2020-09-30-accounts

Charity Registration No. 1149341

Company Registration No. 08205134 (England and Wales)

THE LILY MAE FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

THE LILY MAE FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	G Heaps
	A Brook
	M Whitehouse
	K Blackstock
	M Brooks
	S Richards
	S Carter
	N Casey
	L Pugh
	A Price
Charity number	1149341
Company number	08205134
Principal address	The Annex, Fernhill Court
	Balsall St East
	Balsall Common
	Coventry
	CV7 7FR
Independent examiner	M T Manley & Co Limited
	696 Yardley Wood Road
	Billesley
	Birmingham
	B13 0HY

THE LILY MAE FOUNDATION

CONTENTS

	Page
Trustees' report	1 - 7
Independent examiner's report	8
Statement of financial activities	9
Balance sheet	10
Notes to the financial statements	11 - 18

THE LILY MAE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2020

The Trustees present their report and the financial statements for the year ending 30th September 2020. The Trustees, who are also directors of the company and who served throughout the year are listed on the previous page. The Charity appointed three new trustees in the year ending 30th September 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles of Association , the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The Charity’s purposes, as set out in the objects contained in the Foundation’s Articles of Association are to:

1. Promote and protect the psychological, emotional and physical health and well - being of parents, their families and friends when a baby dies in the uterus, or at birth or soon after birth, by:

2. Support ing and provid ing information to bereaved parents, their families and friends.

3. Work ing collaboratively to improve and enhance professional practice with health and social care professionals for the benefit of bereaved parents and their families.

4. Promote and assist in research and the implementation of best practice to identify the causes and help reduce the incidence of the death of a baby in the uterus, at birth or soon after birth.

5. Make donations to other charitable organisations having similar objects as the charity that the Trustees shall, at their discretion, deem suitable.

6. Make donations to other charitable children’s organisations that the Trustees shall, at their discretion, deem suitable.

Our aims fully reflect the purposes that the Charity was set up to further.

Ensuring That Our Work Delivers Our Aims

The Trustees review our aims, objectives and activities periodically throughout the year. Each review look s at what we have achieved and the outcomes of our work.

The review process looks at the success of each key activity and the benefits they have brought to the groups of people that we are set up to help and support. The review also helps us to ensure that our aims, objectives and activities remain focused on our stated purposes.

We have referred to the notes contained in the Charity Commission’s general guidance on public benefit when undertaking our reviews and in planning our future activities. The Trustees consider how planned activities will contribute to the aims and objectives that they have set.

Public Benefit Statement

In the exercise of their powers as Charity Trustees, they have had due regard to the published guidance from the Charity Commission on the operation of the public benefit requirement. The aims of the Charity are carried out for public benefit.

The Trustees consider that support to parents, their families and friends who have suffered a Stillbirth or Neonatal death and the dissemination of information and lessons learned to the rest of the Country to be of public benefit.

• 1 -

THE LILY MAE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

Achievements and performance

Throughout the financial year 2019 to 2020 the Charity has continued to grow and to develop. The Global COVID-19 Pandemic created many challenges for us in terms of fundraising and the delivery of our supporting programmes. The pandemic caused us to cancel all our planned fundraising activities from March 2020 to September 2020. We responded to this challenge by developing a range of online fundraising activities and were able to make a number of successful bids for funding from a range of trusts and other charities to enable us to continue to provide support to bereaved parents by:

• Running new online events and activities to raise funds.

• Adapting our one to one and our group support sessions to comply with Government COVID-19 guidelines and restrictions. We developed our services by organising and holding meetings via Zoom and Facebook Live. We enabled those that we support in the one to one Babyloss Support Service to undertake socially distanced walks with our Bereavement Support Worker when restrictions allowed us to do so.

• Working with other charities to raise awareness of the Lily Mae Foundation and to provide an integrated and focussed support structure to parents, families and their friends.

• Working with other charities and key stakeholders of the All Party Parliamentary Group on Babyloss.

