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Trustees Annual Report for the year ended 31 [st] March 2024
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## **Financial Review** ## Income & Expenditure Little Bird Baby Bank’s second year as a registered Charity April 2023 – March 2024 concluded with: - £28,211 in Income - £ 23,943 of which is Restricted Income that relates to 6 Grants which covered the payroll support for 1 employee, 3 grants to support rising overhead costs and 2 grants for essential Baby Equipment and other referral supplies. - £8,604 in Spending In the 2023/24 reporting period Little Bird Baby Bank received £28,211 in grants, donations and sales activities, an increase of +£14,269 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 the Little Bird Baby Bank Charity shop which is open twice a week. Total expenditure during the year was £8,604 in the year (2022/23: £14,080) rent of a permanent premises in, running costs and expenses associated with fundraising activities at local Children’s Centres and Playgroups, 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: £25,658 Restricted Funds at the year end are: £19,166 ## Future Plans The Little Bird Baby Bank has a strong reputation within the local area and surrounding villages. We have an ambition to meet the increasing needs of our community. Our town centre location continues to support the awareness of the charity to families in need. We are exploring more income generating ideas, to allow us to provide enhanced support to referrals. ## 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 30[th] September 2024 and signed on behalf by: ## _M. Conway_ Millieha Conway - Trustee ## **Little Bird Baby Bank Stratford upon Avon Financial statements for the year ended 31 March 2024 Receipts and payments account** |Payment Type
**Receipts**
Donation
Fundraising
Grants
Interest
Sponsor / Donation
**Total Receipts**
Purchases
Bank Charges
Expenses ‐ Referral Items
Expenses ‐ Fundraising Events
Fuel
Office & Storage Costs
Volunteer Travel
Insurances
Rent
Salaries
Van ‐ Expenses
Van ‐ Tax
Equipment ‐ Storage
**Total Purchases**
Net (Payments)/Receipts ‐ unrestricted funds
Cash and bank balances brought forward
Cash and bank balances carried forward|**Unrestrcited**
**Restricted**
**Total**
£
£
£
1,638.73
1,638.73
2,297.33
2,297.33
23,943.00
23,943.00
162.05
162.05
169.99
169.99| |---|---| ||**4,268.10**
**23,943.00**
**28,211.10**| ||124.00
‐
124.00
‐
1,116.74
‐
1,419.82
‐
2,536.56
‐
236.96
‐
236.96
‐
86.79
‐
290.04
‐
376.83
‐
30.84
‐
500.00
‐
530.84
‐
65.85
‐
65.85
‐
886.62
‐
886.62
‐
‐
1,959.96
‐
1,959.96
‐
‐
833.94
‐
833.94
‐
265.88
‐
265.88
‐
328.11
‐
328.11
‐
178.89
‐
280.00
‐
458.89
‐| ||3,320.68
‐
5,283.76
‐
**8,604.44**
**‐**| ||| ||7,588.78
29,226.76
**21,637.98**
**‐**| ||| ||5,544.78
506.82
**6,051.60**| ||| ||6,492.20
19,166.06
**25,658.26**| **Little Bird Baby Bank Stratford upon Avon Financial statements for the year ended 31 March 2024 Statement of Funds** |**Monetary Assets**|||£| |---|---|---|---| ||Current Acc||‐| ||Saving Acc||‐| ||||**‐**| |**Other Assets**|||| ||Van||6,240.00| ||||**6,240.00**| |**Funds**|||| ||Unrestricted Funds||‐| ||Restricted Funds||| |||National Lottery Grant|‐| |||Other restricted fund ‐ Baby Ban|6,240.00| ||||**6,240.00**| CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independont Examiner's Report Report to the trusteesl members of STRATFORD UPON AVON LIThLE BIRD BABY BANK On accounts for the year ended 3110312024 Charity no (If any) 1196887 Set out on pagas I report to the truste9s on my examinatlon of the accounts of tha above charity ("the Trust'} for the year ended 3110312023. Responslbllltles and As the charity trustees of the Trust, you are responsible for the preparation basls of report of Ihe accounts in accordance with the requirements of the Charlties Ad 2011 (Ihe Ad"). I rewrt in respect of my examlnation of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my 8xamination, I have followed the applicabl8 Dir8CtMs given by the Charity Commission under secllon 145(5)(b) of the Act. I have Completed my examination. I ￿nfin￿ that no material matters have come to my attention (other than that disclosed below ') in connection wlth the examlnation which glves me cause to believe that In, any materlal respéct". accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examlner's statement I have no ¢oncems and have come across no other matters in connection with the examinalion to which attention should be drawn in order to enable a proper understanding of the 8Gcounts to be reached. P188se deletè e wonls in the br8ckets rf they do not apply. Slgnod: Dats: 29° January 2025 Nam INE DAY Relevant professional qualification{s) or body (If any): FMAAT Address: Frensham. Blakes Hill. North Littleton. Evesham Worcestershire WR118QN Section B Disclosure Only complete if the examinér needs to highlight matters of conGern (see CC32, Independent 8xamination of charity accounts: directbons and guidance for examiners). Accounts and records have b8en reviewed. All OK and wall kept. Give here brief details of any Items that th8 examiner wlshes to disclose.