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2022-03-31-accounts

Charity Registration Number: 299679 Scottish Charity Number: SC042789 Company Registration Number: 2212082 (England & Wales)

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report & Financial statements Year Ending 31 March 2022

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Contents

Trustees Oliver Reichardt (Chair) Susanna Speirs (Vice Chair) Sangeeta Agnihotri Tom Burdett Roxanne Burrows (appointed 13[th] November 2021) Emma Gibbs Dr David Hall Shetal Joshi Joel Mitchell (resigned 15[th] October 2021) David Price Dr Sarah Stock Sarah Threadgould Kelly Williams Chief Executive Dr Clea Harmer Company Secretary Piers Vimpany FCA DChA Charity Number 299679 Scottish Charity Number SC042789 Company Number 2212082 Registered office 10 -18 Union Street London SE1 1SZ Statutory Auditor MHA Macintyre Hudson 6th Floor 2 London Wall Place London EC2Y 5AU Principal Bankers Lloyds Bank Plc 25 Gresham Street London EC2V 7HN Principal Solicitors Russell-Cooke 2 Putney Hill London | SW15 6AB

Content
Page
Legal and administrative information 1
Contents 2
Trustees’ Report 3-21
Statement of Trustees’ responsibilities 22
Independent Auditor’s Report 23-27
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial statements		 28-29
30
31
32-49

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

The Trustees, who are also Directors of the charity for the purposes of the Companies Act, submit the annual report and Financial statements of Sands (Stillbirth and Neonatal Death Society) for the year ended 31 March 2022.

The Trustees confirm that the annual report and Financial statements of the charity have been prepared in accordance with the accounting policies set out in Note 2 to the Financial statements and comply with the charity’s constitution, applicable law and the requirements 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 (FRS102) (effective 1 January 2019)”.

1. Objects and values of the charity

The objects of Sands are: -

  1. to promote the emotional, psychological and physical well-being of parents, their families and friends, when a baby dies in utero, at birth or soon after birth, by:

  2. 1.1 the provision of support and information to those so bereaved and their carers; and

  3. 1.2 by working collaboratively with health and social care professionals to improve and enhance professional practice with bereaved parents; and

  4. to promote research and the implementation of best practice that will help identify the causes and reduce the incidence of the death of a baby in utero, at birth or soon after birth, and to publish the results of such research.

Sands’ vision is for a world where fewer babies die and where anyone who is affected by the death of a baby receives the best care and support for as long as they need.

To realise the charity’s vision Sands’ outlined four key objectives within its 2017-2020 Strategy (which was applicable for 2021/22 as developing the new strategy was deferred due to the pandemic), these were to:

Underpinning these objectives are Sands Values , whereby the charity committed to:

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

2. Public benefit

The Trustees confirm that they have complied with their duty under Section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit. Sands has continued to provide public benefit in line with the objects of the charity through the implementation of the 2017-2022 Sands Strategy. Total charitable expenditure at Sands was £2.77m in 2021/2022 (2020/21: £2.36m).

2.1 Main achievements in 2021/2022

The three-year 2016-2020 Sands Strategy was due to be reviewed and updated during the course of 2020. However, because of the Covid-19 Pandemic and the resulting changeable environment, it was decided to adopt an agile and responsive approach to strategic planning for the year and to carry out the strategy review and update in 2021.

Within this report, the four strategic objectives provide a basis to demonstrate our commitment to the core aims and how we delivered on these despite the fact that a significant part of the year was still within a pandemic.

1. Reduce the number of babies dying before, during and shortly after birth;

2. Ensure the right care and support is available at the right time after the death of a baby;

3. Grow as one strong, sustainable and effective organisation;

4. Raise awareness of the issues relating to stillbirth and neonatal death.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

Strategic Objective 1

To reduce the number of babies dying before, during and shortly after birth

Much of the work during 2021/2022 was against the backdrop of Covid-19 and the slow return of the NHS to some sort of normality albeit with issues around staffing levels. An enormous amount has been achieved despite this, with a focus on driving forward work around maternity safety and inequalities.

Although the actual numbers of babies dying in 2020 reduced to 13 babies a day, this was in part due to the fact that the overall numbers of births also reduced. The actual rates of stillbirth and neonatal death have remained fairly unchanged. Whilst it is very good that fewer families have had to suffer the devastation of the death of a baby, it is clear that there still remains much to do to continue to drive down the unacceptably high rates of stillbirth and neonatal death.

The main activity/achievements relating to this objective were to increase understanding of why babies die through supporting and monitoring research, audit and review; to ensure pregnant women are aware of how to reduce the risk of stillbirth and neonatal death; and to identify and implement actions that are needed to reduce the number of babies dying.

Sands’ work in this area continues with a focus on increasing understanding of how to save babies’ lives alongside ensuring that existing knowledge is applied to practice. This is achieved through research, review, audit, influencing activity, and collaboration, and has included:

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

It has also included significant collaboration and work with external stakeholders including:

Alongside this Sands has ensured that the voice of bereaved parents has been heard through membership of the MBRRACE-UK collaborative, the Maternity Transformation Stakeholder Council, the Steering Group of the National Child Mortality Database, the Scottish Stillbirth Group, and the Scottish Perinatal Network.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

Strategic Objective 2:

To ensure the right care and support is available at the right time after the death of a baby.

The main activity/achievements relating to this objective were to provide support and information for bereaved parents, and for those pregnant after the death of a baby; and to ensure NHS staff are supported to deliver excellent bereavement care.

Bereavement care

Through 2021/2022, bereavement care has also been provided against a backdrop of Covid, with the bereavement care teams and facilities in many hospitals and units still affected. Despite this, significant progress has been made in both embedding the National Bereavement Care Pathway (NBCP) and in extending training provision.

National Bereavement Care Pathway (NBCP)

In England, all Trusts have now expressed an interest in the NBCP, with 99 of the 128 Trusts fully signed up. To have reached this point in the roll-out of a national programme in the NHS in 4 years, 2 of which were during a pandemic, is a real achievement and has moved the narrative from one of talking about ‘improving care’ as being desirable, to talking about ‘excellent and equal care’ as being a universal expectation. Evaluation of the NBCP shows significant impact for both parents and healthcare professionals. NBCP Scotland Early Adopter sites have been launched, with all Health Boards being encouraged to consider implementing the programme. In Wales and Northern Ireland discussions are underway to discuss the best way to support national bereavement care pathways.

With the training and education team, the NBCP has also developed a bespoke consultancy offer, where individual hospitals or Trusts can be supported to improve their care.

Alongside the work to embed the NBCP, the role of the Hospital Liaison Volunteer has been refreshed and developed, providing a key link for Sands in hospitals and in linking bereavement care training and provision with ongoing bereavement support by Sands.

Training and Education

During the pandemic Sands’ training moved online and the very successful online open access webinars have continued, reaching 1,150 healthcare professionals from all around the UK. Alongside this the monthly Professionals Bulletin has ensured that everyone can stay informed and up-to-date with new developments and activity.

Training for Bereavement in the Workplace (BITW) has also been further developed to create a package for employers to enable them to build a supportive and compassionate workplace.

