OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

Charity number: SC048126

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 22

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees

Charity registered number SC048126 Registered office Baltic Chambers 50 Wellington Street Room 140 Glasgow G2 6HJ Accountants Armstrong Watson LLP Chartered Accountants 1st Floor 24 Blythswood Square Glasgow G2 4BG Bankers Royal Bank of Scotland 80 Main Street Coatbridge ML5 3DZ

Page 1

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of the Baby Loss Retreat for the year 1 January 2024 to 31 December 2024.

The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Objectives and activities

a. Policies and objectives

The organisation’s purposes are:

The organisation's objectives are:

The organisation's mission is:

The organisation's vision is:

Page 2

BABY LOSS RETREAT IA Scottish Charitable Incorporated Organisation) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perforrnance a. Main achievements of the charity 2024 has seen the busiest time the charity has had wth referrals of parents and families of baby loss. The charity has expanded its netrNork lo other NHS bodies over Scoljand to offer the counselling online and offer 2 days away at one of our Retreats in Glenrothes or Dumfries. We have continued to work with other baby loss and grief charrties to ensure continuity of service and ensure no parent is left in Isolats'on. The charity are members of the Glasgow Chamber of Commerce, BNI Glasgow, Royal College of M￿wiveS and have regular meetings Kings College, London on improvement of care in matemity units. The charity were proud lo have been awarded the mental health and wellbeing award in 2024 at the Peoples Choice awards Mthich was an honour to receive. The charity is proud lo have started its own baby loss In the workplace training which has been CPD certffied. This was rolled out to businesses who have seen great inft)mialion on how to deal with an employee during baby loss. In September the charty also announced the build of our very own retreat (Erin's Retreat) which is an exciting time for the Chanty to build our very retreat for parents to use at a very tough time. In October 2024 the charrty was delighted that the Bank of Scotland Foundation gave 2nd year funding of £24,982 towards the costs of a Bereavement Coordinator. This has been a valued piece of fijnding lo enhance the charity's name and to further roll out the training of baby loss in the workplace. In March 2024 we were delighted that the Robertson Trust agreed to fund the charity over 3 years with a total given of £45,000. This was restricted to part fund the salary of the CEO of the charity. It is a welcome fund so we can have the right people on board to deliver the upmost aftercare support and look at the vision of the charity. The CEO has played a huge part in delivering the retreat we wll be building and is communicating with different agencies in funding and help. In September 2024 The National Lottery communty fund committed to a further 3 years of funding with the improving lives grant of £138,429 for the charity towards our core costs and ensuring we provide the counselling seNice and retreats. This has also helped wtth an activities coordinator, which is a vitally important role for the day to day running of c4)arity- 2024 was an amazing year for the charity in respect of fvndraising. From the Kiltr04alk, which was our highest turn out to race nights and Peter doing an amazing "Burpees for babies" challenge. We also held our first Ladies Lunch where we showcased Erin's Retreat. 11 was a successful event and all funds raised have been designated for Erin's Retreat. Our Slaffin CEO Bereavemen oor Activf(ies Coordinator over 2024 induded= All staff and volunteers are supported fomialty and infomially on a regular c￿e to one and adhoc basis by management. Perfomance of the charity is monrtored reguladythrough the CEO and committee during meeb'ngs. Our counsellors have delivered our service to a high standard which is reflected on the feedback forms we give the parents once sessions are completed. The majority of counselling was done face to face and some were done online due to distance. We have a dedicated team who monitor all e-mails and referrals through website and social media pages to ensure every enquiry is responded with priority. Page 3

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance (continued)

We have supported over 2,000 parents by providing counselling, trauma therapy, listening music therapy, retreats, help after discovering pregnant again, birthdays and due dates and any general help they need when finding it difficult.

Some of the feedback:

“oh my god this is exactly what I needed. The counselling has made me understand more about my grief”

“you have probably saved my life as I was in a very dark place before being referred to you”

“The retreat was exactly what we needed. The exercises given was what we needed and it’s the first time we have actually spoke and cried together”

“thank you so much for helping me during my pregnancy after a loss. The monthly counselling sessions helped me and grateful to have my Rainbow baby”

“thank you for given us the time away at the retreat for our baby boys birthday. Its exactly what we need to get away”

“Cant rate this charity highly enough in helping our family during the most horrific time ever”

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

Baby Loss Retreat has a policy to establish funding to cover a minimum of 6 months of operational expenditure so that services can be maintained should there be a sudden unexpected drop in funding.

At 31 December 2024 this target has been met.

c. Results

The results for the year show that the charity made a surplus of £31,436 and held funds totalling £80,685 at the balance sheet date. The trustees are happy with the results of the period, which is in line with all expectations and budget plans. We would like to thank all funders and all those who have donated over the year for helping us to meet our targets.

