Charity rngi•tration numbgr 1148653 (England and W•lg*1 Charlty rngl•tratlon numbor SCIM6380 ISci>tlandl Company r8glstratk+n numb•r 08085949 ANTENATAL RESULTS & CHOICES (ARC) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MAY 2024
ANTENATAL RESULTS & CHOICES (ARC) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION TN$t6 K L Bennelt E E Cooke Szewczyk Dr DTapon F A Corman M Gerbier GAII {Appointed 14 September 20241 (Appointed 14 September 20241 B Naluyima Charfty numbèr (England and W•l••) 1148653 Charlty number IS¢oUandl SC046380 Company Thumbgr 08085949 R•glstsr•d office 12-15 Crawford Mews York 81reet London WIH1LX Auditor Gl¥zers 843 Finchley Road London NW118NA
ANTENATAL RESULTS & CHOICES (ARC) LIMITED CONTENTS Pag• Trusteg$' report Slalement of Trust, responsib115tles Independent auditorf$ r•port 8-11 Statement of finanryal thlle8 12-13 Balance sheet 14 Statement ol cash Ilows 15 Notes lo the financial statements 16-26
ANTENATAL RESULTS & CHOICES (ARC) LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MAY2024 The trustees present their annual report and financial statements lor the year ended 31 May 2024. Th8 financial statements have been prèparèd in a¢cordance with the accounting policies Set out in note 1 to th8 finanal slalemenls and comply with thè charity'5 Memorandum and Articles of Associailion. the Companies Act 2006, the Charities and Trustèè Investment Iscollandl Act 2005, the Charilies Accounts (Scollandl Regulations 2006 las amended) and "Accounting and Reporting by Charities.. St81emenl of Re¢ommended Practice appli¢8ble lo chariti8s preparing their accounts in accordance with the Flnancial Reporting Standard applicablè in th8 UK and Republic of Irelantj IFRS 102} las amand8d for aecounling periods commencing from 1 January 20161 Objectives and actlvltiès Anlenalal Re5u115 and Choices IARCI Ltd is thè only nalional charity whth provldes information and support to P8renls throughout antenatal screening and its consequencès. Through ils Iraining programme for health professionals and work with policy makers. ARC aims to ensure that parents are able lo make informed choices and experience the b&st possible care in whal ar8 0ft8n distr¢$$ing cir¢umslan¢es. ARC'S wsion 15 that every woman {and her p8rtnerl in the UK should have access to independent. non-directive inlomation and support through anlenalal lesling and ils consequ8nc8s. inclufjing bereavement, and be able lo make the choices that arè personally right for them. The trustees have paNI due regard to guidancÈ i$8ued by the Charity Comrnission in d8ciding what activities the Charity should undertake. The Iruslees have paid due regard to guidance issued by th8 Charity C¢)mmissSon in deciding what aclivilies the charity should undertake. A¢hlevements and perfomianeÈ We ntinUe lo be hug8ly gralefvl for Continued regular and singular glfts from our generous donors, which enablèd us lo push ahead with our ambitious work programm8 to increase equity and inclusion lo beller serve so¢ially. elhnically- and reglonally- diverse communities around Ihe UK. In 2023, ARC reached the milestone of 35 years as a reglstered charity. We marked this with a major brand f$h, redesignèd and better functioning websit8 and a programme lo raise our proffil• and improve 80$$1b111ty.
ANTENATAL RESULTS & CHOICES (ARC) LIMITED TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Support for pargnts We continued to develop our ambitious strategy to fijrther our support for all UK parents, worklng lo improve both our current actiVe$ and future priorities. Beeen June 2023 and May 2024.. Our helpline team dealt wrth 5,691 contacts seeking non-directive information and spgcialis8d support {vla ernail. calls. Live Chat and SMSI. ARC'S website's Te8ource5 reached approximately 94.OC43 people and posts on Instagram and Facebook reached 13,300 peoplo. We provided tailored support lo 530 recently bereaved families via our Peer Support Network. W8 maintained our online bereavement 8UPPOrt provoslon for 5,681 forum members. We held our annual fac8-to-fa Infomiation and Support Day for parents in November, a valuable chancè for parents lo mgel our stsff and trustee5 and hear from expert speakers. Leaming from our anonymous survey for parents in summer 2023, whith helped us belter undeisland the demographic backgrounds and needs of parents that we help. we are able to build a range of more a¢cessible, inclusive services and resources. We do rv)t hear as often from parents from èthnic minority groups, younger parents and those from more disadvantaged backgrounds and so a key priority was exiending our leach more inclusively around the UK Ihrough 8xpanding the ways that users can access our hdpline, resources and meelings. Across 202&24 w8.. Launched an additional SMS s¢Nice for parents lo contact our helpline via text Published new dlgllal lransl81ions of our main publlcallons online, now available in Bengali, Polish. Punjabi, Romanian, Welsh, Arabic ar Urdu Published new audio v8rsions of our h¥0 main publications Ran meetings lor bereaved parents following a TFMR in cities auoss the UK including Belfast, Nollingham, Cardiff, Glas9ow, Manchester an(1 Birmingham. with an average of 112 parents per session. Expanded our Peer Support Nthork to 25 volunteers, Induding our first volunteer based in Northem Ireland. 