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Charity number 1183129
Annual Report and Financial Statements for the year ended 31 March 2024
Pass on Preloved Items
Annual Report and Financial Statements for the year ended 31 March 2024
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Receipts and payments account | 4 |
| Statement of assets and liabilities | 5 |
| Notes to the accounts | 6 to 7 |
Prepared by West Yorkshire Community Accountancy Service CIO
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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
Position Dates Samantha Craven Chair Laura Mitcham Treasurer Rachel Le Pelley Ann Whitaker Resigned 22 May 2023
Charity number
1183129
Registered in England and Wales
Registered and principal address Bankers
St Johns the Evangelist Church Marks C Santander UK plc South Street Bridle Road Keighley Bootle BD21 1BB L30 4GB
Accountants
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) formed on 25 April 2019 and is governed by a constitution.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
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Trustees' report (continued) for the year ended 31 March 2024
Objectives and activities
The charity's objects
The prevention or relief of poverty in Keighley and the surrounding areas by providing items to families in need and/or charities, or other organisations working to prevent or relieve poverty.
The charity's main activities
POPI is a Babybank service. We provide equipment for babies and children under 5 free of charge to families in need on a Referrals basis. Referrals can be made by professionals such as social workers and health visitors and support agencies such as Domestic Violence Support, Homestart and Refugee Support. Examples of items that we provide include prams, pushchairs, cots, clothing, toys, nappies.
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 the prevention or relief of poverty.
Achievements and performance
Although the amount of assistance required has reduced compared to the previous year, the cost of living crisis ensures we have still provided a much needed service over the year. We have helped approximately 391 families this year which is the equivalent of 1.1 families per day. This time last year we were helping 1.9 families per day. We have given out approximately 3,350 items which is the equivalent of 9.2 items per family. This time last year it was 10 items per family.
We have managed to secure a National Lottery grant of £9,100. Some of these funds have already been utilised for the purchase of much needed safety equipment for families. Due to a lack of storage space, the remainder of the funds will be used gradually over the next few months.
Financial review
The net receipts for the year were £2,573, including net payments of £1,866 on unrestricted funds and net receipts of £4,439 on restricted funds.
Reserves policy
The charity's free reserves, at the year end were £9,551.
We have agreed a reserves policy which seeks to ensure resources are available to meet rental costs, up to a year’s supply of equipment including mattresses and safety gates and cover any significant reduction in the current level of donations received. Based on this the trustees have agreed a lower reserves target of £7,000 and an upper reserves target of £15,000.
Approved by the board of trustees on 19/09/2024
Laura Mitcham (Trustee)
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Receipts and payments account for the year ended 31 March 2024
| Notes 2024 Unrestricted funds £ Receipts Grants and donations (2) 6,943 Fundraising 483 Total receipts 7,426 Payments Rent and rates 4,033 Cots and mattresses 713 Safety Gates 572 Items for Families 2,385 Pamper packs 640 Stationery 4 Cleaning and premises costs 273 Insurance 195 Accountancy 396 Christmas PJs - Fundraising costs 81 Total payments 9,292 Net receipts / (payments) (1,866) Fund balances brought forward 11,417 Fund balances carried forward (3) 9,551 |
2024 Restricted funds £ 10,590 906 11,496 - 1,838 2,781 923 695 - - - - 820 - 7,057 4,439 3,409 7,848 |
2024 Total funds £ 17,533 1,389 18,922 4,033 2,551 3,353 3,308 1,335 4 273 195 396 820 81 16,349 2,573 14,826 17,399 |
2023 Total funds £ 12,452 5,033 17,485 3,996 2,289 2,497 2,958 1,477 18 118 192 240 386 - 14,171 3,314 11,512 14,826 |
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Statement of assets and liabilities
| as at 31 March 2024 2024 Unrestricted £ Cash funds Cash at bank 9,551 Total cash funds 9,551 Other monetary assets Prepayments - Insurance Liability Accountancy |
2024 Restricted £ 7,848 7,848 |
2024 Total £ 17,399 17,399 2024 £ 162 162 2024 £ 561 561 |
2023 Total £ 14,826 14,826 |
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The financial statements were approved by the board of trustees on 19/09/2024
Laura Mitcham (Trustee)
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Notes to the accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
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.
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.
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Notes to the accounts continued
for the year ended 31 March 2024
| 2 Grants and donations Keighley Town Council National Lottery Community Fund (NLCF) North Yorkshire Council (NYC) Skipton Building Society Other donations 3 Restricted funds Balance b/f £ Pamper Packs 695 Keighley Town Council 2,714 Winter Appeal - NYC - Early Help : Get Going - NLCF - POPI - 3,409 |
2024 Unrestricted funds £ - - - 500 6,443 6,943 Incoming £ - 500 906 990 9,100 11,496 |
2024 Restricted funds £ 500 9,100 990 - - 10,590 Outgoing £ 695 3,214 820 990 1,338 7,057 |
2024 Total funds £ 500 9,100 990 500 6,443 17,533 Transfers £ - - - - - - |
2023 Total funds £ 5,000 - - 2,500 4,952 12,452 Balance c/f £ - - 86 - 7,762 7,848 |
|---|---|---|---|---|
Purpose of restriction
Fund name Purpose of restriction Pamper Packs Donations to be used to purchase items for pamper packs. Keighley Town Council Funding for the purchase of mattresses and stairgates. Winter Appeal Donations to be used to purchase winter Grobags, sleepsuits, warm pyjamas and hooded blankets.
NYC - Early Help : Get Going To purchase safety gates and mattresses. National Lottery To purchase safety equipment for families including mattresses, safety gates, fireguards and toiletries.
4 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.
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