Charity registration number 1150178 (England and Wales) Company registration number 08169471 THE TINY LIVES TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE TINY LIVES TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees ADT Dunsmure (Chairl R Hearn J Carangelo-Hutchins JA Carrulhers-Jones JH Dixon DCHall S Soulham A Hodgson R Turnbull S Zalewski K Chadderton (Appointed 9 May 20251 (Appointed g May 20251 (Appointed 9 May 20251 Chief executive Kelly Blakeney Charity number 1150178 Company number 08169471 Registered office 19 Amethyst Road Newcastle Business Park Newcastle upon Tyne United Kingdom NE4 7YL Auditor Robson Laidler Accountants Limited Fefnwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear England NE2 1TJ Bankers HSBC 110 Grey Street Newcastle upon Tyne NE16JG
THE TINY LIVES TRUST CONTENTS Page Trustees, report Independent auditovs report 12-14 Statement of financial activities 15-16 Balance sheet 17 statement of cash flows 18 Notes to the financial statements 19-30
THE TINY LIVES TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees (who are also directors of the charity for the purposes of company18wI present their annual report and financial statements for the year ended 31 March 2025. The financial statement5 have been prepared in accordance with the accounting policies sel out in note 1 to the financial slalements and comply with the charity's governing documenl, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 20191. Objectives and activities 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 Setvice al the Royal Victoria Infirmary, Newcastle upon Tyne, by.. il the provision of financial or other support for families li} the purchase of equipment iii) the improvement of amenities, facilities, and services iv) such other charitable means as the Trustees determine vl promoting and advancing research that relates lo babies and families under the care of the Newcastle Neonatal Setvice and to publish the useful results of such research Our Vision: We wanl all premature and sick newbom babies and their families living in the North East and North Cumbria lo have the best possible chance to thrive. Our Mission: We support and champion premature and sick newborn babies and their familie5, at the Newcastle Neonatal Service and across the North East and North Cumbria. Our Guiding Values: Our work is underpinned by the following core values". Families al the heart of everything we do Care, support and empower Listen, engage and respond Progressive, inclusive and future-focused Achievements and performance Hightlights In October 2024, we were delighted lo launch our new S-year strategy, after months of collaboration and consullalion with families, Supporters, staff and board members. The new strategy sets oul three key impact goals for the coming five years, including a focus on supporting babies and families to floL¢rish during the first 1001 days and beyond, ensuring babies and families with expeTience of neonatal care are understood and supported by those providing se¥vices, and championing neonatal care as a key driver of positive health and social outcomes in the North East and North Cumbiia. Our achievements are explored in greater depth in our Year in Revi8w report included here.
THE TINY LIVES TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 f 2024- 2025 es Year in Review Families at the heart of everything we do The pasl 12 months ha5 been a busy and exciting lime at Tiny Lives as we launched our plans foy the next five years. Families, fundraisers, clinicians and other professionals. staff and trustees. and community stakeholders from across the North East and North Cumbria helped us to shape QLll&sL[dtr9y. At Tiny Lives, our vision remains clear: We want every premature and Sick newborn baby and their family in the North East and North Cumbria to have the best possible chance to thrive. Over the next live years, our activities and resources will be focused on delivering three strategic priorities.. I We will continue to support premature and sick newborn babies and Iheir families. We will do this by deepening our work and connection with the Newcastle Neonatal Service. 2. We will reach more families living in the North East and North Cumbria. We will do more to engage lamilies who are currently under- represented wilhin our services. 3. We will champion the needs of premature and sick newborn babies and their families. We will promote better outcomes across policy and practice. As we reflect on the past yeaf's impact and the difference our work has made lo neonatal babies and families. we a150 look forward with determination and purpose. Thank you to everyone who has played a part in this journey. Your generosity. time, and passion are the heart ol Tiny Lives-and we are so gratelul to have you as part of our family. Kelly 8lékeiiey. Chief Exec ulive Our values Care. support & empower | Listen. engage & respond I Progressive. inclusive and future-focused