11 has afvays been hard lo quantify our longef-term impact on the parents we help., however, we Toulinely request both demographic data and testimonies trom parents, to help demonstfate the sustained beneffts of engaging with our SeICe$ and helps us shape lulure priorities. Ona parent wfote lo us to say.. "I rang your helpline 2 years ago... I was absolutely devaslaled and pluryed into a wortd of unknowns for quite some tim8. During this lim8 I felt just so, so alon& and scar&d. I was trying to find out 8ny infom)ation that was on th& inl6mel ond found your websitg. In sh&gr paThck8d despernlion I r8ng your helpline and spoke with the most wonderful women. She list8n&d to mg and knew exactly the right things to say. Although of cours8 she Gouldny tell me eve¢ng was going to be okay, I16ft that phone call feeling like I wasny so &lone ond h8r kind gentle words ally touch8d my hèart. Ourstory lurned out well in th8 end with Ilje thrth of our beautiful baby boy, l 11 8Iw8ys b8 $0 gral8ful and lucky to have him. But I when I think of what I went Ihiough, l always think olthe beautiful ARC lady I spok& to on Ihe phong who literally saved me in that moment. I you wll s&y$ conllnue to offersupport and information to women/families who noed it. You arg d9 amazing wwk.-
ANTENATAL RESULTS & CHOICES (ARC) LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Support for professlonals We considered the data gathered from th8 2023 professional survey, and wider feedback from professional training and servicè engagement, lo target areas of the county where we see fewer referrals from hospital and dinics. In the last yeai". We delivered 67 in-pefson ARC training sessions to 1.432 heallh pmle88ional8 linduding slud&nts) across all four counliie5 of the UK, with 57 face-l<>face sessions and 10 online. 25 of the face Ir) f8ce sessions were free lo professionals to increasè re8ch in underseNed areas. We ran 12 online Case Cafes. a chance for prof8ssionals to safely dlscuss a range of sensitive toplcs via Zoom. We rea¢hed over 3,000 healthcarè professiona15 Vl8 talks and sLinds al national conferences and foiurns including the Royal College of Midwives, IRCMI Conference, the British Matemal and Felal Medicine Society's IBMFMSI Conference (both in Liv8rpooll, the International So¢iety for Prenatal Diagnosis in Edinburgh. the joint RCM and Sands, Conference in Northern Ireland, the International Slillbirth Alliance Conference in Sheffield, a Support Day at University College London and a Fetal Medicine Day at Liverptsol Women's Hospital. These w8r8 8xc8llenl opportunities to promote our services and expand connections with professionals across the UK. We hav8 established a new online quèstionnaire for professionals. helping us fflore o)n¢isely galhei and analyse those who engage with our services. We ran our first ever online Conference for professionals in September 2023 on the theme of Leaming from E4¢h Other- A Four Counlry View. This was attended by 189 professionals acr05$ the UK with very positivè lèèdback.. 'Th& wholè day was inspiiing and ed(Jcalion81. It has fftade m6¥ rgflgct on my mlo and wh&r8 th8 value is." (screening midwife, W Mids) At this conferènce we also launched our first films of parents dèscribing their èxperience of prenatal diagnosis and ongoing cara, cornmissioned in response lo requests from Pfofessionals. At the @nd of this period we also started lo rfj-engage with all English maternity units Inaady 170> by sènding free rèsour¢e pa¢*s, as well as publiasing our professional newsletter and the launch of Ouf new Fetal Midwives NeIork. We also started publi¢ising our inwperson professional conferen¢e." Diagnosis and DeGisions- optimal care through an¢en8tal t8stin9 8ndits consequences. to be held on 4th October 2024 in central London. Support forprofessionals In all fr•ur¢ountrio5 of lh• UK Althotjgh our Coonlinator for Northgm Irg18nd was on maternity leave through mtsch of this p81i(xl, we Gonlinued to engag8 parents and pmf8ssional$ in Nl. This includgd a Iraining day for Nl professionals worlting in antenatal dIagnOS. th& cullur&l sensitivities, no first lrim8$18r renIng and specialist felal medicine being a relBlively n&wpra¢li¢&, Nl slaff were gxlraordinarily appreoi&liv8 of Ihg learning and support tho day offer&d. W& continuad to provid& tr8ining lo healthcare professionals in Scotland, btslh in person and online. Our Scotland Coordinator workad with the NBCP Core Group in providing learning events for healthcare professionals working to ernbed the TOPFA bereavement pathway into their workplace. We also continued lo sit on the following policy forums Scottish Pregnancy and Newborn Screening Board, the Uttrasound Screenlng Standard Development Group and the Scollish NIPT Evalu81ion Group, and provided peer support gTOUPS in both th8 Glasg¢)w and Lolhian8 area for bereaved pats. Our Coordinator for Wale8 returned from maternity leavg In Ihls period. She worked dosely with ihe Hèad of Programme al Antenatal Screening Wales to dèlwer Ir8ining days lo all seven haalth boards. She attended the Antènatal Screenillg Wales. Down's Syndrome, Edwards, Syndrorne & Palau's Syndrome and Felal Anomaly Advisory Group and advocatèd for ¢onlinued developrn8nt for Welsh healthcare professionals.
