* [￿lle StarJ Trustees, Report and Accounts unaudited For the year ended 31 December 2022 Little Stars Baby Bank Registered Charity No. 1191130 www.littlestarscharity.org Llttle Stars Baby Bank Flnanclal statements for the perlod ended 31 December 2022 Reference and adminlstratlon detalls Charity registration number 1191130 Registered offiie address Unit 11 Tower Park Ennerdale Road Shrewsbury SYI 3TD Accountants TCA Ishrewsburyl LLP Third Floor 21 St Mary's Street Shrewsbury Shrop5hire SYI IED Bankeys CAF Bank 25 Kings Hill Avenue West Mallin8 Kent ME19 4JQ Truste L Simcoe (resigned 31 July 2022 B Jone5 (resigned 30 September 20221 E Jones Iresigned 5 April 20221 K Mckinstry (resigned 19 lune 20221 H Scurr (appointed 4 May 20221 A Garm5ton lappointed 23 May 20221 T Cottam lappointed 21 August 2022, resigned 28 October 20221 D Kortas (appointed 12 December 20221 C Williams (appointed 24 january 20231 A 8owler lappointed 30 January 20231 Contents Page Trustees, report Independent examlners report Receipts and payment5 account Statement of funds Llttle Stars Baby Bank Tru51ee5 Reportforthe period ended 31 December ZOIZ Trustees. Annual Report The Trustees of Little Stars Baby Bank are pleased to present their report and the financial statements for the period ended 31 Oecember 2022. Our Vision and Mission Little Star's vision is a world where all babies and children have access to the basic essentials that they need to feel safe and secure. Our mission is to alleviate the emotional stress 3nd fin3ncial pressure of familie5 by providing quality essentials for babies, children and pregnant women. We believe that every family, no matter how complex their situation, should be shown kindness and support at the time they need it most. Statement of Public Benefit Our service benefits children of families who, for various reasons, do not have access to the basic essentials that every child deserve5. We deliver bundles to various referral partners around the county of Shrop5hire. In delivering our services we further benefit the public, as follows.. Families: Providing essentials has a signif icant impact on the family, the service helps keeps babies and young children clothed, clean and safe. This not only helps to remove financial pressure, but 31s0 alleviate the emotional stress by providing the basic provisions. Wider community: The local community are able to donate their pre-loved baby items which not only helps the family who are receiving those items but it also reduces landfill waste and helps the environmental impact. Referral partners: Professionals now have a service within the county they can use after a visit to a family they know need the basics. Due to the kind support of fundraiser and donors, Little Stars is able to contribute and supplement the bundles with brand new equipment needed that cannot be donated as pre-loved. Voluntary income enables Little Stars to continue the work and develop the service. In defining our charitable programme, we have regard for the Charity Commissions general guidance on public benefit. Changes to Trustees After a successful trustee recruitment process the original Trustees decided at different stages to step down from the charity to allow the charity to move forward with the new Trustee's. The new Trustee's brought a wealth of skills to complement the work already achieved for Little Stars and to help take it forward. L Simcoe took on the position of CEO and works full time for the charity. Structure, governance and management The charity is a Charitable Incorporation Organisation I'CIO'I which was registered with the Charity Commission on 3rd September 2020 and is governed by a constitution as a Foundation CIO. Methods used to recruit and appoint new trustees New Trustees are recruited openly in line with Little Stars Baby Bank'5 Trustee Recruitment Policy. Trustee5 receive 3 full induction to the charity and a set of key dotuments, to enable them to gain the required information to fulfil their role. An annual skills analysis ensures the Trustee5 offer a suitable range of knowledge and skills to support the charity. Where a skills gap is identified we aim to seek Trustees to bridge this gap. The Board will aim to adhere to the principles of the Charity Governance Code for Small Charities. This is an ongoing process, and we are working towards fulfilling all aspects of the code. Objectives The general aims and objectives of Little Stars are to support families living and working within Shropshire by.. Working alongside various organisations to provide relief of financial hardship for families who cannot afford the essential baby/children items needed. Provide quality items which not only helps the family receiving them but also the environment impact. Giving help to pregnant women with essentials needed after giving birth. Activities Our Bundles We provide items free of charge which include, although not limited to,. clothing, prams and cots Iwith a new mattress included). As babies grow and explore, we are able to provide the right safety equipment in the home such as stairgates and socket covers. We are very proud to offer a hospltal bag pack and maternity clothin& ensuring pregnant ladies are looked after with all the baslcs they need too. Our partnerships Little Stars