**Registered number: 08147165 Charity number: 1148358** 

**HAMMERSMITH AND FULHAM FOODBANK (A company limited by guarantee)** 

**TRUSTEES' REPORT AND FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 MARCH 2023** 

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## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and administrative details of the charitable company, its Trustees and**|1|
|**advisers**||
|**Trustees' report**|2 - 6|
|**Independent auditors' report on the financial statements**|7 - 10|
|**Statement of financial activities**|11|
|**Balance sheet**|12 - 13|
|**Statement of cash flows**|14|
|**Notes to the financial statements**|15 - 31|





## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023** 

|**Trustees**|John Griffiths|
|---|---|
||Rohan Worrall (resigned 15 November 2023)|
||Father Richard Nesbitt (resigned 16 November 2023)|
||Susan Spiller (resigned 7 March 2023)|
||Vivienne Lukey|
||Anthony Macdonald (appointed 7 March 2023)|
||Frances Le Grys (appointed 7 March 2023)|
||Aiden Kremin-Pacey (appointed 7 March 2023)|
||Marianne Hanjaras (appointed 7 March 2023)|
||James Bechely-Crundall (appointed 7 March 2023)|
|**Company registered**<br>**number**<br>08147165<br>**Charity registered**<br>**number**<br>1148358<br>**Registered office**<br>St Matthews Church<br>Wandsworth Bridge Road<br>London<br>SW6 2TX<br>**Company secretary**<br>Philip Storey<br>**Independent auditors**<br>MA Partners Audit LLP<br>Chartered Accountants & Statutory Auditors<br>7 The Close<br>Norwich<br>Norfolk<br>NR1 4DJ||



Page 1 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023** 

The Trustees present their annual report together with the audited financial statements of the Hammersmith and Fulham Foodbank for the year 1 April 2022 to 31 March 2023. 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 charitable company'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 charitable company 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. Mission, Vision and Values** 

The Mission, as is set out in the objectives contained in the company's memorandum of association, is to provide food in response to needs of people who reside in and around the London Borough of Hammersmith and Fulham, and are in possession of vouchers, to the best of our ability. In addition to assist clients by referral to other agencies where specifc help towards an unmet need may be obtained. 

The vision is to eradicate food poverty and its causes in and around Hammersmith and Fulham. All those who are hungry and unable to afford food due to a crisis, as attested by a relevant professional (GP, Nurse, Social Worker, Teacher, Citizens Advice etc); should be able to receive an emergency supply of food and other items from a Hammersmith & Fulham Foodbank Distribution Centre within reasonable travelling distance from their home. Food is obtained by collections at supermarkets, donations by churches, schools. businesses and individuals in the Borough. Should demand exceed supply, wholesale purchasing of food is carried out in line with our budget. 

The values of Hammersmith & Fulham Foodbank (HFFB) are that we deliver services with compassion, integrity led by client need whilst being inclusive and community focussed. HFFB is affiliated to the Trussell Trust, a Charity which has organised and assisted over 400 Food Banks to come into being. They provide guidance, advocacy and publicity and have independent oversight over the operations. 

Our Founder, Daphine Aikens, established a comprehensive network of stakeholders who supply food and finance. These include over 350 organisations who distribute our food referral vouchers, and many individuals. We wish to express our profound thanks to all those whose generosity and commitment have made the achievements to date possible. A number of supermarkets in the Borough allow us to hold regular collections and donate generously on top of what is given. Other businesses and libraries also sponsor food collection boxes. 

## **Governance & Management** 

## **a. Structure, governance & management** 

The Charity acts under the governance of the Articles of Association. The company is one Limited by Guarantee. The Trustees have been made aware of the requirements of the Charity Commission. 

Page 2 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** 

## **Governance & Management (continued)** 

## **b. Significance of volunteers in our operation** 

Volunteers are a key part of our organisation. Much of our sessions and services are delivered by a team of over 200 volunteers, recruited, inducted and supported by our Volunteer Coordinator. Our 8 Foodbank sessions per week at 4 locations each have an experienced volunteer team, led by their respective volunteer supervisors. In addition, we have our warehouse volunteer team, who sort and pack food for sessions. 

