Charfty r•glstratlon numbor 1179901 LEO'S ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
LEO'S LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA MIIIS Mrs P Storey Miss M Tlemey IAppointed 11 January 20241 (Appointed 11 January 20241 DrAGupta Charlty number 1179901 Independent •xamln•r AzetsAudil Services nyard Park House nyardAvenue nyard TS22 5TB Unlled Kingdom Bank•rJ Na$1 Premier Banklng 123 Hl9h Stro•t stocklon-OnvTee8 United Kingdom TS18 1NW
LEO'S CONTENTS Pago Tfuslees, report Indopendent examinerfs pOrt Statement of financl818¢tivities Balance sheet Notes to the fin8n¢ial statements 7-17
LEO'S TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Trustees present Ih&r report and finanaal slalemenls for the year ended 30 September 2023. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 110 the financial statements and comply with the charity's governing doeurnent. Ihe Charities Act 2011 and 'AOUnting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporb'ng Slandaid applicable in the UK and Republic of Ireland {FRS 1021 leffertive 1 January 20191" Objectlves and actlvlues The objective of Leo's CIO, whieh 1$ outlined in the constitution of the CIO dated 12 September 2018, is the relief of sickness and the preservaliefi of good health of expectant mothers whose baby or babies will rb98d neonatal are. AIn ofthe charity The aims and objectives are met by.. 11 Promoting education around preterm and early 18bour, eondrtions resulling in neonatal admissions, working with obslelric and mirfery staff to raise awareness and the acts'ons required when pre-term labour is threatoned. 21 Support and encourage research in pre-lem) labour, neonat81 eare and outcomes and the subsequent effect on the menlal health and well-being of parents and families. 31 Seek lo fund appropriate dedicated. antenatsl, neonatal carè and COTnmunity services following discharge to compliment and support those provided by the NHS bul where such additional servieEs are not currently ftjnded by them such as psychological support, counselling, allied he811h professionals, play therapy and play groups where they can have a direct beneficial and posvcive effect for parents and families. 41 Provide equipment and other items that are not curronlly available from the NHS lo give parents and families the additional support and comfort they need during their neonatal journey, particularly whilst their babies are on neonatsl and trans11ional care units. The charrty also carries out other charitable purposes in line wth the alms of the organlsation at the Trustees dIset10n. Strategles for achlevlng alms and obje¢tive5 The aims and objectives are mel by promoting educalion around pre-term and early18bc*Jr condftions, resutting in neonatsl admissions, working with obstetn"c and midwifery staff to raisè awareness of. and the 8dions required, when pre-terrn labour is IhrealeneiS. The charity supports and encourages research in prè-term labour, neonatsl care and outcom8s and the subsequent effect on the mental health and well-being of parents and families. The charity wll also undertake any other Charitable activities in line wth the aims of the charity as the Iruslees detemiine at their absolute discretion.
LEO'S TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Signifan1 Actlvltles In this financial year, Leo's Secured commissioning contracts with both Redcai and Cleveland Council and Middlesbrough Council for perinatal baby loss work. This 15 the first lime Leo's has been commissioned lo work with farnilies. The key focus of this piece of work was to reduce perinatsl crisis and illness by working with families who had been affected by miscarriages. leminalion for medical reasons, slillbirths and necnatsl deaths thin the first tsvo years after loss. Ulilising our expertise in lived experience and trauma informed care, the Charity has filled a large gap Wrthin NHS mental health services as locally, no specific perinatal care is offered to parents or families who endure a Ioss. This contract is part of the Department of Education's Family Hub Iniliatsve to improve perinatsl and infant mental health. Historically Leo's has solely deart with neonatal loss bul has branched out into wider areas ol loss lo plug a much needed gap. Alongside this, Lfjo's was lunded to do specific work with marginalised communities within Middlesbrough who may need speafic malemal mental health support. These included those from wider cvllural and religious backgrounds, asylum seekers and nèw arrivals from other countrie5 who may need lo ac$5 malemity services within the NHS. Our Neonatal work eontinued lo thrive and has tsken a sole focus onlo mental heafth in line wth Ihe needs of the community we serve. Volunteers Leo's is supported heavily by volunteers and was supported throughout this financial year by a $mai but effective team of volunteers who assisted at lundr8ising events. It must also be noted that many stsff members volunteer their lime outside of working hours to assist the charty and il's aims. The volunteers were reimbursed during the period for travel expenses relating to charrtable activities. The lotsl amount reimbursed was £48512022 £4781. The Trustees have paKI due regard lo guidance issued by the Charty Commission in decidin9 what activits'es the eharty should undertake. Achlevements and perforniance As slated above, Leo's is now providing specialist mental health care lo women and partners who endure