Structure, governance and management

a. Constitution

Baby Loss Retreat is registered as a Scottish Charitable Incorporated Organisation and was set up by a Trust deed in February 2018. The Charity is governed under the constitution submitted and gets reviewed annually.

b. Methods of appointment or election of Trustees

The charity at every committee meeting nominate any new trustees and ask for any objections to be given to the chair. No member of the committee is employed by the charity and all their work is done on a voluntary basis. The trustees delegate the day to day responsibilities of the running of the charity to the CEO, Julie Morrison.

Page 4

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

The board consists of 5 members who meet regularly as determined by the constitution. The trustees are responsible for the governance of the charity and work within the relevant law and contractual obligations. The trustees are also responsible for enabling and ratifying the strategic direction and policy of the charity and working in conjunction with the CEO.

The CEO meets regularly with the board to discuss the work and monitor the charity's performance.

The CEO has the day to day responsibility for the provision of services and developing a strategy of finances and operational development. The CEO is also responsible for the employed staff and reports directly to the chair with any concerns.

d. Policies adopted for the induction and training of Trustees

All trustees, volunteers and employees will:

e. Financial risk management

The charity have assessed the significant risks to which we are exposed to, in particular financial risk. We are satisfied that mitigations are in place to ensure adequate funds are there to ensure the charity can fulfil its charitable objectives to its maximum. The biggest risk we are exposed to is a significant unexpected drop in core funding.

Procedures are in place to ensure compliance with the health and safety of staff, trustees and volunteers in all aspects of provision. All risk assessments are implemented to the activities we carry out and are reviewed on an annual basis by our HR company.

The charity is fully insured against professional indemnity, public and employee liability. This covers all staff, volunteers and trustees.

Plans for future periods

2025 is an important start for Erins Retreat as the Trustees have agreed that we will build a business plan for the retreat and gain enough funds to buy some land. This will place us in a good position to begin the process of building Erins retreat in future years.

Page 5

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the Trustees to prepare financial statements for each financial year. Under charity law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Page 6

BABY LOSS RETREAT (A Scottish Charitable Incorporated Organisation)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Independent examiner's report to the Trustees of Baby Loss Retreat

I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 8 to 22.

Respective responsibilities of Trustees and examiner

The trustees, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 ('the Accounts Regulations'). The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 44(1)(a) of the Act and regulation 4 of the Accounts Regulations; and

  3. to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.

This report is made solely to the charity's Trustees, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's 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 Trustees as a body, for my work or for this report.

Dated: 21/02/2025

Armstrong Watson LLP, Glasgow

Page 7

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Donations and legacies
3
Other trading activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
101,630
150
101,780
277
101,260
101,537
243
23,005
243
23,248		 Unrestricted
funds
2024
£
67,758
52,762
120,520
24,835
64,492
89,327
31,193
26,244
31,193
57,437		 Total
funds
2024
£
169,388
52,912
222,300
25,112
165,752
190,864
31,436
49,249
31,436
80,685		 Total
funds
2023
£
164,895
27,468
192,363
15,250
149,782
165,032
27,331
21,918
27,331
49,249

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 22 form part of these financial statements.

Page 8

BABY LOSS RETREAT (A Scottish Charitable Incorporated Organisation) REGISTERED NUMBER:

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 18,264
67,143
85,407
(6,049)		 2024
£
1,327
1,327
79,358
80,685
80,685
23,248
57,437
80,685		 -
57,562
57,562
(8,313)		 2023
£
-
-
49,249
49,249
49,249
23,005
26,244
49,249

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

The notes on pages 10 to 22 form part of these financial statements.

Page 9

BABY LOSS RETREAT (A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

Baby Loss Reteat is a Scottish Charitable Incorporated Organisation registered with OSCR. Its registered office and principal place of business is Baltic Chambers, 50 Wellington Street, Room 140, Glasgow, G2 6HJ.

Amounts in these financial statements are presented in GBP and rounded to the nearest pound unless stated otherwise.

2. Accounting Policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Baby Loss Retreat meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees have considered a period of at least 12 months from the date of signing these financial statements as well as considering future secured funding and committed spending and believe that the charity has enough funds to continue in operational existence for at least a further 12 months. These financial statements have therefore been prepared on the going concern basis.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 10

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting Policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings - 20% straight line

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

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

Page 11

BABY LOSS RETREAT (A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting Policies (continued)

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.9 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donations
Grants		 Restricted
funds
2024
£
-
101,630
101,630		 Unrestricted
funds
2024
£
62,878
4,880
67,758		 Total
funds
2024
£
62,878
106,510
169,388

Page 12

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

3. Income from donations and legacies (continued)

Donations
Grants		 Restricted
funds
2023
£
-
105,349
105,349		 Unrestricted
funds
2023
£
51,709
7,837
59,546		 Total
funds
2023
£
51,709
113,186
164,895

