applied in the preparation of these financial slalemenls are set out below. These policie$ have been consi$lentty applEd to all years presented unless otherwise stated. Accountlng pollcles 2.1 8a#ls of pr8paratlon of finlnclal statsments The financial slalemenls have been prepared in accordance the Charities SORP IFRS 1021 Accounting and Reporting by Charrtie$.' Stalement of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The For Baby's S8ke Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwse slated in the relevant accounting policy. The financial statements are prepared in 5teding %thich 15 the functional and presentational currency of the Charty and rounded lo the nearest P¢xJnd. 2.2 Golng ¢on¢em The Trustees have assessed the use of going concem and have considered possible events or conditions that might cast significant doubt on the abilty of the Charity to continue as a going concem. The Trustees have made thi5 assessment for a period of al least one year from the dale of the approval of these financial statements. The Trustees have concluded that there is a reasonable expedation that the Charity has adequate resources to continue in gperalional existence for the foreseeable future. The Charty therefore conb'nues to adopt the going concem basis in preparing these financial statements. Page 23 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounllng poll¢lo$ l¢onllnuod} 2.3 In¢omo All income is recognised once the Charity has entiuement to the income, it is probable that the income wll be received and the amount of income receivable can be measured reliabty. Grants are recogni5ed on this basis. Donations are recognised once the donab'on has been received. The reCOgn￿"On of income from legacies is dependent on establishing ents"Ilemenl, the probability of receipt and the ability lo estimate with sufficient accuracy the amount ￿ceivable. Evidence of entitlement to a legacy exists vthen the Charty has sufficient evidence that a gift has been left to them Ithrough knovAedge of the existence of a valid wll and the death of the benelactorl and the executor is satisfied that the property in question wll not be required lo satisfy claims in the estate. Receipt of a legacy musl be reeogni5ed when rt is probable that il wll be received and the fair value of the amount receivable. vA)ich ￿11 generally be the expected Cash amount lo be distributed lo the Charity, can be reliably measufed. The Charity's Gift Acceptance Policy is to accepl gifts from legally acquired sources that are in line with ils values. Any gift wth a value of £10,000 or more will require a greater level of due diligence lo ensure any potential donor is 5UPPOrting The For Baby's Sake Trust In line the poli¢y. The Charity uses the Annual Report and Accounts, I￿lUding the Trustees. Report. as the main donor recognition tool. Donated services that are consumed immediately are recognised in the accounts as income, with an equivalent amount recogni5ed as èn expense under the appropriate heading in the slalemenl of financial aclivitses. The Charity recognises donated service5, which are given for ils own use and which elherwse M)uld have lo be purchased. They are fecognised véhen they are received. provided the value of the grfl measureus projects during her secondment, including the design of new EmotKJnal Safety Plan tool$. The Charty places a value of £15,000 on this donated service. The Charty is extremely grateful to all those individuals and organi5ations provided grant funding, donations or gifts in kind dunng the year. Page 28 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Incom• Irom donations and grants Icontinu•dl UnrestlFcled funds 2022 Restricled funds 2022 Total funds 2022 Donations and sponsorships Donated services- general sUPPOrt Grants Donated services- licences for Kim database Donated services- For Baby's Sake ladvisory} 4,018 4,018 5,000 7,285. 748 42,000 5,000 875.000 42,000 5,000 410. 748 Total 2022 931.018 410. 148 1,341. 166 Incom• from charftable actlvltb•s Unrastrictod funds 2023 Totsl funds 2023 System Change- Contractual income 7,352 7.352 Unreslricted funds 2022 Total funds 2022 System Change- Contractual income 21,000 21,000 Page 29 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Incom• Irom Investm•nts Unrestricted funds 2023 Total funds 2023 Bank interest receivable 2,362 2.362 Unrestricted funds 2022 Total funds 2022 8ank interest receivable 45 45 Expendlture on ralslng lunds Unrt8tri¢t•d fund$ 2023 Totsl funds 2023 Direct fundraising costs 50,180 50,180 Unrestricted funds 2022 Total funds 2022 Direct fvndrai5ing costs 16, 729 16, 729 Page 30 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of •xp•nditurn