THE HYOIENI ANK TH£ HYGIENE BANK ANNUAL REPORT AND FIP4ANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2024 CILARITY P4UMBER: 1181267 SC049895 Website ienebank om News htt theh ien b nk.com Instagram htt www.in ram. More Info htt r.ee theh iÈneban The Hy¥•ne Bank Contènts For th• y•4r Ind￿ 31 M*rth 2024 Ch•rlty number. 1181167 SC049895 Charity Information................... Chairf5 5tatement.......,..........................-.,............,.......... Trustees, Annual Report ..................................-....-................................................................................. Independent Auditorfs Report...................,...,......... -13 Statement of Financial Attivities . .16 Balance Sheet........................ ........... ..............-..........................-................................................... ..... 17 Statement of C4sh FIows..........................-.......................-......................... .............-........................... 18 Notesto the Accounts ........................................................................................-................................. 19 Th• HyO*ne eank Charlty Inlorn)•tion Fortr* year ended 31 M•rth 2024 Ch#lty numb•r. 1181267 SC049895 Name.. The Hyglehe Bank Charlty number.. 1181267 SC049895 Trustee5'. Guy Davies James Dray Ichairl Eliiabeth Hall Elaine Jack50n Rahul M¢)od8al Caroline Parr Paul Pashlev Mark Phillips Thomas Poynter Morag Punton Lorralne Waters Appolnted 25 July 2023 Re518ned 21 December 2023 Re8istered address- clo DAC Bea¢hcroft iLP The Walbrook 8uildin8 25 Walbrook London EC4N 8AF Bankefs: Natlonal Westrnlnster Bank Pic IndependentAuilltor- Haysmaclntyre LLP 10 Queen Street Place London EC4R IAG Th• ￿ty￿•n• ￿ft￿ Ch•les St•tem•nt Fofth• yur •nd•d JI Ma￿h 2024 Ch•rlty nurnb•r. 1181267 50J49895 The Board of Trustees is proud t• pr•&art th55 ADhual Aer￿. ￿ detalls Ay8lone Bank's proyess over the last fsnancial year. a year In which we have seen the effects of the cost of livin8 cr15is embed In communI￿e$ acros5 the country. and the need for our work becorne increa￿￿gIV 5taT*. It is 4 privlleBe to be moving into my second year of Chairing thls innovative. entr8etl¢ ¢h•rity. ￿erthe last few month5, it has been humblin8 to meet some extraordinary people whose resolve and commitment 15 OTh 4 th the best in the sertor. Fortmost arnong5t these are our volunteers, whose efforts week in. week out in COrTr￿unItltS Jcro35 the country pVrPt)sefvl￿ and rt•adily allwi*fjM8 thè misery off hy81@￿ poverty todav and 8iving people the chance of a briohter futvre. We all deser¥eto Éo about our day5 Wlth the di8nity and wellbeing thèt come5 Wlth feelln8 clean. That, In itself. 15 a cruclal part of our self-e5tÈem. But hawin8 a toothbrush ltsr every rnembtr of your famlly doesn't sImp￿t mean dean teeth In the mornlft8. Aflordin8 lauAdry detergent doEsn't onty me¥fi clean work cbthes and scho unlforrn5. Andownin8 a raiorls more than a dean sha¥e today. Clean teeth can bethe drfference Eetween8oln8 out to see yovr famlty. or sell_i5Dlotin8 at horne. Laundry d4t•r$Ènt can be tho dlff#rpncè between qolne to sthool or golng to work, or not. And a rait>r mean5 th•t you m*hi lust have the confiden¢e to 80 to the ￿b Inter¥lew that is the route out of your diffi¢ulties. Our research tells us that 4.lrn peaple are daily makln8 lrnposslble choices between feedln8 t￿tr famllies. pay4n8 their bllls and staying clean. Hu8e proportion5 of thai 4.lm arE livin8 wfth aTrx￿ty and depression, ale £hoosln8 between products lor themselves and their thlldren and are too embarro55ed to tsk for hèlp. lfi conjunctior* with the ¥oluAteer5. Ctntrnl team and Board. OUT (to h¥$ sei tyjt a rouie map toward5 helpln to end thls problem. The Board I lead 15 proud to help steward and 5UPPOrt this rn15￿0n. We are bulldln8 • ¢harlty whlch has moved out of Its startup phase and Is establIshl￿ itself •$ a mature or8anlsatlon. This report details many of the operational achlevements which torm kty mile5tone5 on that jwmty. The publScatlon of our new research Ip61 15 another step to falslng public understandin8 and recruitinB the supportersthat we need to loln u5. Our CEO maps out the route for the next pho5e on pll. Our ￿rtners. 