Company registered number: 08329124 Charity reglstered number.. 1151022 TOWARDS TOMORROW TOGETHER TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Towards Tomorrow Together Trustees Report and Unaudited Financial Statements For The Year Ended 31 December 2024 Contents Page Charity Information Trustees, Report Independent Examlner's Report Statement of Financial Activltles Balance Sheet Notes to the Financlal Statements 7-10
Towards Tomorrow Together Charlty Information For The Year Ended 31 December 2024 Trustees Cathy Chlplen Laura Bratley Deborah Gill Joy Elizabeth Horner Company Number Charlty Number Registered Office 08329124 1151022 3 Marco Polo House Cook Way Taunton Somerset TA2 6BJ Independent Examlner Gavin Brown FCCA Brunel Charted Certifled Accountants 3 Marco Polo House Cook Way Taunton Somerset TA2 6BJ Page I
Towards Tomorrow Together Company No. 08329124 Trustees, Report For The Year Ended 31 December 2024 The trustees, who are also directors for the purposes of the Companies Act 2006, present their annual report with the flnanclal statements of the charity for the year ended 31 December 2024. The trustees have adopted the provlsions of Accounting and Reporting by Charlties: Statement of Recommended Practice applicable to charities preparlng their accounts In accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve l January 2019). CHARITABLE OBJECTS For the publlc beneflt to preseNe and protect the health of and relieve physical or emotional dlstress amongst parents and families affetted by the death of a baby, through pregnancy loss, stlllbirth, neonatal death or a5 an Infant by offering care and support through the process of grleving in particular, but not exclusively by.. provdIng or assisting In the provision of support services to such persons, Raising awareness about the needs of such persons amongst the public generally and health care professionals In particular, Providing or assistlng in the provision of tralning for health care and other professlonals who work wlth such parents and families so as to enable those health care professionals to better meet their needs. AcfIvIThES, ACHIEVEMENTS AND PERFORMANCE Thls year has been one of growth, compassion, and meaningful Impart for Towards Tomorrow Together. Our mission to walk alongside families experiencing the heartbreak of baby loss has remained at the centre of everything we do. We have contlnued to provide hollstic, trauma-informed support that addresses both the emotional and practical needs of grieving families. From one-to-one listening and therapy sessions to group gatherings that bUId connection and community, our services have offered a safe space for families to share, reflett, and begin to heal. Parents often arrlve feeling overwhelmed and broken, but through consistent, tallored support we witness a gradual shlft-toward5 hope, strength, and the rebullding of thelr lives. Our service offering has developed in thls year to one where we can offer families more tlme with us, and a more varied pathway of treatments. The resources we provlde to hospitals and directly to famllies have also played a vital role in ensuring that parents feel acknowledged and supported from the very beginning of their Journey. In particular, the hospltal demand has Increased for our Butterfly Bags whlch assist and bring comfort to women through an early pregnancy loss. Our support of the campaign Baby Loss Awareness Week in October was particularly successful this year. In addition to our normal activities, Towards Tomorrow Together joined midwives fmm Musgrove Park Hospital for a remembrance seNlce in Taunton. and our collaborations wlth local landmarks and buildings saw record numbers of iconic places in Somerset and the surrounding areas lit up pink and blue. Feedback from families has been deeply moving. Parents have told u5 that our work has glven them the confidence to talk openly about their experiences, reminded them that they are not alone, and helped them create moments of joy even In the midst of grlef. Many have sald that wlthout our support, they don't know how they would have coped. This impact Is only possible thanks to the Incredlble dedlcation of our stsff, volunteers, and the generosity of our supporters, partners, and funders. Their contributions allow us to reach more families each year and strengthen our vision of ensuring no one has to walk through baby loss unsUPPOrted. As we look ahead, we remaln commltted to deepenlng our Impact, expandlng our reach, and continulng to provide Ilfe-changing SUPPOrt for families when they need it most. FINANCIAL REVIEW The charity held reserves of £17,039 as at 31 December 2024, of whlch £3,996 was held for specific restricted purposes and £13,043 was held in general reserve5. The charity's funds are held in bank deposit and are available for immediate use In furtherance of the charity's objects. The charity alms to hold unrestrltted general reserves In line wlth 12 months unrestricted expenditure. Page 2
