DRAFT FINANCIAL STA TEMENTS 4 December 2024 Charity Number: 101993 Northern Ireland Perinatal Trust Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2024 Mccleary & Company Ltd Chartered A¢¢ountants Garvey Studlos 14 Longstone Street Lisburn Co Antrim BT28 1TP
Northern Ireland Perinatal Trust CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements Supplementary Information relating to the Financial Statements 16
Northern Ireland Perinatal Trust TRUSTEES. AND OTHER INFORMATION Trustees Dr Clifftjrd Mayes Ms Mauen O'Dowd Charity Number in Northern Ireland 101993 Princlpal Address Clo NICU Royal Maternity Hospital Grosvenor Road Belfast Co. Anlrim BT12 68B Indepondent Examlner Mccleary & Company Ltd Charted Accountsnts Garvey Studios 14 Longslone Slreel Lisbum Co Antrim BT28 1TP
Northern Ireland Perinatal Trust TRUSTEES, REPORT for Ihe financial year ended 31 March 2024 The trustees psent their Trustees, Report and the unaudited financial statements for the financial year ended 31 March 2024. The financial slalements are prepared in accordance with the Charities Act {Northern Ireland) 2008, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charlties.. Statement of Recommended Practlce applicable lo charities preparing their financial slalements In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. Who we are The Northem Ireland Perinatal Trust {operating as the Perinatal Trust Fund (Nl}I, is a small local charity registered with the Charity Commission for Northern Ireland http.'Ilwww.charitycommissionni.org.ukJcharitydetailsl?regid=101993&subid=O). INIC101993, see We are recognised for tax purposes by HMRC in line with paragraph 1, Schedule 6 of the Finance Act 2010 (HMRC number Nl 00602). We rely wholly on donations and are gratefvl lo all our supporters who have given freely and generously. Without their help we would be unable lo fulfil our stated purposes. The Trustees. Report contains the information required lo be provided in the Trustees, Annual Report under the Statement of Recommended Practice {SORP} guidelines. The trustees of the charity are also charity trustees for the purpose of charity18w and under the charity's constitution are known as members of the board of truslees. In this report the trustees of Northern Ireland Pertnatal Trust present a summary of its purpose. governance. activities, achievements and finances for the financial year 31 March 2024. The charity is a registered charity and although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisalion has implemented ils recommendations where relevant in these financial $18tements. Mission, Objectives and Strategy Misslon Statement What we do (our Pufposes) We help purchase medical and other equipment for the Regional Neonatal Unit, Royal Maternity Hospital, Belfast. We support education and training of staff in the Regional Neonatal Unit, Royal Maternity Hospital. Belfast by funding attendance at COnferenS. courses and in lertiarylprofessional education. We support research into problems of newbom babies in Northem Ireland, by providing lop-up funding for consumables or short-tem staff salaries. Whom we benefit Our primary beneficiaries are babies from all over Northern Irand. These a often premature or very sick newbom babies. The intended benefits to these babies are improvements in their health and welfare, and better health outcomes including improved survival. Benefits can be measured in a variety of ways induding.. feedback from parents and staff.. annual unit stati51ics,' local benchmarking within th& Nl neonatal network and nationallinternalional benchmarking within the Vermont-oxford Neknrk and 0th8r national registers. There are incidental bene)Ils to the babies, parents and families as a result of improved sutvlval. There are incidental benefils to staff in the Regional Unit, including professional development and training that gnables them lo do their jobs better. Governing Docurnent The charity is controlled by ils governing document, a deed of trust and conslilules an unincorporaled charity. Review of AGtivities. Achlevements and Performance What we did in 2023-24 A detailed financial report can be accessed on the Northern Ireland Charities commission website. Unfortunately in the past staff aGlivitie5 were impacted by COVID 19. However the year to April 2024 saw Significantly MO activity than Ihe previous year. We have provided funding for the following areas in keeping with our purposes.. Equipment and other items We have purchased the following items. which have been used for the care of babies in NICU, or to support their parenls:
Northern Ireland Perinatal Trust TRUSTEES, REPORT for the financial year ended 31 March 2024 - A Mindray cardiac scanner Mg Postage for bereavement cards High fidelity premature simulation doll repair Preterm clothing for families in financial hardship. Wortd prematurity day event - Preemie Ann battery & service. Purchase of Monivenl Neo 100 & Monivent Neo Training System Tralning and education Training of the neurodevelopmental team in advanced Prechll. - An education day for the Neonatal team on neuro•intensive care. - A Sim team memberwas supported in attendance at a debrief course - A regional teaching day on Neonatal End of Life care was supported. Staff attendance at MPROVE Neonatal Simulation Instructor course and Difficult airway course. Adept fellow supported attending SESAM international conference (verbal presenlalionl. Band 6 attendance at the Reason study day. Band 7 supported fees for online Msc in patient safety and human factors - Consultant attendance at Reason,BAPM and Neocard conferences Specialty doctor attendance al Jens conference. - 2 ST7 doctors attending Neonatal simulation echo course. Los Angeles Band 7 nurse attending GIC ¢ourse 3 nurses attending annual UNICEF UK BFI conference Band 5 & 2 Band 6 nurses attending Neonatal Surgical course, Bimiingham's Womens Band 6 nurse attending BAPM conference in Sheffield ST6 doctor funded for Msc module in Neonatal Pulmonology (University of Soulhamplon) Adept