Reg18tsred number. 07051996 Chaty numbor: 1143S28 NORWICH FOODBANK (A company Ilmltsd by guarantee UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Norwich foodb
NORWICH FOODBANK IA Company Ilmltod by guarantsel CONTENTS Page Referonco and admlnlstratlve deta118 of tho Companyi Its Tru8tse8 and advlsgr8 Trustg08' report Independent &xamlnef8 roport ststomont of flnanclal actlvh188 2-12 13-14 15 Balan 8hoOt 16 Statornent of cash flow8 17 Nots8 10 thfj fln•nclal •tstement• 18-30
NORWICH FOODBANK {A company Ilmlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2023 Tru8teo• G W Beckingham K Davies R Goham F Haworth K Hounsome J Thorne A M Stone (resigned 16 March 20231 D J Osborne (appointed 21 September 20231 R J Paraschivu lapwinted 21 Septèmber 2023) Company ro918tsr•d number 07051996 Charlty rnghtornd numbor 1143528 R•gl8t•red offl¢0 Henderson Bu8in888 Centre Ivy Road Nowch Norfolk NR5 88F Accountsnt• Larking Gowen LLP Chartered Ac¢ounlanl8 1 $1 Floor, Prospeol Hou8e Rouen Road Norw¢h NR1 1RE Page 1
NORWICH FOODBANK IA ¢ompai)y Ilmited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 FOREWORD BY THE CHAIR OF TRUSTEES: As always, I want lo begin this Foreword by thanking all those who have contributed so generously to our work, whether that be through donations of ft>)d or money or through their lime. We are so grateful for 6veryon8's contributions, wlhoul which we Uld not be able lo provide the service do for all those in Nomich aTrJ the surrounding 8re8 0 need Lts. Our primary activity is of cour8e lo provide fc<)d for those in need and in this respect the call on the fotsjbank 18 sadly increasing again. This increase seems rtain lo continue as people find il more and more difficult lo afford the ba8i¢s of lrfe 80 Ih8t support from the community is 88 impartant as evw. Increasingly, though. the fwdbank 18 doing more than simFly provKJing foc4J. This Annual Repjrt will go into detail bul just lo say here that are doing more and more to help people aVd the situation8 that can lead lo them seeking our support in the first place. We now have workers from Age UK, British Red Cross. Citizens Advice, Shelter and Your Own Pla based in our Distribution Centres ready lo offer advice and support on resolving the financial and other problems that our clients may be facing. And we 81$0 ¥*vanl to èngage more effeGtively wlh thosè who seek our help in order lo und8rstand their needs more fully. l also want to rec¢>anise the continuing hard work and dedication of our staff.. Hannah our Project Manager. Keith our Warehouse Manager. Rachel our Administrator and, from the second half of 2023, now Katherine as our Project Officer and Jon as our Volunteer and Campaigns Coordlnator. They a an amazing team as ore all our volunteer8 in whatever role they have wlhin the foodbank. ether based in the tj'stribulion Centr88, the warehouse or the Offi or in helyng wth such a8 collections and dellveries. We are so grateful for the lime you give 80 freely lo th8 foodbank. And 188lly lo thank all my fellow Tw$lee8 for their )(k and support. sin the 188t Annual Report, wa have recruited n8w Trustees in Reb¥ca Paraschivu Dwld Osborne. All our Trustees contribute In many ways lo en8uring the effective managem&nl of the foodbank. Keir HOUnrne Chair of Tru8ts98.
NORWICH FOODBANK IA company limited by guaranleel TRUSTEES. REPORT FOR THE YEAR ENDEO 31 OCTOBER 2023 STATEMENT: The Trustees present their annual report together wth the financial statements of Nowch Foodbank for the year 1 November 2022 to 31 October 2023. The Annual Report serves the purposes of both a Truslees, pOrt and directors, report under company law. The TnJ$lees ¢onfinn th* the Annual Report and finanaal statements of the charitsble company comply wlh the current statutory requirements, the requirements of the Foodbank's governing document and the provi&ons of the Slalement of Recommended Practice ISORPI applicable to tharilies preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Since the Foodbank qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 Islralegic Report and Directors, Report} Regulations 2013 has Èeen omitted. OBJECTIVES AND ACTIVITIES: a. POlie$ and objectives In setting obieclives and planning for activities, th& Trustees have given due consid&ration to general guidance published by the Charity Commi88ion relating to public benefit. induding the guidance 'PubSic benefit.. running charity IPB21'. The objects of the F¢)odbank are to relieve per80ns In the Unlled 'ngdorn and el8thvhere in the are in condlllons of need, hardshlp or di$tre88. b, Strategies for a¢hSeving objeotives NoNi¢h Foodbank operate a Systém of collecting ncn-perishable food by publlc donation a18upemarket8, from churches and other sources. The prc)Ju¢e is distribul&d as emergen¢y parcels sufficient for an indNidual or family to cover 8 period of 3 day8. PRINCIPLE RISKS AND UNCERTAIKfiES: The principal risks faang tha foodbank and the slep81o milgalo them are.. QDQLt&w. We therefo seek to maintain good rdationship3 and communications with our donors, seak new donors through positive and ongoing publicity and also maintain a high level of re8eNes LooL. We seek lo be a good employer wlh an attTaclive Omployment p&kage. We also have regular appfaisals for staff We have detailed financlal monitoring POrts al 011 our Trustoe meetings and maintain appropriately high level of reseNes. As abovè, we also seek to mantain good relab'on8hips With donors olun1#. We have a large base of volunteern 80 seek lo maintsin thorough recruitment and induction proce8ses and regular appciatIon lo maintain and grow relationships and encourage good communi¢ation
