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2022-10-31-accounts

REGISTERED COMPANY NUMBER: 08752179 (England and Wales) REGISTERED CHARITY NUMBER: 1171443

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

Barretts Chartered Accountants & Chartered Tax Advisers

22 Union Street Newton Abbot Devon TQ12 2JS

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 October 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 13
Detailed Statement of Financial Activities 14 to 15

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

REPORT OF THE TRUSTEES

for the Year Ended 31 October 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2022. The trustees 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 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The charity's objects are to promote and preserve good health among parents of babies who have been cared for in neonatal hospitals in Devon in particular but not exclusively by providing counselling, support, information, advice and signposting service to such parents.

Page 1

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

REPORT OF THE TRUSTEES for the Year Ended 31 October 2022

OBJECTIVES AND ACTIVITIES Significant activities

INTRODUCTION

SNUG has continued to grow and evolve over the past year as life returns to a new normal. The cost of living crisis is becoming more apparent and as a charity and community organisation we are very mindful of the hardships everyone is facing.

Despite this, one of the things I have been truly humbled by is the increase in personal giving and fundraising for a small charity like SNUG, complementing our grant funding and continuing to raise our profile in the community.

Our goal at SNUG is to ensure that all new families who have had a difficult start to parenthood have access to the support and resources they need. Originally established as a parent group, today we host a welcoming community of lived experience volunteers who together with our skilled partners, deliver truly transformative care across Devon. Fundamental to everything we set out to achieve, is the concept of people and communities. Holding firm the belief that when a group of individuals get together; with openness, honesty and compassion, they can somehow find a shared wisdom and from that, effective solutions to life's challenges organically evolve.

The team of SNUG staff and volunteers have gone above and beyond over this past year to ensure continuity of care and support for families remains their top priority.

Craig Bowden Chair of Trustees

VOLUNTEERS

Volunteers, both old and new, continue to be our community's most valuable resource; their kindness, commitment and generosity, acting as a guiding light for families during a time of heightened vulnerability. We are proud of our volunteers and proud of the sense of unity we have seen among the teams this year.

Over this period we have extended our services into North Devon working with the SCBU and engaging a new cohort of volunteers in the region.

ONLINE AND COMMUNITY GROUPS

Our online support service continues to be a thriving hub for families. Expertly led by a group of dedicated volunteers, this contemporary approach to engaging families has been well utilised throughout the year.

Feedback from our external evaluations organisation Clarity has shone a light not only on our 'active engagers' but on our 'quiet readers'. It is thought those who do not 'reach out directly' may also take something valuable from knowing that others struggle too, with more assertive members acting as a source of reassurance for our more reserved clients.

MEMORY MAKERS

As part of SNUG's growth into North Devon, the Memory Makers project supported by Awards for All enabled SNUG to provide more resources for siblings. Having a baby brother or sister in neonatal care can be an incredibly stressful time for a child. The disruption in routine coupled with the financial and emotional strain on the family can all be internalised by the sibling. Team Memory Makers set out to change that by developing and delivering resources that support emotional regulation, communication and engagement.

With access to appropriate resources children will feel less isolated and more involved with the care of their hospitalised sibling at the earliest possible stage

WHAT NEXT?

Funding from The National Lottery Community Fund has enabled us to continue building community links and identify new stakeholders for the future.

Page 2

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

for the Year Ended 31 October 2022

REPORT OF THE TRUSTEES

OBJECTIVES AND ACTIVITIES

Moving forward, beyond The Neonatal Pathways project SNUG sees a need to continue our work with stakeholders to ensure that 'lived experience' becomes the vehicle through which changes are inspired. We have a strategy to engage with community organisations that compliment one another and in turn can strengthen the individual offers of each organisation.

Draft plans for 2023 include:

-Potentially increasing our offer for training to 'lived experience volunteers' both within the areas of advocacy and peer support.

-Secure funding for the long term continuation of the Neonatal Pathways Project

-Continue growing our services for Dads and Partners (DAPA)

Public benefit

The trustees have had regard to the guidance issues by the Charity Commission on public benefit. We do not charge for our services, much of our service is volunteer driven and delivered for the benefit of others.

FINANCIAL REVIEW

Financial position

The charity has a stable financial position for the duration of the lottery funded project. The CEO and trustee board are working closely together identifying a number of diverse income streams including building relationships with trusts and foundations.

Lottery funding for our key projects will be coming to an end in 2023, and it is the intention of the board and senior team to secure additional funding from alternative funders to continue the work and expand SNUG services across wider parts of Devon.

As the funded Neonatal Pathways Project comes to the end of it's National Lottery Community Fund funding, SNUG will continue to work with external evaluators 'Clarity' to demonstrate the need for such a service and identify new developments for the charity.

