TinyLife (A company limited by guarantee) Annual report and financial statements for the year ended 31 March 2024 Charity Registration Number: NIC 101869 Company Reglstration Number; Nl 037799
TinyLife (A company Ilmlted by guarantee) FlnaDcial Statements Year Ended 31 March 2024 Contents Pages Chariiy Reference Number and Administrative Details TNstees' Annual Report (Including Directors. Rq)ort and Siralegic Report) 2-10 Independent auditors, report Statement of Financial Activities (including summary incom¢ and expenditure account) l7 Balance sheet 18 Statement of Cash Flows 19 Notes to the financial statements 20-38
TinyLife (A company Ilmited by guarantee) Cbarity Reference And AdmiDistrative Detalls Year Ended 31" March 2024 Charity Registration Number Ntc 101869 Company Registration Numb¥Y Nl 037799 President Trustees A Elliott L McKeaveney - Chairperson S L McKay Treasurer C Faraday M McGowan C Creagh E McEneaney C Humston C Mcveigh V Craig B Boyle Chief Executive Officer J Morgan Regist¢r¢d OtTic¢ Unit A5, 17 Heron Road Belfast BT3 9LE Auditor GMCG BELFAST Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ Solicitor Worthington Solicitors 21 Oxford Street Belfast BTI 3LA Bankers Danskc Bank Donegall Square West Belfast BTI 6JS
TinyLife (A company limlted by guarantee) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 TinyLife is Northern Ireland's premature and vulnerable baby charity. dedicated to r¢du¢ing premature birtlL illness, disability and death in babies. The directors present their report and the audited financial statements of the charity for the y¢ar ended 3151 March 2024. The trustees have adopted thc provisions of the Slatement of Recommended Practice (SORP) "Accounting and Rq)orting by Charities" {FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statctnents and comply with the charity's governing document, the Charities Act (Northern Ircland) 2008, Charities Act (Northem Ireland) 2013, The Charitics (Accounts and Reports) Regulations (North¢rn Ireland) 2015, Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing iheir accounts in accordance with the Financial Repoiling Standard applicable in the UK and Republic of Ireland SORP 2019 (FRS 102). TRUSTEES OF THE CEL4RITY The directors of the charitable company are its trustees for the pury)oses of charity law. The tenns "director" and "trustee" are used interchangeably throughout the financial statements. The trustees who have served during the year were as follows: A Elliott S L McKay - Treasurer S Nurse - resigned 23 January 2024 K Craig - resigned 22nd August 2023 A L Bartlett - resigned 24th April 2023 L McKeaveney - Chairperson M McGowan C Faraday C Creagh E McEneaney C Humston C Mcveigh - appointed 24 April 2023 V Craig and B Boyle weff appointed as trLLStecs on 5 August 2024. PUBLIC BENEFIT STATEMENT The Board of TinyLife confimi that they have had due regard for the guidanc¢ produced on public benefit by the Charity Commission for Northern Ireland and are pleased to report that during the year the charitable company has continued lo provide public benefits through thc programmes and services we offer. In particular, the directors consider how planned activitics will contribute to the aims and objectives they have set out.
TinyLife (A company limited by guarantee) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 (Continued) OBJECTIVES AND A[VITIEs The Charity's objectives are specifically reslricted io adVanCent of healih or saving of lives and advancement of education to reduce premature birth, illness. disability and death in babies born in Northern Ireland and include the following:_ provision of a rang¢ of support services offering practical support, infonnation, advice, emotional and social support and comfort and a befriending service to parents, families and carers including home and hospital based support and parent support groups provision of training and infom]ation for health professionals concerned with the needs of premature or sick babies and their families; provision of fvnding for research and conducting research to promote and develop understanding and disseminate knowledge of.. • illness, disabilily and causes of prematurity in babies; medical problems affecling pregnanl women: effecl of ihese problems on family and carers. and ultimately. being, committed to increasing survival rates, improving quality of life and quality of care for premalure babie5. and provision of tailored awareness programmes such as presentations, healih education workshops and inforniation leaflets for the benefit of the wider public including both schools and community groups to increase awareness of infant prematurity and its effects on family as well as the importance of healthy lifestyle choices for pregnant women. STIL4TEGIC REPORT Structure? governance and management TinyLife is a charitable company limited by guarantee and does not have a share capital. It is governed by a Memorandum and Articles of Association and the liability of each member is limited to an amount not exceeding £ l. The Articles of Association provide that the number of directors shall not be less than six and shall at all times comprise not less than ihrce in number from relevant hcalth care professions. Each director appK)inted to the board retires ¢v¢ry thr¢¢ years bul can offer themselves for re-election. Directors are appointed by nominations by any existing director. New directors are bri¢f¢d by the Clll'ef Executive and the Chaim]an of the board on their legal obligations and receive a handbook which includes the rol¢ of trustees and the skills set of board members. A trustee may not appoint an aliernale trustee or anyone on his or her behalf at meetings of the Irustees. Truslees are encouraged to attend appropriate external training events. The Chief Fxccutive carries out the day-to-day managcmcnt of the Lharity and has delegated auihoriiy for operational matters including finance and staffing. The direclors manage all other business decisions and meel on a quarterly basis.
TinyLife (A Company limited by guarantee) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Rlsk management The directors have overall responsibility for ensuring that the charity has in place an appropriate system of controls, financial and otherwise, to provide reasonable assurance that; the charity is operating efficiently and effectively. its assets are safeguarded against unauthorised use or disposition; proper records are maintained and financial infomiation used within the charity or for publication is reliable. the charity complies with relevant laws and regulations. and the charily's Systems of financial control are designed to provide reasonable, but not absolut¢ assuranc¢ against material misstatement or loss. The major risks, to which the charity is exposed, as identified by the trustees, have been reviewed and syslems have been established to mitigate those risks. Aebievement$ and Performance The 2023 . 24 perf0mnCe year has been challenging and rewarding in equal measure for TinyLife. We saw the departur¢ of our esteemed colleague Alison McNulty who provided unwavering leadership as CEO for l O years. Our new CEO, Joanne Morgan, took up post in November 2023. Like most organisations in th¢ sector, we are still dealing with the consequences of Covid. For example, impact on opportunilies to fundraise and on the ways in which we deliver our services. Whilst our fundraising levels have increased, we are yet to reach pre Covid targets. In addition, whilst we are seeing a return to face-to-face support, there 15 Still a need to retain an online presence with the use of Zoom and WhatsApp to deliver alternative fom]s of support. Our Advocacy and Policy work goes from strenh to strength with TinyLife represented on all key groups and forums relating io infant and family support. in Northern Ireland and participating in a European network EFCNI. The profile of the organisation continues to expand with significanl wth on Facebook interactions in particular, this i¢mains an important way for us to connect and facilitate our parents in a safe but convenient way. Once again. we need to record our imm¢nse gratitude lo coll¢agues and volunteers throughout the organisation. They have responded to the ongoing challenge of the pandemic magnificently. tirelessly and with great personal sacrifice in ensuring that families continue to receive the support they need. It has been a leam effort, ranging from the colleagues delivering front line support to families, to staff who were flexible to work when needed, to the Board and Senior Management team providing oulstanding leadership in the face of unrelenling pressures. We would like to thank all of those who supported us in whatever way they could this past y¢ar for wiihout it TinyLife would be facing a very different future. This 2023-24 report presents the work of TinyLife over the past year.