NORWICH FQ008ANK IA cc>nipany liinited by gLiaraiFteel TRUSTEES. REPORT FOR THE YEAR ENDED 31 OC108ER 2023 RELATIONSHIP wrrH TRUSSELL TRUST: We continue to OFerate a9 a media centre for the Trussell Trust, Ing a Iru$led foodbank for local and national p$$ or other media enquiries. We are among the thirty blggesl Trussell Trust foodbanks nationally-out of the nemork of 45whIch relates to the number of people we a feeding annually and the amount of foc#J donal& and redistribLrted. The Project Manager and a Trustee attended the Tru$sell Trust national conferere and thè Project Manager. Project Officer and Administrator attended several online Norfolk cluster meetings and Pathfinder specific meetings dunng 2022 and 2023. A new Warehouse Manager cluster meeting was Sel up for Norfolk and Suff¢Jk f¢>Jdbanks and the Warehouse Manager has both attended and hosted. Trustees have attended various online Tnjssell meetings aimed at Trustee b08rd8, which have been useful for n8rkIng arKI Sharing gocKJ p11¢8. Our Project Manager also attended Several dedicated Finanal Inclusion meetings wlh other foodbank8 looking to recruit or partner with ag6ncies to provide advi¢e and support to cjients. Due to our experience of this th Cib'zens Advice, Shelter and Bfltl8h Red Cro85, Trus8&11 asked for our input and experience for fijodbanks interested in this work. We continue lo be part of the Trussell Trust's Pathfinder programme, actively exploring how to move closer to future wlhoul the need for foodbanks. In this rèporting peri¢xI, our Project Officer and Project Manager attended dedicated Pathfinder conference in February 2023. 59 foodbanks make up the Pathfinder programme $0 these even18 were opportLtrnitie8 to discuss, lèarn and Share ideas wlh each other among the themes of referral pathways, participation, ¢hurch and school engagement and Flnanclal In¢lu$iowll of thich we are exF4oring. Notwich f¢)odbank maintains an excellent relationship wth neighbouring foodbank8 in Norfolk and Suffolk, 88 wall as wlh the Trussell Trust head offic8 and local Trussell Trust including the East of England Area Manager. In the period of 1, April 2022 - 31, March 2023, Trussell Trust foodbanks in Norfolk dlstrlbuted 40,174 parcels. Within that flgure, Norwich foodbank gave 11,797 parcels, 29% of the county's total. AREA SERVED: NolCh foodbank 9UPPOrts lo¢al people in crlsls In the Greater NO¢h area, coverfng approxlmatdy 479 8quare miles. We oFer8led out of the warehouse, office 8nd 11 distribution centres. We ¢onlinued lo ulilise strong links wth churches and volunteers in the LoJdon and Poringland areas that hold emergen¢y fc*)d parcels. delivenng to local households referred to us. Clients are issued a voucher by a Gare agency or care profession81 for 3 days of food. The warehouse is 8tsff&J with volunteers Monday - Friday lo maintain the workload and professionals Can attend on behalf ol their clients to cdlect food. A few of our busiest care partners hold fooj parcels on their premises to distribute lo dients, still uwng the voucher system. A recipient said, 'To everyone WIN) has helped us we would like to thank you for all your generou5 SUPPOrt these weeks. It ha5 really helped. The formjbank office is staffed Monday - Fnday 9am - 4Fxn and the Project Manager has an on-call mokn'le vthich is available 9am- 5pm Monday- Friday, excluding Bank Holidays.
NORWICH FQODBANK IA company limited by guar3nteel TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 FOOD COLLECTION: The majority of fo¢>J received is from public donations through collection pints across Greater Norwich. Over 118 tonnes Iwlh an estimated value of £280,362) ¢ame into the W8house during the financial year 2022123, a small d•cfease on 2021122. Donations came from just over 200 different donors including individuals and groups. Tnjssell Trust values one kilogram of donations al £2.37 arKI use this calculation in delemilning the value of our stock and donated fl1. It increased frcm £1.75 in September 2022 followng the monitoring and review of the cost of items used lo make up a food parcel. We are extremely gr81eful to the Trussell Trust. Te8co and A8da for the financial topup recVe. Thi$ 1$ based on donatlons made and equate lo around £2.OCKJ per quarter. We Collected ahead of the NO1¢ vs Sheffidd United match al Carrow Road In April 2023, generating over £600 in financial gifts and 229kg in physical donations. We held in-person collections al Tesco Sprowslon in Decemter 2022 and Wailrose Ealon in March 2023, wlh customtr8 and staff donatin9 a combined total of over 1.2 lonnes and over £1,000 in financial gifts. We have continued to receive deliveries, via Bankuet. an online charity that buys in bulk so e8¢h £1 spent buys more than £1 of produce. We have encouraged new donor SUPPOrt and have a large number of donors directly through Bankuel, collectivdy giving £1,150 per month. We also rec&ve one-off gifts through Bankuet enabling us lo buy more than £30,IXIO of product8 in this peri¢xI. We have built on our relatsonship with Aldi, ordering in bulk, which has helped us keep low stocked items topped up. We 8hared in the 2021122 Annual Report about the new Morrisons 'Foodbank Pick Up Ba9. leh continue lo have a wsitive impact on donations frJn the supemiarket wltt our most needed items being selected by the Community Champions for these pre-packed bags. This Idea has been used by T&sco during the annual in-store ¢olleGts'on$. FOOD DISTRIBUTION: In our financial year 2022123, ovw 142 tonnes ol food went out of our warehouse. 82% of thi8 wa8 in the fom of 3.day food parcels, toiletries and extra food items. 7Vo went to other Norfolk foodbank8 and projects includirKJ FISH clubs and the remainder fftnt lo other partner8 in the 10¢81 area including councils and temporary accommodation settings. During this reporting Feriod, w8 have operated out of 11 distrfbutlon centres, strateglcally placed thin our geographical patch, Alive church on Nelson Street. 8hOrpe Church Hall in BoW(horpe Mile Cross Methodist Church in Mile Cro88 New Hope Christian Centre in Lakenh. Norwch Central Baptist Church in the city centre Oak Grove Community Chur¢h in Old Catton. St Elizabethg Church in Earlham Sl Peter Mancroft's Chantry Hall in the city ¢entre Witard Road Bapti¥t Church in Heart3ea¥e Wroxham and Hoveton United Refomed Church in Wroxham Wymondham Baptist Church in Wymondham Three ntreS I'l provide a free hot meal to all those accessing the foodbank al the point of delivery and all ¢entres offer light refre8hments. Chantry also offer toast and porridge pots lo Ih08e accessing their session on Wednesday and Saturday moming. We are incredibly grateful to all the venue hostg for their support, enabling us to deliver a fa*lo-face Servi within our community.
