----- Start of picture text -----
Trustees’Annual Report for the year ended 31 December 2023
----- End of picture text -----
Financial Review
Income and Expenditure during the year
In the 2023 reporting period The Baby Bank received £136,750 in grants, donations, and sales activities, a decrease of 12% on the previous year (2022: £156,146 ).
This can be explained by a decrease in restricted grant funding and other charitable activities as well as a decrease in other donations received from individuals.
Total expenditure during the year was £105,121 in the year (2022: £110,902 ) This was the second full year with with paid employees and second year with rent costs.
Baby Bank expenditure is predominantly used to respond to requests by support workers to provide for our families in need of basic essentials, where preloved items cannot be sourced. For example new mattresses or double buggies.
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 2023 The Baby Bank reported an increase in unrestricted funds of £52, 090 and a decrease in restricted funds of £20,461 , representing a total increase in funds at year end of £31,629 . This reflects an increased focus on fundraising activities and support from our community.
Reserves
The Baby Bank is not reliant upon one single event, donation, or grant nor committed to any single significant expense.
2023 was the second of a three-year rent lease agreement so the charity held reserves of £40,000 representing 12 months’ of rent and associated costs.
The Baby Bank have two part-time employees and hold reserves of £46,000 representing 12 months’ salary and associated costs.
Review of 2023
Demand for the service continued to increase during 2023 and was the busiest year to date.
The Baby Bank supported 5822 individuals. We provided 1631 cots, moses baskets, cribs and beds to give babies and children safe places to sleep. 2246 packs of nappies and wipes were given out. 536 uniform bundles helped children access their education and our 2023 Christmas appeal provided 3043 Christmas gift bags.
Having settled into premises in Holyport, we were able to host more corporate volunteer groups and welcome regular volunteers. The estimated value of corporate volunteer hours to the charity in 2023 was over £19,000 with 2066 corporate volunteer hours in total.
CORPORATE VOLUNTEERS AT THE BABY BANK
A highlight of 2023 was twice welcoming HRH the Princess of Wales to The Baby Bank. This enabled us to share the work of the charity with a wider audience and highlighted the work of Baby Banks around the country.
HRH THE PRINCESS OF WALES MEETING VOLUNTEERS
Future Plans
During 2024 we plan to further strengthen the governance of the charity by expanding the trustee board.
TRUSTEES AND VOLUNTEERS WITH THE CO CEOS
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 24.10.24
and signed on their behalf by
Amy Tisi
Amy Tisi- Chair of Trustees
1179580
Baby Bank Windsor
Receipts and payments accounts
CC16a
For the period 1st January 2023 31st December 2023 To from
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 62,794 6,867 69,661 69,661 577 1,875 10,000 1,558 1,771 60 38 1,692 17,571 17,571 52,090 - 71,483 123,573 |
Restricted funds to the nearest £ 67,089 67,089 67,089 28,854 25,000 31,196 2,500 87,550 87,550 - 20,461 - 61,383 40,922 |
Endowment funds to the nearest £ - - - - - - - - |
Total funds to the nearest £ 62,794 67,089 6,867 - - - - - 136,750 136,750 28,854 577 1,875 35,000 1,558 32,967 60 38 4,192 105,121 105,121 31,629 |
Total funds to the nearest £ 62,794 67,089 6,867 - - - - - 136,750 136,750 28,854 577 1,875 35,000 1,558 32,967 60 38 4,192 105,121 105,121 31,629 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations | 62,794 | 53,502 | ||||
| restricted funds | 94,743 | |||||
| Charitable activities | 6,867 | 7,900 | ||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| Sub total(Gross income for AR) |
69,661 |
156,146 | ||||
| Total receipts A3 Payments |
||||||
| 156,146 | ||||||
| Charitable activities | 48,905 | |||||
| Website | 577 | 574 | ||||
| Other | 1,875 | 2,592 | ||||
| Rent | 10,000 | 36,557 | ||||
| Insurance | 1,558 | 237 | ||||
| Staff costs | 1,771 | 21,507 | ||||
| IT costs | 60 | 60 | ||||
| Travel | 38 | 471 | ||||
| Heat, light, power | 1,692 | |||||
| **Sub total ** | 17,571 | 110,903 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end* |
||||||
| 110,903 | ||||||
| 52,090 | - 20,461 | 31,629 | 45,243 | |||
| - | - | - | - | |||
| 71,483 | 61,383 | 132,866 | 87,624 | |||
| 123,573 | 40,922 | 164,495 |
132,867 |
- Funds restated between Unrestricted/Restricted
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds |
Cash at Bank rounding Details Total cash funds (agree balances with receipts and payments account(s)) |
Unrestricted funds to nearest £ 123,573 - 123,573 OK Unrestricted funds |
Restricted funds to nearest £ 40,922 - - 40,922 OK Restricted funds |
Endowment funds to nearest £ |
|---|---|---|---|---|
| - | ||||
| - | ||||
| - | ||||
| OK | ||||
| Endowment funds |
| Signed by one or two trustees on behalf of all the trustees B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities |
Details Details Details Details Signature J Caffrey |
to nearest £ - - - - - - Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
|---|---|---|
| J Caffrey | ||
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of The Baby Bank
On accounts for the year 31 December 2023 Charity no 1179580 ended (if any)
Set out on pages
- I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/12/2023.
-
As the charity trustees of the Trust, you are responsible for the preparation
-
Responsibilities and of the accounts in accordance with the requirements of the Charities Act basis of report 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed: Date: Name: Relevant professional qualification(s) or body (if any): Address:
1
IER
October
2018
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
IER
October
2018