REGISTERED CHARLTY NUMBER: 1153090 ort of the Trustees and Unaudited Financial Statsments for the Year Ended 31 Jul 2024 for Libb Mae's Little An els Attwoods Chartered Certified Accountants 182 Worcester Road Bromsgrove Worcestershire B61 7AZ
Libb Mae's Little An Contents of tlie Finaneial StsletThents for the Year Ended 31 Jul 2024 Page Report of the Trustees Independent Examiner's Report Statement of Flnan¢lal Activitie$ Balance Sheet Not to the Financial Statements 6 to 10 Detailed Statement of Financial Activities
Libb Mae's Little An els ort of th¢ Trustees for the Year E]]ded 31 Jul 2024 The trustees present their report with the fu1claI statements of the charity for the year ended 31 July 2024. The trnstees have adopted the provisions of 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 l January 2019). OBJECTIVES AM) ACTIVITIES Objectives and allS The chIty'S objectives are the provision of resources and equipment for neonatal units to relieve the suffering and emotional distress of persons who have experienced the loss of a child, in particular, but not exclusively by supporting llewly bereaved parents by the provision of memory boxes. The Trustees hav¢ paid due r¢gaTd to guidanc¢ issued by the Charity Commission in deciding what activities the Charity should undertake. ACHIEVEMENT AND PERFORMANCE Charitable activities 2023-2024 bas again been challenging but we have noticed that things are picking up again following the COVID-19 pandemic. In person, events have been fully restored and we have been able to get out in the cortununity at carnivals, fetes and bucket collections. Our annual ball was a huge success. We supplied and delivered Mothers, Day and Christmas gifts to tbe units. Libby Mae's Lkttle Angels have again been working oll gowing our social media to gain more awareness of our chartty both to the general public and businesses. We have continued to distribute our Memory Boxes to the neonatal units which are given to parents who suffer a bereavernent and have irnproved neonatal services for families with the provision of furniture and equipment, renovated family rooms and provided breast pumps to units and for use of Community Outreach Teams. We continue to build up good relationships with Consultants and Hospital staff throughout the region and work wxth suppliers 10 negotiate discounts for any equipment that we purchase. FTNANCIAL REVIEW Finaneial positio The CharAty is solely funded by voluntary donations and fundraising events and only has Minimal expenses so it has not been necessary to set a fornial TeseTVe. Our plans for the futtre are to keep growing the Charity so that we can support more and more families and babies on their neonatal journey, to help raise more awareness of our cause and lo continue to supply mernory boxes to families who experience a neonatal deatK this will in turn lead to further charitable donations. We are conunitted to supporting the neonatal units throughout the Midlands and this is where our focus will be for the foreseeable future. Income tax recoverable ill relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documcnt The charity is controlled by its governing documen¢ a deed of tt and constiteS an unincory)orated cbarity. Risk tnanagement The tmstees have a duty to idetitify and review the risks to ivhich the charity is exposed and to ensure appmpriate controls are in place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1153090 Page I
Libbv Mae's Little An els ort of the Trustees for the Year Ended 31 Jul 2024 Principal address 12 Ash Drive Catshill Bromsgrove Worcestershire B61 OLF Trustee5 Ms C Shaart Chair R Shan?tt Tmstee S Ravenscroft Trustee Ms S Bird Trnstec M Barber Tnjstee Independent Examiner Ben Newbury FCCA Attsvoods Chartered Certified Accountants 182 Worcester Road Bron]sgrove Wor¢estershire B617AZ Approved by order of the board of trustees on ..,. 17.10511£...,.,... and signed on its behalf by: Ms C Sharratt- Trustee Page 2
