REGISTERED CHARITY NUMBER: 1172833 ort of the Trustees and Unaudited Financial Stalements for the Year Ended 31 March 2024 for Gloucestershire Bundles stanbridge AccountsnGy SerVis Limiled 9 Wheatstone Court Waterwells Business Park Davy Way GIOUster Gloucestershire GL2 2AQ
Gloucest8rshire Bundles Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examinels Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 14 Detailed Statement of Financial Activities 15 to 16
Gloucestershire Bundles Re ort of the Trustees for the Year Ended 31 March 2024 The trustees present their report with the financial statements of the Gharty for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of ReGommended Practice applicable to charities preparing their ac¢ounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES At Gloucestershire Bundles we believe that no child should go without the essentials for a happy childhood. Everything we gift is carefully put together to ensure Ihat families feel like they are reIving a gffl not a handoLrt. We collect new and good condition pre-loved donations of clothes, equipment, toys and toiletries and distribLrte these to pregnant women and families with children up the age of 16. We work with local professionals {midwifes, social workers, family ntreS etc,) receiving requèsts from them on behalf of families in need. We aim to reach each request with items generously donated to us by our local community. Our charity is a valuable resource to professionals supporting children and families in Glou¢estershire. Our chafltable objectives are the prevention, or relief of poverty, in the county of Gloucestershire. The charity aims to facilitate this by the provision of toiletries, clothing, toys, books and equipment to babies and children, and the parents and carers thereof, together wtth pregnant women, who are in need. by reason of social andlor economic circumstan. Page 1
Gloucestershire Bundles ort of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Like many other charities the cost of living crisis has continued to have a significant impact on the demand for our setvices. From 1 April 2023 to 31 March 2024 we responded to requests for help to SUPPOrt 926 families {865 in the previous year) and 1,706 thildren {1,565 in the previous year). This was an increase on the previous year of 7% of families and 90A children. Last year we saw an unprecedented 42 % rise for our services and had hoped this demand may begin to decline, however this was not the case. During the year we distributed 863 clothes bundles, a similar number of toiletry bundlès, as well as rnany other items, a significant number of which will have been donated by the local comrnunity. All iterns are safety checked and cleaned, each bundle is put together with care and attention to ensure they meet the needs of the family. A brand new mattress is always included wth a cot, pram or mos8s basket. The families we are helping are all experiencing poverty. They may be affected by domestic abuse, insecure housing, physical and mental heath challenges, in debt, or seeking asylum with no access to public funds. By providing essentials to these families we are providing practical support and trying to provide a little bit of hope, showing them that someone does care. On top of our core ServIS we ran our Christmas appeal, with its separate referral form, enabling the professional lo specify Ihe childlyoung person's individual likes and dislikes. 668 children received a large bag full of new gifts tailored to them. As in previous years we were fortunale to receive many new items donated by the general publiG both from our Amazon ¥vtsh list and elsewhere, as well as support from local companies. We continue to hold regular donation evenls principally for children's Glolhing, bul also accepting toys and books and rtain equipment, as well as new loilelries. However we are seeing a de¢line in the quality and number of items donated. We continue to maintain a good relationship with a local cash for clothes outlet, who will take items not suitable for onward donation to families. None of the abovè would be possible wlhout our team of dedicated volunteers. We currendy have around 20 volunteers who carry out a range of vilal roles for us from sorting through donations to preparing the management accounts, arranging fundraising events. administration and applying for grants. During the year we reviewed our trustee base and appointed five new trustees with expertise in finance, HR, law and IT. We are confident we now have the breadth of expertise to give us the 8UPPOrt we need to continue to meet the demands Pla on the charity. We decided during the year lo become a Real Living Wage employer to ensure our employees are paid a wage that meets everyday needs. During the year we were one of the first baby banks to join the new Baby Bank alliance. This is a national alliance created to increase the profile and impact of the vital wort undertaken by baby banks. As well as increasing the profile of baby banks the hope is the alliance will share knowledge and resources and attract funding. Page 2
GIOUStershIre Bundles Re ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW For the year ended 31 March 2024 we received grants and donations of £121,192 (2023.. £144,862). We are extremely grateful for our regular donors, as well as those who support our different appeals and fundraising activities, especially the Christmas appeal. We also Gontinue to raise funds via Ebay. Total expenses have declined slightly this year from £108.832 to £106,353. The main reason for this is that ¥ve have reducèd the amount we have Snt on referral packs relying more on donated items (down from £58,32110 £45,231 this year), underlying overheads were in faGt up by £10,611, 210/0. The increase in the number of referrals as well as the overall groWÉh of the charity has meant we have increased hours for our second part-time member of staff to support the work. We also became a Real Living Wage employer during the year. We are very grateful for the grants we have received which