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2022-03-31-accounts

Charity registration number 1150178

Company registration number 08169471 (England and Wales)

THE TINY LIVES TRUST

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees R Hearn
G D McCourt
J Carangelo-Hutchins
J A Carruthers Jones
A B Twaddle
P A Dulson
J H Dixon
N P Hurst (Appointed 1 November 2021)
Head of Tiny Lives Kelly Blakeney
Charity number 1150178
Company number 08169471
Registered office Riverside Studios
Newcastle Business Park
19 Amethyst Road
Newcastle upon Tyne
NE4 7YL
Auditor RMT Accountants & Business Advisors Ltd
Gosforth Park Avenue
Newcastle upon Tyne
NE12 8EG
Bankers HSBC
110 Grey Street
Newcastle upon Tyne
NE1 6JG

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Trustees' report 1 - 7
Independent auditor's report 8 - 10
Statement of financial activities 11 - 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 27

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees (who are also directors of the charity for the purposes of company law) present their report and audited financial statements of The Tiny Lives Trust (the charitable company) for the year ended 31 March 2022.

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) (effective 1 January 2019)".

Highlights

The Tiny Lives aims to ensure that all families being looked after by the Newcastle Neonatal Service at Newcastle RVI are able to access the practical and emotional support that they need through their neonatal journey, and that the babies are able to benefit from the highest standards of care leading to improved outcomes in their health and quality of life.

2021/2022 continued to be an uncertain year for Tiny Lives Trust as the COVID pandemic entered its 2nd year, however in spite of the uncertainty, thanks to the amazing support of fundraisers, corporate supporters and funders, it has been a successful fundraising year, with income increasing 27% on 2020/2021.

We have been delighted that during this year, visiting restrictions have relaxed to enable both parents to be able to spend time together with their baby/ies. While this has been warmly welcomed, the need for mental health support for families remains high, and has been exacerbated by the continued impact of Covid for both parents on the ward and those discharged.

Tiny Lives have been able to return to our face-to-face parent and baby groups, which have proved a vital support for families after the isolation experienced during Covid and have been more popular than ever:

‘For me as a parent, they [Music Movement and Sensory classes] have been truly invaluable. I’ve been able to talk with other mums who have been through similarly difficult starts in the NICU who really get it…The classes have been the highlight of my maternity leave’

While charitable spend has not reached pre-pandemic levels due to the limited capacity of health service staff to engage and develop new services during this challenging time, we have increased our grant spend on services for families by 13% from 2020/2021.

At the time of writing, the cost-of-living crisis is beginning to impact families, with requests for support through the Family Support Social work team increasing and evidence of financial hardship increasing. With families already struggling with the financial impact of having a premature or sick newborn baby, increasing costs of living add to an already very challenging situation. Tiny Lives will be working closely with the Family Support Social work team, unit teams and other partners to explore ways to provide continued support for families 2022/2023.

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities

Objectives:

The objects of the charity are the relief and care of new babies and their mothers and families, in particular those looked after by the Newcastle Neonatal Service at the Royal Victoria Infirmary, Newcastle upon Tyne, by:

Our Vision:

Having a premature or sick baby can be one of the most difficult and life changing challenges a family experience. Tiny Lives is here to help ensure the best possible outcomes for babies and their families throughout their neonatal journey.

Our Mission:

Tiny Lives recognises that the neonatal journey is different for every family. For some, it may start during pregnancy and for some it may continue long after discharge. Tiny Lives supports babies and their families throughout this journey, particularly those who have been cared for by the neonatal service at the Royal Victoria Infirmary in Newcastle upon Tyne.

Our Guiding Values:

Tiny Lives recognises that around every premature and unwell baby there is a family and families come in all forms and have many different needs. In order to enable the most positive outcomes for babies, we will work with families, neonatal professionals, supporters and other stakeholders to:

Our Strategic Aims:

  1. All families are able to access support for their emotional and mental health.

  2. We will support an environment that nurtures family relationships, promotes wellbeing and removes barriers.

  3. We will support an environment that delivers excellence in clinical care.

  4. We will be a sustainable and adaptive organisation with a focus on impact.

The Trustees continue to ensure that charitable funding is in line with the charitable objects and the aims and objectives within the 2019 – 2022 Strategic Plan. Areas of charitable funding this year in line with the aims are outlined in our achievements below.