We offer wraparound support at our Hub location on White City estate with a team of volunteers. Volunteer drivers, administrators and a team making home deliveries to housebound clients help to support our operational delivery. We ensure our volunteers are trained in the basic essentials and then offer development training appropriate to their role. 

Following Covid we have reverted back to full in person provision at foodbank centres. 

The Trustees recognise their responsibilities to ensure safety and mitigation of risks which is carried out according to Trussell Trust Guidelines in conjunction with the Chief Executive. 

At the end of the financial year, we expanded our trustee board team with 5 new trustees. This allowed us to expand our governance structure to include sub-committees in Finance, Marketing and Communications, HR and Volunteering, Governance and Risk. 

During this year our staff team consisted of; CEO, Deputy CEO, Warehouse Coordinator, Operations Coordinator, Volunteer Co-ordinator, Administrator and part time Hub Supervisor, part time Finance Manager supported by part time Finance Administrator (contractor). Funding to maintain current staffing levels is a high priority for the coming year. 

## **c. How our activities deliver public benefit** 

Our main activities focus on the provision of food to people who live in and around the London Borough of Hammersmith & Fulham who are deemed to be in crisis, and are undertaken to further our charitable purposes for the public benefit. We focus on resolving the underlying cause of our clients’ need for emergency food, working in partnership to resolve these issues and prevent dependence on emergency food. 

## **d. Who benefits from the services?** 

Our objective is to limit the services we provide to residents of the Borough of Hammersmith & Fulham and its environs. Equal access to our services is an important issue to us and we monitor access to our services by age and ethnic background. 

Page 3 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** 

## **Principal activities and performance** 

## **a. Performance review** 

During the year to 31 March 2023, the Hammersmith & Fulham Foodbank's income has risen to £1,063,514 from last year’s figure of £830,938 (year ended 31 March 2022). This value includes donated food stock as well as financial donations. 

We primarily rely on voluntary financial donations and grants for our financial income as well as our local community, businesses and schools, particularly for food donations. Whereas the donations have increased year on year, so have our operational costs and also our food purchasing to meet the need in the borough. 

Operational expenses therefore increased from £685,048 in the year ended 31 March 2022 to £1,017,577 in the current year. 

To meet the need we have managed to secure donations and purchased food totalling 125 tonnes (106 tonnes in the year ended 31 March 2022). General food price increases have affected our food expenditure and donations - the Trussell Trust has reflected this in a revised stock calculation at £2.37 per kilo, up from £1.75 from the previous financial year. This increased stock donation value affecting our overall income total, has resulted in an unforeseen financial audit this year. 

Following Covid we have been able to reintroduce our wrap around services on site, such as Citizens Advice as well as professional counselling and we were fortunate to be able to provide necessary items beyond food to those in crisis over winter following local grant funding for this purpose. 

## **b. Arrangements for setting pay and remuneration of key management personnel** 

The pay and remuneration of our staff team is reviewed at least annually by the Board of Trustees. Remuneration is reviewed based on performance of role and inflation rates. Intermittently, roles are also compared to similar roles across the charitable sector in London as was the case in this financial year. 

## **c. Reserves Policy** 

The Trustees' policy is to maintain a level of reserves which will provide a stable base for its continuing activities. Unrestricted reserves have increased from £547,247 at 31 March 2022 to £566,001 at 31 March 2023. The Trustees believe this level of reserves is adequate for the continuing operation of the charity, based on six months of operational expenses. 

## **d. Fund - raising standards information** 

HFFB is committed to protecting donors and the public, including vulnerable people, from poor fundraising practice. The CEO is predominantly responsible for grant funding applications and overseeing the existing donor relationships in addition to cultivating new relationships. In addition to income provided through grants, donations are made by local companies, members of the public and through collections via schools and churches. Should a donation be given for a particular cause, this is ringfenced as such. Full information of where the funds will be used is provided when requested. To protect vulnerable people, we do not use third party fundraising agents, or engage in cold calling practices. All donations are entirely voluntary. We are also a member of the Fundraising Regulator Body. 

