REGISTERED COMPANY NLTMBER: 78531133 RIGISTERED CHARITY NUMBER: 1145234 REPORT OF THE TRUSTEES AND UNAUDITED FIF4ANCIAL STATEMENTS FOR THE YEAR EPIDED 311 APRJL 2023 FOR FRO_￿1 BABIES WITH LO￿E FOIJND.4TION A COMPANY LJIMITED BY GUARANTEE FROM B.4BIES WITH LOVE FOUNDATIO CONTENTS OF THE FIN,INCIAL ST.4TEMENTS FOR THE I'EAR £P*""DED30 APRIL 2023 Re[￿ ofthe TTV5t 2106 Indwndent ExamiTherfs RetKFrt Statement of Financial ALlivities Balance Sheet io Notes to the FIt￿le181 Statements 11 to 15 FROM BABIES WITH LOVE FOUNDATION REPOR T OF THE TRIISTEF.S FOR TIIE YEAR ENDED 30 APRIL2023 The trustees who art al￿) dircGlor5 ofthe charity for the purtKw orthe Companies Au 2(K16. prcsL*i their r¢FK)ri w'ith the financial StateN￿nts of the charitv for the year eTHled 30 April 2023. The tru5¢c£5 have adopted the provisions or Accounting RqM)rting b). Chariiies: Stst¢tn¢ni of Re£x>Fnm￿d￿l applicable to tharities preparin8 their accounts in accordance with thr Financia] Re￿Ning Stsnth)td applicable in the UK and Republic of Ireland (IRS 1021 {etTective l January 2019). OWECTIVES AND ACTIVITIES Objective5 and aims Governing instrument objttts The From Babies with Love Foundation estsbIish￿ in 201 l and regis￿ed a8 a ¢h2rity 29 Dwanber 2011. At incorp)rdiiOn thv fullowing object was th￿t￿. The tm'thtion and relicf or￿vertV. around the ￿￿rI￿ by providing grwits. Ltcms a[￿ 5¢rvices LO Trmbits atEd childrw in rE¢ed and chartULS. or Oth￿ organi5*ions working to prewent lieve w)verty f(K Ixbie5 and chtli1ren in need. About the From Babies with iA)vt The From Rabics with Love Found*ion I￿lieVe5 evcry ithy have 2 fairsiart in life. no matter where they are knrn. Its mission is to fund the ¢art of Or￿laned atrAnthned babies othd children around the world. Who wt are We are a charity and our WO￿ 1$ t￿1 for pwDfiL We are not aff111a￿l ￿ an). politicaj party or religious organisation. Our Trubttrs are aP￿Int¢d a5 individuals. They bring a rangc ofexrthise to ourw(*k. Wbat we do To fulfil our mi55ion our charitsble objects arets) preveni 2nd reliev¢ p)vcrty. a￿nd the world. by providin¥ 8Fants, it¢rns and services to babies ¢hildra] ill netd and to tharitie& or othtrotBanisation4 working to prevent and relieve ￿vertY lor babie5 and children in need. How we fttllded 'the Babies Love Foundati￿ is fimtsjb). ckmatm￿ principlly from its I¢m￿o￿A&a tr￿]ng 5ub5idiary From Babics with Love Trading Lt OBJECTIV£SAND AcfiviTILS Public benefit In shaping our objertives and planning our actii'ities for thty(w. the Trustees hai'e given LiTrnsiderdtion w the dulie5 Set oul in Section 17151 ot. the Charities Arf 2UI I to have due regard ts) pjblic beE]¢fit. In particular: the Twstrcs h*v¢ considered how the planned ￿tiVilIeS will contribu* to thc oveTr]l aims and objective5 that they have seL The Tru5kes believe that the paragratkns alx)ve. and those in theseclion'Athicvcn]¢nÈ and Perforniamce.. wnvcy in the IKnefits that the Charity proviiks ¢0 thc public. FROM BABIES WITH LOVE FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30..IPRIL 2022 ACHIEVEMENT AND PERFORMANCE OYtRvl¢w of the ye*r In TesrK)nse to e5caiatin4 and new t(Inflid& during the YLW From Babits Mith IA)vc I￿all SUPW>rtin8 child1￿ iTt Afghanistan and Ukrainc. During the year Fr(TrTn B3bi¢5 Wtth IA)ve 5UPtKJr*d 45.481 chtldren12022: 26.i621. The children were supported through grants to tN'o