4. Income from other trading activities

Income from fundraising events

Ladies lunch
Fundraising
Training income
Charity shop and stall income
Fundraising		 Restricted
funds
2024
£
-
150
-
150		 Unrestricted
funds
2024
£
37,665
14,940
157
52,762
Unrestricted
funds
2023
£
2,962
24,506
27,468		 Total
funds
2024
£
37,665
15,090
157
52,912
Total
funds
2023
£
2,962
24,506
27,468

Page 13

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

5. Expenditure on raising funds

Costs of raising voluntary income

Fundraising and event costs
Fundraising and event costs
Charity shop and stall purchases
Charity shop rent		 Restricted
funds
2024
£
277
Restricted
funds
2023
£
882
-
-
882		 Unrestricted
funds
2024
£
24,835
Unrestricted
funds
2023
£
8,935
835
4,598
14,368		 Total
funds
2024
£
25,112
Total
funds
2023
£
9,817
835
4,598
15,250

6. Analysis of expenditure on charitable activities

Summary by fund type

Charitable activities
Charitable activities		 Restricted
funds
2024
£
101,260
Restricted
funds
2023
£
90,995		 Unrestricted
funds
Total
2024
£
2024
£
64,492
165,752
Unrestricted
funds
Total
2023
£
2023
£
58,787
149,782

Page 14

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure by activities

Charitable activities
Charitable activities
Analysis of direct costs
Counselling and retreat costs
Rent
Repairs and maintenance
Postage and stationery
Telephone and internet
Office furniture
Advertising
Staff training
Motor and travel costs		 Activities
undertaken
directly
2024
£
62,045
Activities
undertaken
directly
2023
£
55,089		 Support
costs
2024
£
103,707
Support
costs
2023
£
94,693
Activities
2024
£
33,835
8,790
217
333
1,012
1,674
8,695
1,567
5,922
62,045		 Total
funds
2024
£
165,752
Total
funds
2023
£
149,782
Total
funds
2024
£
33,835
8,790
217
333
1,012
1,674
8,695
1,567
5,922
62,045

Page 15

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Counselling and retreat costs
Advertising
Staff training
Motor and travel costs		 Activities
2023
£
34,558
11,465
1,783
7,283
55,089		 Total
funds
2023
£
34,558
11,465
1,783
7,283
55,089

Analysis of support costs

Staff costs
Depreciation
Accountancy fees
Rent
Membership fees
Meeting expenses
Catering
Insurance
Motor expenses
Postage and stationery
Subscriptions
Telephone and internet
Office furniture
Bank charges
Legal and professional fees
Repairs and maintenance		 Activities
2024
£
81,367
227
4,159
2,929
2,082
2,390
79
2,492
130
111
1,904
337
558
325
4,544
73
103,707		 Total
funds
2024
£
81,367
227
4,159
2,929
2,082
2,390
79
2,492
130
111
1,904
337
558
325
4,544
73
103,707

Page 16

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Staff costs
Accountancy fees
IT software and consumables
Rent
Membership fees
Meeting expenses
Catering
Insurance
Motor expenses
Postage and stationery
Subscriptions
Telephone and internet
Office furniture
Legal and professional fees
8.
Independent examiner's remuneration
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts		 Activities
2023
£
68,700
1,561
189
10,068
960
2,563
308
1,066
53
1,213
3,969
1,204
2,569
270
94,693
2024
£
3,000		 Total
funds
2023
£
68,700
1,561
189
10,068
960
2,563
308
1,066
53
1,213
3,969
1,204
2,569
270
94,693
2023
£
1,442

Page 17

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
75,296
5,554
517
81,367		 2023
£
67,224
410
1,066
68,700

The average number of persons employed by the charity during the year was as follows:

2024 2023
No. No.
Employees 2 1

No employee received remuneration amounting to more than £60,000 in either year.

The charity considers 1 member of staff to be key management personnel and their aggregate remuneration was £40,560.

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL)

During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL) .

Page 18

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11. Tangible fixed assets

Cost or valuation
Additions
At 31 December 2024
Depreciation
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
12.
Debtors
Due within one year
Prepayments and accrued income
Grants receivable
13.
Creditors: Amounts falling due within one year
Trade creditors
Other taxation and social security
Pension fund loan payable
Accruals and deferred income		 Fixtures and
fittings
£
1,554
1,554
227
227
1,327
2024
£
3,264
15,000
18,264
2024
£
42
2,585
422
3,000
6,049

