REGISTERED COMPANY NUMBER: 1184&426 (England and Wales) REGISTERED CHARITY NUMBER: 1187011 Re￿r¢ of the Try$tees and Ungudlted FSnanelg1 Statements for the Yeir Ended 31st Mareh 2024 for SAndy Bear Children's Bereavement Chgrlty A5hmole & Co Manchester House GTosvenor Hill Cardiga Ceredigion SA43 IHY Ashmde& Co Sandy Bear Children'5 BereaveTheNt Charity Content$ of the FlnAn¢lal Ststernents for the Year Ended 31si MaNh 2024 R¢f¢r¢nce gnd Administrative Dttsl Reporl of th¢ Trllstees Independent Examiner'5 Report 10 Siitemtnt of Flnanci81 Activitie5 Balance Shett 12 to 13 Note5 to the Finandil Ststements 14 to 20 Detalled St8lemeDi of FlngDchal A¢tlvitie5 21 to 22 Ashmole & Co. S9ndy Begr Childrerj's Bere4vemet)t Charlty Reference and Admlhl$tratlve Det9115 for the Ye4r Ended 3151 MAreh 2024 TRUSTEES K A Brown (Tesigned 31.723) A Copson M A M Farmer l M Hall - Vice Chair N L Philpott S Thom¢i)n l Matthews- Chair O Riley lappointed 27.10.231 REGISTERED OFFICE Europa House 115 c.harles Street Milford Haven Pembrokeshire SA73 2HW REGISTERED COMPANY NUMBER 11855526 IENgland and Wales) REGISTERED CHARITY NUMBER 1187011 INDEPENDENT EXAMINER Ashmole & Co Nqanchester House Grosvenor Htll Cardigan Ceredigion SA43 IHY Page I Ashmde & Co. Sindy Bear child￿￿'S Beregvement Charity Report of the Trustees ror the Ye#r Ended )1￿ Mareh 2024 Th¢ trustees who are also directors of the charity for the pU￿oseS of the Companie5 Act 2006, present their report with the financial ￿￿timentS of the charity for the year ended 31 sl March 2024. The trustees have adopted the provisions of Accounting and Reporting by Chariiies.. Statement of Recotninended Practice applicable ￿ charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irela￿ IFRS 1021 (effective l January 2019). Page 2 A9hmole & Co. Sathdy Begr Children's BereAvement Charity Reporl of the Trn5tee5 for the Year F.nded 31st Mar¢h 2024 OBJECTIVES AND ACTIVITIES Objectives alm$ Charltsble Objective To relieve the menfal, emotional, spiritual. at)d ]A)ysical distress of children and young people sufferin8 from bereavement or living with a person who has a life limiting condition. The model of care provided i5 evLdenc¢ based and we are members of the Child Bereavement Network. Our Vi510n A Wales where all children gei safe, timely and appropriate help suppon when they are facing or have eX￿rienc￿ a beTeavement. Our Mi5510 To relieve the mental, emotional, spiritual, and physical distress of children and young people suffering bereavement or living with a pe]son who has a lif¢-limiting conditLOn. Our ifglue5 These are integral to our work., At Sandy Bear we are.. Supportive - we listen to children and young people, valuing their experience as told by th¢mselves and help them to use their knowledge to gain support that is appropriate. relevant and effe¢live for each individual. Compassionate . children, young people and their families ar¢ at the heart of our action5. they drive how w¢ give care, And we work to support theiT choices and dwisions. helping them to feel safe and va]u¢d. ofessiolla] - the care we give and ￿)W it IS given. i5 based on the best available evidence. We encourage everyone to give their best and be r¢ady to learn. adapt and change, when there are FKtteT ways of &)ing things. We strive to develop our expertise and share with others our learning lo improve 5ervic¢s foT Children. Open and respectful - we are an open and transparent charity, valuing each wson's individuality. we support diversity and believe different exp¢riences and perspectives make us stronger and increases our quality. Our Work Sandy Bear provides a service Chtldren and Young People 0.25yts of age, who have experienced or are aniicipaling the death of a loved one. Our core activity is wythin W¢st Wales. with the ability to suppxirt pan-wales where fUnd￿g allows. Focussing on the childlyoung person's voice and enabling them to speak about their experience ￿ their own words is tegtal to our work. We focu5 on listening to the ¢hildlyoung person ensuring they Can voice ¢heir understanding of the bereavement they have faced or are facing. We do this in a l.. l therapeutic settin& but at Sandy Bear we ￿cOgnIse the tremendous value of peer-SUPPOrted interventions. We WO￿ hard to draw out how a ¢htld ts feeling from their own perspective to get to the heart of the Child's understandinB aboui whai they have experierK¢d or their fears about what they will experience. This