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Trustees’Annual Report for the year ended 31 December 2023
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## **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**
Print| |---|---|---| |||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**