**Registered number: 07051996 Charity number: 1143528** ## **NORWICH FOODBANK** ## **(A company limited by guarantee)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **NORWICH FOODBANK** ## **(A company limited by guarantee)** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Company, its Trustees and advisers**|1 - 2| |**Trustees' report**|2 - 12| |**Independent examiner's report**|13 - 14| |**Statement of financial activities**|15| |**Balance sheet**|16| |**Statement of cash flows**|17| |**Notes to the financial statements**|18 - 31| **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2024** |**Trustees**|G W Beckingham| |---|---| ||K Davies| ||R Graham| ||F Haworth| ||K Hounsome| ||J Thorne| ||D J Osborne| ||R J Paraschivu| |**Company registered**
**number**
07051996
**Charity registered**
**number**
1143528
**Registered office**
Henderson Business Centre
Ivy Road
Norwich
Norfolk
NR5 8BF
**Accountants**
Larking Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwich
NR1 1RE|| Page 1 **NORWICH FOODBANK (A company limited by guarantee)** **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **FOREWORD BY THE CHAIR OF TRUSTEES:** As always, I want to begin this Foreword by thanking all those who have contributed so generously to our work, whether that be through donations of food or money or through their time. We are so grateful for everyone’s contributions, without which we would not be able to provide the service we do for all those in Norwich and the surrounding area who need us. Our primary activity is of course to provide food for those in need and in this respect the call on the Foodbank is not reducing. Realistically, this demand is unlikely to reduce in the near future as people continue to find it difficult to afford the basics of life. Support from the community is therefore as important as ever. Increasingly, the Foodbank is doing more than simply providing food. This Annual Report will go into detail but just to say here that we are doing more and more to help people avoid the situations that can lead to them seeking our support in the first place. We now have workers from Age UK, British Red Cross, Citizens Advice, Shelter and Your Own Place based in our Distribution Centres ready to offer advice on resolving the financial and other problems that our clients may be facing. And we also want to engage more effectively with those who seek our help in order to understand their needs more fully. I also want to recognise the continuing hard work and dedication of our staff: Hannah our Project Manager, Keith our Warehouse Manager, Rachel our Administrator, Kathryn as our Project Officer and Jon as our Volunteer and Campaigns Coordinator. They are an amazing team as are our band of volunteers in whatever role they have within the Foodbank, whether based in the Distribution Centres, the warehouse or the office or in helping with such as collections and deliveries. We are so grateful for the time you give so freely to the Foodbank. And lastly to thank all my fellow trustees for their work and support. They all contribute in a range of ways to ensuring the effective management of the Foodbank and in maintaining the Christian ethos that is its foundation. Keir Hounsome Chair of Trustees 15th July 2025 2 **NORWICH FOODBANK (A company limited by guarantee)** **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **STATEMENT:** The Trustees present their annual report together with the financial statements of Norwich Foodbank for the year 1 November 2023 to 31 October 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the Foodbank’s governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 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 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. ## **OBJECTIVES AND ACTIVITIES:** ## a. Policies and objectives In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. The objects of the Foodbank are to relieve persons in the United Kingdom and elsewhere in the world who are in conditions of need, hardship or distress. ## b. Strategies for achieving objectives Norwich Foodbank operate a system of collecting non-perishable food by public donation at supermarkets, from churches and other sources. The produce is distributed as emergency parcels sufficient for an individual or family to cover a period of 3 days. ## **PRINCIPLE RISKS AND UNCERTAINTIES:** The principal risks facing the Foodbank and the steps to mitigate them are: - Þ Donor fatigue. We therefore seek to maintain good relationships and communications with our donors, seek new donors through positive and ongoing publicity and also maintain a high level of reserves - Þ Loss of key staff. We seek to be a good employer with an attractive employment package. We also have regular appraisals for staff - Þ Failing income. We have detailed financial monitoring reports at all our Trustee meetings and maintain appropriately high level of reserves. As above, we also seek to maintain good relationships with donors - Þ Volunteer fatigue. We have a large base of volunteers so seek to maintain thorough recruitment and induction processes and regular appreciation to maintain and grow relationships and encourage good communication 3 **NORWICH FOODBANK (A company limited by guarantee)** **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **RELATIONSHIP WITH TRUSSELL TRUST:** We continue to operate as a media centre for Trussell Trust, being a trusted Foodbank for local and national press or other media enquiries. We are among the thirty biggest Trussell Trust Foodbanks nationally—out of the network of approximately 420—which relates to the number of people we are feeding annually and the amount of food donated and redistributed. The Project Manager and a Trustee attended the Trussell Trust national conference and the Project Manager, Project Officer and Volunteers and Campaigns Coordinator attended several online and face to face Norfolk cluster meetings and Pathfinder specific meetings during 2023 and 2024. Attendance was also at several ‘Learning Labs’ as part of the Pathfinder programme ending in 2025. In November 2023, Norwich joined Trussell Trust’s Organising and Local Mobilisation (OLM) programme with a newly appointed member of staff (Volunteer and Campaigns Coordinator) taking the lead in this. There have been several specific OLM meetings both online and in person and a dedicated WhatsApp group was set up to share learning. During this reporting period, we continued to be part of Trussell Trust’s Pathfinder programme, actively exploring how to move closer to a future without the need for Foodbanks. The Pathfinder programme formally ends in 2025 but Norwich are committed to continuing in it’s learning and embedding of various projects that were started under this umbrella. In this reporting period, our Project Manager attended a dedicated Pathfinder conference in February 2024 and was on a speaker’s panel to talk about the work Norwich had done with referral agencies. 