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