Towards Tomorrow Together Company No. 08329124 Trustees, Report For The Year Ended 31 December 2022 {contlnued) STRUCTURE, GOVERNANCE AND MANAGEMENT Constltutlon The charity is constituted as a company limited by guarantee wlthout share oipltal and is governed by memorandum and artlcles of association incorporated 12 December 2012. Recruitment and appointment of trustees Under the memorandum and articles of association the trustees are known as members of the management committee and a elected, by ordinary resolution, to serve for a period of up to three years after which they must be re-elected at the next Annual General Meeting. All members of the management commlttee give their time voluntarily and receive no benefits from the charity. Due to the nature of the charity, recruitment of trustees Is often Informal with approaches being made wlthln the relevant healthcare fields. The management committee are awa that non healthcare professional expertise Is also required to successfully manage the governance of the charity and trustees are sought with relevant financial, administratlve and management expertise. In an effort to malntaln this broad skill mix, members are required to provlde a list of thelr skllls and update it each year. In the event of partlcular skills being lost due to retirement, individuals are approached to offer themselves for election to the management committee. Trustees holdlng office The trustees who held office during the year were as follows: Cathy Chiplen Laura Bratley - Appolnted 24 September 2024 Deborah Gill Joy Ellzabeth Horner statement on public benefrt In shaping our objectives for the year and planning our actlvities, the trustees have considered the Charity Cornmission's guidance on public benefit, including the guldance 'public benefit.. running a charity {PB2)'. The charity relies on grants and income from donatior15 to cover its operating costs. Affordability and access to our services is of the highest importance to us, particularly as the benefactors are often in a state of financlal hardship when the need to aCSS servlces Is the gateSt. The charity shapes its servlce offering to reflect this, most service5 are freely accessible, where there Is a charge or a cost barrier to participatlng In the services this is often relleved in hardship cases. statement of trustees. responsibilities The trustees are responsible for preparing the Trustees, Report and the financial ststements In accordance with appllcable law and regulations. Company law require5 the trustees to prepa financial ststements for each financlal year. Under that law the dlrectors have eletted to prepare the financial statements in accordance with United Kingdom Generally Accepted Accountlng Practice (Unlted Kingdom Accounting Standards and applicable law)- Under company law the directors must not approve the financial statements unless they a satisfied that they give a true and fair view of the state of affairs of the company and of the proflt or10ss of the company for that period. In preparing the financial statements the directors are required to.. select suitsble accounting pollcies and then apply them consistently,. make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company wlll continue in buslness. The trustees are responsible for keeping adequate accountlng CordS that are suffficient to show and explain the company's transactions and dlsclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardlng the a55ets of the company and hence for taklng reasonable steps for the prevention and detectlon of fraud and other Irregularities. Small company rules This report has been ppared in accordance wlth the special provisions relating to companies subject to the small companies regime within Part 15 of the Companles Act 2006. On behalf of the board Deborah Gill Trustee 2Slg1 Page 3
Towards Tomorrow Together Independent Examiner's Report For The Year Ended 31 December 2024 report to the charity on my examinatlon of the accounts of Towards Tomorrow Together for the year ended 31 December 2024. Responslbllltles and basis of report: As the charity's trustees of Toward5 Tomorrow Together (who are also the directors of the company for the purposes of company law), you are responsible for the preparatlon of the accounts In accordance with the requirements of the Companies Act 2006 C'the 2006 Att"). Havlng sat15fied myself that the accounts of the Company are not requlred to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 C'the 2011 Act,?. In carrying out my examlnation, I have followed the directions glven by the Charity Commission (under Section 145(5)(b) of the 2011 Act. Independent examlner's statement: have completed