• Working with other charities and key stakeholders in support of Babyloss Awareness Week 2020.

• The continued provision of memory boxes and early gestation boxes to hospitals in the West Midlands, Warwickshire and Northern Ireland.

• Working with other charities and key stakeholders of the All-Party Parliamentary Group on support for children who have suffered the loss of sibling to Stillbirth, Neonatal Death, Miscarriage or a Medical Termination.

• Providing memory making kits for grandparents to the hospitals that we partner.

• Working with Cruse Bereavement Care to provide counselling support days to parents and families who have suffered a Stillbirth, Neonatal Death, Miscarriage or a Medical Termination.

• Working with Cruse Bereavement Care to provide supervisory support for our unique 1:1 Babyloss Support Service to parents and families who have suffered a Stillbirth, Neonatal Death, Miscarriage or a Medical Termination.

• Growing and further developing our Rainbow Baby Group parents and members of their families who have suffered a Stillbirth, Neonatal Death, Miscarriage or a Medical Termination who are now pregnant again or who have had a baby following a loss.

• Developing our Pregnancy After Loss (PAL) support group.

• Rearranging some of the planned activities for our #10TEN10 project in support of men’s mental health that were impacted by the pandemic. The decision was taken to continue the project into the coming year when restrictions allow us to do so.

• Growing and further developing our monthly support meetings for parents and members of their families who have suffered a Stillbirth, Neonatal Death, Miscarriage or a Medical Termination.

• Continuing to develop events, at pertinent times of the year, to remember and celebrate babies born sleeping, too poorly or too early.

• 2 -

THE LILY MAE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

Activities undertaken in support of those parents and families who have suffered a Stillbirth, Neonatal Death or a Medical Termination

1. Memory Boxes

We continue to provide memory boxes and early gestation boxes, at a cost of £80.54 each, to:

• Heartlands Hospital, Birmingham

• Good Hope Hospital, Sutton Coldfield

• Birmingham Women’s Hospital

• Birmingham Children’s Hospital

• UHCW (University Hospital Coventry and Warwickshire)

• Warwick Hospital, Warwickshire

• City Hospital, Birmingham

• New Cross Hospital, Wolverhampton

• George Eliot Hospital, Nuneaton

• Walsall Manor Hospital

• Princess Royal Hospital, Shrewsbury and Telford

• The Royal Victoria Hospital, Belfast, Northern Ireland

• Daisy Hill Hospital, Northern Ireland

2. Memory Making Kits for Grandparents

We have continued to distribute memory making kits for Grandparents to hospitals. These are at a cost of £8.99 each. These include a Grandparents poem, clay print making kit with photo frame and inkless print kit that can be used to make a piece of jewelry.

3. Sibling Support Packs

We started to deliver Sibling Support Packs to our Hospital’s in June 2020. Each pack costs £25 and includes an emotions journal, story book, photo frame, worry doll, pin badge, wrist band, drawstring tote bag, pens and pencils and notebook.

4. Counselling and Support

• 1:1 Babyloss Support Service . The Service goes from strength to strength. All of Amy’s time and workload is now spent in organising and running the Service. Amy has continued to broaden her knowledge of the needs of bereaved parents and families by undertaking a number of courses with Child Bereavement UK Charity. The skills learned within these CPD sessions have been very beneficial and transferrable to the bereaved parents and families that she sees. In any one working week Amy will work with approximately 18 clients per week on a 1:1 basis. It is pleasing to report that the funding that we received through the pandemic will enable us to train and appoint another Bereavement Support Worker to work alongside Amy and offer help and support to the everincreasing number of parents in need.

• Counselling Days : We have organised and run one very successful counselling days for parents in partnership with Cruse Bereavement Care, Birmingham. This was carried out in January 2020. Further dates that were planned had to be cancelled as a result of the pandemic.

• Regular Support : Ongoing support and signposting is provided to parents who contact us via social media, telephone or email. We receive an average of 20 contacts per day.