thariiTr paEts]eTk SOS ChildTcn's Vill4es (registered charil) number I(￿92(￿) and Street Child (regisitred charity numtrrty 1128536). Our supp)n is delivenyl in sevrral fornJ& including 5urv>rt to indtviduat childret), ￿ nUTseries, s¢h(K>ls and teaching progrdmmes: and ￿ Child Fricndly Spates MTrth socÉaJ SUPFKbrn arKi ethK¥tl{￿ for Uth¥LY)mp&)iLM1 and refugtr children, rnaDy of whom havt experienced highty Iraumaijc siiuaiion Our impact contributes to rn￿Y ofthe UN'S Suthinable Drvrlopm¢ntGoaJs {'SDGs"l. in [￿rtI￿]￿r l - No Poverty. 2- Lcro Hunger, 3- G￿d Health & WL1]E￿"Jllg. 4- QU￿tlY Lducation and 5- Gender 14uality'.'I'he Lry states that SDG4. vbtaining a quality education. is the foun41￿70￿ ofcreating sustsinablc de*tlopmettL W()tking Mith OUT th¥ity p4rtner5 %'e fund Lducation PFogidtnmes alongside the Social: fatrbil)"_based &qre i'ulncrablc childrcn nccd 10 go tts Tndependeni aduh live& breAktll8 the cyele of p)vaty. ACTIVITIES Key grants Early years edut*t&ott attd family homes t&t wthrld Wilh SOS Childrer5's Villages our tunding suprrf)ned 41.164 children around the worl(L Fn)m Babies Love sup￿)rts villdgeK nUTS¢ry %h(K)15 and 5wbn50T5 individua] childrcn ￿ grow up w'ith an SOS rwu)L in loving lami1￿ homes. Each tamily homc has a living spatt, a kitchen. bathnx)tns beitrwm5 bunkird5 for alM)ut tcn children. a porch and gard¢TI. The children are loved and LXTed for bj an SOS and tho E*LoTne b￿thEr5 and sislets. fo￿ning a new tamil) unii. The villt¥e nur5erJ" ￿h￿IS care for around ￿ ts)ddI￿ ￿Mm0￿￿' there are 3 gn)ups of around 30 children.. two nannies and an ￿ls￿nI (we giver for each g]wp. This aJloi¥s the children ￿ begin their carly yCaTS learnsng. a tundatnental foundaiion for ongo]ngedll￿1W. Br￿king out of Slavery in Iyepal One ol" Ihe world's m4)s1 mar¥inJksed cotnrnuniliek Netxiffie Mu5ahar girls are Erf)rn in to labour (a fomi of mod¢rn 51aver!) and 5UtTer gender-i￿Se￿ ￿70{¢￿¢¢. Most are marrid bv age 10 and have 2 10 5 babies by age 15. The literydcy Tate is ju¥ 3.80/• INqHlesc avcragc 77.5Yol. Wc Supp￿ 2.541 girl& and their babt￿, in Strcel Child-s Marginalised No More projccL tU￿]ing an accelera￿d leaming PmmmTne to athle￿¢ basic literacy and nuTnerdCy skill& 45 M'ell as life 5ki11s protection circles facilitsicd by g)cial workers. This ptogratnme txTrntribules in p3rtirular to St)G5, Gender Equality artd SI￿4. 1.ducation. [[n￿rtan11j. an educa*d mother is more likeli tsTr send hcr children to sch(K>l, s() thi5 project chaTrg¢s the life ehanc£s of the gtrls and the￿ babie& doubling imrAd and cre•ting long ￿rn1 chango EducatioD for Soutb-Sud*ttts¢ r¢fugtt rbildr This was our fifth year of SUPTX)rt to South Sudan&se refugee childm in I,gan(l& which is host kn ovcr 1.4 million refugees. otr whiLh over 62% children (UNHCR 20201. Palakk is a relugee 5etUement in no]them lJgand& hoTne to more than 50.(XM) rclug(xs atxl thEfc 15 huge pressure on the edu¢atioD s%"stern. ID 2018 ￿.