TinyLife (A company limited by guarantee) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 (Conllnued) STRATEGIC PLAN Pillar l TiDyLrfe Care - Embed a family centred approach eDgaging with parents in the cocreation process to support premature babies by provldlng relevant responslve servlees. Referrals The relationship that the F9Jmily Support Officer (FSO) builds with both families and professionals is crucial to the number of Teferrals we receive. This year our refealS increased slighily by approximately 10 %, We continue to see the majority of referrals come from families directly, as a result of their interaction wilh a Family Support Officer in a neonatal unit. The remainder come from neonatal and hospital staff demonstrating the importance of our staff being present in a unit to build these relationships. HOSPITAL BASED SERVICES Neonatal Unlts As we emerge from Covid restrictions, our Family Support Hospital vlslt5 have increased by 120/0 and we continue to find creative solutions lo connect wilh parents during times of ward reslriclions due to infection ouibreaks. Breast Pump LoAn Servlee Health professionals and families continued to make referrals to TinyLife for our BreA8t Pump Loa service. 289 loans were processed in ihe reporting year, All pump loans are processed in accordance with PHA Protocols, and we were pleased to receive additional funding from the PHA to support administration costs. COMMUNITY BASED SERVICES We are seeing a renewed interest in engaging in face-to-face activities. Not only does this increase the likelihood of pe¢r-lo-p¢er support and connection, it gives our Family Support Officers an opportunity lo promote the many relevant services offered by TinyLife, leading to a better, mor¢ holistic experience. Parent Support Groups Our Parent Support Groups remain popular, with attendances on a par with previous years. We continue to incory)orat¢ the Five To Thrive modell and are seeing a significant interest in the provision of sensory play as part of sessions. Baby Massage Baby Massage is one of the most popular programmes delivered by TinyLife with over 140 sessions dclivcrcd ovcr the course of the rq)orting year. Baby Massage provides a unique opportunity lo promote bonding and connection and facilitates discussion on all aspects of care for the premature baby. 1 Five to Thrive is a flexible approach that offers learning for practitioners and parents. It Is designed to enhanc8 awareness of the central ingredients for healthy brain development in babies. with five key activlties- Respond, Cuddle, Relax, Play, Talk- described a5 the 'buildiT)g blocks for a healthy brain,.
TinyLife (A company limited by guarantee) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 (Continued) TiDyGym 20 TiDyGym sessions were delivered across the Northem HSC Trust Area. This innovative model is great example of multidisciplinary working between a specialist Physiotherapist, Occupational Therapist and TinyLife Family Support Officer leading to better oulcomes for premature babies and strengthened relationships bdween the professionals and parents who avail of the service. Closed Face Book Community Families told us that the closed Facebook Community has been invaluable and provides opportunities to engagc in peer support which is wider than that of the Tiny Time Groups. Parents are also able to easily engage with other families whose child has a similar condition, or when ihey have had a similar neonatal joumey. With over 900 members this continues to grow and represents an almosi 300/0 increase in membership on the previous year. HOME BASED SERVICE Growing Cblld Program The Growlng Child l TinyStArt Programme is now being fully implemenied with all targets on track. During the reporting year, 149 families were supported in their homes with this evidence-based programme. An evaluation will be undertaken in the next financial year to d¢t¢rniine the impact on families. OTHER SUPPORT PROVIDED In this reporting year we have seen an increase of 350/0 in demand for financial support from our parents. This is due to the impact of the cost of living crisis and increased cost attached io caring for a premature baby. PILLAR 2 - TinyLlfe Advocate - Amplify and be the volce for parents and premature bables to secure change In pollcy and practice. Engagement wlth Governmellt We worked closely with ihe Department of the Economy in relalion to the potential introduction of the Neonatal Care (Leave and Pay) Act which has already been introduced in England. With cross party support, we confident it will fealure in the newly proposed package of workers, rights legislation due for consultation in late 2024. The CEO continues to co-chair the NI Chlldren's Health Coalltlon. As a resuli of securing a small amount of funding ihe Coalition appointed the NI based communicalion and research consultancy, MW Advocate, to support our adVa¢Y work for the Young Patient$ Fund. We have also secured all party support for the Fund. We continued to lead and advocate in the area of Infant Mental Health. Through the Stronger From the Start Alliance, we continue to promote our joint manifesto with many of the recommendations adopted by all the political parties in Nl. We have convened a number of roundtable meetings with politicians and senior civil servants. Our newly developed Parental Engagement group is slowly cxpanding and has played a very important and productive role in supporting TinyLife's reSnSe to consultation on hospital parking charges.
TinyLife (A Company limited by guarantee) REPORT OF THE DlREcfoRS FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Some of our parents also attended a meeting with DOH staff and Professor Mary Renfrew to f¢cd inlo review of midwifery services and care along with some of our Family Support staff who were excellent advocates for TL families, and their contributions lo the meeling were very insightful. Representation on Commlttees During ihe reporting period TinyLif¢ continued to sit on a number of government networks and committees, namely the Neonatal Network for IYI, Regional Infant Mental Health Group? several Health Trust Infant Mentsl Health Committees, South Eastern Health Trust ABC Plps Project and The Breastfeedlng Strategy Implementation Group. The CEO chairs a number of subgroups and committees which report on key strategies, working closely with committee members and representing the voice of parents of premature babies. European Work The CEO continues to support the work of the European Foundation for the Care of Newborn Infants (EFCNI) whilst the Head of Operations was askoj to represent 'l'inyLife in Ihe European Standards of care for Newborn Heal¢h Parent, Patient and Public Advisory Board (PPPAB). PILLAR 3 -TinyLife Educate - increased awareness and knowledge about needs of parents of premature and sick babies by using evidence to co deslgn early Interventions aod improve SerCeS. The Professor Jim Dornan Award was madc to Dr Niamh Kennedy, Senior Leclurer, School of Psychology, Ulster University and Dr Tammy Morgan, Psychiatrist CAMHS, Belfast Healih and Social trust to carry out research on the following topic: "Exploration into parental psychological wellbeing in Northern Ireland Neonatal Units." In November, a$ part of our World Prematurity Day advocacy efforts w¢ collaborated with the Iri5b Neonatal Health Alliance to hold another All-lreland Conference. The Conference was hosted online and with keynote speaker Professor Nils Beran from Sweden to present on Neuroscience and Zero Separation. We had 190 participants with additional viewing of ihe recording afterwards. TinyLife facililated the delivery of training to almost 60 Health Visitors in October, During the year staff have had access to the online training program FLICK and have completed both mandatory training in GDPR, Health and Safety, Risk Assessmenls and Manual Handling. The systems also provide opportunities to access a range of many relevant programs for continued on line learning. Staff also completed Menlal Health Flrst Ald training. Members of the Fundraising Team have attended a number of one off seminars to support them in their roles primarily on marketing and the use of social media.
