## Leeds Baby Bank
Charity number 1179029
## Annual Report and Financial Statements
for the year ended 31 March 2024
## Leeds Baby Bank
## Annual Report and Financial Statements for the year ended 31 March 2024
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 3|
|Examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the accounts|7 to 12|
## **Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Leeds Baby Bank
## Trustees' report for the year ended 31 March 2024
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates** Chantal Nogbou Co Chair, Co Treasurer Faye Freeman Co Chair, Co Treasurer Philippa Cartwright Resigned 15 January 2024 Emma Gledhill Resigned 7 October 2024 Rachel Robinson Laura Bennett Secretary Matthew Deering Appointed 3 April 2023 Naberay McGuffie Appointed 2 October 2023, resigned 30 May 2024 **Charity number** 1179029 Registered in England and Wales **Registered and principal address Bankers** Unit 4,5 and 6, Upper Balcony Lloyds Bank 4 St. Johns Centre 65-68 Briggate Leeds Leeds LS2 8LQ LS1 6LH
## **Independent examiner**
E J Beverley FCCA **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation (CIO) foundation formed on 3 July 2018 and is governed by a constitution.
## **Method of recruitment and appointment of trustees**
The trustees are appointed by the trustees following an official recruitment process.
2
## Leeds Baby Bank
## Trustees' report (continued) for the year ended 31 March 2024
## **Objectives and activities**
## **The charity's objects**
To relieve poverty among families with young children, principally aged 0 to 4, and pregnant women, in conditions of need, hardship or distress within the Leeds area, for the public benefit, by:
- a) providing essential equipment and other items for children aged 0 to 4 and pregnant women.
- b) providing support through groups, drop-ins, events and projects benefitting the wider family.
- c) providing information on local agencies, charities or groups who may offer further support.
## **The charity's main activities**
The Leeds Baby Bank provides pre-loved maternity, baby and toddler essentials to families in need across Leeds.
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular prevention or relief of poverty.
## **Achievements and performance**
During 2023-24 we saw demand for our services increase, both in referrals and at our Outreach service in the community. We saw an increase in particular in the number of families requiring beds for their babies and young children, especially around the winter months.
The whole Leeds Baby Bank team worked hard to support families in need, providing essential baby items and equipment. In 2023 we provided over 34,000 items to families, supporting over 3,600 children. We could only do this thanks to our amazing volunteers and our supporters who donated their pre-loved baby items, gifted items off our wish list and raised funds for the charity.
## **Financial review**
The net income for the year was £73,129, including net income of £122,727 on unrestricted funds and net expenditure of £49,598 on restricted funds after transfers.
## **Reserves policy**
Our target reserves fund is set at £83,000 to ensure ongoing charity activities. This is to cover approximately six months of premises costs and three months of all other expenditure lines in the budget. This level of reserves would enable us to continue our work supporting families by providing baby items and equipment, as well as delivering the Outreach programme on a weekly basis while ongoing funding was sourced.
The charity's free reserves, excluding fixed assets, at the year end were £173,315.
There has been a significant increase in the amount of unrestricted donations to the charity this year, resulting in the free reserves exceeding the policy target by approximately £90,000. As we move into our new premises our costs will increase and these funds will be used for this purpose.
Approved by the board of trustees on 06/01/2025
Chantal Nogbou (Trustee)
3
## Leeds Baby Bank
## Independent examiner's report to the trustees of Leeds Baby Bank
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2024, which are set out on pages 5 to 12.
## **Responsibilities and basis of report**
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since the CIO's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.
I confirm that I am qualified to undertake the examination because I am a fellow of ACCA which is one of the listed bodies.
