Trustees’ Annual Report for the period
From 01/01/2024 Period start date To 31/12/2024 Period end date
Charity name: E5 Baby and Children Bank (Hackney Children and Baby Bank) Charity registration number: 1192509
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the CIO are the prevention or relief of poverty and the relief of those in need because of financial hardship or other disadvantage in particular through the provision of clothing, food and other support and assistance to pregnant women, babies, children and their caregivers. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Since its establishment in June 2020, the Hackney Children and Baby Bank has grown from a small community initiative to a successful local charity, which to date has supported over 5312 families including over 10122 children. The Hackney Children and Baby Bank provides families in need living in Hackney and surrounding boroughs with much- needed items. We provide clothes and shoes, nappies, buggies, Moses baskets and bedding, toys and books, toiletries and other essentials, all sourced from community donations. These donations can be in the form of physical pre-loved donations or donation of funds or purchase of new items from our wishlists. We offer a friendly, inclusive service to our families and work closely with local agencies to |
| signpost other services. We organise events, support and information sessions for parents and parties and outings for the children we support. The families accessing the Baby Bank face a wide range of hardships. • women fleeing domestic violence who have to move at short notice, leaving all their belongings behind • refugee families who have uprooted their lives • survivors of trafficking and modern day slavery • single parent working families on low incomes • mothers about to give birth with no clothes or equipment for their baby • mothers with multiple pregnancies • unemployed or homeless parents and those struggling with their mental health The needs of some of the families are extensive and multi-faceted; our approach is to try and personalise the service as much as we can to meet the specific needs of our families. |
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|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees, in making decisions concerning the Baby bank’s activities, have had due regard to the commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference n/a
| Policy on grant making | Para 1.38 | |
|---|---|---|
| Policy on social investment including program related investment |
Para 1.38 | n/a |
| Contribution made by volunteers |
Para 1.38 | The Baby Bank continues to be a charity run by the local community, for the local community. The organisation has two paid members of staff and a significant part of their roles are liaising with volunteers. Volunteers remain at the very heart of our organisation and the service could not be delivered without them. The volunteer group alone has brought the community together across age (Duke of Edinburgh students right through to our knitters in a retirement home), ethnicity, socio-economic group, etc. |
| Other |
Achievements and Performance
SORP reference
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Since its establishment in June 2020,the baby bank has supported 5,312 families including 10,122 children. From inception to Dec24 the baby bank has distributed 9,755 clothing packs, 7,909 toy packs, 5,226 packs of nappies, 1,301 moses baskets & cots, 7,769 hygiene kits, 1,435 buggies and much more. The baby bank has also: ● provided school shoes, backpacks and stationery ● organised parties for our children ● Provided hundreds of toys for Hackney Winter Toy Appeal ● provided budgeting and employability skills sessions for service users ● raised funds to employ our first paid staff ● won a Mayor of Hackney’s Civic Award (2021) ● run health and wellness classes for women ● provided laptops for parents returning to study ● extended our network of referrers to reach a wider group of families |
|
|---|---|---|---|
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | As at the year end the E5 Baby Bank’s financial position consisted of cash of £128,533 The baby bank’s income has consisted solely of donations and grants to date. The funds are part ringfenced for covering the salary of the baby bank’s two grant funded employees. Unrestricted funds will be utilised for purchasing items where donations fall short of demand, such as nappies, wipes, formula, lightweight strollers. Please refer to the accounts for further detail. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charitable reserve was increased during 2024 to reflect the greater financial demands on the charity as it has grown, particularly with regards to employee salaries and rent and to ensure that there is a reasonable buffer to allow the charity to adapt to any changes in financing . The reserve amount is reviewed by the trustees for suitability and will be increased if deemed necessary. |
| Amount of reserves held | Para 1.22 | £25,000 |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising)
| Para 1.47 | ||
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
|---|---|---|