my examination. I confirm that no materfal matters have come to my attention which gives me cause to believe that.. Accounting records were not kept In accordance wlth settion 386 of the Companies Act 2006; or The accounts do not accord with such records,. or The accounts do not comply with relevant accountlng requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts glve a 'true and fair, vlew which is not a matter considered as part of an independent examination; or The accounts have not been prepared in accordance with the Charltles SORP (FRS102). have no COnrn$ and have come across no other matters In connection with the examination to which attention should be drawn I report in r to enable a proper understanding of the accounts to be reached. Gavln Brown FCC Brunel Charted Certified Accountants 3 Marco Polo Hou Cook Way Taunton Somerset TA2 6BJ 2siq12fj- Page 4
Towards Tomorrow Together statement of Financial Actlvlties For The Year Ended 31 December 2024 Unrestricted Restrlcted Total funds Total funds funds funds 2024 2023 Notes INCOME Income and endowments from: Donatlons and legacies Interest recelvable 15,312 49 69,110 84,422 49 67,237 Total 15,361 69,110 84,471 67,237 EXPENDITURE Raising funds: Advertising Just Giving and online fees Fundraislng expenses 29 29 324 8,292 2,256 1,761 4,017 2,256 1,790 4,046 8,616 Charitable activities: Local projects Crisis funding and therapy Bank charges Support groups Butterfy boxes and miscarriage packs Trainlng projects Rent Sundry expenses Allocated support wsts 25 5,435 2,450 29,276 30 940 1,320 501 9,831 554 23,387 2,475 34,711 30 1,702 2,297 501 9,831 893 39,568 12,347 28,859 78 1,600 4,584 12 7,015 1,504 21,255 762 977 339 16,181 23,719 68,289 92,008 87.254 Total 25,975 70,079 96,054 95,870 NET INCOME/(EXPENDITURE) Transfers (10,614) (969) (11,583) (28,633) NET MOVEMENT IN FUNDS (10,614) (969) (11,583) (28,633) RECONCILIATION OF FUNDS.. Total funds brought fotV4ard 23,657 4,965 28,622 57,255 TOTAL FUNDS CARRIED FORWARD 13,043 3,996 17,039 28,622 The notes on pages 7 to 10 form part of these financlal statements. Page 5
Towards Tomorrow Together Balance Sheet As at 31 December 2024 2024 2023 Notes FIXED ASSETS Tangible assets CURRENT ASSETS Cash at bank and In hand 18,581 30,164 18,581 30,164 Credltors: Amounts falllng due wlthln one year (1,542) (1,542) NET CURRENT ASSETS (LIABILITIES) 17,039 TOTAL ASSETS LESS CURRENT UABILMES 28,622 NET ASSETS FUNDS Unrestrlcted funds Restricted funds 13,043 3,996 23,657 TOTAL CHARITY FUNDS 17,039 28,622 For the year endlng 31 December 2024 the company was entlved to exemptlon from audlt under sectlon 477 of the Companles Act 2006 relatlng to small companles. Trustees. re$ponsibllltles: The members have not required the company to obtaln an audit In accordan wlth sectlon 476 of the Companles Act 2006. The trustees acknowledge their responslbllltles for complylng wlth the requirements of the Att with respect to accountlng COrdS and the preparatlon of accounts. These accounts have been prepared in accordance wlth the provlslons appllcable to companles subJect to the small companles, reglme and In accordance with FRS102 SORP. On behalf of the board Deborah Glll Trustee Date 2%1 IILS The notes on page5 7 to 10 fomi part of these ff nanclal statements. Page 6
Towards Tomorrow Together Notes to the Financlal Statements For The Year Ended 31 December 2024 l. Accounting Policles 1.1. Basis of preparation of flnanclal statements These accounts have been prepad under the historical cost conventlon with items recognised at cost or transactlDn value and have been prepared in accordance wlth: the Statement of Recommended Practice: Accounting and Reporting by Charitles preparing thelr accounts In accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published March 2018. the Flnancial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. 1.2. Income Income is recognised In the Statement off Financial Activities (SOFA) when: the charity becomes entitled to the resources,. It 15 more likely than not that the trustees will recelve the resour$. the monetary value can be measured with sufflcient reliabillty. Grants and donatlons Grants and donatlolls are only Included in the SOFA when the general Income recognition crlterla are met. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the perfomiance related condltions are met. 1.3. Expenditure Liabilities are recognised where it is more Ilkely than not that there Is a legal or construttive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certalnty. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. 1.4. Tangible fixed assets and depreciatlon Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation Is provided at rates calculated to write off the cost of the fixed assets, less their estimated resldual value, over their expected useful lives on the followlng bases.. Computer equipment 3 years on a straight line basis 1.5. Taxatlon The charity is exempt fmm Corporatlon Tax on Its charitable attlvities. 