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance

2021/2022 has continued to be a difficult year with many families continuing to be impacted by visiting restrictions (both parents visiting their baby at the same time was only possible from July 2021), but continuation of little to no access for wider family or siblings.

During this year, we have supported over 650 families with babies on the neonatal unit, and over 100 families with a variety of support activities post-discharge from the unit.

Tiny Lives chose to not hold its large events again this year for the safety of our participants, families and staff. In these continuing difficult times, we are incredibly grateful to our supporters (both individuals and companies) who have continued to give to the charity, enabling us to continue to provide services for neonatal families.

While some activities have continued to be paused as a result of NHS staff capacity during the pandemic and social restrictions and ward restrictions, we have been able to continue to deliver a wide range of support for families. We are proud to outline the following areas of delivery throughout this year, in line with our Strategic Aims.

1. All families are able to access support for their emotional and mental health

2. We will support an environment that nurtures family relationships, promotes wellbeing and removes barriers

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

3. We will support an environment that delivers excellence in clinical care

4. We will be a sustainable and adaptive organisation with a focus on impact

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

Tiny Lives does not receive any government funding and fundraising continues to be the principle source of the charity’s income.

Financial position

Full details of our financial position can be found in the accompanying financial statements attached to this report. The statement of financial activities shows total incoming resources of £506,026, resulting in a surplus for the year of £39,037.

Designated funds have been utilised to develop new services and projects. New funds were designated last year to develop the communications strategy and website investment, as well as to develop the integration of the Tiny Lives Nearly New Sales volunteer led activity, into the charity.

Reserves policy

A minimum reserves of six months operating costs should be held to enable the charity to explore new income streams in the event of a downturn in fundraising. Tiny Lives intends to maintain reserves at this level by using endowment income and unrestricted donations. Unrestricted reserves at 31 March 2022 totalled £593,799 which represents over 12 months current operating costs.

Due to the impact of the pandemic on the health service, we have seen a reduction in our charitable spend in recent years, which has led to us generating a surplus in 2021/2022. As the charity is carrying a healthy level of reserves, we intend to focus activity towards meeting the changing needs of families during their time both on the neonatal unit and once discharged home, in line with our strategic objectives, and in consultation with stakeholders.

As a result of the current economic uncertainty alongside our strategic plans for both continuity and development of services for families, and our level of reserves, the Board Trustees have agreed to utilise unrestricted reserves to fund a planned deficit in 2022/2023. This will be closely monitored and reviewed as the year progresses.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Risk management

The Board receive an update on risk twice a year and review the risk register in detail annually, unless events dictate a more immediate review. The Trustees have assessed the major risks to which the charity is exposed, in particular the financial and operational risks, and are satisfied that systems and procedures are in place to mitigate our exposure to major risks.

COVID-19 risk

The ongoing COVID-19 pandemic continues to generate a significant level of uncertainty in the global economy. The management team and Board regularly assess the likely effects on the charity's operations in an attempt to mitigate the risk as far as possible.

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Plans for future periods

While the impact of the pandemic is now reduced compared to previous year, we are beginning to see the impact of the cost-of-living crisis on families we support, and on the charity itself which will impact the charity significantly into 2022/2023.

Trustees have agreed to extend the 2019 – 2022 strategy into 2023 and in 2022/23 plan to utilise unrestricted reserves to deliver activities which respond to the emerging needs of the families accessing the neonatal service, including expanding our services to the ‘Transitional Care’ part of the neonatal service, for families not previously included as part of the charity’s remit, but are families cared for within the Newcastle Neonatal service and therefore meet our charitable objects.

During 2022/2023, we will be implementing a review of our existing strategy and inform the development of a new strategy for launch in 2023/2024.

