eh•rlty wmbor. 1148148 HILLINGDON FOODBANK UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2024 HILUNGDON FOODBANK CONTENTS Page Refer¢ncè and athilnl*tr•tlve d•tsll• of the Chvlty. It• Tru•ta•• and a¢fvlMr• Trusto8•' r•port Indvpondont examlnof• r•p¢xt 8tatom•Trt ol flnanew •etMtI•• 2-11 12 13 Bal•n¢• sh••t 14 Nots• to th• flnanclal •t•t•m•nts 16-24 HILUNGDON FOODBANK REFERENCE AND ADMIN18TRATIVE DEr￿Ls OF THE CHARrrY. rrs TRUSTEES AND ADV18ERS FOR ThE YEAR eNDED 31 MARCH 2024 P881or Murela Yemi Charlty rng1st•r•d numbor 1148148 prtndpal offlco 4 Wlndstx Strnot Uxbrfdge MkhJl08ex U88 2TU Page 1 HILUNGDON FOOD8ANK TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Tho Tru8tO88 Wgg•nt thgir ￿U81 IF￿1 tr)￿r *rylh tho frnncial stat8m8￿ of th• Hillingdon FcK)dbank for 1 Apll 2023 tr) 31 Morth 2024. The 8oard of Twstees affinr* thal report and finanrAal stateThnts of th8 (tharitabb organlsallon adhar8 to th8 prow8ions 8ThJ requirernents (xjuined Ch￿￿eS Ad 2011. Chal￿09 Act 2022, the goveming ikncumenl ol ts d*rllable wJanisalkn and ts Statement of R8cornm8nd￿l Prnctls8 appKcable to charities preparlng thalr accounts in accordance wlth lh8 Flnw¥Jal RopthrKJ Slandard (FRS 1021 applicable in the UK as W01188 other exbting staknrtory reqwem ObJoctlv•8 and actlvltl•• Poll¢lM •nd obJ•ctlv•• The ot4ects of HdlIngd￿ Foo(bank are: i) To rellave Per￿18 In HllliwdM thtK) In of neod. hathlp or dl8tre88 ty provkllThJ free 1(Mxl and such other weyB 88 the Truslegs fr(Mn tlmg to lima. 2) PrnvontlThJ ￿ rollovlng ￿Vaty iry food Item8 and serbkn8 to Sn need 8rn1 charitles or olher organl8ation3 wtyklNJ to wevent ty rglleve pothy. Thls In(*ths d8veloF4ng the eapadty and 8kllls of the cOM￿￿n￿8 80dalky and ocoThJr￿al1Y dl8th8rrtagod member8 80 that thoy are beltsT able to Identify and help meet thelr needs a￿1 parthd￿te rTxye In 80dgty. Tha subst8ntlal exjntrlbullcffis m8d8 ty th8 dwrltablè offj8nlsallon￿ workforeé ￿8Y a cnJdal rolg In t org8nlsatlon's abmlty to accxJmp118h 8tat8d ct4edlves effethvety. Th8 Churth Leaders, Team L88dors, Producthjn Team. IT Team, esteemed volunteers exerted th8lr utmost offort8 kn on8wo tho unintsrrupted pursult of tho itharws mlssh)n urwjor Its Charit￿ purpo89. The 8oBrd of Tru8t008 ￿nfirm8 that tw hw mgt th* dull88 In strlct (XMTyliance th th8 prov181ons of sections 4 and 17 of lh8 Choritl83 2011 8nd have t￿1 du8 fegard to th8 Chwlty Ccfflmls8lon's general guidance on pubmc benefiL Particular ojnsklwalkn has been glvon to the Charlty CcmmlySk￿'S supplern8rrtBry p￿lIC g￿nce wovisiws on Ihe of rnli9K￿ fvx the pjbllc bene Str•t•gl•• for aehl•vlng obhctlv•• Tho Hllllngdon F￿dtsSnk 18 the Ilrst fcodbar* In London. Its fwMJam8ntal bo￿8f is th8t no on8 In our communlty ¥houkJ erthre Ihg har(IshlP ol huryer. Corwuenvy, rt oifers three dayB' worth of nutrililywlly balanthd emwJ8ncy lo￿1 arKI a35￿￿nce t4 lo¢al k￿Mdual$ rdslrwJ cffi rnferralj. As a prDud member of tho Tr￿8811 TwSl-XFP)rt￿I nallThlO8 of foodbanks, HIIMngdon Foodbank cornmltt8d to ￿mba11n9 FX)verty and huThJer In HlllrvJ¢kn. Pthmonalty, the Hlllngdon Foodbank $8tVOS as V8lu8ble plalform for Volunt88rw￿, extendirwJ opportunltss to 8chools. Indrviduals. corpoTrte entitias. and faith gwlsali￿S through xKial fXWF¥yato The rWnarkaI￿8 CoMn￿nd￿Ne 8UFp>1 fr(¥n both dcrn aThl w￿nteerS h&8 been hstwrnental in Its ongoing offc#ts k) make a FKth tho c(ffinKmlty P8g8 2 HIWNGDON FOODBANK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objocoves and acthiftl•s (contlrn*d) As dooJmentod In prevkyjs years, tha uso of knd banks exporionc•d a sunJe during the 118cal 2023r2024. While donations have YKroased, dernand has c*)ngstenty outyacod thg avallablg Supply. The ongjing Ru￿8n1ukra1l￿ war. c4xnmenced C￿ FaI￿ry 24. 2022, has contrliMJt8d to an 8sc818led InflatIC￿ rate. partlcularty kn th8 Conwmor Pfka Indox (CPI). to on$.gov.uk, the CPI jumped from 10.1% In March 2023 to 13.8% In Mwth 2024. aThJ th18 ufftnl tr￿d contIn￿. Th18 8cfjnomlc Impact haB c(￿pe118d Indlvldua18 to 808k f(M)d a88kntsnce. In the 202312024 fis￿1 JBar. the demand ts fc#)d bat*s wlthfrssed an oxponenual rfse, wlth 18,581 indlvldu8ls acc9&8ing the88 8ervlces. Nolably. chiktren accwnted ts 38.86% (7,221) of thls flgur8. Coryarattvety, In Ihe pre¥lous fl8cal 5fj8r1202212023). 18,441 kwle ullllsed Ihe food ba￿[, T*Ath thlktren rew8senllng 40.1 % (7,499). This signifie¥ on Ove￿11 annu81 IrKxwse in deffoThJ of 0.75%. Hlllingdon Fo(MJbank contknues to Flay a crwjal rolo In ¢r¢urfng thet ts￿8 t*aller4Jlng facts are met wlth approprfate response. Somo of a¢llwlgJ wlod owl kn lkne tho obJoth# of tho thartlablo Tru•t arn aummarf•od bo1w:_ Flnancl•l In¢lu8lon D•bt Ad¥I￿ry S•r¥k• Through co118t(rfalth wlth Cttlz8ns AdvK> Hlllrykn, Ihe HIHIr￿￿ Foodb8nk has fcffi)od 8 p8rtn8rshlp 8UPPOrt8d by fvndlng from the Tnjssell Tnjst Fln8rwi81 Indusk)n Futyl. Th& provl8kJn of d8bt 8tt¥lc8 88rvlc88 to Hllllngdon F¢K￿lbank dl8nts C{Th￿￿nced on Fe￿ 27. 