Ch•rlty Y•gl•tr•tlon number 1179901 LEO'S ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
LEO'S LEGAL AND ADMINISTRATIVE INFORMATION Trusts MrA Villis Mrs P Slorey Miss M f19rn9y {AppoSnled 11 January 20241 IAppolnted 11 January 20241 DfA Gupla Charlty numb*r 1179901 Indop•nd•nt •xamln•r 2e16 Audit s$¢&$ Wynyard Park Htsu$e nyard Avenue nyard TS22 5T8 United lQngdom B•nk•rn N¥e$l Premier Bankin9 123 High Slreel Stocklon-On-T•ès United Kingdom TS1B 1NW
LEO'S CONTENTS Pag• Trustees. pOrt Indepondenl examine¢s report Statemenl of finandal activities Balance sheet Nolos lo th¢ finanual stalem8nls 7.17
LEO'S TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The TTustee5 present their report and financial slalernents for thè yoar ended 30 Seplembgr 2024. The financial statèment$ have been prepared in accoidance with the accounting policie$ set oul in note 110 the financial statements and comply with the charity's governing docurnenl, the Charities Act 2011 and "A¢¢ounling and Reporting by Charilie5'. Statement of Rècommended Practice applicable to charitie5 preparing thèir accounts in ac¢ordan¢e with the Finanal Rèporting Sl8ndard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 2019)" Objectives and activill•s The objective of Leo's CIO, whith is oullirbed in the constitulion ol the CIO dated 12 Septembèr 2018, is the relief of sickness and the preservation of good health of expe¢t8nl mothers whose baby or babie5 will need noonalal care. ofthe charlty The aims and obpctives are mel by.. 11 Promoting eduealion around pretemi and earfy labour, Conditions resulting in neonatal adrnissions, working wtth obstetric and midwifery slaff to raise 8W8reness and the actions required when pre-térm 18bour is thatened. 21 Support and encouragg $tarch in prfrterm labour, neonatal ¢are and outcomes and the subsequent effect on the mental he8Mh and welkbeing of parents and families. 31 Seek lo fund appropriate dedicated, antenatal. neonatal care and community services following discharge lo Compliment and support those provided by Ihe NHS but where su¢h additional services are not ¢urrenly funded by them such as psychologieal Support. counselling, allied heatth professionals. play thèrapy and play groups where they can have a direct beneficial and positive eff8et for parents and farnilies. 41 Provide equipment and other items that are not currenmy available from the NHS lo give parents and tsmilies the additional 5UPPOrt and comfort they need during their neonatal journey, particulady whilst Iheir babies are on neonatal and transitional Ca unils. The charity also carries out othgr charitable PUFP05es in line with the 81ms of the organisation al the Trustees discretion. Strdts9i¢$ for a¢hieving aims and obl¢¢tiv•• The aims and objectives are mèt by promoting education around pre-terrn and early labour conditions, res1ng in neonatal admissions, woiktng with obstetric and midwifery staff lo raise awareness of, and Ihe actions required, when pre-lemi kqbour is Ihrealened. The charty supports and encourages resear¢h in pre-lemi labour, neonatal care and OLrtcome$ and the subsequenl effect on the menlal heallh and welkbtring of parents and families. The charity will also vndertake any olhar ¢harit8ble activities in line with the aims of the chanty as the trustees delemiine al their absolute diserètion. Signlfic*ntActlvitle8 In this financial year, lh& main activili05 Leo's has been inVoed with Is". The Nath'onal Lottery Neonatal Peer Support Project BBC Children in Need Child Intervention Project Leo's Perinatal Servi, Commissioned by thè Department for Educations Family Hubs Initiati within midd5brOugh (baby loss and BAME workl and Redcar and Cleveland Ibaby108s1
LEO'S TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Voluntoers Leo's is supported heav11y by volunteers and was supported through04Jt this financial year by a small bul effective learn of volunteers who assisted al fundraising evènt5. 11 rnu51 also be noted Ihal many staff members volunteer their lime outside of working hours to assist the ¢harity and it's aims. The volunteers weTe rèimbursed during the period for travel expenses relating lo charitable activities. The total amount reimbursed was £nil {2023 £4851. The Trustees have paid due regard to guidance issued by the Charity CommisSn in deciding whal activities the charity should undertake. Achievemonts and p*rformance Throughout Ihis financial year Leo's has made a significanl difference to the thTee 8rms of Its prowsion. This includes neonaial care and the commissioned seNice5 providing specialist perinatal baby loss and support for mothers of ethnic minorities or marginalised cornrnunrties within Middlesbrough. It saw the tearn successfully rèduct PTSD Symptoms in parents who were discharged fr(Im ifs baby loss service, build key relationships with women of diflerenl ethnicrtia$ in Middlesbrough and ¢onlinue its astounding work within the neonatal community. Our neonatal work included providing robust mental heatth support lo parents who needed varying leve15 of care due to trauma and supptsrting their children with