Page 4 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** 

## **e. Plans for future periods** 

HFFB co-chairs the borough's Food Strategy group and work in this area will bring together emergency food providers, identify and plan for the main drivers of food poverty in the borough and look at good practice nationally to drive future priorities. 

The work as a Trussell Trust Pathfinder Foodbank continues to look at delivery projects and policy influence that address the main causes of food crisis in the borough. 

## **f. Going concern** 

The Board of Trustees in addition to the CEO and Finance Manager look closely at the funding levels. This is reviewed every quarter at the Trustee meeting. The Board of Trustees is satisfied that the current level of funding is adequate to meet its financial obligations over the next 12 months. 

## **g. Risk Management** 

The Board of Trustees has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. 

## **Structure, governance and management** 

## **Statement of Trustees' responsibilities** 

The Trustees (who are also the directors of the charitable company 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 charitable company 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 charitable company will continue in business. 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Page 5 



## **HAMMERSMITH AND FULHAM FOODBANK** 

**(A company limited by guarantee)** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** 

## **Disclosure of information to auditors** 

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that: 

- so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and 

- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information. 

Approved by order of the members of the board of Trustees and signed on their behalf by: 

**John Griffiths** Trustee 


Date: 19 December 2023 

Page 6 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HAMMERSMITH AND FULHAM FOODBANK** 

## **Qualified Opinion** 

We have audited the financial statements of Hammersmith and Fulham Foodbank (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). 

Except for for the effects of the matter described in the basis for qualified opinion section of our report, in our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## **Basis for opinion** 

We have been unable to obtain sufficient appropriate audit evidence regarding the existence of stock, valued at £39,399 at 31 March 2023, as we did not observe a stock count on that date. 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. 

Page 7 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HAMMERSMITH AND FULHAM FOODBANK (CONTINUED)** 

## **Other information** 

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Matters on which we are required to report by exception** 

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: 

- the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or 

- sufficient accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

Page 8 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HAMMERSMITH AND FULHAM FOODBANK (CONTINUED)** 

## **Auditors' responsibilities for the audit of the financial statements** 

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company. 

Our approach was as follows: 

- We obtained an understanding of the legal and regulatory requirements applicable to the charitable company and considered that the most significant are the Companies Act 2006, the Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council. 

- We obtained an understanding of how the charitable company complies with these requirements by discussions with management and those charged with governance. 

- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance. 

- We inquired of management and those charged with governance as to any known instances of noncompliance or suspected non-compliance with laws and regulations. 

- Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required. 

Page 9 



**(A company limited by guarantee)** 

## **HAMMERSMITH AND FULHAM FOODBANK** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HAMMERSMITH AND FULHAM FOODBANK (CONTINUED)** 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report. 

## **Use of our report** 

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. 


## **MA Partners Audit LLP** 

Chartered Accountants & Statutory Auditors 7 The Close Norwich Norfolk NR1 4DJ 

Date: 21 December 2023 

MA Partners Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. 