1.6. Fund accounting Unrestricted funds are available for use at the discretlon of the trustees in furtherance of the general objertives of the charity and whlch have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aslde by the trustees for particular purposes. Restritted funds a funds whlch are to be used in accordance with specific restrictlons imposed by donors or which have been raised by the charity for particular purposes. The cost of ralsing and admlni5tering such funds are charged against the speclflc fund. 2. Trustees Remuneratlon and Expenses No remuneration or other benefits from the charlty were recelved by the trustees durlng the current or predIng year. Travelllng expenses and disbursements of £855 (2023: £1,998) were reimbursed to 2 (2023.. 3) trustees. 3. Employee Numbers and Remuneratlon The average number of employees, including directors, during the year was as follows.. l (2023: nil) No employee received emoluments in excess of £60,000. Page 7
Toward$ Tomorrow Together Notes to the Financial Ststements (continued) For The Year Ended 31 December 2024 4. Tangible Assets Computer equlpment Cost As at l January 2024 200 As at 31 December 2024 200 Depreciation As at l January 2024 200 As at 31 Dember 2024 200 Net Book Value As at 31 December 2024 As at l January 2024 5. Credltors.. Amounts Falllng Due Withln One Year 2024 2023 Accruals and deferred Income 1,542 1,542 1,542 1,542 Page 8
Towards Tomorrow Together Notes to the Flnancial Statements (continued) For The Year Ended 31 December 2024 6. Analysls of Charltable Funds 6.1 Movement In funds At l Jan Incoming Resources 2024 resources expended At 31 Dec 2024 Transfers General fund Bereavement Counselling Pilot Budget Ava Bay Gill Unrestrlrted funds 22,404 15,361 (24,722) 13,043 1,253 23,657 (1,253) (25,975) 15,361 13,043 Arnold Clarke Ava Holly Williams Flnley Scott in Memorial Fund Bella's Wlsh National Lottery - Awards For All National Lottery 5 Year Funding Neighbourly Somerset Nelghbourly - Bristol Neighbourly - Exeter Somerset Comrnunlty Foundatlon The Grace Trust Tyler'5 Friends Yorkshlre Building Soclety 1,500 (418) (2,258) (149) 1,082 2,258 149 581 581 20,000 40,110 500 500 500 5,000 1,000 (20,000) {39,594) (317) 134 650 183 500 500 (5,000) (1,000) 500 1,343 500 (1,343) Restrlcted funds 4,965 69.110 (70,079) 3,996 Total Charlty funds 28.622 84.471 (96,054) 17,039 6.2 Analysls of net assets between funds Unrestricted Restrlcted At 31 Dec funds funds 2024 Year ended 31 December 2024 Current assets Creditors le55 than l year 14,585 (1,542) 3,996 18,581 (1,542) Net assets 13,043 3,996 17,039 Unrestrlrted Restrlrted At 31 Dec funds funds 2023 Year ended 31 December 2023 Current a55etS Creditors less than l year 25,199 (1,542) 4,965 30,164 (1,542} Net assets 23,657 4,965 28,622 Page 9
Towards Tomorrow Together Notes to the Financial Statements (continued} For The Year Ended 31 December 2024 6. Analysls of Charltsble Funds (continued) 6.3 Detalls of funds Ava Bay Gill {designated): The fund was ralsed by Debbie Gill and Anthony Gill in memory of their daughter Ava who dled unexpectedly at 7 days old. The fund is unrestricted but Ava's parents wish for the fund to focus on holistic therapies and Counselllng, particularly for couples. Ava Holly Williams (restricted): The fund was set up in memory of Ava who was born asleep on Thursday 21st July 2016. Ava's family hope to raise as much money as possible to help create awareness and provide specialist bereavement care and stillbirth prevention tralnlng. Finley Scott In Memorlal Fund {restrlcted): This fund is raised by Melanie and Baz Scott, in memory of their son Flnley. It Is typically used to test out new ideas of resource provision for familie5 who have lost a baby. It has been used to fund library books, and Hearts in Their Hands. Bella's Wish (restricted):_ The fund was Cated to speclflcally provide keyrlngs to hospitals for distribution to families suffering stillbirth. Mia and Clara Gough - Thls fund was created In memory of the twin glrls, to be spent on general activities In line with the Charities objectives. National Lottery Community Fund (restrlcted) - Funding awarded to support the creation of the Together Hub and to ensure the growth and development of the charity. Tyler's Frlends (restricted) - Grant toward5 Crematorium costs. Yorkshlre Bulldlng Society (restrlcted) - Funding for rent and venue costs. 7. Related Party Transactions The charity engaged the services of trustees as follows; Deborah Gill, to provide busine55 SUPPOrt, the cost of these services £22,892 (2023: £20,968). Cathy Chiplen, to provlde therapy, the cost of these services totalled £5,513 (2023: £3,386). Page 10