Registered Charity no. 1186640
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022 FOR BRIERLEY HILL BABYBANK
Page 1
BRIERLEY HILL BABYBANK CONTENTS PAGE FOR THE YEAR ENDED 31ST MARCH 2022
| CONTENTS | Page |
|---|---|
| Report of the Trustees | 3 - 6 |
| Independent Examiners Report | 7 |
| Receipts and Payments Account | 8 |
| Statement of Assets and Liabilities | 9 |
| Summary of fund movement | 10 |
| Notes to the Receipts and Payment Accounts | 11 |
| Analysis of income & expenditure | 12 |
Page 2
BRIERLEY HILL BABYBANK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered charity number 1186640
Principal address
4 Darwin House, Second Avenue, The Innovation Centre, Kingswinford West Midlands DY6 7YB
Trustees
Stephanie Healy - Chairman Emma Crook - Secretary Tracey Tromans FCCA DipFA – Treasurer
Independent examiner
Sally-Ann Reeves FCCA Shire Barn Hewell Lane Tardebigge B97 6QH
Page 3
BRIERLEY HILL BABYBANK TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2022
The Trustees present their report together with the financial statements of the charity for the year ended 31st March 2022.
Organisational structure
Brierley Hill Babybank is a registered charity, No. 1186640.
Governance and Management
Trustees are appointed by the Members at the AGM. Membership is by application and agreed by trustees with the aim of having a broad range of skills represented, in particular finance, health service professionals and voluntary sector experience.
Objectives and activities
The principle objects of the charity are:
The prevention or relief of poverty in Brierley Hill and the surrounding areas by providing essential items, resources and support to families with young children and /or to charities or other organisations who also work to prevent or relieve poverty amongst families.
Achievements and Performance
The Trustees extend huge thanks to the many people involved in Brierley Hill Babybank this year! The project has exploded which we had expected, as we all pull together to get through some of the most difficult times our community has ever faced. We now have just 2 members of staff who we needed to employ to ensure the service continued, to be able to work responsibly and keep accountable, meeting guidelines and best practice. We are now able to offer support to some of the families that are referred to us after a discussion with the referral service about suitability and need. This ensures we can support effectively and also signpost to other better equipped services when needed. We offer low level but vital support to encourage parents to get out of the house and be less isolated, to give them a purpose and direction in life and to gain experience and ability to progress in a controlled, safe environment. We identified that due to the recent pandemic this area of support is incredibly important for our parents, who have had children over the last year and have been unable to effectively gain important developmental skills for life. An activity as simple as sorting donations, putting packs together for others, in a calm and friendly atmosphere helps parents to relax and open up about how they are coping. This holistic approach is showing some amazing results as we watch these families bloom and help prepare them for the future. We hold their hand through new experiences and can encourage them to access other local projects and places to look for training and future careers. Together we can help our next generation flourish as we face many more uncertain times ahead. We are proactive in strengthening relationships with professionals as they also face some of the highest caseloads ever. We are able to support with 1-2-1 sessions to look at budgeting, healthy eating, benefit support, advocacy and general life skills for new moms who also may be moving property to adjust.
We have over 90 services that seek support with essential items in our postcode criteria and are proud to be able to signpost effectively to other local community groups and services.
Page 4
BRIERLEY HILL BABYBANK TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2022
BHBB in numbers:
Our top three areas for referrals were DY1 with 11.3% of our packs requested by that postcode, DY2 with 11.1% and DY5 8.2%.
We issued 380 packs in total for the year. An increase of 34.2% on the previous year, avoiding many items going to landfill whilst drawing in the community to encourage supporting others. With a value of £152,000 in kind
0-3 month packs are the most requested size with 157 out of the 380 packs in that size requested. The 2[nd] most requested size is 18-24 months
38 volunteers, giving 3 hours average a week at a value of £10 per hour has been valued at £59,280. The amazing support from our community has made all of this possible.
Financial review
The net incoming unrestricted resources before transfers for the year amounted to £2,847 (2021: net incoming £14,448), and net incoming restricted resources amounted to £29,381 (2021: net incoming £3,517).
At 31st March 2022 the unrestricted funds after transfers total £20,546 (2021: £16,024). Restricted fund balances after transfers total £ 35,353 (2021: £7,649 ) and are held in cash.
Reserves and reserves policy
The policy agreed by the trustees is to aim to hold in unrestricted reserves not committed or invested in tangible fixed assets (the ‘free’ reserves) sufficient to cover the general overhead expenses and salary costs not specifically funded by external agencies, for a period of six months. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. It would then be necessary to consider how the funding would be replaced or activities changed. The amount of ‘free’ reserves at 31st March 2022 amounts to £18,546 (2021 £16,024), and equates to approximately 5.35 months expenditure.
Risk policy and review
The trustees have examined the major strategic, business and operational risks that the charity faces and consider that they are adequately mitigated through insurance, strategic planning, policies, systems and procedures.
Page 5
BRIERLEY HILL BABYBANK TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2022
Trustees' responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which 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.
