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2021-03-31-accounts

Charity number: 1148148

HILLINGDON FOODBANK

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

HILLINGDON FOODBANK

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 21

HILLINGDON FOODBANK

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees Pastor Niyi Murele
Canon Yemi Adedeji
Pastor Babatunde Balogun

Charity registered number 1148148 Principal office 4 New Windsor Street Uxbridge Middlesex UB8 2TU

Page 1

HILLINGDON FOODBANK

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the Hillingdon Foodbank for the 1 April 2020 to 31 March 2021.

Objectives and activities

a. Policies and objectives

The principal object of the charity is to provide support to needy individuals and families by providing a basic need of life; Food. The charity was constituted by trust deed dated 1 April 2012.

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)'.

b. Activities undertaken to achieve objectives

As recorded in previous years the demand for the use of food bank has increased in the 2020/2021 fiscal year. Although donations have also increased, demand has never been at par with the supply. At the end of March 2020, 4,806 people used the food bank compare to the 17,651 that accessed the foodbank by the end of March 2021, an increase of 12,845, which represent 267% annual growth .

The support from donors and volunteers has been tremendous and commendable.

c. Main activities undertaken to further the Charity's purposes for the public benefit

• Our source of food donations remains individuals, corporate companies, schools, churches and supermarket collection centres.

• There are over 50 schools and 25 churches within the borough that donate food to the food bank especially during the harvest season. The percentage of collection are share as follows:

Page 2

HILLINGDON FOODBANK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Objectives and activities (continued)

d. Food donations

Month Amount of food donated in KG . April 2020 2,816 May 2020 4,166 June 2020 4,904 July 2020 4,175 August 2020 6,858 Sept 2020 5,317 October 2020 812 Nov 2020 3,509 Dec 2020 11,770 Jan 2021 5,802 Feb 2021 8,967 March 2021 13,596 Total 63,773kg

e. Food distribution

The table below shows the number of people that were fed during the same period and the amount of food given out with its monetary value.

Month
Number of people fed.		 Amount of food given out Monetary value. Amount of food given out Monetary value.
April 2020
761
 17,195.6 kg £41,269.44
May 2020
1,568		 272.6 kg
£654.24
June 2020
1,320		 4,038 kg
 £9,691.20
July 2020
1,263		 1,628 kg £3,907.20
August 2020 1,288 11 kg £26.40
September 2020 1,502 1,566 kg
 £3,758.40
October 2020 1,430 12,793 kg £30,703.20
November 2020 1,661 35 kg £84
December 2020 1,581 11,502.5 kg £27,606
January 2021 1,367 3,571 kg £8,570.40
February 2021 1,636 10,436.75 kg £25,048.20
March 2021 2,274 15,677.7 kg £37,626.48
**Total 17,651 ** 78,727.15kg £188,945.16

A total of 17,651 people were fed with 78,727.15 kg of food with an approximate value of £188,945.16.

Page 3

HILLINGDON FOODBANK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

(continued)

a. Main achievements of the Charity

April 2019 to March 20
20
- No. of people fed
7,672
- Amount of food 80,559
distributed (Kg)		 April 2020 to March 202
1
17,651

78,727
 Difference in amount Percentage difference
9,979
1,832
+130%
- 2.3%

Volunteers

In all the distribution centres collectively, we have 61 volunteers which includes 13 volunteers that runs the operations at the main warehouse.

The centres are

St Margarets Church Uxbridge 8 HFB main centre Uxbridge 31 Emmanuel Church Northwood. 6 St Gregory the great Church Ruislip. 8 United Reformed Church Eastcote. 6 St Edmunds Church Yeading 8 St Anselm’s Church Hayes. 5 The Com Cafe West Drayton. 4 Life Oasis Church Hayes. 3

Corporate Volunteers

There are 14 corporate companies that are regularly volunteering at the food bank to carry out their corporate responsibility service (CRS) these companies are GSK, Coca-Cola Uxbridge, Mondelez, Nationwide building society, Rocket Software, CISCO, Herbalife, IHG, SITA, Reed Business International, HSBC, Nexen Petroleum and Heathrow Properties.

School Volunteers:

There are Five schools that send volunteers to the food bank on a constant basis. Uxbridge College, St Helens School Northwood Brunel University Orchard School Uxbridge. Eden Academy.

Page 4

HILLINGDON FOODBANK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

(continued)

b. Review of activities

Hillingdon Food bank operations were carried out in its main warehouse and also at its 8 distribution centres across the boroughs. While the warehouse serves as the operational project centre with a distribution centre, the other centres are:

St Margaret’s Church Uxbridge Emmanuel Church Northwood. St Gregory the great Church Ruislip. United Reformed Church Eastcote. St Edmunds Church Yeading St Anselm’s Church Hayes. The Com Cafe West Drayton. Life Oasis Church Hayes.