55 Foodbanks are currently on the Pathfinder programme so these events were opportunities to discuss, learn and share ideas with each other among the themes of referral pathways, participation, church and school engagement and Financial Inclusion—all of which we are exploring. Norwich Foodbank maintains an excellent relationship with neighbouring Foodbanks in Norfolk and Suffolk, as well as with Trussell Trust head office staff, including the East of England Area Manager. In the period of 1[st] April 2023 – 31[st] March 2024, Trussell Trust Foodbanks in Norfolk distributed 41,297 parcels. Within that figure, Norwich Foodbank gave 13,276 parcels: 32% of the county’s total. ## **AREA SERVED:** Norwich Foodbank supports local people in crisis in the Greater Norwich area, covering approximately 479 square miles. We operated out of the warehouse, office and 11 distribution centres. We continued to utilise strong links with churches and volunteers in the Loddon and Poringland areas that hold emergency food parcels, delivering to local households referred to us. Clients are issued a voucher by a care agency or care professional for 3 days of food. The warehouse is staffed with volunteers Monday – Friday to maintain the workload and professionals can attend on behalf of their clients to collect food. A few of our busiest care partners hold food parcels on their premises to distribute to clients, still using the voucher system. The Rt Rev Graham Usher, Bishop of Norwich, visited in October 2024 and said, ‘My prayer today, above all, is that this place shouldn’t exist. If we did not need a Foodbank, my goodness we would be in a better place as a society.’ The Foodbank office is staffed Monday - Friday 9am – 4pm and the Project Manager has an on-call mobile which is available 9am – 5pm Monday – Friday, excluding Bank Holidays. 4 **NORWICH FOODBANK (A company limited by guarantee)** **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **FOOD COLLECTION:** The majority of food received is from public donations through collection points across Greater Norwich. Over 127 tonnes (with an estimated value of £301,983) came into the warehouse during the financial year 2023/24, a small increase on 2022/23. Donations came from over 200 different donors including individuals and groups. Trussell Trust values one kilogram of donations at £2.37 and we use this calculation in determining the value of our stock and donated food. It was increased from £1.75 in September 2022 following the monitoring and review of the cost of items used to make up a food parcel and increases to £2.77 from October 2024. We are extremely grateful to the Trussell Trust, Tesco and Asda for the financial top-up we receive. This is based on donations made and equate to around £2,000 per quarter. We collected ahead of the Norwich vs Rotherham match at Carrow Road in March 2024, generating over £600 in financial gifts and 231kg in physical donations. We held in-person collections at Morrisons Riverside, Tesco Sprowston, Waitrose Eaton and Asda Hall Road with customers and staff donating a combined total of over 1.9 tonnes and over £1,000 in financial gifts. We have continued to receive deliveries, via Bankuet, an online charity that buys in bulk so each £1 spent buys more than £1 of produce. We have encouraged new donor support and have a large number of donors directly through Bankuet, collectively giving £1,150 per month. We also receive one-off gifts through Bankuet enabling us to buy more than £17,000 of products in this period. We have built on our relationship with Aldi, ordering in bulk, which has helped us keep low stocked items topped up. ## **FOOD DISTRIBUTION:** In our financial year 2023/24, over 121 tonnes of food went out of our warehouse. 89% of this was in the form of 3-day food parcels, toiletries and extra food items. The remainder went to other Norfolk Foodbanks, projects including FISH clubs and to other partners in the local area including councils and temporary accommodation settings. During this reporting period, we have operated out of 11 distribution centres, strategically placed within our geographical patch: - Alive church on Nelson Street* - Bowthorpe Church in Bowthorpe - Mile Cross Methodist Church in Mile Cross - New Hope Christian Centre in Lakenham* - Norwich Central Baptist Church in the city centre - Oak Grove Community Church in Catton* - St Elizabeths Church in Earlham - St Peter Mancroft’s Chantry Hall in the city centre - Witard Road Baptist Church in Heartsease - Wroxham and Hoveton United Reformed Church in Wroxham - Wymondham Baptist Church in Wymondham Three centres (*) provide a free hot meal to all those accessing the Foodbank at the point of delivery and all centres offer light refreshments. Chantry also offer toast and porridge pots to those accessing their session on a Wednesday and Saturday morning. We are incredibly grateful to all the venue hosts for their support, enabling us to deliver a face-to-face service within our community. 