Structure, governance and management

The charity is registered as a charitable company limited by guarantee and was incorporated under its Memorandum of Association on 6 August 2012, commencing activity on 1 September 2013. The charitable company is constituted under its Memorandum of Association and is a registered charity (number 1150178). The Articles of Association have been approved by the Charity Commission.

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:

to the date of signature of the financial statements were:
M Dodgson (Resigned 28 April 2022)
B Toole (Resigned 28 April 2022)
R Hearn
A C Fenton (Resigned 5 February 2022)
G D McCourt
J Carangelo-Hutchins
S Rennison (Resigned 31 July 2022)
J A Carruthers Jones
A B Twaddle
P A Dulson
J H Dixon
N P Hurst (Appointed 1 November 2021)

Trustees are appointed to maintain a balance of six clinical and six non-clinical trustees, from a variety of backgrounds. Appointments are made following an agreed process and ratified by the Board of Trustees. All new trustees follow an induction programme as set out in our Governance Policies document.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company

and guarantee to contribute £1 in the event of a winding up.

The trustees are responsible for setting the strategic direction of the charity and its overall management, under the terms of the Articles of Association. Effective day to day management is delegated to the Head of Tiny Lives. Quarterly board meetings are held to discuss strategy and performance, and to consider funding applications.

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Staff reviews

Staff salaries are reviewed annually. Salaries for new posts are benchmarked against similar local charities.

Pay policy for senior staff

No trustee received remuneration for their contribution to Tiny Lives during 2021/22. The salary of the Head of Tiny Lives is reviewed annually in line with the rest of the staff team.

Related parties and co-operation with other organisations

Any connection between a trustee or senior manager of the charity with a supplier must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year, no such related party transactions were reported.

Statement of trustees' responsibilities

The trustees, who are also the directors of The Tiny Lives Trust for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

charity will continue in operation.

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

Auditor

In accordance with the company's articles, a resolution proposing that RMT Accountants & Business Advisors Ltd be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

N P Hurst

Trustee Dated: 2 November 2022

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE TINY LIVES TRUST

Opinion

We have audited the financial statements of The Tiny Lives Trust (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE TINY LIVES TRUST

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the entity:

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE TINY LIVES TRUST

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and noncompliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Stephen Slater (Senior Statutory Auditor)

for and on behalf of RMT Accountants & Business Advisors Ltd Statutory Auditor Gosforth Park Avenue Newcastle upon Tyne NE12 8EG

Date: 7 November 2022

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Current financial year Current financial year Current financial year Current financial year Total
2021
£
385,561
11,369
1,874
398,804
7,389
471,019
478,408
Unrestricted
Designated
Restricted
funds
funds
funds
2022
2022
2022
Notes
£
£
£		 Total
funds funds funds
2022 2022 2022 2022
£ £ £ £
Income from:
Donations and legacies
3		 460,026 - 31,053 491,079
Other trading activities
4		 14,281 - - 14,281
Investments
5		 666 - - 666
Total income 474,973 - 31,053 506,026
Expenditure on:
Raising funds
9,573 1,075 - 10,648
Charitable activities
6		 426,408 17,001 12,932 456,341
Total resources expended
Net incoming/(outgoing) resources
before transfers
Gross transfers between funds
Net income/(expenditure) for the year/
435,981 18,076 12,932 466,989
38,992 39,037
(18,076) 18,121 (79,604)
-
(8,498) 8,498 - -
30,494 39,037
Net movement in funds (9,578) 18,121 (79,604)
Fund balances at 1 April 2021
Fund balances at 31 March 2022		 715,028
635,424
563,305 69,693 2,426 635,424
593,799 60,115 20,547 674,461

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.