Inde endent Examiner's Re ort to the Trustees of Libb Mae's Little A Independellt examiner's report to the trustees of Libby Mae's Little Angels I report to the ¢]wity trnstees on my examination of the accounts of Libby Mae's Little Angels (the Trust) for the year ended 31 July 2024. Responsibilities 2nd basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requiren)ents of the ChaTities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under S¢clion 145 of the Act and in canying out my examination I have followed all applicable DirectioDS given by the Charity Commission under Section 145(5)(b) of the Act. IEtdependent examiner's statement I have completed my examination. I confirni that no material ntterS have come to my attention in connection with the examinaliun ¥iving me cause to b¢li¢ve thal in any lliaterial respect.. accounting records were not kept in Tespect of the Trust as required by Section 130 of tbe Act. or the accounts do iiot accord with those records. or the accounts do not comply with tb¢ applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Report5) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of arl independent exan)ination. have no concerns and have come across no other n]atters in connection with the examination to ivhich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Ben Newbury FCCA Atmoods Chartered Certified Accountants l 82 Worcest¢r Road Bromsgrove Worcestershire B617AZ Date.. Page 3
Libb Mae's Little An Statement of Financial Activities for the Year Ended 31 Jul 2024 31.7.24 Total funds 31.7.23 Total fimds Unrestricted fLd Endomqnent fid Notes INCOME AND ENDOWIVIENTS FROM Donations and legacies 72,502 72,502 65,524 EXPENDITURE ON Raising fLdS 74533 74,533 57,744 Charitable activities G¢n¢ral activities 7,327 7,327 7,849 Totgl 81,860 81,860 65,593 NET INCOMEI(EXPENDITURE) (9 J58) (9J58) (69) RECONCILIATION OF FUNDS Totsl funds brought fotivard 43,661 43,661 43,730 TOTAL FUNDS CARRLED FORWARD 34,303 34,303 43,661 The notes forni part of these fmancial statements Page 4
Libb Mae's Little An els Balance S]Leet 31 Jul 2024 31.7.24 Total funds 31.7.23 Total fimds Unrestricted fid Endowment fid Notes FIXED ASSETS Tangible assets tnvestsnents 4,096 14,400 4.096 14,400 5,462 20.000 18,496 18,496 25,462 CURRENT ASSETS Debtors Casb at bank 53 16,432 53 16,432 138 18,691 16,485 16,485 18,829 CREDITORS Amounts falling due within one yeaT (678) (678) (630) NET CURRENT ASSETS 15,807 15,807 18,199 TOTAL ASSETS LESS CURRENT LIABILITIES 34,303 34a03 43,661 NET ASSETS 34,303 34,303 43,661 FUNDS EndoMqneTht funds 34J03 43,661 TOTAL FUNDS 34J03 43,661 The financi slaternents were approved by the Board of TTUStees and authorised for issue . and were signed on its behalf by., on C Shaatt- Trustee The notes forn] part of these fmancial statements Page 5
Libb M2e's Little An els Notes to th¢ Financial Statements for the Year Ended 31 Jul 2024 ACCOUNTING POLICIES Basis of preparing the financial $tatemellts The financial statements of the chatity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK Republic of Ireland, alld the Charities Act 2011. The filLCial statement5 have been prepared under the historical cost convention. with the exception of investments which are included at rnarket value. Income All income is recognised in the Statement of Financial Activities once the charity has entitlem¢nt to the fids, it is probable that the income will be received and the amount can be measured reliably. Expendilure LiabilEIiLS are recognised as expenditure as soon as there is a legal or constrnctive obligation committing the harity to that expenditure, it is probable that a transfer of economic benefxts will be required in settlement and the amount of the obligation can be measured reliably. Expendith is accounted for on an accruals basis and has been classified under headings that aogregate all cost related to the category. Where costs cannot be dir¢cily aitribut¢d to particular headings they have been allocated to a¢tiviries on a basis consistent with the use of resources. T&ngible flled assets Depreciation is provided at the following amiual rates in order to write off each asset ov¢r its estimated use1 life. Fixtures and fittings Motor vehicles 201J/o on cost 25 % on reducing balance Taxation The charity is exempt from tax on its charitable activities. Fulld accounting Unrestricted funds can be used in accordance with the choritable objectives at the discretion of the trustees. Restricted funds can oiily be used for particular restricted puryoses within the objects of the charity. Restrictions arise when specified by the donor or when funLs are raised for particular restricted purposes. Further explanation of the natUTe and puryyose of each fi]nd is included in the notes to the fmancial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Stat¢meDt of Financial Activities on a straight line basis over the period of the lease. Page 6 continued...