5 **NORWICH FOODBANK (A company limited by guarantee)** **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **PEOPLE SERVED:** In this financial year, Norwich Foodbank gave out food parcels to enable 13,173 people (including 4,439 children) to be fed for 3 days each. This is an overall increase of 10% compared to our last financial year; the number of children equates to a 0.7% increase in the same period. Emergency Foodbank vouchers were fulfilled by 6,108 households this year, with 1,977 coming for the first time during this period (a very small decrease on our 2022/23 data). On average, 59% of recipients needed to visit us once only and 19% came twice. 50% of people helped were in a household with at least one person aged 25-64 years old; 2% were over the age of 65 years; 25% were single adult households. The primary reasons for client referrals this year were: - Þ rising cost of essentials (21%) - Þ ongoing impact of physical or mental health condition (13%) - Þ combined reasons related to benefits (11%) - Þ priority debts (9%) ## **REFERRAL PARTNERS:** We have over 200 partner agencies who can issue vouchers to clients they are working with and 5,752 vouchers were issued within this financial year. Norfolk Citizens Advice, Change Grow Live, Shelter, Probation, Cambridge Community Services (Health Visitors and 0-19 service) issued the most vouchers in this period. 185 vouchers were issued by staff / volunteers in the Foodbank; these vouchers account for a small proportion of self-referrals, but mainly agencies who aren’t signed up to the Trussell Trust’s online e-referral system. Funding to continue partnerships with British Red Cross, Citizens Advice and Shelter has been secured up to March 2025. This goes alongside shorter-term funding (up to March / June 2025, at varying sites) for a partnership with Your Own Place to be present in centres. In the period immediately after this report, Your Own Place have been commissioned to help lead on our Lived Experience work. We are pleased to continue to receive support from one further Shelter staff member who volunteers their time at 1 distribution centre. Between the paid partnerships, we now have advice and support representation across all 11 centres at least once a fortnight. A bi-monthly partnership meeting has continued and a new online ‘Multi-disciplinary Team meeting’ (MDT) has also been convened to discuss specific clients and issues. Both meetings help to build relationships between each service and more effectively co-work on cases ensuring the right advice and support is in place at the right time. All partners continue to make and accept referrals through NCAN (Norfolk Community Advice Network) and operate a ‘no wrong door’ approach— they work with and for the Foodbank and the mutual client, regardless of their specific employer, when present in distribution centres, We have voluntary arrangements in place with 2 further partners: Age UK Norwich (which ended in the period immediately after this report due to an organisation restructure and their outreach service stopping), Norfolk County Council Early Family Help Hubs and Norfolk Community Law Service (NCLS). This combined support is invaluable, ensuring everyone who attends Foodbank can speak to a trained partner about issues they are facing and the agency can either work with them or signpost to another partner—often also in attendance or via NCAN so the client doesn’t need to re-tell their story. We are also in discussion with other agencies around addiction and mental health, to ensure a broader wealth of expertise and support is available on-site at our distribution centres. We have continued as an advocate of Christian charity Acts 435, to enable us to post requests for support for specific items for clients (anonymously) which donors can choose to donate towards. In this period, we were successful with all 22 requests totalling £4,245 including baby essentials, equipment and travel costs for a school trip, garden clearance, a new oven, travel and a hotel for attending a family funeral. 6 **NORWICH FOODBANK (A company limited by guarantee)** ## **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **SUPPORTERS and DONORS:** We have appreciated new supporters and existing ones continuing to give during this year, including private individuals, churches, companies and other charities for which we are very grateful. In October 2024, we were pleased to partner with Norwich Theatre Royal for a two-week long collection, including 5 pre-show manned collection points for the musical ‘Come From Away’. It talked about kindness and supporting strangers which fitted so well with our charity’s work and we were very grateful for the donations received and the free tickets for volunteers who manned the collection points—it was an excellent show! We have noticed a decrease in the amount of donations received throughout the year, especially when compared with the amount of food parcels going out, which has not reduced by the same amount. There has also been an increase in the costs of certain items—particularly tinned meat with percentage increases seen between October 2023 and May 2024 varying from 8%-37% across different supermarkets and suppliers. We have new relationships with the wholesaler arms at Morrisons and Iceland and a wholesale broker called Ankose meaning we can purchase items at a lower cost than on the shop-floor, alongside donations bought using financial gifts through Bankuet. We have budgeted a larger amount for food purchases in the coming financial year. During the course of this year, we received food donations from 80 churches, benefices and religious groups, 52 businesses and 34 schools, as well as 40 different supermarket collection points and numerous private individuals. We are pleased that financial giving has remained reasonably stable, with monthly donors giving through PayPal, Local Giving, direct debit and cheque. Our quarterly Prayer and News letters go out to almost 200 people and we have good links with many local churches who support us with donations, gifts and prayer. In May 2022, we joined ‘Bank The Food’ which is a free app we update with our most needed food and toiletries items and users who download it can immediately see what’s top of the list. They can also choose to receive alerts when entering a supermarket that reminds them to donate to us. We now have 653 ‘followers’ who are updated with our needs each week. Following the change in shopping habits during and post pandemic, many donors converted their physical food donation to a financial one. Due to personal circumstances, we have heard from a few donors who have stopped giving financially, but have had new standing orders start during this period. We are incredibly grateful to all who give, in whatever capacity. ‘I would like to thank all the [people] concerned and particularly [Citizens Advice worker] who I met for all the help and support he sent me. I am so appreciative to receive this info and advice that I really didn’t have a clue was available.’ Foodbank recipient ‘Thanks for the news of what’s been happening previously. I’ve enclosed my usual cheque plus Gift Aid. You’re all still doing a grand job, well done and thanks to you.’ Foodbank donor ‘A couple of things I wanted to say, the first was thank you! I was in a horribly dark place that day [collecting a food parcel] and a simple conversation with a human made a real difference to me.’ Foodbank recipient 7 **NORWICH FOODBANK (A company limited by guarantee)** **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **PROJECTS:** **FISH** – Food (and Fun) In School Holidays was launched in May 2014 providing a free hot meal and free fun activities to low-income families. In 2023/24 clubs in 4 areas took 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 deliveries of packed lunches, recipe kits and activity packs. Thorpe and Queens Hill, arranged by school staff, did in-person provision of meals and activities. **Christmas** – Since 2013, we have been a conduit between people wishing to give and people going without at Christmas. After a successful pilot in 2020, we used a digital Giving Tree where requests are listed on a website and donors could choose which gifts they would buy and then drop off at the warehouse. This worked very well with 197 individuals listed in 2023 and the majority were ‘taken’ by donors, with the remainder covered by financial donations which we used to purchase gifts. We received a large donation of stationery and fairy themed items from a local business which was closing and all products were donated to us to pass on. Gifts were distributed via 8 different agencies / partners including children’s centres, schools and young people’s services. Several donors pledged their support for future years too. **Energy Bank** —This started in 2017 and supports clients with a one-off emergency gas / electricity payment, alongside a Foodbank parcel. Funding was received from Norfolk Community Foundation for the winter months (November—March) but due to ongoing emergency demand, private donations funded ongoing energy payments throughout 2022 and the start of 2023. In May 2023, we joined Fuel Bank Foundation (FBF) who can provide assistance with gas and electricity vouchers, free of charge to ourselves. During this reporting period, we received 240 requests for support, with 55 refused due to being out of the Norwich Foodbank area or because the client is not in ‘fuel crisis’. Over £10,000 of grants were funded by Fuel Bank Foundation to clients, with amounts given varying from £30 to £89 as the amount given ‘flexed’ throughout the year. Norwich Foodbank funded an additional £3,200 for clients who were unable to use FBF. ‘You know I love what I am able to do for the Foodbank so it is a double blessing to be thanked for it.’ Foodbank volunteer ## **COMMUNITY ENGAGEMENT:** We welcomed several groups into the warehouse during the course of this financial year. They included ’regulars’ GoodGym, Sprowston Junior pupil ambassadors and various teams from Aviva, as well as new groups including several new Scouts, Cubs, Brownies and Guides groups. Our Project Manager gave presentations to several groups throughout this financial year including at the Dean’s breakfast at Norwich Cathedral, U3A (University of the 3rd Age), Trefoil Guild, Women’s Institute, two church breakfast events and leading the service at Ipswich Road Methodist church. Our Volunteers and Campaigns Coordinator spoke at several school assemblies, attended a ‘poverty breakfast’ organised by the Bishop of Norwich, hosted a group of high school students at our warehouse and supported a group of singers in Wymondham who did a fundraiser for us. In the period immediately after this report, Trussell Trust commissioned a film for Norwich Foodbank and Farnworth and Kearsley Foodbank to visit each other and share their experiences of being in the Pathfinder project, in order to showcase Norwich Foodbank’s partnership working with agencies; this will be shared in the Spring of 2025. 2025 is the 15th anniversary of Norwich Foodbank and the Project Manager will seek to visit 15 other Foodbanks across Norfolk (and beyond) to gain insights into how they operate, what we could learn and develop in Norwich and to share good practice from our experiences. We continue to enjoy positive relationships with local supermarkets who have boosted low-stocked items, as well as providing gift vouchers and support to FISH clubs. 8 **NORWICH FOODBANK (A company limited by guarantee)** ## **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **CHANGES AND CHALLENGES:** In the period immediately after this report, Trussell Trust is going through a rebranding process—dropping ‘Trust’ and changing their logo—following concerns about online accessibility and how much the charity has changed and grown over its 30+ years of operation. As part of the Trussell Trust community of Foodbanks, we have made the branding changes too and will use this opportunity to remind and inform people of the services, partnerships and work we do that is ‘beyond’ the food parcel. In the past 5 years, we have significantly grown our external partnership working, as detailed in ‘Referral Partners’, and in the next financial year will be seeking to bring on new partners in a voluntary capacity to further support our mutual clients with mental health and addiction in particular as we have seen an increase in people presenting with challenges in these areas. Thanks to incredible generosity of financial gifts over the