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← The Ickle Pickle Partnership Ltd

2023-12-31-accounts

The Ickle Pickle Partnership Limited

Report and Accounts

Year to 31[st] December 2023

Registered Charity Number 1129763 Company Registration Number 06831065

The Ickle Pickle Partnership Limited Report and Financial Statements Year Ended 31 December 2023

Reference and administrative information

Charity Names: The Ickle Pickle Partnership Limited Charity Registration Number: 1129763 Company Registration Number: 06831065 Charity Working Name: Ickle Pickles

Registered Office: 128 City Road, London, England, EC1V 2NX Website address: www.icklepickles.org

www.icklepickles.org

Board of Trustees

The current Board of Trustees is:

Mr. Andrew Marsh (Chair) Mrs. Rachael Marsh Mr. Michael Black Dr Nigel Kennea Mr. Ben Harvey Directors

Mr. Andrew Marsh (Chair) Mrs. Rachael Marsh Mr. Michael Black

Bankers

NatWest Bank 30 Tooting High Street Tooting London SW17 0RG

Independent Examiner

David Warren Cocke, Vellacott & Hill Chartered Accountants Unit 28 City Business Centre Lower Road London SE16 2XB

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The Ickle Pickle Partnership Limited Report and Financial Statements Year Ended 31 December 2023

Trustees’ Report Incorporating Directors’ Report

The trustees present their annual report and financial statements of the charity for the year ended 31 December 2023. This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. 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 trust deed and the Charities Act 2011.

Structure, Governance and Management

The Ickle Pickle Partnership is a Charitable Company, limited by guarantee on 26th February 2009 and registered as a charity on 29th May 2009 under registration number: 1129763

The following individuals are Directors of Ickle Pickle Partnership Limited:

The Directors of the company are responsible for the financial administration and governance of the company.

Review of 2023 Activities and Achievements

Whilst 2022 was a year of consolidation, I am pleased to report that 2023 was a year of growth, in particular in our fundraising efforts where we raised £284,000 - our 2nd most successful year since the charity was founded in 2009.

Central to this growth was an investment in long term strategy, people and process and we are confident the successes realised in 2023 will be further built on in 2024.

We invested in our people, developing and stretching our Communications and Marketing Manager who was tasked with growing our social media following, driving reach through the creation and curation of more engaging content. We also developed our key messaging and email journeys as well as making improvements to our website.

The year saw significant growth with grant applications. We transformed our internal processes and gave and secured over £33,000 in grants via networks and formal applications.

To support and develop our relationships with Neonatal Units, we introduced the Ickle Pickle Pledge, a more formalised agreement with each Unit we support to provide structure and ensure transparency between charitable and clinical teams. By the end of 2023 we secured 16 units as Pledge Partners and we expect this number to grow in 2024.

Peer support became an area that we were asked to get involved in at two of our Partner units. Julie Voong from our team attended the necessary training courses and accreditations and we view this as a potential growth area for offering support in other units in 2024.

From an Events perspective, we hosted more and larger events - highlights included 2 Incubator Balls, our first Portsmouth based Ball since 2019 and a more ambitious London Ball at Stationers Hall, part of the London Liveries collective. These 2 events realised fundraising profits of over £80,000 - really significant funds to support our charitable objectives.

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The Ickle Pickle Partnership Limited Report and Financial Statements Year Ended 31 December 2023

Public Benefit

Our charitable activities primarily focus on raising money for Neonatal units that treat premature babies and are undertaken to further our charitable purposes for public benefit. The trustees have referred to the Charities Commission’s guidance on the need for charities to deliver a public benefit and have complied with the duty in section 17(2) of the Charities Act 2011.

Impact Statement

It is difficult to measure exactly how many babies lives are saved or impacted as a result of providing these pieces of equipment to NNUs and Neonatal transfer services – however we can say that the impact on every baby treated and their families is significant and tangible.

Each individual unit treats hundreds of babies each year, for instance Queen Alexandra in Portsmouth treats approximately 600 babies, while St. George’s Hospital in Tooting treats approximately 500.

