2023-03-31-accounts

Trustees’ Annual Report for the period

From 1[st] April 2022 Period start date To 31[st] March 2023 Period end date

Charity name: My Bag Charity

Charity registration number: 1178042

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The prevention or relief of poverty of vulnerable children throughout England.
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	Supplying a holdall with essential and comfort items as they enter foster care, in order to help those children have a more positive experience and ensuring they have a more stable and supported opportunity in the care system. The benefit of the organisation’s purposes are that children will obtain some relief from acquiring a bag of essential and comfort items. The bag itself, and the items included within it, are selected by the Trustees to reduce the discomfort and stress on the recipient during the time of entering into Foster Care for the first time which can cause physical and emotional strain due to adverse circumstances.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Trustees understand the guidance issued by the Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment

Para 1.38 Contribution made by volunteers Other

Achievements and Performance

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SORP reference
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||| |---|---| |My Bag Charity continues it’s work in| |the current year and the trustees have| |welcomed a successful year raising| |Summary of the main|£23,355.41, up from £13,462.42 in the| |Para 1.20| |achievements of the charity,|prior year| |identifying the difference the| |charity’s work has made to|As in previous years, the Trustees are| |the circumstances of its|overwhelmed at the generosity of their| |beneficiaries and any wider|supporters who, without them, would| |benefits to society as a|not be able to achieve our objectives.| |whole.| |The Trustees extend their deepest| |gratitude to all of My Bag Charity’s| |supporters and donors.| |As in the previous year, My Bag charity| |continue to work closely with both| |Nottingham City and Nottinghamshire| |County council to help achieve our aim| |of giving a ‘My Bag’ to each and every| |child that enters Foster Care in both| |Nottingham and Nottinghamshire for the| |first time.| |As Trustees we have again kept our| |running costs to an absolute minimum| |with no Trustee claiming any income| |from the charity. This means that, as a| |result, this year our overheads amounts| |to just 2.8% of income raised, meaning| |that over 97p in every pound raised| |goes directly towards achieving our| |aims and objectives.|

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Additional information (optional) You may choose to include further statements where relevant about:

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||| |---|---| |Achievements against|Para 1.41| |objectives set|

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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	The charity continues to have a strong financial position to enable us to meet our aims into the following year
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Any excess funds are held so that the charity can achieve it’s aim of giving each child in Nottingham and Nottinghamshire a ‘My Bag’ as they enter Foster Car for the first time
Amount of reserves held	Para 1.22	At the year ended 31st March 2023, the charity held £35,285.66
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 – No going concern issues.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Charitable Constitution Governing Document
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Constitution for Charitable Incorporated Organisation (CIO) – Foundation Model
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	Apart from the first charity Trustees, every Trustee must be appointed by a resolution passed at a properly convened meeting of the charity Trustees. In selecting individuals for appointment as charity Trustees, the charity Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

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Additional information (optional)
You may choose to include further statements where relevant about:
Any decision may be taken either:
 At a meeting of charity Trustees; or
Policies and procedures  By resolution in writing or electronic
adopted for the induction Para 1.51 form agreed by a majority of all of
and training of trustees the charity Trustees, which may
comprise either a single document
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Policies and procedures adopted for the induction and training of trustees	Para 1.51	Any decision may be taken either:  At a meeting of charity Trustees; or  By resolution in writing or electronic form agreed by a majority of all of the charity Trustees, which may comprise either a single document
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	or several documents containing the text of the resolution in like form to which the majority of all the charity Trustees have signified their agreement. Such a resolution shall be effective provided that: 1. A copy of the proposed solution has been sent, at or as near as reasonably practicable to the same time, to all charity Trustees; and 2. The majority of all the charity Trustees have signified agreement to the resolution in a
Relationship with any related parties	Para 1.51
Other		document or documents which has or have been authenticated by their signature, by a statement of their identity accompanying the document or documents, or in such other manner as the charity Trustees have previously resolved, and delivered to the CIO at its principal office or such other place as the Trustees may resolve within 28 days of the circulation date

Reference and Administrative details

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Charity name My Bag Charity
Other name the charity uses
Registered charity number 1178042
Charity’s principal address My Bag Charity C/O The Office Way
64 Derby Road
Long Eaton
Nottingham
NG10 4QP
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Nicola Barber
2 Stuart Ferguson
Stephanie Rachael
3
Mallory
4 Oliver Rolling
5
6
7
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9
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12
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14
15
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– 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 N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A 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

Signature(s) Oliver Rolling (electronically signed) Full name(s) Oliver Rolling Position (eg Secretary, Treasurer Chair, etc) Date 30/12/2023

My Bag Charity

Statement of Financial Activity For the Period 1st April 2022 - 31st March 2023

INCOME Donations 1 Fund Raising Activities 2 Total EXPENDITURE Charity Expenditure Support Costs 3 Total NET INCOME Total Funds Brought Forward Total Funds Carried Forward	£ 21,382 1,973 23,355 18,151 648 18,799 4,557 34,771 39,328

My Bag Charity

Balance Sheet For the Period 1st April 2022 - 31st March 2023

CURRENT ASSETS £ Stock 3,550 Prepayments 492.09 Cash at Bank 35,286 CREDITORS Amount falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL NET ASSETS FUNDS	£ 39,328 0 39,328 39,328 39,328 39,328

My Bag Charity

Notes to the Financial Statements For the Period 1st April 2022 - 31st March 2023

1) Income from Donations

Single/One-Off Donations Monthly/Recurring Donations Business/Organisational Donations Donated Products/Services TOTAL	£ 1,422 3,872 15,559 530 21,382

2) Income from Fund Raising Activities

My Bag Event Proceeds 3) Support Costs Web and Email Hosting Miscellaneous Costs Mileage Claim TOTAL	1,973 246 76.8 325.1 648