Approved by the trustees on 16th June 2022 and signed on their behalf by
Stephanie Healy Chairperson of Trustees
Page 6
BRIERLEY HILL BABYBANK INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31ST MARCH 2022
I report on the accounts for the year ended 31st March 2022.
Responsibilities and basis of report.
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
The accounts do not accord with those records.
I have no concerns 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 proper understanding of the accounts to be reached.
Sally-AnnReeves
S A Reeves FCCA Shire Barn Hewell Lane Tardebigge Worcs
16th June 2022
Page 7
Brierley Hill BabyBank Receipts and Payments Account Year ended 31st March 2022
----- Start of picture text -----
Unrestricted Designated Restricted Total
funds funds funds 2022 2021
Receipts
Donations and legacies 16,321.26 6,500.00 - 22,821.26 9,209.36
Income from charitable activities 2,466.87 17,000.00 52,120.50 71,587.37 41,779.81
Other trading activities 54.4 - - 54.4 -
Other income 349.17 - - 349.17 -
Total Receipts 19,191.70 23,500.00 52,120.50 94,812.20 50,989.17
Payments
Expenditure on charitable activities 19,410.01 14,876.62 21,388.69 55,675.32 33,024.41
Other expenditure 5,558.00 - 1,351.26 6,909.26 -
Total Payments 24,968.01 14,876.62 22,739.95 62,584.58 33,024.41
Excess of receipts over payments before transfer -5,776.31 8,623.38 29,380.55 32,227.62 17,964.76
Transfers:
Gross transfers between funds - in 23,663.88 500 8,718.01 32,881.89 -
Gross transfers between funds - out -2,504.00 -27,272.45 -3,105.44 -32,881.89 -
Excess of receipts over payments before other gains 15,383.57 -18,149.07 34,993.12 32,227.62 17,964.76
Net movement in funds 15,383.57 -18,149.07 34,993.12 32,227.62 17,964.76
Reconciliation of funds:
Excess of receipts over payments at beginning of year 3,162.61 20,149.07 360.59 23,672.27 5,707.51
Excess of receipts over payments for the year 18,546.18 2,000.00 35,353.71 55,899.89 23,672.27
----- End of picture text -----
Page 8
Brierley Hill BabyBank
Statement of Assets and Liabilities As at: 31 March 2022
----- Start of picture text -----
Total
General
Designated Restricted 2022 2021
(Unrestricted)
Current Asset - Cash At Bank And In Hand
Current account 13,196.18 2,000.00 35,353.71 50,549.89 23,672.27
Total 13,196.18 2,000.00 35,353.71 50,549.89 23,672.27
Current Asset - Debtors
Premises deposit 10,350.00 - - 10,350.00 -
Total 10,350.00 - - 10,350.00 -
Liability - Creditors:
Amounts Falling Due In One Year
Loan 5,000.00 - - 5,000.00 -
Total 5,000.00 - - 5,000.00 -
Net total assets 18,546.18 2,000.00 35,353.71 55,899.89 23,672.27
----- End of picture text -----
Page 9
Brierley Hill BabyBank Fund movement summary Year ended 31st March 2022
----- Start of picture text -----
Fund balances Incoming Outgoing Fund balances
Fund Transfers
brought forward Resources Resources Carried forward
Unrestricted
General Fund 3,162.61 19,191.70 24,968.01 21,159.88 18,546.18
Sub-totals 3,162.61 19,191.70 24,968.01 21,159.88 18,546.18
Designated
HEART OF ENGLAND - Salaries - 5,000.00 - -5,000.00 -
LOTTERY - Premises - AWARDS4ALL-LOTTERY 7,649.07 - 6,403.28 -1,245.79 -
Premises - Designated Fund - 5,000.00 5,000.00 - -
Salaries - Designated Speedomick 12,500.00 13,500.00 3,473.34 -20,526.66 2,000.00
Sub-totals 20,149.07 23,500.00 14,876.62 -26,772.45 2,000.00
Restricted
Cadbury - Cadbury Trust - 1,000.00 551.35 - 448.65
GROUNDWORKS - Tesco/One Stop Groundworks 18.26 - - -18.26 -
HEART OF ENGLAND - Salaries - - 5,000.00 5,000.00 -
Hobson Charity - Essential Items - 4,000.00 1,378.32 -2,621.68 -
Heart Of England Harry Payne - Refreshments - 308.34 - - 308.34
Heart Of England Harry Payne - Salary Admin - 206.3 - -206.3 -
Heart Of England Harry Payne - Salary PM - 1,485.36 666.68 206.3 1,024.98
Heart Of England Wesleyan Fund - Family Support - 400 - - 400
Heart Of England Wesleyan Fund - Support Worker - 1,500.00 - - 1,500.00
Heart Of England Wesleyan Fund - Travel - 100 63.3 - 36.7
Local Connections Fund - 2,490.00 2,491.92 1.92 -
Premises - AWARDS4ALL-LOTTERY - 10,000.00 1,645.25 1,245.79 9,600.54
Lottery Places Called Home - Covid Clean - - 4.74 260 255.26
Lottery Places Called Home - Salary PM - 4,940.00 4,680.00 -260 -
Lottery Together For Our Planet - Equipment - 3,960.00 - - 3,960.00
Lottery Together For Our Planet - Participant Rewards - 500 - - 500
Lottery Together For Our Planet - Training - 350 - - 350
Lottery Together For Our Planet - Salary - 5,157.50 1,351.26 - 3,806.24
Postcode Local - Salary Admin - 9,360.00 1,560.00 - 7,800.00
Postcode Local - Salary PM - 5,363.00 - - 5,363.00
Seven Trent - Severn Trent Water - - 2,001.48 2,001.48 -
TESCOMILK - Tesco Milk 342.33 - 345.65 3.32 -
WYLDE TRUST - Wylde Trust - 1,000.00 1,000.00 - -
Sub-totals 360.59 52,120.50 22,739.95 5,612.57 35,353.71
Totals 23,672.27 94,812.20 62,584.58 - 55,899.89
----- End of picture text -----
Page 10
BRIERLEY HILL BABYBANK
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
1 Trustees' Remuneration and benefits
----- Start of picture text -----
2022 2021
£ £
-
Trustees' expenses (travel) 1,304
----- End of picture text -----
No remuneration or other benefits or expenses were paid to Trustees during the year.