helps them to begin to address and make sense of their gri¢f. Alongside working wth individual children, we support pattnts, adult ¢ar¢rs, particulaTty of younger Children, to develop undersianding abolll how children ￿leve gthd to identity effective ways of supporting their child. promoting ¢oinmunication, and addressing behaviour issues. Finally, we work with (*her professhonals such as police, teachers and health personnel. ￿JVisiftg them how best to sup]x)rt ¢hildren atxl families who a]t facing or have exp¢rienc¢d bereavement. We work to provide a K)ute to a heajlhy grieving priKe55 that leads to gyief nornialisation, avoids detrimental out-comes and so provides the foundation for the child to leAd A happier, more fulfilled lift. BereaveTnent can impact on every &spect of a young life, affecting physical and mental health and well-being. Bereaved children and young people are often the forgotten tt)OLvneTS. We want children to know that thry. like adults, have a right to mourn. ]t¥ardless of their age and underslatjding. Page 3 Aghrnole & Co. Sandy Bear Chlldren'$ Bernav¢m¢nt ChArity Report of the Trustees for the Year Ended 315¢ March 2024 All children will react differently to bereavement. Their reaction is uifluen¢ed ty a complex web of factors, Inc1￿￿n8 who had died. their relatloll5hip 10 the deceased, the namre of the death. the nall]re of communication within the child's network, th¢ ¢hild's ¢￿]rOnrnent, Ihetr cognitive abilitie& and iheir in-built resilience. If the right support is not provided. and grief is left unTesolved. the Child's psychological health can be compromised. Thi5 ha5 been shown ￿ manifest itself in poorer met]tal health outcome5. poorer educational outcomes and risky behaviourthat can bring seriou5 COll5equences immediately, or later on in life. We have referred to gUida￿e contained in the Charity Commission's general guidance on public benefit wha] reviewing our aims and objectives and in planning our future activities. Pag¢ 4 AshmDle & Cr>. Sandy Bear Chlldren's Btr¢av¢ment Charity Report of the Trustees for the Year Ended 315t March 2024 ACHIEVEMENT AND PERFORMANCE Introduction This re]x>rt sees us continuing business as t]sual within OUT developed work within West Wales and supporting emerging need5 and focus on supporting those who need us across Wales. There continues to be a IA¢k of longitudinal studies to evidence the impact of child bereavement, but the UK Child Bereavement Network ICBNI works ￿ a hub which support5 bereaved children and young people by providing a Central >int forthe latest evidence and inforn)aiion ¢oncemingthe impacts of child bereavement. What we do know from our ¢o11oboraiion with professionals across the UK and supporting evidence available thTough the CBN. is that the death of a c105e farnily member is associated wi(h a Jange of poor i)utcomes for children and young people, both in the short and medium-term and into adulthood, including early tnortality. Inental and physiul health problems, and disnjpted education. Even after the initial grief and the yegrs that follow, evidence suggests tha( delayed grief r￿tIo￿ may ix triggered when subsequent life changes Ixcllr, sllch &8 a parent re-marrying or the kreaved person having their own child. Providing a route to a healthy grieving ￿<￿esS that leads to grief nornalisation, avoids these detrimental outcome5 ar so provides the foundation forthe child to lead a happier. rt)ore fulfilled life, progressing with their development. We Ixli¢ve that every child and youn8 person should have the opportunity to thrive ¥JJd to be the very best tha¢ they ¢an we want to live in a Society thai supports and enables children, young people and th¢ir families to reF#]ild their lives after the death of a loved one, giving them courage. resilienc¢ and hope for a bright fvtUTe. We are members of county and health board BeTeavernent Network5. Child Be]tavement Network {UKI, the W¢lsh GoveTnrnent B¢Teavernent Framework, and ihe UK-wide Suicide and self-hami prevention network. We remaÉn actively involved in the work underpinning the National Fr8Jnework for Bereavement Care in Wales alongside key partn¢rs and We15h Govemment to champion ￿tter recognition of child bereavement and the need5 of childrcn. Services Our Core delivery is through face-to-face &ssessmetLts, l..1 sUPPOrt and peer support woups. We understand that this Can create a barrier to support and so adapt to online