ANTENATAL RESULTS & CHOICES (ARC) LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT} (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Policy. research pndpartnershlps We remain committed to he drive poliGy that impmv8s ponI care and throughout this p8iyod we had represgntalion on th& UK National Screening Commlttee s Fet81 M8lemal and Chlld H&Alth Advlsory Group and the NHS FetèlAnomaly Screening PrOgraMn Advisory Gn)up. We continued to sil on the core group of the National Bereavement Care Pathway in England and Scotland lo disseminat8 bèst practice in care aft8r pregnancy and baby loss. We sel up an expert clinical group which developed and published a resource. Parenl-centred Guidelines for Care After Diagnosis of a NHS FASP Condition.. a consensus guidan¢o docurnenl lo support all units lo provide high quality care to Parents after prenatal diagnosis. We continued our sponsorship of and feature tsn the popular brnon1h podcast 'Time lo Talk TFMR,, which has now rel8ased 58 episodes and exceetled 75.000 download8. Increaslng our work wlth diverse communitlès In 2023.24, we began piloting partnerships wSlh organi8alions who btslong to the national charity Home- Start UK . an establishèd network of local community charities, support slaff and trained volunteers who work with families wtth young Children in disadvantaged communities, helping them through challengin9 times. Togglher we are building a series of initiativès to help us beller engage wth families from a ran9e of ethnic and so¢io-economic backgroun(ls. Those partnerships will be fonnalised in the Autumn of 2024. In Order to extend our reach Into black and ethn rninorily communilies we partnered with respected soaal SC4ent15t Dr Michelle Pater. Dr Peler started a fellowship PhD research project 'Genetic Screening and diagnosis during pgnancy.. What are the experiences of Bla(J¢ women and their families?, and we arg supporting her in an advisory and fvndrng caparyty, co-chairtng the Patient and Public Involvefflenl Advisory Group, and helping to dissèminate research findings. We will consider how outcomes ftom Ihis project can help us shape sorvices for the Black community and other parents of colour. We worked with Dr Petsr and a Bangladeshi community wother in Tower Hamlets to run quarterfy educational group sessions for Bangladeshi young women on anl&nalal care and heallhy pregnan¢y. The community worker acts as an interpreter antl has highlighted lo us how helplul {8n¢J enjoyable) the attendees have found the groups
ANTENATAL RESULTS & CHOICES (ARC) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Flnanclal revhw The unprècedènted gifts received in FY2020121 and 2021122 transformèd ARC'S ability to meèt its current slraleglc target$ and fOard plan for 2026 and beyond. As noted In last year's ac¢ounls. the funds are being used as a platfom for a Ihre&year process of earefvlly managad axpansion and innovation into new geographies and mrnunilies As ouUin&d in our review of activitie$ above, we are part way through our programme of work running through lo the end of 2026 to ensure that ARC builds a strong UK-wid8 profile and expands partnerships with professiona15 and policy makers. We hav8 a designated investment fund Currently standing al £985,160 to cover the ongoing thr8e- year development programme. Throughout IhSs proc8$s we are careftjl to maint8in 8 level of reserves which wlll secure our delivery capaeity and ensure that we can look ahead confidently. Accordingly, it is the policy of the Irustees lo secure the following reserve cov8r'. Restricted operationalllrading reserves.. £240.OC4) whrch has been adjusted lo covar six month5 trading co$ls Restricted 'su$l8inabilily' fund.. £350,000 lo ensure business as usual operational ¢o$l$. resilience and succession planning and any unforeseen requiremen15 are veOI 2025r26 and beyond. These designated fund$ are Sn a¢Yditlon lo unrestrictad reserves of £350.0) to cover contingency and prts$pective t1eveltspment proj8cts. As part of the developm8nt strategy all infomialion and for9casling, Induding the level of reserves are monitored and reviewod biannualty by ARC staff and al quarterly Board m88tings. The Trustees have assessed the major risks to which the charily is exp0s9d and are satisfied that systems are in place to mitigate exposure lo the major risks. The Trustee8 have ahyays sought to maintain a sufflent level of reserves to secure ARCS capacity to ¢onlinue to deliver services and look ah&8d confidenlly. Accordingty. il is the policy ol the trustees lo secure a level of reserves such as to cover Six month's operational costs, Cufrentty approximatèly £235.000 lo cover chatitable expenditure, fundraising. support and governance Costs Contingency and prospective development projects 'sustainability' funds of £200,000 lo ensure business a$ usual operational costs, resilience and s$S1On planning and any UnfO$88n requirements are coverèd 2024r25 arvj beyond. These unrestricted funds a in addition lo= Designated reserves of £1263,364 lo cover the Ihr8e-y8ar development programme noted above. As part of lh8 development strategy all inlormatlon and forecasting. induding the level of reserves aré moniiored and reviewed biannualty by ARC staff and al quarterly BoBrd meetings, and updated year by year. Rewews takè careful account of the risks lo which the charity is 8xposed lo ensure that the syslems are in place and active lo miliya18 such risks. The Ttuslees have assèssed the major risks lo whh the charity is exposgd, and are Satisfied that syslems are in place to mitigate exposure lo the major risks. Structurè. goveman¢• and managem8nt The charty is a company limited by guarante8 and is govemed by ils Memorandum and Artides of Association ¢YalerJ 28 May 2012 and is the successor charity to the unincorporated Antènatsl Results & Choices. chaftly no. 299770.
ANTENATAL RESULTS & CHOICES (ARC) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Thè trustees, who arè also the directors for the purpose of company law, and who servéd during the year and up lo the dale of signature of the financial statements were.. K LBennett E E Cooke Szewczyk Dr D Tapon F A Corman JFry M Gerbier GAII B Naluyima (Resigned 1 July 20231 (Appointed 14 Seplernber 2024) (Appointed 14 Seplembei 20241 New Trustees are given an induction to 8nsur8 that thay are aware of their legal obligations under Chartty Law and understand the committ88 and deusion making processes of the charity.During their induction they meet other Trustees and staff fflember5, and are encouraged lo attend appropriate extemal training days when this will facilitate the undertaking of their role. Nonè of thé Iruslees h8s any benefial interest in the company. All of the Irustaès are members of the e£smpany and guarantee to contribute £10 in the event of a winding up. Audltor In accordancè with thé company'8 artides, 8 resolutKin proposing that Glazers be reappoinled as audllor of the company will be pul 81 a General Meetsng. Diselosur• of infornlatlon to audltor Each ol the trustaès has confimed that the Is no information of which they afe aware which is relevant to the audit. bul ol which the audiloT is unaware. They have further confirffled th81 Ihey have taken appropriate steps lo identify such relevant infornialion and lo estsblish that Ihe auditor is aware of such inforrnalion. The T slees, report was approved by the Board of TTU51ees. LBenne Trustee Corman Trustee Dale..