8ools, Unile¥er, E¢o¥erand manyothercorFoTatesupw)rtets I￿ playlnga critical role. Commltted fundors. not least the Julia & Hans Rausing Tnjst •nd Eranda Rothschlld. have stepped up to put their we48ht behind thls task. A roster of generous ifvdlviduals continue to give. domonstratin8 thelr commltment to our rni55itsn. This coalit￿n represents the of community whlch lson• of the charltvscore values. l Im deep gratelul to them all. I have Tho doubt thal task face is immense. The wtemlc solutlons required to end hy81eTh¢ poverty for 8¢>)d are not yet clear. The ¢ase is not yet won. But wlth the resdve. work and thw8ht whkh this report pre5ent5, 1 bell at it15 p0s￿ble. r Jame5 Dray Chalr 17 september 2024 Th• Hyiiene Bank Trustees, Annual Rèport Forlhtyear end￿ 31 M•rch 2024 Chwity numb•r: 1181267 SC049895 Ch•rftable Ob'erts The Objects of the charity I￿.. The relief of people living in the United Kingdom and suth part5 of the world a5 the Trustees shall frorn time to tlme determine who are in conditions of financial need. hardship or distTe5s, In particular but not exclus¢vely bv: l. Providine or asystSng olher tharlties and or8ani5ations in the provislon of toiletrles and other e5sentlal hy8iene products; 2. Making 8rants or donation$of toiletry gifts, make-up and groomin8 products that wlll lrnprove the tondltlons of life gf such people.. 3. A5515ting in the establlshment of projects throu8houl th* world that will prevent or relieve ffinanclal need, hardshlp or distress bythe provlslon of tolletrles and other esstntlal hy8lene Pftxluds: and 4. Improvin8 the Ilves and prts5perts of such people by challenyng Inlustke throu8h research. polky, colkibofation and advocacy. TH8 W￿rkI Our corè artivity-th•distrlbutlon of hygiene produtts to peopl@ who arÈ Ilvln8 in hygiene poverty-is Strurtured as follows.. Indivi¢uJ15 and groups of volunteers work wlth the central tcam to Set up a hy8iene bènk prolert In their local area with the support of a Partnership Manager lan employee ofThBI. they seek lotal community partneT5 charities, communrty group5. local authority 5ervice5 and schools - who 5erye people In poverty in the local area Using publ*c don3tion5 obtained throiJ8h rAur n•twork of drop off points. and product donations from our brand partners, volunteers distribute basic e5sentlHls to the community Partners, who get thern to the people who need thtrn Our ne￿Ork ofprojerts 15 5UPPOrted by a small central team who providethe infrastmrture THB needsto ensure thè high qualr(v operatlon of projects. From corporate support. ftsndralsin& communications, campaignin8. compliance and financial 5UPPOrt to volvnteer en6a8ement, Pfoduct sourcing and distribution. the team work5 efficlently and effectively to enable our e5sentlèl work In ¢omrnunlties acr95S the UK. Pro ects and Volubrte•rs The Hygiene Bank completed anothei year of strong pertorman£e In our core activity. Below are some key metric5 on our achlevernents over the past 12 months, to 31 March 2024 (comparison 20221231 clive volunteers 537 626 rojects operating acros5 the UK mrnunity partne15 receSvln8 product of product dlstributed throu8h communlty partner5 rop off point5 ITh operation TOP off polnts In Boots stores hools supported 173 201 1.3Y >360,ofMJk8 1,147 794 1,035 >350.￿0kg 1.267 B29 220 453 ThB's Operatlons team focused on several key improyements to our systems ind protesses. all deslgned to ncrease the charr(Vs effectfvenes5 and tfficlency. The team undertook an audlt of projects against a set of key Th• Hyliene Bank Trustees, Annual Report For tht ¥••r ended 31 M•r¢h 2024 Ch•rity numb•r. 1181267 SC049895 performance metrlcs. desi8ned to understand and imprgve Impaa In the ttJmmunitle5 we serve. WE a150 re¥lewed the local charities and or6anisation5 we supply - community partner5 Icpsl - completiTr8 a thorough dué dlli8ence process whlch asked them to resubmit thelr details and thecked them agèinst an enhanced sel of eligibility criteria. Thest actlons. which led fo the setting of new keyperfom)ance lTrdicatOfS and the formulatlon ot an operational dashboard gave us a more accurate set of datz and a more detailed picture of our work acr055 the country. The decrease In some metrlcs above 15 largely attTibutable to this drive for greatei accuracy and efflclencv. Acomprehensive Processto overhaul how we accept and di5trlbute brand donatloftsto projects was undertaken by th* team. In collaboration with some of our volunteer Project Coordinator$, we devlsed and ttsted a new Proce￿ lo ensure falrer distrlbutlon with more rigorou5 risk mana8ement. The work of Partnefship M?na8ers IPMS). team members responsible for a cohort of prolerts, was restructured to oivq them oversl8hl of a grovp of prtslects at a similar stage of development. This has enabled Pms focused on relevant, 5trurtured 5UPPQrt to enable projects to move to the next sts8e of development. For in5tsnce. new proiects are 8fvEn a slimmed down Induction containing the most relevant informatlon to enablÈ them to get up ¥nd nJnnin& more established projects rniBht reeelve greatersupport In their fundraising and l¢xal mafketing artivities. Pms are rneetlng virtually with projects on a