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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
E J Beverley FCCA
08/01/2025
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
4
## Leeds Baby Bank
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2024
|Notes
2024
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
178,384
Bank interest
480
Other income
-
**Total income**
178,864
**Expenditure on:**
Wages, NI and pensions
(3)
29,048
Payroll charges
480
Recruitment
-
Consultancy and professional fees
-
Travel and transport
113
Van running costs
1,160
Utilities
2,154
Volunteer expenses
19
Resources for referrals
12,793
Resources for unit
2,259
Printing, postage and stationery
99
Phone
1,434
Computers, IT and software
391
Training
947
Database
-
Fundraising costs
274
Insurance
2,709
Gifts
300
Independent examination
1,386
Other expenses
918
Health and Safety
-
Rates
-
Depreciation
3,125
Interest paid on HP
-
**Total expenditure**
59,609
**Net income / (expenditure)**
119,255
**Transfers between funds**
3,472
**Net movement in funds**
122,727
**Fund balances brought forward**
50,588
**Fund balances carried forward**
(4)
173,315|2024
Restricted
funds
£
155,264
-
-
155,264
42,227
240
-
-
-
706
3,415
-
148,244
1,641
117
-
-
-
2,664
-
79
-
-
71
-
1,348
-
638
201,390
(46,126)
(3,472)
(49,598)
66,310
16,712|2024
Total
funds
£
333,648
480
-
334,128
71,275
720
-
-
113
1,866
5,569
19
161,037
3,900
216
1,434
391
947
2,664
274
2,788
300
1,386
989
-
1,348
3,125
638
260,999
73,129
-
73,129
116,898
190,027|2023
Total
funds
£
214,656
57
195
214,908
81,433
747
444
2,652
7
998
4,419
69
60,098
5,956
222
1,385
353
1,300
2,874
184
2,774
390
1,020
176
433
-
3,125
765
171,824
43,084
-
43,084
73,814
116,898|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
5
## Leeds Baby Bank
## Balance sheet
|as at 31 March 2024
2024
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
-
**Total fixed assets**
-
**Current assets**
Debtors and prepayments
(6)
7,205
Cash at bank and in hand
(7)
168,070
**Total current assets**
175,275
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
1,960
**Total current liabilities**
1,960
**Net current assets / (liabilities)**
173,315
**Net assets**
173,315
**Funds**
Unrestricted funds
173,315
Restricted funds
-
**Total funds**
173,315|2024
Restricted
£
-
-
875
15,837
16,712
-
-
16,712
16,712
-
16,712
16,712|2024
Total
£
-
-
8,080
183,907
191,987
1,960
1,960
190,027
190,027
173,315
16,712
190,027|2023
Total
£
3,125
3,125
2,009
116,256
118,265
4,492
4,492
113,773
116,898
50,588
66,310
116,898|
|---|---|---|---|
The financial statements were approved by the board of trustees on 06/01/2025
Chantal Nogbou (Trustee)
6
Notes to the accounts
## Leeds Baby Bank
## for the year ended 31 March 2024
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The accounting policies have changed in that the charity has moved to accruals accounting from receipts and payments based accounts.
The accounts for the previous year have been restated to reflect this change. Details of the changes can be found in the notes.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Tangible fixed assets**
Tangible fixed assets costing more than £1000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Motor vehicles: over 4 years
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
7
## Leeds Baby Bank
## Notes to the accounts continued
## for the year ended 31 March 2024
|**2 Grants and donations**
Asda Foundation
Brelms Trust
Groundwork Comic Relief
Leeds Christian Community Trust (LCCT)
Leeds Community Foundation (LCF)
Prince of Wales (PoW) Coronation Fund
Sir George Martin Trust
The DWF Foundation
The Keith Howard Foundation
The National Lottery Community Fund (NCLF)
Wades Charity
Ardonagh
Assura Community Fund
Caddick
Comic Relief - Cost of Living Appeal
Freemasons
Hill Dickinson
Julia and Hans Rausing Trust
Leeds City Council
Leeds City Council (Kickstart)
Mazars
St James's Place
United Way
Other grants and donations incl gift aid
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions|2024
Unrestricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
178,384
178,384|2024
Restricted
funds
£
1,000
5,000
6,300
44,750
3,240
5,000
3,000
2,100
10,000
68,624
6,000
-
-
-
-
-
-
-
-
-
-
-
-
250
155,264|2024
Total
funds
£
1,000
5,000
6,300
44,750
3,240
5,000
3,000
2,100
10,000
68,624
6,000
-
-
-
-
-
-
-
-
-
-
-
-
178,634
333,648
2024
£
70,080
4,314
(4,314)
1,195
71,275|2023
Total
funds
£
1,500
5,000
4,800
-
20,000
-
3,000
-
-
9,933
-
5,000