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Prior financial year

Unrestricted
Designated
Restricted
funds
funds
funds
2021
2021
2021
Notes
£
£
£		 Unrestricted
Designated
Restricted
funds
funds
funds
2021
2021
2021
Notes
£
£
£		 Unrestricted
Designated
Restricted
funds
funds
funds
2021
2021
2021
Notes
£
£
£		 Unrestricted
Designated
Restricted
funds
funds
funds
2021
2021
2021
Notes
£
£
£		 Total
2021
£
385,561
11,369
1,874
398,804
7,389
471,019
478,408
funds funds funds
2021 2021 2021
£ £ £
Income from:
Donations and legacies
3		 364,023 - 21,538
Other trading activities
4		 11,369 - -
Investments
5		 1,874 - -
Total income 377,266 - 21,538
Expenditure on:
Raising funds
7,147 242 -
Charitable activities
6		 392,251 59,656 19,112
Total resources expended
Net incoming/(outgoing) resources before
transfers
Gross transfers between funds
Net income/(expenditure) for the year/
Net movement in funds
Fund balances at 1 April 2020
Fund balances at 31 March 2021
399,398 59,898 19,112
2,426
(22,132) (59,898) (79,604)
16,795 -
(16,795) -
2,426
(5,337) (76,693) (79,604)
715,028
635,424
568,642 146,386 -
563,305 69,693 2,426

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.

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 31 MARCH 2022

Notes 2022 2021 £
2,215
739,034
741,249
£ £ £
Fixed assets
Tangible assets
11
Current assets		 55,549
683,697
739,246
(40,501)		 6,301
698,745
705,046
(30,585)
674,461
20,547
653,914
674,461
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
Provisions for liabilities
14
Net assets
Income funds
Restricted funds
16
Unrestricted funds 60,115
593,799
Designated funds
17
General unrestricted funds

The financial statements were approved by the Trustees on 2 November 2022

A B Twaddle

Trustee

Company Registration No. 08169471

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash absorbed by operations
21
Investing activities
Purchase of tangible fixed assets		 2022 2021 £
£ £ £
(6,480)
666		 (83,620)
(5,814)
-
(89,434)
773,131
683,697		 -
1,874
(87,657)
1,874
-
Investment income received
Net cash (used in)/generated from
investing activities
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(85,783)
858,914
773,131

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

The Tiny Lives Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Riverside Studios, Newcastle Business Park, 19 Amethyst Road, Newcastle upon Tyne, NE4 7YL.

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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The financial statements have been prepared on the going concern basis. The Board has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Board has concluded that the going concern assumption is appropriate in preparing these 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 Income

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.

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.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees' Report.

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Investment income relates to interest earned through holding assets on deposit.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to the cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged against the expenditure incurred.

Grants payable to third parties are within the charitable activities. Where unconditional grants are offered the grant is recognised when they are awarded. Where grants are conditional relating to performance then the grant is accrued when the conditions have been met.

1.6 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, fittings & computer equipment

33% straight line

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 the statement of financial activities.

1.7 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).

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

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.

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 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 payments 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 Provisions

Provisions are recognised when the charity has a legal or constructive present obligation as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(Continued)

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.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2022
2022
£
£		 Unrestricted
Restricted
funds
funds
2022
2022
£
£		 Unrestricted
Restricted
funds
funds
2022
2022
£
£		 Total
Unrestricted
Restricted		 Total
Unrestricted
Restricted		 Total
Unrestricted
Restricted		 Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Donations and gifts 352,499 - 352,499 245,637 1,980 247,617
Grants 107,527 31,053 138,580 118,386 19,558 137,944
Grants receivable for
core activities
Government Covid-19
support
460,026 31,053 491,079 364,023 21,538 385,561
- - - 23,484 - 23,484
Other grants 107,527 31,053 138,580 94,902 19,558 114,460
107,527 31,053 138,580 118,386 19,558 137,944

Other

The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our directors report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

4 Other trading activities

Unrestricted
Unrestricted
funds
funds
2022
2021
£
£		 Unrestricted
Unrestricted
funds
funds
2022
2021
£
£		 Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
funds funds
2022 2021
£ £
Fundraising events 10,698 8,217
Other trading activity income 3,583 3,152
Other trading activities 14,281 11,369
Investments
Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
Interest receivable
666
1,874