on ¢harltabl• a¢tivltl•s - by fund Unrestricted Restricted fvnds funds 2023 2023 Total funds 2023 For Baby's Sake System Change 682.446 138.005 696,851 1,379,297 138,00S Total 2023 820.451 696,851 1,517,302 Unresti?ct8d funds 2022 Restricted funds 2022 Total funds 2022 For 88by's Sake System Change 929,003 116,342 410, 748 7,339, 757 116,342 Tol812022 7,045,345 410, 148 1,455,493 Page 31 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of •xp•nditurn on ¢harltabl• a¢tivltl•s - by ty Activities undertaken directly or collaboratlvely 2023 Support ¢ost$ 2023 Total funds 2023 For Baby's Sake System Change 1,189.560 116.924 189.737 21,081 1,379,297 138,OOS Total 2023 1,306.484 210,818 1,517,302 Activilies undertaken dirgclly or collaboratively 2022 Support costs 2022 Total funds 2022 For Baby's Sake System Change 1, 166.217 97, 128 172,934 19,214 1,339, 151 116,342 Total 2022 1,263.345 192. 148 1,455,493 Page 32 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of 0x￿nditur0 on ¢harltabl• a¢tivltl•s - by l¢ontinu•dl Analysis of dirèct costs For 8aby'$ Sak• 2023 System Chang¢ 2023 Total funds 2023 Staff costs DeP￿ClatIOn Consultants. fees and charges Travel, hospitality and other staff Training and conferences Memberships and subscriplions Marketing and communications Recruitment Project or operational resources IT and telecomm$ and mobile phones Admini51r*tion office and accommodati¢)n Donated service8- For 8aby's Sake {advisory) 1,000.443 1.962 20,873 22.131 7.297 3.026 95,569 1,127 6,016 3,025 2,492 120 715 1.096.032 3.089 26,889 25.156 9.789 3,146 715 13.599 2.153 50,258 7.818 80.000 7,291 20.890 2,1 $3 50,807 7.818 60.000 549 Total 2023 1,189,560 116,924 1,306.484 Page 33 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of 0x￿nditur0 on ¢harltsbl• a¢tivltl•s - by l¢ontinu•dl Analysis of dirèct costs Icontinu8dl ForBabys Sake 2022 Syste Change 2022 Total funds 2022 Staff costs Dep￿ciatIOn Consullanls, fees and tharges Travel, hospitslity and other staff Training and conferences Memberships and subscriptions Marketing and communi￿110n5 Recruilrnenl Project or operational resources IT and lelecomms and mobile phones Administration office and accommodation Contribution lo Cambridgeshire For Baby'5 Sake Donated seNices- For 8aby's Sake ladvisory} 907,045 3.168 13, 157 8,880 10,971 352 1,390 1,972 2,404 37,953 12,214 119.711 47,000 90,333 1, 733 1,683 787 255 1,500 997,378 4,901 14,840 9,667 11,226 1,852 1,390 1,972 2,404 38,493 12,511 119,777 47,000 540 297 Total 2022 1.166.217 97, 128 1,263,345 Page 34 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of 0X￿nditur0 on ¢harltabl• a¢tivltl•s - by l¢ontinu•dl Analysis of support costs For 8aby'$ Sak• 2023 System Chang• 2023 Total lunds 2023 Staff costs DeP￿ClatIOn Consultants. fees and charges Training and conferences Memberships and subscriptions Recwilmenl IT and telecomms and mobile phones Adminislralion office and a¢commodab'¢)n Professional fees Bank interest and charges Govemance Costs Donated services- general support 44.928 491 37.501 876 2.664 3.175 45.739 37.495 2.309 547 12.212 4,991 54 4,167 97 296 353 5,082 4,166 257 61 1,357 49.919 545 41,668 973 2.960 3,528 50.821 41.661 2,566 608 13.569 iii 1.800 200 2.000 Total 2023 189.737 21,081 210.818 Page 35 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of 0X￿nditur0 on ¢harltsbl• a¢tivltl•s - by l¢ontinu•dl Analysis of support costs Icontinuedl ForBabys Sake 2022 Syste Change 2022 Total funds 2022 Staff costs Dep￿ciatIOn Consullanls, fees and tharges Travel, hospitslity and other staff Memberships and Subscriptions Recruitment IT and telecomms and mobile phones Administration office and accommodabon Professional fees Bank interest and charges Governance costs Donated services- general support 48,039 968 21,505 17 5,338 708 2,389 53,377 1,076 23,894 19 3,861 25.941 10,564 39, 190 2,228 615 15,506 4.500 429 2.882 1,174 4,354 247 68 1, 723 500 4,290 28,823 11,738 43,544 2,475 683 17,229 5,000 Total 2022 172.934 19,214 192, 148 10. Governan¢e costs 2023 2022 Auditors, remuneration- Audit of the financial statements Auditors, remunerats'on- Taxation services Auditors, remunerath"on- Other semces Other governance costs Over-accrual of prior year audit fees 11,880 360 10,800 342 3,876 2,271 4.200 12,8711 13,569 17,229 Page 36 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Staff ¢osts 2023 2022 Wages and salaries Social secunty costs Pension costs 1,033,249 108,595 53,813 927, 726 90,866 48,892 1,195,6S7 7,087.484 The average number of persons employed by the Charity during the year was as follows.. 