2023. By the of Math 2024, ft hvAI 8uC(￿￿ty ervgd 131 dients vthh b￿a&baSed counsdliry on debt manag911￿ Cllents express thelr satlsfacllon V•th nthvfound suppyL aFveaailThJ that tho rrM)t cauee of thgf 18SU0818 being 5￿Mat￿81￿ addressed resolved. Sincg 2021. followlThJ tr* F#)St£OVID pwknd. tho H11Hr￿￿ FoLMlbgnk has prn8cUvely So￿ht way8 10 oxtond mpa88ionate 88B1stan￿ to a dgnltlrAnt number of our clknts. Thls IncI￿j09 oklèr peoF48, IndI￿dual5 wlth meowcal ¢orbdit1(￿s. th98e wlth phrtal d18al￿Oe$, 1tTh8 fadTrJ chlldrm C￿nstraints, or thos8 wtth COVIL related o)nc8ms that prevent them from vtslllrKJ Iho fwdbank These dk8nts can arrange for home dellvery Ihn)ugh varkxJ8 refw81 agend88. Sitht Work PIBc8rnorrt One of Hillingdon Foodbanvs hnp8CtfvI Iréilattw¥ In L8H In¥￿ provkllry St￿18n￿ In the communlty wlth the opporiunily lo gain Ihelr1th17hDrk exp8rienr*. experfonce rM)l onty serv98 8$ thok ilr8t pb eX￿￿ure bul a180 offers them inspjhts Into the of tharty organls8tk)ns as crudal hubs for gfving back to hum8nfy. Sorne of the benehiaries of thts Wogram Ind￿18 (knrd Hill ColbBgg. UxtrKidge Co118g8, arnl Bru￿1 Unlv8rs1ty. Hillingdon Fwdbank Lrfellne Tho primary swrce of foLNI don8tMVB for the Hil&rykn) FLX￿b3nk indudos ¢x)ntslbulion8 from individual8. orwrate ￿MpanIeS, sclw18. churthes, and supenn8rkgt collectims. Th98e dedicated leams wob* Ikel8s$ty, commitknng thern8alvo8 to am￿1rva Ihat rHM￿ lami￿8¥ ￿ need within cyjr communlty do not go to bed hungry each day. Supgrmarket d[￿ti￿ pdnts we Strategi￿lty located arOW￿ th8 borough, and Ilw (xn be ft￿nd at the fdlowlng stor8S.' Te8ix> Buls &idg8 Tesco Yeadlng Tesco Gerrard'8 Cross Tesco Feftham Wathse Gerrard's Cr085 Pag8 3 HILUNGI)ON FOODBANK TRUSTEES REPORT (copillNUED) FOR THE YE￿ ENDED 31 MARCH 2024 ObJ8G0￿$ anql 8¢tlvltl•s IconllN*d) sak￿Ury RublSp Sain8bury Uxbfldga SaIr￿u￿8 Ea8t(x)to Seasons of GM In the borough of Hllllngdon, morB th8n 80 35 aTrJ 40 a)rporate 8cllvety o)ntrSbul& l£M)d dc￿a￿on8 to the Hllllng(kn f(xxl bank. tAvlkul8rty durfrvJ tho Har¥est and Chrlstmas 88a8ons. The d181rfbutknn of co118ctk￿s Is as follows: Indvithals, don8llon8 throwh 8utwm¥k8t o)1gdlon polnl8 con811bJte 53.69%. Churches and sctK#)Is log8th8r acLxJunt ky 28.21 % of donallons. Corporate and w8lk4n *￿￿du•15 ccthtxrt• 14.91% 1) w d(Thtkn pool. d. Maln acllvhlm und•rtak•n to fvrth•r th• ChwIl￿ pwpoM• for publ1¢ b•n•fit Hllllngdon Foodbonk Llhlln• Tha prtmary source of foc#l don8llorvJ tr tho HHl*ykn Foo(*)onk Ind￿ conblbuUon8 from Indmdua OYForats companlos. gchth)Is. c￿r￿a$. 8rKI supenYwk8t coll8cl1￿8. Th8s8 dedlcated leam8 work tlrele88ty, o)mmltting them8efves to the cause of erourlng that nwnerouJ famMb88 In need within our (Orrm￿lty do nol 90 to bod hungry 88th day. Supennarket ¢*)natkn are 8trat*aly lo¢thl arwrKI tho bty￿, WKI find thern al the followl 8tore8.' T8803 PAJlls Bridg• Te8co Yeadlng To8oJ Gorr8rd'$ Cro T08)to Food dl•lrfbutlon Tho table beltyy th8 wmb8r of people **re I￿1 the same porknd and the aThwnt of food glvon out wth its Mo￿1¥Y val￿. A totsl of 18.581 pwlg were fed wilh a total of 108,22Trg ftM)d wllh an approxlmat8 value of £299,512. ount 18.581 108,227 kg £299.512 Pag8 4 HILUNGI)ON FOODBANK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 (wrtlnued) •. Maln achl•v•m•nts of th• Chwlty 12022 to Marc* - No. of people fed 18.441 . Amount offt)tr 120,270.2kg stslbuted (Kg} 18.581 108.22Trg 140 *0.75% +10.9% Bebveen Aprfl 2022 and 2023, 120,070.2 kg of focAJ was dl8tsltrxrt￿ lo feed 18441 peopl8. whlle b8ts¥een Aprfl 2023 Bnd M8rth 2024. lo8.227.￿ was di8tritxJted to fewj 18.581 pwplB. Vouchor Partnor¥ The HlllirlJth￿ F(K#Jbank has 293 registered p•tsw8. 175 017hthlch arn cunenty actlv8. A slwlllcant on of these partners aro 318tutryy agor￿. thls yw, EmMarK￿l Church arKI SL Grggory thg Gro8t In Rulsllp havo boon C￿rIb￿ lo ts roknal Volunt••rn Collective￿. aixoss all dl¥trlbullon ¢￿tr￿s. HiifkwJkn FO￿lbank Is supp(xted by 178 volunts8rn, IrKlu(Ing 80 Indlvldual8 manage operatlons at the m81n ware1K￿88. The th8trfbuOon centres are a8 follow8: St M8rg8r•Y$ Chwth Uxbrw.. 11 volun*• HFB rn￿n ￿ntro UxbrSdg8: 60 vdunt•ar8 Ernman￿1 Churth Northvrtmxl: 28 NrlLmtsers St Grogryy tho Grgat Churth Rul￿. 