Neonatal transport teams such as the London Neonatal Transfer Service (LNTS), Embrace in Yorkshire and the Southampton & Oxfordshire Neonatal Transfer team (SONeT) deliver an essential service, each taking responsibility for the transport of approximately 2,000 sick and premature babies across a network of over 50 neonatal units in London, Yorkshire & Humberside Hampshire & Oxfordshire.

The equipment we donate greatly contributes directly to the treatment of these babies and enhances the environment that these babies and their families experience whilst in Neonatal care.

We continue to receive many messages from parents, nurses and clinicians expressing their positive views on the difference the equipment we purchase makes. A selection of these messages are shown below as they very effectively demonstrate the tangible impact of the charity’s work on the treatment of the smallest and sickest babies born in the UK.

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The Ickle Pickle Partnership Limited Report and Financial Statements Year Ended 31 December 2023

Financial review

In the year ended 31 December 2023, the revenues of the charity were £287,005 (2022: £165,495) with expenses of £162,297 (2022: £131,334), providing a surplus of £124,708 (2022: £34,161) for the year available for donations. The expenses were largely incurred when organising fundraising events and in salaries and related employment costs.

Included within revenues, the following Companies / Trust funds donated amounts over £1k during 2023:

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The Ickle Pickle Partnership Limited Report and Financial Statements Year Ended 31 December 2023

As a result of this fundraising across the country, the charity is delighted to have made donations totalling £122,564 during 2023 (2022: £ 111,912). The following donations were made during the year:

The charity is registered with Just Giving & Enthuse, receiving an additional 16-23% on any donation for which:

Together with monies carried forward from 2022, the charity currently has £181,909 (2021: £179,588) of funds to be carried forward for 2023. Of these funds £79,345 (2022: £102,711) are restricted for donations to various neonatal units, leaving an unrestricted surplus of £102,564 (2022: £76,877) , which, in the opinion of the trustees, provides an acceptable level of reserves for the charity to continue working towards meeting its stated objects.

The charity is continuing to raise funds and looks forward to donating monies and equipment to many more Neonatal Units during 2024.

Reserves Policy

The charity has a policy of maintaining 3-6 months of funds in reserves to cover the day-to-day operating cost of the charity.

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The Ickle Pickle Partnership Limited Report and Financial Statements Year Ended 31 December 2023

The procurement processes vary between NHS hospital trusts and it can often take several weeks or even months for the relevant finance and procurement teams to approve a purchasing request from the neonatal unit. The clinical teams are frequently asked to prove that the item they wish to purchase is best of breed and the most fitting for the job and this can cause delays to the overall purchase. Meanwhile the funds raised for that unit, either from donations or events, are held in the charity’s reserves until these approvals have been granted.

Trustee Recruitment & Training

The Board of Trustees seeks to recruit a diverse mix of business, medical and patient expertise. All the Trustees, upon election, meet with the Chair to discuss and agree specific requirements of the role .

Members of the Board of Trustees

Members of the Board of Trustees, including those who are directors for the purpose of company law, and trustees for the purpose of charity law, who served during the year and up to the date of this report, are set out on page 1.

Responsibilities of the Board of Trustees

Company Law requires the Board of Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its income resources and application or resources, including income and expenditure, for the financial year. In preparing those financial statements, the Board of Trustees has followed best practice and:

Independent Examiners

The charity’s trustees consider that an audit is not required for this year and that an independent examination is needed. Accordingly Cocke, Vellacott & Hill Chartered Accountants represented by David Warren in his capacity as Independent Examiner have reviewed the following financial statements.

This Trustees report was approved by the Trustees on 17th September 2024 and is signed on the Board’s behalf by the Charity’s chairman.

Andrew Marsh Chair of the Board of Trustees The Ickle Pickle Partnership Limited

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The Ickle Pickle Partnership Limited Report and Financial Statements Year Ended 31 December 2023

Independent examiner’s report to the trustees of The Ickle Pickle Partnership Limited

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. As the charity’s trustees of the Company (who are also the directors of the company 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 for this year 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.