Page 10 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023** 

|**Note**<br>**Income from:**<br>Donations and grants<br>3<br>Investments<br>4<br>**Total income**<br>**Expenditure on:**<br>Raising funds<br>5<br>Charitable activities<br>6<br>**Total expenditure**<br>**Net income**<br>Transfers between funds<br>15<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>Net movement in funds<br>**Total funds carried forward**|**Restricted**<br>**funds**<br>**2023**<br>**£**<br>**394,356**<br>**-**<br>**394,356**<br>**-**<br>**368,443**<br>**368,443**<br>**25,913**<br>**1,270**<br>**27,183**<br>**263,056**<br>**27,183**<br>**290,239**|**Unrestricted**<br>**funds**<br>**2023**<br>**£**<br>**666,737**<br>**2,421**<br>**669,158**<br>**410**<br>**648,724**<br>**649,134**<br>**20,024**<br>**(1,270)**<br>**18,754**<br>**547,247**<br>**18,754**<br>**566,001**|**Total**<br>**funds**<br>**2023**<br>**£**<br>**1,061,093**<br>**2,421**<br>**1,063,514**<br>**410**<br>**1,017,167**<br>**1,017,577**<br>**45,937**<br>**-**<br>**45,937**<br>**810,303**<br>**45,937**<br>**856,240**|_Total_<br>_funds_<br>_2022_<br>_£_<br>_830,938_<br>_-_|
|---|---|---|---|---|
|||||_830,938_|
|||||_2,482_<br>_682,566_|
|||||_685,048_|
|||||_145,890_<br>_-_|
|||||_145,890_|
|||||_664,413_<br>_145,890_|
|||||_810,303_|



The Statement of financial activities includes all gains and losses recognised in the year. 

The notes on pages 15 to 31 form part of these financial statements. 

Page 11 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee) REGISTERED NUMBER: 08147165** 

## **BALANCE SHEET AS AT 31 MARCH 2023** 

|**Note**<br>**Fixed assets**<br>Tangible assets<br>11<br>**Current assets**<br>Food Stock<br>12<br>Debtors<br>13<br>Cash at bank and in hand<br>Creditors: amounts falling due within one<br>year<br>14<br>**Net current assets**<br>**Total net assets**<br>**Charity funds**<br>Restricted funds<br>15<br>Unrestricted funds<br>15<br>**Total funds**|**39,399**<br>**12,730**<br>**777,556**<br>**829,685**<br>**(45,928)**|**2023**<br>**£**<br>**72,483**<br>**72,483**<br>**783,757**<br>**856,240**<br>**290,239**<br>**566,001**<br>**856,240**|_32,208_<br>_13,456_<br>_756,677_<br>_802,341_<br>_(15,950)_|_2022_<br>_£_<br>_23,912_|
|---|---|---|---|---|
|||||_23,912_<br>_786,391_|
||||||
|||||_810,303_|
|||||_263,056_<br>_547,247_|
||||||
|||||_810,303_|



Page 12 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee) REGISTERED NUMBER: 08147165** 

## **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023** 

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006. 

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 

However, an audit is required in accordance with section 144 of the Charities Act 2011. 

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. 

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. 

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

**John Griffiths** Trustee 


Date: 19 December 2023 

The notes on pages 15 to 31 form part of these financial statements. 

Page 13 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023** 

|**Cash flows from operating activities**<br>Net cash used in operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>**Net cash used in investing activities**<br>**Cash flows from financing activities**<br>**Net cash provided by financing activities**<br>**Change in cash and cash equivalents in the year**<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**<br>The notes on pages 15 to 31 form part of these financial statements|**2023**<br>**£**<br>**92,342**<br>**(71,463)**<br>**(71,463)**<br>**-**<br>**20,879**<br>**756,677**<br>**777,556**|_2022_<br>_£_<br>_208,124_<br>_(6,898)_<br>**(6,898)**<br>**-**<br>**201,226**<br>_555,451_<br>_756,677_|
|---|---|---|



Page 14 



**HAMMERSMITH AND FULHAM FOODBANK (A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **1. General information** 

Hammersmith and Fulham Foodbank ("the charitable company") is a private company limited by guarantee and incorporated in England and Wales, registration number 08147165. 

## **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. 

Hammersmith and Fulham 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** 

The Trustees are confident that the charitable company can continue its successful track record of securing the funds needed to support its valuable work. This will be achieved by the senior managers and fundraising team applying for grants and donations. The charitable company's annual budgets and fundraising log demonstrate how the income will be raised to meet all the charitable expendiutre and support costs as they fall due. The Trustees therefore consider it appropriate to prepare the financial statements on the going concern basis. 

## **2.3 Income** 

All income is recognised once the charitable 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. 

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. 