64 Voluntegrn St Edrnunds Church Yeathng: 10 ￿lUnteerS Llle 08818 Chwth Hasw: S %nluntW8 C￿po￿t• Volunt••rn Tth*nty Corp￿￿8 companlo9 arn rngul8rty vo￿nteerIng at the food bank to cwry out tholr corporate responslblllty 8eNlce (CRSI. These i>)mpgnl88 are GSK, coca.cda UxWe. Mondeloz. N8llonwlde 8ulldlrvJ Socl8ty, Rockot Software, CISCO, Herba16fe, IHG, SITA, R88d Bu8lness IntemaOonal, HS8C, MDLL Nexen, Allgn, Petroleum, Heathrow Prop8rt1es. CNOOC a￿1 M(wthr Erry. Volwtrtr School Volunteer• Flve 8chool¥ regularfy ￿ VOkwrt￿ k) th& tsmj be￿ Tlw IGh0￿ Ind￿10 Uxbfldg8 College. Sl Ho￿rI¥ Sehool Nortsh￿. Brun•l Unfv•Y•lty, 0￿h￿d Hill 8¢hool Uxbri** •nd Prfnce'a Trual Uxbdd9e College. Page 5 HILUNGDON FOODBANK TRUSTEES. REpoirf (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 (contlnuod) Revlow of actlvliles Opratlons Thg Hdling*>n FocKlb8nk COndud￿ Its owabom at both its m8in w8rehou8e and six di8tribution c¥ntre8 thrryWout the HllirvJthJn tx)rough. Wh18 the warel￿fr as the witral opgratlon81 hub wlth di3tiibution cantre, the addiiion81 centrBs in¢*Jdg: . St M8ra8rnfs Clwrth . Ernrn?n￿1 Chwth . St G￿ Ihe Great Church Rul* St Edrnunds Church Yeadi Llfe 08818 Chwch HaJ*e . Brth)m Tro0 C810. Annual Chrf•tma• C•ry•lgn Conllnulng It8 8nnu81 t￿￿11￿, thls Chflslma$ hampers. krTh¥n 99"Saasons of Joy.. were distrtbuled lo famlll88 In the communlty. One hurmlred WKI fve hampers wore c8refully 8ssofflblod 8nd d6llv¢red %￿h1n tha communlty to a hundred and fNg famillgs, wovi(tr￿ 8 to8fvo knpup to tholr food pa￿18. Thls heart- Wamilng Inltlafve was mado possIb￿ wlth the dethcated asslstance of ¢)ur volurrteer8 and dlstrlbutlon > W8 8tsrt8d lh8 free debt arKI w8llar8 b8nefft8 thIc8 88r41c8 on lh8 27th of February, and dients are happy about Ihe add￿1 8ervk¥ ty the Hilllng(kn F(￿)dbank. The numbar of dlent$ u8lThJ tho 88tvlc• 18 corrtbnu81ty Incre88lng everywee > Coronatlon 8tre8t pa￿83 on 6th arKI 7th May 2023. > A￿epI￿Ge of T88(xi tOF￿UP. JarpJuw 2023 PCP £3,544.16 GML > Annual Stocklakhg on 218t Jity Is 17.012.1kg. Awarded wllh S8lnsburY$ Voulhr of £3.0￿ ljr fc#)d stsxks. > The PCP was wlth ASDA Uxbrtdge, whlth1810(¥ted at UB10 ONL > Approval of the £40,CM)O Strateg￿ fecllltles ryant w the 9th of November 2023. > Supported clents wllh 105 Chrislrnas h8rnpers. Th088 Chflstmas h8mpw8 Worg rnot1cuknu8￿ prap#r•d 8fKI di8tribut8d to familw in need wilhn tho ¢xJmmunty thrW tho Fcdbgnws maln centrg and varlous dlstrfbullon cantre8 a¢r088 the Hlllrykn bor￿￿. > Cdébralon of volunteor w88k. Startlng Br¢)om Tm Café on 3rd J￿￿. > Summer Food Drlve > A new stslfrol-the-art was dfmated to Hillrwkn FOc￿bank for h8r good cause ty Mark and Julle, who have both been vrjunteers at Hillingdw Fo(MJb8nk for moro than 10 ypers. > ￿r vdunteerJ rocked the trollèy dash at the P0￿d￿tretd￿ Store grarKI openKw. gatherfno £480 worth of food kn the F¢￿nk in rnc4xd time. > Foodb8nk staff members have sjccessftdty cumlvatod Kwbve relatA)n5hips *ryth t>olh ￿rpr￿al9 en111188 and iTrJividual volwrteers, fvst9rirvJ enduriThJ p•trwship5 T*ryth the foodbank. > A totsl of 18,581 VKlvklu* rethed food pwc*ls wlthln Ihe 202312024 f￿1 yBar. > The fLMxlbank am888ed a total of 108.227 ofknd li the 202312024115cal >ear. P*>6 HILUNGDON FOODBANK TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2024 {Mntlnu•d) Summary ol Contrllxrtlon recelv•d Donalhjn of £5,384.IXJ by188 Iw4V Don8tlon of £100 from St 8emadett8 cath0￿c Churth Tesco Top Up £4.016.78 paid to Hlllirykn F￿dbank GMB £1.0￿ ched( donatlw to HIHIr￿d￿ F(xxlbank ￿ 215Q023. Tesfj) Top up of £7,922.03 POKI the Hllliryth)n Foothnk a(¥￿￿nI kn May Stroet Paty c88h donallon of £175 remlttod to HFB a¢oxmL Paynent W88 reC￿Ved from DaNid LW NOr1h￿ on the 141h of Juty 2023 am(xwrt £2,282.61. A cash d￿ation of £113.22 by An114JLEZ Hurw Stslk8. Accaplance of Teso) loFwp'. Jan￿un8 2023 PCP £3,544.18 Grant. Te8CO topup: Jw.J(mg 2023 PCP (Pomiawil Colleckn Polnt) £3,544.16 Grant pakl. Recel¥&J £800 dondon from UKSTRATCOM R￿e1Ved £1(hJ donBIM)n frcrfn Lady 88nkes Sclmjol Re&8fved £650 donakn C(ynrnunty Trwje Unk Recelved £114.01 from Bright Fund on 29112r2024 t)onatlon of £20,720.55 Emergency Supr#Nt grant from Tnm81 tru8t. £SOO dcrnllon by Clwjbb Securlty group. £1,000 C(K&cO￿ p8ld to Hlllknfvi Foodbank £125 donatlon from Sl. Glle8' Church lo Hlllkv3don Foodbgnk £350 cheque donath)n from NortrTh￿ Llorts Club to tho Hllllwtkn Foodbank £250 (Sywtion from Maldng a dfferm localty to the HllllrW￿ Foodbank A new 8tated-the.art van wJ¥ [k￿￿ted to H￿￿n￿l F(xyJbank h8r gfyyy ￿U￿8 by Mark and Julte. who hav8 Ix)th b88n volunt88rs at HllllThJ¢S)n F￿Albank than 10 yaars. pa￿￿0Th1 of £40,471 restr1￿ fin8nd81 gr8nt fr(Th TwJ8el TN8t to the Hllllngdon Ff*)db8nk PayThgrt of £6.070.65 unrestslcaed finwKaal Inck*kn g￿t fr(Mn TnJ88811 Tru8t to tho Hllllngd Foodbank. Th8 donakn of £20 w88 made ty Rw8, who wa8 Invlted by both A4)08Ue TuThJo and Apostle To￿n k)r the bu8 launc*. FaGtorn r•l•viirt to achkn obJ8cOve• The prryxss of achle￿¥j our g081s necxsltat8s tho Kyesenco of ro8pwwble finan(xo1 management and an Improved understsnding omong Ihe Irusleos of thelr strthglc and fiduciary obligats'ons. The rea50n behlnd th8 pos611on 18 that a SIgnr￿n1 