their development. In November 2024 our ntronalal trauma service dosed and begun winding down in the summer. This was due to lack of funding, but this left a hug8 holè in the region which now had minimal trauma 5UPPOrt for these familles. We then began working on a new strategy which has been rolled out in 2025. It saw us up5kill one of our team as a Nervou5 System Practitioner who is the first of ils kind in the UK and the only indiwclual working within the neonatal and baby loss space. Two staff We trained in BTR Rewin and became kn'rth trauma pra¢tilk)ners and the full team bocame NBO (newborn behavioufal obseNationl trained. We continued on our rnission lo be informèd by Science, and introducgd neur08ryence and potyvagal theory it) tha key elements Ihal underpin our work. 11 also saw us bagin a long-lerm relationship wth Tee5side University. We were built into the mmlwifery curriculum. ready for us lo train student midwives in 2025 in neonatal and baby Ioss care. Financial review Al the year end. Ihe charity had an overall surplus of £22,28812023 surplus of £2,419.} During Ihe finan¢i81 year. the Charity has continued lo Inmmed down ils servi¢e$ lo ensure that it would be able to continuè a5 a going concern. It is Ihe policy ol the Charity Ihat unrèstricted funds which have nol beèn designated for a spè¢thc use should be maintainèd at a level equivalent to between three and six month's èxpendilure. The Trustees considers that rèservès al this level will ensure that, in the evenl of a significant drop in funding, they will be able lo continue the chanty's currenl activities while consideialitsn is given to ways in which additional funds may be raised. Going Concern Al the balan sheet dalè. the Charity had an overall surplus of £22.288. The charity has reviewod thè current funding approach and have worked with a local law firm. lo help secure the lOngelY ol the organisation and lo build a robust suslain8bilrty plan Ihal reduced the reliance on grants and supports long-term growth. The Trustees have assessed the major risks to which the ¢harity is exposed. and afe satisfied thal systèms are in place to mitigate exposure to the major risks.
LEO'S TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 StNetur•, govèm•n¢• •nd manag•m•nt The charity is governed by ils CIO Deed. daled 12 Sfrplember 2018, and under Ihls deed is constituled as a Choritable Incorporated Organisalion ICIOI. The Trustees who $eNed during th8 y•ar and up lu the dale of Signature of the financial stat9ments were.. MrA Villis Mrs A Stewart Mrs A Hodgson Mrs P Storey Miss M Tigrney Dr A Gupta IRe$ign&d 25 March 20241 (Rèsigned 25 October 20231 {Appolnled 11 January 20241 {Appotnled 11 January 2024) The true?5, report was approved by the Board of Tru¥tee$. . A. Truslee Dated..
LEO'S INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEO'S I report to the Twslees on my examination of the finanaal slalements of Leo's Ith& charity} for the year ended 30 September 2024. Responsibilities and basls of report As the Trustees of the charty you are responsible for the pieparalion of the financial statements in accordance with the requ1MentS of the Charitles Act 2011 (the 2011 Acti. I report in respeci of my examinats.on of the charity's finanaal stslements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451511bl ol the 2011 Ad. Independent examlner's statemgnt I have mpleted my examination. I confimi that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the chanty as required by section 130 of the 2011 Act,. or the financial slalemenls do not accord with those records.. or the financial slalements do not comply with the applicable requirements concerning the form and content ol accounts sel out in thè Charities IAccounls and Reports) Regulations 2008 other than any requirernenl that the a¢counts give 8 true and fair view which is not a matter considered a5 part of 8n indèpendent examination. I have no concems and have come auoss no other matt8rs in o)nnection with the examination lo which 8ttention should be drawn in this report in order to enae a proper understanding of the financial slalements to be reached. Graham Fitz erald BA FCA DCP els Audit Service5 nyard Park House nyard Avenue nyard TS22 5TB United Kingdom Dated.. 29 July 2025
LEO'S STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unr•stri¢tsd Restricted funds funds 2024 2024 Totsl Unrestrictsd RestrSct•d funds funds 2023 2023 Total 2024 2023 Not•s Ine me from: Income from tharitable activrtie5 45.302 207,377 252,679 28,326 139,254 167.580 Ex gndltur• on: Expenditure on charitable actiwties 44,705 188.105 232,810 24.591 139.425 164.016 Net incomlng r•souv¢es fore transfÈrs 597 19.272 19,889 3,735 Gross transfers between funds {5971 597 13.7351 3,735 N•t ineomo for the y8arl N*t movement In funds 19,869 19,869 3,564 3,564 Fund balanc£s al 1 October 2023 2.419 2,419 11.1451 {1,1451 Fund balances at 30 Septsmber 2024 22,288 22.288 2,419 2,419 The statement of financial activities indLtdes all 9ain$ 8nd105se5 recognised in lh¢ yeaT. All incorne and expendltuie dèrive from continuing auiviiies.