## **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 on raising funds includes all expenditure incurred by the charitable company to raise funds for its charitable purposes and includes costs of all fundraising activities events and noncharitable trading. 

Page 15 



## **HAMMERSMITH AND FULHAM FOODBANK** 

**(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **2. Accounting policies (continued)** 

## **2.4 Expenditure (continued)** 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitable company's objectives, as well as any associated support costs. 

All expenditure is inclusive of irrecoverable VAT. 

## **2.5 Gift Aid** 

In the case of a Gift Aid payment made within the Group, income is accrued when the payment is payable to the parent charitable company under a legal obligation. Measurement is at the fair value receivable, which will normally be the transaction value. 

Where the right to receive Gift Aid has been established, the amount receivable is recognised as investment income in the Statement of financial activities. 

## **2.6 Tangible fixed assets and depreciation** 

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, using the straight-line method. 

Depreciation is provided on the following basis: 

|Leasehold Improvements|-|25%|
|---|---|---|
|Motor vehicles|-|25%|
|Fixtures and fittings|-|33%|



## **2.7 Stocks** 

Stock of food is held at net realisable value, which is deemed to be £2.37 per kilogram (£1.75 per kilogram in prior year). 

## **2.8 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. 

## **2.9 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 16 



## **HAMMERSMITH AND FULHAM FOODBANK** 

**(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **2. Accounting policies (continued)** 

## **2.10 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 charitable 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. 

## **2.11 Financial instruments** 

The charitable company 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. 

## **2.12 Pensions** 

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

## **2.13 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 charitable 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 charitable 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 17 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **3. Income from donations and grants** 

|Donations<br>Grants<br>**Total 2023**<br>_Total 2022_<br>**4.**<br>**Investment income**<br>Bank interest|**Restricted**<br>**funds**<br>**2023**<br>**Unrestricted**<br>**funds**<br>**2023**<br>**£**<br>**£**<br>41,100<br>658,420<br>353,256<br>8,317<br>394,356<br>666,737<br>_338,010_<br>_492,928_<br>**Unrestricted**<br>**funds**<br>**2023**<br>**£**<br>2,421|**Total**<br>**funds**<br>**2023**<br>**£**<br>**699,520**<br>**361,573**<br>**1,061,093**<br>_830,938_<br>**Total**<br>**funds**<br>**2023**<br>**£**<br>**2,421**|_Total_<br>_funds_<br>_2022_<br>_£_<br>_553,964_<br>_276,974_|
|---|---|---|---|
||||_830,938_|
||||_Total_<br>_funds_<br>_2022_<br>_£_<br>_-_|



|**5.**<br>**Expenditure on raising funds**<br>**Fundraising trading expenses**<br>**Unrestricted**<br>**funds**<br>**2023**<br>**£**<br>Fundraising<br>410<br>_Total 2022_<br>_2,482_|**Total**<br>**funds**<br>**2023**<br>**£**<br>**410**<br>_2,482_|_Total_<br>_funds_<br>_2022_<br>_£_<br>_2,482_|
|---|---|---|
||||



Page 18 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **6. Analysis of expenditure on charitable activities** 

## **Summary by fund type** 

|Charitable activities<br>_Total 2022_<br>**Analysis of expenditure by activities**<br>Charitable activities<br>_Total 2022_<br>**Analysis of direct costs**<br>Opening stock<br>Purchases<br>Donated stock distributed<br>Closing stock<br>**Total 2023**|**Restricted**<br>**funds**<br>**2023**<br>**Unrestricted**<br>**funds**<br>**2023**<br>**£**<br>**£**<br>368,443<br>648,724<br>_-_<br>_682,566_<br>**Activities**<br>**undertaken**<br>**directly**<br>**2023**<br>**Support**<br>**costs**<br>**2023**<br>**£**<br>**£**<br>310,524<br>706,643<br>_257,278_<br>_425,288_|**Total**<br>**2023**<br>**£**<br>**1,017,167**<br>_682,566_<br>**Total**<br>**funds**<br>**2023**<br>**£**<br>**1,017,167**<br>_682,566_<br>**Total**<br>**funds**<br>**2023**<br>**£**<br>**32,208**<br>**89,434**<br>**228,281**<br>**(39,399)**<br>**310,524**|_Total_<br>_2022_<br>_£_<br>_682,566_<br>_Total_<br>_funds_<br>_2022_<br>_£_<br>_682,566_<br>_Total_<br>_funds_<br>_2022_<br>_£_<br>_77,082_<br>_42,782_<br>_169,622_<br>_(32,208)_<br>_257,278_|
|---|---|---|---|