past few years especially, we are in a healthy position to continue our current services. However we must be mindful of the continued economic climate with increasing prices and how quickly funds can diminish particularly when buying in more stock than in previous years. Within our staff and volunteer teams, we have the opportunity both locally and nationally to communicate our shared vision with Trussell Trust of an end to the need for Foodbanks. The joint campaign with Joseph Rowntree Foundation of ‘Guarantee Our Essentials’ has been running since early 2023, with different iterations of ‘actions’ throughout this time including writing to MPs, signing a national petition and, following the calling of the General Election in 2024, writing messages of hope or challenge to the incoming government on a tablecloth at the Foodbank. We will continue to align with Trussell Trust national campaigns for change, as well as listening and responding to our local community with regards to changes that are needed across the Norwich Foodbank area. ## **WEBSITE AND SOCIAL MEDIA:** We continue to receive positive feedback and engagement on our social media content and, to date, have over 3,800 followers on Facebook, over 2,500 on Twitter and over 1,900 on Instagram. We have created a TikTok account and have 91 followers, with recent posts receiving over 1,900 views and a Blue Sky account now has 66 followers. We continue to keep updated news and information on our Trussell Trust template website at: norwich.foodbank.org.uk and utilise local press contacts including Greatest Hits Radio, EDP and Evening News and That’s TV. Our website’s ‘Contact Us’ function is working well with the equivalent of two messages per day coming through to the office, alongside phone calls and social media direct messages. ## **VOLUNTEERS:** During our financial year 2023/24 we were supported by approximately 180 volunteers. This number has remained steady and we are pleased to have good retention in all areas of the charity and new applications to join the volunteer team every month. Our foodbank relies heavily on the dedication and hard work of our volunteers. Their contributions are invaluable and play a crucial role in our operations. Volunteers assist with a wide range of activities, including sorting and packing food donations, distributing food to those in need, and helping with administrative tasks. Whilst it is not possible to place a monetary value on the time and effort our volunteers contribute; their impact is significant and deeply appreciated. The commitment and compassion of our volunteers enable us to support our community effectively and ensure that no one goes hungry. We did not hold our usual Volunteer Celebration meal during this reporting period, but this will resume during the next financial year. A weekly update email to all volunteers – active or not involved actively – from the Project Manager began in April 2020 and this has continued in order to help volunteers have a better understanding of all that we are doing, including client feedback and news. Many ex-volunteers and non-volunteer supporters have continued to receive this update at their request and the mailing list is over 250 people. 9 **NORWICH FOODBANK (A company limited by guarantee)** ## **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **LOOKING FORWARD:** We want to ensure we continue to speak to, listen to and speak up for those we serve at the Foodbank and are working more closely with Your Own Place on a new ‘participation’ thread of work, including gathering stories and testimonies of those we have supported and planning the inclusion of a ‘Lived Experience Panel’ to inform our Foodbank’s services and ideas for campaigns that would make the biggest impact on ending the need for Foodbanks. Change is possible, but only if we act together. We will continue to provide emergency food and other essentials (including toiletries, pet food and Energy Bank payments) to those in need in Greater Norwich and seek other options and partnerships to enable people to move out of their crisis as quickly, smoothly and easily as possible, as well as ensuring their story is heard and learnt from with the idea that we could save someone else from going through a similar situation and needing the Foodbank. In ‘Changes and Challenges’, the Guarantee Our Essentials campaign will continue throughout the next financial year, with a lobby day in Westminster in June 2025 at which Norwich Foodbank will be represented and expected follow-up action through debates and votes in the period after. As mentioned in our 2022/23 report, a new social supermarket in the NR5 area opened during this last period and the Project Manager is a Director, with the aim of ensuring help and support is available alongside low-cost food. We are looking at how best we can work together, inter-referring clients across our projects to ensure we help those in emergency need while the social supermarkets help those on a limited income but who are ’just about managing’. ## **INDUCTION AND TRAINING OF TRUSTEES:** Following positive interview and prior to appointment, prospective Trustees are invited to attend a meeting of the Trustees to see the board operate. Then, and following formal appointment, there is an induction programme that involves meetings with the Project Manager and Chair of Trustees to explain how the Foodbank works, our governance and other processes. Trustees are also encouraged to visit the warehouse and a distribution centre. Ongoing training is mainly provided through Trussell Trust online sessions designed for Trustees. ## **SETTING PAY AND RENUMERATION:** Along with other Foodbank staff, the Project Manager’s salary is reviewed annually in May (as well as in November in times of high inflation). Increases at least reflect changes in the CPI and regard is also had to the advertised salaries for similar roles in Trussell Trust Foodbanks and in other charities in the eastern region. 