¢ Mrre part of a consortium led bv Sircet Child to build a new primary Xh(￿1 for 1,773 children. as well &s p￿vIding Child Friendly Spaces lor ftertchool progTainTDes. Our coniinucd Sup[rt￿ h&s Includ￿ o)nstrllrtion of a sch(Kkl kitthen. a ftK)d g3rd¢n and fvnding -WLial workers to help prL)vide holi51ic care. A5 a result of lack of fvndin2 and trdined ￿￿nnel. a l&ge of childrLM w'erc sutTcrin8 from unideniif14xldEMI unaddrE&￿ pY)Wion ri5k& These risks a￿d the subsequent Psycholog&cal irnpa¢Ls were exac¢rbaid bv th¢ co￿.1D-19 ￿￿emIc. Str￿# Child"s partner in P￿thk an incrv&%e in the nurDb¢r oftr&ses repoTted- but with llo pmgramme tn place. there WBS no abilÉty' to resrK>nd. Helping to addnss thi& we pmillid fiindine that has trained 1.619 pwpl¢ IxKial ￿orker& tcather5 and care-gtversl in child protection: training on to how to identify. resp)nd to referaky child FROM BABIES WITH iA>VE FOUNDATION REPORT OF THE TRUSTEES FOR THE YF.,IR ENDED30 APRIL2023 ACTtVlTIES CONTINUED Street childrth ]# Liberia Libcria wc supwrted 60 vf the Enost Tri]ItJLTdblc stred-(ITrll￿Ltrd childrcn. enablitjg them access to a safe hoTne qualit} education. Liknia is one tsf the Fwrc5t wuntrits in the w'orl(L raftked at 181 out c)f 189 on thc Human D￿'elopment Index (UNDP 20181. 20Vo ol"children are out Df Eth(K)l. In a prOgra￿e by str£￿ Child our 5UPW)rt included enJY)Iling 60 Children in primaTr sch￿1 and [￿0vidIng (￿h-up I&￿ing Sup￿r¢ business skills trdining aftd start-up 8ranis to caregtvers so they can generate incotne ￿ suP￿rt the children's educalion: and providing 50Ci Wotk 5UPW)rt to 60 families to tnitl8aie P￿¢￿￿On risks and kcw the children in scknl. Care and educgtioll eonflKt From Babits with iA)ve 5 funding foTunaccfryed children wTrK)se lives have dIsrU￿ed bv conflict continued: In Afghanistan Strtxt Child and its local Ewtners are the onl). rewised dtjcation a¢￿13 the state of Uruzgan. Afghanistan. where only 2(WA of ￿v5 are in education and 2•h of oirls in (P/ty in rural ar￿5. Uruzgan provinc£ is a Taliban controlled w dueto security risks the face50fThomcn artd children in the photoswc (Zll Share blurred VI￿]b]e. lliis year our suprort. alortgside [￿Ictr.￿., rontinud to enable Child to dramaticallj chatjge these ststisiits, empx)wering children ITOtN the ageof 6. man). ofwhom are inierna]ly displaced as a ￿ul10fth¢ ¢onflicL In hard-to-￿e￿ ar¢a5 and contlict zone& cl&sscs are (%tdblished in Ix)tntnunity building5 and houses. Gi&en the extreme culiural sensitivities Social workers are auachcd io the leaming centr[¥ to thcourage attendance and incre￿ aliaTene&s ol. the of educatii)n, ￿1th an ¢rDphasis on girls- S(￿la1 worters are a virxl part i)f thr tnodel. OUT 5UPlX>rt Is helping esthblish sale 2nd securt (x)rnrnunity 1&grning spaces sttengththing icachet CdWdLilv and funding the su¢1￿ workcrs lo crcatr pathways ts) sustainable ttsn51tiDn inlo 51ale ed￿1￿ for 2:5¢M) (YJnflia-affeet&l aEMI displac￿] children. Itk Nigeri*. Borno State in Ni8eria ha8 bea] signKftcaTttty 1ml￿d by the Lxmjflid with Boko 14aram and ifj hard-to-reach aTea cri5js affLYtcd children (kn ftoi haTre accr55 lo ￿k￿K)Is. A loDg-l¢rni loss of learning for an eniire get)ernti(>n of Child 5ks a rcven841 of dttades of adwancemeni againA the s[￿S- with *]￿lf￿ra￿l ￿￿￿o[niC and Social impacts. We ha￿e supwrtcd 1,788 ehildrLn in Street Child-s pionetring Last Milc Ll￿ing progrdmmL thich e*abl¢s rhildTen, rnany of whorn have lost their parents and have forcd kn flcc their homcs due to the ongoing (J)nflicL 10 Icsurne learning. Mile Leorning is designed with aschedulethaialloivs children ttscreatea 5af¢and stsble roulinethatoffers immedia psychological ptt)teeÈion and P￿v￿¢S dist￿gageme￿I 0rdrO￿)￿L The Iiwning SLhcdule includes d serits (Trf xLI￿lLIeS that align to familiar foundaiional arithtnetrc and reading apTroath that our tsxhers ￿ ￿1th our children. This year h￿.