and tel¢p￿￿e meetings and support for those unable to reach via o centr< or at on¢ of the hubs we use across the countie5. The advantages of being flexible in our approach is evidenced by oui attendance rates, the support off¢red, and the outcornes achieved Imve gone from s¢r¢ngth to strength. As of 31st March 2024. we have sttn 207 new referrals to our services from 1st April 2023. and thTtsughoth the year supported 388 children and young peopl4 and more than 776 parents and ca￿r5. in addition is the awareness raising and support given to scctor professionals who work with our beneficiaries amountit]g to over 370 pcople. We ac£%pt direct referrd15 ITr addition to those from professionals, and we are working through processes to ensure these are simple and a¢¢essible for t[￿se who need our support. We ¢ontinue to directly support health, social cxre. ￿UcatIon. and other relevant professionals who are deajing with or encounteT beteaven)ent affecting Child￿n and their families by providing resource5 and awareness of how children a]t offected and what Mi￿]1 help their situations. This support provides benefit w th(w ¢hildren who are facing or suffering from bereavement by enabling those in contact with them to manoge their issues more effectively. Demographic Information Out of ihe 207 new refe￿IS received between 1st April 2023 to 31st March 2024.. 420/0 of the bereavement experienced wa5 that of parents. 37/9 was for bervdvem¢ni of grandpa￿nts. 131J/o for bereaveinent of a 5Lbling. The remaining 801• Cotnprised of bereavement from other close farnily membets, which included, an aunt, uncle. or eousin; were also several peer and close friend bereovem¢nts. In 430/0 of the referrals, sui¢ide was the cause of death. 26Q/o ofreferrals cancer the ￿uSt of de￿h. I 10/0 of ref¢rrals We￿ due to cardiovascular being the cause of death. Page 5 Ashmole&Co. Sandy Bear Children's Bere#vemtnt Chgrlty R¢port of the Trn$t¢e$ for the Yegr Ended 31st MArch 2024 360/0 of ￿ferra1$ were due to other health c4)nditions which include heart. lun& renal cO[￿lti0nS amongst others. 50/0 were due to accidental drug overd05e. 3010 were dlle to Covid 19. 6YD are Still awaiting cause of death to be ¢onfimed. 30/• wer¢ referrals for anticipat(ry grief support prior to beredvement. Part of our bereavement support for children, includes running 3 age-appropriate fijn day5 for those whts have been thTough our service. In July 2023 ￿ took over Carew Castle And provided A number of a¢tivities supported by other agencies for children and their families. In December 2023 we organised a trip to Folly Fa￿ wliich was well attended by our children and theiT families. The teenageTS had Ihesr own eveni at a local tyompoline park and which was well attended and appreciated. Staff and Volunteer Support This year has seen the gro1￿h of the practitioncr le￿￿ and eMI￿dIng our WOTk acTOSS West Wales on a pemianent basis. This has led to a greater number of referrdls and requests for support from Ceredigion. Carniarthenshire and surrounding communities. As one of our founding niembers of the teaTtL prq)are5 foT retirement, we have implemented delivery learn si]u¢tures which have enabl¢d a handover of knowledge and experience, whilst also making the most of the wider team's exrKrience& skills and knowledg Titne spent reviewing. Tefre5hing our charity plan ha5 led to the adoption of a five-year strdiegy 'Survive, Thrive, Grow. which enables us to do exa¢ily what it says. We will continue to focu5 on existllJ8 work and fvndiiig to support this to Survive. Our networks supporteT base and the way we work with childffn and young ttople will be led by evidence and tsking up op]K>rtunities to ensure we thrive. We will. Subject to fundirkg. grow to ensure that our support is available to those across Wale5 who need u5. A key part of our development saw us rebratxl to better respond io ¢hanging limes and ensure our relevance to all ¢ommuniti¢s as we evolve from a local approach to a more substa￿tIal role working across the length and breadth of Wales. In addition. we have moved from a O-18yrs provision lo in¢r¢*se this to 25yrs, ensuring that those with additional needs are mt forgotten during critical transition periods, also that those young people who may have moved independently and at greater risk of isolation in th¢ l¢ad up to, or following LEreavemenl aren't left without much needed support. Volunteers are an integral part of our