TinyLife (A company limited by guarantee) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 (Conllnued) IDcome Gen¢ratloD This year has seen some nolable achievements in income generation and fundraising. We had a very successful Premvember campaign during November. The Gala Ball highlighting 35 years of TinyLife was a key highlight for the team, with £46k raiscd. General support from community fundraising throughout the month was very strong, with £IOk raised through Tea for Tots Parties and general Prcmvcmber fundraising. W¢ also held a very success1 hike to the summit of Slieve Donard which raised over £IOk. We are grateful for the support from the Jaq Group who made a £1 Ok donation as well as the Mccollum and Barr family for raising £1 Ok through their events. Whilst traditional fundraising has been challenging, we have maintained all service delivery conlracts and attracted additional funding through 5 successful Clear project applications to support service delivery across Northern Ireland. Again. this year we must thank our funders, Northern Health & Social Care Trust, Southeastern Health & Social Care Trust, Belfast Healih & Social Care Trust, Western l.lealth & Social Care Trus(, Southern Health & Social Care Trusl. PHA, Dorniant Accounts, Awards for All, The Big Lottery and Cash for Kids for their continued financial support. Finan¢lal revlew Th¢ Charity's income increased from £747,516 to £924,361 in 2024. This is a result of increased incom¢ from restricted funding and fundraising income. Principal sources of funding are from events, grants and donations. The net deficit for the year amounted to £77,071 (2023: £112,833). Restricted monies broughi forward from previous years, increased the lotal expenditure this year and accounted for the deficit, with unrestricted reserves increasing by £10,977 for thc year. The accumulated funds at 31 March 2024 amounled to £378,329 (2023: £455.400). £85,000 was invested in a l year fixed ienn account with the option to withdraw ndS earlier, Reserve$ pollcy Th¢ charity's policy is to retain a level of free reserves, which matches the needs of the organisation both at the current time and in the foreseeable future. The reserves required should be sufficient to meet research cosls and the running costs for a period equivalent to six months annual expenditure. Overall, the current levels of reserve5 are lower than the eXpted level, being the equivalent to 5 monihs expected expenditure. However, with the retum in growth of our fundraising this year after the effects and investment in a new team, TinyLife anticipates that unrestricied reserves will increase again in ihe coming year. The charily will continue to monilor compliance with this policy on a regular basis and the board will review the appropriateness of th¢ policy annually. Taxation As a charity, the company is able to recover most lax deducted at source from its investment income and is not liable for corporation lax on its oihcr incomc or on capital gains. Recovery is therefore nde of tax credits and tax dducted from income received under deed of covenant or gift aid. Equal opportunlties The charity is committed to ensuring equality of opportunity for its staff, and for organisations wilh whom it works in partnership,
TinyLife (A eompany limited by guarantee) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 (Coniinued) STATEMENT OF DIRECTORS, RESPONSIBILrriES The trustees (who are also the directors of TinyLife for the purposes of company law) are responsible for preparing the Directors, Report and the financial statements in accordance with applicable law and United Kingdom AOUntIng Standards (United Kingdom Generally Accepted Accounling Practice). Company law requires the directors to prepare fjnancial statements for each financial year which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resourccs, inL.luding the income and expenditure, of the charitable company for ihat period. In preparing these financial statements, the directors are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2019 (FRS 102); make judgements and accounting estimates that are reasonable and prudent, state whether applicable UK Accounting Siandards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial Statements on the going concern basis unless il is inappropriate to presume that the Charitable company will continue lo operate. The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, Charities Act (Northern Ireland) 2008 and Charities Acl (Northern Ireland) 2013 and The Charities (Accounts and Reports) Regulations (Northem Ireland) 2015. They are also responsible for safeguarding the assets of the charitable company and hence for laking reasonable steps for ihe prevention and detection of fraud and other irregularities. Disclosure of Information to Auditors So far as each of the directors in otTice at the date of approval of these financial statements is aware: there is no relevant audit inforn]ation of which the charitable company's auditors are unaware; and they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any rel¢vant audit infornialion and to establish ihat the charilable company's auditors are aware of that infom)ation. Small companie$, exemption This report has been prepared in accordance with the special provisions relating io small companies within Part 15 of the Companies Act 2006.
io TinyLife (A company limited by guarantee) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 (Conlinued) Independent Auditors GMCG Belfast have indicated their willingness to remain in office and a resolution for their re-election will be proposed at the forthcoming Annual General Meeting. Registered office: Unit A5, 17 Heron Road B¢lfast BT3 9LE Signed by Order of the Board J Morgan Company Secretary
CHARTERED ACCOUNTANTS TinyLife (A eompany Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF TINYLIFE (a company limited by guarantee) YEAR ENDED 31 MARCH 2024 Opinion We have audited the financial statements of TinyLife (the 'charitable company.) for the year ended 3111 March 2024 which comprisc ihc Siatetnent of Financial Activities (including income and expenditure accounl), the Balance Sheet, the Statement of Cash Flows and notes to the financial statemenls, including a summary of significant accounling policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 Tlie Finunciul Reporling Standard applicable in ihe UK and Repiiblic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a tru¢ and fair view of the state of the charitable company's affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepied Accounting Practice; and have been prepared in accordance with th¢ requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with International Standards on Auditing (UK)(ISAs(UK)) and applicable law. Our responsibilities under those standarits are further described in ihe Auditor's responsibilities for the audit of the financial statements section of our report. We are iThd¢p¢ndent of the charitable company in acwrdance with the eihical requirements that are relevant to our audit of ihe financial slatements in the UK, including th¢ FRC'S Ethical Standard, and we have fulfilled our other ethiLal responsibtlilies in accordance with these requirements. We believe that the audit evidence we have obtained is su1Clent and appropriatc to provid¢ a basis for our opinion. AifnTrd House 19 Alfred Slrect BEAT 8EQ DX 39Ao NR BELFKff 50 Century Hou 40Crfxenl Bu61D¢6S Park USBURN 28 2QN 17 Mandevllle Streei VORTADOWN CraigavoD BT62 3PB Tel.. +44(0)28 9031 11 Fu.. +44(olk8 9031 OTTI Tel: +44(ok8 9260 7 Fax: +44(ok8 9200 1056 Tel: +44(0128 3833 2801 Fu: 444(0)28 3835 Oa93 AmernberorTtAe. AWOrld6tAluan¢e0(1dtratDrAlnIFltrll Www.gmCg.¢{
12 TinyLife (A company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF TINYLIFE (a Company Ilmlted by guarantee) (Coxrfnued) YEAR ENDED 31 MARCH 2024 Conclusions relatlng to going concern In auditing the financial stalements, we have concluded ihat the trustees, use of th¢ going concern basis of accounting in the preparation of ihe financial statements is appropriale. Based on th¢ work we have perfornied, we have nol identified any material uncertainties relating to events or conditions thai individually or collectively, may cast significant doubt on the Charitable company, ability to continue as a going concern for a period of ai 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 relevanl scclions of this report. Other informatlon The other infonnation Comprises ihe infonnation included in the annual report other ihan the financial statements and our auditor's report therein. The trusl¢e5 ar¢ responsible for the other inforniation contained within the annual report. Our opinion on the financial slat¢m¢nls does not cover the other infornialion and. except lo th¢ extent otherwise explicitly staled in our report, we do not express any forni of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obiained in the course of the audil, or otherwise appears to be materially misstat¢d. If we identify such material inconsistencies or apparenl malerial misstatements, we are required to deterniine whether this gives rise to a material misstatemenl in the financial slatements themselves. If based on the work we have perfornied, we conclude that there is a material misstat¢m¢nt of this other inf0mtiOn, we are required io report that fact. We hav¢ nothing to report in this regard. Oplnlons on other matters prescribed by the Companles Act 2006 In our opinion. based on ih¢ work undertaken in the course of the audit: the inforn]ation given in the tru5t¢es' report (incorporating the directors, report) for the financial year for which the financial slalements are preparcd is consistent with th¢ financial statements; and the directors, report has been prepared in accordance with applicable legal requirements.