LEO'S BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Not•• Flxed a•••ts Tan9ibl& assets 2.859 3,708 Curr•nt #•ts Deblcrs Cash at bank and in hand 10 357 29.941 2,376 44.093 30,298 46.469 Creditorn: amounts falllng du• wlthln on• y•ar 11 110,8691 147.7581 N•1 cuThent asselsllliabiliti'esl 19.629 {1,2891 Trtal as8•ts l•• currnnt Ilab511tl*1 22,288 2,419 Incom• fund$ Restrictéd funds Unr8$tricted fvnds 13 22,288 2.419 22.288 2,419 The financial slalemènls wera approved by the Trustees on . I,vrLLfS Mr A Villis Tru¥t¢?
LEO'S NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting politi•$ Charlty information Leo's is a charitable in¢orpofaled organisation registered in England and Wales. The registered office is 8 Hall Wood Clos8, Yarm, Sltsckton On Tees, TS15 9FR. 1.1 A¢¢ounting Conventlon The financtal statements have been pfepareil in accordance w¢th the cha¥ity's governing document, the Charities Ad 2011 and "Accounting and Reporting by Charilies.. Statèment of Recommended Pracliee applieable lo charities Preparing thèir accounts in accordance with the Financial Rèporting Standard applicable in ihe UK and Republic of Ireland IFRS 1021 l&fftsctNe 1 January 20191.. The charty 1$ a Public Benefrt Entity as defined by FRS 102. The charity has taken advantage ol thè pr¢S1onS in the SORP for ¢haritie5 applying FRS 102 Up¢Jale Bulletin 1 lo prepare a Statemènt of Cash Flows. The financial statemènts a prepared in sterfing, which is the functional currency of the chanty. Monetary amounts in thesè finanrial slatemenls are roundod lo the nearest £. The financial slalements havè b&en prepared under the histoiical cost convention. The princApal accounting policies adopted ale sel out beltsw. 1.2 Golng eon¢•rn At the balance sheet dale, the charity had a $urplus 01 £22,288 12023 surplus of £2,419). We draw your attention lo the financial revtew on pa9è two of the trustees report. Al the lirne of approving the finanaal stalernenls, the Tfuslees havè a reasonab expectation that the Chafty has adequatè resourc£s lo continue in operational existence for the foreseeable fulure. Thus the Twslees continue to adopt the 90ing Concern b8si5 of accounting in pParIng the finanrAal slatgmènts. 1.3 Ch•ritable funds Unrestricted funds are available for use al the discretion of th& Trustees in furtherance of their charitable objectives. Rèslrided funds are subject to specific conditions by donors as to hiiw they may be used. The purposes and uses of the restricted fvnds are set out in the notes to the financial slalements. Endowrnent funds are subject to speciffic conditions by donors that the capital musl be maintained by the c*arily. 1.4 Incoming r•sourc•s Income is recognised when the charity 1$ legally entitled to rt after any performance condition$ have been mèt. the amounts can be measured rèliably, and il Is probable that income wTrll be reiVed. Cash donations are recognised on rèceipt. Other donations are recognisgd once the charty has been notified of the donation, unless perfom)3nce conditions require deferral ol the amount. Incoma lax recoverabl& relation to donations received under Gbft Aid or deeds of covenant is regnIsed at the time of the donatKJn. Lega&e8 are recognised on receipt or otherwise rf the charty has been notified of an impending distribution, the amount is known, and receipt 15 expected. If the amount Is nol knLwrfn, the legacy is treated as a contingent asset.