work, and we couldn't exist in the way we do without them. Mostly wr setvi¢e delivery volunteers have experience across statutory and voluntary sectors working with children and young people. Some come with a drive and enthu5i&sm. which is easy to capture and to implement training and support to ensure everyone is supported. Volunteers are involved in the charity at all levels ivithin direct delivery, fundraising. adThinistsation, assisting with events. and in leading our strategic diTection and charity govemance pr￿eSSeS. By the end of MaTch 2024, we had 40 volunteers supporting us wthin a variety of roles and from across West Wales. Our volunteers all receive a core inductionltraining programmc followed by additional leaming and developmeni suitable for their rolels. We have also implemented regular supervision for volunteers lead by our clinical and service leads kn ensure that they are fijlly supported. and we Can identify 8￿Y fvture development they may wsh io ¢xplore. This has led to volunteers taking up paid positions both within the charity and elsewhere in the sector. We have worked ￿rO$S nUmero￿S volunteering ?￿d voluntary sector ￿ltiatiV£S which has us increase our volunteer nuinbers and the number of collaboratlOll5 and partneTships we have with other organisations. li has also ¢nsured that pwle know about us so they Can refer p¢ople lo our services when neded. Trustees Governgiiee Trustees continue to ￿5tTl￿ne￿1aj part of our charity. Ensuring th* we are ¢ompliont with charity commission guidance and relevani law. Ollr board met four times Mrythin the year. along wilh sub committees to safeguaTd OUT service (klivery, financial overview artd to morkitor and manage risk. Page 6 A5hmole & Co Sandy B¢4r Children's Bere9vemeDt Charity Report of the Trustees for the Year Ended 31$t M#reh 2024 This year we Thank 150bel Hall for her energy and enthusiasm as chair as she s¢¢ps domm to the role of vice chair. Her direction support has helped Sandy B¢ar become set Up &s & registered charity and grow from hurnble beBintJings to what il Ims become to date. She has also PTovided rnany hours of volunteering at events ajid within our peer 5UPPOrt se55ions, diTe¢tly supporting Iwr work with beneficiaries. Not forgetting 5UPPOrting the induction period and support to the CEO which ha5 been incredibly welcomed. A Huge Thank you for h¢r support so far, and for continued involvemeni in futUTe. We wish leuan Matthews good luck ￿ he steps up from the tru51ee board to take on ¢he reigns as Chair. He has a tough act lo follow. but his experience prtsfessionally and ktjowledge of Sandy Bear will ensure that ￿ reTnain steady, stable and Te5ilient as the Charity coniinues lo fulfjl its objective5. Education and Tralnlng Al Sandy Bear we tske a proactive apprO￿h 10 the training and development of our team, staff and voluntee]s. We PTI)vide training opportunities as well as make the most of learning partnership5 if possible. Our service mixlel is b&8ed on the work Ca￿led oul at the Winston's Wish Found*ion and our staff receive trdining directly provided by che foundation. In addiiion to this we r¢gularly organise training with otheT charities and organisaiions. The purpose of staff development and training t5 to continually improve Sandy Bearfs effectiveness to provide intervention to children. young TKople and their families who have experienced a bereaveinent that is impacting upon theiT emoiional healih ond wellbeing. All staff and volunteers attend induction train￿g 13 days) and SAf¢guarding training 11 dayl. Individual staff development. training and support needs land the plans for meeting them) are agreed during the uiduction period and at annual appraisal meetings. Plans are reviewed and updated during supetwision meaings. Individual members of staff are re5pon5ible foT implementsiion of planned learning and Sat￿Y Bear is responsible for ensuring that a range of q)portunities and resources are available tts supw)rt thi& The memb¢rs of the team have completed volunteeT and assessment training lin¢luding safeguarding, supervtsion. and clinical 5upeTvisionl' bereavement ty sllicide and mental health first aid training for adults. We invested in external specialist training for staff in child kreavement, in¢reasing knowledge and skills base. Going forward, the overall effectiveness of staff developmetjt and training will be reviewed as part of the othnual ￿VIeW of the developing charity business plan. Our Network Sandy Bear works alongside statutory provi(krs and the third sector in Pembrokeshire. Wales and a¢ros$ the UK. We are members of and have active participation in the P¢mbrokeshire Bereavement Network and Child Bereavement NetWOTk UK. Through the work undertaken with We15h Government in the development of the Naiional Bereavement Strdtegy. 