ANTENATAL RESULTS & CHOICES (ARC) LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MAY2024 The Iruslees, who are also the directors of Antenatal R•sull$ & Cholces IARCI Llmited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordancè with applicable law and United Kingdom Accounting Standards (Unitad Idngdom Generally Accepted AOUnting Practice). Company law requires the trustees lo preparè financial slatements for each finanual year which give a truè and fair view of the slate of affair$ of the charity and of the incoming resources and application of resoufces, including the income and expenditure. of the charf(able company lor that year. In preparing these financial statements, the trustees are required to.. select suitable accounting polloes and then apply them consistentty.. observe the methods and principles in the Charilies SORP.. make judgements and Èstimates that are reasonabl& and prudent., slate whathèr applicable UK Accounts'ng Standards have been fdlowed. subject to any material departures disrJos8d and explained in the finanaal stalfjmenls", and prepare the financial slatemenls on th¥ going concem basis unless it is inappropriatè to presume Ihal the charity will continu8 in operation. The trustees are responsible for keeping adeou8te accounting records that disclose with r88son8ble accuracy at any lime the financial position ol th9 charity and enable Iheln (o ensure that the financial s181emenls comply with the Companies Act 2008, the Charilies and Trustee InSIMnt Iscotlandl Act 2005 and the Charities Ac¢ounls (Scollandl Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasona8 steps for the prevention and deleth'on of fraud and other irregularities.
ANTENATAL RESULTS & CHOICES (ARC) LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ANTENATAL RESULTS & CHOICES IARC) LIMITED Oplnion We have audited the financial statements of Anlenalal Results & Choices IARCI Limited Ilhe 'chadVI for the year ended 31 May 2024 which Comprise the slalemenl of financial activities. the balance sheet, the statement of cash flows and notes lo the financial statemènts. induding significant accounting poliryes. The financial reporting framework that has been applied in Iheir preparaliDn is applicable law and United Kingdom Accounting Standards, induding Financial Reporting Standard 102 The Financial Repoth"ng Sland&rd appliGablg in th& UK and Rgpublic ol Irelsnd IUn((ed Kingdom G8nÈr811yA¢¢epted Accounting Practice). In our opinion, the financial stat8m8nl$'. giv& a Iwè and fair view of the state of the Chrtable company's affalrs as at 31 May 2024 and of its incoming sources and application of resourc8s. for thè yaar thèn ènd8d', hav8 b80n properly prepared in accordan¢e with Unilgd lfjngdom Gengralty A¢cgpl&d Accounting Practice.. and have been prepared in acLordance with tha rèquirémènts of th8 Companias Act 2006. the Charities and Trustee Investment (Scotlandl Act 2005 and iegu181ion 8 of the Charilies Accounts {Scoll8ndl Ragul81ions 2006. B•818 for oplnlon We conducled our audit in aco)rdance wf(h Inlem8tlonal Standards on Audlllng IUKI (ISAS (UKI} and appli¢able law. Our responsibilitie5 under those standards are further described In the Audilo¢s responsibililigs for the audit of th& financial statemenls section of our ptsrt. We are independent of the charity in aCrIanCe with thè ethical requirements that are r8levanl lo oui audit ol the financial statements in the UK, including the FRC'S Ethical Standard, and w8 have fulfilled our other ethical re$ponsibililie$ in accordance with thes8 requiremen15. We believe that the audr( evidence we have obtained is sufficAènt 8nd appropriatè to providè a basis for our opinion. Conclusions r•latlng to going concem In audiling the finandal stalernents, we have concluded tha( the Trustees. use of the going ncern basis of a¢n11n9 in the preparation of the financial statements is appropriats. Based on the woik we have perfornied, we have not identiffied any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the tharity's ability lo continue as a going concem for a p&riod of at least ts1Ve months from when Ihg financial slatsmants ar8 authorised for issue. Our responsibilities and the r8sponsibililies of the trustees with respect to going Concern are descrtbed in the relevant sections of this feport. Other Infomiatlon The other infomiation comprise8 the infomialion induded in the annual report other than the finan¢i81 statements and our auditor's report Ihereon. The trustees are responsible for the other information contained within the annual port. Our opinion on the financial statements does not covgr thg other infomalion and we do not express any form tsf a$suranee condusion thereon. Our responsibilty is lo read the other infomation 8nd. in doing so, consider whether Ihe other informalion is materially inconslslent with the financial statements or our knowledge obtained in the cours& of Ihe audit, or otherwise appears lo be materially mSsslaled. If we identify such material inconsisten¢igS or apparent material misstatements, wè are required to detemiine whether this gives rise lo a material misstslèmenl in the financAal slatements themselves. If, based on the work we have performed. we conclude that there is a malÈrial misslalement of this other infomiatKsn. we are QUIred lo POrt that fa¢l. We have nothing lo rgport In thls re98rd.