| Other |
Reference and Administrative details
| Charity name | E5 Baby and Children Bank |
|---|---|
| Other name the charity uses | Hackney Children and Baby Bank |
| Registered charity number | 1192509 |
| Charity’s principal address | 174 Homerton High Street London E9 6AG |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Nam e of pers on (or body ) entitl ed to appo int trust ee (if any) |
|---|---|---|---|---|
| Beautine Wester | ||||
| Lisa Giffen | ||||
| Sarah Mitchell | ||||
| Julia Thackray | From 24/06/2024 | |||
| Margaret Mary Therese Watmough |
From 10/10/2024 | |||
| Frances Oyineze | From 03/12/2024 | |||
| Strbac | From 10/10/2024 | |||
| Ibilola | From 10/10/2024 | |||
| Boardman | From 10/10/2024 | |||
| Jennifer Morgan | From 10/10/2024 | |||
| Esther Bolter | Until 18/03/2024 | |||
| Samantha Campbell |
Until 18/03/2024 | |||
Corporate trustees – names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity
Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|
|---|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) |
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Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees Signature(s) Full name(s) Sarah Mitchell Julia Thackray Position (eg Finance Trustee Chair of Trustees Secretary, Chair, etc)
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Date
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Charity Name No (if any)
E5 Baby and Children Bank 1192509
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 1/1/2024 31/12/2024
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Unrestricted charitable donation or
32,331 - - 32,331 46,941
grant
Postcode Lottery Grant ringfenced - 24,000 - 24,000 25,000
for wages and salaries
National Lottery Community Grant - 20,000 - 20,000 1,000
ringfenced for wages and salaries
National Lottery CoL Grant
- 42,347 - 42,347 166
ringfenced for premises project
Choose Love grant ringfenced for
- 12,438 - 12,438 -
wages and salaries
Bank interest 200 - - 200 -
Sub total (Gross income for
32,531 98,785 - 131,316 73,107
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total [ - ] - - - -
Total receipts 32,531 98,785 - 131,316 73,107
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CCXX R1 accounts (SS)
26/03/2025
1
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A3 Payments
Winter Appeal 2024 Expense 1,657 187 1,844 4,185
Back to School 2024 Expense 737 - 737 981
Spend on Fixtures & Fittings fr premise - 18,199 18,199 500
Premises costs 7,930 5,609 13,539 6,204
Fundraising costs 182 - 182 725
Cost of Supplies - Nappies, Wipes,
Formula etc 5,411 11,531 16,942 12,135
Event costs 533 - - 533 491
Insurance 399 - - 399 274
Bank charges & Fees 60 - - 60 60
Payroll 10,954 26,077 37,031 32,392
Independent examiner fee 300 300 280
Online fees - domain name etc 239 - 239 503
Volunteero - Volunteer management
system fee 953 - 953 953
Employee expenses 869 - 869 746
misc expenses 482 - - 482 -
- - - - -
- - - - -
Sub total 30,706 61,603 - 92,309 60,429
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A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total - - - - -
Total payments 30,706 61,603 - 92,309 60,429
Net of receipts/(payments) 1,825 37,182 - 39,007 12,678
A5 Transfers between funds - - - - -
A6 Cash funds last year end 82,708 6,818 - 89,526 76,848
Cash funds this year end 84,533 44,000 - 128,533 89,526
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CCXX R2 accounts (SS)
26/03/2025
2
Section B Statement of assets and liabilities at the end of the period
| Categories B2 Other monetary assets B3 Investment assets B1 Cash funds |
Details Details Details Details Total cash funds (agree balances with receipts and payments account(s)) |
Unrestricted funds to nearest £ 84,533 - 84,533 OK Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs Fund to which asset belongs |
Restricted funds to nearest £ 44,000 - - 44,000 OK Restricted funds to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) |
Endowment funds to nearest £ - - - |
|---|---|---|---|---|
| - | ||||
| OK | ||||
| Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) |
CCXX R3 accounts (SS)
26/03/2025
3
| Signed by one or two trustees on behalf of all the trustees B4 Assets retained for the charity’s own use B5 Liabilities |
Details Signature |
- - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Sarah Mitchell Julia Thackray Print Name |
- - - - - - - - - When due (optional) Date of approval 05/02/2025 22/02/2025 |
|---|---|---|---|
CCXX R4 accounts (SS)
26/03/2025
4
Independent examiner's report on the accounts
Report to the trustees/ Charity Name members of E5 Baby and Children Bank On accounts for the year 31 December 2024 Charity no 1192509 ended (if any) Set out on pages 1-2 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above 31 / 12 / 2024 . Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act .
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.
Date: 14/03/2025 Signed: Name: Robert Couser Relevant professional ICAEW qualification(s) or body (if any): Address: Couser Accountants Limited, 162 Kingsquarter, Maidenhead, SL6 1AW
October 2018
1
IER
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 .
October 2018
2
IER