¢ SUPEK)rted l.IIK> children w.ho ha￿e been thn)ugh th¥ Milc Lcarning progrdmmc to tTansÈtion back into mainsbeam educatio￿ prDviding iarning mawials and Sch￿)1 unifornls. In Ukraint The Easiirn parts of Ukraine suffered the fiefeest fighiino and tr*sieged atea% are dwrived of to f￿1. watcr: h￿tIng and LleLiiicil)' other crucial 5eTrices. ehildrcn libing in resideniial insLitution% wilhoul paTeTrtal caFe: unacoiTnpanied and s¢parale4J childrLI). and children di￿bIllI1￿￿. twticularl} impxted. With ourcharity partners we L(>ntributed th emergeno care tor children wrii'in8 in the cil! of Lviv. sud) the Mother & Baby Centre established and rnn bv SOS Children's villag￿ In our rArthu5hip with Sireet Child we iwo Ukrainian Ncros tv Cl￿ fvr chlldren flceing the war. FROM BABIES WITH LOVE FOUNDATI REPORT OF THE TRUSTEES FOR THE YF.AR b%DED30 APRIL 2023 FINANCIAL REVIEW Finmncial position The tatal incoming re%MLrccs for the v¢ar amouthted to £IA).613 {2022: £89:022} and ouigoings io £too.802 (2022.. £82,058). Reserves poli The From Babies with Love FOund￿l(￿'S rEserve5 ￿￿lICY is the unre5triL#ed rcserve level at the balancc sheet date should nomially IK equ￿ to thc Tr'alue of Sh￿ invested in the subsidtary tt>tnpanTr From Babics with Love Trading Ltd plusa nominal value ty. These priKtdllrts are [￿[￿jtt￿I1W to qJ5ure they ￿*1] meet the ntxxls of the tharity. STRUCTURE, GOVERNANCE AND MANACEMENT Status The or8aiJisation 15 a charitable LximpaTry limi￿1 by gu*antr4 Inu>r￿)rated on 18 Nov{￿b¢r 2011 and registered as a charity on 29 DL'CLmber2011. The comwdny estsblished widera MemorarM1um of Aswciaiion, ￿h1¢h establi5hcd thc c)bjeLtives and uf the chtiritsble com￿)Y is gvvtmul undtT its Arlicle5 of A&sociaiion. The MeTnbErs hal'¢ guaTante¢d to contribute a maximum of £5 cach in the evajl of the compan) being wound up. Org*nisational strncture The charity 15 Tun by the Ik>ard comryising the TrUstr￿ delegate the da) tsTr to Cecilia Crossley. FROM BA81ES WITH LOVE FOUNDATION REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 30 APRIL2(JLI RFFERENCE AND ADMINISTRATIVE DETAIIS Registered Comp*tty 7853033 Registered Charity number I 145234 Registered offiee 10 l.ongcTOtt Avenue Harpcnden AL5 2Q/. Trustees Mrs C Cros51ey Mr D Cr05sley Mrs H Fteld13pwinted 12 DLxemt*r 2022) Mr M Kelly Mr N "thomas MrAZia Independent eiamintr Dr Shona WardTOP C.A. Chariot I louse Limited Chartered Accounthts 44 Gryand Parad¢ Brighton East Su55ex BN2 9QA Bankers Sanunder Bwtle L30 4CIB FROM BABIES WITH LOVE FOLfTriDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES The irusiees (who are also the directors of From Babies ￿lth Loye Foundaiion for ihe purposes of company law) are responsibl¢ for preparinu the Report of the Trusiees and the financial stsiements in acconlance with applicable law and United Kingdom Accouniin(F Standards {United Kingdom GenerallK Ac¢epied Accountinu Ptaciice). Company law requires the trustees (o prepare financial 5tatemeniS foi each financial sear which give a and fair view of ihe state of affair5 of Ihe charitable company and of ihe incominu rcsources and application of resources, including the income and expenditure. of rhe charitable cornpany for that period. In preparing thitrse financial stateinents. the trUS￿eS are required