a pregnancy or baby loss within the Middlesbrough and Redear & Clev81and postcodes. This has been a privilege for the team to work with families during such a difficult time. As this work is part of the Family Hubs initiatives, il has seen closgr working with Midwives, health visitors. and willèr VCSE organisalions. Leo's has continued lo thrive within the neonatal Communty, providing continuous earfy intervention work anil lived experience leil mental health support for families who have had babies born loo sick or loo soon. Our neonatal trauma eounselling service has enhanced also, with requiring more trauma loSSed therapy including EMDR and Flash to treat PTSD symptoms. Training in the NBAS (Neonatsl Behaviour81 Assessment Scale} was undertaken by two team members lo enhance our earfy intervention offer for babies in neonatal care. Al present, Leo's is the sole provider in the region, and largely in the UK of the type of enhanced trauma support offered lo those in need of care during a pregnancy or baby loss, and neonatal care. We have seèn an increase in pfsD symptoms for our beneficiarie5, and have upskilled the workforce lo be fvlly Iraum8-infomed. This is lum has allowed us lo have a wider positive effect on the lull family unil. asslst people back into work, help children al school and improve general well-being within the cernmunity whilst taking pressure off the NHS. Flnanclal review Al the year end, the charity had an overall surplus 01 £2,41912022 deficit 01 £1,145.) During the financial year, the Charity has further trimmed down ils services lo ensure that il would be able lo continue as a gDing concem. Vthilsl the Trustees acknowledge that there is still 8 long way to go in surviving the current eCormi¢ and funding downturn. we are hopeful that this new model will support slow and steady growth.
LEO'S TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 11 1$ the policy of the Chafty that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to bètween the and six Tnonth's expenditure Thè Trustees ¢onsiders that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able t¢ continuè the charity's ¢urrenl activities while consideration is givèn lo ways in which additional lund$ may be raised. The Trustees have assèssed the major risks Its which the charity is exposed, and are 5ati$fied that systems are in place lo rnits'gate exposuie to the major risks. structurni govttmance and manogement The tharty is govemèd by 115 CIO Deed, dated 12 September 2018. and under Ihis deed is Constituted as a Charitable Incorpor*ed OrganisatKJn ICIOI. The Trustees who served during the year and up to the dale of signature of the financ4al statements were.. Mr. A D Marsdèn (Resigneil 11 June 2023) Mi A Villis Mrs A Stewart Mrs A Hodgson Mrs P Storey Miss M TieryTrey Dr A Gupta {Resigned 25 March 20241 IRe$igned 25 October 20231 (Appoinled 11 January 2024) IAppoirTrled 11 January 20241 The trustees, port was approved by Ihe Board of Twslees. Mr A Willis Tiuslee 30m712024
LEO'S INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEO'S I report lo the Trustees on my examination of the financial st8lemenls of Leo's (the charilyl for the year ended 30 SepteMr 2023. Rosponslbllltles and bas16 of report As the Trustees of the charity you are responsible for the prèparation of the financial statements in accordance th the requirement$ of the Charrties Act 2011 Ilhe 2011 Acti. I report in respect of my examinab.on of the charity's financial statements carried OLrt under section 145 of the 2011 Act. In carrying out my examination I have foll¢Jved all Ihe aOicable Directions given by the Charity Commission under section 14Sl5llbl of the 2011 Act. Independent examlners statement I have Completed my examination. l eonfim that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material re¥Jecl'. li) accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or lill the financial statements do not accord wlh those records,. or liiil the financial slalemenls do not comply wlh the applicable requirements conceming the fomi and content of *ccounls set out in the Charrties (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a true and fair view vthich is not a matter considered as part of an indepentjent examination. I have ng concerns and have come across no other matters in connection Mlh the examination to which attenb'on should k drawn in this port in order to enable a proper understanijing of the financial slalemenls to e reached. Graham Fitzgerald BA FCA DChA A2els Audit Servi¢es nyard Park House nyardAvenue nyaid TS22 5T8 Unf(ed lQngdom Dated:
LEO'S STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestrlcted Restricted funds funds 2023 2023 Total Unrnstrfcted Restrfcted funds fund$ 2022 2022 Total 2023 2022 Notes Income from charitable ath'vities 28,326 139,254 167.580 42,951 91,693 134,644 Expenditure on charitable activities 24,591 139,425 164,016 24.744 136,774 161,518 Ngl Incomlnglloutgolngi resources beforn transfers 3.735 {1711 3,564 18,207 145,081} 126,8741 Gross transfers betsveen funds 13,7351 3,735 143,936} 43.936 Net incomellpxpend5turel for the yearl Net movement In funds 125,7291 11,1451 (26.874) Fund balan05 at 1 October 2022 11,1451 {1,145 25,729 25,729 Fund balances at 30 September 2023 2,419 2.419 11,1451 11,145) The statement of financial activities includes all gains and losses recognised in Ihe year. All income and &xpendiluie derive from continuing activltie8.