5UPPOrted by the Welsh Go￿rnment we have developed a pilot project to extend our service into the counties of Ceredigion ond Camiarthenshire. The preparation to (kliver this as a live se￿1¢C by April this year, we on track to begin thi5 work on time. We continue 10 be &iive menibers of the Pembrokeshire Bereavement Network, (he ￿lId Bereavement Nelworfo IUKI, the Welsh Government for Bereavement Care GTOUP. Palliaiive Care and End of Life Strategy Workshop and UK Commission on Ber¢avemeni. We have close worksng relationships with Pembrokeshtre County Coun¢il and hav¢ begun to forge relatiot)ships with Ceredigion and Camiarthenshire councils. In addition. we work closely with GPS CAMHS, Hyw¢l Dda Health Bo8Jd. Social Services and Education including Pembrokeshire College. Coneluslon Saiidy Bear continues to ￿lId its stru¢wre, systems, and processes. whilst also reviewing and impTovin& We strive to meet the needs of ¢hildren, young people and their families whenever they are refenyd to us and work as collaboratively as possible within our close profe55ional communities to support the best outcornes for tliose children and younB petsple. Page 7 Ashmole& Co. SADdy BeAr Children's Bereavement Charit). Rtport of the Trustee5 for the Year Ended 31$t March 2024 We began &s a small charity rooted in our ￿MMUnity. the support we receive is g￿￿tlY appreciated. The cnd of ihis year s¢es us ￿arting a s¢tvi¢e in two tnoTe ¢ounlie5 to provide support for children and young ￿0P￿t be￿aVed by suicide, and we see this &8 our opportunity to explore Eelng able to eveniually deliver a whole model of service fvrther across Wales and sllpport more ¢hildTen and young people. FINANCIAL REVIEW Income GenerAtion We are a young chaTity and make a significant impact to the lives of children and young peopl¢ with the ￿urCeS ihal are available to Us. It) this flnancial y¢ar, total ijicome amouoted 10 £.105,298. We are diversifying our income thn)ugh a range of sour¢es wilh our income comit)¥ from statutory and voluniary grants. trusts, and foundations. We are also ￿tswing our general income through community and event fijndraising activity to ensure we are not depejident iipon any on¢ Sour￿ of funding. During the year we liave beeii supported by charity of the year partnerships and we contitjue to ulilise s(Kial ttaedia &tKi online giving platfomis to offei a variety of means for the public lo support our wort(. Re$ervts polity Sandy Bear ha5 a policy of maintaining an unrestri¢ted fre¢ reserve, being the net Cutrertt as￿15 excluding fimd5 designat￿ for a specifi¢ p￿￿oSe. The Trusiees ¢on5ider that a free reserve is required for the putpose of ensuring th¢ continuity of service during periods of high demand andlor fluctuations in income. The Service h&% a commitment to retaiTh the equivalent of stx months operational costs &% a free reserve. The level of the unTe5tricted free reserve at the end of the financial year ending 31st March 2024 amounted to £192.146. which b&%ed on total expenditure fix the year ended 3 1st March 2024 equates to a]most 8 months 0￿ratIonal costs. STRUCTIIRE, GOVERiYANCE AND MANAGEMENT Governing document The charity is ¢onir()Iled by its ￿VeTning document and constitutes a litnited compat]y, limited by guarantee, as d¢fined by the Companies Act 2006. The ChaTity was registered with tlie Cliarity Commission on the 17th December 2019. The Charity also operates under the working name Sandy Bear Childten's Bereaveinent Charity. The Charity is C￿￿entlY govemed by a board of s¢ven Trustees. Recruitment And appointment of Dew trustees Trusiee officers are elected by the Inembets of the Board. which includes the current Chair, Vice Chair, Treasurer and Safeguarding offices. Offict is ￿￿]j1¢d i￿til the next Annual General Me¢ting when Trustees are eli¥ible for re-election. Upon re-eleciion, a Trustee is appointed for a ￿rnI of three yeaT5. At the end of terffl. a Trustee must retire from re. SAndy Bear Children's Bereavement Charity St#tement of Flngntlgl Aclivities for the Year Ended 31st M#reh 2024 31.3.24 Tothl nds 