REGISTERED COMPANY NUMBER: 7853033 REGESTERED CHARtfY NUMBER: 1145234 REPORT OF THE TRLSTEES A)D UNAUDITED FTh APICIAL ST.4TEMENTS FOR THE YL4R EryDED 30 APRIL 21121 FOR FROII B.4BJES ITrITH LON'E FolD.4T10l A cO.mP.Nl." LLIIITED BY G "AK¥NTEE
MBAB LOVE FOUNDATION cOTENTs OF THE FPIAN 1.4L TATE FOR THE YEAR ENDED 30.4PRIL 2021 Page Report of the Tn]stees 3to8 Independent Examinerfs Reprt Siatement of Financial Artivities io Balauce Sheet Not¢s to the Financial Slatejnents 12to16
FR M BABIES WITH LOVE F ATI REPORT OF THE TRLSTEES R THE YEAR ENDED 30 APRIL 2021 The tNstees who are also director5 of the clJ2rity for the purPw of the Cojwies Act 21MhS. present their report with the finallcial gtatements of the charity for the year ended 30 April 2021. The truscs have adopted the provisions of Accoimtlllg and ReportiTtg by Charsll¢s: Statement of Reconjrnended Prdclice applicabl¢ to charities preparing their accounts in a¢¢onlartce with the FiDallcial ReEIng Stard applicable in the UK alld Republtc of Irelalld (FRS 102} (effective l January 2019). OBJEcfIvES AND AcnvrriES Objeetive$ and AIZDS Governing instrument and objeets The From Babie5 with Love Foundation w&s cstablished in 2011 and gistered as a charity on 29 December 2011. At incorpordtSOll the following object was adopted: Tbe preveniion and relief of poverty, around the world, by proTriding granis. items and services lo babies and children in neaj and clLaritie& or other org&lli5ations working to prevent and relieve poverty for babies and children in nee(L About the From Babies with IA)ve Foulldation The From Babies with Love Follndion believes that every baby should have a fair start in life, no matt¢r where they are born. Its n3ilOn is to fvnd ihe care of OTphaned and ab#tLdoned babies and children around the world. Wbo we are We are a ¢11ty and our work is for profiL We are not affiliattd to atty polÉtical party or religio orgallisation. Our Ttustees are appoitited indivithEa]s. They bring a broad range of exixrtise to our wor What we do To fu]fil our mission our charitable objects are to al relieve w>vty. around the worl(L by providing grants, items and services to babies and ¢hildren in need attd ¢I111e& or other orgallisation4 working to prevent and relieve pov¢ty foi babies aud children in Deed. How we funded The From Babies with Love Foundaiion is fullded by donatio principally fwom its Ilmfh ovmed trading subsidiary From Babies with Love TdIti8 Ltd. Pubiie benefit In shaping our objectives and planning our activtties for the year. the Tnet$ have given ¢¢)nsid¢ration io the duiies set out in Section 1715) of the Chariti¢s Act 2011 have due regard public benefit. In particular, th¢ TTusl¢£s hav¢ considered how the planned a¢tivitiLs will contrTrbutr the overnII aim5 and objectives thai they have set. The Trusiees b¢licv¢ that ihe paraphS aixbve. alld those in the sectÈon'Achievement and Perfornw¢¢'. ¢ollvey in delail the benefits that the Charity provides to the public.
