Little Forget Me Nots Trust Annual Report and Unaudited Financial Statements for the financial year ended 1 April 2023 Daly Park & Company Llmited Chartered Accountants and Registered Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Charity Number: 108225
Little Forget Me Nots Trust CONTENTS Page Trustees, and Other Information Trustees, Report statement of Twstees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements
Little Forget Me Nots Trust TRUSTEES, AND OTHER INFORMATION Trustees Mary M¢Alinden (Appointed 2 April 2022) Shauna Lyness (Appointed 2 April 2022) Jemma Branniigan (Appointed 2 April 2022) Charity Number in Northern Ireland 108225 Principal Address 2 North Street Lurgan Craigavon County Amiagh BT67 9AQ Northern Ireland Independent Examiner Daly Park & Company Limited Chartered Accountants and Registered Auditors 4 Carnegie Street Lurgan Co. Amiagh BT66 6AS Northem Ireland
Little Forget Me Nots Trust TRUSTEES, REPORT for the financial year ended 1 April 2023 The trustees present their TrLtstees' Report and the unaudited financial statements for the financial year ended 1 April 2023. The financial statements are prepared in accordance with the Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the information required to 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 charity law and under the charity's constitution are known as members of the board of trustees. In this report the trustees of Little Forget Me Nots Trust present a summary of its purpose, govemance, activities, achievemenls and finances for the financial year 1 April 2023. 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 organisation has implemented its recommendations where relevant in these financial statements. Mission, Objectives and Strategy Mission Statement We aim to provide an open door and opportunities for families either collectively or individually who have needs that have evolved as a result of the death of an infant or pre teen child in Northern Ireland and in the Republic of Ireland, where applicable. These needs may be emotional. mental or practical and the Trust will use resources to either provide direct access lo servIs1c0unSel1lng and therapies. including art based therapies or alternatively souce and sign post lo suitable and appropriate resources and seNices. The Trust aims to provide a safe confidential space for family members to share and express their grief and experiences ensuring that appropriale emotional and practical support is at hand. The Trust also provides advocacy services where families and individuals require it. and to help develop policy around improving service provision for the bereaved from infantlpre teen child loss. The Trust also delivers educational support in schools and organisations to ensure that appropriate support is provided to bereaved families and individuals in community settings. Objectives The Trust aims to reach families right across Northern Ireland, supporting, guiding and empowering them through peer crafting sesions, fijndraising events and social media. Structure, Govemance and Management Structure The organisation is governed by ils Truslees. All new Trustees go through an induction and training process and are appointed as and when required and based on their skills and experience. The Trustees do not retire on an annual basis. The Trustees meet on a regular basis throughout the year to manage and control all aspects of the charity and also conduct regular risk assessments of the various operalional risks impacting the charity and its projects at home and abroad. Review of Activities, Achievements and Performance We have undertaken several projects this year as follows. Baby Loss Awareness Week Flower Release. 45 flowers were released into the Lagan by parents. siblings and other family members and friends in memory of children who have passed away. This was our first in-person event Our Little Remembrance Ride. 15 bikes took part in our lour around Lough Neagh. with over £3CQ in fundraising collected on the day. 'Just Be, Creative Pop-up cafes. 6 crafting sessions located across the region introducing new crafts and a safe Spa to meet others with similar experiences. Feedback included ' Relaxed atmosphere, made it easier talking to other mums, and'Thank you for putting these on, they're helping.,
Little Forget Me Nots Trust TRUSTEES. REPORT for the financial year ended 1 April 2023 Financial Review The results for the financial year are set out on page 9 and additional notes are provided showing income and expenditure in greater detail. Incorne Funding awarded in 2022123 Comic Relief £3.000 - Project Coordinator Role. Part time project coordinator engaged to work alongside the committee to deliver a range of short term goals, complete funding applications and devise an Action Plan lo support how the group plan their future work. Future Screens Art Work Fund £60,326.16 over three years (£21,918.90 which has been drawn down). Community Connections Officer employed and now 6 months into a 3 year contact. National Lottery Communily Fund - £9,750. Ten bereaved familiés will receive access to art therapy sessions. Results and Dividends At the end of the financial year the charity has assets of £39,631 and liabilities of £951. The net assets of the charity are £38,680 Reserrfes Position and Policy As a charity, LFMNT is entirely dependent on fundraising income and grant income. Due to the uncertaint of both of these income streams, it is prudent to hold reseNes of £30.000 to fund six months operating costs together with a contingency ft)r other unexpected costs. This amounl shall be built up within the first number of years of the Trust's work an maintained at the agreed level. The designated reseNes shall be notedin the Trust's annual accounts. Trustees The trustees who served thoughout the year were as follows Mary McAlinden Shauna Lyness Jemma Brannigan In accordance with the Constitution, the trustees retire by rotation and. being eligible, offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The charity engages PraCtIve1Y with legislation. standards and codes which are developed for the sector. Little Forget Me Nots Trust subscribes to and is complianl wilh the following= The Charities SORP (FRS 102) Public Benefst Statement In planning and directing the work of the Trust. the trustees have considered and understand both elements of the public benefit requirement i.e. that there are direct benefits which are identffiable and are available to Ihe public or a section of the public. Examples of how the Trust's activities have fvrthered public benefit are outlined in the Review of Activilies, Achievements and Performance. Plans for Future Periods Plans for 2023124 include . 100k in 1 day challenge, a fundraising walk. Our Little ReMernbran Ride, the second annual ride taking place in Peatlands Park. 'Just Be. Creative Pop-up Cafes. we aim to continue to grow these sessions across Northern Ireland with a focus on 'hosted by. sesions led by service users. Six more families to be supported through art therapy continuing our art therapy programme.