to seleci suitable accountin2 policie5 and then appl!. them consistently.. obsetve ihe methods and principles in the ChariTh' SORP.. make judgements and estimates that are reasonable and prudent; prepare the fin2ncial statements on ihe going concern basi5 unless it is inappropriate to presume ihatthe charitable company ￿.711 toniinue in business. The trnstees are responsible for keeping proper accountin(F records %&hich disclose with rrdsonable accurdcy at any time the financial position of ihe charithble compan}. and to enable ihem to ensure that the financial statements coThply with the Companies Act 2006. TheN' are also respoi]5Lble for safeguardino the assets of the charithble company and hence for takin(T reasonable sieps lor the prevention and deiection of fraud and other irregularities_ Approved by order of the board of ttustees on 22 January 2024 and signed on its behalf by." Mrs C Crossley INDF.PENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FROM BABIESWITH LOVL FOI".iYDATIO,Y Indeptndellt ex*min¢rfs report to the lrnstcts of Front Rabie5 with IA)ve FwMtl¥tioD ('the Company.) I r¢TK)rt to the chariry irustetts. On Tnj examin8Lion ofthe aea)unts of the Compan> for theY￿r ended 30 April 2023. RespoDsibilitie5 and b*si% of rtport As thc charity's Irust¢e5 of the CompanTr {and its dirwtor5 for the purp)ses tsfcompany law) you arc respTrnsibl¢ for the prqwation ol.the ac(x)Unts 4￿CordanCe with reqUi[Ltn￿ts of the Companies Aci 2(K16 {'the 2(MX> Act,). Ilaving satisfied m)sclf thai the accounts of thc Compani" aFr not Tcquired to be audiied ￿nder Part 16 of the 2006 Act and att eligible lor indyttdLrnt examtn&ion. I r¢pKKL in rw of m) examTnaiion of yOLEr ehar&tv's aco)unts as La￿led out under seclion 145 of the Charitits Act 2011 llh¢ 2011 Aa'l. In ￿ fft8 oul ffjy ¢xamitLation I have followed the Directions given by the Charity Commission undcr seL￿]￿n 145151 {bl of thc 2011 ACL l￿depe￿dent examiner's Ststem￿t I have Lompl¢t¢d my emmtnaiion. I confirm thatTKb matth haveLXTrme￿m) attrntson in i¥)nne￿Onwlththc examination 8ivin8 me (xu5e to believv. ac£ountittg rec(Trnls M•t not kwt itt of the Comtwxy a5 wired by %ction 386 ofthe 21X)6 A￿ or the accounts th) not accord w'ith tlKJ5e records: or thc accounts th noi compl). with the a¢¢ountsng requiteML￿ts of s￿l￿n 396 tsf the 2(KI6 Aci other than any requircmcnt ihai the a¢countsgive a true aThl tair view whith 15 not a mait£rconstder&l as part of an indeFKndent &xaminatioTh- or the dLwunts have not IKcn prcpared in Viith the mahods and priThciples of the s￿￿¢￿1 of Recommcnded Pradi¢¢ lor (K(x)unting and re[￿tn9 b)" chdriLie5 lapplicable io charitics prewing iheir aCc￿unIS in aLXM)ftlancc wÈth thr FiTW)cial RetrfTrrting Stsndard appls(xble in the ITK and Republic of IrLland {FRS IU21. I have eoncenLS and have xros5 no other mkuers in (X)[m￿l0￿ with the examination to which attention should be draw￿ in this rcFXlrt in orderts) enable a pri)per UT￿¢¥s￿tdin8 olthe ac4x)unis tr) ￿ reachej Dr Shona w￿drop CA. Charioi Hvu5¢ Li¥nitcd Chartcrcd AcLX>Untants 44 Grand Parddc Ilrighton BN2 9QA Date: 29 January 2024 FROM BABIES WITH LOVE FOUNDATIO STATEVENTOF FINAliCIAL Acfii'iTIES INCORPORATI￿G.