fellow & specialty doctor funded to attend BAPM conference (3 poster presentations) Band 6 nurse supported to attend Intemalional Neonatology Association in Dublin Band 8A Dietitian supported lo allend BDA module neonatal Nutrition day and face to face workshops Band 6 nurse & Neosim le8m visited St George's Hospital NICU in London regarding Maquet ventilators. ST6 doctor supported to attend International Forum on Safety and Quality Band 6 nurse supported to attend Council of International Neonatal Nursing Conference in Aalborg (poster presentation) Local Courses= Running of the Belfast Newborn Life Support (NLSI Course.. this is a Resuscitation Council (UK) - accredited national resuscitation course run 24 times per year. Annual outlay includes registration with RC {UK), purchase of course tnanuals. upkeep of teaching equipment and reimbursement of instructor expenses. During the year 2023124 the course ran on 12th and 13th September 2023. Research No studies were supported. Financlal Review The results for the financial year are sel out on page g and addillonal notes are provided showing income and expenditure in greater detail. Results and Divld?nds At the end of the financial year the charity has assets of £228.01612023 £223.886) and liabilities of £1.14012023 £600). The net assets of the charity have increased by £3,590. Roference and Administrative details Charity administration Annual aGcountancy fees Trustee indemnity insurance Llability and equipment insurance for the Newborn Life Support course. JuslGlving membership charges.
Northern Ireland Perinatal Trust TRUSTEES. REPORT for the financial year ended 31 March 2024 Compliance wlth Sector-wlde Legislation and Standards Statement of Compliance In setting our objectives and planning our activities for the year, the trustees have carefully considered the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purpose and provide a benefit lo the beneficiaries. The charity engages pro-actively with leglslation. standards and codes which are developed for the sector. The Charities SORP IFRS 102) Approved by the Board of Trustees on and signed on its behalf by., Dr Cliffor Trustee May Ms Maurgen O'Dowd Trustee
Northern Ireland Perinatal Trust STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees are responsible for preparing the financial slalements in accordance with applicable law and regulallons. The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end dale and of the surplus or deficit of the charity and otherwise comply with the Charilies Act (Northern Ireland} 2008. In preparing these financial slalemenls, the trustees are required lo.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP make judgements and accounting eslimales that are reasonable and prudent.. slate whether the financial statements have been prepared in accordance with applicable accounllng standards, identify those standards, and note the effect and the reasons for any material departure from those sl8ndards,' and prepare the financial slalements on the going concem basis unless it is in8pproprlate lo presume that the charity will continue in operation. The trustees confimi that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitys Ir8ns8Ctions and disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detects'on of fraud and other irregularities. Approved by the Board of Trustees on and signed on St$ behalf by: Dr Clifford Maye Trustee Ms Maureen O'Dowd Trustee
Northern Ireland Perinatal Trust INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF NORTHERN IRELAND PERINATAL TRUST I have examined the financial slalements of the charity for the financial year ended 31 March 2024, whlch comprise the Statement of Financlal Aclivilies, the Balance Sheet and the related notes. This report is made solely lo the charfty's members, as a body. in accordance wtlh the Charities Act (Northern Ireland) 2008. My work has been undertaken so that I might compile the financial slalemenls that I have been engaged lo compile, report lo the Board of Trustees that I have done so, and slate those matters that I have agreed lo state to them in this report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for my work, or for this report. Respè¢tive responslbilitios of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in a¢¢ordance with the requirements of the Charities Act (Northern Ireland) 2008. The charity's trustees consider that an audit is not required for this financial year under the Charities Act (Northem Ireland) 2008 and that an independent examination is required. It is my responsibility to- examine the financial statements under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9llbl of the Charities Act., and slate whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity financial slalements as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9llb) of the Charities Act. An examillation includes a review of the accounting records kept by the charity and a comparison of the financial slat8menls presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequendy no opinion is given as to whether the accounts present a 'true and fair. view and the report is limited to those matters sel out in the statement below. In connection with my examination, no matter has come to my attention which gives me cause lo believe that in, any material respect.. accounting records were not kept in accordance with section 63 of the Chartlies Act the financial statements do not accord wllh those accounting records the financial statements have not been prepared in accordance with the Statemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) there is further informalion needed for a proper understanding of the accounts lo be reached. Independent exarniner's statement I have no concems and have come across no other mattels in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. John eary FCA MCCLEARY & COMPANY LTD Chartered Accountants GaNey Studios 14 Longslone Street Lisbum Co Antrim BT28 1TP Date: ...............................