regular basts and are out and about V15itlng projects on the ground. Thi5 relatlonship-led approach 15 desi8ned to gi¥e volunteers higher quolity support. We piloted some new initiatives 38alllSt the same objective, includin8 trialing a new digital ID card, giving volunteers a new wa¥ of a¢￿ssIn8 koy notrfications and the web5r(e. as well as belng able to identify themselves easlly to CPS and drop off points and 5implify4ng the volunteer sign up process, ensuring that we only obtaln and hold data that 15 absolutely necÈs5ary. In Ilne wlth OUT commitment to glve more focused atterstloft to the volunteerlno experlente. we recrvlted Senior Mana4er for Volunteenng Experien￿, Fundralslng and Communications, whose port is de518ned to give reater structurè and thought to how we can support. empower and communicate wf(h our Volunteers. gmng thern mofe and better support to help them to fulfil the+r crucial roles. Tothat end, we conducted our first ever volunteefs, survey, askin8them to rotethelr eXpefienceW￿h thechority across a range of metriu. The feedback we receNed Is playln8 a pivotal role In shaping Oyf volunteer strategv for next year and beyond. Althou8h there is much to do. overall, our volunteers report a high level of satisfaction with their experlente at the chariry ana a strong sense of values-allgned fumirnent wlth the work they are doin8. Comrnents from our volunteers include: "Ourlocul team ¢7re incredible. Somt huve becomefrtend5. Working In t7 teom of Ilkemlndedpeople Is lovety." hen g CL>mmunty Portner tells you the Impact recewinq toiletries I￿$ hod on on Indlvldual/lomlty you know it is extremely worthwhlle and therefore enjoy belnq oble tg brlnqioy to someone's Ilft" "Everytlme I dlstrlbute produtts to cornmynityportners Ileel soooo upliftedll" Partnerthl Work wlth existlng key partners and ihe cultivation of new corpoiate relationships produced strong results acfOSS the year, resuking in an Increase in Income and e¥citin8 nèw communicatlons and campalgn initlatlves, Accordin8 to the financial and product cornrnltment, cgmpanles can partner wlth us throu8h a tiered scheme, Gold. Slher and Bronze. Highlights included.. Our fundomental partnershlp w*th 8oots has continued to 80 from strength to 5treThgth. We featured as thelr Christmas Charrfly Partners. which resulted in the donation of an oddrtional ICXJ.OCX) hy8iene e95entla15 as part of a match donation Initiative across October. November and December. They conllnued to provide drop off box locations in stores aCTOSS the country. brlngin8 In vltal public donations angl raisln8 awarene55. Through the partnership, Soap & Glory also donated a substantial sum Irom the sale of gift box sets and we worked together on cornmunication5 initiatives for International Women5 Day and a Buck to khool Campaign. Boots were also the sponsors of our updated re5eafth repurt Ifygiene Poverty in 2024. The financlal and 5trate8lc commfjtment of Boots remains a key plllar in our 5trate8V. Th• H￿ien* Bank TruS￿S, Annu•l Report For tht ¥￿1 ended 31 Marth 2024 fhaylty numb•r. 1181267 5C049895 We were dell8hted to build gn our ltsngstandin8 collabor•tion with Unitever. movin8 into the first year of our fjold tiered partnership with significant finan¢ial ir)d product support. We are Working on exciting new Initiatives with them for financial year 2024125. Our Gold partnership with method moves Into Sts thSrd year. We were also dellghted to continue work with Cuf15mith. Wilton London and smol on on80ing tsered partner5hlps. We partnered worked with smol on theirsuds in Schools campaign whKh has recelved two awards. and were $18natorie5 to Who Gives a Clap's Scrop the R911 Tox campaign. RESEARCH REPORT FIYGIENE POVERTYINZ024 In October 2022. The Hygiene Bank ITH81 pub115hed ground-breakin8 research to benchmark the hHlden crlsls ol hygiene poverty in the UK. The report explored the incidence of hygiene poverty and hl8hli8hted the volces ol those experiencin8 It. In May 2024. THB expanded on those findings to deepen our undtr5tsndin8 of how hyglene povetty affects indsvidyals and farnille5 across the country. in 2024 iene Pove Actordlng to TH8's latest research, hygiene poverty affert5 4.2m In the UK in 2024, with over 1.1 milllon more ImpactÈd compared to 2022, primarily due to the c05t-of-Ilvln8 and Inflatlon crises. The Incldence of hygiene poverty acrossthe entlre UK population has risen by 2% slnce 2022, with notable shift5 sn demoKraphlc profiles. Whlle individuals frorn lower-income households IC2DEI rernaln Most affected. there ha$ betn an increase In hy8Sene poverty hlgher soclal grades IABCII, hi8hlighiing its widenin8 impact. su Despite the prevalen￿ of hw'ene poverty In Blltlsh soclety, a st8nificant amount of the Indlvtduals affecteil hygiene poverty148%1. feel too embarrassed to seek help, whethtf 11 Is to thdr frlend5 or famlly or lo￿] charities. food banks. or hygiene banks. 