Monthly Support Meeting : Meetings are scheduled and carried out on the first Tuesday of each month and take place in a local pub. Parents come together to share experiences and support each other. Due to the pandemic these meetings were carried out via zoom. When restrictions allowed us to, we held these meetings at our offices in Balsall Common.

• 3 -

THE LILY MAE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

Activities undertaken in support of those parents and families who have suffered a Stillbirth, Neonatal Death or a Medical Termination continued...

• Face to Face, Telephone, Website and Social Media Support : The Foundation provides help and support and detailed and current information via face-to-face meetings, telephone calls, our website, Facebook, Twitter and Instagram pages to bereaved parents, families, counsellors and those who work in the care and medical professions with regard to Stillbirth and Neonatal death. We average 20 phone calls per week. We receive, on average, 600 website hits each day. At present, we have 7100 followers on Facebook who access our support and information. Currently we have 1584 followers on Twitter and 1335 followers on Instagram who access our support and information. We have seen a huge increase in demand for our services due to the pandemic and the isolation caused by lockdown to bereaved parents who are unfortunately spending less time in hospital and are receiving reduced support.

5. Little Shining Lights Remembrance Service

We organised and ran our sixth very successful service on 01 December 2019, attended by 90 families. A sixth service is planned for 06 December 2020. If Government restrictions for the COVID-19 Pandemic are still in place, we will organise the service to be broadcast through our Facebook and Instagram pages and invite parents and families to join us and then make their dedications to their babies on a tree that we will position outside of the church.

6. Wave of Light Celebrations

A celebration and remembrance service was held on 15th October 2019 in conjunction with the international Wave of Light movement and was attended by 100 local families. Candles were lit and ribbons were tied to a special tree to remember those babies born sleeping, too poorly or too early. We also arranged and paid for the Library of Birmingham and Town Hall Symphony Hall Birmingham to be lit in pink and blue on 15 October to mark the International Wave of Light. We have planned to do the same in 2020 by speaking to those responsible for notable landmarks in Birmingham.

7. Research

The Trustees continue to foster links and build relationships with a range of medical professionals to develop research into the causes of Stillbirth, Neonatal Death, Miscarriage and Medical Termination and prevention strategies.

We continue to be the PPI (Patient and Public Involvement) Advisor to the CERM phase III trial – Chronic Endometritis and Recurrent Miscarriage sponsored by University Hospitals Coventry and Warwickshire NHS Trust along with Warwick University Clinical Trials unit, Imperial College London and the University of Birmingham.

The Organisation and Delivery of Fundraising Events & Activities Undertaken

During the year 2019 to 2020, The Foundation has continued to schedule a range of events and activities, which are now ‘fixed’ in our Charity calendar. Unfortunately, due to the COVID-19 Pandemic we had to cancel both our major fundraising events, our Evening Dinner Dance in April and our Fun Run in September. We were able to hold our Golf Day in July although it was on a reduced scale following government guidelines. However, we were able to organise and run a number of online fundraising activities which brought in a some funding.

We have continued to make bids to a range of trusts and organisations for funding support. We were grateful that a trustee who was furloughed from her work spent much of the first lockdown making very successful bids for funding which has more than compensated for the loss of funds from our cancelled fundraising events and activities. We still recognise that we could do more in this area to increase our income and are investigating the use of a bid writer.

• 4 -

THE LILY MAE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

The Organisation and Delivery of Fundraising Events & Activities Undertaken continued...

Some of the major fundraising events and activities that have been undertaken are:

• We developed the #10TEN10 Campaign, a year long project involving 10 bereaved dads participating in 10 challenging events over 10 days throughout the year in support of men’s mental health and wellbeing following the loss of a baby. Unfortunately, many of the planned activities have had to be postponed due to the COVID-19 Pandemic.

• We sold Christmas cards nationwide.

• We organised 10 online quiz nights.

• We held our tenth annual Golf Day at The Belfry Hotel. We had 132 golfers sign up and play during the day.

