**----- Start of picture text -----**<br>
Trustees’Annual Report for the year ended 31 December 2021<br>**----- End of picture text -----**<br>


## **Financial Review** 

## Income and Expenditure during the year 

In the 2021 reporting period The Baby Bank received £69,788 in grants, donations and sales activities, an increase of over 34% on the previous year (2020: £52,040). 

This increase was driven by a rise in grants and funding received as well as an increase in donations received by individuals and families within our community. 

Total expenditure during the year increased by over 74%, to £36,760 in the year (2020: 21,121) reflecting an increase of 50% in purchases for families in need as well as our first year with paid employees (from October 2021).  Baby Bank expenditure is predominantly used to respond to requests by support workers to provide for our families in need of basic essentials. 

Donations-in-kind are not reflected in the income or expenditure within our financial statements but represent a significant additional donation stream and route for fulfilling our referral needs. 

## Summary of movement of restricted and unrestricted funds 

At 31 December 2021 The Baby Bank reported an increase in unrestricted funds of £15,648 and an increase in restricted funds of £17,379, representing a total increase in funds at year end of £33,027. 

This increase is due to the timing of grants received and the establishment of a reserves policy to cover staff salaries and future rent requirements. 

## Reserves Policy 

The Baby Bank has assessed the risks and opportunities for the year ahead and based on these the trustees have agreed our reserves policy. 

The Baby Bank is not reliant upon one single event, donation or grant nor committed to any single significant expense. 

The Baby Bank is currently located in rent-free premises which we believe would be an expense of around £35,000 should we be required to relocate. We therefore hold reserves of £12,000 representing a substantial proportion of an annual rental charge. 



## Staffing 

With the help of a National Lottery grant, we are delighted to announce that two of the trustees of The Baby Bank have resigned and have become our first paid employees, sharing the newly created role of General Manager, responsible for determining and implementing strategy as well as the day-to-day running of our busy charity. 

## Future Plans 

The Baby Bank has developed a strong reputation and record for delivery in the local neighbourhood and we have an ambition to meet the increasing needs of our communities. 

We are currently located in the heart of our community in premises kindly donated for free. However, due to regeneration within the centre of Maidenhead we will be locating during 2022. 

## **Statement of responsibilities of the Trustees** 

The Trustees are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. 

In preparing these financial statements, the Trustees are required to: 

- Select suitable accounting policies and then apply them consistently; 

- Observe the methods and principles in the Charities SORP; 

- Make judgements and estimates that are reasonable and prudent; 

- State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them 



to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

The Trustees’ annual report has been approved by the Trustees on 13 June 2022. 

and signed on their behalf by 

J CAFFREY 

----------------------------Joanne Caffrey- Trustee 



C14ARITY COMMISSIO
Receipts and payments accounts
CC16a
For the period
To
Section A Receipts and payments
Unrestricted
funds
Restricted
funds
Endowment
funds
Total funds
Last year
to the nearest
to the nearest £
to the nearest £
to the nearest £
to the nearest £
A1 Receipts
Donations
16,358
16,358
13,107
35.046
3,886
restncted funds
Chantable activities
2,487
2,487
Sub total (Gross income forAR)
A2 Asset and investment sales,
(see table).
18,845
50.943
69.788
52,040
Sub totsl
18,845
50,943
69,788
52,040
A3 Payments
Charitsble ath'vits"es
1,679
813
28,938
30,617
813
20,962
Website
Other
460
460
24
Rent
Insurance
84
134
Staff costs
4,626
4,626
60
IT costs
60
Travel
101
101
Sub total
3.197
33,564
36,761
21,121
A4 Asset and investrnent
urchases
see table
Sub total
3,197
33,564
36,761
21,121
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end.
Cash funds this year end
Funds restated between UnrestrictedlRestricted
15,648
17,379
33,027
30,919
26,431
42,079
28,166
45,545
54,597
87,624
23,678
54,597

Section B Statement of assets and Ilabilitles at the end of the perlod
Unrestricted
funds
to nea￿st £
Restricted
funds
to nearest £
Endowment
funds
to nearest £
B1 Cash funds
Cash at Bank
42,664
45,$45
Money In transit at year end
585
Total cash funds
42,079
45,545
(agree balatKes reC￿p1S and payments
account(s))
Unrestricted
funds
to nearest £
Restricted
funds
to nearest £
Endowment
funds
to nearest £
B2 Other monetsry assets
Rent deposit
Fund to whlch
asset belongs
Current value
(optlonal)
Cost (optional)
Fund to whlch
asset belongs
Details
Cost (optional)
Current value
(optlonal)
B4 Assets retsined for the
charity's own use
Fund to which
liabllity relates
Amount due
(optlonal)
When due
(optlonal)
Details
B5 Liabilities
Signed by one or two trustees on
behalf of all the trustees
Print Name
Date of
roval
Signature
13/06/2L

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Report to the trusteesl
members of
The Baby Bank
On accounts for the year
ended
31 December
2021
Charity no
(if any)
Set out on pages
I report to the trustees on my examination of the accounts of the above charity
('the Trusf) for the year ended
Responsibilities and basis
of report
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011 ('the
Acf).
I report in respect of my examinats'on of the Trust's accounts carried out under
section 145 of the 2011 Act and 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.
Indepondent examiner's
statement
I have completed my examination. I confimi that no material matters have
come to my attention in connection with the examination which gives me cause
to believe that in, any material respect:
• the accounting records were not kept in accordan￿ with section 130 of
the Charities Ac( or
• the accounts did not accord with the accounting records. or
• the accounts did 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 concems 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.
Signed:
Date:
Name:
LL
Relevant professional
qualification(s) or body (if
any):
rcAEQ -AcA
Address:
Only complete if the examiner needs to highlight material matters of con￿rn
(see CC32, Independent examination of charity accounts: directions and