45% olth05e livine In hyiiene po¥eth said theyfeel ludged foroolng w+thout baslc hygtene produrt5. Those who have a dlsabillty or 8 long-term condltion. are more likely to report not actrssing 5UPPOrt dtJe to feellng judged 183%) than those wlthout171%1. -Ifeel thgt I'm letting everyone down and I'm relurtunt to oskfor help. 50 lfirtd o w(ry to monage." Famlly emerges as the primary source of sUPPOrt134%1.. however. many Indlvlduals140%1 choose not to stek support. perpEtuating the cycle of embarrassment, poor mental health and Isolatlon. Theim olth• n Included on the charlty's webslte. Legislation In the Vnlted Kin8dom 8overning the preparatfon •nd di55eFnin4titsn of flnancial statements may differ from legislatlon In other jur[￿1￿19n$. In Jo f•r •s w¢ •r¢ aware= ThorÈ is relevant audit intormatitsn of whsch the chafltV5 auditor Is unawart.. and The Tru5tee5 havt t•ken all steps that they ought to have tskeTh to m•ke them5el¥es •w•re of anv rtlewdTrt audtl Information and w estsbllsh that the audltor 15 aware of that Informatlon. Hlysmadntyre LLP1s deemed to be reappplThted under sertlon 487121 ofthe Companies Aci 2[￿. Apprtsve e Board of Trustees on 17 September 2024 and slgned on Its beha￿ bv.. Dr Jam•s Dr•y Ch•lr The Hy8lene Bank Ind1￿rIdIntAudl1Orf$ Report For the year *nd•d JI M•rth 2024 Ch•rity nymb•r. II•IZfi7 SC049895 Oplnion We have audited the f¢nanclal statementsof The Hygiene Bank 1.the charitrl foi theyeartnded 31 March 2024 which comprise the Statement of Flnancial Actwitles, the Balance sheet. Ihe Statement of Cash Flows and note5 to the flnanclal statements, includin8 a summary of signlficznt account1￿ pollcles. The flnanclal reportln8 framework that has been applied in their Pfeparatlon is appllcable law and United Kin8dom Accounting Standards. inrludlng Financial Reportingstandard 102 The Finonrial Rgportlnqstondartl t7ppltcoble in the UKand Rewblic of Irelond Iunlted Kln8dom Generally Accepted Accounting Prarticel. In our opinlon. the financl•l ststements.. live a true and falr vlew of the state of the charity'5 affalrs a5 at 31 MaTch 2024 •nd of the charlt(s net movement in funds foi the year then ended., have been properly prepared in accordance with Unlted Kingdom fjenerdlty Accepted AtttyJntln6 Practlce., and have been preparèd In aCCOfdance wlth the requlfements of the Charltlts Art 2011 and the Charitlts and Trustee Investment 15cotl8ndl Act 2O)5 and fe8ulatlon 8 of the Char￿leS Account5 Istotlandl ReBulatlons 2(M)6. 8asts for opinlon We have been appointed as aUd￿0T under Section 144 of the Charltie5 Art 2011. and sectlon 44llllcl of the Charltle5 Trustce Inve5trnent Ikotl•ndl Act 2005 and report in accordance wrf(h the Aets and relevant Te8ulations rnadt or havln8 effttt thefeynder. We conducted our audit In accordance wlth Internatlonal Standards on Audltin8 Iuxi IISAS IUKII and applicable law. Our responslbilitles under those standards are further de5crlbed In the Auditorfs respon5ibllities for the audit of the financial statement5 sertion of our report. Wt afe Independent of the £haritV in ac¢ordanee with the ethltal requiremènts that are relevant to our audlt of the ftnancial 5ta¢ements In the UK. E￿ludIng the FRC'S Ethical 5tandaid, and we have fulfilled our othef ethlcal responsibilities In attordance with these requlrements. We belleve that the •udlt evldeKe we hive obtslned15 Suffic￿nI and approprlate to provlde a b05is lor our opinion. Contbjkn rel•tlni w iolniconc*m In audltlng the flnantial ststemenls, we have concluded that the Trustees. use of the 8oln8 concern basls of accounting In the Pfeparatlon of the financial Statements Is appropriate. Sased on the work we have performed, we have not identifled any material uncertalntie$ relating to events Of cond¢tions that. Indlvldually or collectrvely, may cast Significant doubt on the charitys abllity to contlnue as goln6 ct7ncern for a period of at l•ast twelve rnonths from when the financial ststemènts are authorised for Issue. Our responslbllltle5 ènd the responslbilltles of the Trustees with re5F￿rt to goin8 conc*m are descdbed In the relevant sectlons of thi5 report. OtheT knforn)•t5on The Trustees are responslble lor th• other IDfoTmathM. The other information tomprlse5 the Informatlon Included In the Chairfs Statement arld fru5tees' Report. Our opSnion on the finanoal statements does not cover the other information ond, except to the extent otherwlse expllcitiy stsled in our report. we do not express any form of a55uranc* conclvsion thereon. Pale lu Th* Hy8i•ne Bank