2 Staff Costs
| Project management Administration |
2022 2021 £ £ 18,891 - 1,560 - 20,451 - |
|---|---|
There were 2 employees during the year (2021 - nil)
3 Related party transactions
Stephanie Healy, Chairman and Trustee, received fees of £1,351 relating to time spent on research for the Together for Our Planet research project.
4 Movement in funds - prior year
The movements in unrestricted and restricted funds during the year were:
| General (unrestricted) Designated (unrestricted) Designated for premises HOE TNL Designated for salary Restricted Tesco milk Tesco ground work Total funds |
Balance b/fwd Receipts Payments Transfers Balance c/fwd 01/04/2020 31/03/2021 £ £ £ £ £ 1,576 10,022 8,307 (127) 3,164 4,132 10,000 6,483 - 7,649 - 10,000 10,051 51 - - 6,467 6,543 76 - - 12,500 - - 12,500 4,132 38,967 23,077 127 20,149 - 1,000 658 - 342 - 1,000 982 - 18 - 2,000 1,640 - 360 5,708 50,989 33,024 - 23,673 |
|---|---|
Page 11
Brierley Hill BabyBank
Analysis of income and expenditure Year ended 31st March 2022
----- Start of picture text -----
Total
General Designated Restricted 2022 2021
Income and endowments from:
Donations and legacies
1000 - FUNDRAISING 2,902.76 - - 2,902.76 1,535.96
1200 - DONATIONS 13,058.50 6,500.00 - 19,558.50 8,510.71
1210 - GIFT IN KIND 360 - - 360 -
Donations and legacies Totals 16,321.26 6,500.00 - 22,821.26 9,209.36
Income from charitable activities
1100 - GRANTS 2,000.00 17,000.00 52,120.50 71,120.50 40,867.00
1300 - WEIGH IN 466.87 - - 466.87 75.5
Income from charitable activities Totals 2,466.87 17,000.00 52,120.50 71,587.37 40,942.50
Other trading activities
1500 - WRISTBANDS 54.4 - - 54.4 -
Other trading activities Totals 54.4 - - 54.4 -
Other income
1600 - GIFT AID 349.17 - - 349.17 -
Other income Totals 349.17 - - 349.17 -
Income and endowments Grand totals 19,191.70 23,500.00 52,120.50 94,812.20 50,989.17
Expenditure on:
Expenditure on charitable activities
2000 - Rent & Service Charges 2,665.47 8,422.40 884.51 11,972.38 5603.3
2100 - Utilities 757.21 1,014.18 511.61 2,283.00 879.64
2200 - Telephone 145.48 90.87 48.51 284.86 149.04
2300 - MIleage 389.58 1,572.33 - 1,961.91 2,909.64
2400 - Insurance 218.29 303.5 252.04 773.83 432.24
2500 - Office Supplies & Sundries 423.4 - 254.91 678.31 1,428.52
2510 - Advertising & Promotion 15.93 - - 15.93 -
2550 - Misc Other 92.59 - 99.05 191.64 86
2551 - Client Support - - 63.3 63.3 -
2600 - Furniture & Equipment 1,571.56 - 292.17 1,863.73 725.34
2650 - Licenses & Subscriptions 154.99 - 60 214.99 -
2700 - Stock & Essential Items 9,102.17 - 4,975.91 14,078.08 20,810.69
2800 - Events 400 - - 400 -
3000 - Gross Pay 3,307.59 3,362.84 13,780.93 20,451.36 -
3020 - Employers Pension 165.75 110.5 165.75 442 -
Expenditure on charitable activities Totals 19,410.01 14,876.62 21,388.69 55,675.32 33,024.41
Other expenditure
2560 - Professional Fees 5,208.00 - 1,351.26 6,559.26 -
2561 - Independent Examiner 350 - - 350 -
Other expenditure Totals 5,558.00 - 1,351.26 6,909.26 -
Expenditure Grand totals 24,968.01 14,876.62 22,739.95 62,584.58 33,024.41
----- End of picture text -----
Page 12