have included. National Benevolent Society, Cotswold Primrose Trust, Tesco, Lottery Foundation on behalf of HMG. Openworf( Foundation, Westèrn Power Dislribution, Gloucestershire Community Foundation and Skipton Building Society. We also reiVed a significant bequ8St from a supporter in their will. While our income has increased, much of this is restricted grants given in order to purchase clothing and equipment we have been unable to source from our donation events. A significant proportion of the grants are being carried forward into 2024125 which will help maintain our ongoing stabilty. FUTURE PLANS We expect 2024125 to Gontinue to be a busy year for us with demand remaining in line with the previous year. We are currently reviewing our IT Systems and controls and are in the process of upgrading these to comply with Cyber essentials certification. We are also looking to implemenl a new database and are currently looking at the various options. We shall continue to reach out to different organisations within the county, both for fundraising events and to make our work known to the wider population. Although we continue to see an increase in the demand for our seNices, we remain committed to our goal that no child within Gloucestershire should be without the clothing, 8quipment and toiletries which are essential for a happy childhood. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document Thp. r.harify is conlrollÈd by its goveming document. a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1172833 Principal address Unit 2 Whitworth Court Baird Road Quedgeley Gloucestershire GL2 2DG Page 3
Gloucestershire Bundles ort of the Trustees for the Year Ended 31 March 2024 Trustees Mrs D L Dolphin Mrs S L Brayshaw Mrs R A Phipps (resigned 7.7.23) Rev H M Champion Miss J Sharp (resigned 7.7.23} Mrs K Whitmore Mrs S Scothern Mr5 E Capewell {appointed 7.7.23) Ms O Griffiths (appointed 7.7.23) Mr J A Hayward (appointed 5.2.24) Ms F C Payne (appointed 5.2.241 Ms S Reader (appointèd 5.2.24) Independent Examlner Stanbridge Accountancy Services Limited g Wheatstone Court Waterwells Business Park Oavy Way GIoUSter GIoUsterShIre GL2 2AQ Approved by order of Ihe board of twstees on behalf by.. Li and signed on its Mrs D L Dolphin - Trustee Page 4
Inde endenl Examinels Re Glouceslershire Bundles ort lo the Trustees of Independent exatninerf5 report to the trustee5 Of GIouGE5tErshire Bundles I report to the charity trustees on my examination of the accounts of Gloucestershire Bundles (the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my examination of the Trust's accounts carriad out under Section 145 of thé Act an(J in carrying out my examination I have followed all applicable Dlrectlons given by the Charity Commission under Section 145151{b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities {A¢coLints 2nd Reports) RegLilalion* ?on8 nthg.r than any requiremenl that the aGGounts give a true iqrid fdll view wliitsli is not a niatter considered as part of an independent ex2mination. I heve no concerns and have come across no other mattcrs in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reaGhed. un Stanbridge Accountancy Services Limited 9 Wheatstone Court Waterwells Business Park Davy Way Gloucester Gloucestersliire GL2 2AQ Date.. Page 5
Gloucestershire Bundles statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 37,263 37,263 17,937 Charitable activities GENERAL 20,309 63,619 83,928 126.924 other trading activities 13,339 13,340 19,195 Totsl 70,911 63,620 134,531 164,056 EXPENDITURE ON Raising funds 3,251 22,878 26,129 19,622 Charftable actlvllles GENERAL 15.512 64,712 80.224 89,210 Total 18,763 87,590 106,353 108,832 NET INCOMEI{EXPENDITURE) 52,148 (23,970) 28,178 55,224 RECONCILIATION OF FUNDS Total funds brought fomard 101,977 51,148 153,125 97,901 TOTAL FUNDS CARRIED FORWARD 154,125 27,178 181,303 153,125 The notes form part of these financial statements Page 6
Gloucestershire Bundles Balance Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund fund Notes FIXED ASSETS Tangible assets 5,487 5,487 7,448 CURRENT ASSETS Debtors Cash al bank and in hand 1.324 149,545 1,324 176,723 1,746 145,041 27.178 150,869 27,178 178,047 146,787 CREDITORS Amounls falling due ¥vithin one year 12,231) (2.231) (1,110> NET CURRENT ASSETS 148,638 27,178 175,816 145,677 TOTAL ASSETS LESS CURRENT LIABILITIES 154,125 27.178 181,303 153,125 NET ASSETS 154,125 27,178 181,303 153,125 The notes form part of these financial statements Page 7 continued...
Gloucestershire Bundles Balance Sheet- continued 31 MarGh 2024 FUNDS Unrestricted funds Restricted funds 154,125 27,178 101,977 51,148 TOTAL FUNDS 181,303 153,125 The financial statemen s were approved by the Board of Trustees and authorised for issue on •.....thKow..........2¢and were signed on its behalf by.. Mrs S L Brayshaw - Trustee Mfs D L Dolphin - Trustee Mrs E Capewell - Trustee The notes form part of these financial statements Page 8
Gloucestershire Bundles Notes to the Financial Statements for th8 Year Ended 31 Marth 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefrt entity under FRS 102, have been prepared in accordan with the Charities SORP (FRS 102} 'Accounting and Reporting by Charities.. Statement of Recommended practi applicable to charities preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost ¢onvention. Income All income is re¢ognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation omrnitting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of Ihe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and ffftings 150/0 on cost Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. R68tricted funds Can only be ueed for particular restricted purposeÈ.within the objectt of the charity. Restrictions arise when specified by th8 donor or when funds ar8 raised for particular restricted pu OS8S. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and loaslng commltments Rentals paid under operating leases are charged to the Statement of Financial A¢tNities on a straight line basis over the pertod of the lease. Page 9 continLbed...