Training for Sands volunteers has been improved and developed, including training for befrienders, hospital liaison volunteers, and a counselling module is planned to enable counsellors to offer support specifically for baby death and pregnancy loss.

All of the training is showcased and accessed through a new Training and Education website.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

Bereavement support

The impact of Covid on the bereavement support that Sands offers has been considerable, with not only an increase in demand, but also an increase in the complexity of requests for support.

Diversifying support to reach everyone

Sands continues to diversify the channels through which support is provided and these now include:

Sands has also continued to work with different communities to provide relevant and personcentred support. Special Interest Bereavement Support Officers have been appointed to focus on both the Black/Black British community and the South Asian Community, and surveys have helped to gather information on the needs of these communities. A Muslim Care Box has been developed to be offered instead of a Memory Box where appropriate.

Befriender training has been refreshed and is now offered as a hybrid mix of online and face-toface sessions. New befrienders are being trained and current befrienders being offered refresher training. Currently there are 380 befrienders across the UK. All befrienders are being offered supervision and support in the form of monthly support meetings with the Bereavement Support Services team.

Resources to support siblings has been developed, along with specific ‘Dad’s packs’ for fathers who have been bereaved, and enhanced support for the long-ago bereaved. 2,877 updated Memory Boxes have been distributed.

A Bereavement Support Officer for Scotland has been appointed to support Sands’ work across Scotland, and Scotland-wide online support meetings are held monthly to ensure even those who are more geographically remote can access this form of support if they wish.

A counselling project coordinator has worked with the training and education team to develop training for counsellors to enable them to meet the needs of those bereaved through pregnancy loss or baby death.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

Strategic Objective 3

To grow as one strong, sustainable and effective organisation

The main activity/achievements relating to this objective were to ensure a sustainable financial base with diverse income streams; to structure Sands to enable effective and strategic working; to build trust and develop opportunities for collaboration; and to ensure good governance. This was done through:

2021/2022 has seen Sands increase its income to £6,754,116 which reflects the hard work and innovation of, not only the fundraising team, but the whole organisation in being the sort of charity that people have wanted to fundraise for and support. This increase has been due to strong performances across all the different fundraising streams, but in particular digital fundraising with events such as Jog 50 and Walk 100K in June performing particularly well. Community and Hero events such as Starlight Walk and Ribbon Run have been developed, along with work with schools. Work with corporates has also been very successful across the year, in part due to the development of the Bereavement in the Workplace package, and has included relationships with Allen and Overy, and Freshfields

This strong financial position has enabled Sands to start to grow again after the contraction that was initially necessary during the pandemic. The emphasis has been on growing safely and sustainably with a focus on maintaining our culture and values as we strive towards our mission.

In order to support this growth there has also been a focus on careful and phased recruitment alongside ensuring the infrastructure is fit for purpose and can support Sands’ growth with the ThankQ database being upgraded. The year also saw a move to new offices in the Royal College of Obstetricians and Gynaecologists in Union Street, London.

2022/2025 Strategy

The 2022/2025 Strategy was developed during the year, consulting extensively with all stakeholders through both surveys and engagement events. The first strategic objective is to build Sands as a welcoming and supportive community, and a key element of ongoing work has been exploring how to strengthen Sands’ presence in all local communities, and reviewing how people want to feel part of the Sands’ community. The latter discussions have taken the form of Listening Events and further surveys and have resulted in a review of the membership model.

Sands continues to provide leadership of several key initiatives and groups within the sector including Baby Loss Awareness Week, the National Bereavement Care Pathway, and the Pregnancy and Baby Charity Network.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

Strategic Objective 4

To raise awareness of the issues relating to stillbirth and neonatal death

The main activity/achievements relating to this objective were to campaign on issues relating to stillbirth and neonatal death, raising awareness and reducing stigma, and working with key influencers to drive change.

Throughout the year Sands has continued to successfully raise awareness of the issues relating to stillbirth and neonatal death, and of the work that the charity does to address pregnancy loss and baby death. This is embedded across all strands of work, but is highlighted through both Sands Awareness Month and Baby Loss Awareness Week, and by the Sands United Football Teams with Rob Allen, the Patron receiving both a Points of Light Award and a Pride of Britain Award.

In 2021 the theme for Sands Awareness Month was #AlwaysThere which provided an opportunity to focus on several issues: the enduring connection parents have with a baby who has died; the importance of continuity of carer as a model of care; and the reassurance that Sands is always there for those who need us. Many successful activities and initiatives were launched and run during the month, including the new grief journey animation.

Baby Loss Awareness Week 2021 ( BLAW 2021 ) was the most successful week to date, with a worldwide media reach of 3.4 million for Sands. The theme for the week was Wellbeing, and Sands led the 120+ charities who now make up the BLAW Alliance to provide opportunities for remembrance and to raise awareness. Particular highlights included turning not only 200 public buildings and landmarks pink and blue, but also people’s homes, clothes, nails and hair; the NatWest Panel discussions; and the debate in Westminster which took place a couple of weeks before BLAW. A new development is the creation of the BLAW Prevention Group, a group of 20 BLAW charities committed to reducing pregnancy loss and baby death and to finding ways to work together to help achieve this aim. The first venture was to create a monthly Spotlight to raise awareness of preventable causes of baby death.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

3. Structure, governance and management

Sands was formally established in 1988, having been founded in 1978, and is constituted in England and Wales as a company limited by guarantee, Company Number 2212082. The company’s registered address is 10 -18 Union Street, London, SE1 1SZ. Sands is also registered with the Charity Commission as a Charity in England and Wales (Charity Number 299679) and with the Office of the Scottish Charity Regulator (Charity Number SC042789). The charity provides additional meeting space to support its national remit and nationwide operations, including its network of over 100 Sands’ Groups – notably in N. Ireland (Portadown) and Scotland (Glasgow) and roughly 30 Sands United Teams.

3.1 Sands Board of Trustees

Sands is governed by a Board of Trustees who are elected by the members at the AGM in accordance with the Articles of Association, which is the charity’s governing document. The Trustees act as Directors of the charitable company.

The Articles of Association set out the process whereby the members elect a total of up to 12 Directors from within the membership of the charity, of which at least 50% must be personally bereaved. The Directors also act as Trustees to the charity. Each year, one-third of the Directors must retire and may be eligible for re-election.

All recruitment to the Board of Trustees is subject to the Trustee Recruitment, Selection and Induction policy and newly co-opted/elected Trustees are provided with an induction pack which includes the latest guidance,[1] as well as key information from the Charity Commission[2] . Trustees are provided training opportunities in order to widen their skill sets and knowledge.

The functions of the Board are set out in Clause 22 of the Articles of Association and include setting the overall strategic development of the charity; reviewing and adopting the annual business plan and budget; monitoring the performance of the charity in relation to plans and budgets; ensuring that the charity’s affairs are conducted in accordance with generally accepted standards of performance and propriety; overseeing the performance and activities of local Sands Groups and ensuring that appropriate advice is taken, particularly with regard to matters of legal compliance and financial viability.

The Board of Trustees also delegates authority to standing sub committees and/or ‘task and finish’ working groups, as appropriate, who operate within the Reservation and Delegation of Board Powers and associated Framework of Authority.