5 Investments

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

6 Charitable activities

2022 2021
£ £
Staff costs 162,127 162,250
Depreciation and impairment 2,394 4,128
Premises costs 16,985 15,400
Office costs 18,087 21,328
Professional costs 1,223 1,758
Other costs 193 128
Direct project costs 14,094 51,505
215,103 256,497
Grant funding of activities (see note 7) 205,915 182,426
Share of support costs (see note 8) 30,063 28,326
Share of governance costs (see note 8) 5,260 3,770
Analysis by fund
456,341 471,019
Unrestricted funds 426,408 392,251
Designated funds 17,001 59,656
Restricted funds 12,932 19,112
456,341 471,019

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

7 Grants payable

Grants payable
2022 2021
£ £
Grants to institutions:
To fund a social worker for the Ward: Newcastle City Council 58,647 52,576
To fund a physiotherapist for the Ward: NHS Foundation Trust 58,962 58,950
To fund a psychological support for the Ward: NHS Foundation Trust 19,668 19,384
To fund research for the Ward: NHS Foundation Trust 1,995 -
To fund training for the Ward: NHS Foundation Trust 455 60
To fund equipment for the Ward: Other 41,404 29,013
To fund services for the Ward 5,760 7,705
To fund a training package for Health Visitors: Institute of Health Visitors - (900)
Less grants no longer required (7,841) -
179,050 166,788
Grants to individuals 26,865 15,638
205,915 182,426

8 Support costs

Support
costs
Governance
costs		 Support
costs
Governance
costs		 2022 Support
costs
Governance
costs		 Support
costs
Governance
costs		 2021
£ £ £ £ £ £
Staff costs 23,289 - 23,289 22,007 - 22,007
Trustee costs - 1,540 1,540 - 50 50
Premises costs 3,527 - 3,527 3,335 - 3,335
Office costs 3,247 - 3,247 2,984 - 2,984
Audit fees - 3,720 3,720 - 3,720 3,720
30,063 5,260 35,323 28,326 3,770 32,096
Analysed between
Charitable activities 30,063 5,260 35,323 28,326 3,770 32,096

Governance costs includes payments to the auditors of £3,720 (2021- £3,720) for audit fees.

9 Trustees

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

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

10 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Charitable activities 6 6
Employment costs 2022 2021
£ £
Wages and salaries 166,376 165,522
Social security costs 9,937 9,389
Other pension costs 9,103 9,346
185,416 184,257

The key management personnel of the charity comprise the trustees, and the Head of Tiny Lives. The total employee benefits (excluding employer pension costs) of the key management personnel of the charity were £59,378 (2021 - £58,786).

There were no employees whose annual remuneration was £60,000 or more.

11 Tangible fixed assets

Tangible fixed assets Tangible fixed assets
Fixtures, fittings &
computer equipment
£
£
Cost
At 1 April 2021 12,384
Additions 6,480
At 31 March 2022 18,864
Depreciation and impairment
At 1 April 2021 10,169
Depreciation charged in the year 2,394
At 31 March 2022 12,563
Carrying amount
At 31 March 2022 6,301
At 31 March 2021 2,215

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

12
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
13
Creditors: amounts falling due within one year
2022
£
1,390
54,159
55,549
Trade creditors
Other creditors
Accruals and deferred income
14
Provisions for liabilities		 2022
£
21,767
2,731
16,003
40,501
Funding commitments
Movements on provisions:
At 1 April 2021
Additional provisions in the year
Reversal of provision
Utilisation of provision
At 31 March 2022		 2022
£
30,585
(16,770)
(295,249)
30,585
30,585

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

15 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £9,103 (2021 - £9,346).