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies (Continuedl 1.5 Resources expended Expenditu 15 recognised once the is a leyal or Constructive obligalion to translèr economic bènèfit to ¥ third party, il is probable that a transfer of econofftic benefi15 will be required in sèttlement. and the amount of the obligation can be measured reliably. Expendrture is classffjied by adjvty. The costs ol each activty are made up of the lolal of 1ct costs and shared costs, including support costs invofved in undertaking each activity. Direct costs attributable to a single actiwty are alk)¢aled di¥ectty lo Ihal activity. Shared costs which wnlribute to more than one activity an SUPPOrt cost5 which are not attbUtab[e to a single actiwty are apportioned beMeen ihose aclivrties on a basis consistent with the use of resources. Central staff cost5 are allocated on the basis of time Spent. and depreciation Gharges are allocated on the portion of the asset's use. Expenditure is accountèd lor on an accruals basis and has been clas$ffied under headings that aggregate all cost relating to that category. ere costs cannot be directly altributed lo particular headings they have been allocated lo activitiès on a basis con51Stent with the use of resources. 1.6 Tangibl• fixèd ass•ts Tangible fixed assets are inrtially measured at )st and subsequently measured al cost or valuation. net of depreciation and any impairmenl10s5es. Depreciation is ra¢ogn15ed so as to wnle off the cost or valuation of assets less their residual values over their usèful lives on Ihe following bases.. Playgroup equTpmenl IT equipment 15/4 Strai9ht linè 33°A straighl line The gain or loss arising on the disposal of an asset is determined as the difference between the Sale proceeds and Ihe Carrying value of the asset. and is recognised in the statement ol financial activities. 1.7 Cash and cash •qulvaknts Cash and cash equivalènts in¢lude cash in hand, dep05ils held at call with banks, other short-term liquid investments wrth original maturities of three months Of less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.8 Financial instruments The Gharily has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'other Financial Instruments Issues, ol FRS 102 to all of ils financial instruments. Financial instruments are iecogni5ed in the charity's balance sheet when the ¢harity becomes party lo the contractual provisions of the inslrumenl. Financial assets and liabilities are offset. with the net amounts presènted in the financial slalements. when there is a lègally enforceable right lo set off the recognised amount5 and there is an intention lo seltle on a nel ba$1$ or lo realise the asset and seltle th8 liability simultaneously. Baslc financlal ass•ts Ba51¢ finanrial 35sets. which include debtors and ¢ash and bank balances, are initially measurèd al transaction including transacts'on cost$ and are $ub$equenlly carrd at amortised c4)sl using the effective interest method unless the arrangement constitutes 8 financing transaction, where the transaction is measured 8t the presenl value of the fiAure receipts discounted at a market rate of inteiesl. Financial assets classified as receivable wilhin one year arè not arnortised.
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢¢ounling policies IContlnu•dl 8451¢ financial liabiliti•s Basic financial liabilities, including crèditors and bank loan5 are initially recognised at Iransaetion price unless the arrangernenl Constitutes a finan¢ing transaction, where the debt instrument 15 measUd al the present value of the fulure payments discounted 318 market rate of inler6sl. Financial liabilities elassified as payable within one year are not amortised. Debt instruments are subsequently carrd at amortised eosl. using Ihe effective intèrè$l rale method. Trgde credilors are obligalSons to pay for goods or seNices that have be&n acquire¢J in thè ordinary course ol operations from suppliers. Amounts payable are classified as current liabilitie5 il payment Is due within one year or less. 11 not, they are piesenled as non-current liabilities. Trade Creditors are recogni5ed inallY at Iransaclion price and subsequently measured at amortised cost using the eftective interest method. D•rwgnltlon of financlalliabilllles Financial liabihlies a derecognised when the Chari$ ¢onlr8ctual obligations expire or are discharged or cancellad. 1.9 Employee beneftts The ¢051 of any unused holiday gnt+Uement is recognised in the period in which the employee's services are received. Teminats'on benefits are recognised immèdiely as an expense when the charity is demonstrably committed to lerminale Ihe employmenl of an employee or to provide lerminatKJn ben8fits. 1.10 Retlremenl n•fits Payments lo defined contribulion t1ment benefrt schemes are charged as an expense as they fall due. Critical accountlng slim4te¥ and judgements In the appli¢8thon of the charrty's aecounling policie5, the Trustees arè required lo make judgement$, estiTn8les and assumptions about the carrying amount of assets and liabilities that are not readily appant other Sources. The estimates and associated ass¢Jmptions are based on historical experience and other fadors that are consided to be relevant. Actual iosults may dillei frDm the5E estitnate5. The e$limales and undertying assumptions a reviewed on an ongoing basis. Revisions to accounting eslimales are iecognised in thè pèriod in which the eslirnate is revised where the revision 8ffectg only that period. or in the period of the rew&'on and lulure periods where the remsion affects both current and future periods.