• We were able to defer our Golf Day prize raffle draw scheduled for April until November. We anticipate that we will suffer a fundraising loss.

• We arranged for 72 individuals to Skydive for the Charity at Hinton Skydiving Centre throughout 2020. Unfortunately, not all individuals were able to jump due to the COVID-19 Pandemic. Those who did jump raised over £10,000. We are hopeful that we will be able to reschedule the jumps for those that were unable to take part in 2021.

• The Foundation organised the seventh Fun Run in Balsall Common for September. Unfortunately, yet again the COVID-19 restrictions meant that we had to cancel this most successful local community fundraising event.

Activities Planned in Support of Those Who Have Suffered a Stillbirth or N e onatal Death

• To continue to supply memory boxes to our local hospitals and to support our widening network with memory box provision. Currently we supply memory boxes to 11 hospitals in the West Midlands and Warwickshire and to 2 hospitals in Northern Ireland. In the year we donated some 625 memory boxes.

• To continue to develop our successful partnership with Cruse Bereavement Care, Birmingham to offer further counselling days and to explore a range of further support strategies for children, the wider family and friends.

• To continue to work with Cruse Bereavement Care to further develop our bereavement support that can be offered to parents and families from our offices.

• To continue to develop our Babyloss Support Service, a unique one to one support for bereaved parents.

• To develop Sibling support packs to complement the memory box provision to 11 hospitals in the West Midlands and Warwickshire and to 2 hospitals in Northern Ireland. We began to deliver the packs to our hospitals in July.

• To continue to support requests for research through grant funding.

• To continue the growth and further development of our Rainbow Baby Group for parents and members of their families who have suffered a Stillbirth, Neonatal Death, Miscarriage or a Medical Termination who are now pregnant again or who have had a baby following a loss.

• To continue the development of our Pregnancy After Loss support group for parents who have suffered a Stillbirth, Neonatal Death, Miscarriage or a Medical Termination

• 5 -

THE LILY MAE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

Activities Planned in Support of Those Who Have Suffered a Stillbirth or N e onatal Death continued...

• To develop a Dads and Grandads support group focusing on Male Mental Health and its association with Babyloss.

• To investigate hosting and producing a regular supportive podcast aimed at addressing men’s mental health and babyloss.

• To develop, undertake and promote our #10TEN10 Challenge. United by Babyloss; 10 men supporting each other through 10 events to break the stigma of Men’s Mental Health.

• To be involved in the local community to improve antenatal care for pregnant women.

• To continue to offer informal support meetings locally.

• To continue to explore links and develop networks with other Stillbirth Charities, such as Sands, Child Bereavement UK, APPG on Babyloss and the BLAW Stakeholder Group.

• To continue to explore links and develop networks as a member of the All Party Parliamentary Group on Baby Loss

• To continue to research the need for an advocacy service for those affected by Stillbirth, Neonatal Death or a Medical Termination for subsequent pregnancies.

• To continue to offer support to parents and families through our Little Shining Lights and Wave of Light baby remembrance services

The Organisation and Delivery of Planned Fundraising Events and Activities

• To continue to apply for funding support to local and national providers.

• To continue to organise our annual Golf Day and Dinner Dance.

• To continue to organise and run our Pub Quizzes.

• To continue to organise and host the local Fun Run in Balsall Common.

• To continue to sell Christmas cards nationwide.

• To continue to explore, develop and organise new fundraising events and activities.

• To continue to explore, develop and organise Social Media campaigns to maximise marketing potential.

• To continue to advertise our work, support and activities through local and national media.

Financial review

The net surplus for the year arising from net income from activities and fund-raising events, and donations received, and not yet spent by the year-end, is shown in the Statement of Financial Activities.