FROM BABIES WtTH LOVE F LTr4DATION REPORT F THE TR 'STEES FOR THE YEAR E,DED 30 APRIL 2021 ACHIEVEMENT AND PERFolLMCE OvervieTV of the yer 2021 saw an iRcrease in the numbcr of childrcn wptKJrted to 26,758 (2020.. 7,319). The children were supported througb grants to two charity parnr$. SOS Children's Villages {registered clwiry lluEnber 1069204) ad Street Child (registered charity oumber 1128536). Our support 15 delivered in several fornt4 including 5UPPOrt w individual children, to nurseries, schools and teaching progrdmmes, and to Child Friendly Spaces with social sP[jrf and ¢dts(Jll for unacconwied and r¢fi]gee ¢hildren, many of whom hatre experienced kn.gbiy trdurnatic situations. Our impact colltribuies io tnally of the UN'S s9taInable Developrnent Goals ('SDGs'). in particular l - No Poverty, 2- Zero Huuger, 3- Good Health & Wellbeiu& 4- Quality Education a[ 5- Gender Equality. The UN stste5 that SDG4, obtaining a quality education, is the foundation of creating Sustainable developffjellt. Working with our charity partllers we fvnd ¢du¢ation programmes alongsidc thr social. fatnÈiy-based care tb vulnerdble chiidrell need to go ou to independent adult lives, breaking the cycle of pvffj. AcrtVlTIES Key grxllts Early yean edtation ad frni]y hDmeJ WiÈh SOS Children's Villages our funding SUPPOTts 20.818 clLiidreD arollt the world. Frorn Babie5 with Love supports nursery schools in SOS Childrert's Villag so all t(yJdlers cau cesS early years education. From Babies with Love also sponsors individua] children to grow up with an SOS parenL iu loving family homes. Each family home Ims a livit)g space. a kitche two bathnxjrns, bedr(x)ms with butjkbeds for about ten Children. a alld garden. The children are loved alld cared for by an SOS parent, a[ they become brothers and sisters, forniing a new family unit. The villagt nursery SCh[S each care for around 90 toddlers; commonly there are 3 groups of around 30 children,. (wo [Wl¢S and an assistant cate giier for each group. This allows the children to Egin their early years learning. a fundamentsl foulldation for ongoiug education. Breaking out of modern Slavery One of the most marginalised ¢02nmurrities Rti the world. Neplese Mu5ahar girls are IM)rn in to bon(kd lalK>ur- a forni of modern slavery - and many suffer gettdet-based violence. M051 are married by the age of 10 and have 2 to 5 babies by the age of 15. The literacy rate is just 3.80/0 (NeIe$¢ averdge 77.517/0). Fmm Babies with Love supports 120 rIs and their babies, in Strttt Child's Breaking the BoDds proje¢( fimding an ac¢elerdted learnillg prOe to achieve basic literacy and numeracy skn"Il& a5 well as life skills protection circles facfftlitated by )Cial workers. This programme contrEbutes to SDG5. GenderEquality, SDG4. Education. &swell 2$ S[s 1, 2, 3 and 10. Importantly, an educat moth¢r is more Iskely to send her children to Sch1, so thi5 project change5 tbe life chances of l)(Ah the girls and their babie& doubltng impaot and cr¢ating long t¢Tm ¢hange. Care and education in conflid Frorn Babies with Loye's fvndiryg forwM¢cotllpanied children whose lives have been disrnpted by conflict continue<L In Nigeri4 confli¢t with Boko Hardm has forced over 2 millioll people ro flee their home5. Education ha5 been actÈvely targeted and over 3 million children are unable to attend %h(y)l. This year Fmm Babies with Love Support ¢hildren in Borno sEate, contributing to the Last Mile L¢arnitJg project tvn by Srfeet Child. This prtsjt is designed with a schedule that allows children to crtrdie a safe. secure and stable routine that offefs immediat¢ psy¢hological protection and prev¢nts disengagernenl or dropout. The %hedule includes a s¢rÈes of a¢tivities that align to familiar fovlldational aritbm¢tic and readin8 apprtsache5 that our teachers use with our children. Interdctive resources are coupled with recorded it]5truction and delivered through solar audio recoTkn. SMS SUEWrt 15 provided for caregiver4 to supervige alld supplement learning.