ANTENATAL RESULTS & CHOICES (ARC) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF ANTENATAL RESULTS & CHOICES (ARC) LIMITED Matters on which we ar• r•qulr•d to roport by excoptlon Vve have nothing to report in respect of the following matteTs in relation lo which the Ch8rities (Accounts and Reports} Regulalions 2008 and thè Ch8rities Accounts (Scolland) Règulations 2006 requir8 us lo report lo you if. in our oplnlon.. the information glven In the financial slalemenls 18 inconsistenl in any malerial respèci with thè Trustees. report,. or sufficient and propgr a¢counling records have not been kept., or the financial siatements are not in agreement with the accounting records.. or we hav8 riot received all the information and expl8n81ions we require for our audit. Rosponsibillil•s of trustee$ As explained more fvlly in thé slalemenl of Trustees. responsibilities, the trustees, who ar8 also the directors of the charily for the purpose of company18w. are responsible for the preparation ol the financial statements and for being satisfied that they give a true and fair view, and for such inlemal control as tho trustees détèrmine is necessary to enabl& the preparation of financial statements that ar8 fr8è from material mi$$lalemenl, whether due lo fraud or error. In preparing the financial statem8nls, the Iruslees are responsible lor assessing the charity's ability lo ¢onlinue as a going concern. disdosing, as applicable, matters related to going concem and using th¢ going concern basis of accounting unless the Iruslees either intend to liquidate the charitable company or to cease operations, or have no realistic allemalive bul to do so. Audltorfs responsibllltles for th• •udlt of the finan¢lal statements We have been appointed as auditor under sedion 145 of the Charities Act 2011 and section 44{1llcl of thè Charities and Trustee Investment IScollan(J) Acl 2005 arbd report in accordancg thè Acts and relev8nl regulations made or having effèct thèreunder. Our objectives are to obtain reasonable assuiance about wh8th8r thè financial statements as a whole are free from material missl8tem8flt, whether due to fraud or error, and lo issue an audf(0rf5 report that indudes our opinion. Reasonable assurance is a high 18vel of assurance bul 18 not a guarantee Ihat an audil wnducted in aordanCe with ISAS (UK) wll always deled 8 material misstatement whet) it exists. Misstatèmènts can arise from fraud or error and are Conside[j material if. individually or in the aggr8gat8. they could reasonably be expected lo influence the aconomlc derAsions of users tak8n on th8 basls of these financial statements. The gXt¢nt lo which our procedures are capable of dgtgcting Srregularilies, including fraud. is detailed below.
ANTENATAL RESULTS & CHOICES (ARC) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ANTENATAL RESULTS & CHOICES (ARC) LIMITED In idenlfying and assessing risks of material misstatement in respect of Irregularilles, Indudlng fraud and non- compliance with laws and r8gul8tions, we considered the foltowing.. 11 Enquiries of management conceming the charity's policies and prDcgdures relating to.. Identifying. evaluallng and (x)mplying with laws and regulations and whether they were aware of any inslances of non-compliance delgctlng and respondlng lo the risks of fraud and whether they have knowledge of any actual, suspected or allèged fraud., and the inlemal cLJnlrols 8stsblishgd lo mlUgale risks related to fraud or non-compllanco with laws and r8gulations-, 2) The comp8ny's Muneration policies, and 31 Discussions among the 8ng8g8menl team regarding how and when fraud might occur In thg finan?1 ststements and any potential indicators of fraud. In eomm¢)n with all audits under ISAS IUKI. we are 81so require(I lo perform speryfjc procedures to respond lo the risk ol management overridg. We a150 obtained an understanding of the legal and regulatory framework that the charity operates in. focusing on provisions of those laws and re9ulalions that h8d 8 iJlre¢t effect on the delermlnatlon ol malerial amounts and disclosures in the finanual statements. The key laws and regulations we considered in this contèxl included thè UK Companiès Act and IFRS as issued by the IASB and adopted by the EU, and "Accounting and Reporting by Charities.. Statement of Recommended Pra¢b¢e appll¢able to tharilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irèland (FRS 1021 (effective 1 January 20191" The charity is a Public Benèfrt Enlily a5 defined by FRS 102. In addition, we considered prowsions of other law8 and regUlaOn5 that do not have a dirert effect on the finanaal slatements bul mplianCe wlth which may be fundamental lo the charfly's ab11Y to operate or avoid o malertal p&nally. As a result of performing th8 above. we did not idenlfy any key audit malters rglal8d lo the potential risk of fiaud or non-compliance wilh laws and regulations. In addilion lo the above. our procedures lo rgspond lo risks idgnlified indud8d the following= Rewèwing the finanual slalement disclosures and testing lo supporling documentation lo assess compliance with provisions of relevant laws and regulations dpsuibed as having a dired effed ¢)n th8 financial stalemenls., Enquiring of management cor)cerning actual and potential litigation and claims., Performing anaty¢ical procedures lo Idenlbfy any unusual or unexpected relatK)nshlps that may indicate risks of material misslatemenl due to fraud: In addressing the risk of fr8u¢J through management override Of contro18. testing the appropriateness of joumal enlrigs and olhef adjuslmenls,. assessing whethgr the judgemenls made in making accounting eslimales are Indi¢alive of a polenlial bias. and evaluating the business rallonale of any signfficanl transactions that are unusual or outside the normal course of buslness. WÈ also ¢ommunicaled relevant idantifiad laws and regulalions and pol&nlial Ifaud risks to all engagement team members, and remained alert to any indications of fraud or non-cornpliance with laws and regulations Ihroughoul t audit. We note that our audit is not primarily designed lo detect noTrcornpliance with 18ws and gUlationS and the Trustees and other management are responsible for such internal control as the Trustees and other management ol the Charity del&rmine is ne¢essary to enable tha prèparation of financAal statemènts that are flee from material misslalemenl, whether due lo errors oc fr8ud, induding ¢ompli8nce with laws and regulations. Additionally. owing lo the inherent limitations of an audit, there is an unavoidable iisk that we may not have detecltrd some material misstatements in the financial statements. even though we have properfy planned and perfomed our audit in accoidan¢e with auditing standards. We are not rèsponsible for preventing non-compliance and cannot be expecied lo delect n¢n-¢ompliance with all laws and regulations. 10-
