REGISTERED COMPANY NUMBER: CE026325 (England and Wales) REGISTERED CHARITY NUMBER: 1195401
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
FOR
PEMBROKESHIRE BABY BANK
PEMBROKESHIRE BABY BANK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
PEMBROKESHIRE BABY BANK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity is the prevention or relief of poverty in Pembrokeshire by providing essential items of baby clothing and equipment to parents and families in need with young children.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number CE026325 (England and Wales)
Registered Charity number
1195401
Registered office
Unit 3 Poolman Court London Road Pembroke Dock Pembrokeshire SA72 4RZ
Trustees
Mrs S Bridges Trustee & Chair T J Lester Trustee Mrs E Luzenko-Hayes Trustee (appointed 23.9.22)
Company Secretary
Independent Examiner Gavin Jones 29 Marble Hall Road Milford Haven Pembrokeshire SA73 2PD
Approved by order of the board of trustees on 19th June 2026 .................... and signed on its behalf by:
Mrs S Bridges - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PEMBROKESHIRE BABY BANK
Independent examiner's report to the trustees of Pembrokeshire Baby Bank ('the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (’the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (’the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 a proper understanding of the accounts to be reached.
Page 2
PEMBROKESHIRE BABY BANK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| Period | |||||
|---|---|---|---|---|---|
| 5.8.22 | |||||
| Year Ended | to | ||||
| 31.8.23 | 31.8.23 | ||||
| Unrestricted | Restrict | Total | Total | ||
| fund | ed | funds | funds | ||
| Notes | £ | fund | £ | E | |
| INCOME AND ENDOWMENTS FROM | £ | ||||
| Donations and legacies | 2 | 7,198 | 13,444 | 20,642 | 52,948 |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Delivery of the charities objects | 37,050 | 37,050 | 10,562 | ||
| NET INCOME | (29,853) | 13,444 | (16,408) | 42,386 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 59,139 | - | 59,139 | 16,753 | |
| TOTALFUNDS CARRIEDFORWARD | 29,286 | 13,444 | 42,731 | 59,139 |
The notes form part of these financial statements
Page 3
PEMBROKESHIRE BABY BANK
BALANCE SHEET 31 AUGUST 2024
| BALANCE SHEET 31 AUGUST 2024 |
||
|---|---|---|
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Debtors 5 1,306 Cash at bank 27,981 13,444 27,981 13,444 CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS 29,287 13,444 TOTAL ASSETS LESS CURRENT LIABILITIES 29,287 13,444 NET ASSETS 29,287 13,444 FUNDS Unrestricted funds 7 Restricted funds TOTAL FUNDS |
2024 Total funds E 1,306 41,245 42,731 42,731 42,731 42,731 29,287 13,444 42,731 |
2023 Total funds 60,279 |
| 60,279 (1,140) |
||
| 59,139 | ||
| 59,139 | ||
| 59,139 | ||
| 59,139 | ||
| 59,139 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comp|y with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on . .......................................... and were signed on its behalf by:
S Bridges - T T J L ster - Trustee
The notes form part of these financial statements
Page 4
PEMBROKESHIRE BABY BANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Grants
Grant income is credited to income on receipt.
2. DONATIONS AND LEGACIES
| Year Ended | Year Ended | |
|---|---|---|
| 31.8.24 | 31.8.23 | |
| Donations | 7,198 | 14,598 |
| Grants | 13,444 | 38,350 |
| 20,642 | 52,948 |
Grants received, included in the above, are as follows:
| Year Ended | ||
|---|---|---|
| 31.8.24 | 31.8.23 | |
| Pembrokeshire CC | 8,000 | |
| Valero | 3,750 | |
| Save the Children | 1,200 | |
| Feed Feed | 350 | |
| MHPA | 144 | |
| 13,444 | 38,350 |
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PEMBROKESHIRE BABY BANK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EhIDED 31 AUGUST 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the period ended 31 August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the period ended 31 August 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Restricted | Total | ||
|---|---|---|---|---|---|
| fund | fund | funds | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 34,599 | 18,349 |
52,948 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Delivery of the charities objects | 4,453 | 6,109 | 10,562 | ||
| NET INCOME | 30,146 | 12,240 | 42,386 |
||
| TOTAL FUNDS CARRIED FORWARD | 46,899 | 12,240 | 59,139 |
||
| 5. | DEBTORS: AMOUNTSFALLING DUE WITHINONE YEAR | ||||
| 2024 | 2023 | ||||
| Other debtors | 1,306 |
2,645 |
|||
| 6. | CREDITORS:AMOUNTSFALLING DUE WITHINONE YEAR | ||||
| 2024 | 2023 |
||||
| Accrued expenses | - | 1,140 | |||
| 7. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.9.23 | in funds | 31.8.24 | |||
| Unrestricted funds | |||||
| General fund | 16,753 | 30,146 | 46,899 | ||
| Restricted funds | |||||
| Restricted fund | - | 12,240 | 12,240 | ||
| TOTAL FUNDS | 16,753 | 42,386 | 59,139 |
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PEMBROKESHIRE BABY BANK
NOTES TO THE FINANCIAL STATENIENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds | |||
| General fund | 7,198 | (37,050) | 29,258 |
| Restricted funds | |||
| Restricted fund | 13,444 | - | 13,444 |
| TOTAL FUNDS | 20,642 | (37,050) | 16,050 |
Comparatives for movement in funds
| Comparatives for movement in funds | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| in funds | 31.8.23 | ||
| unrestricted funds | |||
| General fund | 42,731 | 59,139 | |
| TOTAL FUNDS | 42,731 | 59,139 | |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| Unrestricted funds | |||
| General fund | 34,599 | (4,453) | 30,146 |
| TOTAL FUNDS | 34,599 | (4,453) | 30,146 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
9. DONATIONS RECEIVED
As well as monetary donations received the charity also received donations from the general public in way of clothing and equipment both used and new. The value of these donations are not recorded. All items are donated to families in need.
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continued...
PEMBROKESHIRE BABY BANK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
10. VOLUTEERS TIME
During the period the charity has benefitted from volunteer support, no adjustment has been made to the accounts to reflect the value of volunteer time.
Page 8
PEMBROKESHIRE BABY BANK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
| Year Ended | Year Ended | |
|---|---|---|
| 31.8.24 | 31.8.23 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 7,198 | 14,598 |
| Grants | 13,444 | 38,350 |
| 20,642 | 52,948 | |
| Total incoming resources | 20,642 | 52,948 |
| EXPENDITURE | ||
| Charitable activities | ||
| Insurance | 152 | 502 |
| HLP | 1,059 | |
| Sundries | 720 | |
| Rent | 13,828 | 2,844 |
| Repairs, maintenance and minor equipment | 950 | |
| Baby clothes, equipment and other consumables | 21,472 | 4,474 |
| 36,510 | 9,490 | |
| Support costs | ||
| Support costs Support costs |
540 | 1072 |
| 540 | 1,072 | |
| Total resources expended | 37,050 | 10,562 |
| Net income | (16,409) | 42,386 |
This page does not form part of the statutory financial statements
Page 9