Independent Auditorfs Report Iwntknu•d} For tht Y￿r end•d JI M•rch 2024 Chwity numb•r. 1181267 SC049895 In connertion wlth our audm of the finantial statements. our resporislbS11ty 15 to read the other Infoimation •nd. in doing so, consider whether the other information is Material￿ inconsistent wtth the financial 5tatement5 or our kntswledge gbtained in the audrt orothefWi5e appeafsto be mateilally misstated. If we identlfy such material Inconsistencies or apparent materlal mi$5tatements, we are required to dettmine whether there 15 a materfal rn155tatement in the financial statements or a material misstatement of the other Inforrnotion. If, based on the work we have performed. we conclude that there is a material rnlsstatement of this other information. we are required to report that fact We have nothing to report in thi5 regard. M•ttars whlch w• •*• r•4ulr•d to raport hy ￿ll£•ptI We have nothing to report In respect of the following matters in relatlon to whith the Char￿leS (Accounts and Re￿rts) Regulatkjns I￿8 and the Chaf*ties Accounts Iscotlandl Regulat￿n5 2006 require us to report to ycxj if, in our oplnion.. adequate aceountln8 Te£ords have not been kept by the charity; or suffscient and proper accounting records have not been kept.. or the charlty financial staternents are not in a8reernent with the attounting records.. iy we have not rece4ved all the information and explondtions we require for our audit. R¢S￿￿1￿11t￿lI olTrustths for the fi￿nd41 st•tements As explained more lully in the Trustees, responslbllltles statement15et out on pa8e 141. the TTUStee5 are responsible For the preparation of the financial statements and for beln8 satlsfled that they 8lve a true and fair vlew. and for such Internal control a5 the Trustees determine is necessary to enable the preparalion of financi•l statements that are free from materlal mi5Statement, whether due to fraud or error. In pr(.*parin8 tht financial rtatements. the Iru5teesare Yesponslble forassesslnll the chadty's abllltytocontlnue a5 a golng cuncern, di5cIoSlFI& as appllcable, matters related tQ 80Srtg concern and using the golnB concern ba515 of aetountin8 unless the Trusteeseither intendto liquidate thecharrty ortoceaseoperations, orh￿e no realistic alternative but to do so. Audhorfs le4￿nSIbIl￿% for th• •udlt of the flnand•l *•tom¢nts Our objectives a￿ to obtain reasonable assuronce about whether the financial statements a5 a wholé are Iree from material mlsstatement, whether due to fraud or error, and lo 155ue an auditorfs report that includes Ouf opSnion. Reasonable assurance Is a high level of assurance, but Is not a 8uarantee thot an audlt conducted in accordance with ISAS ILJKI wlll always detect a material misstaternent when it ex15ts. Mi5StatemeDts can èrise from fraud or error and are considered rnaterial If. indlvld(tally or in the a8gregate. they could reasonabty be expected to infl￿enCe the economk declsion5 of users taken on the basls of these flnanclal statements. Irre8ularities. Ind￿dIng1raUd. are Inrtancesof nonJ 93.fai 18.546 141,7131 123.1871 Tot41 lur 275,118 247.446 122.863 210.127 2t8.845 428.972 The ffnancial statements behall bv.. approved by the Bts¥TtI of Trustee$ on 17 Stptember 2024 and sl8ned on Its Or James Drav Choir of Tru5tee5 The Hy¢iene Bank ststement of G•sh Aows For the year ended 31 M•rch 2024 Ch¥ity number. 1181267 SCfh19895 NDtes 2013 shlltywsfrom opmtlnA•dl¥ttl Mèl Inco￿/{de￿.￿1j lor the rewrtinA perl l)Èpweciai Loss on disposal of fixed asseis IlrKreasel1d￿tease In debiof5 Inrreèse In creditors 93591 674 117 112,0811 39,993 123.1671 48,486 Cash provided operatinRa¢thtlUes 62.031 h Ilo¥n Irom In¥•Jllfyq*cthrftl Purchase of fixed a55EIS 12.8741 11,4481 118741 11.4481 U9.419 60,563 Coth and cash eqU￿alents as ai the start of thè vear 473.017 412.434 Cash and cath equr¥alenis 01 the eNS ol the year 592,4 473.Dl7 AMlys15 ol In net ash funds Al l Aprll 2023 Coshllows Al 31 Marth 2024 C45h at bank and In hafid 473.017 119A19 592,436 Tot•1 t•th •nd ¢wh 473,017 119A19 592,436 P •¢e I The Hypene Bank Notes to ihe Accounts Forthe year •r*ded 31 Marth 2014 ctwrlty number: 1181267 SC049895 G•ner•l InloTm•tlon The Hy8iene Bank I'the charity-l is a charitable sncorpoTated oryanigtion registered wblh the Charity Commission in En8land and Wales. charity number 15 1181267, and wtth the Scottish Charity Re8ulator, charity nurnber SC049895. The re8istered addres5 of the charrty Is clo DAC Beachcroft LLP. The Walbiook Buildln& 25 Walbrook, London, EC4N 8AF. Prln¢lyl ktOurrtl￿ Polid•s Ba51$ of pr•p•rntiDn Thefinancial statements hove been preparetl under the histofical c05t convention wtth fcems rttognSsed at cost or transactlon value unless otherwise stated in the relevant