of the ¥upp(xt needgd to ach￿ti (XT obpctsve8 (an bg obtalned throu strat8glc plannlThJ arKI partnerthip. ffin8rrf￿ a ten88 of rgsponslble and a¢cA)untsble leadershlp. FundIal￿n9 acllvlll•• kncomo gon•r•tlon Corpornts Donorn We are fortun8t8 to h8ve B select gr￿P of corkxxata donors eonBiStenty PmVKling fn8n¢tal supwt for the Hllllngdon FI￿dban￿8 opwatlons. Notable (xgan188thy)s include The lfjrvjsb￿￿h Church, Maca, HSBC. Volkerftzpatrick, Nexen P6tr0l8￿n. GIW Natkxr*klo ￿11th￿J Scthty, Cis(x). Coc&Col8. WKI Heathrow Properfes. Pagg 7 HILUNGtION FOODBANK TRUSTEES REPORT (CONTINUED) FOR The YEAR ENDED 31 laARCH 2024 (G(*rtlnu•dl pollcy and porfomwK• Funds wlll be reigined in inl8reSt-b￿1vj acccAJnts as far as feasib￿. Tr Board of TnJste83 Gonllnu68 exploring allemative sacurn inv8StThnt strategies to guarantoe Improved returns. Furthernore, tho Trusteas roma mmltted to IrNe8tigaling IrNestrTWt altomthos undgr 3Fvor*lats 18gal and fin8ndal coun891 to rg8ch an Infomied ded81￿ kn dug courw. Fln•nclal r•vl•w After maklng appmprf8te wwuiries, the Trusteos have a rgascwblg gxpectatlon that th& Charlty h88 adequate resowcw to conllnue In operalk￿l 8xl8t8nce for Ihe foro8eeabl8 futw8. For tri8 rea80n. they Lxxrtlnue to adopt the golng concem b8518 In weparkng the finwthl stst8m&nts. b. RM•rv•• polky The policy 8et forth by Ihe Board of Tnkns that the charllthg Ix)ffpany malnlaln unrestrlcted fund6, referred lo 88 ryree r¢serth," equlvalent kn three rn￿th5 of annual eyndlture, exGludin9 any funds 8lregdy rjjmmltted w Invested In I￿￿ble fixed ajsets. At ￿ pre8ent slage, the Board of Trustees malntalns Ih perspgcllve th81 they FA)$5955 c4p•Sty to thg dwrttable organ18akn'$ onwlng operalkns In Iho event of a 8ub*antlal decrease In fina￿181 r880wra& Tho 8osrd of Tr￿t￿, re8eTrB polW18 perk)th¢aly 8S666$0d to ensure 8llgrwTrent wth the broader strateglG plan8. TINS evaluation alm8 to a8certaln wtsther th8 rese￿￿1@¥81 rnalntjln allgns wlth our cJJrrent flnandal tsndlng and amual wJerKllw whlle also (%)nsldorfng futyre str8t8glc obJ8cths. Th8 orgarwsatK)n currgnty po680￿ fingrKlal r88ffi6 allocated for the 8pedfic obl8th￿ outllned In our forthcomlng knmalfves. nanclal rl•l( m•n•g•m•nt obJ•ctlv•• and polld•• 0￿ratIOnS 8nd flnances ofthe (*wlty. 8rMI arn satsfiod ltst Worn8 and ry0c*d￿B6 ¥ro In pla￿ to m￿g￿l• our ex[h￿ure to the may risk& d. PrlnclpAI fvndlng Thls 1$ pr￿￿ded ma1￿Y IhrrAthJh uxrtrll¥Jllrx)s and from 0th8r orvJgnbBaloTh8. 08 TnJ88el Trust. . Consutsrtlon Hllllngdon F¢Jodbar* Is a wl8tererJ f#wity, n￿ber 1148148. and is urbjor a Trust d8•Y. In addftknn the Trust Deed. It has a(Wed various FA)l(i85, whith. akxwJsKl8 olh8r statuw regulatK>ns. fom Ihe strudure governing daity oporation& Pag9 8 HILUNGDON FCKIOBANK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 managerngnt ol the Charfty Is lh8 r88FMmlblllty of th8 Tn￿63 WIK) 8rB 818Cted 8nd i>x)pled undor tho temw of Iha Trust deed. Organl8atlon•l •lNetw• and dod•l¢m4n•klng pollcl•• Tho pro￿850n9 of th8 TnKgt t)owJ enlnJ8t ts Tnwlo88 1£* ovrn tho act1￿1189. Hanc8. tha organlsallonal thjclure of the Charlty Is {Jraft￿j to wlhgrg to Ihese F￿Sk)nS. The 808rd of TnJste8s m68ts regularty to rnanage and admlnlst8rth8 charws opwakns. The Board of Trustges 9s8lgns th8 f88ponslblllty for the daly 8dminigtration 8nd m8n8gement of th8 d￿rIty b tha Oparakn Manag8r. who repots on the chartlV8 operallon3 to the trustees. H¢ywever. th8 8the In¥cfvement Board of Trustees 1$ crudal In safeguardlThJ the welfare of thg 1*)arlty. particularty In sltuallon5 7*lwo there Is a substsntLql rlgk and Ihe potentlal corn8quencB8 for the tharlty 8bJninc d. Pollclm adoptsd for th• Indu¢tlM tr•lnlw ol TN•tM• The Inductlon prorAI88 for 8 reconty aprolnw member of Iho 803rd of Tru8t888 IrNolv88 an Inttlal moollng wth the Chair and other Truste88, by a 8equ8nce of (ISCU88K>ns ￿rfth the Chair ￿ th8 auihorili88 and obllg8tlon8 01 the Tru8te88. The Tw8tee 18 provhJ&J a Tru8te88 Inducllon Pack, whlch encompass88 tho govgrn￿ng (bxumerts of the ch•ritabl8 trust and Tglevanl excerpts frryn the Charity Commi88ion GuidelIn￿, Induding Doc CC3 and CC11,1.e.. the Essentlal Trustoo: What srju N8ed lo Know and the Tru81998 Expenses and PayTnenL The old and nBw trust88s engage tn traIn￿ frBther mryJul85 to fijrther hone th81r govemanca skllls and •nh8nf*J theSr ablllty to dlscharge lh￿r obliggkns effoclvety. Th18 8180 enabl88 the trt￿￿o¥ to aC¥4u8lnt Ihem88lvgs wllh Current rOg￿tionS rdated to tharltablo oryanlsatlons. Th890 m888ur88 VAII facllltato 8dh8r8nc8 to po￿ne￿I rogulollw8 wovklo adgwats lewl of (wfid8nGe WKI a8JLnnco In the exeryjtkm of thelr dutles. P*Jg 9 HILUNGDON FOODBANK TRUSTEEY REpoirr ICOPrnNUED) FOR THE YEAR ENDED 31 MARCH 2024 •. Rl•k mAnag•m•nt The tnJst88s dèmonstrate an WMlerntsThJkng