LEO'S BALANCE SHEET AS Af30 SEPTEAIBER 2023 2023 2022 Flx•d a$••ts Tangiblg assets 3,708 Current 48iets Debtors Cash at bank and in hand 10 2,376 44,093 8,473 24.591 46,469 31,064 Cr•dltorn: amount• f•lling du• wlthln on• yoar 11 {47.7S8} 137.21 n N8t currènt IKabilTrtio$ 11,2891 16,153) Total ••••ts1••8 current Itabllltl•• 2,419 {1,1451 In¢ome fund• Restricted funds Unregtrictgd fund5 13 2.419 (1,1451 2,419 11.1451 30f07f2024 The finanGial s1olemenl8 We approved by the Tru8lee$ on ......................... MrA Villis TNsts•
LEO'S NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accounttng pollcles Charlty information Leo's is a charitable Incorporated organisation registered in England and Wales. The registered office 1$ 8 Hall Wood Close, Yam), Slocklon On Tees, TS15 9FR. 1.1 Accounting convontion The financial slalemen15 have been prepared in accordance with the charty's goveming document, the Charities Act 2011 and 'Accounling and Reporting by Charities.. Stslement of Recommended Practice applicable lo charrties preparing their accounts in aeeordance wilh the FIrncl31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeelive 1 January 20191" The charity is a Public Benefit Entty as defined by FRS 102. The ¢harily has taken advantage of the provisions in the SORP lor charities applying FRS 102 Update Bulletin 1 not lo prepare a Stslemenl of Cash Flows. The financi81 statements are prepared in sterling, whlch is the functional currency of the charty. Monetary amounts in these financial statements are rounded lo the nearest £. The ffinancial statements have been prepared under the historical co81 convention. The Principal accounting poIleS adopted are set out below 1.2 Golng concern Al the balance sheet dale, the charity had a surplus of £2.41912022 deficit of £1,145). We draw your attenth'on to the financial review on page two arKI three of the trustees report. Al the lime of approving the finanaal stalemenls, the Trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees continue lo adopt the going concern basis of accounting in preparing the financial stslemerbts. 1.3 Charitsble funds Unrestricted funds are avai18ble for use al the disuelion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors as to how they may be used. The pUrseS and uses of the restricted funds are set out in the notes lo thè financial slalemenls. End¢)wment funds are subjèct lo specific conditions by donots that Ihe capital must maintained by the charity. 1.4 Incoming resourc•s Income is recognised when the charity is legally enlrtled to it after any performance conditions have been met. the amounts can be measured reliably. and il is probable that income wll be received. Cash donations are recognised on receipt. Other donations are recognised once the charf(y has been notified of the donation, unless performance tondilions require deferral of the amount. Income tax recoverable in welalion to donati'ons received under Gift Aid or deeds of covenant is recognised at the time of the donatson. Legacies are recognised on receipt or otherwse if the charity has been notified of an impending distribution, the amount is known, and receipt is expeded. If the amount is not kn¢)wn, the legaey is treated as 8 contingent asset.