THE TINY LIVES TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 l. Supporting babies and their families at the Newcastle Neonatal Service 1,200 pairs of Miniboo bonding aids for families "The biggest thing for me was the miniboo we had to make sure we felt close to Indi, and that she felt close to us" £10,921 funding provided for new inLubator covers at Newcastle's RVI 40 321 Families supported by Tiny Lives funded Family Support Social workers 276 siblings packs provided l+ 30/), helping new brothers and sisters understand and cope with a neonatal stay
THE TINY LIVES TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 4,946 photos and videos supporting 386 families helping parents stay connected and reassured, even from distance I still have all of the photos and videos the nurses sent us on vcreate when she was in the NICU. It made leaving her on a night time just a little bit easier and provided reassurance she was ok. Such a brilliant idea- *'1, We want all premature and sick newborn babies and their families living in the North East and North Cumbria to have the best possible chance to thrive. 348 -Tiny Lives supported me when on the unit and providing me with a parking pass so I parking permits was able to see my little girl everyday.- 73 Families provided with additional travel support to be with their baby/ies
THE TINY LIVES TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ikncaleTh' k213 counselling sessions funded for families -The service was absolutely brilliant I can't think of ways it could be improved. Being able to talk and reflect specifically with a person who understood issues related to loss and grief for a mother of a preterm baby . "I've nèvèr known a charity like Tiny Lives, all the support is incredible." We have developed expertise. shared knowledge and best practice, supporting professional development through: Improving practice in congenital heart disease Design 4 Health Conference UK National Neonatal Transport Group Conference UNICEF BFI annual Conference Neonatal Nutrition Study Day es 177 families supported through our Peer Support activities, both on unit and once home
THE TINY LIVES TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2. Reaching and supporting more babies and families 40/ increase in families benefiting from our Meet, Chat, Learn classes "Tiny Lives certainly made this scary process a lot easier" Extended our support to 237 families on Transitional Care by providing Parent Bags Developed new ways to support bereaved families with Heartbeat Bears These special bears contain a recording of their baby s heartbeat, providing comfort and a sense of connection for families.
THE TINY LIVES TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 3. Championing the needs of babies and their families In April 2025 The Neonatal Care (Leave and Pay) Act came into force. Tiny Lives are proud to have played a part in bringing this bill into effect. This long awaited bill provides additional support to parents facing the challenges of having a baby in neonatal care. ensuring they don't have to choose between work and being there for their child during child during critical early days. "We are committed to championing the needs ofpremature and sick newborn babies and their families. We will promote better outcomes across policy and practice." Kdty 8l•k•rny. ClfEx•cuth In February 2024, Tiny Lives was proud to be quoted in evidence to the House of Lords Preterm Birth Committee.. Shaping the Future of Neonatal Care. h. Our work in collaboration with the Institute of Health Visiting was highlighted. This partnership focuses on educating Health Visitors about the unique needs of neonatal families. ensuring they receive appropriate care and support beyond discharge.