NORWICH FOODBANK IA company limited by guarantee) YRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 PEOPLE SERVED: In this financial year, Norwch foodbank gave oul parcels to enable 11.828 pIe (including 4,405 childrenl lo be fed for 3 days ea¢h. Thi$ is an overall increase of 390h compared to our last financial year., the number of children equates to a 45% increase in the same period. Emergency foodbank vouchers were fulfilled by 5,934 households this yéar. 1,957 only needed to visrt us once, alongde receiving alc8 and SUPFQrt from their referral agency. 90% of people helped were in a household with at least one pérson aged 25-64 years old 6% were over the age of 65 years. The primary reasons for dienl referrals this year re.. low income1550hl benefit delays and beneflt changes111 %} debl19%} sickness {5%1 REFERRAL PARTNERS: We have over 200 partnèr ag8nci88 rAn 1$8ue vouchers to dlents they 8re worklng wlh and 5,093 vouchers were isgued within this finanaal year. Norfolk Citizens Advice, SEETEC, Change Grow Live, 8aseline and Shelter issued the m08t vouchers in this pericé. 98 vouchers We issued by ourselves, enabling 288 people lo be led., these vouchers account for self-referrals and agencies aren't $1gned up lo the Trussell Trust's online frreferral system. Wothho whh Funding lo contlnue partnership8 wlh British Red Cro$$, Clliz¢n8 Advice and Shelter have been secured using grants and donations up lo March 2026. This Briti8hRedCros8 goes alongside shorter-lemi funding lup lo March 2025} for a partnership wlh Your Place (Community Inte$1 Company). We are pleased lo continue to receive support frorn Sheltei staff members vdunleer their time al 2 distribution centres lo give thice and support lo those attending. Be60n the paid partnerships, we now have athice and support representation acr085 all 11 centres at lea31 once a fortnight. A bi-monthly partnership meeting has been Introduced followng the period this report covers, helping lo build relationshiw klween each service and effectively Co-)rk on ca$e$ ensuring the right advice and 8UPPOrt 1$ in Flace at the right tlme. All partners continue lo make and accept referrals through NCAN (Norfolk Community Advice Netsrk) from the centres where they are not physically present. citizens advice W8 also have vdunlary arrangements in place with 2 further partneryJ'. Age UK Norwich and Family Hubs within Norfolk County Council offer outreach support, attending 4 cenlrès beWn them during a fortnightly rolalion. This comly'ned support is invaluable. ensuring everyone who attends foodbank can speak to a trained partner about any issues they are facing and the agency can either continue working wth them or signpost to another partner-often also in attendance so the client doesn't need to re-1811 their story. own place SHELTER We have continued as an advcrate of Christian chafity Acts 435. to enable u5 to post quèsts for support for specific il¥Nms for dienl8 {anonymouslyl Ythi¢h donors can choose to donate towards. In this period, we were successful with all 13 requests totalling £1,720 including a new wardrobe. a cooker h¢>ad arsd microwave and children's clothing. AC 435 .£hini lo anyone who ha5 need., W.1¢1s435.0U1
NORV¥ICH FOODBANK IA company limitod by guaranteel f4Trrti EPORT FOR THE YEAR ENDED 31 OCTOBER 2023 SUPPORTERS and DONORS: There have been countless new and grt)wng supportefs during this yéar. induding private individuals, churches, companies and other charities for which we are very grateful. Smurfit Kappa have continued lo support us wth regular donations of boxes to pack food parcels in and we greatly appreaal8 this. We are also thankful lo our vc4unteer dnver team who collect from the depot in Diss. In November 2021, %re introduced to a company called 'Earth 8reeze' who sell laundry sheets cn a postal subscription. Their charitable ami donateg products lo foodbanks, shelters and animal charities and were offered 1,000 packets and have since requested 2 more deliveries which have been honoured. They have been very well received as both an ecovproduct 8nd for their ease of storage I Ir8n8POrtalion due lo their size. Durlng the course of this year. received fotrj donations from 85 churchés, b8n8fic&s and religious groups, 44 businesses and 35 schools. as well as 39 different supermarket collection wnts and numerous Private individuals. In our last reporting period. we Saw a significant increase in standing orders and other regular giving through PayPal and Local Giving and this ha$ remaned steady. Our quarterfy Pray&r and NewJ letters go out to over 200 people and have gocé link8 th many local churches who support us vlth donations, gifts and prayer. In May 2022. we joined 'Bank The Food. thich is a free app update wth our most needed f¢)od and loilelries items and u8ers who download it ¢an immediately see what's lop of the li81. They can al80 chSe to eive alerts en entering a supermafk81 that r1ndS them to donate to us. We now have 528 'follower8' fdlovlng onllne promotions of the app. Following the change in shopping hablts durtng and post pandemic, many donors converted their physical Icod donation lo a financial one and this has Continued throughout the current rep)rting penod. We are incredik4y greful to all who give, in whatever capxlty. '1 went to the foodbank for the first time ever and they are $0 lovely. l unpacked the boxes at home and I wa5 crying and there were even bits for my S In there. I've just moved out of a refuge and have r frlends. the people there were so lovely. Foodbank recipient 'Thank you all so much. I'm sorry we need you but I'm so very glad you are all there. Foodbank referrer 'You've helped me when I didn't even know where my next meal wa5 coming from; I'm 50 thankful to you. Foodbank reclplent
NORWICH FOODBANK IA company limited by guarantoel TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 PROJECTS: FISH - Food (and Fun) In Schwl Holidays was launCld in May 2014 providing a fe hol meal and free fun aclivitses to Iowvin¢ome families. In 2022123 clubs in 4 aa$ t¢)ok place during the various school holiday periods. Based on capacity and volunteer availability. FISH looked different in each location. Mousehold and Mile Cross took referrals from local schools and arranged home delweries of packed lunches, recipe kits and activity packs. Thorpe and Queens Hill, arransEd by schc¥)I staff, dld in-person provision of meals and activitie& Chrl8trna•- Since 2013, we have been a conduit bettheen people w$hing to give and people going without at Christmas. After a $urKessful F41ot in 2020. we uged a digital Giving Tree where requests are listed on a website and donors ¢xJuld choose which gifts they Vuld buy and then drop off at the Wdrehouse. This worked very well with 149 individuals listed in 2022 and all were 'laken' by donors. We received knitted items ts'umpers, hals and scarves) from the Norfolk Knitters and various other donation$, induding a great selection of books, from groups and private indlvidual$. Gifts We dislfibuted via 7 diffenI agencies I partners including children's cent5 and young people's seN1$. Several donors pledged their support for future years loo. Energy Bank Thls started In 2017 and supports cllents wth a one-off emergency gas l eleclridty payment, alongside a foodbank parcel. Funding was received from Norfolk Community Foundation for the wnter month$ (November March) bul due lo ongoing emergency demand, priv8le donations funded ongoing energy payments throughout 2022 arKI the start of 2023, In May 2023. we joined Fuel Bank Foundation vkno can provide as8istan¢e wlh gas and electricity vouchers, free of charge to ourselves. During this reporting p&riod, we have m8de 47 referrals lo Fuel Bank Foundation and they have gifted a total of £1,410 to these households. We have ILtnded a lurther 261 households using donated funds, lot811ing £10.257. 'One of the cllents f rom last week came back today. They had swken to our Citizens Advlce worker last week and said it was such a rellef to speak to someone and get help they didn't know was available and wanted to share that with us t¢xlay. Foodbank volunteer COMMUNITY ENGAGEMENT: We welcomed several groups Into the ¥Kdrehou8e during the course of this financial year. They included ,ular$, Go¢xlGym and Aviva, as well as new groups including several new Scouts, Cubs, Brownies and Guides groups. After an OFen invitation lo all Norwch MPS and election candidate5, w6 wplcomed a visit from Alice Macdonald Labour candldale. Sprowslon Junior pupll amb888ador8 made lernly vi8118 in th18 finan¢i81 year once again. In September 2023. wa held an Open Morning al our vArehouse wlh Ihe opportunity to speak to staff, Trustees and volunteers and see the workings of the foodbank, as well as promoting the 'Guaranlee Our Essential8, campaign launched by Trussell Trust and Joseph Rowntw Foundation. Our Prqect Manager gave presentations to 8 groups throughout thi3 financial year including the Norfolk Disabled Christian Fellowship. Wl and Earlham Library Friends. The Prqect Officer and Manager led churth seNices at Neatishead 8aplisl and Ipswch Ro&1 URC. The Project Manager spoke * a Trussell organised 'Anti-Poverty Round Table, event at the UEA, where leaders of charities, community groups and councillors attended lo discuss our collectNe concerns and agree on action. Tile Media Vre contrxted to create 3 film8, Showcan9 the work of NOl¢h fts)dbank vthich can be shared remotely or as part of in-person pSenlionS. Nomch foodbank was chosen as'charity of the Yoar, by law fimi Mills and Reeve 8nd also for the second year In 8 row by Lakenham T0Smen Guild. We contrnue lo enjoy p08ilNe relationships wth l¢xal SUFemiarkets vtho have b008ted low-$lo¢ked items, as 11 as providing gift vouchers and $upport to FISH clubs.