13 TinyLife (A company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF TINYLIFE (a company limited by guarantee) (Conlinued) YEAR EIYDED 31 MARCH 2024 Matters on whicb we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environmenl obtained in the course of the audit. we have not identified material misstatements in the directors, report. We have nothing io report in respecl of ihe following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have noi been kept, or returns ad¢quate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of directors, remuneration specified by law are not made; or we have not received all the infomiation and explanations we require for our audit; or Ihe trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and lake advantage of the small companies, exemptions in preparing the directors, report and from the requir¢ment to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of directors, responsibilities set out on pages 9 and 10, the trustees (who are also ihe direclors of Ihc charitabl¢ company for the pUOSe of company law) are responsible for the preparation of the financial statements and for being satisfied ihat they give and true and fair view, and for such internal control as the truslees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company'5 ability to continue as a going concern, disclosing. as applicable, matters related to going conccm and using the going concern basis of accounling unless the trustees wither intend to liquidate the charitable company or to cease operalions, or have no realistic alternative but lo do so. Audltor's responslbllltles for the audit of the flllanclal stAtements Our objextives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and to issue an audilor's report that includes our opinion. Reasonable assurancc is a high level of assurance, bul is not a guarantee that an audit Conducted in accordance wiih ISAS (UK) will alwayg delt a material misstatement when it exists. Misstatements can arise from fraud or error and are considered malerial if, individually or in the aggregate, they could reasonably be expected to influenc¢ 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 Iegular1tLes, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:
14 TinyLife (A company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF TINYLIFE (a company limited by guarantee) (Continued) YEAR ENDED 31 MARCH 2024 Extent to whleb tbe audit was considered capable of detecting irregularltles, Including fraud We identify and assess the risks of material misstatement of the financial stalcments, whether due to fraud or em)r, and then design and perforni the audit procedures responsive to those risks. including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstalement in respect of IegularitIeS. including fraud and non-compliance wilh laws and regulations. we considered the following: The nature of the industry and sector. control environment and charity's financial results and position; Results of our enquiries of management about their own identification and assessment of the risks of irregularities; Any matters we identified having obtained and review¢d th¢ Charity's documentation of their policies and procedures relaling to., Identifying, evaluating and complying with laws and regulalions and whether they were aware of any instances of non-compliance; Detecting and responding to the risks of fraud and whether they have knowledg¢ of any actual, suspecied or alleged fraud. and The internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud. As a result of these procedures. we considered that the particular areas in the financial statemenls that wcre susceptible to misslatement were related to management bias in accounting estimates and judgements; recognition, classification and completeness of inLome. In common wilh all audits under ISAS (UK), we are also required to pcrfornj specific procedures to respond to the risk of management override. We also obtained an underslanding of the legal and regulatory frameworks that the Charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the detennination of material amounts and disclosures in the financial statements, The key laws and regulations we considered in this context included Charity legislation applicable to Northern Ireland, Charity's governing documcnt. employment law, healih and safely and tax legislation. In addition. we considercd provisions of othcr laws and regulations that do not have a direct effect on the financial stalcm¢nts but compliance with which may be fundamental to the Charity's ability to operate or to avoid a material penalty.
15 TinyLife (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF TINYLIFE (a company Ilmlted by guarantee) (ConliAu¢d) YEAR ENDED 31 MARCH 2024 Audit response to risks identified: Our procedures to respond to risks identified include the following: Reviewing the financial slatcmcnts disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; Enquiring of management concerning aclual and potential litigation and claims; Perfonning analytical procedures to identify any unusual or unexpected relationships that may indicale risk of material misstatements due to fraud. Reading minute5 of meetings of those charged with governance; In addressing the risk of fraud through managem¢nt override of controls, tesling ihe appropriateness of journal entries and other adjustments including Ihose relating to revenue recognition. ass¢ssing whelher the judgements made in making accounting estimates are indicative of potential bias. and evaluating the rationale of any significant Iransactions that are large, unusual or oulside the norn)al course of ihe charily's activities. We also communicated relevant identified laws and regulalions and polcntial fraud risks lo all engagemenl teams members and remained alert to any indicalions of frdud or non<ompliance with laws and regulations throughout the audit. Owing to the inherent limitations of an audit, ther¢ is an unavoidable risk that we may noi have detected some malerial misstatement in the financial statements even though we have properly planned and perfornied our audit in accordance with auditing standards. In addition, as with any audit, Ihere remains a higher risk of non-del¢ction of irregularilies, as they may involve collusion, forgery. intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulalions. A further description of our responsibililies is available on the Financial Reporting Council's website at htt :Ilwww.frc.or .uklauditorsres onsibilities. This description fornis part of our auditor's report.
16 TinyLife (A company lfimited by guarantee) INDEPENDEIYT AUDITORS. REPORT TO THE MEMBERS OF TINYLIFE (a company Ilniited by guarante¢) (continued) YEAR ENDED 31 MARCH 2024 Use of our report This report is made solely to the charilable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to ihe charitable company's members those matlers we are required to state lo them in an auditor's report and for no other purposc. To ihe fullest extent perniitled by law, we do not accept or assume responsibility to anyone other than the charitable company and the charilable company's members as a body. for our audit work, for this report, or for the opinions we have fomied. Nigel Moore FCA (Senior Statutory Audltor) for and on behalf of GMCG Belfr4St Cbartered Accountanti Statutory Auditor Chartered Accountants & Statutory Auditor Alfred Hou 19 Alfred Street Belfast BT2 8EQ
17 TinyLife (A company Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Funds Reslricted Funds Total 2024 Total 2023 Note Income from: Donations and legacies Charilable activities Other Irading aclivities Invcstments 172,320 9,645 220,541 18,969 172J20 512,531 220,541 18,969 141,701 462,777 137,398 5,640 502,886 Total in¢ome 421,475 502,886 924J61 747,516 Expenditure on: Raising Funds Charitable Activities Oiher 218,753 153,317 38,428 218,753 744,251 38,428 187,358 617,382 55,609 617 590,934 Total expenditure 410,498 590,934 1,001,432 860,349 Net (expenditureyincome 10,977 (88,048) (77,071) (112,833) Transfer between funds Net movement In funds 10,977 (88,048) (77,071) (112,833) Reconciliation of funds: Total funds brought forward Total funds earrled forward 357,741 97.659 455,400 378J29 568,233 368,718 9,611 455,400 All income and expenditure derive from continuing activities. The stat¢m¢nt of financial activities includes all gains and losses recognised during the year.