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Incoming
resources
Resources
expended
Balance at
1 April 2021
Incoming
resources
Resources
expended
Balance at
31 March
2022
£
£
£
£
£
£
Newcastle Building Society
Community grant
2,958
(2,634)
324
-
(297)
27
Global's Make Some Noise
grant
13,500
(13,500)
-
-
-
-
Tesco Bags of Help
500
(500)
-
-
-
-
Asda Feeding Communities
600
(498)
102
-
(102)
-
The Hospital Saturday
Fund
2,000
-
2,000
-
(2,000)
-
Lowes Financial
Management
1,980
(1,980)
-
-
-
-
The National Lottery
Community Fund
-
-
-
8,833
(6,033)
2,800
St James Wealth
Management
-
-
-
2,500
(2,500)
-
Hadrian Trust
-
-
-
2,000
(2,000)
-
Draeger Saftey UK
-
-
-
440
-
440
Postcode Neighbourhood
Trust
-
-
-
17,280
-
17,280
21,538
(19,112)
2,426
31,053
(12,932)
20,547		 Incoming
resources
Resources
expended
Balance at
1 April 2021
Incoming
resources
Resources
expended
Balance at
31 March
2022
£
£
£
£
£
£
Newcastle Building Society
Community grant
2,958
(2,634)
324
-
(297)
27
Global's Make Some Noise
grant
13,500
(13,500)
-
-
-
-
Tesco Bags of Help
500
(500)
-
-
-
-
Asda Feeding Communities
600
(498)
102
-
(102)
-
The Hospital Saturday
Fund
2,000
-
2,000
-
(2,000)
-
Lowes Financial
Management
1,980
(1,980)
-
-
-
-
The National Lottery
Community Fund
-
-
-
8,833
(6,033)
2,800
St James Wealth
Management
-
-
-
2,500
(2,500)
-
Hadrian Trust
-
-
-
2,000
(2,000)
-
Draeger Saftey UK
-
-
-
440
-
440
Postcode Neighbourhood
Trust
-
-
-
17,280
-
17,280
21,538
(19,112)
2,426
31,053
(12,932)
20,547		 Incoming
resources
Resources
expended
Balance at
1 April 2021
Incoming
resources
Resources
expended
Balance at
31 March
2022
£
£
£
£
£
£
Newcastle Building Society
Community grant
2,958
(2,634)
324
-
(297)
27
Global's Make Some Noise
grant
13,500
(13,500)
-
-
-
-
Tesco Bags of Help
500
(500)
-
-
-
-
Asda Feeding Communities
600
(498)
102
-
(102)
-
The Hospital Saturday
Fund
2,000
-
2,000
-
(2,000)
-
Lowes Financial
Management
1,980
(1,980)
-
-
-
-
The National Lottery
Community Fund
-
-
-
8,833
(6,033)
2,800
St James Wealth
Management
-
-
-
2,500
(2,500)
-
Hadrian Trust
-
-
-
2,000
(2,000)
-
Draeger Saftey UK
-
-
-
440
-
440
Postcode Neighbourhood
Trust
-
-
-
17,280
-
17,280
21,538
(19,112)
2,426
31,053
(12,932)
20,547		 Incoming
resources
Resources
expended
Balance at
1 April 2021
Incoming
resources
Resources
expended
Balance at
31 March
2022
£
£
£
£
£
£
Newcastle Building Society
Community grant
2,958
(2,634)
324
-
(297)
27
Global's Make Some Noise
grant
13,500
(13,500)
-
-
-
-
Tesco Bags of Help
500
(500)
-
-
-
-
Asda Feeding Communities
600
(498)
102
-
(102)
-
The Hospital Saturday
Fund
2,000
-
2,000
-
(2,000)
-
Lowes Financial
Management
1,980
(1,980)
-
-
-
-
The National Lottery
Community Fund
-
-
-
8,833
(6,033)
2,800
St James Wealth
Management
-
-
-
2,500
(2,500)
-
Hadrian Trust
-
-
-
2,000
(2,000)
-
Draeger Saftey UK
-
-
-
440
-
440
Postcode Neighbourhood
Trust
-
-
-
17,280
-
17,280
21,538
(19,112)
2,426
31,053
(12,932)
20,547		 Incoming
resources
Resources
expended
Balance at
1 April 2021
Incoming
resources
Resources
expended
Balance at
31 March
2022
£
£
£
£
£
£
Newcastle Building Society
Community grant
2,958
(2,634)
324
-
(297)
27
Global's Make Some Noise
grant
13,500
(13,500)
-
-
-
-
Tesco Bags of Help
500
(500)
-
-
-
-
Asda Feeding Communities
600
(498)
102
-
(102)
-
The Hospital Saturday
Fund
2,000
-
2,000
-
(2,000)
-
Lowes Financial
Management
1,980
(1,980)
-
-
-
-
The National Lottery
Community Fund
-
-
-
8,833
(6,033)
2,800
St James Wealth
Management
-
-
-
2,500
(2,500)
-
Hadrian Trust
-
-
-
2,000
(2,000)
-
Draeger Saftey UK
-
-
-
440
-
440
Postcode Neighbourhood
Trust
-
-
-
17,280
-
17,280
21,538
(19,112)
2,426
31,053
(12,932)
20,547		 Incoming
resources
Resources
expended
Balance at
1 April 2021
Incoming
resources
Resources
expended
Balance at
31 March
2022
£
£
£
£
£
£
Newcastle Building Society
Community grant
2,958
(2,634)
324
-
(297)
27
Global's Make Some Noise
grant
13,500
(13,500)
-
-
-
-
Tesco Bags of Help
500
(500)
-
-
-
-
Asda Feeding Communities
600
(498)
102
-
(102)
-
The Hospital Saturday
Fund
2,000
-
2,000
-
(2,000)
-
Lowes Financial
Management
1,980
(1,980)
-
-
-
-
The National Lottery
Community Fund
-
-
-
8,833
(6,033)
2,800
St James Wealth
Management
-
-
-
2,500
(2,500)
-
Hadrian Trust
-
-
-
2,000
(2,000)
-
Draeger Saftey UK
-
-
-
440
-
440
Postcode Neighbourhood
Trust
-
-
-
17,280
-
17,280
21,538
(19,112)
2,426
31,053
(12,932)
20,547
£
£		 £ £ £
2,958
(2,634)
13,500
(13,500)
500
(500)
600
(498)		 -
324 (297)
Global's Make Some Noise
grant
- - -
Tesco Bags of Help (500) - - -
Asda Feeding Communities (498) 102 -
-		 (102)
The Hospital Saturday
Fund
2,000 - 2,000 (2,000)
Lowes Financial
Management		 1,980
(1,980) - - -
The National Lottery
Community Fund		 8,833
2,500
2,000
- - - (6,033)
St James Wealth
Management
- - - (2,500)
Hadrian Trust - - - (2,000)
Draeger Saftey UK - - - 440 -
Postcode Neighbourhood
Trust
- - - 17,280 -
21,538
(19,112)		 31,053
(12,932)
2,426