Little Forget Me Nots Trust TRUSTEES. REPORT for the financial year ended 1 April 2023 Approved by the Board ofTrustses on 27 October 2023 and signed on its behalf by: Mary Mc Trustee inden
Little Forget Me Nots Trust STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 1 April 2023 The trustees a responsible for preparing the financial statements in accordance with applicable law and regulations. rhe law applicable to charities in Northern Ireland requires the trustees to prepafe financial statements for each financial year which give a true and fair view of the assets, liabilities ancs financial position of the charity as al the financial year end date and of the surplus or deficit of the charity and olheNise comply with the Charities Act (Northem Ireland) 2008. In preparing these financial statements. the trustees are required lo.. selecl suitable accounting policies and apply them consistently", obseNe Ihe methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent.. slate whether the financial statements have been prepared in aecordan¢e with the relevant financial Teporting framework, identify Ih05e standards. and note the effect and the reasons for any rnalerial departure from those standards., and prepare the financial slalements on the going concern basis unless it is inappropriate lo pSUrne that the charity will continue in operation. The Iruslees confimi that they have complied with the above requirements in prepaTtng the financial statements. The Iruslees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charit$ Iransadions and disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charitie5 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 detection of fraud and other irregularities. Approved by the Board of Trustees on 27 October 2023 and signed on its behalf by: Mary Mc Trustee linden
Little Forget Me Nots Trust INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF LITTLE FORGET ME NOTS TRUST We have examined the financial slatements of the charity for the financial year ended 1 April 2023, which comprise the Statement of Financial Activities, the Balance Sheet and the relaled notes. This report is made solely to the charity's members, as a body, in accordance with the Charities Act {Northern Ireland) 2008. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to Ihem in this report and for no other purpose. To the fullesl extent permitted by law, we do not acTrpl or assume responsibility to anyone other than the charity and the charills members, as a body, for our work, or for this report. Respective responsibilities of trustees and examiner The charity's Irustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008. The charily's trustees consider that an audit is not required for this financial year under Ihe Charities Act (Northern Ireland) 2008 and that an independent examination is required. It is our 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{9){b) of the Charities Act,. and state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519){b) of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presenled with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the truslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whelher the accounts present a 'lrue and fair. view and the report is limited lo those matters set out in the statement below. In Connection with our examination, no matter has come lo our attention which gives us cause to believe that in. any material respect.. accounting records were not kept in accordance with section 63 of the Charities Act the financial statements do nol accord with those accounting records the financial statements have not been prepared in accordance with the Statement of Recommended Practi applicable to charities preparrng their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) there is further information needed frjr a proper understanding of the accounts to be reached. Independent examiner's ststement We have no concerns and have come across no other matters in connection with the examination lo which attention should be draw sre ort in order to enable a proper understanding of the financial statements to be reached. PARK & COMPANY LIMITED ered Accountants and Registered Auditors rnegie Streel Lurgan Co. Armagh BT66 6AS Northern Ireland ha Date: 27 October 2023
Little Forget Me Nots Trust STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 1 April 2023 Unrestrictsd Restricted Funds Funds 2023 2023 Total 2023 Notes Income Donations and legacies Other trading activities 29,053 1,280 34,669 63,722 1.280 Total income 30,333 34,669 65,002 Expenditure Raising funds Charitable activities 1.194 7,644 1.194 25,128 17,484 Total Expenditure 8,838 17,484 26,322 Net incomel(expenditure) Transfers belween funds 21,495 (601 17,185 60 38,680 Net movement in funds for the financial year 21,435 17,245 38,680 Balances carried forward at 1 April 2023 21,435 17,245 38,680 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 1110 15 form part of the financial statements
Little Forget Me Nots Trusi BALANCE SHEET as al 1 ADril 202-. 2023 Notes Fixed Assets Tangible assets 1,307 CurrentAssets Cash al bank and in hand 38,324 Credltor$: Amounts falling due within one year 1951) Net Current Assetsl(Liabilitiesl 37,373 Total Assets less Current Liabilities 38.680 Funds Restricted trust funds General ftknd lunreslricted) 17,245 21.435 Total funds 12 38,680 The financial slalemenls have been prepared in accordance with the provisions applicable lo companies subject lo the sm811 Gompanies, regime 8nd in 8ccordance 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 27 OGtober 2023 and signed on its behalf by Mary MCAII Trustee Th8 notes on pages 11 10 15 fo part of the financial statements io