ANTENATAL RESULTS & CHOICES (ARC) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ANTENATAL RESULTS & CHOICES (ARC) LIMITED A (urthw description of oui r&sponsibillI$ Is available on th8 Financia5 Reporting Councll's website 81.. htlps'.11 www.frc.org.uklauditorsresponsibilitiès. This descriplion fornis part of our audi¢o¢s report. Us0 of our r9POrt This report is made solely to Ihe charity's trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and Regulation 10 of the ChariliesAccounls IS¢oUand) Regulations 2006. Our audit work has been und8rtakÈn so th81 we might stsle lo the charity's Iwslees those matters we are required lo statè to them in an auditor's report and for no other purpose. To the fvll&st extent permitted by law, we do not accept or assume responslbility to anyone other than the charity and IhÈ ch8rity'$ Iruslees a5 a body, for our audit work, for this report, or for the opinions w8 have formed. (Sonlar Statutory Auditor) I wi *tyltA¥l A L For and on behalf of Glazers, Slalulory Audrtor Charlered Accounlanls 843 Finchley Road London NW118NA Dale.. Glazers is eligiblè for appointment a5 auditor of the Charity by vlrtue of its eligibility for appointment as auditor of a company undef sefAion 1212 of the Companies Act 2006. 11
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ANTENATAL RESULTS & CHOICES {ARC) LIMITED BALANCE SHEET AS AT31 MAY2024 2024 2023 Notes Fixèd assets Tangible assets 13 370 1.063 Current as8•ts D&btors Cash al bank and in hand 14 2.528 2.3.933 2,528 2,119,737 2.CQ6,431 2,122,265 Cr•ditorn'. amounts falling du• wlthin one year 15 139.350) {28,2881 Nel current a55els 1,%7,081 2,093,977 Total 8$s•ts l•$$ Current Ilablllde$ 1.967.451 2,095.040 Income fijnds Restricted funds Designated funds Unrestsicled funds 16 17 6,779 985.160 975.512 2,500 1.263,365 829,175 1,967,451 2,095.040 The company is enlilled lo the exemption from the audit requirement ntaind in section 477 of Ihe Companles Act 2006, for the year ended 31 May 2024. The director5 acknowledge their r8sponsibililies for complying with the requirements of the Companies Acl 2006 with respect to accounting records and the Pfoparallon of financial stalemenls. The members have not requirad th8 company to obtain an aLKlit ol its financial statements under the requlremènls of the Companies Act 2006, ft)r the year in question in accordance with section 476. These ffinancial statements hav8 b8en prèpared in accordance with the provisions applicable lo companies subjecl lo the small companies regime. Th• financi81 stalemènts wèrg appmed by the Twstees on......................... L Bennett Trustee FA Corman TNstee Company Regl¥trntlon No. 08085949 14-
ANTENATAL RESULTS & CHOICES (ARC) LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MAY 2024 2024 2023 Note8 Cagh flows from op•ratlng actSvltl•8 Cash absothed by <)perations 21 1145,2641 (120,9001 InvtIng actlvltl•s Purchase of tanglble fixed assets Investment incom& received 11,1081 10,776 29,430 Not cash g•norntéd from Invè¥ting a¢tivities 29,430 9.668 Net cash generatsd from flnanelng actlvltle• Net decrease ln cash and ca$h •qulval•nts 1115.8341 1111,2321 Cash and eash equivalents at beginning of year 2,119,737 2.230,969 Cash and Cash oqulval¥nts at end of *r 2,003,903 2,119,737 15-
ANTENATAL RESULTS & CHOICES (ARC) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2024 Accountlng policles Ch¥rity inforniation Anlenalal Results & Choices IARCI Liwniled is a private company limited by guarantee incorporated in England and Wales. The registered office is 12-15 Crawford Mews, York street, London. W1 H 1 LX. 1.1 Accountlng conv•ntlon The financial statements have been prepared in accordance wilh the charity's goveming document. the Companiès Act 2006, thè Charitiès and Tmstee Investment {Scotlandl Act 2005, the Charities Accounts {ScoUandl Regulations 2006 las amended) and "Accovnling and Rèporting by Charities.. Slalemenl of Recofflmended Practice applicable lo charities preparing their ac¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effecllve 1 January 2019)" The charity is a Public Benefit Entity as defined by FRS 102. The financial slalemenls are prepared in sterling, which Is the functional ¢XJrrCY of the charity. Monetary amounls in these financAal $talements are rounded to the n8arest £. The financial sl8lemenls h8ve been prepared undgr tha historical cost convention, Imodlfled to include the revalualio)n of freehold properties and lo include investment properties and certain financial instruments 81 fair valuel. The principal accounting policies adopted are sel out below. 1.2 Going concern At the litne ol approving the financial statements, the Iruslees havo a aSOnable expecialion that the charity has adequate resources to continue in operational existence for the forÈsèèabl8 future. Thu5 the Iruslee5 continue to adopt the going concem basis of accounting in preparing the finanual slatem9nls. 1.3 Charilabl8 funds Unreslricled funds are availabl8 for use al th8 discretion of the trustees in furtherance of their tharitable objectives. Reslficled lunds are subject to specific conditions by donors or grantors as to how they may be usèd. The purposes and uses of Ihe restricted fvnds are sel out in the notes to the fjnancAal slalernents. Endowment funds arg subjeol to spedfio ¢ondi1Son$ by donors that the capital musl b8 maintained by the charity. 1.4 Incom• Income is rery)gnlsed when the chafity is legally 6nlitled to il aft9r any performance conditions have been met. the amounts can be measured reliably, and it is probable Ihal income will b8 r8ceived. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the ¢Jonalion, urdess performance cormlilions require defvrral of the amount. Income lax recovorable in relation lo donation8 received under Gift Aid or deeds of covenant is recognised at the ts'me of the donation. Legacies are recognised on [elp1 or otherwise if the charity has been notified of an impending distribution, the arnount is known, and receipl Is expected. If the amount is not known. the legacy is treated as a contingent 8sset. 1.5 Expenditure 16-