2 The Charity Governance Code (3rd Ed.) at https://www.charitygovernancecode.org/en/pdf

1 The essential trustee: what you need to know, what you need to do (CC3, July 2015) at https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/509664/cc3_lowink.pdf

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

Trustees may serve no longer than seven years from the AGM at which they are first elected. None of the Trustees have any beneficial interest in the company. Short biographies of all Trustees are on the Sands website:

Trustees that served during the financial year under review and up to the date of approval of these financial statements:

Oliver Reichardt Elected 23 November 2018; Re-elected 13 November 2021 (Chair from Nov 2018) Susanna Speirs (Co-opted 24 September 2016; Elected 29 October 2016; (Vice Chair from Dec 2018) Re-elected 4 November 2019). Sangeeta Agnihotri Elected 14 November 2020 Tom Burdett Elected 17 November 2018; Re-elected 14 November 2020 (Treasurer from July 2020) Roxanne Burrows Elected 13 November 2021 Emma Gibbs Elected 17 November 2018; Re-elected 14 November 2020 David Hall Elected 17 November 2018; Re-elected 13 November 2021 Shetal Joshi Elected 14 November 2020 Joel Mitchell Elected 23 November 2019; Resigned 15 October 2021 David Price Elected 17 November 2018; Re-elected 13 November 2021 Dr Sarah Stock Elected 23 November 2019 Sarah Threadgould Elected 14 November 2020 Kelly Williams Elected 14 November 2020

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

3.2 Board Sub-Committees

In 2021/2022, the following Sub Committees and Working Groups supported the work of the Board:

3.3 Day-to-day operations of the charity and key management personnel

The Chief Executive, Dr Clea Harmer, together with the senior leadership group, is responsible for, and provides oversight of, the delivery of Sands’ organisational strategy and the annual business plan for the organisation, ensuring compliance with statutory requirements and best practice approaches at national level. The key members of the team are:

In accordance with the organisation wide pay policy which applies to all staff across the organisation including key management personnel, the pay and remuneration of the charity’s key management personnel has been benchmarked and set with refence with an independent market review of staff salaries that was completed in September 2019 and then subsequently in January 2022.

3.4 Staffing and staff profile

The charity employed an average of 72 staff during the period under review - equivalent to 52 FTE (full-time equivalent members of staff).

41% of staff worked directly with beneficiaries to achieve the objectives of the organisation and 33% worked to promote the charity’s aims through Fundraising and Communications activities. Support staff accounting for 26% of total staff.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

3.5 Sands volunteers and groups

Sands has around 1,000 volunteers and 100 groups who provide national support for Sands’ vision, mission, and strategic objectives.

Sands’ volunteers deliver peer bereavement support through structured support meetings, informal activities, memorial and remembrance events. In so doing they build lasting bonds and enduring networks between bereaved families. Volunteers also create valuable links that facilitate a range of further support to health professionals looking to offer excellent bereavement care.

Sands’ volunteers help to prevent the loss of babies’ lives through raising awareness of the shocking number of babies dying each year on both a national and a local level. They are also vital to the fundraising efforts of the charity; ensuring that it can achieve its ambitious aims and continue to grow.

Sands is very grateful for the wonderful work of its amazing volunteers, without whom it would not be possible for Sands to achieve nearly as much.

4. Review of Finances, Fundraising and Risk

4.1 Financial Review

o Income

Total income for the year to 31 March 2022 was £6,754,116 (2021: £6,380,126) which represents a 6% increase year on year.

However if the one off grants received in the previous year in relation to the Covid-19 crisis were excluded this growth would be approximately 21% year on year .

The reason for this success has been the unprecedented success of the challenge events team, who have been able to engage new audiences with high profile events such as Jog 50, 10,000 steps and a number of other challenges for parents and supporters.

o Expenditure

Total Expenditure for the charity to 31 March 2022 was £4,589,230 (2022: £3,558,146) which represents an increase of 29% year on year.

The principle reason for the increase in expenditure was building up activities in response to the increased income the charity received in the prior year. This included substantial increases in bereavement support (44% increase). However, funds spent by and on Groups and Volunteers remained subdued (9% decrease) due to lower face to face activity in the pandemic.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

o Net Surplus

The net surplus amounted to £2,164,886 vs a prior year surplus of £2,821,980. The surplus on unrestricted funds amounted to £2,283,887.

It is planned to further increase spending in 2022/23 to over £6.5m. This will see expenditure increase to levels of expected income and restore the long term trend as demonstrated by the chart below which shows Sands income and expenditure over the last 20 years.

Total Reserves held by the charity as at 31 March 2022 were £6,241,090 (2021: £4,076,204). An analysis of the movement of Restricted and Designated Funds is shown in Notes 20 and 21 respectively. The Statement of Cash Flows on page 29, shows net cash inflows from operating activities of £1,862,416 (2021: £2,412,274) in year, which is further detailed in Note 23. The

emergency Covid loan taken out in July 2020 was repaid in full in June 2021 without incurring any interest.

4.2 Reserves Policy

The policy for Reserves has been revised by the trustees taking account of the following long-term considerations:

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

The reserves of the charity are regarded as having three layers each set separately at four months of operating expenditure:

The first layer (top level) is intended to smooth out limited and temporary shortfalls in income to provide funds to protect services at current levels and/or to make further investment in fundraising. The funds for this layer are invested in readily available cash deposits or longer-term deposits.

The second layer (middle level) would allow the charity to consider a measured reduction in expenditure when a fall in income appears to be of a substantial or longer-term

nature. Depending on the overall reserves levels, Trustees will consider whether these amounts should be held in cash or invested in strategic income generating activities, longer-term deposits, gilts or equities, with a view to long-term growth.

The third layer (base level) is held as core reserves and provides a strategic minimum reserve fund. The funds for this layer are held as readily available cash deposits. The charity is in the process of restructuring its funds to match the policy, at the year-end funds were largely held in bank deposits.

o Total Reserves Objective and actual reserves

The target level of Sands’ reserves is thus set at between 8 and 12 months cash operating expenditure (excluding depreciation).

Total reserves stood at £6,241,090 (2021: £4,076,204) however these funds include restricted funds (where a commitment has been made to spend these monies on a particular purpose) amounting to £182,533 (2021: £301,534) and also designated funds held as fixed assets and commitments for groups projects amounting to £255,268 (2021: £214,357).

The remaining free (general fund on the balance sheet) reserves at the year-end stood at £5,803,289 (2021: £3,560,313). This represented 10.6 months (2021: 9.3 months) of projected expenditure for the next twelve months. The reason for the increase from last year was principally due to the success of key fundraising initiatives in the year and the time needed to be taken to recruit additional staff. The budget for 2022/23 has been set to achieve a surplus which should see reserves be maintained with the 8-12 month target identified in the reserves policy.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

4.3 Going concern

2022 has been another very successful year for Sands financially and operationally. The Trustees are confident that the charity will remain a going concern for the foreseeable future.