NORWICH FOOD8ANK IA company limited by guarantee) ?EPORT FOR THE YEAR ENDED 31 OCTOBER 2023 CHANGES AND CHALLENGES: In our 2021122 report, we shared the impact of many factors on both demand of our servlces and donations from our supporters and a similar challenge remains with more being SFent on food stocks than ever before, Thanks to incredible genero$ity of financial gifts over the past few years, we are in a healthy position lo continue in this way, however we must be mindful of the continued e¢onomi¢ ¢limate th increasing priceg and how quickly funds can diminish. Within our staff and volunteèr teams, have the opportunity both locally and nationally to communicate our shared vision wlh Trussell Trust of an end to the need for foodbanks. The joint campaign with Joseph Rowntree Foundation of 'Guarantee Our Essentials, has been running n¢e February 2023, with different itèrab'ons of 'actsons' throughout thi5 lime including writs'ng lo one's MP, signing a national pets'lion and, fdlowng the calling of a General Elects'on in 2024, writing messa9es of hoFe or challenge lo the incoming govemmenl on a tabledolh at the fo¢)Jbank. We want lo ensure v£ ¢onlinLFe to speak to, listen lo and speak up for those we seNe at the fo¢xlbank arKJ are vK)rking more closely wtlh Your Own Place on a new 'participalion' thread of work, including gathering storie8 and le$llmoni&s of those we have supported and planning VrkshopS for feedback in the Autumn of 2024. Change is possible, bul only if we act logelhef. WEBSITE AND SOCIAL MEDIA: We continue lo receive positive feedback and engagement on our social media content and, te date, have over 3,800 follorS on Facebook, over 2,700 on Twitter over 1,800 on Inslagram. We have ¢reated a TikTok account and have 32 followers, wth recent Posts receiving over 800 views. We continue lo keep updated news and infomats'on on our Trussell Trust template website al.. norwch.foodbank.org.uk and ulili8e local pres8 contacts Including Greatest Hits Radio, EOP and Evening News and That's TV. Our website'8 'Conlact U8, function is svorking w811 wth the equNalent of hvo messages per day coming through to the office. In June, the Prq'e¢t Manager was inlervi8%d by the Your Place Advigory Board for their audio podcast and in August, the Project Manager was filmed for Thetlord Foodbank's YouTube podc8sI. alongside King8 Lynn Project Manager about the challenges, similarities and difference befvleen all 3 foodbanks. VOLUNTEERS: During our financial year 2022123 we were 8UPPOrted by approxlmalely 180 volunl88rs. Th18 numt*r has grown steadily as we have recruited new volunteers, who found us through word of mouth, social media, our website and pre88 8rtid8s. We held a Volunteerf8 Celebration Meal in September 2023 at The Chantry al %thich 80 volunteers att?nded lor meal and PTe$entstion on the past year by our Prqect Manager. During the cour$e of this financial year, volunteers received external awards.. Barry, part of our Ltsjdon team, was given the 'Fwedom of Lo¢Jdon' award for his seNi¢e lo the community through his church and fo&dbank roles. Angela. a founding Trustee and distribution centre leader, vrds awarded the Benemerenli Medal, a Papal honour for outstanding ¢harilable services. Norwch foodbank is proud lo work wth such an amazing team of volunteers. A weekly update email lo all volunteers actwe or not involved actively from the Project Manager began In April 2020 and thi8 has continued in order lo help volunteers have a beller understanding of all that we are doing, includin9 client feedback and news. Many ex-volunteers and non-volunteer supporters have continued to reGeive thi$ update at their request and the mailing list 1$ over 250 peopl8.
