Trustees’ Annual Report for the period
From 1 April 2023 Period start date To 31 March 2024 Period end date
Charity name: Baby Bank Network
Charity registration number: 1165381
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | a. The prevention or relief of poverty in the UK in particular by providing items and services to families with young children and/or to charities or other organisations who also work to prevent or relieve poverty amongst families with young children; and b. for the public benefit, the advancement of health of women who are pregnant or who are mothers of young children and of children in particular by providing advice and support in relation to pregnancy, birth, post-natal health and breast feeding |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Providing second hand baby and child items to families in need (e.g. families on low incomes, refugees and asylum seekers, victims of domestic violence). We also supply some new items which we buy, such as mattresses and bottle teats (which cannot be passed on second hand). |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had regard to, and discussed in meeting, the Charity Commission’s guidance on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | N/A |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | We have approximately 40 volunteers who are key to providing our service. They not only help sort and pack up donated items for the families we help, but also help with administration, social media etc. We have four members of staff: a CEO, an office manager, service manager and a part time fundraiser. |
| Other |
Achievements and Performance
SORP reference
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In terms of the numbers of families helped per week, we have seen an increase in demand for our services. We anticipate this will continue as a result of the cost of living crisis, socioeconomic pressures We helped 1798 families in 2023/24 with over 82,000 items |
|
|---|---|---|---|
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Receipts of £135,706 and expenditure of £106,106 |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | At the end of FY23/24, we held £52,666 in unrestricted funds equivalent to 7.2 months core running costs (£7,344 per month excluding all project costs). Our core running costs will increase over the next financial year due to introducing a new service with new staff. We are building our unrestricted reserves accordingly to comply with our minimum reserves policy. We have £31,691 in restricted reserves towards project costs such as the delivery service and mattress costs. The remaining £45,884 is designated for projects supporting our growth and development key to achieving our strategic goals (e.g. launching a second arm to our service, improving our premises and hiring more staff). |
| Amount of reserves held | Para 1.22 | £130,201 ( £52,666 unrestricted £77,535 restricted funds} |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
Grants, community events and individual donors. |
|---|---|---|
| Investment policy and objectives including any social investment policy |
adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Other
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Charitable Incorporated Organisation constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | New trustees are required to complete an application form and are interviewed to assess their suitability. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | Trustees receive an induction pack on joining. |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 |
Other
Reference and Administrative details
| Charity name | Baby Bank Network |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1165381 |
| Charity’s principal address | Ground Floor, Unit 5, Stoke View Business Park, Stoke View Road, Bristol BS16 3AE |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Rosanna James | Chair | |||
| Stephanie King | From Nov 23 | |||
| Eva Fernandes | ||||
| Anna Zawada | Treasurer | |||
| Morena Staiano | ||||
| Cristiana Ruocco | From Nov 23 | |||
– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets n/a held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional) Names and addresses of advisers (Optional information)
Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
----- Start of picture text -----
Signature(s)
Full name(s) Rosanna James
Position (eg Secretary, Chair
Chair, etc)
Date 10/12/25
----- End of picture text -----
| Baby Bank Network |
Baby Bank Network |
Baby Bank Network |
No 1165381 | CC16a | ||||
|---|---|---|---|---|---|---|---|---|
| Receipts and payments accounts | ||||||||
| For the period from |
Period start date 1-Apr-23 |
To | Period end date 31-Mar-24 |
|||||
| Section A Receipts and payments | ||||||||
| A1 Receipts - Donations, grants, other funding | Unrestricted to the nearest £ |
Restricted funds to the nearest £ |
Endowment to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ - 68,033- - -- - 22,647- - 5,263- - -- - 53- - 95,996- - -- - -- - 95,996- - 36,165- - 2,825- - 12,277- |
102961 14464 13271 5010 18281 |
||
Grants |
- 15,254- |
- 87,707- |
- -- |
- 102,961- |
- 68,033- |
|||
| Crowdfunding | - -- |
- -- |
- -- |
- -- |
- 117,425- |
|||
| Donations | - 14,464- |
- -- |
- 14,464- |
- 22,647- |
- 117,425- |
|||
| Fundraising Activities | - 13,271- |
- -- |
- 13,271- |
- 5,263- |
||||
| Other Earned Income | - -- |
- -- |
- -- |
- -- |
||||
| Other Income | - 5,010- - 47,999- |
- -- |
- 5,010- |
- 53- |
||||
| Sub total(Gross income for AR) | - 87,707- |
- -- |
- 135,706- |
- 95,996- |
||||
| A2 Asset and investment sales, (see table). | ||||||||
not applicable |
- -- - -- |
- -- |
- -- |
- -- |
- -- |
|||
| - -- |
- -- |
- -- |
- -- |
|||||
| - 47,999- |
- 87,707- |
- -- |
- 135,706- |
- 95,996- |
||||
Staff |
- 37,756- |
- 29,032- |
- -- |
- 66,788- |
- 36,165- |
|||
| Governance Costs | - 2,434- |
- -- |
- -- |
- 2,434- |
- 2,825- |
|||
| Office / Premises Costs | - 1,135- |
- 12,171- |
- -- |
- 13,306- |
- 12,277- |
|||
| Running Costs | - 1,695- |
- -- |
- -- |
- 1,695- |
- 1,846- |
|||
| Volunteer Costs | - 423- |
- 14- |
- -- |
- 436- |
- 111- |
|||
| Project Activity | - 562- |
- 17,414- |
- -- |
- 17,975- |
- 14,183- |
|||
| Fundraising Costs | - 118- |
- -- |
- -- |
- 118- |
- 48- |
|||
| Capital Items | - -- |
- -- |
- -- |
- -- |
- -- |
|||
| Other Expenditure | - 272- |
- 3,082- |
- -- |
- 3,354- |
- -- |
|||
| Sub total - 44,394- A4 Asset and investment purchases, (see table) |
- 44,394- |
- 61,712- |
- -- |
- 106,106- |
- 67,455- |
|||
| A4 Asset and investment purchases, (see table) | ||||||||
not applicable |
- -- |
- -- |
- -- |
- -- |
- -- |
|||
| - -- - -- |
- -- |
- -- |
- -- |
- -- |
||||
| - -- |
- -- |
- -- |
- -- |
|||||
| - 44,394- |
- 61,712- |
- -- |
- 106,106- |
- 67,455- |
||||
| - 3,605- |
- 25,995- |
- -- |
- 29,600- |
- 28,541- |
||||
| - -- |
- -- |
- -- |
- -- |
- -- |
||||
| - 49,061- - 52,666- |
- 51,540- |
- -- |
- 100,601- |
- 72,060- |
||||
| - 77,535- |
- -- |
- 130,201- |
- 100,601- |
|||||
| Section B Statement of assets and liabilities at the end of the period | ||||||||
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities Signed by one or two trustees on behalf of all the trustees |
Details | Unrestricted to nearest £ |
Restricted funds to nearest £ |
Endowment to nearest £ - -- - -- - -- OK Endowment funds to nearest £ - -- Current value (optional) - -- Current value (optional) - -- When due (optional) |
||||
| Bank Balance at end of period | - 73,058- |
- 77,535- |
- -- |
|||||
| less payments made but not processed | - -- |
|||||||
| Total cash funds (agree balances with receipts and payments account (s)) Details |
- 73,058- |
- 77,535- |
- -- |
|||||
| Agreement Error Unrestricted funds to nearest £ |
OK Restricted funds to nearest £ |
|||||||
| - -- |
- -- |
- -- |
||||||
| Details | Fund to which asset belongs |
Cost (optional) | ||||||
| - -- |
- -- |
|||||||
| Details | Fund to which asset belongs |
Cost (optional) | ||||||
| - -- |
- -- |
|||||||
| Details | Fund to which liability relates |
Amount due (optional) |
||||||
| Accounts payable and deferred income on grant | 393.58 | - 20000- |
||||||
| , | ||||||||
| Signature | Name | |||||||
CCXX R1 accounts (SS)
12/10/2024
1
10/12/2024, 21:34
Examiner report Nov 24 signed.jpeg
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