of thelr obllgthi to and assess th8 rfsks faGed by the tharftable ¢￿JanIS8t10n and to erL¥urp the Implernen1at￿ of aFvowl8te o)ntrol8 to mMgat8 the potenll81 for fraud and 8rrots. Thè 8dopt8d approath by the 808rd ol Tr￿9 In￿1¥8$ 8 SySt8m8tk pr(K88s for 8ssesslng risks, which entsils rew18r id8nbfi¢aton and evaIL￿1N￿ of PL*entW rlsks. Thls pn)cess ullimately cuknln8ts& In formulatlng str8tegies to mitig8tg the hJgntifi¢d risks. In th8 Jear under r￿aw, Ihe trustees have I￿$KI￿ed thg rfsk assodalBd wllh th8 lack of adequate Spa￿ for the f[￿lts￿k lo ac(y)mmodate the expansion plan the F￿)dbank and to cover the other inrti8tivg¥ towards so¢lal moblllty arKI employabllty. li h88 d80 (XThKl8red th8 0ry(xng need for food flnan¢l81 donors along Ihe Challenge of language barriers when attend￿9 to dients who s88k￿￿ rofty in tho UK frorn other countri88. Some of the moaswes adoptod to rnrllg8te Iho80 rlsk5 wwg stOPS to got a mcrn $ullabl& spaco for I fotyj bank and Ihe uso of t￿. Hdp tlwh Hwdjhlp. InlO•tl¥e to •rwr• Ih•t dl•nts In n••d •r• not tum•d •w•y due to18nguage ba￿1￿8. Other measures emrAoytd Involvè CBtem8, de8mlng them 8ufficlent to mlllgatg ts wganbgtk)n'8 vulrw*41ty to 8W61￿1 f18k8 and pr(xnptty aw to th8 gravlty of any potontsl new rlsks. Furthomiore, tho Truth8 have •xwnlnod tho fvry rf¥k8 Ihat the Chwlty may la¢e In govem8nc•. Some ol thg ryitlG81 rlsk8 kn focxjs [￿taIn lo mor4lorfrKJ rngular 9xorci￿ to oudlt th8 o)mpetencl&s of gxl¥tlng trustee3 and a¥se8s the ne8d for naw skllls and tralnlty wlihln the In addItk￿, th&y ensure the presence of 8ufficlant controls for cnKlal flnanclal 8Ydtem8, partl¢ulaty rolated to P8yTnents, as wall a¥ managlng lttlqlous exposure. Glven the abovo. the Tru8lBes have ￿1￿$99d Iderrtw rf8k8 by Implgrnentro effect￿9 8Sffjtom8 lo reduce the Nk8llhoc#J of tholr oc¢urrBnce. Plan• for futur• ￿r1•xl0 Th8 foodbank •miskx)s creallrs athkn18er¥kns ts the1088 ￿leged, InthKllng Engllsh d838es lor nonwEnglish spe8k8rs and computer Iltww clg8808. CollgboTrtkn other wolkn orgaTh8ollons Is urKhrway lo provl(le cffliprehen81￿ 8UPPJt lo mo31 of t￿ l(Mxl bar* d*nts. The Foodbank en¥ision8 evdvirwJ Into a fommurthty Hub." off•lrvJ em[v￿QM)ent Serv1￿ to a8818t dlents In ov8rcomlng th8lr current iyise8. A o)ncgrted effort to Increase tho number of fD(Kl th￿r8, IlnaNaal dorw and spor￿0￿5 8UPPOrtlrKJ Hllllngdon F(M)db8nk projects. The HllllrKJ(*)n Foodbank establi8h8d Skil wuislllonlenwwwment programmes 10 8erve ag a plthmi for eMF￿ver1r￿a the worklrvJ498 group of ¢I￿ts usiw the fr￿dbank. Enrolllng cllents in th8 CAP Lile Skll8 f￿r88$ a)ukl be a Tht wayto ar￿r Iham and wpport them in evory a8FeCt oflheir Ives. P8rtner wlth h&althe8re rrfovwjws to offw V￿nte￿ mg(Ical addre88tng Iwterm health condftkjns that contribute to fo(Kl in88￿rity. Page 10 HILUNGDON FOODBANK TRUSTEES. REpoirf (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Con¢lu8lon As the 5eafs a[Watt￿d, the FLKXIba￿ had a vnrKl*ful arKI 8venthJl swr. It had Its falr share of chall8ng88 but r08e Bbove the b8rtsrs th (kn3ged d9tgnnlnallon and posltlve r818tb)rthlp8 vAth other rAganl881ions, who, through their i>)ntribulion, hm enat>l8d lh8 Foodbank to ￿ntinUe tr) make 8 meanlnglul Impacl on the cornmunity. Fwdbank Iwks forward to thg ￿￿lln9 >par from a sleady ground and ha8 confider In a￿lIty to 8ch1o￿ more 8trld88 kn Ilne vAth tt8 ot40d￿8. 8tat•Thnt olTnNt•M' r03pM￿bIlttlo Th8 Tru5t86s ar8 restM)nslble the Tnjstees, repyt aThJ ts fina￿181 statements Sn aC￿rdanCe wlth applicabla law WKI United KIngd￿n ACc￿jnI1ry SlaTrJards (Unilod G8nwaUy knopted AcGountlng Pr8ctlc81. Thè law appllc8bl8 t) ch8rf1188 In reoJk89 ts TnBtO8S to prepwg Ilnwclal ststsments for h financial wlmch gNe 8 true arKI fair ¥lew of tho st8te of 8ffBlrn of the Cl%grlty 8nd of tts Incomlng re8our¢e8 and applicatKJn of r&ryourc88, ind￿JIng It8 Incom and experKllbm. tr that perknd. In proparlry the￿ flnanclal statements, the Trustees are requlred to: 8dect wK8ble 8ccounllng Fdldes 8ThJ th8n 8Wy them (Th81stenty, observe the melhods and prmipl88 of th& Chaiiti88 SORP (FRS 1021, make ludgmonts 8nd 8co)unllw 08llm8teg that règsonth pnjdert stat8 whether appllcable UK StsTrJards (FRS 1021 h8ve bwi folkywod, 8ublgCt to any materfal dgparturo8 d18d08ed aThl expldnad In I￿ Ilnandgl $18toffwts: prepare Ihe flwd81 statements on tho ¢xx¥xm b8818 ￿1088 It Is Inapwwts to pr88um8 that I Chartty ￿11 conlrrt* In buth￿. The Trusts88 arn rosp￿Ssb19 for keeplThJ •Jequate rotyxdj that are 8ufflclerrt to a￿1 explakn the ChartV8 transacllons and ¢kn vAth reasywble aLw8q at any tlme the fina￿81 Fw)Sbtlon ol the Charlty and enable th8m to on8wg Ihat lh8 flnandal ststoments Ccffipty the Charflles Act 2011, the Charlty (Accounts and Reports) R•3ul8llon5 2008 and the provtslons of the Trust (*ed. They arn also resp)nslble for safoguardlng the assets of ￿ Chwlty h8n(% filr t&klr#J reagonth steps ts the weventlon and deteciion of fra￿1 and othor Irregul8rftle8. Apryovod by ordgr of tha of thg board of TnAtO88 on 28 J8nu8ry2026 and 8bJnod on thelr behalf by. Postor Bal)atu rustee) alogun P4*11 HIWNGDON FOODBANK INDEPENDEKf Ex￿lINERy REpoirr FOR THE YEAR ENDED 31 MARCH 2024 In￿￿ndent Examlnrf• Roport to th• TnwtM• of Hllllngdm Fear ended 31 Mwch 2024. Roopon•lbllltlo• •nd B••ls of R•pwt A8 the Tnthos of thè Charfty rosptywiblg lh8 the accounts In a¢xordanca wbth Ih8 rnqulrwnonts of the Charlths Act 2011 (￿ 2011 Arf I rep(Yl In respect of my examlnalkffi of a(¥JxMts rath8d ¢yJt under 80Ctkn 145 of the 2011 Aci ar In carrylng out My 8xarnlnalkn I have lohy￿1 Ihg 8wAlcd)18 DlrwAkM g￿en by ts Chaty c0mrnl88K￿ und8r 8gcOon 145(5)(b> of 2011 Art Ind•p•nd•nt Ex•mlnrf• 8latomont Your 8tt8nllon 1$ drwi to tho fact that the Charlty ha8 tho ac<#xmts In &Cr￿rdanCe wlth Accounlng ofKI Reportlng by Charltle& Statement of Recmmendgd Pradlce 8ppIIGable lo ch8rtiles preparlng thebr accounts ID aC￿rdance wllh the FIna￿￿1 ReForUrvJ StsrMJwd appltsble In th8 UK 8ThJ R8pxJbllc ol Ir818nd (FRS 102} In preferenco to tho AcwJnllTrJ aThl ReF4y11TrJ ty Chadlles: Slatemonl of R0￿mmer￿je0 Pracllce Issued on 1 Apdl 200S 55 r•lgrr8d kn In the gxlant regul8lkm but bgw *Ith(tr￿. l undw¥tsnd that thls has be8n In ordor ftjr tho Ki>￿niS to wovld• o truo fa* vlow In accordanc8 wlth the Goneralty ActOPtod ACco￿lI￿a PTrGbc• effed1￿ for rewxttng perfod8 bgglmlThJ aftor 1 January 2015. I h•w ¢¢ynFAot•d rny examination. l (>)nfwm that rK> mats8 to my attth In Q￿neCtIOn wllh the examln8tk)n me txuse kn b8118V8 th8t In any rnat8rlal r•gpoL#.' ar￿Jun11r￿j records wer8 r#X kopt In rogped (rf Iho Chty 88 rWr&l by 130 of the 2011 Act. or the accounts do c¢rryly tNtlh the *Ic4ble r8quITemerrt8 Lxm¢emlry th8 fomi 8nd content of accounls set In the Chariti08 (Acownts Reports) Regulalkfft 2008 0th8r than any requirem8nl that tho attount• ol¥• g I1￿ and f•lV vlwi thlth IB not a mAtt•r MroSdorod a8 pgrt of an ind•pendent oxamlnallon. I have no (x)ncems orKI have fxrosB ￿ othw rnottws In (x)nrth wlth the eyAmlnath)n to whlch atten￿On be In thlg roptyi In ¢xderto enabkn a of the accounts to be reached. Sign￿1.. Dat￿1. 28 J￿m￿Y 2025 D Tat4 1TI Ball￿S Road. Chatham. KenL ME5 8PG Page 12 HILUNGDON FOODBANK STATEMENT OF FINMCIAL ACTivmES FOR THE YEAR ENDED 31 PAARCM 2024 Total fund• 2024 Total fund• funds 2024 2023 Incom¢ from: Donal￿$ aThl kngaci88 79.003 150.485 Totsl Incom• 385 111,388 I￿,485 Exp•ndlturn on: Charitsble adivNio8 rn613 100,443 179.lJ56 144,495 Totsl •xp•ndltur• 78,613 100,443 179,056 144,495 Not fflov•mnt In fvndB (68.058) (67.668) R•condll•tlon ol fund•: Tol•l fvnds broughl l(Th8fd Net movement In fund8 243.153 (68.0581 243,153 (67,668) 237,163 4990 Total fvnd• wrl•d forw•rd 171095 174485 243. 153 Tho Statement of Flnanclal kKludes 81 ggkn8 rocognlsed In th? yegr. Th8 note8 on pages 15 to 24 fm part of flnandal slat￿n￿ts. Page 13 HILUNGOON FOODBANK BALANCE SHEET AS AT 31 hlARCH 2024 2024 2023 TarvJibl8 assots 3,805 10,682 3,605 10.682 Currant a••ots Slocks Debtor8 Cash at I)￿k gnd In haThJ 1ry755 239,076 187M23 249,076 Credltorn: rnnts tslllr#J wttNn 10 (15,543) (16.605) N•t curr•nt u••t• 171,880 232.471 Total u••ts l•M curront 17&485 243, 153 N•t a•8•ts •xdudlng pwMl¢)n awt 176,486 243,153 Total not as••t• 175,485 243. 153 Ch•rlty fvnd• Re8trlthd furKIs Unrestrlcted fund8 11 11 17&095 243,153 Totsl lunds 17148S 243, 153 The flnanclal staternents were 4)woved aulmxlsed IsgA ty ts Trustees on 28 ￿u￿ry 2025 8ThY 8lgned on tholr beh811 by. Pastor Bal￿tU ITrusteo) un The rths on p8g05 15 to 24 form part 01th8se fina￿￿1 slatwrwts. Page 14 HIWNGDON FOODBANK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Gonornl Inlornutlon Hlllngdon Foodbank Is a charity, re9stw￿l in ErykThJ arKI Wal8s. The charftys registered nunbor artty registered offic8 8ddro88 eAn be found on th8 Refer￿￿ and Administralion infLvrnation pag8 1. Lcounlkng polld 2.1 B••l¥ ol pr•p•rndM of flnanclal •t•t•m Tho finandal slatements have been prepar*1 In accryd8ncA th8 Ch8rlkn SORP (FRS 102) - Acxounting and Reportiry by Ch8rliles.' Slatement of Recommandad Pr8Ctice 8ppllc8ble lo tharltles pr8paTlng thelr aC￿unts In KfAxdance vAlh ￿ Fin8rKaal Ropyung St￿18￿ awlicabl8 in the UK 8TrJ Republlc of Ireland (FRS 102) (effeclva 1 January 2019), the Flnanclal Reporting Stsndard 8pp1bea￿a In th8 UK and Rwjbllc of Ireland (FRS 102) the Chwlti08 Ad 2011. The fin*KIBI 8tthtam￿ been to gt¥• • kn and falf vkn ar#J havo d•p¥tsd from thg charit￿ (knounts aThY R8E￿8) Rawlatior* %X)8 to tho axt8nt roqulred to pro￿de a Irua and falrf *A8w. Th18 1*pa￿re has Involvod foliowlTrJ the CharMo8 