**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 advancement of health; - To relieve the emotional and psychological suffering, and promote the wellbeing, physical and mental health of parents, families and individuals who have suffered a bereavement following a baby loss at any stage’ The organisation has power to do anything which is calculated. - Provide counselling, trauma therapy, listening music therapy under the guidance from the parents, grandparents and family members on what support they require. - Provide a 2 day retreat for parents and families to get away after counselling so they can reflect on their loss, talk about their grief and discuss further planning of babies. - Being there for parents and families during their most traumatic time of life and to give support during perinatal care if having further babies. ## The organisation's objectives are: - To deliver the upmost care and compassion after the loss of a baby at any stage. - To support parents and family members through the process of grief and give them an understanding of how to deal with this difficult time. - To ensure that the parents are communicating about their grief and talking as a couple about their difficulties. - Ensuring that families are involved through this grief journey and helping the parents make their own decisions. - Deliver support over the years during Birthdays, due dates, mothers and fathers day plus christmas which - can be difficult times - Influence businesses of parents that have had a loss to listen on their grief and consider the right steps of any pregnancy loss. ## The organisation's mission is: - To be able to provide the upmost care for any parent or family member affected by baby loss. - For the parents to understand their own grief and how to manage their grief in different ways. ## The organisation's vision is: - No parent suffers alone in the grief of baby loss and to ensure everyone has the opportunity to use the service if wanted. - To provide a unique baby loss retreat where the charity has full control over the service we provide. 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: - Receive a copy of the constitution - Be subject to Disclosure Scotland Check - Complete an Application form - Provide references - Provide any relevant qualifications - Be given appropriate training as required - Declare any conflict of interest - Be assigned to our HR app and be given any training as required ## **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: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 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: - to keep accounting records in accordance with section 44(1)(a) of the Act and regulation 4 of the Accounts Regulations; and - 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 2. 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 - 5 Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of accounting standards. You confirm that the related party relationships and transactions on the attached sheet are a complete list of such relationships and transactions and that you are not aware of any further related parties or transactions. - 6 All events since the balance sheet date which require disclosure or which would materially affect the amounts in the financial statements have been adjusted or disclosed in the financial statements. - 7 You confirm that the financial statements are free from material misstatements, including omissions. You believe that those uncorrected misstatements identified during the preparation of the financial statements are immaterial both individually and in aggregate to the financial statements as a whole. - 8 You confirm that, having considered your expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern. You confirm that the disclosures in the accounting policies are an accurate reflection of the reasons for your consideration that the financial statements should be drawn up on a going concern basis. ## **Information provided** - 9 All accounting records and relevant information have been made available to us for the purpose of our preparation of the financial statements. You have provided to us all other information requested and given unrestricted access to persons within the company from whom we have deemed it necessary to request information. - 10 All transactions undertaken by the company have been properly reflected in the accounting records and are reflected in the financial statements. - 11 You confirm that you are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the company conducts its business and which could affect the financial statements. The company has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance. - 12 You confirm that you have disclosed to us the identity of the company’s related parties and all related party relationships and transactions relevant to the company that you are aware of. - 13 The company has satisfactory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the financial statements. - 14 There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the financial statements. - 15 The company has at no time during the year entered into any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) for directors, nor to guarantee or provide security for such matters, except as disclosed in the financial statements. 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