NORWICH FOODBANK IA company limited by guaranteel YL¥I TrSTEES' REPORT FOR THE YEAR ENDEO 31 OCTOBER 2023 LOOKING FORWARD: During the last repo.ng p8ri0d, partnered w+lh researchers at the Untversily of East Anglia {UEAI to help us evaluate our Energy Bank and Financial Indusion ServiS. As a result of this ork. we had an open meeting for votunteers to give their feedback on the findings and put on wellng workshops for vc4unteets to attend. Immediately followng the period CoVej in this report, Your 0% Place la local social enlerprisel has been ¢ommi$$ioned to wn volunteer training and upskn'lling, as well as imeMentIng a participatson workshop for people wlh lived experience of using the foodbank. This wll run alongside their existing workshops offering practi¢al help and support on torics such as debt, budgeting and bills. In November 2023, a n8•V role vr4s created and recruited t¢>-a Volunteers 8nd Campaigns Coor(linator-in order to maximise support of our incredible volunteer workforce and use thr interest and voices within our caMpgnIng for ¢h8nge for our benefioaries. We tholeheartedly 8UPPOrt the Trussell Trust in their vision to See an end lo the need for foodbanks. In March 2023, a joint campaign was launched with Joseph Rownlre& Foundation called 'Guaranlee The Es8enlials', Calling on government to increase and guarantee a minimum level of benefits 8 person receives. Over 150,1X¢) 819natures have been received and. ahead of an expected election in 2024. we want to ensure that existing aTr prospective candidates have the infomalion needed to support an end lo the need for foc*Jbank8. We 11 o)ntlnue to provide emergency f¢)Jd and other es8entia18 lin¢luding tletTieS and Energy Bank P8yment$l lo those in need in Greater NOlCh and seek other options and partn&rship8 to enable people to move out of their cnsis as quickly, smoothly and easily as possible. As menlloned In our 2021122 report. a numbér of social Supermarkets In the NoMi¢h area opened and were oVeelMed wlh membership sign ups. A new social supem)arkel in the NR5 area opened Immedlalely fc41owng the period of this report and the Project Manager is a Dlrector, with the aim of ensurtng help arKI support 19 8vailable alongside Iow-CO8t food, We a l¢)oking at how best we can together, inler-referring clients across our projects lo ensure we help those in emerg6ncy neod lIe the so¢ial supemiarkels help those on a limited income but who are 'lusl about m8naging'. INDUCTION AND TRAINING OF TRUSTEES: Following positive inl&rview and prior lo app.ntrnent, prospective Trustees are invitsd lo attend a meeting of the Truste88 to see the board operate, Then, and followng fomial appointment, them is an induction programme that involves meetings wttt the Project Manager and Chair of Trustees lo explain how the f¢Jodbank vrks, our govemance and other processes. Trustees are also encouraged lo visit the warehouse and a dislribulion centre. Ongoing trainin9 is mainly provided through Tw88ell Trust online ses$lons designed for Trustees. 8EThING PAY AND RENUMERATION: Along with other foodbank Staff, the Project Manager'8 salary is revievftd annually in May las well as in Novemb8r in limes of high inflation). Increas&$ at lea$1 reflect changes in the CPI and regard 1$ also had to the advertised salaries for 8imilar roles in Trussell Tru81 foodbanks and in other charits'es in the eastern region. io
NORWICH FOODBANK IA Company liinited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 FINANCIAL REVIEW: , Going Concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Foodbank has adequate sources to continue in operational existen for the fOseeable future. For this reason, they continue to adopt the 90ing concern basis in preparing the financial slatemenls. Further details regarding the adoption of the going concern basis ¢an be found in the accounting policies. b, ReseNes Policy The Truste8s have adopted a reserves policy to deteIne a minimum level of reserves that will en8ure the Foodbank can adapt to futu thange$ in pattems of income, and also re8¢t to unexpected 8ignific8nl expenditltre demands. The Trustees have sel a free eNeS target to hold reseNes of no less than 12 month$ of operational expenditure. Operational expenditure 15 defined a$ total UnstrICted expenditure less the cost of donated food given out. The target at the year end was £175,C4)0. Free reserves al 31 October 2023 amounted lo £435,152 which exceeds the reserves target. In the exceptional circumstances brought on by the pandemic and fdlowed by the cost of living crisis, the volume of donations and other income re¢Ved has risen significantly. leading to the F¢X)dbank's free reserves becoming higher than the policy tsrgel. Since the year end, the Trustees are worklng on plans for the best use of these re88rve8. li
NORWICH FOODBANK IA co¥npai?y limited by guaranteei TRIITFFq' RFpnRT FC)Tr THF VEAR ENDEO 31 OCTOBER 2023 STRuGfuRE, GOVERNANCE AND MANAGEMElIr: Constitution Norwich FDJdbank is registered as a charitae company limited by guarantee and was sel up by a Trust deed. b. Methods of apFoinlment or election of Trustees The management of the FCIbank is the responsibility of the Trusteés are elected and COvOPted under the terms of the Trust deed. Trustees are apwnled by a reg)lulion of the Trustees. They are chosen with regard to their skills, knowledge and experience needed for the effective administration ot the Foodbank. ¢. Statement of Trustees, Respon8ibilitses The Trustees Iwho aw also the directors of the Fo&db8nk for the purposes of company lawl are re8Fon8ible for preparing the Tru81ees' report and the flnan¢ial statements in accordance wth applicable law and United Kingdom A¢¢ounting Standards (United lQ'ngdom Generally A¢¢epted A¢counting Practr'cel. Company law requlres the Trustees lo prepare financial slalemenls for each financial year. Under company law, the Tru8tees must not apprové the financial statements unless they are lISfied that they give 8 tru8 and fair view of the stsle of affairs of the Fo(yJbank and of ils incomin9 SoUrCeS and application of SoUrces, including ils income and expenditure, for that period. In preparing Ihe8e fin8n¢ial ststemenls, the Trustees are required to.. • Select suitable accounting polici88 and then apply them consistently.. obseNe th& methods and principles of the Charities SORP IFRS 1021., make ludgmenl$ and accounting e8timal&s that are reasonable and prudent., slate whether applicable UK A¢¢ounling Standards IFRS 1021 have been follo%d. subject to any material departures di8clos8d and explain in the financial statements., prepare the flnancial statements on the gong concern ba8 unless It is Inappropriate lo presume that the FObank vlll contlnue In businesj. The Trustees ar8 re8pon$lble for keeping adequate accounting records that are sufficient lo show and explain the Foodbank's transactions and disclose wlh reasonabl• accuracy al any tsme the financial position of the Fcrf)dbank and enable them to ensure that the financial statements comply wth the Companies Act 2008. They are also re$pon$lble for safeguarding the a8set8 of tha Foodbank and henrA for laklng reasonable steps for tho prevention and detection of fraud and other irr&guiarities. Approved by the 808rd of Trustees on.. 9th July 2024 and signed on thelr behalf.. Keir Hounsome (Chair of Tfusleesl 12