I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below) which gives me cause to believe that:

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.

David Warren BA FCA Cocke, Vellacott & Hill Chartered Accountants Unit 28 City Business Centre Lower Road London SE16 2XB

Approved on: 23[rd] September 2024.

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The Ickle Pickle Partnership Limited Report and financial statements Year ended 31 December 2023

Statement of Financial Activities (including Income & Expenditure Accounts) for the year ended 31 December 2023.

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing operations.

The statement of the financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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The Ickle Pickle Partnership Limited Balance Sheet as at 31 December 2023

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The company was entitled to exemption from audit under section 477 of the Companies Act 2006 and has taken advantage of the provisions available to small companies.

Approved by the Board of Trustees on 17th September 2024 and signed on its behalf by:

Andrew Marsh Chair of the Board of Trustees The Ickle Pickle Partnership Limited

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The Ickle Pickle Partnership Limited Report and financial statements Notes to the financial statements for the year ended 31 December 2023

1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

(a) Basis of accounting

These financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The Ickle Pickle Partnership is a limited company registered in England and meets the definition of a public benefit entity under FRS 102. The functional and presentational currency is sterling.

(b) Going Concern

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

(c) Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

(d) Incoming resources

All incoming resources are included in the statement of financial activities when 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:

(e) Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned out on an appropriate basis.

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The Ickle Pickle Partnership Limited Report and financial statements Notes to the financial statements for the year ended 31 December 2023

1. Accounting policies (cont.)

(f) Pensions

The charity operates a defined contribution pension scheme for all qualifying employees. The contributions are recognised as an expense in the statement of financial activities when they fall due.

(g) Stocks

Stocks are recognised at the lower of cost and net realisable value.

2. Activities for generating funds

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The Ickle Pickle Partnership Limited Report and financial statements Notes to the financial statements for the year ended 31 December 2023

3. Costs of charitable activities

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The Ickle Pickle Partnership Limited Report and financial statements Notes to the financial statements for the year ended 31 December 2023

4. Reconciliation of movement in funds

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The Ickle Pickle Partnership Limited Report and financial statements Notes to the financial statements for the year ended 31 December 2023

4. Reconciliation of movement in funds (continued)

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The Ickle Pickle Partnership Limited Report and financial statements Notes to the financial statements for the year ended 31 December 2023

5. Support Costs

Staff Costs
Independent Examiners’ Fee
Printing, postage and stationery
Storage
Website and phone
Travel & Subsistence
Insurance
Staff Ent
Other		 2023
£
39,140
480
603
3,180
1,432
2,190
683
516
555
_
48,779
_		 2022
£
31,888
480
730
3,494
1,493
1,171
-
-
898
_
40,154
__

6. Employees

Staff costs are apportioned between costs of charitable activities and support costs based on time spent on activities.

activities.
2023 2022
£ £
Staff costs consist of:
Wages and salaries 98,432 69,884
Social security costs
Otherpension costs		 801
2,578		 645
1,746
_ _
101,811 72,275
_ __

No employees received emoluments of more than £50,000. The average number of employees during the year was 5 (2023:4).

7. Related party transactions

During the year Rachael Marsh, a Trustee and Director of the Charity, received emoluments totalling £45,830 (2022: £45,740) to perform the role of Operations Manager of the Charity. This payment has been approved and is provided for in the governing document of the charity.

In addition, one trustee, Rachael Marsh received expenses to the value of £1,211 (2022 £2,256). These expenses were incurred in relation to the organisation of fundraising events or in the day-to-day operations and governance of the charity. All expenses payments are reviewed and approved before being reimbursed.

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The Ickle Pickle Partnership Limited Report and financial statements Notes to the financial statements for the year ended 31 December 2023

8. Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes. Accordingly the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of the Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals
Other Creditors		 480
72		 480
44
_ _
552 524
_ __

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