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accounting policios Icontlnuedl 1.5 Resourcgs gxpended Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefrt to a third party, il is probable that 8 transfer of e¢onorni¢ benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity a made up of the lolal of direct costs and shared cost5, in¢luding support costs involved in undertaking each activity. Direct costs attributat49 to a single ad'vity are allocated directly lo that activity. Shared costs which contribute lo more than one acttvty and support costs which are not attributsble to a single activity are apporb'oned between those activities on 8 basis con51slenl with the use of iesources. Central staff costs are allocated on the basis of lime spent, and depreeialion charges are allocated on the portion of thè asseY$ use. Expenditure is accounted for on an accruals basis and has been claswfied under headings that aggregate all cost relating lo that category. Where wsls cannot be directly attributed to P8rticul8r headings they have been allocated lo activities on a basis wnsistenl with the use of resources. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of depreuation and any impaimenl losses. Depreciation is recognised so as to write off the cost or valuth'on of assets less their residual values over their useful lives on the following bases.. Playgroup equipment IT equipment 15% 8lraighl line 33% slraKJht line The gain or loss arising on the disposal of an asset is detemined as the difference b$en the sale proce¢d$ and the carrying value of the asset, and is recognised in the staternent of financi81 activities. 1.7 Cash and cash Oqulvalgnts Cash and cash equivalents include cash in hand. deposits held at 11 th banks, other sht)rt-lerni liquid investments wth original rnalurilie5 Qf three months or less, and bank overdrafts. Bank overdr8fts are shown thin borrowngs in current liabilities. 1.8 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Finanaal Instruments Issues, of FRS 102 to all of rts financial inslrumenl$. Financial instrurnents are recogni8ed in the charity's balance sheet when the Charity becomes paty lo the conlractLtal provisions of the inslrumenl. Financial assets and liabilities a offset, with the nel amounts presented in the financial statements. when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and $8tlle the liabilty simultaneously. 88sic financial assets Basic finanoal assets, which include debtors and cash and bank balances, are inrtially measured at transaction price including transaction costs and are subsequently carried 81 amortised cost using the effective interest method unless the arrangement conslrtul&s a financing Iransa¢lion. where the transaction 15 measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised.
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng policiès Icontlnuedl Basic financial liabiTlities Basic financial liabilities. including ciedilors and bank loans are initially recognised at transaction price unlèss the arrangement constilules a financing Iransaclion, where the debt inslnjmenl is measured al the present value of the fvlure payments discounted 81 a market ral& of intefesl. Finanaal liabilities classffied as payable within one year are not amortised. Debt instruments are subsequently carried 818mortised cost. uwng the effective interest rale method. Tratle creditors are obligations lo pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are ejassified as current liabilities il payment 15 due wlhin one year or less. If not, they are presented as non-eurrent liabilities. Trade creditors are reeognised initially al transaction price and subsequently measured al amortised cost using the effective interest method. Derècognition orfin•nclal Ilabilities Financial liabilities are derecognise¢J when the charity's contractual obligations expire or are discharged ¢x cancelled. 1.9 Employee bènefits The cost of any unused holiday enlillement is recognised in the period in which the employee's services ale re1ved. Termination benefits are recognised irnmediatety as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide termination benefits. 1.10 Retlrement benefits Paymenls lo defined contribution reliremenl benefit schemes are eharged as an expense as they fall due. Cr5tkal a¢¢ounting estimats$ and ludgements In the application of the charity's accounting policies, Ihe Trustees a required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not reodily 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 eslirnales. The estrmales and underlying assumption$ are reviewed on an ongoing basis. Revisions to accounts'ng estimates are recognised in the period in which the estimate is revised where the revision affects (lY that period. or in the period of the revision and future periods where the revision 8ffects bolh current and future pgri¢)d$.