ANTENATAL RESULTS & CHOICES (ARC) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Accounting policlès IContlnu•dl All èxpenditure is accounted for on an acL7uals basis and has been Classified under headings that aggregate all c051s related lo the categ9ry. ere cost5 can not b8 directly atlribuled to particular headings they have been allocated to 8ctivit9 on basis consistant with usè of the resources. Governance ¢o$ls indude all expendiluro not dirèctly related to charilablg activity. In respeci ol certain items ol expenditure il is a matter of judgement as lo whether such ilern5 are direct charitable expendilure Of govarnancè costs, and the Trustees have applied whal they n$er to be reasonable judgemènt in apportioning such c081s. 1.6 TangSble flxed assets Tangibl& fixed assèts are initially mèasured At cost and subsequently measured al ¢051 or valualion, nel of rleprecialion and any impairnienl losses. Depreciation is recognised so as lo write off the c051 or valuation of assets less th&ir residual values over their useful lives on the following bases-. Fixtures. fittings & equlpmonl 33% straight line basis The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset. and is r&cognis8d in thè statement of ffinancial activities. 1.7 ImpaSm)ant of fixed aB80ts Al each reporting ijale, the charity reaWS the carrylng amounts of its tangible assets lo determlne whether therè 18 any indication that thosè assets have suffered an impaiTmenl loss. If any such indication exists, the recoverable amount of the asset 18 eslimaled in order lo determine the exlenl of the impaiimenl loss {if any}. 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in hand. deposits held al call with banks. other shori-lemi liquid invgslments with original maturities of three months or le33, and bank overdrafts. Bank overdrafts are shown within borTowings in current liabilities. 1.9 Flnan¢lal Instrum•nts Tha charity ha8 elected to apply the provlsTons of Section 11 'BaS Finanaal Instruments. and Seclion 12 'Other Financial Instruments l$sue$' of FRS 102 to all of its financial instruments. Financial instruments are re¢x)gnised in th8 ch8ri1ls balance sheet when the tharty becomes pariy lo the contractual prowsion5 of the instrument. Finanaal assets and liabilities are offset, with the nel amounts presented in the financial stalernents, when there is a18gally enforceab right to sel off the regniSed amourbls and there is an intention to settle on a net basis or lo realise the asset and settle the liabllty simultaneously. Basie fin•nelal assets Basic financial a$sets, which indude debtors and cash and bank balances. a initially MaaSud al Ifansaclion price including transaction costs and a subsequently carri8d at amorlised cost using the effecbvè intere51 method unlass th8 arrangement conslilutes a finanryng tiansaction, where the transaction is measured at present value of tha futurè roceipts discounted al a market rale of interest. Finanual asse15 classified as receivable within one year are not amortised. 17-
ANTENATAL RESULTS & CHOICES (ARC) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Accountlng pollcl•$ (Continued) Baslc flnanclal IlabiTlities Basic financial liabili1185. including creditor8 and bank loans are initially recognised at transaction price unless the arrangement conslilules a financing transaction. where the debt instrument is moasur8d al the psent value of the future payments discounted al a market rale of interest. Financial Ilabililies Classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, uslng the effeCte interest rale method. Trade credilors are obligations lo pay for goods or services Ihal have been acquired in thè ordinary cours6 of operations from suppliers. Amounts payable are classffied as current liabilities rf payment is dve within one year or less. If not. they are presented as non-currenl liabilities. Trado credilofs are recogni5ed initially al Iran88¢lion price and sub5equenlty measured al amortised cost using the effective inlgrest method. D•rgeognition of fiTnl1 liabilities Financial liabilitles are derecognised when the ¢harity's contractual obligations expire or ar8 dischargad or cancelled. 1.10 Employeo benBfits The cost of any unused holiday enlit19menl is reLwni$ed in the period in which Ihg employee's servic8s are received. Terfflinalion benefits are recognised immediately as an expense when the ¢haTity is demonstrably commilled lo lemiinate the employment of an employee or to provide lerminalion benefts. Criti¢al arcounting estimates and judgements In the application of the charitys aecounling policies, the trustees are required lo make judgemenl$, estimates and assumptions about the cairying amount ol assets and liabilitiés that are not readily app3nt from other sources. The eslimale8 and associated assumptions are base¢J on hislori¢al experience and other laclois that are considered lo be relevant. Actual results may differ from these eslimales. The estSmales and undedying assumptions are reviewed on an ongoing basis. Revision5 to accountlng eslimales are recognised in the perlod in which the estimate is rewsed where the revision affects onty that period. or in thè pèriod of the revision and fvlure periods where the revision affects both currènt and fiJtUTe periods. Donations and l•gael•s Unrestrlctod Restri¢tsd funds fund$ Totsl 2024 Total 2023 Donations and gifts Giant income 310,410 42,520 5.000 352,930 381,127 15,000 310,410 47,520 357,930 396.127 For the year ended 31 May 2023 356,150 39,977 39fj.127 The Iruslee5 wish lo acknowledge the g8nerou$ donations froffl The Rose Foundation which co¥gr the ¢harity'$ rent and other office costs. 18-
