Baby Bank Herts Registered Charity Number: 1197928
Annual Trustee Report Period: 2 June 2023 to 1 June 2024
This report outlines the financial overview, achievements, and impact of Baby Bank Herts during our second year of operation as a registered charity. It highlights our continued commitment to supporting vulnerable families, promoting sustainable living, and addressing child poverty in Hertfordshire.
Overview
Baby Bank Herts remains dedicated to it’s mission of providing essential items to children and families experiencing poverty in Hertfordshire. Over the past year, we have expanded our outreach and impact significantly, with the support of our donors, partners, and community members.
Financial Review
In the financial year 2023-24, Baby Bank Herts successfully secured funding to support our key projects:
Restricted Funds: £3000 was raised to support the “Safe and Sound Sleeping Project” and a purchase twin/double seated travel equipment.
Unrestricted Funds: £4620 was awarded by a trust,
supplemented by ongoing donations from direct debits, JustGiving, and individual supporters.
The generous contributions of our supporters have allowed us to deliver meaningful support to the families we serve. While in-kind donations (e.g., clothing, bedding, and toiletries) are not included in our financial statements, they remain a crucial part of our service delivery.
Impact
This year, Baby Bank Herts supported 2,008 families, a significant increase from the 882 families assisted last year. This growth reflects the growing need for our services and the effectiveness of our outreach efforts. Many of these families include multiple children, amplifying the impact of our support.
We have also implemented measures to simplify the referral process, making our services more accessible to families facing barriers. Our expanded network of referral partners has been instrumental in connecting us to those in need.
Community Engagement
The success of Baby Bank Herts is deeply rooted in the trust and support of our community. The steady stream of donations from individuals and businesses has been vital in helping us meet the needs of vulnerable families. We are also proud to be an active member of the Baby Bank Alliance, which has provided invaluable guidance,grant support, and opportunities to strengthen our governance and operations.
Looking Ahead
Our strategic priorities for the next year include:
Recruiting Skilled Trustees:
Expanding our board to include expertise in fundraising, finance, marketing, and operations.
Enhancing governance to support the charity’s growth.
Securing Suitable Premises:
Raising funds to acquire a dedicated space to store donations and welcome beneficiaries.
Developing partnerships with local organisations to support this goal. Recruiting a Paid Charity Manager:
Transitioning operations management to a full-time, paid staff member to ensure long-term sustainability.
Reserves Policy
Baby Bank Herts operates with minimal reserves, reflecting our focus on directly supporting beneficiaries. For the financial year 2023-24, we have set reserves at £156 to cover essential legal costs. Our lack of premises, loans, or significant financial commitments ensures the sustainability of this approach.
Statement of Trustee Responsibility
The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards. This includes ensuring that the financial statements give a true and fair view of the charity’s financial position and comply with the Charities Act 2011.
In preparing these statements, the trustees: Select suitable accounting policies and apply them consistently. Make judgments and estimates that are reasonable and prudent. Prepare the financial statements on a going concern basis. The trustees are also responsible for safeguarding the assets of the charity and preventing fraud or other irregularities.
Approval
This annual trustee report has been approved on 1 June 2024 by all trustees and signed on their behalf by:
Aida Startaite
Chair of Trustees
| Charity Name | No (if any) | ||||
|---|---|---|---|---|---|
| Baby Bank Herts | 1197928 | ||||
| Receipts andpayments accounts | CC16a | ||||
| For the period from |
Period start date 02/06/2023 |
To | Period end date 01/06/2024 |
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 4,620 - - - - - 4,620 - - - 4,620 1,100 36 42 60 1,194 - 2,431 - - - 2,431 2,189 - - 2,189 |
Restricted funds to the nearest £ 3,000 188 - - - - - 3,188 - - - 3,188 - - - - - 1,500 1,500 - - - 1,500 1,688 - - 1,688 |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 4,620 3,000 188 - - - - - 7,808 - - - 7,808 1,100 36 42 60 1,194 1,500 3,931 - - - 3,931 3,877 |
Last year to the nearest £ |
|
| Donations | 4,620 | 315 | ||||
| Restricted funds | - | |||||
| Reserves | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
4,620 |
315 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - |
- | |||||
| ~~Sub total~~ | - | - | ||||
| Total receipts A3 Payments |
||||||
| 315 | ||||||
| Charitable Activities | 1,100 | - | ||||
| Website | 36 | - | ||||
| PolicySubscription | 42 | - | ||||
| Microsoftpackage | 60 | - | ||||
| Other | 1,194 | - | ||||
| Mattresses | - | - | ||||
| **Sub total ** | 2,431 | - | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| - | ||||||
| 2,189 | 1,688 | - | 3,877 | 315 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 2,189 | 1,688 | - | 3,877 | 315 |
CCXX R1 accounts (SS)
30/11/2024
1
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Last year Details Details Details J.OBCENA Signature A. Startaite |
Unrestricted funds Restricted funds to nearest £ to nearest £ 2,189 1,688 315 - - - 2,504 1,688 Agreement Error OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Aida Startaite Jane Obcena |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| A. Startaite | Aida Startaite | 30.11.2024 | |
| J.OBCENA | Jane Obcena | 30.11.24 |
CCXX R2 accounts (SS)
30/11/2024
2