Reserves policy

In normal times, taking into account the risk, sustainability and the variability of SNUG's income, the Board of Trustees has established an understanding whereby the unrestricted funds held by the charity should be 2 month operating costs. We appreciate this needs to be increased and should be higher. We hold reserves to pay remaining salary costs should any remaining restricted funding need to be returned to the funding organisation. Over the past year, the board agreed a reserves policy to support the organisation should it face financial hardship.

Going concern

The charity is very reliant on grant income and is now looking at strategy to enable sustainability at the end of the three year grant currently in place from The National Lottery Community Fund.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, Articles of Association, adopted on 14th July 2015 and amended by Special Resolution on 13th January 2017.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08752179 (England and Wales)

Registered Charity number

1171443

Page 3

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

REPORT OF THE TRUSTEES

for the Year Ended 31 October 2022

Registered office

Stephens & Scown Curzon House Southernhay West Exeter Devon EX1 1RS

Trustees

Dr L Boddy C Bowden Chair Ms C F Carlton Ms R S Wilkins Secretary

Independent Examiner

Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS

Approved by order of the board of trustees on 20 July 2023 and signed on its behalf by:

C Bowden - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUPPORTING NEONATAL USERS &

GRADUATES (SNUG) LTD

Independent examiner's report to the trustees of Supporting Neonatal Users & Graduates (SNUG) Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

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

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

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

Ian Barrett FCA FCIE

Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS

24 July 2023

Page 5

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 October 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
374
Other trading activities
2
722
Total
1,096
EXPENDITURE ON
Charitable activities
Charity
2,788
Other
1,963
Total
4,751
NET INCOME/(EXPENDITURE)
(3,655)
Transfers between funds
10
299
Net movement in funds
(3,356)
RECONCILIATION OF FUNDS
Total funds brought forward
23,053
TOTAL FUNDS CARRIED FORWARD
19,697		 Restricted
funds
£
85,489
-
85,489
111,014
-
111,014
(25,525)
(299)
(25,824)
38,023
12,199		 2022
Total
funds
£
85,863
722
86,585
113,802
1,963
115,765
(29,180)
-
(29,180)
61,076
31,896		 2021
Total
funds
£
88,217
3,570
91,787
79,760
2,094
81,854
9,933
-
9,933
51,143
61,076

The notes form part of these financial statements

Page 6

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

BALANCE SHEET

31 October 2022

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
7
1,005
-
CURRENT ASSETS
Debtors
8
1,865
-
Cash at bank
24,667
12,199
26,532
12,199
CREDITORS
Amounts falling due within one year
9
(7,840)
-
NET CURRENT ASSETS
18,692
12,199
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,697
12,199
NET ASSETS
19,697
12,199
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2022
Total
funds
£
1,005
1,865
36,866
38,731
(7,840)
30,891
31,896
31,896
19,697
12,199
31,896		 2021
Total
funds
£
2,719
3,612
59,982
63,594
(5,237)
58,357
61,076
61,076
23,053
38,023
61,076

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

BALANCE SHEET - continued

31 October 2022

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

The financial statements were approved by the Board of Trustees and authorised for issue on 20 July 2023 and were signed on its behalf by:

C Bowden - Trustee

The notes form part of these financial statements

Page 8

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 October 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on cost Computer equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 9

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2022

2. OTHER TRADING ACTIVITIES

2022 2021
£ £
Fundraising events 722 3,570

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2022 2021
£ £
Depreciation - owned assets 1,763 2,094
Deficit on disposal of fixed assets 100 -

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2022 nor for the year ended 31 October 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

CEO
Volunteer Coordinators
Administrator
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,341
Other trading activities
3,570
Total
5,911
EXPENDITURE ON
Charitable activities
Charity
1,407
Other
2,094		 2022
1
2
1
4
Restricted
funds
£
85,876
-
85,876
78,353
-		 2021 2021
1
2
-
3
Total
funds
£
88,217
3,570
91,787
79,760
2,094