Annual Christmas Campaign

As our usual tradition every year we make up Christmas hampers (Buckets of Joy) to give out to people within the community. This in December 2020, we gave out 150 hampers and were delivered within the community with the help of our volunteers.

Challenges:

  1. We need to raise funds to cover the rent of the main warehouse once the grant from ASDA runs out. 2. Getting more all the year-round volunteers.

c. Fundraising activities and income generation

Voucher Partners

The Hillingdon Food bank has a total of 160 registered voucher partners out of this number 85 of them are still active. Most of these partners are statutory agencies and voluntary organisations. This year agencies from the LBH and ARCH (Addiction Recovery Community Hillingdon) Have done a large part of the referring.

Corporate Donors

We have few corporate donors that regularly give funds to support the operations of the Hillingdon Foodbank. These organisations include The Kingsborough Church, Nexen Petroleum, Gilead Sciences, Nationwide building society, Cisco and Coca-Cola.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity 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.

Page 5

HILLINGDON FOODBANK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

b. Reserves policy

The Charity seeks to maintain reserves which match any obligation, such as to employees, and to ensure sustainability beyond the next quarter. The target is to build and maintain unrestricted reserves equating to three months normal expenditure.

At the balance sheet date, the unrestricted reserves stood at £194,561 (2020 - £16,073).

c. Financial risk management objectives and policies

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Structure, governance and management

a. Constitution

Hillingdon Foodbank is a registered charity, number 1148148, and is constituted under a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Plans for future periods

  1. The food bank is moving into other services for the less privilege we are planning an English class for nonEnglish speakers and computer literate classes. Also, we have partnered with some other welfare organizations that help less privileged to be help most of the food bank clients as they come.

  2. We are in talks with a church in Northwood Pinner that is interested in opening a distribution centre in Pinner and also exploring avenues for opening two more distribution centres.

  3. Looking to start a Saturday session that will be for volunteers that work during the weekdays.

  4. Plans are in the coffer to get a new van to add to the one on ground.

Page 6

HILLINGDON FOODBANK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Statement of Truste08' respon8lbllltle8 The Trustees are responsible for preparlng the Trustees, report and the financial statements In accordance with applicable law and Unlted Kingdom Accounting Standards (United Klngdom Generalty Accepted Accounting Practice). The law applicable to tharities in England & Wales requlres the Trustees to prepare financial ststements for each financial which give a true and fair view of the stste of affairs of the Charity 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 sultable 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. stste 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 inapp.ropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting ￿CordS that are sufficient to show and explain the Charity's transactions and disclose with reasonable accurdcy at any time the financial position of the Charity and enable them to ensure that the financial ststements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 29 January 2022 and signed on their behalf by: ly le rustee) Page 7

HILLINGDON FOODBANK

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent Examiner's Report to the Trustees of Hillingdon Foodbank ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity'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 (enter body here), which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Signed: D Tabiri

Dated: 29 January 2022 Type text here FCCA

177 Ballens Road, Chatham, Kent. ME5 8PG

Page 8

HILLINGDON FOODBANK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
296,920
161,899
458,819
280,332
280,332
178,487
16,073
178,487
194,560		 Total
funds
2021
£
296,920
161,899
458,819
280,332
280,332
178,487
16,073
178,487
194,560		 Total
funds
2020
£
76,886
173,132
250,018
259,577
259,577
(9,559)
25,632
(9,559)
16,073

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 21 form part of these financial statements.

Page 9

HILLINGDON FOODBANK

BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
9
Current assets
Stocks
10
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets / liabilites
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 5,000
25,500
143,325
173,825
(2,530)		 2021
£
23,266
23,266
171,295
194,561
194,561
194,561
-
194,561
194,561		 6,500
-
5,515
12,015
(14,221)		 2020
£
18,279
18,279
(2,206)
16,073
16,073
16,073
-
16,073
16,073

The financial statements were approved and authorised for issue by the Trustees on 29 January 2022 and signed on their behalf by:

Pastor Niyi Murele

The notes on pages 11 to 21 form part of these financial statements.

Page 10

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

Hillingdon Foodbank is a charity, registered in England and Wales. The charity's registered number and registered office address can be found on the Reference and Administration information page 1.

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 Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Hillingdon 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 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

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 when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

2.3 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 Charity's objectives, as well as any associated support costs.

Page 11

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.3 Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

2.4 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Long-term leasehold property - 33.3% straight line
Plant and machinery - 25% reducing balance
Motor vehicles - 25% straight line
Computer equipment - 25% reducing balance

2.5 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.6 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.