M BABIE wrrH LOVE FOiIM)ATION REPORT OF THE TRLSTEES FOR THE YEAR E.NDED 30 APRIL 2021 ACTIVMES CONTLNUED Education for refugee ehildren This is our thlrd y&qr of suPrt to South SUdane refyee children irÉ Uwdnd& Uganda 15 host to the fastesi growing reget crisis in the world. with over 1.4 people. of which over 62Qlo are children (UNHCR 2020). Palabek is one of the newest refugee seiÈlements in the north of Uganda. home to more than so.0 tefugees. There is huge pressure o the education Syste the avetage Class size 1$ 184 ¢hildr In 2018 we were part of 8 COn50rtium led by Streei Child to build a new primary s¢hLN)I for 1,773 children, as well as providing Child Friendly Spaces for afi¢rs¢hool progrdmmes at the schools. In 2019 we funded th¢ construction of the school kitchen. thisyearwe ate fimding th¢ bllild of a huge kitchen garden. The World Bank defines school feeding prOgra[ne5 as the social safery nets that provide both educational and health benefits" a school medl has a direct itllpact on childreD'5' learnang perfornianee and school 8ttelldance. The new kitchell gard¢n enhances the food security of tbe School. as well as increasing nutrition and diversity of talk The gard¢n is a self-susiaining project and children will learn agricultural skn"11s. The wden also encour¢$ working togetlw with c]ll"Idrett and ¢ommuniry tnembers from diverse background4 5UPP)rting so¢ial ¢oh¢sion. Street connected ¢hildreD In Liberia we support 60 of the most vulnerable strcet-coDlle¢*dchildren, enablingthem accesstoa safe home 8nd quality education. Liberia is one of tbe ty)orest Countries in the worl<L ranked at 181 oui of189 oll the Human D¢vtlopment Index (UNDP 2018). Without inteEvenÈ1o Liberia is one of tbe ten countrits that will Thot achieve ullivetsal primary edueation unt21 at leas¢ 2100 {UNICEF 2018). currently 2(Wh of chiEdren are out of 5¢hool. Ow supp)n covers school fees and supplies. as well as psy¢bo-so¢ial supw)rt seryices provided by trnined. Itxal stscial workets. For children that have bEen out of school for over a year, we provide catch up cla5 in llvmera¢y and literacy. To ensure that care-gii'ers can keep the children in s¢hool, our support also proYide5 busille5S 5kn"11s rrainÉng and srart-up grants so that they can gellernte sncome and pr¢Yent the children havillg to work. Led by Street Child the project also establishes Clu"Id Welfare Committees wiibin communities. to identify and respond to chtld abuse withÉn their ¢ommvnities, with a particular focus on gender-based violence. to monitor childrell's wellbeing and scbool attend. Prev¢nlillg exclusiDtt from edutation In the Democratic Republic of Cottgo IDRC), where education has decEnted by ye4rs of Lonflict, school ss not all option for thousands of Children. In South KIV girls frorn the Batwa ethukc group and cbildrtn with disabilities Suffer the tno8t from educational exclusion. Exceptionally rural. the bÈgh plateau in Soutb Kivu is one of the most itnpoverish parts of eastern Congo. Without help. the Er¢s( tU05t vulnernble children risk being stuck in a never<uding cycle of illiteracy and p)verty. A total lack of services rntalls thai children even with minor mobility or visual Ipa]lents are extluded from school. 0r support to Street Cbild's work iti DRC focusscs on children with rnild-mtrjerate disabiliiies that C8n be addressed with assistive device5 (gla55e& bearing aids, ¢rntches), non4omplex CO¢t1ve surgeries and physiotherapy. Sucb treatrneDls alld health cate SUPWTrfL along with in-class support from teachitig assistsnts and adapted learning materials, rn that childrell catt ac¢e&s school for the fwst time.