notes to these account5. The financial statements have been prepa¥ed In accordance wlth Accounlln8 and Reporting by Charitie5'. Statement ol Recommended Practice applicable to charitles preparlng thelr accounts in accordance with the Financial Reportlna Standard applicable In the UK and Republic of Ireland IFRS 1021 ICharitie5 SORP 20191 and the Chaflties Act 2011. The charlty Meets the deflnltlon of o publlc benefft entsty under FRS 102. The presentatbnal currency of the financial statemenls bs Sterllng. Goln4 conc•rn The Trustees are confideni that the charrty will remain a goln8 concern and that there are no known materlal uncertalntie5 about the charitls Jbllity to continue. A cash flow forecast ha5 been prepared for the 12-month perlod following thè date ol si8nlng of the accounts. This forecast includes all fvnding rec¢￿ed to date as well as committed fundin8. Assumption5 h6ve been made around income that rellect the planned fundrai51nB acti¥Atles of the charlty. Unrestricted cash balances remzin above the reserve policy of three months of operalional expenses. Fund •ccountl Unrestflcted funds are avallable for use at the discretion of the Trusteesto fvrther anyof the charlty'5 wrpos*s. UThrestrlcttd funds include funds, good5 donated for di51ribution and goods servlces donated for the charitvs own use. ReSt￿cted funds are donations and grant5 that are raised for. and theSf use restrlcted to a Specific purpos*, or donations subject to donor-imp05ed conditions. Thls will Include donatlons that meet the chorlws condltlons and are ear marked for a specific project or re850n. Int4m• All income is recognised once the charlty has entitlement to the incorne. It Is probable that the Income ￿11 be recelved and the amount of income iecelvable can be measured reliably. Income Is onty deferred when: the donor has specined that the grant or donalion can onty be used in future attountln8 per￿5 or the donor h45 imposed condltlons whlch must be rr¢@t beforÈthecharsty ha5 unconoltional entltlernent. E¥en¢ In￿rne Ond h•ndlln8 charges OTC treoted ¥ iricorne of the period to which they relat•. The Hyw•ne B•nk Notes to the Accounts l£ontlnued) Forthè y•af ended JI M*rth 2024 Chwity number. 1181267 SC049B95 Incomè Icontinu•dl No amtsunts are Included for the contflbullon of 8en2ral volunteefs. Although the value Is conslderable, ￿ 15 excluded due to the dlfficulty of valuing tt Teliably. Goods don•ted for onw*Yd dtslrllxrtlon Goodsdonated for oftwald distrlbutlon arè included as both income and expenditure, atthetlme of d15trlbutlon, at O feasonablc eÈtimate of th•ir ori8inal market vAlu@. By thelr very nature. the Jroduct donations we recefve are often huaety mixed and dsfficult to Identify and categorise wSthout manual sortingand reworklng. Thi5 makes it rtear-impossible to value goods on reteipt. Donatlons from the 8eneral publlc are colleded. sorted and weSghed. Whers batched for onward distributlon, the 8oods are weighed and an e51imale of their value based on an example basket of products Is used. Donatior15 of g(x)d5 from various tompanles have been valued based on theif Tecommended retail price, wheie that Information 15 avallable or has been conflrmed by the d¢natln8 companv. ReJourc•¥ expend•d Expendlture15 class6fied In accordance wtih the State¥nent of Recommended Practl¢e 4s shown below. Charltable Actlvltles - all expendlture directly relatinB to the obletts of the charlty Includlng the direct c￿1 of supporting charltable actlvltlts and covers the followin8 •Ctlvltie5 a5 Incurred.. Identificatlon of potential donors. obtaining donated goods for onward d6strlbirtlon, the processes lor d¢stributlr¢& reportin8 aThd accounting lor those goods,. the registration of volunteers and tommunity partn•rs and malnt¥nanr.p nf data relatin8 to the volunteer and communty partner or8anisatk*ns,' Governance Costs- Being financial. leral and administrative expenses Inturied In connectlon with enabling the charity to cornply wlth external reBulatlons, constitution41 and statutory requirefflents- and In proyldlng support to the Trustees in the dlxharge of iheir statutory dutles. These costs are Included support costs,. Costs of Generating Funds - The cost5 incurred to olrtain voluntsry contributions to the charlty including expenditurt on IncreasinB the Chartt￿ gene¥al resources other than through obtaSNln8 registrallort itKome or8ood5 for dlstribution and for improving general awarenE55 of the charity withln the ovei•ll comrnunity.. and Support Costs - Expendlture inoJrred orb activities falllng dirertty withln one e¥pendfture cla$5ificatlon Is haigtd dlrertly to that classification. T•xation A5 0 reqlrtered charity. It is potentlallyexempt Irom taxation of Its