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from GharSlabl• a¢Jvltl 2024 2023 Donations Grants 26,280 226.399 28,326 139.254 252.679 167,$80 Analysis by lund Unrestricled fvnd5 Restricted fvnds 45,302 207.377 28,320 139,254 252,879 167.580 For th• y•ar •nd•d 30 S•pt•rnr 2023 Unrestri¢ted funds Restricted funds 28,326 139,254 167.580 10
LEO'S NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2024 Expenditurè on eh¥ritable activities 2024 2023 Staff costs Depreciation and impairment Charity choekout charges Fundraising and evenls Ward support Counselling and community svpport Subscriptions Travel costs Repairs and maintenance Insurance HI ol prnIses Sundry Advertising 119,454 1,507 318 13.560 92.189 1.658 603 1,454 40 27,752 611 485 51,420 3,303 818 33 2,032 2,070 792 545 1,462 7,269 859 195.852 134,668 Share of support ctssls (see note 51 Share of govemance costs (see note 5} 23.873 13.085 15,955 13,393 232.810 164.076 Analysls by fund Unreslricled funds Reslrtcted funds 44,705 188,105 24.591 139,425 232.810 164,018 11
LEO'S NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support costs Support Governance ¢o$ts costs 2024 2023 Print, postage and stationery Computer expenses Rènt Staff training Bank charges PAYE intèrèst 727 5,367 5,119 12,218 325 123 721 5,367 5,119 12.218 325 123 570 3.350 4,871 6,942 222 Legal and pfolessional AccoLtnlancy 8,697 4,388 8,897 4,388 9,622 3.771 23,873 13,085 38,958 29,348 Analysed beeen Charitable activities 23,873 13.085 36,958 29.348 None ol the Trustees lor any pèrsons connected with theml re¢eived any remuneration or benefits from the chanty during the year12023.' Nil). Empltsy••ts The average monthly number of employees during the year was. 2024 Numbor 2023 Number Employm•nt eosts 2024 2023 Wages and salaries Social security costs Other pension costs 114.838 2,349 2,267 89.486 1,455 1,248 119.454 92,189 There were no employees whose annual remuneration was more than £60,000. Taxotion The charity 15 exempl from tax on income and gains falling wilhin section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these afe applied to ils chaiitsble objects. 12-
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Tangible fixed assets Playgroup IT•qulpmont equSpmoirt Cost Al 1 October 2023 Additions 5,702 4,474 458 10.176 458 AI 30 September 2024 5,702 4,932 10,634 D*pr¢clatlon and impaSrn)ent Al 1 October 2023 Depreciation chargod in the year 2,837 B55 3,631 652 6,468 1,507 At 30 Stsplember 2024 3,692 4,283 7.975 Carylng amount AI 30 September 2024 2.010 2,659 AI 30 September 2023 2,865 3.708 10 Debtors 2024 2023 Amounts f•lling due with5n on• y•ar: Accrued income Other debtors Prepayments 2,000 19 357 357 357 2,376 11 Cr•d[to. amounts falling due within ono y••r 2024 2023 Notes Othe¥ tsx81ion and social 5ecurty Deferred income Trade creditors Other creditors Accruals 5.125 8,943 34,176 12 2.102 504 2,938 324 2.771 10.669 47.758 13
LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 D•f•rr•d In¢om• 2024 2023 Arisln9 from Grants raeeived 34,178 Deferred income 1$ induded in Ihg financial Statements as follows.. 2024 2023 Deferred incom8 1$ induded wllhin.. Cuffenl liabilitiè6 34,176 Movamenls in the year.. Deferred incom8 at 1 O¢lober 2023 Released from previous perioiJ8 Resources dèlerred in the year 34,178 134,1761 21,840 12.336 Deferred income al 30 September 2024 34,178 14-
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LEO'S NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 14 Analy818 of net a••ts b•twn fund• Unrestrfct•d R•$trletod fund• fund• 2024 2024 Total Unr•strlci•d R•¥trl¢t•d fund$ lunds 2023 2023 ToLg1 1024 2023 Funfl balances at 30 Seplernber 2024 are represented by.. Tangible assets CUent as$etsl{li8bililitsl 2,659 19,829 2.659 19,629 3.708 {1.289} 3,708 {1.2891 22.288 22,288 2,419 2,419 15 R•lat•d paty tr•nu¢tloni There were no relatsd party Iran$a¢tions during the period. 17