THE TINY LIVES TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In 2024125, Tiny Lives continued to deliver and grow our support for neonatal families, both during their time on the unit and once they return home. Our activities this year directly supported over 850 families on the neonatal unil at the RVI, and more than 230 families through our fast-growing post-discharge services ensuring care is conlinuous, responsive, and cenlred around family needs. On the Unit: Comfort, Connection and Care We continued to fund vital roles and services that go beyond NHS provision, including". A clinical psychologist. providing emotional support for families on the unil and post-discharge. A neonatal physiotherapist and specialist family support social workers, offering practical and therapeutic help. Parent and sibling packs, developmental care aids. and other essentia15 that make a difficult experience more manageable. We also invested in the neonatal environment and developmental care, including". 40 phototherapy incubator covers to reduce stress and improve neurodevelopmenlal outcomes for extremely premature babie5. A refreshed unit environment, including inclusive family imagery, lo reinforce bonding, dignity and representation. Beyond the Unit: Expanding Support Closer to Home We made significant progress in growing our pos14ischarge offer.. Attendance al our 'Meet. Chat. Learn, programme rose by 40DA, and we expanded it into more local areas to reach tamilies where they live. Peer support group attendance increased by 34°/o, reflecting greater demand for connection and shared experience. Our ¢oun5elling service supported more families than ever, with a 70/0 increase in sessions delivered. We also launched new groups and experien$, including messy play, swimming lessons, and other classes designed lo build confidence. strengthen bonds. and support development. Mental Health. Loss and Bereavement: Responding with Compassion Recognising the emotional trauma that can accompany neonatal care. in addition to our counselling and clinical psychology seNices, we piloted. The 'Health Anxiety Handbook., developed with the clinical psychology service. to help parents manage anxiety posl-NlCU. Heartbeat Bears for bereaved families, preserving the sound of a baby's heartbeat a5 a lasting source of comfort. Workforce and Learning To support those caring for babies and families-. We funded staff to allend the UK National Neonatal Transport Group Conference, bringing national leaning back into local practi. We supported neonatal professionals to access specialist training in congenital heart disease, building local capacity to care for complex cases. This year's achievements reflect a deeper alignment with our new 2024-2029 strategy, especially focusing on.. Helping babies and families flourish during the first 1001 days.. Ensuring families feel understood and supported throughout theirjourney., Championing neonatal care as a driver of health and social equity across the North East and North Cumbria. Thanks to a strong year of fundraising including two exceptional one-off donations invest further in our strategy and reach even more families in the years ahead. we are well postti'oned to The Board would also like to pass their thanks and appreciation to all Trusts and Foundations who have provided support to Tiny Lives this year, further details of which can be found in more detail in the notes to the accounts.
THE TINY LIVES TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review Tiny Lives does not receive any government funding and fundraising continues to be the principal source of the charity's income. Financial Position Full details of our financial position can be found in the accompanying financial statements attached lo this report. The statement of financial activities shows total incoming resources of £853,052. Designated funds have been utilised ringfence funds for funded staff posts which the charity has committed to. These are detailed in note 18 to the accounts. Reserves policy In line with Charity Commission guidelines, the trustees have a reserves policy to ensure the long-lerm sustainability of the charity. This policy stipulates that the charity will maintain unrestricted resee$ equivalent to at least six months operating costs. The reserves, designated fvnds and contracted commitments are reviewed annually in conjunction with the budgeting process and adjustments are made a5 needed lo reflect changes in the charity's aclivilies, funding environment and risk profile. The trustees believe that maintaining adequate reserves, designated funds and provision5 for contractual obligations is essential lo safeguard the charity's ability to operate effectively and lo provide continuity of services to our beneficiaries. Plans for future periods In 202512026, Tiny Lives will continue to grow and expand our activities in line with the 2024 - 2029 strategy. Tiny Lives heartland is in the North East, supporting families from across the North East and north Cumbria. We will continue to work closely with the RVI funding our core services and enabling new activities which support the principles of family integrated care. We will continue lo explore opportunities 10 strengthen support for farnilies across the family health pathway, including foetal medicine and transitional care. We aim lo expand our support for neonatal families in areas within the Northern Neonatal Nehvork and establish opportunities to work in collaboration with others lo provide appropriate support where it is less readily available. We have recognised the need to prioritise support for neonatal families who do not speak English as a first language. and those who have no recourse to public funds. We will invest in staff training. systems and processes to improve access to our support for families and neonatal staff who engage with the charity, as well as internally. structure, governance and management The charity is registered as a charitable company limited by guarantee and was incooorated under ils 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 ofAssocialion 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 the signalure of Ihe financial statements were".