10 **NORWICH FOODBANK (A company limited by guarantee)** **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **FINANCIAL REVIEW:** ## a. Going Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Foodbank has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## b. Reserves Policy The Trustees have adopted a reserves policy to determine a minimum level of reserves that will ensure the Foodbank can adapt to future changes in patterns of income, and also react to unexpected significant expenditure demands. The Trustees have set a free reserves target to hold reserves of no less than 12 months of operational expenditure. Operational expenditure is defined as total unrestricted expenditure less the cost of donated food given out. The target at the year end was £150,000. Free reserves at 31 October 2024, excluding general reserves designated by trustees, amounted to £195,157 which exceeds the reserves target. During 2024 the Pathfinder funding for the Financial Inclusion Project came to an end. The trustees aim is to continue to fund these projects internally for the next three years, and as such have designated £364,000 to cover projected expenditure. 11 **NORWICH FOODBANK (A company limited by guarantee)** **———————————————————————————————** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT:** ## a. Constitution Norwich Foodbank is registered as a charitable company limited by guarantee and was set up by a Trust deed. ## b. Methods of appointment or election of Trustees The management of the Foodbank is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Trustees are appointed by a resolution of the Trustees. They are chosen with regard to their skills, knowledge and experience needed for the effective administration of the Foodbank. ## c. Statement of Trustees’ Responsibilities The Trustees (who are also the directors of the Foodbank for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Foodbank and of its incoming resources and application of resources, including its income and expenditure, 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 of the Charities SORP (FRS 102); · make judgments and accounting estimates that are reasonable and prudent; · state whether applicable UK Accounting Standards (FRS 102) 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 Foodbank will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Foodbank’s transactions and disclose with reasonable accuracy at any time the financial position of the Foodbank and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Foodbank and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 15th July 2025 and signed on their behalf: Keir Hounsome (Chair of Trustees) 12 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Independent examiner's report to the Trustees of Norwich Foodbank ('the Company')** I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 October 2024. ## **Responsibilities and basis of report** As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to 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's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 13 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report. Signed: Dated: 18 July 2025 Giles Kerkham FCA DChA **Larking Gowen LLP** Chartered Accountants 1st Floor, Prospect House Rouen Road Norwich NR1 1RE Page 14 ## **NORWICH FOODBANK** ## **(A company limited by guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2024** |**Note**
**Income from:**
Donations and legacies
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
14
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2024**
**£**
**158,187**
**-**
**158,187**
**180,374**
**180,374**
**(22,187)**
**172**
**(22,015)**
**59,185**
**(22,015)**
**37,170**|**Unrestricted**
**funds**
**2024**
**£**
**589,587**
**23,864**
**613,451**
**489,274**
**489,274**
**124,177**
**(172)**
**124,005**
**435,152**
**124,005**
**559,157**|**Total**
**funds**
**2024**
**£**
**747,774**
**23,864**
**771,638**
**669,648**
**669,648**
**101,990**
**-**
**101,990**
**494,337**
**101,990**
**596,327**|_Total_
_funds_
_2023_
_£_
_584,483_
_5,389_
_589,872_
_653,248_
_653,248_
_(63,376)_
_-_
_(63,376)_
_557,713_
_(63,376)_
_494,337_| |---|---|---|---|---| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 18 to 31 form part of these financial statements. Page 15 NORWICH FOODBANK (A ¢ompany Ilmited by guarantee) REGISTERED NUMBER: 07051996 BALANCE SHEET AS AT 31 OCT08ER 2024 2024 2023 Noto Current assets Stocks Debtors 10 11 43.206 64,496 450,000 90,144 22.920 6,464 ?00,000 272.567 Current asset investments Cash al bank and in hand 12 647,846 501.951 Creditors.. amounts falling due wthin on8 year 13 (51,519) {T.614) Net Current assets 596.327 494,337 Total net assets $96,327 494,337 Charity funds Restricted funds Unrestricted fuThYs 14 37.170 559.157 59,185 435, 752 14 Total funds 596.327 494,337 The Company was entitled lo exemption from audil under section 477 of the Cc¥npanies Act 20(￿. The members have {￿t required the cc4npany to obtain 8n audil for the year in questior) in accordance wlh section 476 of Companies Act 2(Th. The Trustees aCkrn￿edge their responsibdities for complying ￿1th the wuiremenls of the Act with respect lo accounting records and preparation of financial slatemenls. The financial statements have been prepared in aCcOrdar￿e with ￿ pmisions ap￿1¢able to enlities subject to the small companies regime. The financial slalemenls were approved and authorised for i￿e by the Trustees and signed on their behalf by.. K Houn50me (Chair of Trustees) Dale.. )LS The notes ￿ pages 18 to 31 form part of these financAal Statements. Page 16 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2024** |**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Purchase of current asset investments
Interest received
**Net cash used in investing activities**
**Cash flows from financing activities**
Interest paid
**Net cash used in financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 18 to 31 form part of these financial statements|**2024**
**£**
**46,538**
**(250,000)**
**23,864**
**(226,136)**
**(2,825)**
**(2,825)**
**(182,423)**
**272,567**
**90,144**|_2023_
_£_
_(26,706)_
_(100,000)_
_5,389_
**(94,611)**
_(3,006)_
**(3,006)**
**(124,323)**
_396,890_