4.4 Statement of Fundraising Practice

o Approach to fundraising

Sands is registered with the Fundraising Regulator and we use the logo to demonstrate the charity’s commitment to upholding the Fundraising Regulators’ Promise . In January 2022, Sands became an organisational member of the Institute of Fundraising (IoF), demonstrating an absolute commitment to fundraising best practice through support of the Code of Fundraising Practice . Sands also has relevant policies and procedures that underpin its Fundraising policy and activities.

Sands’ Fundraising Promise outlines how we are committed to treating donors and the public with respect, fairness, honesty, and clarity in our fundraising activities. Sands will ensure it keeps its fundraising practices under review and will work with others with the aim of improving practice across the charity sector.

Sands takes all reasonable steps to monitor fundraising carried out on behalf of the charity to ensure no harm comes to staff, volunteers and those that fundraise for the charity. Clear signposting to relevant fundraising guidance and forms is available on the Sands website. Adherence to all relevant policies and procedures to safeguard and protect are monitored by the designated fundraising staff lead for the event.

Sands recognises the need to respond swiftly and appropriately to complaints and has a clear complaints process. There have been no complaints about fundraising in 2021/2022.

Sands takes its responsibility to protect the public, and especially vulnerable people, very seriously. Sands reviews all existing and new fundraising activity and ensures full oversight through a rigorous development and sign-off process.

Sands acknowledges the unique connection between the bereavement and fundraising journey for individuals and families raising money for Sands. Sands has an ongoing commitment to upskilling staff across all teams to respond sensitively to fundraisers who may also be bereaved and in recognising and flagging safeguarding issues.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

Sands has a Safeguarding Lead and safeguarding training for all staff. Whilst bereavement is not in itself a reason for classifying someone as a vulnerable adult, Sands recognises that it places significant pressure on individuals who may move in and out of vulnerability during their journey with Sands.

4.5 Risk identification and management

The Trustees are committed to an effective programme of risk management to ensure the continuity and sustainability of the organisation and its ability to achieve its strategic objectives. The Finance, Audit & Risk Sub Committee of the Board of Trustees reviews the charity’s Risk Register on an annual basis and the key risks to the organisation are reviewed on a quarterly basis to ensure that appropriate measures are taken to mitigate and manage risk.

The Trustees have identified the principal risks as:

During the Covid 19 crisis, like many organisations Sands, moved to a largely working from home environment. We were fortunate to have well managed IT systems in place in order to manage this transition however in light of the change of ways of working Sands has taken several key steps to ensure data is held securely. These have included:

However as the inherent risk of this area is high and whilst Sands further builds its IT capabilities the risk in this area needs constant vigilance.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

o Reliance on key digital fundraising platforms

Sands has been very successful at transitioning to digital fundraising particularly during the pandemic. In order for this to remain successful we are reliant on key external platforms to both market and manage our fundraising activities.

As these are managed externally we remain vigilant to the risks of reliance on platforms to ensure we have diversity of income streams so Sands can continue to manage effectively into the future providing confidence to key stakeholders such as donors, volunteers and staff.

5. Plans for the future

Plans for the future

Sands’ new 2022/2025 Strategy was launched in March 2022 and it provides a clear and ambitious roadmap for how Sands intends to save babies’ lives and to improve care and support for anyone affected by the death of a baby. The strategy recognises the ways in which Sands can uniquely make a difference, and it outlines how we will grow in a way that is not only sustainable, but also that maintains our sense of purpose and direction whilst ensuring that our values are truly embedded in everything we do.

The four strategic objectives, outlined below, will guide Sands’ work for the next few years.

Being a welcoming and supportive community

It is clear that the idea of Sands as a community is at the very heart of all that we do – it is who we are, and it is how we make a difference. It is therefore important that we focus on ensuing all those affected by pregnancy loss and baby death feel welcome in Sands, and that everyone feels valued and equal however they engage with Sands

Alongside this, we need to make sure that we are taking the time to understand and meet people’s needs, listening to different communities and experiences and working to develop the support and resources that they need. We need to actively reach out and offer support and involvement rather than waiting for people to come and find us.

The vision of Sands across the UK is of a strong and supportive local presence which allows both beneficiaries and supporters to connect to Sands in the context of the area and community in which they live and enables in-person contact and events. In addition there is a strong and effective national presence which provides the structure, reach and cohesion needed to drive the changes we want to see and ensures that all areas of the UK benefit from the work of Sands.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

Finally work will continue to raise awareness about pregnancy loss and baby death, and about the work of Sands, and through this to break the silence and stigma and isolation that many bereaved parents and families feel.

Saving babies’ lives and ensuring inequalities in pregnancy loss and baby death are reduced In order to save more babies’ lives Sands will need to continue to build a better understanding of why some babies die. The Sands Research Strategy will be implemented which will include coproducing a refreshed set of Priority Research Questions and continuing to support a broad range of research studies. It is also important to ensure that robust reviews are carried out after the death of a baby, with both parental engagement and external involvement, and that the learning from these reviews is used to drive improvements.

It is also important to improve safety in pregnancy, birth and the neonatal period, ensuring that existing knowledge is applied to practice, and that systems and cultures are established which promote safe care.

There must be a continued focus on the inequalities in perinatal mortality, and on building a better understanding of how to address these inequalities. The Sands and Tommy’s Joint Policy Unit will support this work, as will the Maternity Consortium. Sands has an important role to play in authentically listening to the voices of all bereaved parents and enabling this voice to be heard by decision makers and to be included in relevant research.

Ensuring everyone has equal access to excellent bereavement care and support after pregnancy loss and baby death

In order to ensure that everyone can access the support that they need, Sands will build develop new channels of support, taking a person-centred approach and listening to what people tell us that they need. This will include engaging with different communities and continuing the work started last year with Bereavement Support Officers focusing on Black and Black/British, and South Asian communities. Introducing counselling to enhance bereavement support where appropriate will be an important step to help address the increasingly complex requests for support that are being received.

Bereaved parents and families deserved excellent care from not only the healthcare professionals, but also from their employers and other professionals they come into contact with. To enable this work will continue on embedding the National Bereavement Care Pathway, but also on developing the Bereavement in the Workplace offer and campaigning to ensure that statutory entitlements reflect the needs of bereaved parents.

We will campaign to ensure that excellent bereavement support and care is seen as an entitlement rather than a ‘nice to have’.

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Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Trustees’ Report for the Year Ending 31 March 2022

Growing and developing sustainably to have impact now and in the future

Sands is fortunate to be in a position to plan for growth, but this must be a careful growth which can be sustained into the future with Sands’ values and unique culture and its heart. As it grows, Sands must be known for the impact it makes, for its integrity, and for its willingness to learn and continually improve.

The focus will be on developing long-term, sustainable and predictable income streams which include committed giving, challenge events, institutional funding, legacies and major supporters. Optimising opportunities to support Sands digitally will continue to be key.

Sands is incredibly lucky to have wonderfully committed and passionate supporters and volunteers, and committed and passionate staff – ensuring that everyone is connected, informed and supported with the right resources and infrastructure will enable us to make more of a difference together.

Disclosure of information to the auditor

Each Trustee has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

Auditor

In accordance with section 485 of the Companies Act 2006, MHA Macintyre Hudson were appointed as Auditor to the company to fill a casual vacancy due to the resignation of the previous auditors, HW Fisher & Co.