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Resources
expended
Transfers
Balance at
31 March
2022
£
£
£
£
£
£
£
Developmental
projects
105,837
(46,429)
-
59,408
(7,764)
-
51,644
Property costs
7,035
-
-
7,035
(613)
-
6,422		 Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Resources
expended
Transfers
Balance at
31 March
2022
£
£
£
£
£
£
£
Developmental
projects
105,837
(46,429)
-
59,408
(7,764)
-
51,644
Property costs
7,035
-
-
7,035
(613)
-
6,422		 Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Resources
expended
Transfers
Balance at
31 March
2022
£
£
£
£
£
£
£
Developmental
projects
105,837
(46,429)
-
59,408
(7,764)
-
51,644
Property costs
7,035
-
-
7,035
(613)
-
6,422		 Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Resources
expended
Transfers
Balance at
31 March
2022
£
£
£
£
£
£
£
Developmental
projects
105,837
(46,429)
-
59,408
(7,764)
-
51,644
Property costs
7,035
-
-
7,035
(613)
-
6,422		 Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Resources
expended
Transfers
Balance at
31 March
2022
£
£
£
£
£
£
£
Developmental
projects
105,837
(46,429)
-
59,408
(7,764)
-
51,644
Property costs
7,035
-
-
7,035
(613)
-
6,422		 Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Resources
expended
Transfers
Balance at
31 March
2022
£
£
£
£
£
£
£
Developmental
projects
105,837
(46,429)
-
59,408
(7,764)
-
51,644
Property costs
7,035
-
-
7,035
(613)
-
6,422		 Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Resources
expended
Transfers
Balance at
31 March
2022
£
£
£
£
£
£
£
Developmental
projects
105,837
(46,429)
-
59,408
(7,764)
-
51,644
Property costs
7,035
-
-
7,035
(613)
-
6,422		 Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Resources
expended
Transfers
Balance at
31 March
2022
£
£
£
£
£
£
£
Developmental
projects
105,837
(46,429)
-
59,408
(7,764)
-
51,644
Property costs
7,035
-
-
7,035
(613)
-
6,422
£ £ £ £ £ £ £
105,837 59,408
7,035
(46,429) - (7,764) - 51,644
Property costs 7,035 - - (613) - 6,422
Web and digital 25,000
8,514
146,386		 (6,156) (16,795) 2,049 - - 2,049
Nearly new sales (7,313) - 1,201
69,693		 (9,699) 8,498 -
(59,898) (16,795) (18,076) 8,498 60,115