2023 No. 2022 No. For Baby's Sake For Baby's Sake and System Change 19 18 24 23 The number of employees Sthose employee benefits lexduding employer pension costs) exceeded £60,000 was.. 2023 No. 2022 No. In the band £70,001- £80,000 In the band £80,001- £90,000 Page 37 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. Trusto0s' romunorntlon and •xp•ns•s During the year, no Trustees received any remuneration or other benefits (2022- £NIL). During the year ended 31 March 2023, no Trustee expenses have been incurred (2022- £NIL). The lotsl amount of employee beneffts. induding employer nabonal insurance and pension contributions. received by Key Management Personnel vras £293.762 (2022 - £273.084). As detailed within the Trustees. Report, the Charity considers its Key Management personnel to comprise., Trustees Senior Leadership Team linclu¢Jing contractual payments for services of Interim CEO in January- March 20231 13. Tangible fixed assets FSxtur•$ and fittlngs Offl¢• oqulpment Total Cost or valuatlon At 1 April 2022 52,766 29,006 81,772 Al 31 March 2023 52,766 29.006 81,772 D•proclatlon Al 1 April 2022 Charge for the year 45,290 3.OB4 28.456 550 73,746 3.634 At 31 March 2023 48,374 29.006 77,380 N8t book valu8 Al 31 March 2023 4.392 4.392 Al 31 Ma￿h 2022 7,476 8,026 Page 38 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Debtors 2023 2022 Du• wlthln ono year Other debtors 25,651 29,629 111,851 40,831 Prepayments and accrued income 55,280 152.682 15. Crgdllors: Amounts fallSng dug vAthin on& year 2023 2022 Trade credrtors Accruals (2, 186) 19, 701 16,440 16,440 17,515 Page 39 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 16. Statom•nt of lunds Statsmont of lunds - currnnt yaar Balance at 31 March 2023 Balance It 1 Aprll 2022 Incom• Ex￿ndItur• Unrestricted funds Deslgnatod fund$ Fixed Asset Fund 8,026 13,6341 4,392 Gonoral funds General Fund 422,900 976,128 {866,9971 632,031 Total Unre¥trl¢t•d lund• 430,926 976,128 1870,6311 536,423 Restrlcted lunds London Bi-Borough Office of the Police and Crime Commissioner for Hertfordshire (OPCCI Other London Boroughs 200,000 {200.0001 495,313 1,538 {495,3131 11,S381 696,851 {696.B511 Total offvnd8 430,926 1,672,979 11,567,482) 536,423 Page 40 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 16. Stat¢m•nt of lunds l¢ontinu•dl The General Fund is unrestricted for use in any of the Charity's activities, including all costs assDciated th For Babys Sake and all costs of contributing to wder system change, through sharing and embedding the Iransferrable practice from For Baby's Sake, as well as influencing and informing deci5ion-making frameworks, such as legislation. policy. public understanding and academic evidence. The unrestricted General Fund can also be used lo finance the costs of fvndraising. Activity-based accounting has conlinued into the current year. providing ongoing wsibility of the major investment in For Baby's Sake, the Charty's i￿r￿vatIve programme to support expectant parents to break the cycle of domestic abuse and give their baby the best start in life. The Fixed Asset Fund fepresenls the Charrty's holding of fixed assets. Fixed assets are conSide￿d lo be not easily realisable and so should not be represented by general fun¢Js. The fund balance carried fO￿ard is equal to the nel book value of the fixed a$sel$. In the current year, the Charity maintained three restricted lunds into vthich restricted grants were received lo support For 8atJys Sake. The full amount of the two major grants and the relevant proportion of the third grant was spent vthin the year. of and Crim mmi ion rdshir The largest fund supported work in Hertfordshire. fvnded by the 9rant from the Office of the Police and Crime Commissioner for Hertlordshire. This originated from Home Office funding for domestic abuse services. focused on working with those who use abusive behaviour and integrating support for the whole family, notably dufing pregnancy and poslnatalty. London Bi-Borou The Bi-8orough restricted fund received grants from the London BiwBorough authoritie5 of Westminster City Couneil and the Royal Borough ol Kensington & Chelsea to contribute lo the costs of delivering For Babys Sake In Ihese14)¢al authority areas. her London Borou hs A grant was received from the London Borough of HariThJey in March 2023 to work with families from March 2023 onwards, continuing into the next financial year. The 2022123 accoun15 include the relevant proportson of the grant spent in-year. Page41 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 16. Statom•nt of lunds l¢ontinu•dl Statsmont of lunds - prior yaar 8alanG& at 31 March 2022 Balance at l Apiil 2021 Incom8 Expenditu Unrestricted funds Deslgnatod fund$ Fixed Asset Fund 14,003 (5,977) 8,026 Gonoral funds General Fund 526,934 952,063 (1,056,097) 422,900 Total Unre¥trl¢t•d lund• 540,937 952,063 (1,062,074) 430,926 Rostrfctsd funds London Bi-Borough Office ol the Police and Crime Commissioner for Hertfordshire (OPCCI 99.998 (99,998) 310, 150 (310, 150) 410. 