SORP (FRS 1021 publlshod In October 2019 TBther th8n the ReFthryJ by Charltth: Stalement of Recommended HllllrWM F(￿bank meots th8 do1knSllon of a onlty urnlw FRS 102. A888ts and Ilablllles we ITr￿81ty recogn188d at h￿￿1(*1 (xxt or valu8 unl8s8 otherw￿ 8tsted In the relevant accountlng Wky. 2.2 Inc4>m• All irrfxme 18 recognlsed onL¥ thg Charlty h88 onluomwt l) th• Income, It 18 probablfr that the income wlll bg rocelvod and tho om¢yJnt of Incvme con bo mea8urnd rellably. Grants are Induded Sn th8 Statemwrt ol fnandal 8ctivltl6s a recgivable basls. Th8 balancg 01 IncLXn8 recelved for sp8uft imrt Th)t expernled duflThJ tho p8ritJl Is $hThvn in th8 rel8vant fvnd$ on the 8alan¢o sheet. Where Is received In advanc￿ of ent￿ement of recelpt, Its recognitKm is defeThed and irthded In ixed1t￿¥ as d8lwrgd Incom&. Whore entldement occurs before In￿rne 18 rec4vgS. the In￿me Es Gifts In klnd donated for dstribulion are wKkMIvAI at V8luatkJn recxwlsed 88 incom• when I oro dlstrltxrted lo th8 woiects. 13 EX￿ndlIVr0 Expenditurg [8 reco3Th8ed Or￿ thwe Is a legal ¢y ¢X¥￿￿e 01￿1g8th￿ lo transfor o(xJnomie benefit to a thlrd party. it is probable tt￿t a transfer of ec1)n￿SC ben6ffts ￿1[ be r8quired In sottlement and the amount of th8 Obj￿38110￿ c8n be mgasurgd reliably. EXp￿i￿lre Is da55ified by a￿l￿ty. Th8 costs of each ac1p￿ty ar• rnad8 up of ￿ tolal of dwe(X o)sts and sharv*J costs, including 5UPWJrt c£*sts In undertakirvJ each acliNIty. Dlre¢t costs attrlbutable to a srngle 8clivity are alh)cated dlreclly to that aca1￿. Shared costs Lrrtitarte to moye Ihgn fft acliw and support costs which ara not attribulable lo 8 Slngle •*vity arB apportior*d belween thos8 actNttigs a bask8 conslsttrnl with the use ot resource8. cen1￿1 stsff o)sts we alkxabj ￿ the b￿8 of Ilme spent, and depreciation Expenthbjre on charitablg attts¥il￿ 16 *wrred on dlredty undert8klrwJ th8 •Xlviii8s further Ihe Page 15 HILUNGDON FOODBANK NOTES TO ThE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollckns (coThtlnwd) 2.3 EX￿ndItUr0 (c(￿nUad) Al eXpe￿I￿re is w)du8r¥g of I￿￿)¥￿￿18 VAT. Tanglblo fixed assets cosllng £NIL or more wo Cathallsod WKI recognl8ed vthen fuiur8 oo)rThnlc benfjfits are wobable and cost rx vthlue of tho asset (*n b8 m888wed r8liabty. Tanglble Ilxed assets 8rn Irltslty Y80)gnl8•d •t CO8L After r8cognlUon. under c¥xt model, tsnglbbe ed 8ssets ar8 measured at u>st18ss a¢xJJmulat8d dyect.ath￿ and any aLYumulatgd impairmont 1088e8. AJI costs Incuffgd lo tybng 8 aB*t Into Its Intorthd worklw condllkn sIK￿ld b Included In the me&8urement of (x>sL Depreclatlon Is charged so as ts) alkjcate th8 of fix&1 a888ts1888 thelr r881dual valu8 over thelr 8Stlrnated UBelul . - 33.3% swhl Ilng - 25% redLK*g b8larK4 - 25% stralght Ilna Plant and mathlnery Motw vehkle8 ewlwnent 2.5 8to¢k• Sb*g 8re valued at th• kmv crf cost and r*t ro8118Rbl8 valuo aftw makkw due alkywance for ob501ete and slrAv4novlng str#*s. Cosi In(kn88 41 dlrect c%*ts and ￿ approprlate propth of flxgd 2.8 D•btor• Trnde and othor debt(K8 aro at th8 sotU•Ywt amount after any trad& d18¢1yJnt offered. PreppyTnents vdued at ts rnnt prepakl Mt of 8nytr&lè d190￿ntS (hw. 17 C••h at b•nk ￿n# Cash at bank In lThJud88 cash sh(xHerm hwty Wid invo8tmgnts wlth a ehort maturfty of three months or1888 frryn tho of 8(xwlthn ￿ op8rlw of th8 deposlt ￿ simlar a¢ownL Page 16 HILUNGIX)N FOODWIK NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 Countlng poll¢l•8 (¢ontlrnwd) 2.8 Uabllltle• and wovlsl¢ LIB￿11￿ rwnlwj thwg 55 ￿ oblgalk*i at tha 88lanc8 8t*et date as 8 resull of a past event, It Is FKoba>$8 that 8 trar￿1￿ of Korw)m* benefft VAI be reqLAr8d In sthmenl and the rnnt of the s8tUement Gan be estlmated reliably. U8tJtllJg5 arg rocognlged at the amount Ihat Ihe Charlty 8rrtldpat88 St VAII pay to settl8 the debt or the arnount11 ha¥ recelved 88 advanced p8yrnents ts th8 goods or 8er•lc86 It must provld8. Pthslong are meawrwj at the best e*lm8te of thè am￿￿9 I•]￿1•d to 88ltl8 the obllg8llon. 1Olhere the effect of thg tirn8 va￿8 of money Is malwlal, the kYovb1￿ is basgd the pr8sent value of those amounts, dSvAyJnted gt tho w&tax dscx)unt rate that refi8cts th8 rf8ks 8pedAG to th8 lo￿￿1￿. The unwlndlng of th8 di8count18 r￿0￿￿sed In Slatement of finandal 8Ctlvi11g8 a8 a finance c05L 2.9 Flnan¢lal In8trum•nts Tho Charlty orty has fin8ndal 8s8ets ffinarw￿ ligbilNles of 8 klnd thgt qu81fy a8 baslc financbgl InstwThnts. Ba￿¢ finarbc181 InsIruff￿ts 8rn knlttaly rewil88d at trnnsacth)n value and subsew8nlty moasurod at thoir setugmgnt v8lu9 with th9 gxc•pbw of b8nk kwis whkh 8r8 subsequgnlly 2.10 Op•r•tlng I••M• Rontsls poid urwjw 1oa8eB tt￿190d to tho Ststoment ol fiDgnc4al acllvltb89 on a 8trelght Ilne basls tr18 lease tm. 2.11 Pon•lo Th8 Charty (yerates a defined c4)trllxrtth SCI￿ne 8nd the p￿￿10n