THE TINY LIVES TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are also the directors for the purpose of company law. and who served during the year and up lo the date of signature of the financial statements were.. ADT Dunsmure (Chairl R Hearn J Carangelo-Hutchins JA Carruther5-Jones JH Dixon DCHall S Southam A Hodgson R Tumbull S Zalewski K Chadderton GD Mccourt (Appointed 9 May 20251 (Appointed 9 May 20251 (Appointed g May 20251 (Resigned 12 February 2025) Trustees are appointed lo maintain a balance of six clinical and six non-clinical trustees, from a variety of backgrounds. Appoinlments are made following an agreed Pro55 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 lo 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 ofAssociation. Effective day to day management is delegated to the Chief Execukn've. Quarterfy board meetings are held to discuss strategy and performance, and lo consider funding decisions. Risk Management The Board receive an update on risk al each meeb-ng and review the risk register in detail annually, unless events dictate a more immediate detailed review. The Trustees have assessed the major risks lo which the charity is exposed, in particular the financial and operational risks, and are sat15fied thal systems and procedures are in place to mitigate our exposure to major risks. staff reviews Staff salaries are reviewed annually. Salaries for new posts are benchmarked against similar local charities. Pay policy for senior staff No Irustee received nuMeratIon for their contribution lo Tiny Lives during 202412025. The salary of the Chief Executive is reviewed annually in line with the rest of Ihe staff team. Related parties and Cothoperation with other organisations Any connection between a trustee or senior manager of the charity with a supplier must be disclosed lo the full board of ttustees in the same way as any other contractual relationship with a related party. In the current year, no such related paty transactions were reported. io-
THE TINY LIVES TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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 Praclicel. Company law requires the trustees lo 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 lo.. 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 whether applicable UK Accounting Standards have been followed, subject lo 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 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 lo 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 WTth the company's articles, a resolution proposing that Robson Laidler Accountants Limited be reappointed as auditor of the company will be put al a General Meeting. Disclosure of information to auditor Each of the truslees has confirmed thal 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 lo identify such relevant infomiation and to establish that the auditor is aware of such informatson_ The TTustees' report was ap ved by the Board of Trustees. unsmure (Chairl Trustee Date: 202 11
THE TINY LIVES TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE TINY LIVES TRUST Opinion We have audited the financial statements of The Tiny Lives Trust (the 'charTty'I for the year ended 31 March 2025 which comprise the statemenl of financial aclivilies. the balance sheet, the statement of cash tlows and notes lo the financial statements, including 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 stalernents.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance wth United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We corlducled oui audit in accordance with International Standards on Audiling IUKI IISAS IUKII 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 relevanl to our audit of the financial slaternents in Ihe UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with Ihese requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Tru5tees' use of the going concem 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 aulhorised for issue. Our responsibilities and the responsibilities of the trustees wrth respect to going concern are descr¥bed in the relevant sectsons of this report. other infonnation The other infom)alion comprises the information included in the annual report other than the financial statements and our audilols report thereon. The trustees are responsible for the other infonrtalion contained within the annual report. Our opinion on the financial statements does not cover the other information and. except to the extent otheDNise explicitly staled in our report, we do not express any fomi 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 olhernise appear5 lo be materially misslated. If we identity 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 informatr.on given in the Trustees, report for the ffinancial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law, 15 consistent wrth the financial statements- and the direct015' report included within the Trustees, report has been prepared in accordance with applicable legal requirements. 12-