OM BABIES WtTh LOVE FOU.YDATION REPORT OF THE TRLSTEES R THE YL4R ENDED 30.4PRIL 21121 FtNANCIAL REVIEW Finxll£ial position The toral llel illCOEniDg resources for the year auKunted to £73.447 (2020: £35,054) and outgoings to £72.481 (2020.. £54,735). Reserve5 policy The Frorn Babie5 with Love Foundaiion'5 reserves policy is that the Unrestricted reserve level at the balance Sheet dale should normally be equal to the value of slwes iuvested ill the 5ubsÈdiary compally Fro Babies With Love Trndit]g Ltd plus a nominal value to ¢overallti¢ipated exFnditute from VIeStrICted funds forthe followillgyear. Unrestricted reserves at the end of 2021 fell within the ter5 of the liCY. The From Babies with Love Foundation re¢oglli5e5 that IÉ may be appropriate to a]low the reserve Èo flu¢tuare as a result of short temi ¢ash infiows and outtlows. Risk Review The TEUStees bave conthicted their own revlew of the major risks to which the chariry is exposal and systems have b¢¢n established to matiage those risks. Internal risks are minimtsed by the implemeDtsiion of pn)cedures for authorisation of all tranwtions and prOjts and to ensure consistent qulty of delivery for all operdtional aspects of the charitable compally. These procedures are periodically reviewed to Cru[C that they still meet the ne£&8 of tbe clwity. COVID 19 and impact on the cb*rity The trnstee5 Consider that there ate tLO maierial uncertaitities aknut the clktity's ability (o continue as 3 going ¢on¢etL The trllstees Collsider the Covtd19 pandemic will not ha&e a significant impact on the charitys core fimding. The tntee$ reward any impaci to be short temi rather than affecting the chartry's abiliry 10 Colltillue as a going concem. There are no material untxrtainti¢5 aff¢eting the ¢vrrent years, a¢count& STRUCTiFRE GoVERANcE AND IMANAGE.MENT Status The orgalli5alion is a charitable cowally lilted by guatee. incotpordted oll 18 November 2011 alld registered as chariry on 29 Dec¢mber2011. The COEnpany wa5 CStabb"sbed undet a MeOduln of A5latiOn. which established the objcctives and powers of th¢ charitablc company and 15 govetned ulldcr ils Article5 of A550ciatioll. The m¢be[S hai'¢ guaranteed to contribute a maximum of £5 in th¢ ¢v¢nt of the company being wound up. OwDis&tiollal structsre The charity is run by th¢ Board comprising the Tn¢¢$ who delegate the day to day runtiing to Cecilia Crossley.
FROM BABIES WITH LOVE FOUNDATION REPORT OF THE TRL'STEES FOR THE YL4R E.NDED 311 .4PRIL 2021 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 7853033 Registered Charity ller 1145234 Regis¢ered office 10 Longcroft Avenue Haryenden AL5 2QZ Mrs C Crosslcy Mr D Croysley Mr M Kelly Mr V Neat¢ {resigned 2 August 2021) MrNThon Mr A Zia (appointed 13 O¢tob¢r 21J20) Independent examiner P J Thacker FCA DChA Chariot House Litnited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA Bankers Santander Bootle L30 4GB
FROM R4BIE OUNDATION REPORT OF THE TRL'STEE FOR THE YEAR E)DED 30 APRIL 2021 STATEMENT OF TRUSTEES, RESPONSIBILITIES The ttugtees (who are a150 the directors of Frotll Babies with Love Foundation for the purwses of eompany law) are r¢spoDsible for pr¢paring th¢ Report of the TNstees and tbe fllmncial ststements in accothce wÈth applicable law and United Kingdom Aecounting Standards (Unit{ Kingdom Generdlly Accepied Accounting Ptice). Company law requires the trustees io prepare fitjancial 5taternents for ch financial year which give a trne and fair view of the state of affair5 of the ch2Titabl¢ company and of the incoming resources and application of resource4 including the income and expenditure, of the charitsble company for that perftod. In pWIllg those financial ststement4 th¢ rtijstees are required to select suitable accouniing policies alld then apply thetll coDsistelltly" observe the meth(xls