18 TinyLife (A company limited by guarantee) BALANCE SHEET YEAR ENDED 31 MARCH 2024 2024 2023 Note Flxed Assets Tangible Assets 16 25,792 46,956 25,792 46,956 Current Assets Debtors Investments Cash at bank and in hand 17 18 25,182 170,000 212,368 19,389 170,000 294,154 483,543 407,550 {55,013) 352,537 Credltors: Amounts falllng due within one year Net current assels 19 (75,099) 408,444 Net assets 25 378J29 455,400 Charlty Funds Restricted funds Unrestri¢l¢d funds 21122 21 9,611 368,718 378,329 97,659 357,741 Total cbarity funds 455,400 These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 26. The on. cial statements on pages 17 to 38 were approved and authorised for issue by the Board of Dir¢ciors and were signed on behalf of the Board of Direclors by: L McKeavene Dlrector Date cQ&.o S L McKay Director Date The notes on pages 20 to 38 fom] part of these financial statements. Company Registration Number: Nl 037799
19 TinyLife (A company limited by guarantee) STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024 2024 2023 Note CAsh flow from operating activities Net CAsb flow from operating activities Cash flow from investlng artlvltles Proceeds from disposal of investmcnts Payments to acquire investments Interest from investments Payments to acquire tangible fixed assets Net cash flow from Investlng aetlvitie$ 26 (100,755) (66,022) (66,022) (100,755) 170,000 (170,000) 18,969 255,000 (170,000) 5,640 (15,083) 75,557 18,969 Net (decrease) l in¢reAse in cash and cash equivalents (81,786) 9,535 Cash and cash equivalents at l April 2023 Cash and cash equlvalents at 31 March 2024 294,154 284,619 212J68 294,154 Cash and cash equfjvalents conslsts of- Cash at bank and in hand Short tern] deposits with 3 months or less until maturity Bank overdrafts 23,630 188.738 85,455 208,699 Cash and Casb equfjvalenls at JI March 2024 212J68 294,154
20 TinyLife (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Principal accountlng policie5 General informition and basis of preparation TinyLife is a charilable company limited by guarantee and not having a share capital and is regislered in Northern Ireland. The address of the registered office is given in ihe charity inforniation on page I of these financial statements. The nature of ihe charity's operations and principal activities are given on page 3. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Th¢ charitable company constitutes a public benefit entity as defined by FRS 102. Statement of compllADce The financial stalements have been prepared in accordance with Accounting and Reporting by Charities: Sialement of Recommended Practice applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities legislation in Northern Ir¢land, Companics Act 2006 and UK Generally Accq)ied Practice as it applies from l January 2015. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and roundcd to the nearest £ l. Th¢ significant accounting policies applied in ihe preparation of these financial sLqtements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Fund Accounting The charity has various types of fwids for which it is responsible and which require separnte disclosure. A definition of the various iypes of funds is ag follows: Unresttlcted funds Funds wlu'ch are expendable at th¢ discretion of the Charity in furtherance of its objectives. addition to expenditure on activities such fvnds may be held in order to fIna[e capital inveslment and working capital. De51gnated funds Designated funds are unrestricted funds which the trustees have allocated towards specific purposes. Restricted funds Restricied funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of overheads and support costs,
21 TinyLife (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {Conlinued) YEAR ENDED 31 MARCH 2024 Principal accountlDg pollcies (continued) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to ihe income after any perforniance conditions have been mel, the amount can be measured reliably and it is probable that the income will be received. For donations lo be recognised the charity will have been notified of the amounts and the settlement dale in writing. If there are condilions altached to the donation and this requires a level of perfornjance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within th¢ control of the charity and it is probable ihai they will be fulfilled. Donated facilities and donated professional services are recognised in income al their fair value when their economic benefjt is probable, it can be measured reliably and the charity has wntrol over the item. Fair value is detennined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in ihe open market for such facilities and servkces. A corresponding amount is recognised in expenditur¢. No amount is included in the financial statements for volunleer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. Where practicable, gifts in kind donated for dislribution to the beneficiaries of the ¢harily are included in slock and donalions in the financial statements upon receipt. If it is impracticable lo assess ihe fair value at receipt or if the costs to undertake such a valuation outweigh any benefils, then the fair value is recognised as a component of donations when it is distributed and an quivalenl amount recognised as charitable expendilure. Voluntary income received by way of donalions and gift is crediied to revenue on a receivable basis. Gifts in kind donated for resale are Includ at fair value, being the expecled proceeds from sale less Ihe expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock and 'ln¢om¢ from other trading activities,. Upon sale, Ihe value of the stock is charged against 'Incom¢ from other trading activities, and the proceeds are recognised as 'lncome from other Irading activities, Where it is impracticable to fair valuc thc items due to the volume of low value items they are not recognised in the financial statements until they are sold. This incomc is rccognised within 'Income from other trading activities.. Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset. For legacies, entitlement is the earlier of the charity being notified of an impending distribulion or the legacy being received. At this point income is rccogniscd. On occasion Icgacies will bc notified to the charity however it is not possible lo measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed, Income from trading activities includes income earned from ndraising events to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when cntitlcmcnt has occurred.
22 TinyLife (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Conlinued) YEAR ENDED 31 MARCH 2024 Prlnclpal accounting pollcies (continued) Income recognition (eontinmed) The charity ¢¢IVeS government grants in respect of family support services. Income from government and othex grants are recognised at fair value when the charity has entitlement after any perforniance condilions have been mel, it is probable that the income will be rec¢ived and the amount can be measured reliably. If entitlement is not md ihen these amounts are defeed. Revenue grants are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate lo a specified future period. Grants which contribute towards specific expenditure on fixed assels are credited to the Ststement of Financial Activities in full upon receipt. Inveslment income is interest earned through holding cash at bank and short terni investments e.g. bonds and shon t¢rni d¢posils. Interest income is recognised when receivable. Other income represents income that cannot be reported under ihe oiher analysis headings provided within the SOFA. Deferred income Income from certain events has been deferred as the concerned events will not occur until after the year end. Accrued Incom¢ Income from certain events has b¢¢n a¢¢rued as the concerned events occurred before the year end. Expenditure recognltlon All expenditure is accounted for on an accruals basis and has been classified under headings ihat aggregate all costs related io the category, Expenditure is recognised where th¢r¢ is a legal or constructive obligalion to make payments to ihird parties, it is probable that the settlemenl will be required and the amounl of the obligation can be measured reliably. It is categorised under the following headings.. Cost8 of raising funds comprises costs incurred in generating voluntary income and includes ¢venl costs, salary costs, slaff costs and an apportionment of support costs: Expenditure on charitable aclivilies comprises those cosls incurred by the charity in ihe delivery of ils activities and services for its beneficiaries and includes salary costs, support service expenses, and an apportionment of support costs. Other expendilure represents those items not falling into the utegories above. Irrecoverable VAT is charged as an cxpcnse against the activity for which expenditure arose. Grants payable to third parties are within the Charitable objectives. Where unconditional grants are offered, this is arxrued as soon as the recipient is notified of the grant, as ihis gives rise to a reasonable expectation that the recipient will received the grants. Where grants are conditional relating to perforn]ance then the grant is only accrued when any unfulfilled conditions are outsidc of the control of the charity.