Little Forget Me Nots Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 1 April 2023 GENERAL INFORMATION Little Forget Me Nots Trust is a charity incorporated in Northern Ireland. The registered office of the charity is 2 North Street, Lurgan, Craigavon, County Armagh, BT67 9AQ, Northern Ireland which is also the principal place of business of the charity. The financial slatements have been presented in Pound Sterling 1£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with ilems which are considered material in relalion to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going conrn basis under Ihe historical cost convention. modified to include certain items at fair value. The financial statements have been prepared in accordance with the Slatement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As pemiitted by the Companies Act 2006. the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charilies SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the chariiy for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "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. Fund accounting The following are the categories of funds maintained: Restricted funds Restricted funds represent income received which can only be used for particular purposes. as specified by the donors. Such purposes are within the overall objectives of the charity. Unrestricted funds Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board. in furtherance of the objectives of the charity. Designated funds comprise unrestricted funds that the board has. at its discretion. set aside for particular purposes. These designations have an administrative purpose only. and do not legally restTiCt the board's discretion to apply the fund. 11
Little Forget Me Nots Trust NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 1 April 2023 Income Income is recognised by inclusion in the Statement of Financial Aclivilies only when the charity is legally entitled to the income, performance conditions attached to the item{s) of income have been mel, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the harity. Income from charitable activities Income from charitable 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 seNices lo be provided by the charity. Income from government 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. Vvhere a grant is reiVed in advance, its recognition is deferred and included in creditors. Vvhere entitlement occurs before income is reived. it is accrued in debtors. Grants from governments and other co-funders typically indude one of the following types of conditions.. performan based conditions.. whereby the charity is cOntrauallY entitled to funding only lo the extent that the core objectives of the grant agreement are achieved. Where the charity is meeling the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor. as income. -Time based condilions: whereby the charity is contractually entitled lo funding on the condition that il is utilised in a particular period. In these cases the charity recognises the income to the extent il is utilised 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 the charity is notified of entitlement. Grants received towards capital expenditure are credited to the Statement of Financial Activities when reiVed or receivable. whichever is eartier. Expenditure Expenditure is analysed beeen 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 to activities in proportion to staff time spenl or other suitable measure for each activity- Trustee Remuneration None of the trustees have been paid any remuneration during the current year. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets. less their estimated residual value, over their expected useful lives as follows.. Fixtures, frttings and equipment 15#/o Straight line Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months nolice 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. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future. or a right to pay less tax in the future. Timing differences are temporary differences beeen the Gharity's taxable profits and ils results as stated in the financial statements. Deferred tax is measured on an undiscounled basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on lax rates and laws that have been enacted or substantively enacted by the balance sheet date. 12
Little Forget Me Nots Trust NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 1 April 2023 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 Donations and legacies 29,053 34,669 63,722 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 Other trading activities 1,280 1,280 EXPENDITURE RAISING FUNDS Dlrect Costs other Costs Support Costs 2023 Raising funds 1,194 1.194 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 Expenditure on charitable activites 4,106 376 20,646 25,128 SUPPORT COSTS Charitable Activities 2023 Support 20,646 20,646 ANALYSIS OF SUPPORT COSTS 2023 Support 20,646 NET INCOME 2023 Net Income is stated after chargingl(crediting)". Depreciation of tangible assets 327 EMPLOYEES AND REMUNERATION The staff costs comprise: 2023 Wages and salaries Pension costs 11,451 353 11,804 13
Little Forget Me Nots Trust NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 1 April 2023 TANGIBLE FIXED ASSETS Fixtures, fittings and equlpment Total Cost Additions 1,634 1,634 At 1 April 2023 1,634 1,634 Depreciation Charge for the financial year 327 327 At 1 April 2023 327 327 Net book value At 1 April 2023 1,307 1,307 CREDITORS Amounts falling due within one year 2023 Taxation and social security costs (Note 10) Accruals and deferred income 800 951 10. TAXATION AND SOCIAL SECURITY 2023 Creditors: PAYE I NI 151 11. RESERVES 2023 Surplus for the financial year 38.680 At 1 April 2023 38,680 12. FUNDS 12.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restrictsd Funds Funds Total Funds At 2 April 2021 At 1 April 2022 Movement during the financial year 21,435 17,245 38.680 Al 1 April 2023 21.435 17,245 38.680 14
Little Forget Me Nots Trust NOTES TO THE FINANCIAL STATEMENTS conlinued for the financial year ended 1 April 2023 12.2 ANALYSIS OF MOVEMENTS ON FUNDS Income Expenditure Transfers betrween funds Balance 1 April 2023 Restricted funds UU Future Screens Nl The Community Foundation National Lottery Community Fund 21.919 3,000 9,750 13,629 3,C60 795 8,290 60 8,955 34,669 17,484 60 17,245 Unrestricted funds Unrestricted General 30,333 8,838 (60) 21,435 Total funds 65,002 26.322 38,680 13. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 15