• 6 -

THE LILY MAE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

Structure, governance and management

The Foundation is limited by guarantee and does not have any share capital. It is governed by the Memorandum and Articles of Association, incorporated on 6th September 2012. The Foundation was registered as a Charity on 16th October 2012.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: A Brook

M Whitehouse K Blackstock F Holland (Resigned 23 October 2019) M Brooks S Richards S Lane (Resigned 1 March 2020) Mr G A Heaps L Pugh (Appointed 13 January 2020) N Casey (Appointed 6 January 2020) S Carter (Appointed 7 October 2019) A Price (Appointed 23 September 2020)

Statement of trustees' responsibilities

The trustees (who are also directors of The Lily Mae Foundation for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

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

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whethe r applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

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

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

The Trustees' r eport was approved by the Board of Trustees.

..............................

Ryan Jackson Founder and Managing Director Dated: .........................

• 7 -

THE LILY MAE FOUNDATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE LILY MAE FOUNDATION

I report to the Trustees on my examination of the financial statements of The Lily Mae Foundation (the Charity) for the year ended 30 September 2020.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

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

Independent examiner's statement

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

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

• 2 the financial statements do not accord with those records; or

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

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

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

M T Manley & Co Limited

696 Yardley Wood Road Billesley Birmingham B13 0HY

Dated: .........................

• 8 -

THE LILY MAE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2020

Unrestricted Restricted funds funds 2020 2020 Notes £ £ Income and endowments from: Donations and legacies 3 125,660 49,175 Other trading activites 4 3,671 - Interest income 5 358 - Other income 6 63,306 - Total income 192,995 49,175 Expenditure on: Raising funds 7 68,635 - Charitable activities 8 108,198 28,479 Total resources expended 176,833 28,479 Net income for the year/ Net movement in funds 16,162 20,696 Fund balances at 1 October 2019 133,934 22,650 Fund balances at 30 September 2020 150,096 43,346	Total 2020 £ 174,835 3,671 358 63,306 242,170 68,635 136,677 205,312 36,858 156,584 193,442	Total 2019 £ 135,003 2,281 182 104,854 242,320 79,335 114,536 193,871 48,449 108,135 156,584

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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

• 9 -

THE LILY MAE FOUNDATION

BALANCE SHEET

AS AT 30 SEPTEMBER 2020

Notes Fixed assets Tangible assets 13 Current assets Stocks 14 Debtors 15 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Income funds Restricted funds Unrestricted funds	2020 £ 8,202 6,012 154,169 168,383 (18,364)	£ 43,423 150,019 193,442 43,346 150,096 193,442	2019 £ - 9,037 128,138 137,175 (6,215)	£ 25,624 130,960 156,584 22,650 133,934 156,584

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2020.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

..............................

Trustee

Company Registration No. 08205134

• 10 -

THE LILY MAE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

1 Accounting policies

Charity information

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered office is: 1st Floor, The Annexe Balsall Street East Balsall Common Coventry CV7 7FR

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the Charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 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.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Incoming resources

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

• 11 -

THE LILY MAE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings Straight Line over 4 years Computers Straight Line over 3 years Motor vehicles Straight Line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.6 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.7 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell . Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.8 Cash and cash equivalents

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

1.9 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

• 12 -

THE LILY MAE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10 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 charitable company 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 Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

• 13 -

THE LILY MAE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

3 Donations and legacies

		Unrestricted	Restricted	Total	Total
		funds	funds
		2020	2020	2020	2019
		£	£	£	£
	Donations and gifts	125,660	49,175	174,835	135,003
	For the year ended 30 September 2019	127,117	7,886		135,003
4	Other trading activities
			Unrestriced	Unrestriced funds
			funds
			2020		2019
			£		£
	Branded merchandise sales		3,671		2,281
5	Interest income
			Unrestricted		Total
				funds
				2020	2019
				£	£
	Bank interest			358	182
6	Other income
			Unrestricted		Total
				funds
				2020	2019
				£	£
	Fundraising events			63,306	104,854