NORWICH FOODBANK IA cornpany 1Smlted by guarants•l INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 Independent oxomlnef8 report to the TfU8tees of Norwlch Foodbank I'the Company'l I report to the charity Tfustees on my examination of thé accounts of the Company for the year ended 31 October 2023. R88pon•lbllltlo8 and ba81• of r•port As the Tru$lee$ of the Company land ils directors for the purposes of Company lawl you are responsible for thè preparats'on of the accounts in accordance with the r6quir8rnenls of the Companies Act 20C6 I'lhe 2006 A¢l'l. Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company, accounts caled out under section 145 01 the Charities Act 2011 I'the 2011 A¢l'l. In carrying out my examination I have foll0vd tho Dire¢tions given by the Charity Commission under section 145151{bl of the 2011 Act. Indep•nd•nt •xamIn08 •tatomant Since the Company's gr098 income exceeded £250,000 your examin&r must b6 a member of a body listed in S8Ction 145 of the 2011 Act. l ¢onfirm that l am qualified lo undertake the examinatlon becauge l am a member of the Institute of Chartered Accounlanls in England and Wales, sthich is one of the li$led bojies. I hAve completed my examination. I confirm that no matters have come to my attention in Connection wth the examination giving mo ¢au8e to believe. accounting records hre not kept In resFeCt of the Company as required by Section 388 of the 20C6 Act., or the accounts do not accord Imth Ihose r&ordi or the accounts do not comply with the accounting qU1ments of section 396 of the 2¢JJ6 A¢1 other than any Tequirement that the accounts give 8 'tnJe and fai¢ view which ig not a matter considered a¥ part of an indepèndent examination,. or the accounls have not beon ppared in accordance wth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charitieg preparing their a¢count$ in aCCordae wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concems and have come across no other matters in connection wth the examination to lch attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Page 13
NORWICH FOODBANK IA company Ilmltsd by guarantsel INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 This rep)rt is made solely to the Company's Trust, 8$ a body, in ac¢ordance with Part 4 of the Charrties (Accounts and Report81 Regulations 2008. My work has been undertaken so that I might slate to the Company'8 Truslees those matters l am required to stale to them in an Independent examinef $ report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume reSpOnbillty to anyone other than the Company and the Company'8 Trustees as a body, for my V•ork or for this report. Slgned: Gile8 Kerkham FCA DChA Dated.. 15 July 2024 Llrklng Gowon LLP Chartered Accountants 181 Floor, Prospect House Rouen Road NoMch NR1 1RE Page 14
NORWICH FOODBANK IA cornpany Ilmfted by guarnntso STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 OCTOBER 2023 Re8tr1ctsd Unr88tr1ctsd funds funds 2023 2023 Totsl fund8 2023 Total furKIs 2022 Incorno from: Donations and legaaes Investments 76,740 507.743 5,389 584,483 5.389 600,694 264 Total Income 76,740 513,132 589,872 600,958 Expendlture on: Charitable activities 139,140 514.108 653.248 427,264 Total expendlture 139,140 514,108 653,248 427.264 Net movemont In fund8 {62,400) (9761 163,376 173, 694 Reconelliatlon of fund8: Tolal funds broughl fomerd Net movement in funds 121,585 (62,400 436.128 (976) $57,713 163,3761 384.019 173,694 Totsl funds carrled forwavd 59,185 435,1S2 494,337 557, 713 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 18 to 30 fonn part of these financial Ststements. Page 15
NORWICH FOODBANK IA company Ilmlted by guarantee) REGISTERED NUMBER: 07051996 8ALANCE SHEET AS AT 31 OCTOBER 2023 2023 2022 Nots Current awt• Stocks Oebtors Current asset inve8tm8nts Cash at bank and in hand 10 11 12 22,920 58,368 6,941 100,000 396,890 200,000 272,567 801,961 562, 199 Credllor8', amounts falling due thIn one year 13 17,614) (4, 486) Not ¢urvont a88ot• 494,337 557,713 T*)tsl not I• 494,337 557,713 Charlty fund• Rostrtcted funds Unregtrtcted funds 14 14 89,186 435,152 121,585 436, 128 Totsl fund• 494,337 557, 713 The Company was enblled to exemption from audil under 8eclion 477 of the Companie8 Act 20Ce. Thè members have not required the company to obtain an audit for the year in question in accordance with sèction 476 of Companies Act 20C6. The Trugtse8 acknoYAedge their re8ponsbililies for complylng bmlh the requiremen18 of the Act with re$pKI to accountlng records and preparation of flnancial stalomenls. The financial statements have been ppared in aLxordance wth the provislons applicable to ontities $ublect to the small companies regime. Tho finan¢lal ststements y approved and authorised for issue by the Trustses and signed on their behalf by: K Houn8omo Ichair of Trustees) Date.. 09107/2024 The notes on p4e8 18 to 30 form part of these financial statements. Page 16
NORWICH FOODBANK IA company Ilmltsd by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 Ca•h flo from op•rntlng ctlvltle• Nel cash used In operatlrbg activitles 128,706) 195,967 C•8h flow• from Invo8tlng a¢tlvltlo8 Purchase of Current asset investments Interest recelved {100,0001 5,389 264 N•t ¢a•h lu•od Invprovlded by lTrvMtlng 8Ctlvttlo• 194,8111 CMh flo from Ilnlnclng a¢tlvltlo• Interest pald (3,006) (173) N•t ¢•h u••d In flnanclng acllvlUo8 13,0061 1173 Chango In ¢a•h and ca•h •qulval•nts In th• y•af Gash and cash equivalents at the beginning of the year 1124,323) 398,890 196,058 200, Ca•h and ¢a•h equlval•nt• at th? ond of th• y•ar 272,567 396,890 The notes on pages 18 to 30 form part of these financial statements Page 17