Libb Mae's Little A els Notes to the Finaneial Statements - continued for the Year Ended 31 Jul 2024 TRUSTEES, REMUNERATION AND BENEFrrs There were no crustees, remuneration or other benefits foT the year ended 31 July 2024 nor for the year ended 31 July 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023. COMPARATIVES FOR THE STATEMEWT OF FINANCIAL ACTIVITIES Unrestricted fund Endowrnent ftmd Total fimds JNCOME AND ENDOWMENTS FROM Donations and l¢ga¢ies 65,524 65,524 EXPENDITURE ON Raising fidS 57,744 57,744 Charitable activities General activities 7,849 7,849 Total 65,593 65,593 I¥ET INCOMEI(EXPENDITURE) (69) (69) RECONCILiATION OF FUNDS Total fimds brought foTrvard 43,730 43,730 TOTAL FUNDS CARRIED FORWARD 43,661 43,661 TANGIBLE FIXED ASSETS Fixtures Motor vehicles fittings Tottls COST At l August 2023 and 31 July 2024 2,612 9,710 12,322 DEPRECIATION At l August 2023 Charge for year 2,612 4,248 lJ66 6,860 la66 At 31 July 2024 2,612 5,614 8226 IYET BOOK VALUE At 31 July 2024 4096 4,096 At 31 July 2023 5,462 5,462 Page 7 continued...
Libbv Mae's Little All els Notes to the Financial Statelllents - contillued for the Year Ended 31 Jul 2024 FIXED ASSET INVESTMEI¥TS Listed investtnents MARKET VALUE At l August 2023 Disposals 20,000 (5,600) At 31 July 2024 14,400 IYET BOOK VALUE At 31 July 2024 14,400 At 31 July 2023 20,000 There were no investment assets outside the UK. DEBTORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR 31.7.24 31.7.23 Prepayments 53 138 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.24 31.7.23 Trade creditors Other creditors 330 348 630 678 630 MOVEMENT IN FUNDS Net movement in funds At 31.7.24 At 1,8.23 Endowment funds Endowment fid 43,661 (9,358) 34J03 TOTAL FUNDS 43,661 (9a58) 34,303 Net rnovement in funds, included in the above are as follows: Incorning resources Resources expended Movement in fund5 Endowment funds Endownient ftmd 72,502 (81,860) (9J58) TOTAL FUNDS 72,502 (81,860) (9?58} Page 8 continued..
Libb Mae's Little An els Notes to tbe FinaDcial Stateents - continued for the Year Ended 31 Jul 2024 MOVEMENT IN FitNDS- Continued COParativeS for Movement in funds Net movement in fidS At 31.7.23 At 1.8.22 Endowment funds Endomqnent fund 43,730 (69) 43,661 TOTAL FUNDS 43,730 (69) 43,661 Comparative net movement in fimds, included in the above are as follows: Incoming Tesourc¢s R¢sources expended Movetnent in fitnds EdOwment funds Endowrnent fLd 65,524 (65,593) (69) TOTAL FUNDS 65,524 (65,593) {69) A cutrent year 12 months and prior year 12 mollths combined position is as follows.. Net movement in fimds At 31.7,24 At 1.8.22 Endowment funds Endowment fimd 43.730 (9,427) 34,303 TOTAL FUNDS 43,730 (9,427) 34,303 A current year 12 months and prior year 12 months combined net rnovement in funds, included in the above are as folloNvs'. Lncoming resources Resources expended Movement in funds Endowment funds Endowment fund 138,026 (147,453) (9,427) TOTAL FUNDS 138.026 (R47,453) (9,427) Page 9 continued...
Libbv Mae's Little An els Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 July 2024. Page 10
Libb Mae's Little An Detailed Statement of Financial Activities for the Year Ended 31 Jul 2024 31.7.24 31.7.23 COME AND EIYDOWMENTS Donatiolls alld legacies Donations 72,502 65,524 Total ineoming resources 72,502 65,524 EXPENDITURE Other trading activities Charitable expcndittwe 74,533 57,744 Support cogts MAnagement Office nltenance Rent Insurance Motor expenses Telephone Motor vehicles 598 920 1.093 1,032 142 540 2,435 1,821 795 3,149 1,365 6,827 7,063 Fillallce Bank charges 152 176 Governance costs Bookkeeping Accountancy and legal fees 280 330 348 348 610 Total resources expended 81,860 65,593 Net expenditure (9058) (69) This page does not forn] part of the statutory fmancial statements Pagell