￿N INCOME.4%D EXPEYDITURE ACCOUNT FOR THE YEAR E￿DED3• APRIL 2023 2023 2022 Un]rsirict¢d funds Unrtstricicd furtds INCOME AND EIYDOWMENTS FROM Donations Interest Èncome .407 206 89,003 19 Total ).613 89.022 EXPENDITLRE ON Charitable aetivities l(M).801 82.058 IYET IiYCOMEI(EXPENDITUREI (10.1881 RECOD4CJLIATIOI¥ OF FUNDS Totsl funds brought f•rY4¥rd 101.208 94.244 TOTAL FIINDS CARRIED FORWARD 91.020 101208 CONTINUING OPERATIONS All iDcotne and c￿[￿]ture h&8 arisen fJom ￿￿tinUing ¥tivilie The TK)*5 foTm of these financial stat(Ynents FROM BABIES WITH LOVE FOUNDATIOP* REGISTERED NUMBER: 7853033 BALANCE SHEET AT 30 APRIL 2023 10 2022 Unresiricied funds Unres(ri¢ied funds Note5 FIXED ASSETS Invesmienis 90,000 90,000 CURRENT ASSETS Debiois Cash at bank 590 1.030 590 1,620 11,832 CREDITORS Atnounts falling due within one year (6001 1624) NET CURRENT ASSETS 1.020 TOTAL ASSETS LESS CURRENT LIABILITIES 91.020 101,208 NET ASSETS 91,020 101,208 FUNDS Unrestricted funds.. General fund 10 91.020 101 208 TOTAL FUNDS 91,020 101,208 The Charitable cornpany 15 entitled to exernption from audit under Seciion 477 of the Companies Aci 2006 for the year ended 30 April 202i. The tnembers have not required rhe Compan￿ ro obthin an audit of its financial sratements for the year ended JO April 202). in accordance with Section 476 of ihe Companies Aci 2006. The irustee5 acknowledge their re5POn5ibiliiies for (a) ensuring that the charitable Company keeps accountin4 records that colnply with Sections i86 and i87 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the stste of affair5 of the ehaiitable cotnpany as at the end of each financial year and of its surplus or defjcii for each financial ￿ear in accordance with the requirements of Section5 i94 and i95 and which otherwise compl). wilh the requirements of the CoTnpanies Act 2006 relaiing to financial State￿ents, 50 far as applicable to the charitable company. (bl These financial siatements have been prepared in accordance with the special provisioTrs of Part 15 of ihe Companies Act 2006 relating io charitable small COTnpanies. The finallcial slatements Ivere approved by ihe Board of Trustees on 22 January 2024 and were signed gn its behalf by= Mrs C Crossley The note5 form part of these r]nancial statements 10 FROM BABIES WITH LOVE FOUP4DATIOIY NOTES TO THE FlTr4.ANCJAI. 8T4TEMENIS FOR"fHE YEAR EYDED30 APRIL 2023 Accouiyfiiyc POLICIES Atcountillg ba5i5 staDdard$: "lThe financial ofthe charit2hle compall).: Ivhich is a p￿b]I¢ benefit entity. under FRS 102. have iEen prepared in xcordanec wtth the Ch8Titif5 SORP IFRS 1021 'Accountin8 and Rew?rting by Chariiies: SLI[L￿[l￿t of Recommendtyl PTactice applicablc io charities prcwdring their a£Kounts in ac£ordantt ￿1th thc Fin2ncidl Rep)rtiHg Standard applicthle in the Uk and Republic of Ireland (fRS 102) {efF¢Ytive l January 2019),, Finan¢ia] RqK>rtin8 Stamdard 102 The fiThaneial Rywrting Stsndard appli￿le in the UK and Republic of Ireland, and Ihe Compattie5 Act 201Kp. The finart¢ial mtemcnts have beth under the cost convention. Attht Lime (Trf £wproving the fi￿LIa] sta￿￿ent& thr ttus*ts hav¢ a re4soTthle exrkxtslivn that the Lh¥rity h&8 ad4tsa r￿vr¢eS to ￿ntinue in O￿allOTta] ￿]StenCe forthc fore5ttth1e fitDJrfy and that basis the charity is considered to be a 8Otng ¢onc¢rn. The financial *atemettts are prqwed in stcrling whid] 15 the functio￿ tu￿¢V ofthe ￿lity, and art rotujdcd to the nearesi £1. The chartty meets the definilion of a public bencfit cntity as defjned by FRSIO2. Intome: All inttkme ts reeo8ni*d