NORcH FOODBANK IA company Ilmllad by guarants•l NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 OCTOBER 2023 G•noral Inforn)atlon Norweh Food Bank 18 8 regi81ered charity limil&J by shares domiciled in England and Wale8, charity registration number 1143528 and company regislrallon number 070519*. The registered office is Henderson Business Centre, Ivy Ro&#, Notw¢h, NR5 8DF. A¢¢ountlng poll¢le• 2.1 B•il• of preparatlon of Ilnanclal •tat•m•nts The financial statements have been prepared In a¢¢ordance wlh the Ch8ri1ies SORP IFRS 1021- Accounting ano Reporting by Charilles.. Statement of Recommended Practice applicable to ¢harille8 prèparing their a¢¢ounl$ in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 arHJ the Companies Act 20C6. NOch Foodbank meets the definition of 8 public benefit 8nllly under FRS 102. Ag8els and liabilits'es are initially cOgnised at historical cost or transaction value unless othewse staled in the re18vant accounllng pollcy. 2.2 Oolnq conc•m After making appropriate enquirie8. the Tru8te88 have a reasonable exwctation Ih8t thé Company ha$ adequate resources lo o)ntinue in operational existence for the foffj$eeable future. For thi6 reason, they continue to adopt the going con¢em bass in preparing the flnan¢lal Statements. Further detslls regArding the adoption of the goin9 Cortern basis can be found In the accounting policie8. 2.3 In¢om• All income is recognlsed oncè th& Company h88 entitlament lo the Income, it 15 probable Ihal the Income wll be received and the amount of income receivable can be mea8ured reliably. Grants are Included in the Statement of financial aclivStie8 on a recelvable basis. The b81ance ol income received for 8Fecifi¢ purposes bul not &xpended during the period ig shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is defe¢d and included in ¢reditors as deferred income. Where entitlement o¢¢urs before income is received, the income is ac¢ru&J. Gifts In knnd donated for dlstribution are Included at valuation and rewni8ed as income on receipt of the goc>d8. 2.4 Expendllur• ExFendltUf8 is roGognised or8 therè 18 8 18gal or con#truetivo obligation to transfer ¥¢onomlG benefll to a third party, il is probable that a transfer of economiG benefits wll be required in 8ettlement and the amount of the obligation can te measured reliably. Expenditure is classified by activity. The costs of each activity a made up of the total of direct costs and shared costs, in¢luding 8UPPOrt costs involved in undertaking each activity. Direct ¢osts attributable to a single actsvity are allocated directly lo that activity. Shared ¢osts lch contribute to more than one activity and support costs which are Th)1 attributable lo a single a¢tivity are apportioned bewn those activities on a basis ¢¥$1stent with the use of resour8. Central staff costs are allocated on th8 basis of time spent. and depreciation charges allocated on the portion of the asset's use. Page 18
NORcH FOODBANK IA ¢ompany Ilmltsd by guaranto•1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng pollcle8 (contlnued) 2A Expendltur• {contlnued) Expenditure on chadlable activities is incurred on directly undertaking the activities which further the Company's obje¢lives. as well as any a8]Ciated support ¢08ts. All expenditure is inclusive of irrecoverable VAT. 2.5 Intsrn•t r•¢?Ivablo Interest on funds held on depo811 Is indudad receivable and the amount can b& m8a8ured reliably by the Company., this is normally upon nollfieation of the Inte$1 Pald or payable by the institution with whom the funds are deposlled. 2.8 Stock• stk8 are valued using the price per kilogram recommended by Trus8611 Trust, Durlng th1$ year and the prior year the price per kilogram was £1.75. 2.7 Dobtor• Trade and other debtors are Ognised at the Settlement amount after any trade dlscount offered. Prepayment8 are valuod al the amount prepgid nat of any trade dl8Gounts due. 2.8 Cash at b•nk Ind In hand Cash 8t bank and In hand includes cash and ShOrt-te highly liquid investments wth a short maturity of three months or 1888 from the dale of acqui81tlon or opening of the deposst or 8imll8r account. 2.9 Llbllltlo8 and provl•lon• Liabilitie8 are cOgnised en the1$ an obligation al the Balance sheet de as a result of a past event. il 18 probable that a transfer of economic benefit will be required in settlement, and the amount of the 8ettlemenl can be estimated reliably. Llabllities are rècognised at the amount thal the Company anticipates It wll pay lo settle the debt or th& amount it has receNed as 8dvanced payments for the gcrfjds or seNi¢e8 Il must provide. Provlsion8 are mea5ur8d at the best estimate of the amounts required lo settle the olgatIOn. Where the effect of the time value of money 1$ material, the provision is ba8ed on the present value of those amounts, discounted al the P•X discount rate that reflects the risks specific lo the liabilily. Th8 unwnding of the discount 18 recognised In the Statement of flnan¢ial actlvltses 8s flnance co¥t 2.10 Pon8lon• The Company oper*es a defined conlribution Fension scheme and the pension charge repre8ents the amounts pay8ble by the Company to the fund in respect of the year. Page 19
NORWICH FOODBANK IA Company Ilmhod by guaranto01 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng pollclw (continued) 2.11 Fund accountlng General furKls are unrestri¢led funds %thi¢h are available for use at the discretson of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Restricted funds are funds vthich are to be used in accordance wth speafic restrictions irnwsed by donors or lch have been raised by the Company for particular Pufposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of exh restrided fund 1$ Set out in the notes to the financial statements. Investment inccffie, gains and losses a allocated lo the appropriate fund. Income from donallons and l¢gacl88 Ro8trl¢tsd Unre8trlcted funds funds 2023 2023 Total funds 2023 Donatlon8 General donations Donated gwds for distribution Don*ed se¢vice$ 235.9)0 261,043 235,91)0 261,043 Totsl donallons 496,943 496,943 Grants 76,740 10,800 87,540 76,740 507,743 584,483 Page 20
NORWICH FOODBANK {A company Ilmltsd by guaranto01 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Income from donatlon• and Iggaclos (contlnued) Restricted Unr•striGted funds funds 2022 2022 Total fvnds 2022 Donatlon• General donations OIM8led good8 for distribution t)onaled 8ervico9 181,477 208.044 7,375 181,477 208,044 7,375 Total donatlon• 396,896 396,896 Grants 172,346 31,452 203, 798 172,346 428,348 600,694 Invo•lmont Incom• Unre•trlcted fund• 2023 Total fund8 2023 Investment Sncome - bank inte8t 5,389 S,389 Unrestrict8d funds 2022 Total funds 2022 Investment income - bank interest 264 264 Page 21
NORWICH FOODBANK {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Analy818 of pondIre on charltable actlvltl88 Summary by fund type RoStrlctod Unr&8trlcled funds fund8 2023 2023 Totsl 2023 Total costs 139.140 514,108 663,248 Restricted Unrestricted funds funds 2022 2022 Total 2022 Total costs 71,708 355.556 427,264 Analy818 ol expendlturo by actlvttlo8 Actlvltle8 undertakgn dirnctly 2023 Support Costs 2023 Total funds 2023 Providing food 489.573 163,675 653,248 Activiti8s und6rt8ken diTrctly 2022 Support costs 2022 Tot81 funds 2022 Providlng fooJ 326,914 100,350 427,264 P&Je 22
NORcH FOOD8ANK IA company Ilmltsd by guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 AnY4ly•l8 of oxp•ndlture by actfvltl•• (contlnu•dl Analy•l• of dlroct co•t• Total fund• 2023 Total funds 2022 Food glvon out Transport ar travol Energy Bank FISH holiday projeel Flnanclal Inclulon Project Citlz&n¥ Advi¢e project Volunteerl$taff expenses Warehouse supplles Di81ribution c8ntr88 Shelter project 341,087 2,410 10,959 3,623 6,108 33,612 2,047 6,478 13,660 89,589 241.856 3.083 16,305 5,118 6,020 40,807 3,074 3. 824 6,827 489,373 326,914 Page 23