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Incom• from ¢harftable actlvltles 2023 2022 Donatlons Sales of servi¢e$ by benofiaaries Grants 28,326 43.057 750 90,837 139.254 167,580 134,644 Analysis by lund Unre$tri¢ted fvnds Restricted fjJnd$ 28,326 139,254 42,951 91,693 187,580 134,844 For the year ènd•d 30 S•ptomber 2022 unreslr1ed funds Restricted fi)nd$ 42,951 91,693 134,644 io-
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Expendlture on charltsble •¢tlvltl•s 2023 2022 Staff c05ts Depreaatlon and impairment Charity checkout charges Fundraising and event8 Ward support Counselllng and ¢ommunity support Sub5CriPtions Travel os15 Repalrs and maintenan¢• Insurance Hire of prgmises Sundry Advertising Donation5 92,189 1.858 603 1,454 86,358 2.1SO 245 4,217 1,907 22,529 880 478 4,489 1,471 27,752 611 485 1.462 7.269 286 859 410 2,103 51 134.668 127.288 Share of support costs Isee nole 51 Share of govemance co818 (see not• 51 15,955 13,393 24.779 9,451 164,016 161,518 Anal1$ by Unrestricted funds Restricted funds 24,591 139.425 24.744 13e,774 164,016 161,518 11
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Support costs Support Govgrnance costs cogts 2023 2022 Print, postsge and stationery Computèr expenses Rent Lighl, power and healing Staff training Bank charges 570 3,350 4.871 570 3,350 4,871 427 4,309 9,295 2,547 8,018 183 6,942 222 6,942 222 Legal and professional Accountancy 9,622 3,771 9,622 3,771 5,343 4.108 15.955 13,393 29,348 34,230 An8lysed betweèn Charitable activities 15,955 13,393 29,348 34,230 Trustees None of the Trustees {or any persons connected with them) received any remuneration or benefits fM the charty during the year. None of the Trustees were reimbursed duTing the period for expenses incurred relating to charitable 8Ctivilies12022.' Nill. Employees Thè average monthly number of employees during the year was.. 2023 Number 2022 Numbèr Employment costs 2023 2022 Wag$$ and salaries Social security costs Other pension c¢$ls 89.486 1,455 1,248 84,889 1,469 92,189 86,358 There were no employees whose annual remunèration was more than £60,000. Taxation The eharty is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable GainsAcl 1992 to the extent that these are applied lo ils charitsble objects. 12
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 T•nglbl• flx•d as$•ts PI•ygroup IT gqulpm•nt •qulpm•nt T4)ts1 Cost Al 1 October 2022 Additions 5,702 4,116 358 9,818 358 At 30 September 2023 5,702 4.474 10,176 D•pr•clatlon and Impalmi•nt Al 1 O¢tober 2022 Depreclatlon chargèd in the year 1,982 855 2.828 803 4.810 1,858 At 30 September 2023 2,837 3.831 8,488 Carrylng amount AI 30 septeber 2023 2,865 3,708 At 30 Seplemter 2022 3,720 1,288 5,008 10 Debtorn 2023 2022 Amounts falllng du• wlthln one year: Accrued income Other deblois Prepayments 2.000 19 357 6,460 13 2,376 6,473 11 Crtdltorn: amounts falllng due wlthln on• y•ar 2023 2022 Not•s Other laxatson ar social security Defe income Trade credllor8 Other creditors Ac¢yuals 8,943 34,176 10,423 21.840 387 562 4.005 12 324 2.771 47,758 37,217 13-
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 12 Deferred Income 2023 2022 Arising from Grants received 34,176 21,840 D¢f8rrgd income is included In the financial statements as follows.. 2023 2022 Deferred in¢omo is included whhin.. Current Ilabilhies 34,176 21,840 Movements in the year.. Deferred income at 1 OCtor 2022 Resources deferred in the year 21,840 12,338 21,B40 Deferred incom& al 30 September 2023 34.178 21.840 14.
LTJ m I ty)r r£0 z(n
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 14 An•lysls of net 08$9ts between funds Unr•strlcted Rwtrkted funds funds 2023 2023 Total Unr•8trl¢tsd R•strlcted funds funds 2022 2022 Totsl 2023 2022 Fund balances at 30 S•ptember 2023 aro presented by.. Tangible assets CurTenl asselsllliabililiesl 3,708 {1,2891 3,708 11,2891 5.008 {6.153) 5,008 18,1531 2,419 2,419 (1.1451 11.145} 10 Rolatsd party tran8actlon8 Ther6 were no related party Iransactlon$ during the perlod. 17.