23 TinyLife (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Conlinued) YEAR ENDED 31 MARCH 2024 Prlnclpal accounting policies (conllnued) Support costs allocrdtion Support costs arc thosc that assist the work of the charity but do not directly represent charitable activities and in¢lud¢ office costs, governance costs and administrative payroll cost5. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be dirccily 8ttributcd io particular headings they havc becn allocated io cosl of raising funds and expenditure on charitable activities on a basis consistenl with use of the rcsourccs. Premises overheads have been allocated on a basis consistent with the use of the resources. Staff costs and other overheads have been allocated on the basis oftime spent, per capita and aclivily. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating infonnation in support of the charitable activities. The analysis of these costs is included in note 8. Employee benefits When employees have rendered service to the charity, short-terni employee benefits to which the employees are entitled are recognised at the undiscounted amounl expected io be paid in exchange for that service. The charity op¢rates a defined contribution pension plan for the benefAt of its employees. Contributions are charged to the Sialement of Financial Activities as they beme payable. Value Added Tax The chariiy is not registered for V AT purposes, therefore expenditure is shown gross of VAT. Tangible fixed as5et5 and depreciation The cost of iangible fixed assets is their purchase cost, together wilh any incidental costs of acquisition. Depreciation is calculated so as lo write off the cost of iangible fixed assets, le5S their estimated residual values, on a straight line basis over the expected useful economic lives of the assets concerned. Th¢ principal annual rates used are as follows.. Fixlures, fitting5 and equipment Where the recoverable amounl of a fixed asset is found to be below its net book value, the asset is wriltcn down lo the r0Verable figure and the loss on impairnient is rpxognis¢d in the SOFA. Debtors and Creditors recelvable I payable witbin one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded al transaction prirx. Any losses arising from impainnent are recognised in expenditure.
24 TinyLife (A company Ilmlted by guarantee) NOTES TO THE FtNANCIAL STATEMENTS (Conlinued) YEAR ENDED 31 MARCH 2024 Prlncipal accounting pollcles (continued) Investments Cuent asset investments are short terni investments with a maturity temi of no greater than one year, They include bonds and short tenn deposits. They are recorded at iheir initial cost less impairnient on the basis that they have maturity tenTAS of no greater than one year. CA$b and cash equivAlent$ Cash and cash equivalents in the statement of cash flows comprise cash on hand and demand deposits, bank overdrafts, and other short-temi highly liquid investtnents ihat are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value and nonnally have a maturity date of 3 months or less from the date of acquisition, Leases Rentals payable under operating leases are charged to the SOFA on a slraight line basis over th¢ period of the lease, Tax As a ¢harity* ihe company benefits from various exemplions afforded by tax legislation. It is therefore not liable to cooratIon tax on income or gains falling due within those exemptions. Recovery is made of tax deducted from r¢ceipts under gift aid. Golng concern The financial statemenls have been prepared on a going concern basis as the trustees believe that no material uncertainties ¢xisi. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from auihorising these financial statements. The budgeted income and expenditure is sufficient with the level of reseries for the charity to be able to ontinue as a going concern. Judgements and key sources of estlmatloD Uncertainty The following judgements including those involving eslimates have been made in the process of applying the above accounting policies that have had ihe most significant effect on the amounts recognised in the financial slatements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year: (i) deprlatIOn method and asset us¢ful lives The estimates and assumptions are reviewed on an ongoing basi5 considering the current and tUre market condilions.
25 TinyLife (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unrestrlcted Restrirted Funds Funds Total Unrestricted Funds Funds 2024 Restricted Funds Total Funds 2023 Legacies Give As You Earn Corporate and general donations 46,748 46,748 47,101 47,101 I2572 125,572 94.600 94,600 172,320 172a20 141,701 141,701 Income from ebaritable activities Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds Funds Funds 2024 Funds Funds 2023 Contractual payments Perfonnancc related grants Other 198,843 198,843 163,389 163,389 284,843 19,200 502,886 284,843 28,845 512,531 267,118 23,050 453.557 267,118 32,270 462,777 9,645 9,645 9,220 9,220 Income from other trading activities Unrestricted Restricted Total Funds Unrestricted Funds Funds 2024 Funds Restri¢ted Total Funds Funds 2023 Fundraising evenis 220,541 220,541 137,398 137,398 220,541 220,541 137,398 137,398
26 TinyLife (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CoAtinMedJ YEAR ENDED 31 MARCH 2024 5. Income from fjnvestments Unrestrlcted Restricted Tolal Fund$ Unrestricted Restricted Tolal Funds Fund$ Funds 2024 Funds Funds 2023 Interest-dq)osits 18,969 18,969 18,969 18,969 5,640 5,640 5,640 5,640 Charitable i¢tlvltles - Support ServiceslEdueAtlonlAwarenesslResearth Unrestrlcted funds Restrlcted funds Total 2024 Total 2023 Salaries and wages Other cosls Grants paid 82.674 70,643 427,929 83,214 79,791 510,603 1 $3,857 79,791 389.445 185,334 42.603 153,317 590,934 744,251 617,382 Analysis of expenditure on ¢hAritible actlvities Activities undertaken directly Grant funding of activities Support costs Total 2024 Support Services Fducation Awareness programmes Research 461,895 51,596 54,703 15,092 40,850 38,941 56,608 14,855 8,773 938 559J53 105J92 63,476 16,030 744,251 583,286 79,791 81,174
27 TinyLife (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Conlinued) YEAR ENDED 31 MARCH 2024 Analysis of expenditure on charitable activities (conlinued) Activilies undertaken directly Grant funding Support costs of activities Total 2023 Support Services Education Awareness programmes Research 390,244 47,826 41,202 14,149 493,421 9,500 33,103 55,979 14,971 9,108 1,300 455,723 95,900 50,310 15,449 42,603 81,358 617,382 £590,934 (2023 - £411,580) of the above costs were altributable to restricted funds. £153,317 {2023 £205,802) ol thc abovc c051s were attributable to unrestricted funds. Alloeatlon of support costs Ralslng Funds Sub- total Charllible Aetivities Support cost Basis of Ilocation Support services Su Tot81 Total 2024 Education Awareness Research Governance Finance Infornialion ie¢lmology Depreciation Office costs (incl. rental) Other Activity Time 938 15,204 939 24,327 938 6,082 938 938 3,753 30,409 4,691 45,613 Floor Area FloorArea 2,638 I,746 6,155 4,654 ,538 1,538 9.231 6,982 11,869 8,728 Floor Area Per capila 7a90 354 19,708 825 4.927 206 4,927 206 29,562 1,237 36,952 1,591 Total 28,270 56,608 14,855 8,773 938 81,174 109,444