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 10

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2022

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
Total
3,501
78,353
81,854
NET INCOME
2,410
7,523
9,933
Transfers between funds
910
(910)
-
Net movement in funds
3,320
6,613
9,933
RECONCILIATION OF FUNDS
Total funds brought forward
19,733
31,410
51,143
TOTAL FUNDS CARRIED FORWARD
23,053
38,023
61,076
7.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
COST
At 1 November 2021
2,605
4,278
6,883
Additions
-
299
299
Disposals
(250)
-
(250)
At 31 October 2022
2,355
4,577
6,932
DEPRECIATION
At 1 November 2021
1,337
2,827
4,164
Charge for year
518
1,245
1,763
At 31 October 2022
1,855
4,072
5,927
NET BOOK VALUE
At 31 October 2022
500
505
1,005
At 31 October 2021
1,268
1,451
2,719		 6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
Total
3,501
78,353
81,854
NET INCOME
2,410
7,523
9,933
Transfers between funds
910
(910)
-
Net movement in funds
3,320
6,613
9,933
RECONCILIATION OF FUNDS
Total funds brought forward
19,733
31,410
51,143
TOTAL FUNDS CARRIED FORWARD
23,053
38,023
61,076
7.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
COST
At 1 November 2021
2,605
4,278
6,883
Additions
-
299
299
Disposals
(250)
-
(250)
At 31 October 2022
2,355
4,577
6,932
DEPRECIATION
At 1 November 2021
1,337
2,827
4,164
Charge for year
518
1,245
1,763
At 31 October 2022
1,855
4,072
5,927
NET BOOK VALUE
At 31 October 2022
500
505
1,005
At 31 October 2021
1,268
1,451
2,719		 6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
Total
3,501
78,353
81,854
NET INCOME
2,410
7,523
9,933
Transfers between funds
910
(910)
-
Net movement in funds
3,320
6,613
9,933
RECONCILIATION OF FUNDS
Total funds brought forward
19,733
31,410
51,143
TOTAL FUNDS CARRIED FORWARD
23,053
38,023
61,076
7.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
COST
At 1 November 2021
2,605
4,278
6,883
Additions
-
299
299
Disposals
(250)
-
(250)
At 31 October 2022
2,355
4,577
6,932
DEPRECIATION
At 1 November 2021
1,337
2,827
4,164
Charge for year
518
1,245
1,763
At 31 October 2022
1,855
4,072
5,927
NET BOOK VALUE
At 31 October 2022
500
505
1,005
At 31 October 2021
1,268
1,451
2,719		 Total
funds
£
81,854
9,933
-
9,933
51,143
61,076
1,268 1,451 2,719

continued...

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SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2022

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Prepayments
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accruals and deferred income
10.
MOVEMENT IN FUNDS
Net
At
movement
1.11.21
in funds
£
£
Unrestricted funds
General fund
23,053
(3,655)
Restricted funds
Lottery
38,023
(34,086)
Memory Makers Project
-
8,561
38,023
(25,525)
TOTAL FUNDS
61,076
(29,180)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
1,096
Restricted funds
Lottery
75,489
Memory Makers Project
10,000
85,489
TOTAL FUNDS
86,585		 2022
2021
£
£
1,805
3,468
60
144
1,865
3,612
2022
2021
£
£
1,970
1,622
5,870
3,615
7,840
5,237
Transfers
between
At
funds
31.10.22
£
£
299
19,697
(299)
3,638
-
8,561
(299)
12,199
-
31,896
Resources
Movement
expended
in funds
£
£
(4,751)
(3,655)
(109,575)
(34,086)
(1,439)
8,561
(111,014)
(25,525)
(115,765)
(29,180)		 2021
£
3,468
144
3,612
2021
£
1,622
3,615
5,237

continued...

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SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2022

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Lottery
Norman Family Trust
TOTAL FUNDS		 Net
Transfers
At
movement
between
At
1.11.20
in funds
funds
31.10.21
£
£
£
£
19,733
2,410
910
23,053
31,410
6,923
(310)
38,023
-
600
(600)
-
31,410
7,523
(910)
38,023
51,143
9,933
-
61,076		 Net
Transfers
At
movement
between
At
1.11.20
in funds
funds
31.10.21
£
£
£
£
19,733
2,410
910
23,053
31,410
6,923
(310)
38,023
-
600
(600)
-
31,410
7,523
(910)
38,023
51,143
9,933
-
61,076
38,023
61,076

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 5,911 (3,501) 2,410
Restricted funds
Lottery 84,876 (77,953) 6,923
Norman Family Trust 1,000 (400) 600
85,876 (78,353) 7,523
TOTAL FUNDS 91,787 (81,854) 9,933

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2022.

Page 13

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 October 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other revenue
Other trading activities
Fundraising events
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Pensions
Insurance
Postage and stationery
Advertising
Staff training
Recruitment
Rent
General office set up
IT software and consumables
General expenses
Travel
Subscriptions
Consulting
Website costs
Direct expenses
Sessional costs
Other
Fixtures and fittings
Computer equipment
Loss on sale of tangible fixed assets
Support costs
Governance costs
Accountancy and legal fees		 2022
£
373
85,490
-
85,863
722
86,585
83,613
1,492
198
149
1,247
870
130
2,940
-
1,456
3,396
356
347
3,342
468
1,163
6,090
107,257
618
1,245
100
1,963
6,545		 2021
£
2,284
85,876
57
88,217
3,570
91,787
62,420
1,279
210
142
107
-
-
4,410
212
620
394
328
339
2,999
-
324
1,353
75,137
669
1,425
-
2,094
4,623

This page does not form part of the statutory financial statements

Page 14

SUPPORTING NEONATAL USERS & GRADUATES (SNUG) LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 October 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 October 2022
Total resources expended
Net (expenditure)/income		 2022
£
115,765
(29,180)		 2021
£
81,854
9,933

This page does not form part of the statutory financial statements

Page 15