_272,567_| |---|---|---| Page 17 **NORWICH FOODBANK (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **1. General information** Norwich Food Bank is a registered charity limited by shares domiciled in England and Wales, charity registration number 1143528 and company registration number 07051996. The registered office is Henderson Business Centre, Ivy Road, Norwich, NR5 8DF. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Norwich Foodbank meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **2.3 Income** All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Gifts in kind donated for distribution are included at valuation and recognised as income on receipt of the goods. Page 18 **NORWICH FOODBANK** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **2. Accounting policies (continued)** ## **2.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.5 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **2.6 Stocks** Stocks are valued using the price per kilogram recommended by Trussell Trust. The price per kilogram increased from £2.37 to £2.77 during the year. ## **2.7 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.8 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 19 **NORWICH FOODBANK** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **2. Accounting policies (continued)** ## **2.9 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.10 Pensions** The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year. ## **2.11 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 20 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **3. Income from donations and legacies** |General donations
Donated goods for distribution
Grants
General donations
Donated goods for distribution
Grants|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
-
258,976
-
309,588
158,187
21,023
158,187
589,587
_Restricted_
_funds_
_2023_
_Unrestricted_
_funds_
_2023_
_£_
_£_
_-_
_235,900_
_-_
_261,043_
_76,740_
_10,800_
_76,740_
_507,743_|**Total**
**funds**
**2024**
**£**
**258,976**
**309,588**
**179,210**| |---|---|---| |||**747,774**| |||_Total_
_funds_
_2023_
_£_
_235,900_
_261,043_
_87,540_| |||_584,483_| ## **4. Investment income** |**Unrestricted**
**funds**
**2024**
**£**
Investment income - bank interest
23,864
_Unrestricted_
_funds_
_2023_
_£_
Investment income - bank interest
_5,389_|**Total**
**funds**
**2024**
**£**
**23,864**| |---|---| ||_Total_
_funds_
_2023_
_£_
_5,389_| Page 21 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **5. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Total costs
Total costs
**Analysis of expenditure by activities**
Support
Support|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
180,374
489,274
_Restricted_
_funds_
_2023_
_Unrestricted_
_funds_
_2023_
_£_
_£_
_139,140_
_514,108_
**Activities**
**undertaken**
**directly**
**2024**
**Support**
**costs**
**2024**
**£**
**£**
518,474
151,174
_Activities_
_undertaken_
_directly_
_2023_
_Support_
_costs_
_2023_
_£_
_£_
_489,573_
_163,675_|**Total**
**2024**
**£**
**669,648**| |---|---|---| |||_Total_
_2023_
_£_
_653,248_| |||**Total**
**funds**
**2024**
**£**
**669,648**| |||_Total_
_funds_
_2023_
_£_
_653,248_| ## **6. Analysis of expenditure by activities** Page 22 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs** |Food given out
Transport and travel
Energy Bank
FISH holiday project
Financial Inclusion Project
Citizens Advice project
Volunteer/staff expenses
Warehouse supplies
Distribution centres
Shelter project
Your own place project
British Red Cross project|**Total**
**funds**
**2024**
**£**
**332,666**
**2,845**
**2,582**
**2,929**
**-**
**36,813**
**770**
**6,630**
**7,476**
**39,738**
**46,020**
**40,005**
**518,474**|_Total_
_funds_
_2023_
_£_
_341,087_
_2,410_
_10,959_
_3,623_
_6,108_
_33,612_
_2,047_
_6,478_
_13,660_
_69,589_
_-_
_-_| |---|---|---| |||_489,573_| Page 23 **NORWICH FOODBANK** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Staff costs
Training/development
Office rent and admin charges
Office running expenses
Insurance
Subscriptions
Advertising and publicity
Acts 435
Sundry expenses
Professional fees
Examiners fees
Bank charges|**Total**
**funds**
**2024**
**£**
**111,032**
**1,854**
**19,017**
**2,958**
**2,345**
**1,299**
**1,007**
**3,287**
**306**
**814**
**4,430**
**2,825**
**151,174**|_Total_
_funds_
_2023_
_£_
_72,203_
_1,082_
_68,415_
_5,662_
_727_
_1,103_
_4,986_
_843_
_-_
_1,568_
_4,080_
_3,006_| |---|---|---| |||_163,675_| ## **7. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £4,080 ( _2023_ - _£3,900_ ). ## **8. Staff costs** |Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2024**
**£**
**101,816**
**1,412**
**7,804**
**111,032**|_2023_
_£_
_67,880_
_-_
_4,323_| |---|---|---| |||| |||_72,203_| Page 24 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **8. Staff costs (continued)** The average number of persons employed by the Company during the year was as follows: ||**2024**|_2023_| |---|---|---| ||**No.**|_No._| |Staff|**5**|_4_| No employee received remuneration amounting to more than £60,000 in either year. The charity considers that the key management personnel comprise the trustees and senior management team. The total employee benefits of key management personnel of the charity were £32,901 (2022: £28,443) ## **9. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ . During the year ended 31 October 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ . ## **10. Stocks** ||**2024**|_2023_| |---|---|---| ||**£**|_£_| |Food for distribution|**43,206**|_22,920_| ## **11. Debtors** |**Due within one year**
Other debtors
Prepayments and accrued income|**2024**
**£**
**9,500**
**54,996**
**64,496**|_2023_
_£_
_6,300_
_164_| |---|---|---| |||| |||_6,464_| Page 25 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **12. Current asset investments** |Cash held on deposit
**13.**
**Creditors: Amounts falling due within one year**
Accruals and deferred income|**2024**
**£**
**450,000**
**2024**
**£**
**51,519**|_2023_
_£_
_200,000_| |---|---|---| |||_2023_
_£_
_7,614_| Page 26 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **14. Statement of funds** ## **Statement of funds - current year** |**Balance at 1**