Developmental projects - The fund has been set up to provide family focused support through new, proactive developmental work that takes its lead from the experience of parents which have spent time on SCBU.

Property costs - The fund relates to costs set aside for property maintenance.

Web and digital - This fund relates to costs set aside for the development of a new website.

Nearly new sales - This fund has been set up to fund the incorporation of the nearly new sales into the charity's operation for a 12 month period including the recruitment of a part-time staff member for a fixed term. During the year the charity transferred £8,498 from unrestricted funds to this designated fund to cover salary costs.

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

18 Analysis of net assets between funds

Current financial year

Current financial year Current financial year Current financial year Current financial year
Unrestricted
funds
Designated
funds
Restricted
funds
2022
2022
2022
£
£
£
Fund balances at 31 March 2022 are represented by:		 Total
2022
£
6,301
698,745
2022 2022 2022
£ £ £
Tangible assets 6,301 - -
Current assets/(liabilities) 618,083 60,115 20,547
Provisions
(30,585)
-
-
(30,585)
593,799
60,115
20,547
674,461
Prior financial year
Unrestricted
funds
Designated
funds
Restricted
funds
Total
2021
2021
2021
2021
£
£
£
£
Fund balances at 31 March 2022 are represented by:
Tangible assets
2,215
-
-
2,215
Current assets/(liabilities)
666,915
69,693
2,426
739,034
Provisions
(105,825)
-
-
(105,825)
563,305
69,693
2,426
635,424		 (30,585) - - (30,585)
674,461
Total
2021
£
2,215
739,034
593,799 60,115 20,547
2021 2021
£ £
- -
69,693 2,426
- -
(105,825)
2,426
635,424
635,424
563,305 69,693 2,426

THE TINY LIVES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

19 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2022 2021
£ £
12,360 12,360
6,150 18,450
18,510 30,810

20 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

21 Cash generated from operations

2022
2021
£
£
Surplus/(deficit) for the year
39,037
(79,604)
Adjustments for:
Investment income recognised in statement of financial activities
(666)
(1,874)
Depreciation and impairment of tangible fixed assets
2,394
4,128
Movements in working capital:
(Increase)/decrease in debtors
(12,659)
16,058
(Decrease)/increase in creditors
(36,486)
37,502
(Decrease) in provisions
(75,240)
(63,867)
Cash absorbed by operations
(83,620)
(87,657)		 2022
2021
£
£
Surplus/(deficit) for the year
39,037
(79,604)
Adjustments for:
Investment income recognised in statement of financial activities
(666)
(1,874)
Depreciation and impairment of tangible fixed assets
2,394
4,128
Movements in working capital:
(Increase)/decrease in debtors
(12,659)
16,058
(Decrease)/increase in creditors
(36,486)
37,502
(Decrease) in provisions
(75,240)
(63,867)
Cash absorbed by operations
(83,620)
(87,657)		 2022
2021
£
£
Surplus/(deficit) for the year
39,037
(79,604)
Adjustments for:
Investment income recognised in statement of financial activities
(666)
(1,874)
Depreciation and impairment of tangible fixed assets
2,394
4,128
Movements in working capital:
(Increase)/decrease in debtors
(12,659)
16,058
(Decrease)/increase in creditors
(36,486)
37,502
(Decrease) in provisions
(75,240)
(63,867)
Cash absorbed by operations
(83,620)
(87,657)
22
Analysis of changes in net funds

The charity had no debt during the year.