2.7 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 12

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.8 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 Charity 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.

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.

2.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.12 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 Charity and which have not been designated for other purposes.

Page 13

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. Income from donations and legacies

Unrestricted
funds
2021
£
Donations
146,340
Grants
150,580
296,920
Unrestricted
funds
2020
£
Donations
17,910
Grants
58,976
76,886
Income from charitable activities
Unrestricted
funds
2021
£
Income from charitable activities
161,899
Unrestricted
funds
2020
£
Income from charitable activities
173,132		 Total
funds
2021
£
146,340
150,580
296,920
Total
funds
2020
£
17,910
58,976
76,886
Total
funds
2021
£
161,899
Total
funds
2020
£
173,132

4. Income from charitable activities

Page 14

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Analysis of expenditure by activities

Rent, rates and support costs
Food donations
Insurance
Motor expenses
Light and heat
Rent, rates and support costs
Charitable activities
Insurance
Motor expenses
Light and heat		 Activities
undertaken
directly
2021
£
81,145
188,945
2,234
3,350
2,515
278,189
Activities
undertaken
directly
2020
£
59,349
193,998
1,142
1,644
1,679
257,812		 Support
costs
2021
£
2,143
-
-
-
-
2,143
Support
costs
2020
£
1,766
-
-
-
-
1,766		 Total
funds
2021
£
83,288
188,945
2,234
3,350
2,515
280,332
Total
funds
2020
£
61,115
193,998
1,142
1,644
1,679
259,577

Analysis of direct costs

Page 15

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Staff pension costs
Rent
Motor expenses
Food distributions
Depreciation
Repairs and maintenance
Other donations
Insurance
Light & heat		 Total
funds
2021
£
23,970
45,110
3,349
188,945
7,928
2,708
1,429
2,234
2,515
278,188		 Total
funds
2020
£
20,460
29,676
1,644
193,998
9,213
-
-
1,142
1,679
257,812

Analysis of support costs

Accountancy fees
Motor expenses
Travelling
Telephone & fax
Sundry expenses
Bank charges		 Total
funds
2021
£
1,250
142
95
46
610
-
2,143		 Total
funds
2020
£
380
-
-
-
1,336
50
1,766

Page 16

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Independent examiner's remuneration

2021 2020
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 650 380
Fees payable to the Charity's independent examiner in respect of:
All other services not included above 600 -

7. Staff costs

2021
£
Wages and salaries
23,881
Contribution to defined contribution pension schemes
89
23,970
The average number of persons employed by the Charity during the year was as follows:
2021
No.
Staff
2		 2020
£
20,460
-
20,460
2020
No.
2

No employee received remuneration amounting to more than £60,000 in either year.

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - £NIL) .

Page 17

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. Tangible fixed assets

Cost or valuation
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Long-term
leasehold
property
£
25,888
-
25,888
8,629
5,747
14,376
11,512
17,259		 Plant and
machinery
£
83
-
83
82
-
82
1
1		 Motor
vehicles
£
10,000
-
10,000
10,000
-
10,000
-
-		 Computer
equipment
£
2,336
12,914
15,250
1,316
2,181
3,497
11,753
1,020		 Total
£
38,307
12,914
51,221
20,027
7,928
27,955
23,266
18,280

10. Stocks

2021 2020
£ £
Food and grocery stocks 5,000 6,500

Page 18

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Debtors

Due within one year
Other debtors		 2021
£
25,500
25,500		 2020
£
-
-

12. Creditors: Amounts falling due within one year

Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income		 2021
£
146
207
1,527
650
2,530		 2020
£
2,462
-
11,109
650
14,221

Page 19

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

13. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds 1
Statement of funds - prior year
Unrestricted funds
General Funds 1		 Balance at 1
April 2020
£
16,073
Balance at
1 April 2019
£
25,632		 Income
£
458,820
Income
£
250,018		 Expenditure
£
(280,332)
Expenditure
£
(259,577)		 Balance at
31 March
2021
£
194,561
Balance at
31 March
2020
£
16,073

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Tangible fixed assets
23,266
Current assets
173,826
Creditors due within one year
(2,531)
Total
194,561		 Total
funds
2021
£
23,266
173,826
(2,531)
194,561

Page 20

HILLINGDON FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2020
£
18,279
12,015
(14,221)
16,073		 Total
funds
2020
£
18,279
12,015
(14,221)
16,073

15. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £89 (2020 - £Nil). £207 (2020 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

16. Operating lease commitments

At 31 March 2021 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2021 2020
£ £
Later than 1 year and not later than 5 years 60,000 100,000

Page 21