Income and 8alnstothe extentthat these are applied to it5 charitèble oblects. The charrty is re8lstered for VAT. Glft Ald Is accounted for on a recelvable ba$i5. oP•r￿[nI lea Operating ￿ase rentals are thèf8ed to the 5taternent of Flnanclal ActiV￿leS over tht term of the lease. Cash •t bank and In hand Cash at bank aftd cash In hand Includes cash and short term hl8hty Ilquid Investments wlth a short maturlty of three months or less from the date of acqui51tion or openin8 of the deposlt or slmllar account. It also Includes the balances held of pre-paid cards being used by some of the charltvs volunteer Po8* 120 The Hy8lene 8ank Ngt•s to the Atcounts Icontlnuedl For the tpar ended 31 March 1024 tharlty number. 1181267 SC049895 T•￿Ible fix￿ •5gets Fixed assets are taprtalised In the balante sheet at cost except for items coskn.ng le55 than £250 wh(ch are expensed in the year ol purchase. Depreciation 15 calculated to wr￿e off the c05t of tangible ffixed assets, less estimated residual values, an a strai8ht-line basi5 over the estimated economi¢ lives of the assets eoncerntd. Computers are written off over four years. Fix*d •ss•l inwtm•nts Investments in subsidiary vndertakbngs Is shown at cost less accumulated Impairm*nt losses. O•btors rrade and other deblors are recognised at the settlement amount due oft*r any tiade dixount offered. Prepaymen15 are valued at the amount prep#ld net of any trade tliscount5 due. Cr•dltor5 provisions Creditor5 and provisions ore recognised where the charily has a pre5errt oblSgatlon reSu￿1n8 from a past event that wlll probably re5uli In the transfer of fund5 to a third party and the amount due to settle the obll8atlon can be measured or estlmated feliably. CredStors and provi51onsare normally reco8ni5ed at ihelr settlemefttamount after allowing for any trade discounts due. J. cro￿￿1 •¢countiw lud¢em•nts •sllm•lion urKQrt•lnty In preparing these financial statements, management has made judgements, estimates and •5sumptions thot affect the applltatlon of the charitvs accountSng polides and the reported a55ets, Ilabllltles. Income and expendlture and the dlsclosufes made in the financial statements. Estlmates and judgements are continualty evaluated and are based on hlstovlcal Expertence and other fartois, Intludln8 expertations of future events that are believed to be reasonable under the clrcumstances. Those areas subject to ludoement and uncertalnty are as fgllows: Valuation of goods distributed., Valtsation of other goods and servSces received In klnd; and Accrued Income and expenditure. Goods donated for onward distTlbutlon are valued at a réasoftable estlmate of thelr Nlglnal rna￿et value. Other goods and servlces receNtd are valued erthef ty the donor, or where no value 15 8lven, v•lued at the equlvalent rnarket cost were these to be purchased directly by the chaffjty. The charity ha5 a150 taken into tonsideration what ihe charity could have afforded In detemilnlng the value to be reco8Dised in the Iinanclal statements. Accrued income and expendlture are estimated where rrf) invoice has been provlded. These estimatesare based either on third paty evldence or on known values Thot yet InvoSced by the service provlder. The Hy￿ene B4nk N(rtes to tht Accounts Icontlnu•dl Forthe Yeaf ended 31 Mirch 2024 Charlty numb•r: 118IZ67 SCI>VJ895 4. f)on*ed pods and s•NI¢•s In¢un• Unrestricted fund5 2024 REstrlcied runds 2024 Totsl Vnre5tricted lund5 1023 Restricted Funds Total zo 2023 XJ23 Value of donaled giy)d disliibuied ryltes doTraled lor o*n use 5*34,795 25.582 Sm4,795 6.031,21B IS￿￿1 22,721 6,031,21 22.721 5W377 S.160.Jn 6,053.939 6,053.939 N•t Incom• Net Incornelor The pewlod Is afterchJrEln8'. Yur•rthd Year ended Jll3124 3V3123 Audli lees Operatln8 lease5 3,Irfft) 44.717 21,( 6. Exp•ndltuve iiect iosts 2ULd Tvl•l t#rer4 costs Eoi3 Jpport cost5 2023 Total ¢¢MS 2024 ZOZ4 1023 Donaled good5 Oth@r chantablEIOSts 5,834.795 435.9B5 6.270.78AI 5.ga4,795 6.031,218 387567 6,418.785 6.031,218 602.Jg9 6.713,617 407.5ZO 407,520 294.832 294,832 6.678JOO Co# ofG•ntt*lN Funds FU￿1r￿SIn8 auNhles 36.7Y 48M51 48.876 41,477 90,151 r•xwrt•s•xp•nd•d 456.371 .763WS 6A67.GGI SJ6.309 6.IIOYP70 The support C05ts relate to the employees and contTactOTS Wofklng for the charlty. wff(h role5 Maln￿ to cover the day to day governance, administrarion and fundraising efforts of the organlsatlon. Pa ie IZI The Hyiiene Bank Notts to the Attounts Icontlnuedl For the ¥￿1 ended 31 M*Kh 2024 Ch•rity number. 