ANTENATAL RESULTS & CHOICES (ARC) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 InveBtmonts Unr•strlctsd Unreslrfcled lund8 funds 2024 2023 Interest receivable 29,430 10,776 Other Incom• Unmtricted Unrestricted lunql$ funds 2024 2023 Other income 290 732 Raising funds Unrestrlcted Unre81ricted fund& fvnds 2024 2023 Fundraisin Publications Other fundraising cos18 and 1.931 11.264 1,817 7.149 Fundraising and publiaty 13,195 13.195 8,966 19-
ANTENATAL RESULTS & CHOICES {ARC) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MAY2024 Charltable actwltles Op•rational Operatlonal •xp•ndltur• expendltur• 2024 2023 Staff costs Oeprec4atson and impaimi8nt Trainlng u)sts Consullar Conference costs Website and soci81 media Publications Telephone Sundry expenses 300,730 693 18.731 57.404 10.490 10,854 16.759 902 434 274,543 1,190 44,843 63,249 12,710 2,465 416,997 399,000 Shale of 5UPPOrt cost5 {s88 not8 8) Sh8re of gov8manc8 costs Ise¢ note 81 80.974 4.074 80,988 9,853 502,045 489,841 Anatyslg by fund Unrestricied funds Oesigrbated funds Restricted funds 180,599 278,205 43.241 195,209 245.755 48.877 502.045 489.841 -20-
ANTENATAL RESULTS & CHOICES (ARC) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Support costs Support Gov•mance osts 2024Support Costs Govemance costs 2023 Rent Telephone Insurance Computer costs Postsge and stationery Sundry expense Bank charges Repairs and mainlanan¢e 40.000 40,000 40,C0 232 1,827 30,194 4.695 585 1.055 40,000 232 1.827 30.194 4,695 585 1.055 1,4S3 32.327 2.626 789 1.379 1,4S3 32,327 2,626 789 1,379 2,400 2,400 2.4(• 2.400 Audit fees Legal and professional 1,e80 2,394 1,680 2,394 1,680 8,173 1.880 8,173 80,974 4.074 85,048 80,988 9,853 90,841 Analysed b8tr46en Charitable adivities 80.974 4,074 85,048 80.988 9.853 90.841 Net movoment In funds 2024 2023 The nèl movement in funds is staled after thargingllcredilingl.. Fees payable for the audit of the charity's financial 8181emenl$ Dèprèciation ol owned tangible fixed ass8ls 1.680 693 1.680 1.190 10 Trustee8 None ofthe trustees (or any lson5 connetxed wtth them) received any remuneration or expenses during the year. 11 Employees Thè average Month number of amployees during the ytr8rwa$.' 2024 Mumber 2023 Number 12 21
ANTENATAL RESULTS & CHOICES (ARC) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MAY2024 11 Employ0¢8 {Contlnuèdl Employment ¢o$ts 2024 2023 Wages and salaries 300,730 274,543 Ther8 were no employees whose annual remuneration was more than £60,000. Remunoration of kèy managomgnt p•rsonn•l The remuneration of key management personnel was as follows.. 12 Taxatlon The charity is 8x8mpl from taxation on ils actiwlies because all ils in¢oma is applied for charilabte purposes. 13 Tangible fix•d assets FIXtU8. Iltllng9 & oqulpmènt Cost At 1 June 2023 11.040 At 31 May 2024 11.040 Dèpr¢elatiOD and Impalmient At 1 June 2023 DepreciatK>n charged in the year 9.977 693 At 31 May 2024 10,670 Carrylng amount Al 31 May 2024 370 Al 31 May 2023 1.(3 14 tstorn 2024 2023 Amounts falllng du• wlthin one year: Prèpaym8nls and accrued income 2.528 2,528 -22-
ANTENATAL RESULTS & CHOICES (ARC) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 15 CredltoTr: amounts falllng du• withln one year 2024 2023 Trad& creditors Olher creditors Accruals and deferred InMe 12,282 11,051 16,017 24 10.997 17.267 39.350 28,288 16 Rè•tri¢ted funds The reslrided funds of the charity compris8 the unexpended balances of donations and grants held on trust subjeci to SP8cIf conditions by donors as to how they may be used. At l June 2023 Incoming resources Resources expended Tran¥fers At 31 May 2024 2,500 47,520 143,241) 6.779 Previous yaar. At 1 June 2022 Incoming rnsourcg$ Resources gxpend•d Transfers At 31 May 2023 5,687 39.977 148,8771 5.713 2,500 17 Designated funds The Income funds of the Charity indude a designated fund which has been set 88lde out of unstricted funds by the Iruslees for projects and actiwties designed lo extend the charitls geographic and charitable feach. At 1 June 2023 R•$ourc•$ •xpended Tran$f•r8 At 31 May 2024 1,263,365 1278.205) 985,160 Pr•vious y8ar: At l June 2022 R•$ourc•s expended TnSr$ At 31 May 2023 1.510,228 {245,7551 11,1081 1,263,365 23-
ANTENATAL RESULTS & CHOICES (ARC) LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MA Y2024 18 Unrestrlctsd funds The income lunds of the charity includes a designaleij fund whioh has been set aside out of unrestricted lunds by Ihe trustees for pioje¢ts and adivrties designed lo extend the charliy's yeographic and Charitable reach. At 1 Jun• 2023 Incomlng resource¥ Re$our¢•s •xpendgd Trnnsfers At31 May 2024 General funds 829,176 340.130 1193,7941 975,512 Previous yèar: At l June 2022 In¢oming re&ouices Resourc•s expended Transfers At31 May 2023 General funds 670,297 367.658 1204.1751 14.6051 829,175 Warning." Balance cmfrom PlForp•rfod do•s not equal balance l)/f in curren¢ peiyod 829,176 -24-
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ANTENATAL RESULTS & CHOICES (ARC) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 20 Related party transa¢tlon• Th¢re were no disclosable related paty tr3nsactK>ns during thè year12023- non&}. 21 Cash absorbèd by operations 2024 2023 Deficit for thè y8ar I127.5) 191.1721 Adjustments for: Invèstment income recognised in stat8m8nl of )7nanoal adivrfies Dèpreciation and impairment of tangible fixed assets 129,430) 693 110.7761 1,19) Mov8m•nts In working capltal: Increaselldeuease) in creditors 11.063 {20.1421 Cash absorbed by operations {145,2641 1120,9001 22 Analys1$ of changes In not funds The charity had no rnaterial debt during the year.