Page 19

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Erin's Retreat		 Balance at 1
January
2024
£
-
26,244
26,244
4,434
-
-
-
18,571
-
-
23,005
49,249		 Income
£
37,665
82,855
120,520
42,823
16,500
1,125
1,200
24,982
150
15,000
101,780
222,300		 Expenditure
£
(10,175)
(79,152)
(89,327)
(45,872)
(16,500)
(1,125)
(1,200)
(21,840)
-
(15,000)
(101,537)
(190,864)		 Balance at
31
December
2024
£
27,490
29,947
57,437
1,385
-
-
-
21,713
150
-
23,248
80,685
General funds
General Funds
Total Unrestricted funds
Restricted funds
National Lottery
Robertson Trust
Tesco
Asda
Bank of Scotland
Comfort Bags
Scottish Government
Total of funds

We would like to thank the National Lottery for contributing funding towards Counselling, Retreat costs, office rent and the Coordinator's salary, Tesco and Asda for contributing funding towards Counselling and Retreat costs, the Bank of Scotland Foundation for the contributing funds towards the bereavement coordinator's salary and the Robertson Trust for contributing funding towards the CEO's salary.

Page 20

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
National Lottery
Bank of Scotland
Co-op
Robertson Trust
North Lanarkshire
Scottish Government
Total of funds
15.
Summary of funds
Summary of funds - current year
Designated funds
General funds
Restricted funds		 Balance at
1 January
2023
£
11,422
10,496
-
-
-
-
-
10,496
21,918
Balance at 1
January
2024
£
-
26,244
23,005
49,249		 Income
£
87,013
42,580
24,982
500
15,000
830
21,457
105,349
192,362
Income
£
37,665
82,855
101,780
222,300		 Expenditure
£
(72,191)
(48,642)
(6,411)
(500)
(15,000)
(830)
(21,457)
(92,840)
(165,031)
Expenditure
£
(10,175)
(79,152)
(101,537)
(190,864)		 Balance at
31
December
2023
£
26,244
4,434
18,571
-
-
-
-
23,005
49,249
Balance at
31
December
2024
£
27,490
29,947
23,248
80,685

Page 21

BABY LOSS RETREAT

(A Scottish Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 January
2023
£
11,422
10,496
21,918		 Income
£
87,013
105,349
192,362		 Expenditure
£
(72,191)
(92,840)
(165,031)		 Balance at
31
December
2023
£
26,244
23,005
49,249

16. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
-
1,327
23,248
62,159
-
(6,049)
23,248
57,437		 Total
funds
2024
£
1,327
85,407
(6,049)
80,685

Total

Analysis of net assets between funds - prior period

Analysis of net assets between funds - prior period
Restricted Unrestricted Total
funds funds funds
2023 2023 2023
£ £ £
Current assets 23,005 34,557 57,562
Creditors due within one year - (8,313) (8,313)
Total 23,005 26,244 49,249

17. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £517 (2023 - £1,066). £422 (2023 - £267) was payable to the fund at the balance sheet date and is included in creditors.

Page 22

Baby Loss Retreat Suite 138 Baltic Chambers 50 Wellington Street Glasgow G2 6HJ Date". Y(xrW.. Dear Sir5 During the course of the preparation of your accounts for the period ending 31 December 2024, the following representations were made to us by the management and directors. Please read these representations carefully and if you agree with our understanding please sign and return a copy of this letter to ourselves as confimiation of this. Financial Statements You have fulfilled your responsibility as directors, as set out in the terms of our engagement letter, under the Companies Act 2006 for preparing financial statements in accordance with the Companie5 Act 2006 and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which we have drafted on your behalf, which give a true and fair view of the financial position of the company as of 31 December 2024 and of the results of its operations for the year then ended and for making accurate representations to us. Significant assumptions used by you in making accounting estimates, including those measured at fair value, are reasonable. You have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements. You have disclosed all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements and these have been disclosed in accordance with the requirements of accounting standards. Armstrong Watson LLP 1st Floor 24 Blythswood Square Glasgow G2 4BG T= 0141 233 07(M) www.armstrongwatson.co.uk www.armstrongwatsonfp.co.uk

Information provided

You confirm to the best of your knowledge and belief that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that you can properly make each of the above representations to us.

We should be grateful if you would kindly acknowledge your agreement with this letter by signing the duplicate where indicated and returning it to us.

Yours faithfully

Armstrong Watson LLP

We confirm that we have read and understood the contents of this letter and agree that it accurately reflects the representations made to you by the directors during the course of preparing the company’s accounts.

Signed on behalf of the board of directors by:

----- Start of picture text -----
... (Signature)
----- End of picture text -----

21/02/2025

… ..................................................................................... (Date)

Client – Baby Loss Retreat Period End – 31 December 2024

Party Relationship Nature of transaction
Trustee None
Trustee None
Trustee None
Trustee None
Trustee None

Baby Loss Retreat - Approval Pack for signature Final Audit Report 202M2-21 Armstron9Watsort A{rO￿$s