are able to offer support to those fleeing domestic abuse and are in need of item5 urgently for their young child,. those who may be on the brink of homelessness. or families where there has been a job loss and the household income has been impacted. Little Stars are continuing to build on their relationships whilst developing new ones. This ensures Little Stars reaches as many families as we can. Achievements and performance Our monthly referrals have doubled when compared to 2021. We now receive, on average, 24 referrals per month. Our referral partners have also requested support with other items, such as school uniforms. To date we have supported 407 bab￿e$ and children by providing the essentials they need. We estimate that this has lifted over £22,000 of financial burden for the babies. children, pregnant women, and families our service supports. Stairgates Car seats Moses basket Cotslcotbeds Highchair Pravn Pushchair 37 Bath Bouncer Playmat Nappies and wipes Toiletries clothin8 carseat 24 16 13 25 12 720 12 375 9462 16 li Christmas 2022 The chariVs Santa's Little Stars campaign provided Christmas gifts to 229 children via the network of professionals the charity has worked with over the financial year. The campaign was once again hugely successful with the support of Tesco who collected gifts for us along with volunteers and use of their facilities from the company Aico. over VihW6 Our Impact We work closely with our referral partners to gather feedback and case studies so that we can understand the impact our work. It also helps us to identify areas where we can make changes and improve the services we offer. Case Study Little Stars has been supporting a lady working within the Shropshire Perinatal Mental Health Team for the past 8 months. The lady in OLFr service has a one sided weakness and memory loss, she has not been entitled to funding or financial support due to not meeting criteria. This has meant that no resource5 or support had been given to supply equipment to support her Erowing Infant. Little Stars ha5 SUPPOrted the rnother and her Infant with vital equipment to enable the mother to live independently with her daughter. Little Stars supported and supplied various items to help with keeping her baby safe and offering resources that the family could not afford and could be used one handed or to make daily life activities easier. Low level play pens, highchairs, beanbags and a carry sling to name a few. Without the support of Little Stars the lady would have needed to move into her parents, house which would have imp3Cted negatively on her Ment31 Health. Little Stars the charity provided vital resources throughout the duration it was required and have made huge difference to the families, life. Thank you Testimonials 'A mossive thonk youfor the bundles you put togetherfor children ot our school. They were gratefully received by thefomily, but most of all it was touching to see the children wolking into school this morning weoring the clothing you provided. Fontostit charity ond a speedy turnoround." "Little 5turt5 charityprovided ofumily with o high chGTir, beonbag ond chGTir thot wos suitoblefor the Infont to use with Hip Spica cast. Funding was not ovoiloblefor thefomily and specialist equipment costs were extremely high. Little Stars sourced various Items and supported thefomily to obtain the obove mentioned items to mLTke look after their baby more munageable.. "Little Star5 charity huve provided many of ourfumilies with baby essentials such os, formula milk, nuppies ond toiletries. The increuse in the cost of living has meantfor lots of ourfomilies they ore no longer oble to afford boby essentials. Thi5 Vltal seryice ensures that Infonts are able to complete baby core octivities ond support parent's mental health with reducing stress and anxiety oboutfint7nciol burden. Acknowledgments Little Stars have been delighted with the support of so many wonderful families. individuals, and organisations. Thank you to the families and individuals who donate their pre-loved baby and children clothing for Little Stars to pass onto other families in need of a helping hand. Thank you to all the individuals who have donated money to Little Stars. Thank you Aico. who chose Little Stars as their charity of the year and once again helped move the charity forward with their generosity of gifted storage space at their headquarters in Oswestry, volunteer hours along with monetary contributions. YNN SHROPSHIRE AeduJn Future plans Little Stars have developed a strong foundation since launching the charity and have a good reputation for quality pre-loved bundles given in a timely manner with support growing from the local community. As the charity look towards the new financial year the strategic focus will be: Recruiting a project co-ordinator to help us with the launch of our school uniform. Set up Little Community Hubs within strategic locations so families have actess to basit essentials without referrals. Raising the profile and visibility of the charity. Building our fundraising strategy. Developing our monitoring and evaluation so that we can feed this back into our work and provide the best possible service for our beneficiaries. ## **Financial review and reserves policy** The charity has had a successful first