Northern Ireland Perinatal Trust STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 March 2024 UnrestrlGted Funds 2024 Total Unrestricted Fund$ Funds 2024 2023 Total Funds 2023 Notes Income Donations and legacies Investments Other income 68,863 66 10,891 68,863 66 10,891 53.646 50 6,470 53,646 50 6,470 Total Incomg 79.820 79.820 60,166 60,166 Expenditure Charitable activitiés 76.230 76.230 74,579 74,579 Net incomellexpenditure) 3,590 3,590 114.413) (14,4131 Transfers between funds Net movement in funds for the financlal year 3.590 3.590 {14,4131 (14,413) Reconciliation of funds: Total funds beginning of the year 223.286 223.286 237,699 237.699 Total fvnds at the end of the year 226,876 226.876 223.286 223.286 The Statement of Financial Activities includes all gains and losses recognised in the financial year. l income and expenditure relate to continuing activities. The notes on pages 1110 14 form part of the financlal statements
Northern Ireland Perinatal Trust BALANCE SHEET as at 31 March 2024 2024 2023 Notès Current Assets Cash at b8nk and in hand 228,016 223,886 Creditors.. Amounts falling due wlthln one year (1,1401 16001 Net Current Assets 226,876 223,286 Total Assels less Current Liabilities 226.876 223.286 Funds General fund {unreslricted) 226.876 223,286 Total funds 226,876 223,286 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard. Approved by the Board of Trustees and authorised for Issue on behalf by and slgned on its Dr Clifford Trustee - Ms Maureen O'Dowd Trustee The notes on page$ 1110 14 form part of the financSal statements 10
Northern Ireland Perinatal Trust NOTES TO THE FINANCIAL STATEMENTS for the finan¢ial year ended 31 March 2024 GENERAL INFORMATION Northern Ireland Perinatal Trust is an unincorporated ¢harity in Northern Ireland. The prlnciple office of the charity is cjo NICU Royal Maternity Hospital, Grosvenor Road, Belfast. Co Antrim, BT12 6BB. The financial statements have been presented in Pound 1£) whi¢h is also the functional currency of the charity- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statemenls have been prepared on the going concern basls under the historlcal cost convention. modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As permitted by the Companies Act 2006, the charity has varied the standard fomals in that act for the Slalement of Financial Activities and the Balance Sheet. Departures from the standard formals are lo comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of ¢ompliance The financial statements of the charity for the financial year ended 31 March 2024 have been prepared on the going concem basis and in accordance with the Slalement gf Recommended Practice ISORPI 'Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland FRS 102. applying Section 1A of that Standard. Fund accountlng The following are the categories of funds maintained.. RestriGted funds Restricted funds represent incorne received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. Unrestrlctod funds Unrestricted fvnds consist of General and Designated fvnds. Gener21 funds represent amounts which are expendable at the discrekn'on of the board, in furtherance of the objectives of the charity. Designated funds comprtse unrestri¢ted funds that the board has, al its discretion, set aside for particular purposes. These designations have an administrativ8 purpose only, and do not legally restrict the board's discretion to apply the fund. Income Income is recognised by inclusion in the Ststement of Financial Acllvities only when the charity is legally enlilled to the income. perf0mlan conditions attached to the itemls) of income have been mel, th8 amounts involved can be measured with sufficient reliability and il is probable that the income will be received by the charity. Income from charitable activities Income from ¢harilable activities include income eamed from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from governmenl and other co-funders Is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained In the related funding agreements. Where a grant is received in advance, it5 recognition is deferred and included in cre(Jitors. Where entitlement occurs before income is received, it is accrued in debtors. Grants from govemments and other co-fvnders typically Include one of the followlng types of conditions: Perfomiance based conditions: whereby the charity is contractually enlttled to funding only to the extent thal the COTe objectives of the grant agreement are achieved. Where the charity is meeting the CO objectives of a 11