and prittciples in the Clwiry SORP" make judgements and esiimaies th are reallable alld prudellL prepare the fitwiciaj statements on the going concern basis unless it is inappropriats to presume tlw tbe ¢horitabl¢ Company will coniinue in business. The twstees are responsible for kttpitig P[0 a¢coulltiDg records which dilOse with rEa50nBble accwacy al any time the financial position of the charitable company and to enable thtm to ensure rh the fll)ancial stattmcnts comply with the Companies Act 2(K16. They are 90 TesFrf)nsibl¢ for safeguarding the assets of the clwithble ¢on)pany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the b)ard of tTUStees on 12 January 2022 and on its behalf by.. Mrs C c1¢Y
INDEPENDE.Yr EXAIqryER'S REPORT TO THE TRusfEES OF FRONI BABIES W'ITH LOVE FOU4DATIOI' lTrdependent eIxmiDer's report to tbe trustees of Fn)m Babies with Ie FoulldatioD {'the CoEDp#lly'} I report to the charity trusttts on my examination of the acllnts of the Company for the year ended 30 April 2021. Respollsibiiities attd bsFs tsf reptsrt As tbe ¢hariry'Y ttusiees of the Company {and also its directo for the pwposes of conwally law) you are responsible for the prepardtioD of the accoullts ID accordatKe with the requiremcnts of the Cowies Act 2006 ('the 2006 ACÉ,). Havillg satisfied myself that the accounts of the Cowy are not required to bc audited UDder Part 16 of the 2006 Act and are eligible for independent examÈDation, I rert ill re5PeCt of my exa10 of your chaFity's accounts as Carried out under ctIon 145 of the Cltaritie5 Ad 2011 (*be 2011 ACV). Lwing out my examitMtioll I bave followed the Direciions given by the Charity Commi$5ion under Section 145{5) (b) of the 2011 Act. Indepertdent examiner's statemellt I have Mpleted my examinatsotL I confm thatnomattets have cometo myatiention inconnectiollwith th¢ ¢xaminalion giving me cause to believe.. accounting r¢¢ords were not k¢pt in r¢spe¢t of the Company as rwuired by s¢¢tion 386 of the Act" or the a¢counts do not accord with those re¢onls' or the accounts do not cotnply with the accounting requirements of stttion 396 of the 2006 Act other tbaTh any requiretnent that the accounL8 give a true and fair view which is not a tuatter considered as part of all independent ¢xatBiuatioll: or the accounts have noi beell Prepared ill accordance with the method5 and ptillciple5 of tht Sthiement of Re¢ommended Practice for accounting and reporting by clthtities lapplicable to Clwities preparing their accounts in attordance wÉth the Fitaallcial Rew>rtillg Stalldatd applicable iti tbe UK and Rq)ublic of Ireland (FRS 102)}. I have no concerns and hav¢ ¢ome 0$$ no other matters in connection with the ¢xamination to which attention should be drawn ill this report in order to enable a Fyoperunderstanding of the accounts be reached P J Thacker FCA Chariot How Limtted Chartered AccouDtants 44 Grand Parade Brigbton East Sussex BN2 9QA Date.. 12 Jalluary 2022
M BABIES WITH L ATION TATEMENT OF FINANCLIL AcfiviTIES 'CORPOIL4TLNG AN INCOME EXPENDrruRE A FOR THE YL4R ENDED 30 APIUL 2021 2021 Unrestricted UnrestrÉcted funds 2020 INCOME AND ENDOWMENIS FROM Donations Interest iucome 73.42R 19 34.991 63 Total 73.447 35,054 EXPENDITURE ON Charitable act)tieS 72,481 54,735 ET INCOMEJ(EXPEI%DITURE) {19.681) RECONCILIATION OF FUNDS Total funds brought forward 93278 112.959 TOTAL FUNDS CABJIIED FORWARD 94.244 93278 CONfiNUING OPERATIONS All incozne aThd expenditure has arlsen from ntInUing activitie& The ootcs forEn part of these fuw1cl statements io