year, generating income of over £79k. Expenditure was £41K leaving £62K in monetary funds carried forward. £42k of this is restricted funding as set out on page 9. The trustees agree to hold free reserves in the region of £11,000 This is to ensure that there is sufficient funds to cover the running costs of the charity for 6 months. Trustees have taken possible risks into account and considered the loss of gifted storage space. The Trustees agree to continuously monitor this as the charity grows and develops to ensure the amount held in reserves mirrors the level of activity. The free reserves of the charity at the year end, calculated as unrestricted funds less fixed assets, were £19K. ## **Basis of Accounting** The accounts of the charity have been prepared on a receipts and payments basis in accordance with charity regulations. This report was approved by the Board and signed on its behalf by **M** r **A** lex **G** armston Trustee **3** rd **J** uly 202 **3** **6** Llltlt Stirs Boby Bank lrtdependent Examiners Report L￿tle Stays Baby Bank Independent ExamSners Report forlhe year ended 31 December 2022 I report to the eharlty trustee5 Qn my examinatlon of the accounts of the charlty for the perlod ended 31 December 2022 whlch are set out on pagès 8t0 9. YhSs report Is made solelyto the charltvs trustees, as a body, In accordance wSth sectlon 14S of the Charltles Act 2011 and re8ulatlon5 made under Section 154 of that Act. My work has been undertaken so that I mlght state to the charlty's trustees those matters l am required to State to them in an Independent Examiners Report and for no other purpose. To the fullest extent permltted by law, I do not a¢cept or assume responslblllty to anyone other than the charlty and the charl￿5 trustees as a body, for my work or for thls report. Re5P01151bllltles and bagls of r•port As the charfty's trustees you are rèsp¢*nslble lor the preparatlon of the account5 In accordance with the requlremènts of the Charltles Act 20111'the Art'l I repart In respect of my examlnatlon of the charity's accounts carrled out undèr sectlan 145 of the Act and In carrylng out my examinatlon I have followed all the appllcable Olrettlons 8Sven by the Charity Commission undtr 5ectlon 14515llbl of the Act. Independent Examln•r's st•t•m•nt I have completed my exam5natlon. I confirm that no materlal mott¢rs havt come to my att•ntlon In ¢onnectlon wlth the exarnlnatlon Blvlng m¢ cause to belleve that In any materlal respect.. atcountlng records were not kept In respect of the char5ty as requlred by sectlon 130 of the Act. or the accounts do not accord wlth those records. I have no concerns and have come across no other matters In connectlon with th• examlnatlon to whlch attentlon should be drawn In thi5 report In order to enable a proper understandlng ¢f the accounts to be reached. cmoei Mrs C L Moelvryn.Wllllams Bk FCA TCA IShrew5buryl LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SYI IED Dote- -Ih QAI IQ)13 |**Unrestricted**
**Restricted**
**Total**
**2022**
**2022**
**2022**
**Receipts**
**£**
**£**
**£**
Grants
4,360
33,592
**37,952**
Donations and fundraising income
39,375
1,885
**41,260**
Bank Interest received
15
-
**15**
Total Receipts
**43,750**
**35,477**
**79,227**
**Payments**
**_Charitable activities_**
Purchases for service users
4,849
661
**5,510**
**_Costs of fundraising_**
Fundraising events and promotion
198
-
**198**
**_Support costs_**
Wages and Salaries
14,583
-
**14,583**
Employers National Insurance
1,570
-
**1,570**
Employers Pension Contributions
192
-
**192**
Accountancy
-
600
**600**
Consultancy
-
10,320
**10,320**
Insurance
250
-
**250**
Marketing
1,856
-
**1,856**
Office admin (inc'g telephone)
62
-
**62**
Bank charges
81
-
**81**
Rent and storage costs
3,631
-
**3,631**
IT costs
420
85
**505**
Vehicle costs
2,013
-
**2,013**
Purchase of a van
-
-
**-**
Sundry
215
-
**215**
Total Payments
**29,920**
**11,666**
**41,586**
Net (Payments)/Receipts - unrestricted funds
**13,830**
**23,811**
**37,641**
Cash and bank balances brought forward
**5,012**
**18,762**
**23,774**
Cash and bank balances carried forward
**18,842**
**42,573**
**61,415**
**Little Stars Baby Bank**
**Financial statements for the year ended 31 December 2022**
**Receipts and payments account**|Total
2021
£
34,712
3,568
-| |---|---| ||38,280| ||2,671
478
-
-
-
-
-
469
1,366
47
101
2,196
563
576
5,995
45| ||14,506| ||| ||23,774| ||-| ||23,774| 8 Llttle Stars Baby Bank Flnanclal statementsfoi the perlod ended 31 December2022 Statement of funds 2022 2021 Monetary assets Current account 61.339 76 23,698 76 Paypal account 61.415 23,774 Otherassets Van 5.995 5,995 67,410 29,769 Funds Unrestritted Funds 24,837 11,007 Restricted Funds Project Co-ordinator fund Other restricted fund Salarie5 Fund 4.965 5.496 32,112 42.573 13.781 4.981 18,762 67.410 29,769 The Project Co-ordinator fund relates to restricted funding received for the appointment of a Project Co-ordinator. funded by The Postcode local trust The Other restricted fynd relates to restricted funding provided by The Postcode local trust, Tesco and The National Lottery to be used for the baby bank service. The Salaries Fund relates to restricted funding provided by The Postcode local trust Tesco and The National Lottery to be used for wages and salarlès.