• 14 -

THE LILY MAE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

7 Raising funds

UnrestrictedUnrestricted Restricted funds funds funds 2020 2019 2019 £ £ £ Fundraising and publicity Other fundraising costs 42,019 45,669 7,828 Staff costs 26,616 25,838 - Fundraising and publicity 68,635 71,507 7,828 68,635 71,507 7,828	Total 2019 £ 53,497 25,838
	79,335
	79,335

8 Charitable activities

	Charitable	Charitable
	Expenditure	Expenditure
	2020	2019
	£	£
Staff costs	28,687	31,679
Memory boxes	6,293	8,673
Support & remembrance	20,406	4,641
One to one support	34,367	10,448
Other charitable objects	2,845	12,954
Depreciation	7,695	7,091
Profit/loss on disposal	3,106	283
	103,399	75,769
Share of support costs (see note 9)	33,278	38,767
	136,677	114,536
Analysis by fund
Unrestricted funds	108,198	109,049
Restricted funds	28,479	5,487
	136,677	114,536

• 15 -

THE LILY MAE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

9 Support costs

Support costs £ Publicity 2,965 Office costs, rent 17,584 Insurance 637 Website costs 3,864 Postage 447 Stationery 32 Telephone 859 Online collection fees 2,504 Bank and card charges 643 Vehicle running costs 1,468 Accountancy 1,476 Training 525 Accountancy and bookkeeping 274 33,278 Analysed between Charitable activities 33,278	2020 £ 2,965 17,584 637 3,864 447 32 859 2,504 643 1,468 1,476 525 274 33,278 33,278	2019 £ 9,807 16,821 598 3,408 271 218 1,019 3,580 619 995 1,200 - 231
		38,767
		38,767

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

11 Employees

Number of employees

The average monthly number of employees during the year was:

	2020	2019
	Number	Number
	3	2
Employment costs	2020	2019
	£	£
Fundraising	26,616	25,838
Operations	28,687	31,679
One to one support	34,366	10,448
Support	9,460	12,785
	99,130	80,750

• 16 -

THE LILY MAE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

12 Taxation

The charity is a registered charity and is therefore exempt from taxation.

13 Tangible fixed assets

13	Tangible fixed assets
		Fixtures and	Computers Motor vehicles		Total
		fittings
		£	£	£	£
	Cost
	At 1 October 2019	6,396	2,283	38,586	47,265
	Additions	1,803	1,798	40,500	44,101
	Disposals	(126)	-	(38,586)	(38,712)
	At 30 September 2020	8,073	4,081	40,500	52,654
	Depreciation and impairment
	At 1 October 2019	3,466	2,283	15,892	21,641
	Depreciation charged in the year	1,707	50	5,938	7,695
	Eliminated in respect of disposals	(67)	-	(20,038)	(20,105)
	At 30 September 2020	5,106	2,333	1,792	9,231
	Carrying amount
	At 30 September 2020	2,967	1,748	38,708	43,423
	At 30 September 2019	2,930	-	22,694	25,624
14	Stocks
				2020	2019
				£	£
	Raw materials and consumables			8,202	-
15	Debtors
				2020	2019
	Amounts falling due within one year:			£	£
	Other debtors			-	292
	Prepayments and accrued income			6,012	8,746
				6,012	9,038

• 17 -

THE LILY MAE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020

16 Creditors: amounts falling due within one year

Other taxation and social security Accruals and deferred income Analysis of net assets between funds Unrestricted Restricted 2020 2020 £ £ Fund balances at 30 September 2020 are represented by: Tangible assets 29,715 13,708 Current assets/ (liabilities) 120,381 29,638 150,096 43,346	TotalUnrestricted 2020 2019 £ £ 43,423 3,171 150,019 130,763 193,442 133,934	2020 £ 5,741 12,623 18,364 Restricted 2019 £ 22,452 198 22,650	2019 £ 2,549 3,666
			6,215
			Total 2019 £ 25,623 130,961
			156,584

17 Analysis of net assets between funds

18 Related party transactions

There were no disclosable related party transactions during the year (2019 - none).

• 18 -