2,000
5,000
5,500
7,550
1,352
14,645
40,000
8,011
15,070
10,000
1,500
54,795
214,656
2023
£
80,374
3,982
(3,982)
1,059
81,433|
|---|---|---|---|---|
The average number of employees during the year was 4, being an average of 2.7 full time equivalent (2023: 4.6, 2.9 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**|2024|2023|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|1,195|1,059|
|Amount of any contributions outstanding at the year end|205|199|
8
## Leeds Baby Bank
## Notes to the accounts continued for the year ended 31 March 2024
|**4 Restricted funds**
Asda Foundation
Assura Community Fund
Brelms Trust
Comic Relief Cost of Living Appeal
PoW Coronation Food Project
DWF foundation
Feed
Groundwork Comic Relief
Hill Dickinson
LCC Jimbo's Fund
Julia and Hans Rausing Trust
The Keith Howard Foundation
LCCT Househ'd Support Fund (HSF)
Leeds City Council
Mazars
The National Lottery
NCLF - Cost of living fund
Sir George Martin Trust
St James's Place
LCF Stay Well This Winter
United Way UK
Wades Charity|Balance b/f
£
-
649
68
500
-
-
-
70
1,352
18,205
14,645
-
-
14,908
2,637
1,874
-
3,000
7,561
-
841
-
66,310|Incoming
£
1,000
-
5,000
-
5,000
2,100
250
6,300
-
-
-
10,000
44,750
-
-
-
68,624
3,000
-
3,240
-
6,000
155,264|Outgoing
£
1,000
649
781
500
-
2,100
250
6,370
1,352
18,205
14,645
940
44,750
14,908
2,637
1,874
68,564
4,223
7,561
3,240
841
6,000
201,390|Transfers
£
-
-
(3,472)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(3,472)|Balance c/f
£
-
-
815
-
5,000
-
-
-
-
-
-
9,060
-
-
-
-
60
1,777
-
-
-
-
16,712|
|---|---|---|---|---|---|
## **Purpose of restriction**
**Fund name Purpose of restriction** Asda Foundation Purchasing stair gates for families. Assura Community Fund Purchasing items for our Outreach project. Brelms Trust
Funding of the charity’s van which is used for delivering to families and collecting donations. The transfer relates to the funding of the vehicle which is for the general use of the charity.
Comic Relief Cost of Living Appeal
To support the organisation and its beneficiaries during the winter months.
To support the Outreach project. To fund essential items for families in Leeds. To fund formula milk.
PoW Coronation Food Project DWF foundation Feed Groundwork Comic Relief
Support for purchasing stock for the unit and IT support, and cost of living support. Items for the baby bank.
Hill Dickinson LCC Jimbo's Fund Julia and Hans Rausing Trust The Keith Howard Foundation LCCT Househ'd Support Fund (HSF) Leeds City Council Mazars The National Lottery
Funding two roles within the Leeds Baby Bank team. Funding Outreach essential items for 6 months. To fund essential items for families in Leeds. To fund essential items for families in Leeds.
Funds will be used to support households with essential living costs. Purchasing a stock of children’s beds to last six months. Funding charity worker role for 6 months, management time to recruit volunteers and a stock of bedding bundles.
NCLF - Cost of living fund Sir George Martin Trust
To fund essential items for families and core costs. Supporting families experiencing poverty.
**continued overleaf**
9
## Leeds Baby Bank
## Notes to the accounts continued for the year ended 31 March 2024
## **4 Restricted funds purposes continued**
St James's Place Purchasing a stock of beds, prams and buggies. LCF Stay Well This Winter To fund winter clothes and bedding. United Way UK Toiletry bundles for children and adults. Wades Charity To fund buggies to enable families to access the outdoors.
|**5 **
**6 **
**7 **
**8 **|**Tangible assets**
**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for year
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023
**Debtors and prepayments**
Debtors
Prepayments
**Cash at bank and in hand**
Cash at bank
Cash in hand
**Creditors and accruals**
Hire purchase creditor
Accruals
Taxation and social security
Other creditors|£
12,500
-
12,500
9,375
3,125
12,500
-
3,125
2024
£
6,250
1,830
8,080
2024
£
183,904
3
183,907
2024
£
-
1,386
369
205
1,960
Motor
vehicles|Total
£
12,500
-
12,500
9,375
3,125
12,500
-
3,125
2023
£
-
2,009
2,009
2023
£
116,207
49
116,256
2023
£
3,472
1,020
-
-
4,492|
|---|---|---|---|
10
## Leeds Baby Bank
## Notes to the accounts continued
## for the year ended 31 March 2024
## **9 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
## **Remuneration and benefits received by key management personnel**
The total employee benefits received by key management personnel were £34,191 (previous year: £0).