continued Northern Ireland Perinatal Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 grant agreement, it recognises the related expenditure. to the extent that it is reimbursable by the donor, as income. Time based condllions.. whereby the charity is contractually entitled to fundlng on the condition that il is ulilised in 2 particular period. In these cases the charity recognises the income to the extent it is ulili5ed within the period specified in the agreement. In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once Ihe charity is notified of enlillement. Grants received towards c8Pital expenditure are credited lo the Statement of Financial Activities when received or receivable, whichever is earlier. Expendlture Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed. and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated lo activities in proportion to staff lime spent or other suitable measure for each activity. Cash at bank and in hand Cash at bank and in hand comprises cash on depostt at banks requiring less than three months notice of withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. The charity is exempl from tax on its charitable activities. INCOME DONATIONS AND LEGACIES Unrestricted Restrleted Funds Funds 2024 2023 Donations and legacies 68,863 68.863 53.646 INVESTMENTS Unrestrl¢ted Restricted Funds Funds 2024 2023 Investments 66 66 50 OTHER INCOME Unrestrlctsd Restricted Funds Funds 2024 2023 Other income 10,891 10,891 6,470 EXPENDITURE CHARITABLE ACTIVITIES Dire¢t Costs Other Costs Support Costs 2024 2023 Expenditure on charitable aclivites 70,340 5.890 76.230 74,579 12
continued Northern Ireland Perinatal Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 SUPPORT COSTS Charltable Activitles 2024 2023 Support 5,890 5,890 8,698 ANALYSIS OF SUPPORT COSTS 2024 2023 Support 5,890 8,698 INVESTMENT AND OTHER INCOME 2024 2023 Investment income 66 50 CREDITORS Amounts falling due within one year 2024 2023 Accruals and deferred income 1,140 600 RESERVES 2024 2023 Al the beginning of the year SurplusllDeficit) for the financial year 223,286 3,590 237.699 {14,413) At the end of the year 226,876 223,286 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Funds At 1 April 2022 Movement during the financial year 237.699 (14,413) 237.699 114,4131 At 31 March 2023 Movement during the financial year 223.286 3,590 223.286 3,590 Al 31 March 2024 226.876 226,876 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Incomg Expgnditure Transfers betW99n funds Balaneo 31 March 2024 Unrestrlcted funds Unreslricled General 223.286 79.820 76.230 226.876 Total funds 223,286 79.820 76,230 226.876 13
continued Northern Ireland Perinatal Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 ANALYSIS OF NET ASSETS BY FUND Current assets Current Ilabilities Total Unreslricled general funds 228,016 {1,140} 226,876 228,016 {1,140) 226,876 10. TRUSTEES. REMUNERATION There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023 There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023 11. RELATED PARTY TRANSACTIONS There We no related paty transactions for the year ended 31 March 2024. 12. POST-BALANCE SHEEf EVENTS There have been no significant evenls affecting the Charity since the financial year-end. 14
DRAFTFINANCIAL STA TEMENTS 4 December 2024 NORTHERN IRELAND PERINATAL TRUST SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 15
Northern Ireland Perinatal Trust SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2024 2024 2023 Income 79,754 60,116 Expenses Insurance Printing, stationery & advertising Legal and professional Professional training & education Accountancy Bank charges Sundries Grants of equipmenv resources Grants to individuals 1,165 67 2,983 32,341 1,140 535 979 1,400 5.015 16,894 600 704 135 47,783 1,069 36,433 1,566 76,230 74,579 Miscellaneous in¢ome Income from unlisted investments 66 50 Net surplusl{d8fi¢it} 3,590 114,413) The supplementary information does not form part of the financial statements 16
ACCOUNTS STATUS Northern Ireland Perinatal Trust Financial Statements 31st March 2024 Task Staff Status Completed Narration Books Requested Not Started Books ReiVed Not Started Draft TB Not Started Partner Review Not Started Adjustments Not Started Adjusted Profit Comp Not Started Final Adjustment Not Started Ready for Signing Not Started Accounts Filed Not Started Closedown Not Started