28 TinyLife (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 AllocAtion of support costs fcontinued) Raising Funds Sub- Charitable Activities Support cost Basis of allocation Support services Sub- Total Total 2023 Education Awareness Research Governance Finance Inlonnation iechnology Depreciation Office costs (incl. renial) Other Aclivity Time 1,301 14,656 1,301 23,449 1,301 5,862 1,301 ,300 5,203 29,311 6,504 43,967 Per Capita Floor Area 2,740 1,500 6,394 4,000 1,599 I,(M)O 1,598 1,000 9,591 12,331 7,500 Floor Area Per capita 7,372 504 19,659 1,176 4,915 294 4,915 294 29,489 1,764 36,861 2,268 28,073 55,979 14,971 9,108 1,300 81.358 109,431 Governance costs 2024 2023 Note Auditor's remuneralion (including expenses and benefits in kind) Trustee remuneration Trustee ¢xp¢nses Legal fees Other 12 13 13 3,000 2,628 1,691 3,876 4,691 6,504 10. Analysi5 of grants paid Grants to Individuals Grants to Instltutlons Total 2024 Aware (Positive Minds for Premature Parents) Parenting Nl (Positive Minds for Premature Parents) Aware (Mental Health Fund) Parenting NI (Mental Health Fund) (cenS University Belfast Cash For Kids 4,060 9,258 12,880 12,743 4,060 9,258 12,880 12,743 23,000 23,000 17,850 17,850 17,850 61,941 79,791
29 TinyLife (A company limited by guarantee) NOTES TO THE FIIYAIYCIAL STATEMENTS (Con¢inued) YEAR ENDED 31 MARCH 2024 10. Analysis of grants Pvdid (continued) Aware (Posilive Minds for Premature Parents). Parenting Nl (Positive Minds for Premature Parents). Aware (Mental Health Fund). Parenting Nl (Mental Health Fund). Queen University Belfast (PMPP evaluation). Cash for Kids hardship fund paymenls. Grants to Grants to Individuals Institutions Total 2023 Aware(Positive Minds for Premature Parents) Parenting NT (Positive Minds for Premalure Parents) Cash For Kids 16,240 16,863 16,240 16,863 9,500 9,500 9,500 33,103 42,603 Aware (Positive Minds for Premature Parents). Parenting Nl (Positive Minds for Premature Parents). Cash for Kids hardship fund payments. 11. Net expendlture for the year 2024 2023 Thls Is stated after charging Staff costs (note 14) Fees payable to the company's auditor for audil of the accounts Depreciation of tangible fixed assets - owned assets Operating lease payments 688,806 3,000 21,164 20,200 593,078 2,628 23,243 19.200 12. Auditor'5 remuneration The auditor's remuneration amounts to an audit fee of £3,000 (2023: £2,628) and other services of £Nil (2023: £Nil).
30 TinyLife (A company Ilmlted by guarantee) NOTES TO THE FIIYAI¥CIAL STATEMENTS (Conllnued) YEAR ENDED 31 MARCH 2024 13. Directors, and key managemeDt personnel remuneration and expenses The tolal amount of remuneration and benefits receivoj by directors and key management in the year was £208,732 (2023., £207,181). The charity considers its key management personnel comprise of the Board of Directo and The Senior Management team. During the year, the directors neither received nor waived any remuneration; nor accrued any pension arrangements and were not reimbursed expenses (2023: £Nil). 14. Staff costs and employee benefits The average monthly numb¢r of employees and full time equivalent (FfE) during the year was as follows: 2024 Number 2024 2023 Number 2023 FTE Raising funds Charitable activities Governance 19 13 16 27 19 24 17 The tolal staff costs and employees, benefits was as follows: 2024 2023 Wages and salaries Social security Defined contribution pension Costs Other employee benefits 588,034 508,553 43,952 38,146 56,552 45,729 650 688,806 593,078 2024 2023 Allocated io: Raising funds Support services Education Awareness Research Other 143,272 139,960 389,212 334,571 51.596 28,299 54,703 41,202 15,092 14.149 34,931 34,897 688,806 593,078
TinyLife (A eompany Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 14. Staff Costs and employee benefits (continued) The number of employees who received total employee benefits (excluding employer pension costs) of more than £60,000 is as follows.. 2024 No. 2023 No. £60,001- £70,000 IS. Taxation The charity is a registered charity, and as such is enlitled to certain tax exemptions on income and proflts from investments, and surpluses on any trading aclivilies carricd oul in the furtherance of the charity's primary objectives, if ihese profits and surpluses are applied solely for charitable purposes. The chariiy is not registered for VAT and, accordingly, all their expenditure is inclusive of any VAT incurred. 16. Tanglble assets Flxtures, rittings v4nd equipm¢llt Total Cost At l April 2023 and as at 31 March 2024 205,238 205,238 Accumulated depreclAtlon Ai l April 2023 Charge for the year 158.282 21.164 158,282 21,164 At 31 March 2024 179,446 179,446 Net book amount At 31 March 2024 25,792 25,792 At 31 March 2023 46.956 46,956
32 TinyLife (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR EIYDED 31 MARCH 2024 17. Debtors 2024 2023 Prepayments and accrued income 25,182 19,389 18. Current a55et investments 2024 Total 2023 Total Short term deposits Short deposits At l April 2023 Additions Disposals At 31 March 2024 170,000 170,000 255.000 255,000 170,000 170,000 170,1K)O 170,000 (170.000) (170,000) (255,000) (255,000) 170,000 170,000 170,000 170,000 £85,000 invested in a l-year fixed terni d¢posit account wilh an interest rate of 4.30/0 matured on 24 Oclober 2023 and £85,0(M) invested in a l year fixed tern] dep)sil account with an int¢r¢st rate of 3.751)/o matured on 27th October 2023. During the year, monies were invested in short temi dcposits. £85,000 invested in a l year fixed tern] deposit account with a maturity date of 30th Ociober 2024 and an interest rate of 5.65 % and £85,000 invested in a six month tcmi dcposit account with a maturity date of 29111 April 2024 and an interest rate of 5.400/0. 19. Creditors: Amounts falling due withln one year 2024 2023 Other tax and social security Other creditors Accruals Deferred income 11,422 7,015 36,570 12,657 18,144 24,298 20,000 75,099 55,013
33 TinyLife (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Coniinued) YEAR ENDED31 MARCH 2024 20. Contlngent liability The charitable company has a contingent liability lo repay grants received if the company fails to comply with certain conditions stipulat¢d in the Idter of offer and tern]s and condilion8 of contract under which thc grants were paid. The directors do not expect any claims to be made in this r¢sp¢ct. 21. Fund reconciliation Unrestrieted fund$ Balance at l April 2023 Balance At 31 MAreh 2024 Income Expenditure Transfers Unrestricted 357,741 421,475 (410,498) (410,498) 368,718 357,741 421,475 368,718 Balance at l April 2022 Balance at 31 March 2023 Income Expenditure Transfers Unrestricted 499,765 293,959 (448,769) (448,769) 12,786 357,741 499,765 293,959 12,786 357,741 Restricted funds Balance at l April 2023 Balance at 31 Mareb 2024 Income Expenditure Transfers Restricted 97,659 502.886 {590,934} 9,611 9,611 97.659 502,886 (590,934) Balance at l April 2022 Balance at 31 March 2023 Income Expendilure Transfers Restricted 68,468 453.557 (411,580) (12.786) 97.659 68.468 453,557 (411,580) (12.786) 97.659