FROM BABIES W]Tll L TERED NLThIBER: 7853033 BALANCE HEET AT 30.4PRIL 2021 2021 2020 Unregtritted Unrestricted fimds fimds Nolts FIXED ASSETS InvestentS CURREhY ASSETS Debtors Cash at bank 590 590 3,878 CREDITORS Amounts fallillg due within one year (12(M)) (600) ET CURRENT ASSETS 4244 3.278 TOTAL ASSETS LESS CURRENT LtABILrriES 94.244 93,278 T ASSETS 94244 93.278 io Unrestricted fi]nds: General fiwd 94244 93.278 TOTAL FUNDS 94,244 93,278 The ¢haTitable cowy is entitled to exemption from audRt SectiOD 477 of tb¢ Companies Act 2006 for the ye&r ended 30 April 2021. The meEnbers have not required the collwany to obta5n an audit of its fllMllcial ststements for the year ended 30 April 2021. ill ac£orda[e with Section 476 of the CoEt4)allies Act ?1)06. The trSteeS acknowledge their responsibilttie5 for ensuring that the ¢haritable Company keeps ac£ounting records con4)ly with Seetions 386 ADd 387 of the Companies Act 2006 and prep&ring financial statements which give a tn]e fair view of the strte of affairs of the charitable company as the end of each fuwicial year and of its surplus or deficit for each finaneiai year in a¢¢ordance with the requiremellts of Sections 394 and 395 and which othenvise comply with the requircments of the Companies Act 2006 relating to fancIal 5tatement% so far as applicable to the chan"tsble company. (b) These finoncial statements have been ptepared in accordance with the special provisioE]s of Part 15 of the Cornpanies Act 2006 relaiing to chaEitable Small cornpaThi¢& The financial $ements were approved by the Board of Trustees on 12 January 2022 and wete signed its behalf by.. Mrs C Crossley The notes forni part of th¢s¢ fuwwial statements
M BABIES IvrrH LOVE FOUI¥DATIOI¥ Tr40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021 ACCOUNTING POLICILS Attountillg basis and standards The financia] statements of the charitable company. which is a public benefti entiry under FRS 102, have been prepared in a¢rordanc¢ with th¢ Charities SORP (FRS 1021 'Accounting and Reporting by Charitkes: Statement of RecoElltneuded Ptacii¢e applithle to chariti¢s pTeEwing their acc4)unts in accordance with the Fill8ncial Reporting Standard applicable in th¢ UK 2nd Republic of Ireland (FRS 10?) {effective l January 20191,, Financial Rewrting Stalldard 102 The Financial Rwning Stsndard 8pplÈcable in the UK alld Republi¢ of Ireland, and the Compall%es Act 2006. The fancIal slatements ha ken prepared ullder the hIor1¢al CO ¢onv¢ntion. At the time of approving the financial sr8tern¢n th¢ trustees have a re&sollable eXlatiOn that the charity has a(kquate resources to continue in ¢)perationai exi5teDce for the fore5¢eable fuwte. in¢lvding tsking it)to account any Ethnual impact of th¢ Covid-19 pandemic. alld on basis the ¢lwity is considered to be a goillg concern. Income Ail income is Te¢ognised in the StsteTneDt of FInla1 Activities once the charity bas entitlemffllt to the funds, Lt is probable thai the illcome will be received and the amount can be measured reliably. Expenditsre Liabilities are recognised as expenditure as scrf)n as ther¢ is a legal or constructive obligatioji committing the charity to that expendifute. Ét is probable that a transfer of economic bellefits will be required in settlement alld the atnouDI of the obligarion ¢an be measured reliably. Extnditure 15 accounted for on an aCenlS basis and has been classifi¢d und¢r headings that aggregate all cost related to the category. Wbere costs Cal0t be directly attributed to particular hvddtngs they have been allocatrd to a1ville$ on a basis consistent with the use of resollrces. Ta110 The Charity is considered to pass ihe tests set Oui in Paryph I Schethile 6 Fi8ce Act 2010 and rberefor¢ it m¢ets the definitioll of a cbatitable company for UK CoTwration Tax pu[Ses. A¢£ordingly the Charity is potentially exempt from taxatioll in respect of income or ¢apita] gains received within ¢a*gories covered by Chapter 3 Part I I corpatiOn T&x Act 2010 or Section 256 of the Taxation of Cbargeable Gains Act 1992, to the extent th such iD¢ome w gains are applied ex¢lusiYely to charitable pury)0se5. Funds Unrestricted are do105 amd other incoming ru[¢ receivable or generated for the objects of the ¢harity without further specifked purpose and available as gen¢rdl fiuMIs. lllves¢ttteuts The subsidiary company is valued at cosL 12