## **10 Restatement of prior year figures due to change in accounting basis**
As a result of the change in the basis of accounting from receipts and payments to accruals, there have been a number of adjustments made to the comparative figures, analysed below.
## **Effect of change on Statement of Financial Activities**
|2023
Unrestricted
funds
**Total expenditure**
£
Original figure in statutory accounts, year ended 31 March 2023
66,824
Deduct creditors (March 2022 year end)
(480)
Add accruals (March 2023 year end)
1,020
Add Prepayments (March 2022 year end)
2,687
Deduct prepayments (March 2023 year end)
(2,009)
Deduct hire purchase expenditure
-
Add Hire Purchase interest
-
Add depreciation
3,125
Restated total
71,167
**Effect of change on fund balances as reported at 31 March 2022**
2022
Unrestricted
funds
£
Original fund balances brought forward
43,573
Movement in accruals
(480)
Movement in prepayments
2,687
Add back hire purchase expenditure
5,754
Deduct Hire Purchase interest
(893)
Deduct depreciation
(6,250)
Restated fund balances brought forward as at 31 March 2022
44,391|2023
Restricted
funds
£
104,824
-
-
-
-
(4,932)
765
-
100,657
2022
Restricted
funds
£
29,423
-
-
-
-
-
29,423|2023
Total
funds
£
171,648
(480)
1,020
2,687
(2,009)
(4,932)
765
3,125
171,824
2022
Total
funds
£
72,996
(480)
2,687
5,754
(893)
(6,250)
73,814|
|---|---|---|
11
## Leeds Baby Bank
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2024
|2024
2023
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
178,384
72,945
Bank interest
480
57
Other income
-
195
**Total income**
178,864
73,197
**Expenditure**
Wages, NI and pensions
29,048
39,498
Payroll charges
480
627
Recruitment
-
444
Consultancy and professional fees
-
1,522
Travel and transport
113
7
Van running costs
1,160
998
Utilities
2,154
4,419
Volunteer expenses
19
69
Resources for referrals
12,793
3,981
Resources for unit
2,259
5,941
Printing, postage and stationery
99
189
Phone
1,434
1,189
Computers, IT and software
391
339
Training
947
968
Database
-
2,874
Fundraising costs
274
184
Insurance
2,709
2,774
Gifts
300
390
Independent examination
1,386
1,020
Other expenses
918
176
Health and Safety
-
433
Rates
-
-
Depreciation
3,125
3,125
Interest paid on HP
-
-
**Total expenditure**
59,609
71,167
**Net income / (expenditure)**
119,255
2,030
**Transfers between funds**
3,472
4,167
**Net movement in funds**
122,727
6,197
**Fund balances brought forward**
50,588
44,391
**Fund balances carried forward**
173,315
50,588|2024
Restricted
funds
£
155,264
-
-
155,264
42,227
240
-
-
-
706
3,415
-
148,244
1,641
117
-
-
-
2,664
-
79
-
-
71
-
1,348
-
638
201,390
(46,126)
(3,472)
(49,598)
66,310
16,712|2023
Restricted
funds
£
141,711
-
-
141,711
41,935
120
-
1,130
-
-
-
-
56,117
15
33
196
14
332
-
-
-
-
-
-
-
-
-
765
100,657
41,054
(4,167)
36,887
29,423
66,310|2024
Total
funds
£
333,648
480
-
334,128
71,275
720
-
-
113
1,866
5,569
19
161,037
3,900
216
1,434
391
947
2,664
274
2,788
300
1,386
989
-
1,348
3,125
638
260,999
73,129
-
73,129
116,898
190,027|2023
Total
funds
£
214,656
57
195
214,908
81,433
747
444
2,652
7
998
4,419
69
60,098
5,956
222
1,385
353
1,300
2,874
184
2,774
390
1,020
176
433
-
3,125
765
171,824
43,084
-
43,084
73,814
116,898|
|---|---|---|---|---|
12