THE TINY LIVES TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS 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. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial statemen15 are not in agreement with the accounting records and returns., or certain disclosures of Iruslees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit", or the trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of Trustees, responsibilities, the tru51ees, 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 concem 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 altemalive bul to do so. AuditoVs 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 {UKI will alway5 detecl a malerial misslalement when il exists. Misslalements can arise from fraud 01 error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic dectsions 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. The risk of material misstatement due to error or fraud has been assessed in conjunction with how intemal controls may mitigate any such risk. These controls are reviewed as part of the audit by performing systenis walkthroughs to ensure they are operating effectively. Analytical review and substantive testing 15 also performed on all material balan5 and therefore any instances of non-compliance should be identified or considered as insignrficant. In identifying and assessing risks of material misstatement in respect of irregularities. including fraud, the audit engagefflent team. obtained an understsnding of the nature of the industry and sector, including the legal and regulatory framework, in which the charity operates and how the charity complies with that legal and regulatory framework inquired wrth management and those charged with governance about their own identification and assessment of the risks of irregularities, including any know actLtal, suspected or alleged instances of fraud discussed with management and those charged with governan any non-compliance with laws and regulations and how fraud might occur including assessments ol how and where the financial statements may be susceptible to fraud The risk of management override of controls was also considered an area of potential misstatement due to fraud. Audit procedures perfom7ed included lesling of manual joumal entries and other adjustments and evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business. 13-
THE TINY LIVES TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE TINY LIVES TRUST There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit. there remained a risk of non-delection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of intemal controls. A further description of our responsibilities is available on the Financial Reporting Council's website at.. hltps'.11 www frc org.uklauditorsresponsibilities. This description forms part of our auditovs report. Use of our report This report is made solely to the charttable 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 lo them in an auditor'5 report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our aud51 work, for this report. or for the opinions we have formed. Nicholas Cunningham Msc Bsc ACCA (Senior Statutory Auditor) For and on behalf of Rob50n LaidlerAccountants Limited, Statutory Auditor Fernwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear NE2 1TJ England Oate. ..4.- 8 . £oLs" 14-
THE TINY LIVES TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financial year Unrestricted Restricted funds funds 2025 2025 Tota5 Total 2025 2024 Notes Income and endowments from: Donations and legacies Other trading activities Investments Other income 696,396 56,181 22,487 77,988 774,384 56,181 22.487 548.500 99,811 11,773 370 Total income 775.064 77,988 853,052 660,454 enditure on: Raising funds 147,806 147,806 126,701 Charitable activities 584,038 63,633 647,671 580,668 Total expenditure 731,844 63,633 795,477 707,369 Net incomel{expenditure) for the yearl Net movement in funds 43.220 14,355 57,575 (46,915) Fund balances at 1 April 2024 677,781 12,449 690,230 737.145 Fund balances at 31 March 2025 721,001 26,804 747,805 690,230 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 CompaniesAct 2006. 15-
THE TINY LIVES TRUST STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financial year Unrestricted Restricted funds funds 2024 2024 Total 2024 Notes Income and endowments from: Donations and legacies Other trading activities Investments other income 513,173 99,811 11,773 370 35,327 548,500 99,811 11,773 370 Total income 625,127 35,327 660,454 enditure on- Raising funds 126,701 126,701 Charitable activities 529,490 51,178 580,668 Total expenditure 656,191 51.178 707,369 Net incomellexpenditurel for the yearl Net movement in funds (31,0641 (15.8511 {46.9151 Fund balances at 1 April 2023 708,845 28.300 737.145 Fund balances at 31 March 2024 677,781 12,449 690,230 16-
THE TINY LIVES TRUST BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 13 3,096 5,799 Current assets Debtors Cash al bank and in hand 14 77,671 732,572 106,939 686,060 810,243 792,999 Creditors: amounts falling due within one year 15 151,2631 {104,412) Net current assets 758,980 688,587 Total assets less current liabilities 762,076 694,386 Provision for other liabilities 16 114,2711 14.1561 Net assets 747.805 690,230 The funds ofthe Charity Restricted income funds Unrestricted funds 17 18 26.804 721,001 12,449 677,781 747.805 690,230 The financial statements were approved by the trustees on . .102 ) Company registration number 08169471 (England and Wales) 17