Oliver Reichardt Chair – Board of Trustees 15 October 2022

21

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Statement of Trustees’ Responsibilities for the Year Ending 31 March 2022

The Trustees, who are also directors of the Stillbirth & Neonatal Death Society for the purpose of company law, are responsible for preparing the Trustees’ Report and Financial statements in accordance with applicable laws and United Kingdom Accounting Standards (UK GAAP), including FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”.

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate and proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the Financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of Financial statements may differ from legislation in other jurisdictions.

22

Independent Auditor’s Report To the Members of the Stillbirth and Neonatal Death Society

Opinion

We have audited the financial statements of Stillbirth and Neonatal Death Society (the ‘charity’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

23

Independent Auditor’s Report To the Members of the Stillbirth and Neonatal Death Society

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information contained within the annual report and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report included within the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

24

Independent Auditor’s Report To the Members of the Stillbirth and Neonatal Death Society

Responsibilities of Trustees

As explained more fully in the Statement of Trustees' Responsibilities, the Trustees, who are also the Directors of the Charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

25

Independent Auditor’s Report To the Members of the Stillbirth and Neonatal Death Society

Auditor's responsibilities for the audit of the financial statements (continued)

As part of our planning process:

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the trustees of the charity.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

26

Independent Auditor’s Report To the Members of the Stillbirth and Neonatal Death Society

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and with regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body, and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Stuart McKay BSc FCA DChA (Senior Statutory Auditor) for and on behalf of

MHA Macintyre Hudson Statutory Auditor London, United Kingdom

Date: 09/11/2022

27

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Statement of Financial Activities Including Income & Expenditure Account For the year ended 31 March 2022

Notes Unrestricted Restricted Total Total
Funds Funds 2022 2021
As restated
£ £ £ £
Income from
Donations and legacies 3 2,549,134 52,678 2,601,812 3,121,192
Other trading activities 4 4,116,845 - 4,116,845 2,729,909
─────── ────── ─────── ───────
6,665,979 52,678 6,718,657 5,851,101
Income from charitable activities 5 15,059 20,400 35,459 529,025
Total income and endowments 6,681,038 73,078 6,754,116 6,380,126
─────── ─────── ─────── ───────
Expenditure on:
Raising funds		 1,819,240 - 1,819,240 1,193,544
─────── ────── ─────── ───────
Charitable activities
Research & prevention		 299,444 - 299,444 257,140
Training & education 618,733 82,592 701,325 588,971
Groups and volunteers 642,951 - 642,951 704,085
Bereavement support 712,792 109,487 822,279 569,652
Policy and campaigns 303,991 - 303,991 244,754
─────── ────── ─────── ───────
2,577,911 192,079 2,769,990 2,364,602
Total expenditure 6 4,397,151 192,079 4,589,230 3,558,146
─────── ─────── ─────── ───────
Net income/ expenditure 2,283,887 (119,001) 2,164,886 2,821,980
Fund balance at 1 April 2021 3,774,670 301,534 4,076,204 1,254,224
─────── ─────── ─────── ───────
Fund balance at 1 April 2022 6,058,557 182,533 6,241,090 4,076,204
══════ ═════ ══════ ══════

The Stillbirth and Neonatal Death Society is a company registered in England & Wales (registration number 2212082). The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. All income and expenditure derives from continuing operations.

28

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Statement of Financial Activities Including Income & Expenditure Account For the year ended 31 March 2022

Prior year comparatives Unrestricted Restricted Total
Funds Funds 2021
£ £ £
Income from
Donations and legacies 2,866,244 254,948 3,121,192
Other trading activities 2,729,909 - 2,729,909
─────── ────── ───────
5,596,153 254,948 5,851,101
Income from charitable activities 12,354 516,671 529,025
Total income and endowments
Expenditure on:
Raising funds
Charitable activities
Research & prevention
Training & education
Groups and volunteers
Bereavement support
Policy and campaigns
Total expenditure
Net income/ expenditure
Fund balance at 1 April 2021
Fund balance at 1 April 2022		 5,608,507
───────
1,193,544
───────
256,140
272,192
704,085
202,038
244,754
───────
1,679,209
2,735,754
───────
2,735,754
1,038,916
───────
3,774,670
══════		 771,619
───────
-
──────
1,000
316,779
-
367,614
-
──────
685,393
685,393
───────
86,226
215,308
───────
301,534
═════		 6,380,126
───────
1,193,544
───────
257,140
588,971
704,085
569,652
244,754
───────
2,364,602
3,558,146
───────
2,821,980
1,254,224
───────
4,076,204
══════

29

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Balance sheet As at 31 March 2022

Notes 2022 2021
£ £
Fixed Assets
Tangible assets 13 70,787 33,395
──────── ────────
Current Assets
Stock 14 63,371 24,873
Debtors 15 831,114 929,379
Cash at Bank and in Hand 5,535,983 3,731,678
──────── ────────
6,430,468 4,685,930
Creditors - Amounts Falling
Due Within One Year 16 (260,165) (643,121)
──────── ────────
Net Current Assets 6,170,303 4,042,809
──────── ────────
Net Assets £6,241,090 £4,076,204
═══════ ═══════
Funds of the Charity
Unrestricted general funds 20 5,803,289 3,560,313
Designated funds 21 255,268 214,357
──────── ────────
Total unrestricted funds 6,058,557 3,774,670
Restricted funds 18 182,533 301,534
──────── ────────
£6,241,090 £4,076,204
═══════ ═══════

The notes form part of these financial statements.

The financial statements were approved by the Board on 15 October 2022.

Oliver Reichardt Chair - Board of Trustees

30

Stillbirth and Neonatal Death Society
(A Company limited by Guarantee)
Statement of Cash Flows
For the year ending 31 March 2022
Notes 2022 2021
£ £
Cash flows from operating activities:
Net cash used in operating activities 21 1,862,416 2,412,274
──────── ────────
Cash flows from investing activities:
Purchase of fixed assets (58,111) (724)
──────── ────────
Net cash used in investing activities (58,111) (724)
Change in cash and cash equivalents in the reporting
period 1,804,305 2,411,550
──────── ────────
Cash and cash equivalents at the beginning of the
reporting period 3,731,678 1,320,128
Cash and cash equivalents at the end of the reporting
period 5,535,983 3,731,678
══════ ══════

31

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

1. Legal status of the Charity

The Stillbirth and Neonatal Death Society is a company limited by guarantee incorporated on 20 January 1988. Its registered offices are 10 -18 Union Street, London, SE1 1SZ. The Charity is constituted as a company limited by guarantee and has no share capital and is registered in England & Wales. The liability of each member in the event of winding up is limited to £1.

2. Accounting Policies

2.1 Restatement of comparatives

The accounting policy for allocation of support costs was changed during the year. These costs were previously allocated to charitable activities based on the direct cost of those activities. The accounting policy was changed to base the allocation on employee headcount and include an allocation for fundraising activities. This had no overall effect on levels of expenditure recorded in the current or the previous year.

Additionally items previously disclosed as other income including the Coronavirus Job Retention Scheme (CJRS) grants have been reclassified as donations and legacies in this years accounts. This again has not overall effect on recorded income for the current or previous year.