148 (410, 148) Total of funds 540.937 1.362.211 (7,472,222) 430,926 Page 42 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 17. Analysis of net assets betW￿n lunds Analysis of not assats tsat￿n lunds - currnnt yoar Unrestricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 4,392 548.471 116,4401 4,392 548,471 116,440 Total 536,423 536,423 Analy81s of net a$$•ts b•tw•on funds - prlor y•ar Unrestricted funds 2022 Total funds 2022 Tangible fixed assets Current assets Creditors due within one year 8,026 440,415 (17,515) 8,026 440,415 (17,515) Total 430,926 430,926 18. R•concSllatlon of n8t mov•m8nt In funds to ngt cash flow from oporatlng actlvltl8s 2023 2022 Net lexpenditurellincome for the year las per Statement of Financial Activitie51 105,497 (110,011) Adlustsn•nts for: Depreciation charges Investment income Decrease in debtors Decrease in creditors 3.634 12.3621 97,402 11,0751 5,977 (45? 51,206 (76, 110) 14 Net cash provided byllused in) operating activities 203,096 (128,983) Page 43 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. Analy$i$ of ¢a$h and ¢a$h ¢qulvaknts 2023 2022 Cash in hand 493,191 287, 733 Total cash and cash equival•nts 493,191 287, 733 20. Analysls of changes In not dobt At 1 Aprll 2022 Cash flows At 31 March 2023 Cash al bank and in hand 287,733 205,4S8 493,191 287,733 205,458 493,191 21. Penslon ¢omm5tm•nts The Charity offers to match each employee's pension contribution. up to 5% of their salary, into the defined contributions pension scheme of their choice, including but not limited to the workplace pension scheme. 11 also offers a salary sacrifice arrangement. Over the course of the year, ￿￿ntY-three employees benefrted from the matched employer conlTibulion to their salaries and six employees additionally look up the salary sacrifice offer. In all eases. the assets of the schemes chosen by the employees are held separately from the Charity in independently administered funds. The Charity contributes to defined contribution pension schemes for rts employees. The amount recognised as an expense in the year was £53,813 (2022 - £48,892). Contributions totalling £NIL (2022 - £NILJ were payable lo the lund at the Balance Sheet dale. Page 44 THE FOR BABY'S SAKE TRUST IA Company Llmltsd by Guarnntso and R8gi$tsrgd Charftyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 22. Oporating laas• ¢ommitmènts At 31 March 2023 the Charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows.. 2023 2022 Not later than 1 year Later than 1 year and not later than 5 years 8,052 30,300 8,052 8,OS2 38,352 The following lease payments have been recognised as an expense in the Slalement of Financial Activities.. 2023 2022 Operabng lease rentals 30,300 30,300 23. Rglatgd party Iransa¢tSon$ Mr Slefanou, Chaiman and Trustee to 8 December 2022, made aggregate donations of £750,000 lo a separate charity vthich granted that lunding lo UBS Optimus Foundalitsn IUBSOFI under an agreement for UBSOF lo grant that funding bmlhout Condrfi'ons lo The For Baby's Sake Trust. In the prior year, the Charity had received donations under the same arrangements lotslling £750,000. Mr Stefanou also donated £20,025 (2022 - £NILJ to the Helping Herts charity campaign, for onward donation to the Charrty. Mr Slefanou contributed £20.502 (2022 - £22,813) towards the office costs in re￿mpense for making personal use of the space while also %%Y)rking on behaw of the Charity. The amount outstsnding to the Charity at year end was £20,502 (2022- £22.813J. Mr Stefanou made a donation of volunteer time of two of his employees.. principally of the Director of his personal office, vtho provided advisory support to the Charity,. and also of Mr Stefanou's PA. The Charity places a value of £5,000 (2022 £10,0001 on these donated services. Mr Stefanou also contributed £3,611 (2022- £3.500) to the Charty, calculated on an hourly rate basis, for personal book-keeping support, provided by the Charity's book keeper. The amount owng to the Charity at year end was £3.611 (2022- £3,500). Lady Sally Knth￿es. a Trustee of the Chanty. is the spouse of Sir Nigel KnovAes. who is the Chairman of Kim Technologies. the Company ¢onbnuing lo pro￿de a grft in kind lo the Charity in the fom of use of ils Kim system as a For Baby's Sake data platlom). The Charity places a value on this donated seNce from Kim Technologies of £42,000 (2022- £42,000). Trustee and Key Management Personnel transactions are detailed Othe￿Se in Note 12. Page 45