Trustees Annual Report for the year ended 31[st] March 2023
Financial Review
Income & Expenditure
Little Bird Baby Bank’s first year as a registered Charity April 2022 – March 2023 concluded with:
-
£13,942 in Income
-
£ 11,160 of which is Restricted Income that relates to 3 Grants which covered the purchase of a Van to fulfil referrals and 2 additional grants for Baby Equipment and other essential referral supplies.
-
£14,080 in Spending
In the 2022/23 reporting period Little Bird Baby Bank received £13,942 in grants, donations and sales activities, an increase of +£12,763.75 from the previous year. This increase was mainly driven by a rise in grants as well as an increase in donations received by individuals and families within our community and Sponsorship from local businesses. Total expenditure during the year increased to £14,080 in the year (2021/22: £3,890.32) largely driven by the purchase of a Van to support collection of donations, the important delivery of referrals, in addition to supporting fundraising activities as local Children’s Centres and Playgrounds, known as our “Pop ups”.
Donations in kind (clothing, baby equipment and toys) are not reflected in the income or expenditure within our financial statements but represent a significant additional donation stream and route for fulfilling our referral needs.
Cash Funds at this year end are: £6,051.60
Restricted Funds at the year end are: £506.82
Future Plans
The Little Bird Baby Bank has developed a strong reputation within the local area and surrounding villages. We have an ambition to meet the increasing needs of our community. We have recently relocated to new premises to Guild Street (town centre), Stratford upon Avon. Having a permanent and more accessible location will help support our future plans to host more fundraising days with our Charity Shop and improve our efficiency of receiving, sorting and fulfilling referrals of much needed pre-loved essentials to families in need.
Statement of responsibilities of the Trustees
The Trustees are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charities SORP;
-
Make judgements and estimates that are reasonable and prudent;
-
State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that 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. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The Trustees’ annual report has been approved by the Trustees on 23[rd] January 2024 and signed on behalf by:
E. Swierczynski
Emily Swierczynski - Trustee
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner"s Report Report to the trustoesl momborn of STRATFORD UPON AVON LITTLE BIRD BABY BANK On accounts for the year 3110312023 Charity no Ilf any) 1196887 Set out on pages to the oatse *umbers d addmonal $hae I report to the trustees on my examination of the ac£ounts of the a)ve charity (Ihe Twsfi for the year ended 3110312023. Responslbllitles and As the charity trustees of the Trust, you are responsible for the preparation basis of r•port of the accounts in accordan wilh the requirements of the Charities Act 2011 fthe Acr). I report in Twect my examinat of the Trust's &counts c8rried out under section 145 ofthe 2011 kt and in carying oul my examination, have followed the applicable Directions given by the Charity Commission under se(AK)n 145(5){bl of Ihe Act I have completed my examination. I c¢)nfinn that no material matters have come to my attention {other than that disclosed lOW") in connection with the examination which gives me cause to believe Ihal in, any material respecL accounting rttords ThEre Tr)t kept in accordance with secth)n 130 of the Act or the accounts do not xcord with the accounting records Independent examinerfs statement I have no concerns and have (xffie across no other matters in connection with the examinatN)n to whth attention should be drawn in order to enable a kyoper understanding ofthe accounts to be reached. . Please del e the words in the btxkets rf they do not apply. Signed: 29 January 2024 Namo: JUSTINE DAY Relevant professional qualification(sl or body (If any): FMA4T Addr. 8 Millers Close, Vlellord on Avon. Strath)rd UFon Avon, Warwickshire CV37 8QG IER Octobgr 2018
Section B Disclosure Onty complete if the examiner needs to hKJhlight rnatters of concern {see CC32, Independent exami[tion of charity 0)Unts. di1110n3 and guwjance for examiners). Ail OK. Vlell ke0. Give here brief details of any iterns thatthe oxaminer wl8hé8 to dlsclose. IER Octobor 2018