THE TINY LIVES TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated fromllabsorbed by) operations 22 25,371 (85,0431 Investing activities Purchase of tangible fixed assets Investment income received <1,3461 22,487 {5,2071 11,773 Net cash generated from investing activities 21,141 6,566 Net cash generated from financing activities Net increaselldecrease) in cash and cash equivalents 46,512 {78,4771 Cash and cash equivalents at beginning of year 686,060 764,537 Cash and cash equivalents at end of year 732,572 686,060 18-
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Charity infomiation The Tiny Lives Trust Is a private company limited by guarantee incorporated in England and Wales. The registered office is 19 Amelhysl Road, Newcaslle Business Park, Newcastle upon Tyne, NE4 7YL. United Kingdom. 1.1 Accounting convention The financial slalemenls have been prepared in accordance with the charity's governing document, the Cornpanies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102.1 and the Charities SORP "Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The charity is a Public Benefit Enlily 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 convenkn'on. 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 Ihat the charity has adequate resources lo 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 objeclives. Re511icted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial statements. Endowment funds are subject to specific condilions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity 15 legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Cash donation5 are recogni5ed 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 Gitt Aid or deeds of covenant is recognised at the lime of the donation. 19-
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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 Irealed as a contingent asset. Income from trading activities include income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and SeiceS in order to raise funds and is recognised when entitlement has occurred. No amount is included In the financi81 statements for volunteer time in line with the SORP IFRS 102). Further detail is given in the Trustees, Report. Investment income relates lo interest earned through holding assels on dep051t. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to Iransfer 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 aclivily. 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 conlribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consislenl 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 nol directly represent charitable activities and include office Costs, govemance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and included project management carried out al Headquarters. Where support costs cannot be directly attributed to particular heading5 the 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 an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is legal or conslruclive obligation lo make payments to third parties. il 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 incued. 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 C051 and subsequenlly measured at cost or valuation, net of depreciab'on and any impairment losses. Depreciats'on 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.
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Contlnued) 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of ils tangible assets lo determine whether there is any indication that those assets have suffered an impairment Ios5. If any such indication exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impairment loss (if any) 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with bank5, 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 Employee benefits The c05t of any unused holiday ents'tlement 15 recogni5ed in the penod 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 temiination benefits_ 1.10 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 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 a55ets 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 eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accoL¢nling estimates are recognised in the period in which the estimate 15 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. 21
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donations and legacies Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Total 2025 2025 2025 2024 2024 2024 Donations and gift5 Legacies receivable Grants 443,994 98,568 153,834 26,088 470,082 98.568 205,734 362,981 35,327 398,308 51,900 150,792 150,192 696,396 77,988 774,384 513,173 35,327 548,500 Grants receivable for core activitie5 Community Foundation Oavid & Ruth Lewis Family Charitable Trust Postcode Neighbourhood Trust other 153,834 153,834 146,335 146,335 20,000 20,000 25.000 6.900 25.000 6,900 3,857 3.857 153,834 51,900 205,734 150,192 150.192 Income from other trading activities Unrestricted Unrestricted funds funds 2025 2024 Fundraising events Other trading activity income 54,165 2,016 97.601 2,210 Other trading activities 56,181 99,811 -22-