NORWICH FOODBANK IA ¢omp•ny Ilmltsd by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Analy•18 of expendlture by acllvltles (contlnued) Analys18 of support costs Totsl fund8 2023 Tot81 funds 2022 Slaff costs Trainingldevelopment Office rènt and admin Charges 72,203 1,082 68A15 58,236 415 26,848 p ii Office running expenses Insuran SubKription$ Advertising and publicity Acts 435 Professional fees Examiners fees Bank charges 5,662 727 1,103 4.986 3.339 617 578 1,823 1, 984 2,637 1,568 4,080 3,6 173 163.675 100,350 Ind•p•ndent examlnorfs remunerallon The independent examiners remuneration amounts to an independent examiner fee of £4,08012022 - £3.9001. Staff co8ts 2023 2022 Wages and salaries Contribution lo defined contribution penson schemes 67,880 4.323 56. 762 1,474 72.203 58,236 The average nurnr of perxjns employed by the Company during the year was as follows.. 2023 2022 No. Staff Page 24
NORWICH FOODBANK (A company Ilmltod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Stsff ¢08ts {¢ontlnuod) No employee ceiVed remuneration amounting to more than £60,000 in erther year. The charity Considers lh the key management personnel comprise the Iruslee8 and senior management team. The total employee tnefils of key management F¢f50nnel of the charity were £32,90112022'. £28,443) Trustees, remunorallon and oxpen8e8 During the year, no Trustees received any remuneration or other benefits (2022- £NIU. During the year ended 31 Octoter 2023. no Tnjstee exFénse$ have been incurred f2022- £NIU. 10. Stocks 2023 2022 Food for distributlon 22,920 58.368 11. Debtors 2023 2022 Due wlthln one year Other debtors Prepayments and accrued income 6.300 t.441 6.941 Page 25
NORWICH FOODBANK IA cornpany Ilmlted by guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 12. Currnnt a••et Inve•tments 2023 2022 Cash held on deposit 200,000 100,000 13. Crodllor•: Amounts falllnq du• vAthln ono y•ar 2023 2022 Accruals and deferred income 7,614 4,486 Pe 26
NORWICH FOODBANK (A company Ilmltsd by guafantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 14. Slatom•nt ol lund• statomont ol lunds . curront y•ar Balanc• at 1 November 2022 Balanc• at 31 October 2023 Income Exp•ndlturo unre8tr1ct lund• General Funds 438,128 613,132 1614,108) 436.152 Re8trlctsd lund• Financlal Inclusion Projeot Tru8sel Tru8t Pathflnder Energy Bank FISH Hollday Projeot Norfolk Household SuppJrt Fund NoThMch West Lions- Christmas pr88ents NCC he8ting grant 91,888 83,OlXI 1109,3091 19,000 16,383 13,623) 18,076) 1760) {2,0001 46,577 3,788 16,661 8,2150 2,598 12,433 1.175 750 121,$86 78,740 1139,140) 69,186 Total of fund• $57,713 $89,872 {863,2481 494,337 Flnanclal Inclu8lon Projoct & Cltlzen• Advlc• - Grant funding from Trus8ell Trust to employ advisors from Citizen'$ Advic8, Shelter and British Red Cr088 to support foodbank clients and those at risk of needlng the foodbank wlh income maximisallon, debt management and related mattets. Further detslls can b& found on page #. FISH Holldoy Prolttt - FISH is 'FooJ {and Fun) In School Holidays,; Norwch fo(>abank partners wth IcThl churches, h0O18 and community groups lo provide free ftrgd and activities lo low income families in the school hdidays. Further details can be found on page 8. Norfolk Hou•ohold Support Fund - Funding for households in Norfolk lo help wth food and utility Page 27
NORWICH FOODBANK (A company Ilmlted by guar•ntw) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 14. 8tst•m•nt of lund81conllnuedl Ststsmont of fund• - prlor year 8818nce at l November 2021 Balance at 31 October 2022 Inccvne Expandtture Unro8lrlct0d fund• General Fundg 363,072 428,612 (355, 556) 436, 128 Ro•lrfct•d fund• Flnanclal Inclu81on Project Trus8el Trust Pathfinder Energy Bank FISH Hollday Prolecl Norfolk Household SupFQrt Fund NoAch West Lions- Chri8tma8 prosents Norfolk County Councll - Wlnter Allowancè NCC heallng grant 97,906 38,515 6, 900 3, 025 14,000 (6,020) (38, 515) (6, 305) (5, 118) (5. 750) (5,000) (5,000) 91,886 3, 193 17,754 3, 788 15,661 8,250 5,000 20,947 IT2,346 (77, 708) 121,585 Totsl of fund• 384.019 600, 958 (427, 264) 557,713 16. Analy8h of not b•two•n fund• Analy•l8 of nat amots betw••n fund• - curronl yoar Rmtrlcted Unr08tr1ct8d fund8 fund8 2023 2023 Totsl fund8 2023 Current assets Cr&ditor8 due within one year 59,185 442.786 (7,8141 601,951 17.614) Total Sg,185 435,152 494,337 Page 28
NORWICH FOODBANK IA Company Ilfflltsd by guarnnts•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 15. An•ly818 of net as••ts b•ts•on funds {eontInu) Analy•l• of net ass•ts bots*on fund• - prlor y•ar RgStri¢ted Unrestr funds funds 2022 2022 Tot81 funds 2022 Current assets Creditors due vAthSn one year 121,585 440,614 (4,486) 562. 199 (4,486) Total 121,585 436, 128 557, 713 18. R•conclllatlon of not movem?nt In fund• to not ¢a•h Ilow from oporatlng actlvltl•• 2023 2022 Nel incomelexpenditure for the year la8 per Statement of Flnanclal Activiti881 163,3761 173.694 AdJts•thionts lor: Interest paid Interest received Decrea8e in stocks Decrea8ellincreasel in debtors Incre88e In creditors 3,006 {5,3891 173 (264) 21, 124 13.041) 4,281 477 3,128 N•t ¢a•h provlded byl(u8od In) oyratlng actlvltl•8 126,706) 195,967 17. Analy•l8 of ¢a•h and ca8h oqulvalents 2023 2022 C8sh in hand Z72,567 396,890 Total cash and cash oqulvalents 272,567 396,890 Page 29
NORWICH FOODBANK IA Company Ilmltod by guarnntO01 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 18. Analy818 01 Change• In not debt At1 Novembfrr 2022 Ca•h Ilow• At31 O¢tob?r 2023 Cash at bank and In hand 396,890 {1243231 272,667 396.890 1124,323 272.567 19. Pon•lon commltmont• The Charity operate8 8 defined contrlbuuon Scheme In re8pecl of certain employees of the Charlty. Employer contribullons are charged in the accounts as incurred and totalled £4,323 12022.. £1,474). There were oul8tandlng conlributsons at the balanc8 Sheet date of 31 October 2023 of £38712022.. £2931. 20. R•lat•d party tran••¢tlon• Th8 Company has not entered into any related party Iran8action during the year, nor are them any outstanding balances owng be8n reLqted parties and the Company at 31 October 2023. Pe 30
NORWICH FOOD8ANK IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 Norwich foodbank Is a local Chrf8llan charfty and 18 part of tho Tru88ell Trust'8 UK-wldo foodbank notIk that holps local church•8 and communltlo8 to opon foodbank8, proylding emergency food to thou8and8 of peopl8 every year. PATRONS Rt Rovd. Graham U8her, 818hop ol NorvAch Dolla Smlth CBE Su•an Hlll DBE Norwich foodb CONTACT Us: Norwleh foodb•nk H•ndernon Bu•lno•• C•ntr• 51 Ivy Road Norwlch, Norfolk, NRS 8BF T•1: 0300 386 1123 Emall: admln norwl¢h.foodbank.ory.uk Wob•lt•: htW:Ilnorwl¢h.foodbank.org.ukl Llko us on Facebook: Norwlch foodbank UK Follow ug on Twlttor: normchfoodbank Follow u8 on Instagr•m: Follow u• on TlkTok: norwlchfoodbank nor¥ylGhfoodbank Reglstsrad charlty number: 1143528 s*edod by the trussell trust