11812fj7 SC049895 Analy￿ of funds 31 M*r¢h 2024 Balance IncornlThB re%￿*(e$ Re50ur£e5 expended BaSan¢e canled lorwarrf forward rtrlrt•d funds Fund> InrAI ￿rn￿rtI Rent for stora8e units ChaTity 3dminisirallDn 212.043 6.Vl)2 199.339 165,937 9.802 111.792 245.445 111.792 Toul r•stdctsd fvfid5 218.845 316,131 287,531 147.445 31 M*rth 2023 Balance brought rorward Incornin8 re50Ufces Resource5 expendÈd Babante carrle forwar R•¥trktsd lunth lor loial projects Rent for 510raRe uThit5 Charlty admi015tratlt¥ 237.705 15.853 248,368 11,140 274,OXI 20,191 212,043 6.W2 Tatal rn#trkt•d 2flJ,558 259,506 301,221 218.8dS Gfonts were received from varlous Dr8anisatlon5 Including South Yorkshire Communty Foundatlon, Power Nl EMer8y, Friarsgate Trust, Colyer-Fer8usson. Rotsry aub of Doncaster St George5, Norfolk Communlty Foundation. Sir James Knoii Trust, Caterhèm Oxted and Godstonè Lion$ Club. Bedford5hlre & Lutgn Community Fund, The Eranda Roth51hild Foyndation. Adnams Charltable Fund. Voluntary Actlon Doncaster, Comrnun Investment Fund North ,Richard Spencer Annual Givln8 Fund. Steel Charitable Trust, J H Raus1￿ Trust, Value Retail Management IBicester Village) Ltd. Purey Cust Trust, 0￿0 Homes, The Groce Trust, Howard Watso Symin8ton, Feoffees of St Michaels 5purrier8zte, The Homsly Trust. Groundwork UK. Lowe5toft Charity 8oard, The Horpur Twst. Sevenoaks District Coun¢ll, Tenterden Town Council. Ashford Borou8h Countil, &rornley Council, Doncaster Metropolitan Borough Counc51, Sever*oaks Distrirt C￿ntIl. Sheffield City Council, Stoke City Council, Ards and North Down Borough Council, Oxfordshlre County Coundl, Lowestoft Town. Oxted Parlsh Council. Medway Council, Nottingham City Council. Qrdiff Council. Tamworth Borough Councll, Hampshire CC, U5burn & Castlrea8h CC, Lisburn & Ca5tlerea8h PCSP, Le￿eStershIre Country Cwncll, Buckinihamshlre Councll. These grants were restricted to bt used to support oui projects to pureha5e ol hygiene products which are then donated tts those in need lft local cornmuvitles. to secure $tOfa8e, for marketin8 materia15 and to fund adminlstratton costs. The Hyiien* Bank Notes to the Ac¢ounts l¢ontlnu¢dl For the year ended 31 M•rch 1024 Chwity number: 1181267 SC049895 Staff Costs The charfty had an avtra8e of 13 employees dvrlng the yeor12023.' 121. Y•w •nd•d siafl costs comryise Ywr•nd•d 3yo)12024 gyoJl2023 Salaiie5 and wages 398,312 305.724 Social security iosts 33,017 11,139 20￿34 9,751 Olhei c051$ 136J09 There was one employee whose emoluments lexcludlng emplryer National Insurance ttjntrib￿IonS and employeT pension costs) exceeded £60,CaJ. This employee was in the band £70,WI480.LKQ. For the year ended JI March 2023. no tmployee received emoluments In exce￿ ol £EQ,CMX) The key mana8ement personnel IKMPI of the chzritycomprise the Trustees and the Chlef Execullve Offiter. The total employee beneflts lincltsdln8 employer National Insurance contributions and employer pension costsl for the KMP amounted to £92,185 Iyear endEd 31 Morch 2023.. £65,196). No trustee w•s remunerated lor their role a5 a trustee durlng the year (Year ended 31 Mafch 2023: none). One trustee was reimbursed for expense5 of El.610 Iyear ended 31 March 2023.. £6701. These expenses velate to the cost of purcha5in8 hygiene produrts a5 part of thelr additional role a$ volunleef for J local project. The hygiene product5 were di5trlbuted free of charge to local community partner5. 9. T￿n￿ble Flx•d Assets Computer equipment At 31 Maich 2024 Cart Openin8 Additions 01¥>05als At 31 Mwth 2024 2.[80 2.874 1312 4,652 2,874 1312 4,652 D•pr•¢l•thn OpeninR Charge in ihe year 0i5P05als At JI M￿h 2QZ4 412 674 11951 891 413 674 1195 891 At 31)Aarch 2024 Al 31 March 2023 9,761 1,678 3,7 1.678 The H¥4iene Bank Notes to the Accounts Icontinu•dl For the Y￿r •nded 31 M•rch 2024 Ch•rity ftumb•r. 1181267 sco4￿9$ IQ Fixed Assets In¥estm*nts A subsidlary company. The rtyqitne Bank Tradlng Llmlted. wa5 formeil on 24 February 2022. One ordlnary Share was issued for a par value ol £1. The company did not trade durlnB the year and remalned dorrnant at 31 Marth 2024. 11. D•btors Uniesiricted funds 3V3124 Aesir*ted funds Total un￿sIric1ed I￿str￿ed funds fvnd5 3113123 Toial 3113124 Jyj 3113123 3113133 Trade deblots Prepaymen15 Accru￿ Incorne 24,731 6.049 5,131 24931 14,776 5353 9,491 3.179 5.818 1.517 12.814 159 Ii.LYA 15.993 5,977 ,727 221 35.912 45.1160 SB 32.978 IL Cr•dftors nd• 3113r24 3113fd4 3113rd4 3113123 3113123 31rJ123 11.012 59,915 122 18,221 eo,285 25,7YO 1.383 1.731 370 26.732 Intsr. The spouse of a Trustee provlded lyeelance admlnistration 5ervice5 durlng the year ended 31 Morch 2024 and received total remyneratlon of £7,44012023'. Enill 17. Cipttal comfflltm•nts The charlty did not have any capital commitments12023: none). 18. C•ntinie+)t liability The charity does not have 4ny contir4ent Ilabllitles12023'. none). 19. Post b•1•￿• sh••t •ver There were no signifjcant tvertts affertln8 the charlty since the end olthe year.