charg• reprnsenls U amourrts Payab￿ by the Charlty to the fund In res[￿￿ oflPo Jtar. 2.12 Fund accountlnq Gener81 fund8 we unrestrict8d fund8 vthith avali ablg ug0 at tho disLTrtlon of the Tru$1908 kn furtheranGe of thg general objecfv of ￿ Gh8rny Twhth have IKI been ¢Ja3￿nated for olher donors or vthich have been ral*l by the Chanty for Part￿ul8r wrFrf)$8s. Th9 costs of raisirwJ admin18terfng 3uth furth are djarg￿l ￿1n31 the WAfiG fur¥J. Tr alm arvj u58 of restrlded fijnd ly 88t out in ￿ nol88 b the financaal 518tenwits. P8gB 17 HILUNGLK>N FOODBANK NOTES TO THE FINANCIAL STATEMENTS FOR THE YE￿1 ENDED 31 MARCH 2024 Total fvnd8 2024 lund• 2024 fund• 2024 Donallons 32,385 79,003 79,003 79,003 32.385 111,388 lund$ 2023 fvnd8 2023 2023 Don8tkY Grants 77,203 12,500 77.263 73.232 60,732 60,732 89, 753 1é50.4815 ATr•1￿1• of •xp•ndltur• by aGtMt und•rtaken dlroctly 8upport Tot•1 fund• 2024 2024 Rent. rates WKI SUPFQrt costs Foc4J purch8se81dl8trfjlyrt (Xher profeS4on￿ fee5 In8urance Motsy expanses L￿h1 and h88t 110.984 119.789 8,536 38.613 1.805 6.380 38,613 3.873 170,251 8.805 179.056 P8gg 18 HILUNGDON FOODBANK NOTES TO THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31 MARCH 2024 Analy81$ of oxpwdliur• by acthrtum (contlrnmd) undertakgn Support oYre¢tty 2023 Total funds 2023 2023 Rent, rnt88 and 8UPPXXt Costs Food purthasesldlstribul (￿her profe88kn81 fe88 Inwrnn Mol(Y eyp8nses L*ht WKI heat 107,533 11,655 475 4.622 4.407 T. T32 &071 115,604 11,655 475 4.622 4,407 7, 732 13&424 8.071 144,495 Page 19 HIWNGDON FOODBANK NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2024 Anal￿14 of exp•n(aknr• by •cllvlUH (Gry￿nu•d) Jwly•lB of dlract costs Total funds 2024 Totsl funds 2023 Staff cos18 Ondudlry pw8kn¥) Rent and water r81BB Food Purcha8e8 63.691 40,000 8,$36 38.613 6,380 7,196 97 54.365 40,184 11,655 4T5 4.407 7,183 1.709 4,092 4,622 7.732 Repdrs and rndntenarm Other drTh In8uran Llgm & hoat 1ni,251 136,424 kn•ly•l• rf •uwrt ¢o•t• Totsl funds 2024 Tofal 2023 Consutsnq fees 635 1,200 3,934 1,350 2,763 Motor gxponses Postsge and 8t8tlor TravelllTrJ Tdephone & fax SurKlry expwws 429 267 3,053 805 8.071 Pagg 20 HlWNG[K￿ FOODBANK NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDEO 31 MARCH 2024 Ind•p•nd•nt •xamln•V• r•nwnorat 2024 2023 examlnallon of the Chartty8 accow Fees payable to tho Cl￿$ IndgFwKJ&rt kn reweGI th. All othw sap*lLw not Indud8d aLK>V8 700 2024 2023 Wages arKI sal8rtes 63,230 53.414 951 63,691 54,365 The Nmb•r of •m￿O5•d by th• Charfty the yagr wa8 a8 1011 2024 2023 No empb>w r•xlN*d remuneratkn wnMtlr¥J kn rn￿0 than £60,OC(I In kn ywr. the ￿ar. Tnthes Tec41v￿1 rem￿￿rat￿ tyother beneffts (2023. £NIL). Jrfng the sBar 8rxlad 31 Mwch 2024. rw) Tru*8 exp￿889 have been IrK#Jrrnd (2023. £NIL). Pag8 21 HILUNGI)ON FOODBANK NOTES TO THE FINANCIAL STATEMEpirs FOR ThE YEAR ENDED 31 MARCH 2024 Tanglbl• Ilx•d aM•ts Long4erm leasehokl Plant and Motor Cwnput•r prop•rty m•chln•ry v•hlcl•• •qulpm•nt Tot•1 CNt or valuatlon At 1 Wl 20rd 24888 10,1100 11749 120 4720 120 At 31 March 2024 25,888 10,000 16,869 Dyecl•tlon At 1 Aprll 2023 10.000 9,914 3.350 42,039 7,196 At 31 Marth 2024 10,000 13,214 49,235 Net book val At 31 2024 3,605 1605 At 31 March 2023 6.835 10,681 2024 2023 lkn wlthln on• y Page 22 HILUNGDON FOOOBANK NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 10. Credltorn: Amwnl• tslllng du• r*lthln ono y• 2024 2023 crther1axau￿ aThl sodal seKurtty Pen&on fund hwi pay Other cr•dltry8 1.140 193 325 773 4,857 10.650 10,650 14513 16,605 11. Statom•rt of fund• slat•m￿t olfunth . Gwrnnt y•ar 8•1￿￿ •t 31 MarGh 2024 Balanc• at 1 General Fund8 1 241153 31385 {100W) 174095 R8Jtrlc1￿j Fwth. al IIXKIS 79,003 (78.613) Totsl of ￿nds 243,153 (179,056) 175,485 Balance el 31 Marrh BelanG• ot 2023 Uw•8trfctod funds GThal Funds 1 237.163 li￿,485 (144,495) 243. 153 P8g8 23 HILUNGDON FOODBANK NOTES TO THE FINANCIAL STATEMEpirs FOR The YEAR ENOEO 31 IAARCH 2024 12. Anal￿11 of n•t ••••t• botw•n fundj Totsl funds 2024 fund• fund• 2024 Taryible tsed assots Current 8880ts Credltor8 wllhln OM 3,605 187,033 (15,543) 3,605 187,423 {145431 390 Totsl 175,095 175,485 Unrethcted rot81 fvnds 2023 2023 Tar4Jlble flxed 8886ts 10,682 249,076 (16,605) 10,682 249.076 (16,605) Total 243, 153 243, 153 11 P•n•lon commltmty Th8 chty opemes 8 definod conlrllxrtkn schem8. Tho asset8 of th8 8cheme ara held 8ep8ratsW from those of th8 charty in an Ir￿enty adrnini5t8red fiJThJ. The penskn cosl charge represents contrlbutknts p￿ble by tho charity b the fund arml am￿nIed lo £461 (2023 . £951). £193 (2023- £rn) wgrg Pa￿ to ts fund at th8 balarn% strwt dgts and are I￿luded In credltorn. Op•ratlng l•aM commltm At 31 March 2024 the Ch8rlty oynmitrnwts to rnthe fuknro M￿MuM lea88 paynents undor non. 2023 Not lalerth￿ 1 ytar 40,000 Page 24