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Raising funds Unrestricted UnTe3tri¢ted funds funds 2025 2024 Fundraisin and ublicil Other fundraising costs Staff costs 58,977 88,829 58,281 68,420 Fundraising and publicity 147,806 126,701 147,806 126,701 Expenditure on charitable activities Charitable activities 2025 Charitable activities 2024 Direct Costs Staff cosls Depreciation and impairment Premises costs Oftice costs Professional cosls Other costs Direct project costs - on ward Direct project costs - post discharge 148,509 4,050 21,167 4.416 853 334 24,519 50,694 144,836 3,549 20,261 4,467 999 601 10,315 36,370 254,542 221,398 Grant funding of activities Isee note 71 279,741 260,199 Share of support and governance costs (see note 8) Support Govemance 89,466 23.922 81,484 17,587 647.671 580,668 Analysis by fund Unrestricted funds Restricted funds 584.038 63,633 529,490 51,178 647,671 580.668 -23-
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants payable 2025 2024 Grants to instilulions-. To fund a social worker for the Ward." Newcastle City Council To fund a physiotherapist for the Ward. NHS Foundation Trust To fund a psychological support for the Ward. NHS Foundation Trust To fund research for the Ward.. NHS Foundation Trust To fund training lor the Ward.. NHS Foundation Trust To fund equipment for the ward '. Other To fund services for the Ward To fund planning for redecoration for the Ward To fund a course for parents.. Northumbria university Less grants no longer required 66,362 65,481 56,624 63,543 15,648 34,551 4,575 15,000 33,882 28,642 51,672 2,808 (11,6261 2,315 44,743 31,671 13,6301 263,566 238.695 Grants to individuals 16.175 21,504 279,741 260,199 Support costs allocated to activities 2025 2024 Staff costs Premises costs Office costs Govefflance costs 61.427 5.702 22,337 23,922 44.108 5,686 31,690 17.587 113,388 99,071 Analysed between: Charitable activitie5 113.388 99,071 202S 2024 Governance costs comprise: Audit fees Legal and profe55ional Trustee costs 4.710 18.882 330 4.560 12,841 186 23.922 17.587 -24-
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement In funds 2025 2024 The net movement in funds is slated after chargingl(creditingl= Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 4,710 4.050 4,560 3,549 10 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year 11 Employees The average monthly number of employees dunng the year was.. 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries Social securily costs other pension costs 264.519 19,004 15,242 229,318 15,333 12,713 298,765 257,364 The key management personnel of the charity comprise the trustees, and the Chief Executive. The total employee benefits of the key management personnel of the charity were £75.766 {2024 - £72,099). The number of employees whose annual remuneralion was more than £60,000 is as follows.. 2025 Number 2024 Number £60.001 to £70,000 12 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. -25-
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible fixed assets FixtLEres. fittings & computer equipment Cost Al 1 April 2024 Additions Disposals 24,071 1,346 112,3841 At 31 March 2025 13,033 Depreciation and impairment At 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals 18,272 4,050 {12,3851 At 31 March 2025 9,937 Carying amount At 31 March 2025 3,096 At 31 March 2024 5,799 14 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 8,399 11,064 2,987 92,888 69,272 77,671 106,939 15 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other creditors Accruals and deferred income 6.814 6,837 37,612 57,643 5,564 41,205 51.263 104,412 -26-
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Provisions for liabilities 2025 2024 Funding commitrnenls 14,271 4,156 Movements on provisions: Funding commitments At 1 April 2024 Additional piovisions in the year utilisation of provision 4,156 14,271 14.1561 At 31 March 2025 14.271 17 Restricted funds The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject to Specific conditions by donors as to how they may be used. Movement in funds Incoming Resources 8alancÈ at resources expended 31 March 2025 Balance at 1 April 2024 Postcode Community Trust - Millionaire Street Grant Funds The Hospital Saturday Fund The Schuh Trust W.A Handley Charity Trust David & Ruth Lewi5 Family Charitable Trust Sally Waters Fund Travelling Spoon Lowes Financial Management Ltd iarnproperty Group 2025 iamproperty Group 2024 iamproperty Group 2023 Co-op Local Community Fund 2023124 Gardner fijnd rt2 Ltd 23124 2 Ltd 24125 25.000 2,000 2.400 2,500 20,000 1,469 18 {11,1961 13,804 2,000 1,200 11,2001 12,5001 120.000) {9131 (181 11,9121 556 1,912 114 8,287 114 18,2871 13,4751 11,9271 14481 14,0351 (7,722) 3,475 1.927 1,100 4,035 1.200 1.852 15,000 7,278 12,449 77,988 163.6331 26,804 -27-