34 TinyLife (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Condnued) YEAR ENDED31 MARCH 2024 22. Restricted funds Balance at 31 March 2023 B4lsllce at 31 March 2024 Movement in funds Outgoing Transfer out Incoming Support Service51 Educatioo l Awareness NHSCT NHSCT SHSCT PHA PHA Awards For All SPPG Big Lottery Fund Menlal Health Fund SEHSCT WHSCT SPPG (Western Trust) WHS Cash For Kids Clear Projccls Department of Education Department of Education BHSCT Dom)ant Accounts 15,000 22,653 21,305 26,245 2,550 10,000 22,0(N) 35,116 7,000 22,312 20,778 18,000 3,000 19,200 5,520 160,202 34,264 25,000 32.741 15,000 22,653 21,305 26,245 2,550 6,089 22.000 81,710 54,515 22,312 20,778 18,000 3,000 17,850 4.720 160,202 34,264 25,000 32,741 3,911 46,594 47,515 3,550 4,900 97,659 502,886 590,934 9,611 NHscf Salary . family support services in the Northern Health and Social Care Trust area. SHSCT - family sUPPOrt services in the Southern Health and Social Care Trust area. PHA Cost of Living support. PHA Breast pump loan services. Awards For All TinyGym. Mental Health Fund - Support Services. SPPG - funding for family support programme. Big Loti¢ry Fund - Positive Minds for Premature Parents Programme. SEHSCT -- funding for family support in the South Eastern Health & Social Car¢ Trust area. WHSCT funding for family support in the Western Health & Social Care Trust area. SPPG (Western Trust) funding for family support in the western Health & Social Care Trust area. Clear Projccts - Christmas sensory parties for families. Department of Education Tinyslart Programme. Department of Education - Schools Programme. BHSCT - Family support services in the Belfast Health & Social Care Trust area. Dorniant accounts - Strategic development funth'ng. Cash for kids - hardship fiu]ding.
35 TinyLife (A cornpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 22. Restricted funds (continued) Balance at 31 March 2022 Balance at 31 March 2023 Movement in funds Oulgoing Transfer out Incoming Support Servicesl Education l Awarene55 NHSCT NHscr SHSCT PHA PHA Halifax Foundation SPPG Big Lottery Fund Mental Health Fund SEHscr WHSCT SPPG (Western Trust) Cash for Kids Clear Projects Department of Education Department of Education Openwork Dorniant Accounts 15,000 17,150 20,576 21,375 2,5(HJ 15,000 17,150 20,576 21,375 2,5(K) 3,023 3,023 22,0) 81,594 47,515 20,0(M) 20,788 24,000 13,050 4,502 95,715 19,625 10,000 18,167 22,0(K) 78,337 22,108 20,000 20,788 23,393 9,500 4,502 89,012 18,375 10,000 16,964 43,337 22,108 46,594 47,515 607 3,550 6,703 1,250 1,203 68,468 453,557 411,580 12,786 97,659 NHscf Salary family support services in the Northern Health and Social Care Trust area. SHSCT - family support services in th¢ Southern Health and Social Care Trusl area. PHA Service enhanc¢m¢nt. PHA - Breast pump loan services. Halifax Foundalion - Digital Equipment. Charities Aid Foundation patient Organisalions. Mental Healih Fund - Support Services. T¢sco Bags of Help Breast pump kits. HSCB - funding for family support programme. Big Lottery Fund Positivc Minds for Prematurc Parents Programme. SEHSCT - funding for baby massage in the South Easlern Health & Social Care Trust area. WHSCT family support services in ihe Western Health and Social care Trust Area. Cash for Kids hardship funding. Family Fund hardship funding.
36 TinyLife (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 23. Fund descrlptions a) Unrestricted funds Funds whlch are expendable at the discretion of the Charity in furtherdnce of ils objectives. In addilion to expenditure on activities such funds may be held in onler to fuwice capital investment and working capital. b) Designated funds The Irustees have not designated any funds to be allocatd towards specific PUTPOS&8 (2023: £Nil) c) Restricted funds Reslricted funds are to be used for specified pUrpoS as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of overheads and support costs. 24. Pension The charilable wmpany operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charg¢ represents contributions payablc by the company to the fund and amounted to £56,552 (2023: £45,729), The amount of pension costs accrued at th¢ year end amounted to £Nil (2023: £Nil). 25. Analysls of Det Assets between funds Unrestrict¢d Designated funds funds Restricted funds 2024 Total Fixed ass¢t5 Cash and other currenl assets Current liabililies 25,792 397,939 (55.013) 368,718 25,792 407,SSI {55,013) 9,611 Total 9.611 378.329 Unrestricted Designated funds funds Restricted 2023 Total Fixed assets Cash and current assets Other current liabilities 46,956 385,884 (75,099) 46,956 483,543 (75,099) 97,659 Total 357,741 97,659 455,400
37 TinyLife (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 26. Reconciliation of net expenditure to nel cash flow from operating activities 2024 2023 Net expenditure for year (77,071) {112,833) Depreciation and impainnent of tangible fixed assets Interest from investments Loss on disposal of fixed assets Increase in debtors (Decrease)/increase in creditors Net cash flow from operaling activities 21,164 (18,969) 23,243 (5,640) (5,793) (20,086) (100.755) (5,582) 34,790 (66,022) 27. Flnaneial commitment No contracts had been placed for fulure capital expendilure al the balance sheet date. 28. Operatlng leases - lessee Total future minimum lease payments under non-cancellable operating leases are as follows: 2024 2023 Not later than one year Later than one year and nol later ihan five years 15,150 20,200 15,150 15,150 35,350 29. Liability of members TinyLif¢ is a company limited by guarantee and doe5 not have a share capital. It is governed by a Memorandum and Articles of Association and the liability of members is limited to an amount nol exceeding £1. 30. Ultimate controlling party There is no uliimate controlling party.
38 TinyLife (A company limited by guarante¢) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED31 MARCH 2024 31. Related parties Th¢ were no related party transactions during the year (2023: £Nil). 32. FlnvdDcial instruments The carrying amounts of the charity's financial instrum¢nts are as follows: 2024 2023 Financial assets.. Debt instruments measured at cost less impairnient: Current asset investments - l year fixed terni deposil Current asset investments six month fixed ienn deposit 85,000 85,000 170,000 170,000 170,000 The total inlerest income and interest expense for financial asS¢ts atKI financial liabilities was £18,969 {2023: £5.640) and £Nil (2023: £Nil) respectively.