31J.23 Totsl nds Unrestricted fund Restricted fi]nd Notes INCOME AND ENDOWMENTS FROM Donations and lega¢ies 95,046 95,046 80.649 ChArilAble activities child￿n'S Bereavejnent Service 37.603 151,647 189.250 275,193 Other trading activities 21.002 21.002 9,IM3 Totgl 153.651 151,647 305.298 364,885 EXPENDITURE ON Raising funds 15,647 15,647 5,772 Charitable aet5v5tles Children'5 Bereavcrnent Sejvice 125,301 149.825 275,126 201,768 Totsl 140,948 149,825 290.773 207,540 NET INCOME 12,703 1,822 14,525 157.345 RECONCILIATION OF FUNDS Totsl funds brought forward 186,767 70,000 256,767 99.422 TOTAL FUNDS CARRIED FORWARD 199,470 71,822 271,292 256,767 The notes forni part ofthe5e financial stst¢m¢nts Page 11 Ashmole& Co. S9ndy Bear Children's Bereavement Charity BalaN¢e Sheet 31$t Mgrth 2024 31.3.24 Tothl nds 31.3.23 Total fi]nds Unrestricted fi]nd Restri¢ted fund Notes FIXED ASSETS Tangible assets 7.324 7,324 737 CURRENT ASSETS Debtors Cash at bank and in hand 12 410 197,705 10,000 133,347 10,410 331,052 261,310 198,115 143,347 341.462 261,310 CREDITOIiS Amouiits falling due within one year 15,9691 171,5251 177,4941 152801 NET CURRENT ASSETS 192.146 71,822 263,968 256.030 TOTAL ASSETS LESS CURRENT LIABILITIES 199,470 71.822 271292 256.767 NET ASSETS 199,470 71,822 271.292 256,767 FLINDS Unrestri¢led funds Restricted futh15 14 199,470 71.822 186,767 70,000 TOTAL FUNDS 271,292 256,767 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for th¢ year ended 315t March 2024. The Tnembe]5 hAve noi required the company to obtsin an audit of its financial statements for the year ended 31st March 2024 in accordance with Se¢iion 476 of the Companies Act 21M)6. The trustees acknowledge their Tesponsibilities for la) ensuring that Ihe charitable company keeps *¢ounting r¢¢ords that comply with Secti(x]s 386 and 387 of the Companies Act 2006 and PTepariog financial statements which ￿ve a true and fair view of the state of affairs of the charitsble company as at the end of each financial year and of it5 surplu5 OT deficit for each fJnancta] year in accordance with the qU1￿ments of Sections 394 and 395 and whicl) otherwise cotnply wryth ihe requirements of the Companies Act 2006 relating to financial statements, so faT a5 applt¢able to the ¢haritsble company. Ib) The notes form part of these financial statements Page 12 ¢ontiniie Ashmolo & Co. Sandy Btar Chlldren's BeregvemeDt ChArity BalAnce Sheet- contirjued 3151 M#reh 2024 These finan¢ial statements have been prepared in a¢¢ord&n¢e with the provisions applicable to charitable ¢ompanie5 subje¢t to the small companies regime. The financial statements wel? ap]xov¢d by the Board of Trustees and authorised for issue . and were signed on its behalf by: on l Matthews- Tru￿ee The notes fomi part of these financial ststements Page 13 Ashmole & Co. Sandy Begr ChildreN'5 Beregvement Charlty Nole5 to the Fin#n¢i41 Statements for the Year Ended 31st MRrch 2024 ACCOUNTING POLICIES Basis of preparing the tlnglltial stalemeNtS The financial statements of the ¢haritrble company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting ?￿d Reporting by Charilies.. Ststement of Recommended Practice appli¢able to charities prq>aring their ac¢ounis in accordance wilh the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102} leffeclive l January 20191.. Financial Re]x>rtin8 Stand￿d 102 'The Financial Reporting Standard applicable in the UK ond Republic of Ireland, and the CDmpani¢s Act 2006. The financial stalen)ents have Lxen prepared under tlie hi#orical cost convention. kneome All incotne is recognised in the Stateineni of Financial Activitie5 once (he charity has entitleMe￿t to the fvnds. it is probabl¢ that the income will be received and the a￿lo￿nI Can be measured reliably. Expenditure Liabilities are rewgnised as ¢xFnditure as soon as there is a le8al or constru¢tive obligation committing the charity to that expenditur4 il is probable that a transfrr of economic benefits will be required in settlement and the amount ofthe obligation can be mea5UTed reliably. Exwditure is accounted for Oll all accrua15 basis and has been Classified under headings that aggregate all cost related to the category. WheTe cosis cannot be diredly attributed to Particular headings they have been allocated to xtivtties on a basis consistent Nwth the ￿se of ]esources. Allocatlon gnd gpportionTheNt of costs Costs have ken allocated &$ far ￿ possible bthveen the expenditure categories