FROM BABIES ON NOTES TO THE FIANCIAL STATEME R THE YEA EIDED 3¢J APRIL 2021 DONATIONS 2021 2020 Donations 34,991 73,428 34,991 DIREcf COSTS OF CHARITABLE ACllVTfiES 2021 2020 Grallts to charities Bank charges Corporation T2x Return Fees Endependent ExamiDation Fees 71.820 61 53,584 61 300 54,735 ET INCOMFJIEXPENDrruRE) Net in¢omel(expenditLtre) is ststed after charginpJ(crvJiting): 2021 2020 Independent Exarninels fee 600 TRUSTEES, REllItryERATION AND BENEFflS During the ywdr, no Tnte received any remuneralion or benefits (2020: Nil} nor were any reimbur%d for any expenses. (2020= Nil). 13
FROM BABIES WTfH LOVE FOUM)ATION 'OTES TO THE FIFiAIS'CL4L STATEMENTS- CoNrIli[j FOR THE EI¥4DED 30 APIUL 2021 PIUOR YEAR COMPAIL4TIVLS FOR THE STATEMI ENT OF FINANCIAL AcnvrfiES Unrestricted Funds INCOME AND ENDOWMENTS FROM Donations Interest inconle 34,991 63 Total 35.054 KXPENDIThRE ON Cbaritable attivities 54.735 Totsl 54,735 NET INCOMEI{EXPEI%DifuRE) {19,681) RECONCILIATION OF FUNDS Totsl fndS brought forward 112,959 TOTAL FUNDS CARRIED FORWARD 93 INVESTMENrs 2021 2020 Cost at the beginning of the pertod Realised and unrealised gaios l (losses) Cost gt JO April 2021 90,(MM) 90.0(M) The Enarkct value at 30 April 2021 ¢ompris¢s £90.IKN) held in From Babies With tx*ve Trading L. Frotn Babies with Love Trading Ltd is 8 subsidiary wmpany (refer note 12). DEwfoRS: AMOUIITS FALLING DUE wrrHIN ONE YEAR 2021 2020 Rellt deposit and other debtors 590 590 CRED0$. Amouvfs FAILLYG DUE WITHIN ONE YEAR 2021 2020 Accruals 12(M) 6(X) 14
FROM BABIES TH LOVE FO[jATIoN NOTES TO THE FIt44ANCLiL STATENIENTS- FOR THE ITAR ELYDED 30 APRIL 2021 ONTIli 'ED 10. MOVEMENT FUNDS Net movern¢nt in fimds At 115120 At 30104121 L.nrestricted funds General fund 93.278 94,244 TOTAL FUNDS 93.278 94,244 Net movement in fimd4 included in the above are as follows: Encoming Resowces Movement ID expended nds Unrestricted funds General fund 73,447 {72,481) 966 TOTAL FUNDS 73,449 72,481) 966 CotDparatives for rnovejuettt fun Net movemeTtt n funds At 115119 At 30104120 Unrestricted Funds General fund 112.959 (19,681) 93,278 TOTAL FUNDS 112,959 19,681) 93,278 Comparative net movement tn funds, included in the above are as follows: Incorning Resour& Movement in expended funds Unrestrieted funds General fund 35,054 (54.735) (19,681) TOTAL FUNDS 35.054 54,735) 19.681 RELATED PARTY DISCLOSURES There were no relatd party traDsactioDs {2020: Nil). 15
OM BABIES wmi LOVE FO TION NOTES TO THE FIN)cIAL STATEMEI R THE ENDED 30 APRIL 2021 IL SUBSIDIARY cOfPANy 2021 2020 Otdillary £1 Shares in subsidiary company From Babies with Love Trading (cojDpY number: 07)6449 and re8iStered oifice the sarne a5 Fro Babies Wtth Love Foundation) is wholly owned by the From Babies With Love Foundaiion and is regist¢r¢d in England and Wales. As at 30 April 2021 th¢ investment in From Babies With Love Ttading was £90,000. The principal activity of the sUbsdIary is to sell gifts for the purpose of raising funds for the went charity. Profits made by the bsIdiory are transferred by Gift Aid to the parent cbarity. A summary of the results of From Babies with tA)ve Trading Ltd is sknw below. Full accounts will be filed with the Registrar of Companie& Consolidad acu)ullts are not required as the ClwRty is a sEtMII chiry. 2021 2020 Profrt & Loss *c¢ouAt Turnover 355,137 285.177 69,960 70.110 256,410 207,966 48.444 34.091 Totsl ¢xpenditur¢ l%et Profrt Gift Aid payable to the From Babies with IA)ve FoUdtIon Retained profrt for the pe170d (150) 14?53 Balance Sheet assels 123,294 123A44 16