2.2 Basis of Preparation

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy.

2.3 Preparation of the Financial statements on a going concern basis

Due to the excellent set of results, the Board have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the Financial statements.

32

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

2.4 Income

Income is recognised when the Charity has entitlement to the funds, any conditions attached to the income have been met, it is probable that the income will be received, and the amount can be measured reliably. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. Grants income is credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate to a specified future period, in which case they are deferred.

Government grants, which include the amounts received from the Coronavirus Business Interruption Loan Scheme and the Coronavirus Job Retention Scheme that cover interest and fees payable to the lender, are recognised at the fair value of the grant received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. The income is recognised in other income on a systematic basis over the periods in which the associated costs are incurred, using the accrual model.

2.5 Fund accounting

Restricted funds arise from donations which the donor has specified are to be solely used for particular areas of the Charity’s work or for specific projects being undertaken by the Charity. Designated funds are funds which have been designated by Sands for a particular purpose and show the split of funds held centrally and by Groups, net of transfers. Unrestricted funds are available to spend on activities that further any of the purposes of the Charity.

2.6 Critical accounting estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no critical accounting estimates for the period under review.

2.7 Gifts in Kind

Goods and services donated to the charity with an estimated value of at least £5,000 are recognised as Other Income and as expenditure in the Statement of Financial Activities under the most appropriate heading for the expense.

33

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

2.8 Expenditure

Fundraising and publicity costs comprise the costs incurred in producing materials for promotional purposes and in raising funds. Governance costs are those which do not directly relate to charitable activities and include the costs of audit and statutory compliance. Where costs cannot be directly attributed, they are reallocated amongst charitable activities on a utilisation basis, assessed by percentage of staff numbers. Income and expenditure are stated net of VAT. The charity has a partial exemption for VAT and is not able to reclaim VAT on all its indirect charitable costs. Irrecoverable VAT is written off against the activity tow which the expenditure relates. Research Grants are recognised and recorded in the Financial statements at full cost, at the time the funds are committed by the Board of Trustees. In exceptional circumstances, where the grant funding schedule is contingent upon specific targets or deliverables being achieved, Sands may recognise only those commitments which are guaranteed at the year end under the terms of the grant agreement.

2.9 Intangible and tangible fixed assets and depreciation

Intangible and tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual values of each asset over its expected useful life as follows:

All other assets (Tangible) 25% reducing balance

Assets purchased, individually, under £1,000 are not capitalised, but expensed in the year of purchase.

2.10 Stock

Stocks held relate to bereavement support materials, memory boxes, items for resale and fundraising materials. Stock is valued at the lower of cost and net realisable value.

2.11 Leasing & hire purchase

Rentals payable under operating leases are charged against income on a straight-line basis over the period of the lease.

2.12 Pensions

The charity makes payments on behalf of its employees to the Sands stakeholder pension scheme. The pension costs charged in the Financial statements represent the contributions payable by the charity during the year. Pension Auto Enrolment commenced on 1 January 2016.

34

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

2.13 Termination payments

Termination benefits, including redundancy costs, are recognised when the charity has an obligation to pay the benefits and they can be measured reliably.

2.14 Debtors

Debtors are recognised at the settlement amount due after any trade discount offered and provision for bad and doubtful debts.

2.15 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash and cash equivalents include cash in hand and deposits held at call with bank.

2.16 Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2.17 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

35

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

3. Donations and legacies

Unrestricted Restricted 2022 2021
Funds Funds Total Total
£ £ £ As restated
£
Donations and gifts 1,801,224 - 1,801,224 1,974,411
Legacies 4,124 - 4,124 17,350
Gift Aid 647,500 - 647,500 467,399
Grants received* 85,941 52,678 138,619 650,787
Membership 10,345 - 10,345 11,245
──────── ──────── ──────── ────────
2,549,134 52,678 2,601,812 3,121,192
═══════ ═══════ ═══════ ═══════
Unrestricted Restricted 2021
Funds Funds Total
£ £ £
Donations and gifts 1,974,411 - 1,974,411
Legacies 17,350 - 17,350
Gift Aid 467,399 - 467,399
Grants received ** 395,839 254,948 650,787
Membership 11,245 - 11,245
──────── ──────── ────────
2,866,244 254,948 3,121,192
═══════ ═══════ ═══════

** Includes £305,250 of Coronavirus Job Retention Scheme (CJRS) grants (2021)

36

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

4. Other trading activities

Unrestricted funds 2022 2021
Total Total
£ £
Running events 548,496 138,094
Challenge events 2,229,847 511,501
Other fundraising events 1,261,902 2,002,260
Merchandise sales 76,600 78,054
──────── ────────
4,116,845 2,729,909
═══════ ══════

5. Income from Charitable Activities

Unrestricted Restricted 2022 2021
Funds Funds Total Total
£ £ £ £
Training and other
related services 15,059 - 15,059 12,354
Statutory funding - 20,400 20,400 516,671
──────── ──────── ──────── ────────
15,059 20,400 35,459 529,025
═══════ ══════ ═══════ ═══════
Unrestricted Restricted 2021
Funds Funds Total
£ £ £
Training and other
related services 12,354 - 12,354
Statutory funding - 516,671 516,671
──────── ──────── ────────
12,354 516,671 529,025
═══════ ══════ ═══════

Income from Statutory funding totalling £20,400 (2021: £516,671) are considered to be government grants. The prior year figure included COVID support grants. There are no unfulfilled conditions or other contingencies attached to the government grants above.

Additional financial assistance has been obtained via the Tommy’s grant to support the National Maternity Consortium of £40,238 which is sponsored by Government funding.

37

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

6. Total resources expended

Cost of generating funds
Fundraising costs
Charitable activities
Research & prevention
Training and Education
Groups and volunteers
Bereavement support
Policy & campaigns
Total charitable expenditure
Cost of generating funds
Fundraising costs
Charitable activities**
Research & prevention
Training and Education
Groups and volunteers
Bereavement support
Policy & campaigns
Total charitable expenditure		 Staff costs Depreciation
Other
costs
Support
costs
2022
Total
2021
Total
As
restated
£
£
£
£
£
£
530,750
-
1,031,122
257,368
1,819,240*
1,193,544
191,805
-
4,692
102,947
299,444
257,140
273,093
-
42,180
386,052
701,325
588,971
228,643
-
208,414
205,894
642,951
704,085
367,863
-
119,838
334,578
822,279
569,652
72,335
-
25,762
205,894
303,991
244,754
1,133,739
-
400,886
1,235,365
2,769,990
2,364,602
1,664,489
-
1,432,008
1,492,733
4,589,230
3,558,146
Staff costs
Depreciation
Other
costs
Support
costs
2021
Total
£
£
£
£
£
551,113
-
432,823
209,608
1,193,544
158,179
12,323
2,795
83,843
257,140
260,494
-
14,065
314,412
588,971
410,242
8,084
118,072
167,687
704,085
170,585
-
126,576
272,491
569,652
47,898
1,250
27,919
167,687
244,754
1,047,398
21,657
289,427
1,006,120
2,364,602
1,598,511
21,657
722,250
1,215,728
3,558,146*