ill the Statement ofFinwiai Activities the charity has entitlem￿t to the fund it is probable thc incomewill ￿ reLeival al￿ the arnount Lxn ￿ measured rdtablv. EXp¢￿diture. Liabilities arc [l￿g￿l￿d &s cxrthdikntre a5 SODn a5 there is a Icgai or (x)nstrudivc obligation commiitin the chariiy to thai ex{￿di￿￿ it is probable that a transf￿ Ole￿nOMIC bthefits will be required srttleTnent and the mount of the obligation can be rn￿5￿[￿d ￿[13b1￿. ExExmditure is a¢¢ountol for on an accmals basis and ha5 knn classified under hc&Jin8s that aggTEatr all cost rela￿1 ￿ thc catcgors.. Where tt)sts (xnTKJt be dircctlj auributed to particular headings they have ttcn all￿a￿j to aLtivities on a b&sis thn.EisteDt the use of rwur¢tt. T*LqtioTr:'fhe Charity. is coJJsidered to P&85 the icsts 0111 irt P#ragra￿ I Sthedule 6 Fina￿¢ Act 2010 and therefore it mL*ts' th¢ definition of a tharitsblc cornpany for UK Corp)r&i(Trn'fax purrxises. A￿[ding1￿ the Charity IS Foienlially exempt from laX￿l0￿ in r¢spea ol inwrtte or capithl gains rccciNed ivithiTt Izlegories ￿￿ered b) Chapter 3 Part I I CoT[x)￿tIOn T&x Act 2010 or Section 256 of the T&tstion of ChaTgtable Gains A¢t 1992: to the extent that such income or gains are applied ex£lusively to charitable pu4￿se5. Funds: Unrestricted Funds are don￿10￿$ arjd other incomtng rewurL%s rffetvable or for the IA)jccts ofthe chaTii)' V¢ithout furthLY s￿lf]￿ pwtM)se and are availabl¢ a5getKral funth. Investments: The subsidiary company is valu¢d &c05L Judgements and key source5 of esttmxttoll llnttrt•iDty: In the arpli(Xtion of the ehariiv's acu)uniing ￿￿lie1C5. the LhaTiI)' 15 requI￿d to make judgTnents. e&im*es and assumptions aknui the ￿alue of&ssets and liabiliti￿ th are not r￿d]I). ap￿rL￿1 rtotn othff sourcek The &%timats and as￿l8[ed &ssumptions arc b&8ed on hisb)Tiol experienc£ and othLY facto￿ considcrcd io be rtlevant. Actual resthts ma) diifv trom these estimatss. The estimates and underlying a55umptions are reTrie￿ed on an ongoing ba5i5. ReNisions to aLYOUniing ¢#imatcs are re4x>gniscd in the period in which the e5tiTnate is rcvised. il. the Trwision affects onl) or in the ofthe revision and fvI￿e ￿￿0￿5 if thc r￿'1s1On affects IM)th the curretjl alld future peri FiDatsti*l iustruments: The charity" has only fIna￿la1 assets and financial liabilities of a kind that qualify as basi¢ financial instrnmLmL%. Ilasic financial Instruments are initiall% rccognisd & trans￿tiOn value attd are 5ub5equcntly measured at thcir settlement vaknc with the exrzpti￿ of tmnk loaos whith are rn￿5￿red at amortis&l using the effeaivc irttertst Tn¢th￿l. Financtal Ass¢ts: Trwk aThJ other debwffj alr rruwised at the Sa￿e￿￿1 amount due after any tFa(k di5counl offered. Prepavmtnts valued at the am￿n( FwcpJid ndof any dy¢. Financial Liabilitics: cr￿1￿1$ 8T￿ provisiorLS a[er￿Jg￿l$¢d where thedjarity h&8 a pretyt obligation resulting frojn a pJ& event thaL 14.ill proFAbl) result in the transfer of lunds tsi a third party. and the amount due to settle the obligation Lart ￿ measured or £*imated reliablTr. Creditors and provisions are normally recognisryl at theiT settlcment amouni after allowing for any di￿￿)UnIS due. FROM BABIES WITH LOVE FOUNDATIO NOTES TOTHE FINANCIAL STA'I'EMENTS FOR THE YEARENDED 30 APRIL 21123 12 DONATIOL¥S 2022 2022 Donations 89.IK)3 .407 89,(K)3 DIREcf COSTS OF CHAIUTABLE ACTIVITIES 2023 2022 Grants to ¢harttie5 Bank charges Indcpcndeni F￿amitE0¢1On 81.420 900 636 I￿,801 82.058 IYET INCOMFJ(EXPENDITURE) Net iTrcomellexpendiiu￿l is sts*d atler chargin81(LYediling): 2023 2022 IDdcp¢ndent Examinerfs fee 636 TRUSTEES. REMUNERATION AND BENEFITS During the year, no Trustt% rcceived any rrtnunrrntion or beneftts (2023: Nil) Ejor were any reimbwsed for atty expcnscs.12023= Nill. 12 FROM BABIES WITH LOVE FOUND.4TION NOTFS TO THE FTNANCI,IL STA TEMETr4TS- cof4Tlf4UED FOR THE YEAR ENDED 30..IPRJL 2023 13 PIUOR YEAR COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrtstriaed nds INCOME AND ENDOWMEPnS FROM Donat*ons Jnt¢re5t income 89.003 19 Total 89.022 EXPENDITURE ON Cbaritable *rtiviti¢s Tot*1 82.058 NET INCOMFJ{EXPENDITURE) RECONCILIATION OF FUNDS Total fuads br••ght forward 94244 TOTAL FVf4DS CARIUED FORWARD INVESTMENTS 2023 2022 Cost with rto provisio￿ for imrAirnieni * the tKginning of the peri¢MI Realistxi and urtrtsIl￿ gains I Ilossesl Cost with prowisiott for at 30 April 2023 90.0(K) 90.(HX> The cost with no provision for impalrni￿kn al 30 April 2023 £IA),(MKI hdd in From Babies With Lvv¢ Trading Ltd. Fn)m Babie5 Wtth IA)ve Trading Ltd is a su￿]diary company Irefet 121. DEBTORS: AMOUNTS FALLING DUE wfniiN ONE YEAR 2023 2022 R¢nt (kEK)sit aad other debtors 590 CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2023 2022 Accruajs 600 624 13 FROM BABIES WITH LOVE Fouf4DATION NOTES TOTHE FINANC.I.IL STATEMENTS-CONTINUED FOR THE YEAR bNDED 30 APRIL2O23 14 MOVEMENT IN FUNDS Net mov¢rD¢nt At 115122 At 30104123 Unrestrirted GeneMI fund 101.208 {10,188) 91.020 TOTAL FUNDS 101.208 (10,188) Net movemthi iTt fund% incI￿le￿ in the atrove a￿ as followk Incoming Resources Movemeni in eX￿ded funds LTllrtstrieted funds Gcncrdl tllrtd 90.613 {I¢M),802) {10.1881 TOTAL FUNDS 9ts.613 l(Kb.802) 10.188) Comp#rAtives for in fi￿dS Nel movement in funds Ai 115r21 AI 30ID4122 Unrestricted Funds Gen￿ fund 94244 101,208 TOTAL FbNDS 94,244 lal.20¥ CornparatiTre nel movement in (und% included in the aFM>ve are as foll IDLX)ming Resour¢c5 Movement in funds Unrestricted futtds Gen¢TrJ fund 89.022 (82.058} TOTAL FUNDS 89.022 82.0581 ii. RELATED PARTY DISCIAISURES There were t)0 related wty trnnsxtions {2022.. Ntl). 14 FROM BABIES WITH LOVE FOUNDATION NOTESTO THF FIIANCIAL ST.4TF.MENTS- COPITINUED FOR THE YLAR ENI PED 30.4PRIL 2023 Is 12. SUBSIDIARY COMPANY 2023 2022 OEdknary £1 Sharcs in subsidiar) roTn￿lY From Babics Lovr Trading Ltd ILX)mFAnv nutnlxr. 079(K￿9 and r¥gis¢eted otri(t the samc as From Babies with l.ove Foundation) is Mholl). owned bv the From Btibi(s with IA)i'e Found￿10n and is rrylst¢￿j F.ngland and Wales. As ￿30 April 2023 th¢ ini'e5tmcnt in From BabiLs With [￿ve Trading Ltd w&s £90,(M)O. The principal activÈty of the 5ub5idiary is ￿ sell Bi115 forthe pUr￿se of raising for the parent eharity. Profits made b}. the subsidiary ar¢ transferred by Gift AMI to the patht charity. A summary of the milts ofFrorn Babies with Love Tr￿littg iAd is Show below. Full will be filed with the Registrar ofc(Mnpanies. Consolidated xcounts are r￿>1 Twul￿d a5 the Chariiy is a small charity. 2023 2022 Profrt & Loss 1'urnover 673.W4 579.(KH) 581,867 502,107 79,76 71,725 Total expendtture Net Profit Donation pai¢J to the From Babits with tA)ve Foundation Rel&ined pN*frt fortht perb)d 73.657 21J37 8,035 Bxlxllct Sheet Net #ssets 152ffj66 131 J29 15