**November**
**2023**
**£**
**Unrestricted funds**
**Designated funds**
Financial Inclusion Project
**-**
**General funds**
General Funds
**435,152**
**Total Unrestricted funds**
**435,152**
**Restricted funds**
Financial Inclusion Project
**45,577**
Trussel Trust Pathfinder
**-**
Energy Bank
**-**
FISH Holiday Project
**12,433**
Norfolk Household Support
Fund
**1,175**
Acts 435
**-**
**59,185**
**Total of funds**
**494,337**|**Income**
**£**
**Expenditure**
**£**
**-**
**-**
**613,451**
**(489,274)**
**613,451**
**(489,274)**
**146,379**
**(165,201)**
**6,375**
**(6,375)**
**750**
**(2,582)**
**-**
**(2,929)**
**485**
**-**
**4,198**
**(3,287)**
**158,187**
**(180,374)**
**771,638**
**(669,648)**|**Transfers**
**in/out**
**£**
**364,000**
**(364,172)**
**(172)**
**-**
**-**
**1,832**
**-**
**(1,660)**
**-**
**172**
**-**|**Balance at**
**31 October**
**2024**
**£**
**364,000**| |---|---|---|---| ||||**195,157**| ||||**559,157**| ||||**26,755**
**-**
**-**
**9,504**
**-**
**911**| ||||**37,170**| ||||**596,327**| Page 27 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **14. Statement of funds (continued)** **Financial Inclusion Project** - Grant funding from Trussell Trust to employ advisors from Citizen's Advice, Shelter and British Red Cross to support foodbank clients and those at risk of needing the foodbank with income maximisation, debt management and related matters. **Trussell Trust Pathfinder** - Grant funding from Trussell Trust as a contribution towards the salary of the administration role, connected to the Financial Inclusion Project. **FISH Holiday Project** - FISH is 'Food (and Fun) In School Holidays'; Norwich foodbank partners with local churches, schools and community groups to provide free food and activities to low income families in the school holidays. **Acts 435** - A collaborative partnership with Acts 435 connecting donors with individuals in need. This enhances the charity's ability to provide comprehensive support to those facing hardship **Designated funds** - Following the funding ceasing for the Financial Inclusion Project, the trustees aim to fund the project internally for the next three years. This transfer represents an estimate of the costs for that period. Page 28 **(A company limited by guarantee)** ## **NORWICH FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **14. Statement of funds (continued)** ## **Statement of funds - prior year** |**Unrestricted funds**
General Funds
**Restricted funds**
Financial Inclusion Project
Trussel Trust Pathfinder
Energy Bank
FISH Holiday Project
Norfolk Household Support Fund
Acts 435
NCC heating grant
**Total of funds**|_Balance at_
_1 November_
_2022_
_£_
_436,128_
_91,886_
_-_
_3,788_
_15,661_
_8,250_
_-_
_2,000_
_121,585_
_557,713_|_Income_
_£_
_513,132_
_63,000_
_9,000_
_2,595_
_395_
_1,000_
_750_
_-_
_76,740_
_589,872_|_Expenditure_
_£_
_(514,108)_
_(109,309)_
_(9,000)_
_(6,383)_
_(3,623)_
_(8,075)_
_(750)_
_(2,000)_
_(139,140)_
_(653,248)_|_Balance at_
_31 October_
_2023_
_£_
_435,152_| |---|---|---|---|---| |||||_45,577_
_-_
_-_
_12,433_
_1,175_
_-_
_-_| |||||_59,185_| |||||_494,337_| ## **15. Analysis of net assets between funds Analysis of net assets between funds - current period** |Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
37,170
610,676
-
(51,519)
37,170
559,157|**Total**
**funds**
**2024**
**£**
**647,846**
**(51,519)**| |---|---|---| |||**596,327**| Page 29 **NORWICH FOODBANK** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **15. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior period** |Current assets
Creditors due within one year
**Total**
**16.**
**Reconciliation of net movement in funds to net cash flow**
Net income/expenditure for the period (as per Statement
Activities)
**Adjustments for:**
Interest paid
Interest received
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Increase in creditors
**Net cash provided by/(used in) operating activities**
**17.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**|_Restricted_
_funds_
_2023_
_Unrestricted_
_funds_
_2023_
_£_
_£_
_59,185_
_442,766_
_-_
_(7,614)_
_59,185_
_435,152_
**from operating activities**
**2024**
**£**
of Financial
**101,990**
**2,825**
**(23,864)**
**(20,286)**
**(58,032)**
**43,905**
**46,538**
**2024**
**£**
**90,144**
**90,144**|_Total_
_funds_
_2023_
_£_
_501,951_
_(7,614)_
_494,337_
_2023_
_£_
_(63,376)_
_3,006_
_(5,389)_
_35,448_
_477_
_3,128_
_(26,706)_
_2023_
_£_
_272,567_
_272,567_| |---|---|---| Page 30 **NORWICH FOODBANK** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **18. Analysis of changes in net debt** |Cash at bank and in hand|**At 1**
**November**
**2023**
**£**
**272,567**
**272,567**|**Cash flows**
**£**
**(182,423)**
**(182,423)**|**At 31**
**October**
**2024**
**£**
**90,144**| |---|---|---|---| ||||**90,144**| ## **19. Pension commitments** The Charity operates a defined contribution scheme in respect of certain employees of the Charity. Employer contributions are charged in the accounts as incurred and totalled £7,804 (2023: £4,323). There were outstanding contributions at the balance sheet date of 31 October 2024 of £673 (2023: £387). ## **20. Related party transactions** The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 October 2024. Page 31 **NORWICH FOODBANK (A company limited by guarantee)** **———————————————————————————————** **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** **Norwich Foodbank is a local Christian charity and is part of the Trussell Trust’s UK-wide foodbank network that helps local churches and communities to open Foodbanks, providing emergency food to thousands of people every year.** **PATRONS Rt Revd. Graham Usher, Bishop of Norwich Delia Smith CBE Susan Hill DBE** **CONTACT US: Norwich Foodbank Henderson Business Centre** **51 Ivy Road Norwich, Norfolk, NR5 8BF** **Tel: 0300 365 1123 Email: admin@norwich.foodbank.org.uk Website: https://norwich.foodbank.org.uk/** **Like us on Facebook: Norwich Foodbank UK Follow us on Twitter: @norwichfoodbank Follow us on Instagram: @norwichfoodbank Follow us on TikTok: @norwichfoodbank Follow us on Blue Sky @norwichfoodbank.bsky.social** **Registered charity number: 1143528** 32