38

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

7. Analysis of Support costs

Current year
Communications and PR
Leadership and
administration
Governance costs
Premises & facilities
Finance, HR & IT
Temporary staff costs
Prior year
Communications and PR
Leadership and
administration
Governance costs
Premises & facilities
Finance, HR & IT
Temporary staff costs		 Staff costs
Depreciation
Other
costs
2022
Total
2021
Total
£
£
£
£
£
176,280
-
100,466
276,746
269,297
93,811
-
19,985
113,796
92,470
34,950
34,950
17,942
-
-
32,681
32,681
129,460
416,059
19,882
378,066
814,007
557,452
220,553
-
-
220,553
149,107
906,703
19,882
566,148
1,492,7331,215,728
Staff costs
Depreciation
Other
costs
2021
Total
£
£
£
£
231,736
1,250
36,311
269,297
90,108
-
2,362
92,470
17,942
17,942
-
-
129,460
129,460
292,564
19,421
245,467
557,452
149,107
-
-
149,107
763,515
20,671
431,542
1,215,728

* See note 9

39

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

8. Governance Costs

2022 2021
£ £
Legal & professional 9,420 5,338
Auditor’s remuneration – previous auditor 1,585 12,604
Auditor’s remuneration – current auditor 17,820 12,604
Consultancy 6,125 -
──────── ────────
34,950 17,942
══════ ══════

Payments to the auditor in respect of non-audit fees was nil (2021: nil).

9. Trustees

None of the Trustees received any remuneration for their services as Trustees of the charity during the year or were reimbursed for travel, subsistence and training expenses (2021: £nil).

Trustees’ indemnity insurance is included in the wider insurance paid by the charity which cost the charity £6,763 (2021: £1,542).

40

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

10. Employees

Sands is committed to providing equality of opportunity in employment and to developing working practices and policies that support work-life balance and encourage flexible working.

The average monthly number of total employees and full-time equivalent employees during the year was:

2022 2022 2021 2021
Headcount FTE Headcount FTE
Bereavement support services 13 9 9 6
Groups networks & volunteering 8 7 10 7
Improving bereavement care 15 3 14 3
Research & prevention 4 3 3 2
Fundraising 10 10 8 8
Media, Policy & Campaigns 8 7 6 5
Management & administration 14 13 12 11
─── ─── ─── ───
72 52 62 42
═══ ═══ ═══ ═══
Employment costs 2022 2021
£ £
Wages and salaries 2,054,873 1,893,384
Temporary staff costs 220,553 149,107
Social security costs 205,488 180,360
Other pension costs 90,278 57,241
Cessation costs - 81,934
──────── ────────
£2,571,192 £2,362,026
═══════ ═══════

The number of employees whose annual emoluments were £60,000 or more were:

2022 2021
Number Number
£60,001 - £70,000 - 3
£70,001 - £80,000 4 2
£80,001 - £90,000 1 -

The aggregate pension contribution made by the charity on behalf of higher paid staff was £18,811 (2021: £14,963). Six (2021: Five) higher paid staff accrued benefits in defined contribution pension schemes. Key management personnel are defined as the trustees and the five members of the Senior Leadership Group. The total employee benefits of the key management personnel of the charity were £440,909 (2021: £403,023).

During the year zero redundancy and termination payments made by the charity (2021: £81,934). There were no outstanding liabilities at the year-end.

41

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

11. Pension Scheme

Contributions paid to defined contribution scheme

2022 2021
£ £
90,278 57,241
══════ ══════

12. Volunteers

Volunteers play a key role in the achievement of the aims of Sands. Further details on their role is further explained in note 3.5 of the Trustees’ report.

13. Fixed Assets (Tangible)

IT
equipment
£
COST OR VALUATION
At 1 April 2021 69,856
Additions 58,112
Disposals (2,384)
───────
At 31 March 2022 125,584
═══════
ACCUMULATED
DEPRECIATION
At 1 April 2021 36,461
Charge for the year 19,882
Disposals (1,546)
───────
At 31 March 2022 54,797
═══════
NET BOOK VALUE
At 31 March 2022 £70,787
═══════
At 31 March 2021 £33,395
═══════

42

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

14. Stock

2022 2021
£ £
Publications, leaflets and fundraising materials 63,371 24,873
═══════ ════════

15. Debtors

2022 2021
£ £
Trade debtors 22,085 15,360
Other debtors 1,308 33,177
Accrued income 643,079 831,902
Prepayments and Receivables 164,642 48,940
──────── ────────
Total 831,114 929,379
═══════ ═══════

16. Creditors

2022 2021
£ £
Trade creditors 122,447 170,452
Other taxes and social security 66,132 45,117
Other creditors 40,879 18,139
Accruals 30,707 109,413
CBILS Bank Loan - 300,000
──────── ────────
Total 260,165 643,121
═══════ ═══════

The Coronavirus Business Interruption Loan Scheme (CBILS) Bank Loan was an unsecured loan repaid in June 2021 and incurred no interest.

43

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

17. Research Grant Commitments Analysed

There were no commitments made in the financial year. The prior year comparatives are shown below:

Donor and Purpose of each fund 1 April 2021 Commitments
made in year		 Commitments
paid in year		 31 March
2022
£ £ £ £
University College London (Marlow) 23,428 - 23,428 -
──────── ──────── ──────── ────────
23,428 - 23,428 -
══════ ══════ ══════ ══════

University College London: Parents and Neonatal Decisions Study - Improving communication during conversations about limiting life-sustaining treatment in neonatal intensive care. Professor Neil Marlow, UCL Elizabeth Garret Anderson Institute for Women’s Health. This study is designed to improve the way doctors talk with parents about the decision whether or not to start palliative care for babies who have life-limiting conditions or a poor outlook.

44

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

18. Analysis of movements of Restricted Funds

Current year Balance Income Expenditure Balance at
at 1 April 31 March
2021 £ £ 2022
£ £
National Lottery Community Fund –Welsh language
translation of bereavement support materials 5,718 - (5,718) -
Welsh Government –bereavement support projects - 18,000 - 18,000
Tommy’s_– to co-lead the maternity consortium to_ - 40,328 (40,328) -
ensure the voluntary sector partners with Government
and the NHS to address inequalities in maternity care
Bereavement Care review - 2,400 (2,400) -
James Tudor Foundation –To support training - 4,850 (4,850) -
John Horniman’s Childrens Trust –Sibling support - 3,000 (3,000) -
project
Maximus Foundation –Memory boxes - 2,500 (2,500) -
Scottish Govt_- National Bereavement Care Pathway_ 65,813 - (37,414) 28,399
The National Lottery Community Fund_- Digitisation_ 10,000 - (10,000) -
England
Berkshire Community Foundation -Work in Berkshire 2,657 - (1,373) 1,284
Scottish Government -Domestic Abuse support project 19,551 - (19,551) -
Sands Groups Projects * 98,795 - - 98,795
Scottish Government_– various projects_ 50,000 - (45,500) 4,500
Scottish Govt -Joint Project Lothian Sands 30,000 - (19,445) 10,555
Juditeras –Research workshops 10,000 - - 10,000
Tozers North Devon Sands 4,000 - - 4,000
Sundry less than £1,000 5,000 2,000 - 7,000
─────── ──────── ─────── ───────
Total funds 301,534 73,078 192,079 182,533
═══════ ═══════ ═══════ ═══════