Glouceslershire Bundles Notes lo the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Pension Gosts and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Fundraising events 13,340 19,195 RAISING FUNDS Invesknent rnanagement costs 31.3.24 31.3.23 Staff costs 1,187 TRUSTEES, REMUNERATION AND BENEFITS 31.3.24 31.3.23 Trustees, salaries Trustees, pensions paid 22,540 441 17,290 371 22,981 17,661 Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 17,937 17,937 Charilable activities GENERAL 5,000 121,924 126.924 Other trading activities 19,194 19,195 Total 42,131 121,925 164,056 EXPENDITURE ON Raising funds 3,621 16,001 19,622 Page 10 continued...
Gloucestershire Bundles Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund Total funds Charitable aclivities GENERAL 17,833 71,377 89,210 Total 21,454 87,378 108,832 NET INCOME 20,677 34,547 55,224 RECONCILIATION OF FUNDS Total funds brought foNard 81,300 16,601 97.901 TOTAL FUNDS CARRIED FORWARD 101,977 51,148 153,125 TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 April 2023 and 31 March 2024 13,076 DEPRECIATION At 1 April 2023 Charge for year 5,628 1,961 At 31 March 2024 7,589 NET BOOK VALUE At 31 March 2024 5,487 At 31 March 2023 Page11 continued..
Gloucestershire Bundles Notes to the Financial Statements - continued for the Year Ended 31 March 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 VAT 1,324 1,746 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Taxation and social security Other creditors 317 1,914 26 1,084 2,231 1,110 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 101,977 52,148 154,125 Restricted funds General restricted fund 51,148 (23,970) 27,178 TOTAL FUNDS 153,125 28,178 181,303 Nel movement in funds, included in the above are as follows.. Incoming Resourcès Movemènt reSoUrS expended in funds Unrestricted funds General fund 70,911 {18,763} 52,148 Restricted funds Gen*ral r@strirtéd fund 63.620 {87.590) (23,970) TOTAL FUNOS 134,531 (106,353) 28,178 Page 12 Continued...
Gloucestershire Bundles Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund 81,300 20,677 101,977 Restricted funds General restricted fund 16,601 34,547 51,148 TOTAL FUNDS 97.901 55,224 153,125 Comparativè net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 42,131 (21,454} 20,677 Restricted funds General restricted fund 121,925 (87,378) 34,547 TOTAL FUNDS 164,056 (108,832) 55,224 A Current year 12 months and prior year 12 months ¢ombin8d position is as follows.. Net movement in funds At 31.3.24 At 1.4.22 Unragtrictod funds General fund 81,300 72,825 154,125 Restricted funds General restricted fund 16,601 10,577 27,178 TOTAL FUNDS 97,901 83.402 181,303 Page 13 continued..
GIOusterShIre Bundles Notes to the Finanaal Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS . continued A current year 12 months and prior year 12 months combined net movement in funds, induded in the above are as follows.. Incorning Resources Movement resources expended in funds Unrestricted funds General fund 113,042 (40,217) 72,825 Restricted funds General reslricted fund 185,545 (174,968) 10,577 TOTAL FUNDS 298,587 (215,185) 83,402 10. RELATED PARTY DISCLOSURES The were no related party transactions for the year ended 31 March 2024. Page 14
Gloucestershir8 Bundles Detailed Stalement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations 37,263 17,937 Other trading actlvltles Fundraising events 13,340 19,195 Charitable activities Grants 83,928 126,924 Totsl Incomlng resources 134,531 164,056 EXPENDITURE Other trading activities Trustees, salaries Trustees, pensions paid Fixtures and fittings 22,540 441 1,961 17,290 371 1,961 24,942 19,622 Inveslment management costs Wages Pensions 1,152 35 1.187 Charitable activities Other operating leases Rates and water Insuran Light and heat Postage and stationery Sundries Repairs and maintenance Staff training and welfare Goods purchased for referral p acks 24,191 3,049 561 1,790 2,461 22,502 2,787 893 1,681 977 300 276 674 144 45.231 58,321 78,187 87,836 Support Gosts Managemenl Telephone 591 464 This page does not form part of the statutory financial statements Page 15
GIoUsterShIre Bundles Detailed Statement of Financial Activities for Ihe Year Ended 31 March 2024 31.3.24 31.3.23 Management GovernanGe costs Accountancy and legal fees 1,446 910 Total reSoUrS expended 106,353 108,832 Net income 28,178 55,224 This page does not form part of the statutory financial statements Page 16