of the SOFA on a basis desig￿ed to refl¢¢¢ the use of the resouTce. Costs relating to a particular a¢tivity are allocated d1￿ctly, ¢xh¢rs have beert apportioned based on the estimated usage ofthe ￿$oUrCe. Tangible fixed xssets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lif¢. Plant and rnachinery Compui¢r equipment 200/0 on Cosi 15% on reducing balance T#xatlo Th¢ ¢harity is exempt from corporation on its charithble acttvitie5. Fund aceounting Unrestricted thnds can k used in ac¢ordance with the charitable obj¢¢lives at the discretion of th¢ trustees. Restric￿d fi]nds can only be used for particular restricted pun>oses within the objects of the charity. Restrictions arise when specifjed by the donor or when funds ar¢ raised for particular restricted purposes. Further explanaiion of the natUTe and purpose of each fund is irtcluded in the ￿￿teS to the financial ststements. Pensiorj costs and other post-retiremtnt benefits The ¢haritsble conipany operates a defjned contribution pension scheme. Contributtons payable to the chaTltable company's pension s¢heme are chaTged to the Statement of Financial Activities in the peri(Kl to wthi¢h Ih¢y relate. Page 14 continu A8hmoK9 & Co. Sandy Bear Childr¢D's Bereavement Chgrity Notes to the Flnantlal StsterneNts- eontlnued for the Yegr Ended 31st March 2024 tM>NATIONS AND LEGACIES 31.3.24 31.3.23 Donations Gift aid 93,337 1,709 80,649 95,046 80,649 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Furtdraising ¢v¢nts 21,002 9.043 INCOME FROM CHARITABLE ACTIVITIES 31J.24 31.3.23 Activity Children's Bereavetnent Servi¢e Grants 189,250 275,193 Grants received, in¢luded in the aix)v< ar¢ as follows.. 31.3.24 31.3.23 Children in Need Pembrokeshire County Council National Lottery GTartt POstc￿le Community Tr￿st Charities Trust Peggy and Molly Thomas Charitable Tn Welsh Governtnenl Hywel Davies Legacy Fund Women in Walcs Swansea University Margaret and Gwendoline Trust CAmiaahenshire County c.ouncil Ceredigion Comunity Fund 30,000 23,480 37,689 25,000 35,500 36,000 35,565 25,000 1,000 2.875 49253 .(x)O 50,958 6.000 .560 5.000 563 10.000 .189.250 275,193 Page 15 continue A8hmole & Co. Sandy Bear Children's Bereavement Charlty Note5 to the Financial St#ttments- continued for the Y¢ar Ended 31st Mareh 2024 CHARITABLE AcfiviTIES COSTS Support Costs (see note 61 Direct Costs Totals Children'5 BeTeavemeni SeNice 223,674 51,452 275.126 SUPPORT COSTS Governance Costs Management Totals Children's B¢r¢avement Service 49,042 2.410 51,452 NET INCOMEI{EXPENDrruREI N¢t incomdlexpenditure} is stated after chargingl{¢reditiDgl.' 31J.24 31J.23 Independent examiners fee Depreciation- owned &85et5 2,410 453 2,221 TRUSTEES, REMUNERATtON AND BENEFtTS There were no trustees. ￿muneratIon or ether Ixnefils for the year ended 31st Mar¢h 2024 for the year ended 31st March 2023. Tru$te¢s' expenses Ther¢ were no trustees, expenses paid for the year ended 31st March 2024 ￿)r for the year ended 31st March 2023. srAFF COSTS 31.3.24 31.3.23 Wages and s21aTies Social secuTity ¢OSts other pension cost5 190.888 138.725 6,342 4,098 206,067 147.761 The average m¢)nthly number of employees during the year was as follows.. 31.3.24 31.3.23 Adinin 10 No employees received emoluments in excess of £60,IX)O. Page 16 corttinu Ashmolo& Co. Sandy Btar Children'5 Bereavement Charity Notes to the FinAncial Statements- contiDu¢d for the Yexr Endeil 31st March 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- 31.3.23 Un]tstyi¢ted ReslTlCted fund fund Total fijnds INCOME AND ENDOWMENTS FROM Donations and legacies 80.649 80.649 Charllgble activities Children's BeTeavemenl SeJvi¢e 28,875 246.318 275,193 Other trading actiwties 9,043 9,043 Totsl 118,567 246.318 364,885 EXPENDITURE ON Raising fvnds 5,772 5,772 Ch8ritable activities ChildTen's Bereavement SeNice 11.646 190.122 201,768 Totsl 17.418 190.122 207,540 NET INCOME 101,149 56,196 157.345 RECONCILIATION OF FUNDS Totsl ￿ndS brought fo￿￿0 85,618 13,804 99.422 TOTAL FUNDS CARIUED FORWARD 186,767 70.000 256,767 TANGIBLE FIXED ASSETS Plont and achinery Computer equipment Totals COST At 1st April 2023 Additions l(k52 580 7,040 2,642 7.040 At 31$t March 2024 1062 7,62 9.682 DEPRECIATION At 1st April 2023 Charge foryear 1.672 (655) 233 1,108 1,905 453 At 3 1st March 2024 1,017 lJ41 2.358 NET BOOKVALUE At 3151 Ma]th 2024 1.045 6279 7,324 At 31st March 2023 390 347 737 Page 17 continue Aghmde & Co. Sandy BeAr Children's Bereavement Chgrlty Note5 to the finlneial Stgtemtnts- continued for the Ytar Ended 315¢ Marth 2024 12. DEBTORS: AMOUNfs FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Debtors Prepayments 10,000 410 10,410 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Creditors Social security and othertaxes Other creditors Ac¢ruals ond deftrred income 2,853 4,611 910 69,120 1461 502 2,317 77.494 5,280 14. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unr¢$trl¢ted fllnd5 General fund 186,767 12,703 199.470 Restricted funds Resiri¢led Fund 70.000 1,822 71,822 TOTAL FUNDS 256,767 14525 271.292 Net movem¢nt in funds. included in the aEove *e as follows- Incoming resources Resource5 expended Movement in funds Unrestricted funds General fund 153,651 1140.9481 12,703 Restrlcted funds Re5tTiCted Fund 151.647 1149,8251 1.822 TOTAL FUNDS 305,298 {290,7731 14525 Page 18 fflinu 4shmD1e & Co. SAndy Bear Children'$ Bereavement Charity Notes to the Financial Ststements- tontlnued for the Year Ended 31st March 2024 14. MOVEMENT IN FUNDS- tolltinued CornparAtives for movement In funds Net movement io funds At 31.3.23 At 1.4.22 Unrestricted fvnds G¢n¢ral fund 85,618 101,149 186,767 R¢strl¢ted funds Restricted Fund 13,804 56,196 70.000 TOTAL FUNDS .422 157,345 256,767 Comparative net movement in funds. included in the above are as follows.. Incoming ]rsourc¢s Resouwes expen(kd Movement in fvnds Unre$trieled funds General fund 118,567 117,418) 101.149 Restricted funds R¢stri¢*d Fur 246.318 {190,1221 56,196 TOTAL FUNDS 364,885 (207.5401 157,345 A Current yeaT 12 month5 and prior year 12 months ¢ombined W>Sition is as follow5.. Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 85,618 113,852 199,470 Restricted fund$ Restricted Fund 13,804 58,018 71,822 TOTAL FUNDS 99,422 171,870 271.292 Page 19 continue Ashmole & Co. Sandy Besr Children's Bereavement CharRty Notes to the Financial StAtements- ¢ontlnued for the Year Ended 31st March 2024 14. MOVEMENT IN FUP4DS- contlDu¢d A ¢urrent year 12 month5 and prior year 12 months combined rtet movement in fi]nds, in¢luded lli the above are as follows= Inwming resources Resources expended Movement in funds Unrestrxcted funds General fund 272,218 1158,3661 13,852 Restritled funds Restricted Fund 397.965 1339,9471 58.018 TOTAL FUNDS 670.183 1498,3131 171,870 Restricted funds ￿rried fotwdrd ot 31st March 2024 are the balance of ￿ndS ￿CeIVed from the Hywel Dda Legacy Fund alid Welsh Governrnenl and also tht Ceredigion c.ommunity GTant. Th￿¢ fi]nds are for the eosts of running the prernises and include additional support ioward5 these costs as a result of the cost of living Crisis. 15. RELATED PARTY DISCLOSURES During the year, donations totallit)g £25,885 were ￿¢t1¥ed from Valero Energy. On¢ of the ChaTity'S Tmstees. Mr S Thornl(x), is also a senior rnetnber of Valero Enew. Page 21) Ashmde& Co. Sandy Bear Children'$ Bere#vement ChArity DetaSled Stslement of Finan¢lal A¢tlvilie5 for the Year Ended 31st March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donatlons and legacies Donations Gifi aid 93,337 1.709 80.649 95.046 80,649 Other tradjng activities Fundraising events 21,002 9.043 Charitsble octivitle$ Grants 189,250 275,193 Tot41 Ineoming resources 305.298 364,885 EXPENDITURE Other trgdSng letivltles FUndraiS￿g activities 15,647 5.772 Charitabk 8ttivitie5 Wages ial security Pensions Sthff expenses and training Insurance Light and heat Telephone Pi)stage and stationery Advertising Subs¢riptions and affJliattot)s Sessional and activity costs Rent Water rate5 Volun*er expen5e5 Depreciation 162.027 9,342 3.440 3,308 167 5,656 278 436 8.936 1,070 10,918 12.087 487 5.069 453 104,117 5.061 1,937 3,090 1.206 4.212 1.786 3.353 4,789 473 9,982 10,083 951 223,674 152.257 Support t05ts M#n#gement Wages ial security Pensions Otriee costs Repair5 and renewaL Payroll fees c.a￿]ed forward 28,861 1.739 658 14,021 1,002 914 47,195 34,608 1,281 757 6,509 510 675 44340 This PAge does not forffl parf ofthe ststutory financial statetnents Page 21 Ashmole & Co. Sandy Bear Chlldren's Bere8vement Charity Det8lled Statement of FinaNci#l Attivities for the Year Ended 31st Marfh 2024 31J.24 31.3.23 M*nggement Brought fon¥ard Professional fees 47.195 1,847 44,340 2.950 49,042 47.290 Governanee costs Independent examiners fe¢ 2.410 1221 Total resouT¢es expended 290.773 207,540 Net income 14.525 157,345 This page does not fotm part of the ststutory financial statements Page 22 Ashmde& Co.