45

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

Prior year Balance at Income Expenditure Balance at
1 April 31 March
2020 2021
£ £ £ £
UK Government_COVID response grant_ - 352,435 (352,435) -
Scottish Govt_- National Bereavement Care Pathway_ - 104,816 (39,003) 65,813
The National Lottery Community Fund_- Digitisation_ - 99,700 (89,700) 10,000
England COVID Funding Stream
Scottish Government_COVID response grant_ - 39,869 (39,869) -
Berkshire Community Foundation -Work in Berkshire - 35,625 (32,968) 2,657
London Community Response Fund -Translation - 30,400 (30,400) -
Garfield Weston Charitable Trust -HCP & Volunteer - 20,000 (20,000) -
training
The National Lottery Community Fund -Northern Ireland - 19,662 (19,662) -
COVID-19 response
Scottish Government -Domestic Abuse support project - 19,551 - 19,551
The Childwick Trust -SUFC wellbeing officer - 10,000 (10,000) -
The National Lottery Community Fund -Welsh language - 5,718 - 5,718
translation of bereavement support materials and App
Sandra Charitable Trust_- HCP training_ - 4,000 (4,000) -
Suffolk Community Foundation_- support in Suffolk_ - 3,839 (3,839) -
The D'Oyly Carte Charitable Trust_- HCP webinars_ - 3,500 (3,500) -
Souter Charitable Trust_- Memory box appeal_ - 2,796 (2,796) -
Eveson Charitable Trust_- HCP training_ - 2,722 (2,722) -
Cambridgeshire Community Foundation_- Covid-19_ - 2,173 (2,173) -
funding
The Pilkington Charities Fund_- Memory box appeal_ - 2,000 (2,000) -
The TBF And KL Thompson Trust_– work in Northern_ - 2,000 (2,000) -
Ireland
The Basil Death Trust -Memory Box appeal - 1,864 (1,864) -
Fort Vale Foundation -Memory Box appeal - 1,864 (1,864) -
The Lennox Hannay Charitable Trust_– Memory box_ - 1,500 (1,500) -
appeal
Sir Jules Thorn Charitable Trust_- HCP training_ - 1,250 (1,250) -
The Felicity Wilde Charitable Trust_- Saving Babies Lives_ - 1,000 (1,000) -
The Shanly Foundation -Memory boxes in Oxfordshire - 1,000 (1,000) -
The Wixamtree Trust_- Memory boxes_ - 1,000 (1,000) -
Sands Groups Projects * 111,308 - (12,513) 98,795
Scottish Government_– various projects_ 50,000 - - 50,000
Scottish Govt -Joint Project Lothian Sands 30,000 - - 30,000
Juditeras 10,000 - - 10,000
NHS England: Review of impact BSS 5,000 - (5,000) -
Tozers North Devon Sands 4,000 - - 4,000
Sundry less than £1,000 5,000 1,335 (1,335) 5,000
─────── ──────── ─────── ───────
Total funds 215,308 771,619 (685,393) 301,534
═══════ ═══════ ═══════ ═══════

46

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

19. Analysis of movements of Designated Funds

Balance at Transfers Incoming Outgoing Balance at
1 April 2021 resources resources 31 March
2022
£ £ £ £ £
Fixed asset fund 33,395 37,392 - - 70,787
Group project commitments 180,962 13,869 697 (11,047) 184,481
─────── ──────── ──────── ─────── ───────
Total funds 214,357 51,261 697 (11,047) 255,268
════════ ════════ ════════ ═══════ ═══════
Prior year Balance at Transfers Incoming Outgoing Balance at
1 April 2020 resources resources 31 March
2021
£ £ £ £ £
Fixed asset fund 80,198 (46,803) - - 33,395
Group project commitments 184,894 (3,932) - - 180,962
─────── ──────── ──────── ─────── ───────
Total funds 265,092 (50,735) - - 214,357
════════ ════════ ════════ ═══════ ═══════

The purpose of the designation of the funds were as follows:

Fixed asset fund – to provide a reserve of monies to match the fixed assets held in order to make clear the free funds held by the charity.

Groups project commitments – to provide a reserve of monies to cover local Groups Projects.

47

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

20. Analysis of net assets between Funds

Unrestricted Designated Restricted Total
funds funds funds funds
Income funds of the charity: £ £ £ £
Tangible Assets - 70,787 - 70,787
Current Assets 6,063,454 184,481 182,533 6,430,468
Creditors falling due within 1 year (260,165) - - (260,165)
──────── ──────── ──────── ────────
5,803,289 255,268 182,533 6,241,090
═══════ ═══════ ═══════ ═══════
Unrestricted Designated Restricted Total
funds funds funds funds
Prior year: £ £ £ £
Tangible Assets - 33,395 - 33,395
Current Assets 4,203,434 180,962 301,534 4,685,930
Creditors falling due within 1 year (643,121) - - (643,121)
──────── ──────── ──────── ────────
3,560,313 £214,357 £301,534 4,076,204
═══════ ═══════ ═══════ ═══════

21. Reconciliation of net movement in funds to net cash flow from operating activities

2022 2021
£ £
Net movement in funds 2,164,886 2,821,980
Add back intangible asset depreciation charge - 22,617
Add back tangible asset depreciation charge 19,882 19,711
(Increase)/decrease in stock (38,499) 11,091
Loss on disposals 838 5,199
Decrease/(increase) in debtors 98,265 (801,565)
(Decrease)/ increase in creditors (382,956) 333,241
──────── ────────
1,862,416 2,412,274
═══════ ═══════

22. Analysis of changes in net funds

The charity had no debt during the year.

48

Stillbirth and Neonatal Death Society (A Company limited by Guarantee) Notes to the Financial statements For the year ending 31 March 2022

23. Operating Leases

Land and Buildings Land and Buildings Other
2022 2021 2022 2021
£ £ £ £
Expiry date:
Over 5 years		 6,878 - - -
──────── ──────── ──────── ────────
6,878 - - -
════════ ════════ ════════ ════════

The charity signed a lease for premises at 10-18 Union Street on 15[th] March 2022 for a period of 6 years.

24. Joint Venture

In 2021 Tommy’s and Sands agreed to form a Joint Policy Unit together to develop a policy resource in the form of a policy unit in support of making the UK the safest place in the world to have a baby.

It was agreed that this Unit would be a 50:50 Joint Venture with direct costs of running the Unit split equally between both parties.

During the year the charity paid £10,532 (see note 6) and received £5,266 (see note 3) from Tommy’s to cover these costs.

25. Related Party Transactions

There were no related party transactions in the year.

26. Contingent assets

The charity was notified of a legacy with a potential valuation to Sands of £270,000 in late 2021. The legacy is now being disputed by the legator’s only living child and the charity is currently seeking legal advice on whether the claim has merit. It is not possible to assess the amount the charity may receive from this legacy at this time.

49