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds {Continued} Tiny Lives were delighted to a receive a grant from the Postcode Community Trust - Millionaire Street Grant, which is funded entirely by the players of the Poslcode Lottery. Funds from this were directed lo our Meet, Chat, Leam programme, our parent- baby development sessions. The H05Pltal Saturday Fund awarded a grant towards the cost of the vcreale License. This web-based platform enables nurses lo record and send video updates of newborns lo parents, allowing them to access these clips anytime, from any inlernet-connecled device. This continuous video diary documents the baby's progress and helps parents lake a more active, participatory role in their child's care. The Schuh Trust kindly awarded funds so that we could provide Water Confidence Sessions to our neonatal families. W A Handley Charity Trust granted funds which Tiny Lives directed towards our counselling service for families. The David & Ruth Lewis fund made a grant donation to the 'Fir5t Days, sUPPOrt package which babies and families receive when they are first admitted to the neonatal unit. The package provides practical, emotional and financial support. and includes a pair of miniboos. an initial support meeting with the finy Lives Family Support Worker, access to the Hardship Fund for those most in need, a Parking Pemit, a Parent Admission Pack. and a Sibling Pack for those neonatal babies with a brother or 51Ster. These items and activities enables family bonding, reduces trauma and improves emotional wellbeing. Sally Waters made an in-memory donation that Tiny Lives have directed towards our Books for Babies initiative. Travelling Spoon, a small local business, raised funds towards parent hardship travel. A donation was received in 23124 from Lowes Financial Management Ltd to fund parent packs. Parents receive a pack upon admission to the Unit. Each family receives one pack, which is full of useful bits and pieces to help make the initial transition to the Neonatal Unit a little easier. In both 2023 and 2024 the iam property group selected Tiny Lives as their Charity of the Year. The funds raised in the 2023 partnership was restricted lo providing 7hrs additional social work support on the Neonatal Unit. In 2024 their fundraising was to support the baby development project which directed funds towards the provision of equipment and a specialist staff post lo support the healthy development of babies who spent lime on the Neonatal Unit at Newcastle Ljpon Tyne's, Royal Victona Infirmary. We are delighted to say that they have pledged to continue their support throughout 2025 with their funds raised are being restricted to the bereavement work Tiny Lives conducts. A grant was awarded by the Co-op Local Community Fund in both 22123 and 23124 to fund our Peer Support activities both on and off the neonatal unit. Tiny Lives continues to receive regular donations from the Gardner fund, these funds contribute to the expressing room and breastfeeding initiatives on the ward. For the third consecutive year TT2 Ltd contributed funds to the Tiny Lives Transport Scheme, helping to ensure parents can spend time with their poorly baby. -28-
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balanS of donation5 and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the truslees for specific purposes. Movement in funds Resources expended Balance at 1 April 2024 Resources expènded Transfers Balance al 31 March 2025 General unrestricted funds staff posts Property costs 551,948 123,013 2,820 775,064 1638,2661 {203,450} 193,0701 203,450 (5081 485,296 233,393 2,312 677,781 775,064 1731,8441 721,001 Staff p05t5- The staff posts designated fund represents our committed expenditure to posts for families on the ward. Property costs - The fund relates to costs set aside for property maintenan. 19 Analysis of net assets between funds U nrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsllliabilities) Provisions 3,096 732,176 (14,2711 3,096 758,980 (14,2711 26,804 721,001 26,804 747,805 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilitiesl Piovisions 5,799 676.138 {4.1561 5,799 688.587 14.1561 12,449 677,781 12,449 690.230 -29-
THE TINY LIVES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Operating lease commitments Lessee At the reporting end date the charily had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2025 2024 Within one year Beeen two and five years 12,300 30,750 12,300 43,050 43,050 55,350 21 Related party transactions There were no disclosable related party transactions during the year12024 none). 22 Cash generated froml(absorbed by) operations 2025 2024 Surpluslldeficitl for the year 57,575 146,9151 Adjustments for: Investment income recognised in stalement of financial activities Depreciation and impairment of tangible fixed assets 122,4871 4,050 111,7731 3,549 Movements in working capital: Decreasellincreasel in debtors (Decreasellincrease in creditors (Decreasellincrease in provisions 29,267 153,1491 10,115 146,6551 34,616 117,8651 Cash generated froml(absorbed by) operations 25,371 185,0431 23 Analysis of ¢hanges in net funds The charity had no material debt during the year. -30-