## **7. Analysis of expenditure by activities** 

Page 19 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **7. Analysis of expenditure by activities (continued)** 

## **Analysis of support costs** 

|Staff costs<br>Depreciation<br>Costs associated with COVID<br>Foodbank centre costs<br>Travel costs<br>Volunteer expenses<br>Office expenditure<br>Hub (rent & other utilities)<br>Storage costs<br>More than Food<br>Recruitment / HR costs<br>Miscellaneous expenses<br>Contractors & casual labour<br>Advice Services<br>Bank Charges<br>Distribution Costs<br>Staff Training<br>Governance costs<br>**Total 2023**<br>**8.**<br>**Auditors' remuneration**<br>Fees payable to the charitable company's auditor for the audit of the<br>charitable company's annual accounts|**Total**<br>**funds**<br>**2023**<br>**£**<br>**332,406**<br>**22,892**<br>**525**<br>**32,820**<br>**4,005**<br>**9,978**<br>**16,437**<br>**28,797**<br>**5,232**<br>**74,793**<br>**31,900**<br>**540**<br>**98,937**<br>**14,891**<br>**198**<br>**22,912**<br>**3,850**<br>**5,530**<br>**706,643**<br>**2023**<br>**£**<br>**5,500**|_Total_<br>_funds_<br>_2022_<br>_£_<br>_228,639_<br>_28,307_<br>_48,827_<br>_24,481_<br>_4,864_<br>_3,295_<br>_13,405_<br>_23,411_<br>_4,890_<br>_14,517_<br>_14,355_<br>_430_<br>_8,093_<br>_-_<br>_-_<br>_-_<br>_-_<br>_7,774_|
|---|---|---|
|||_425,288_|
|||_2022_<br>_£_<br>_5,100_|



Page 20 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **9. Staff costs** 

|Wages and salaries<br>Social security costs<br>Contribution to defined contribution pension schemes|**2023**<br>**£**<br>**292,083**<br>**25,375**<br>**14,948**<br>**332,406**|_2022_<br>_£_<br>_199,363_<br>_14,865_<br>_14,411_|
|---|---|---|
||||
|||_228,639_|



The average number of persons employed by the charitable company during the year was as follows: 

||**2023**|_2022_|
|---|---|---|
||**No.**|_No._|
|Management and Administration|**8**|_7_|



The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 

|||**2023**|_2022_|
|---|---|---|---|
|||**No.**|_No._|
|In the band £60,001|- £70,000|**1**|_-_|



The total remuneration for key management personnel for the year totalled £70,664 (2022: £63,872) 

## **10. Trustees' remuneration and expenses** 

During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ . 

During the year ended 31 March 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ . 

Page 21 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **11. Tangible fixed assets** 

|**Cost or valuation**<br>At 1 April 2022<br>Additions<br>At 31 March 2023<br>**Depreciation**<br>At 1 April 2022<br>Charge for the year<br>At 31 March 2023<br>**Net book value**<br>At 31 March 2023<br>_At 31 March 2022_<br>**Stocks**<br>Food stock|**Short-term**<br>**leasehold**<br>**property**<br>**£**<br>**52,031**<br>**16,760**<br>**68,791**<br>**52,031**<br>**3,188**<br>**55,219**<br>**13,572**<br>_-_|**Motor**<br>**vehicles**<br>**£**<br>**37,034**<br>**46,982**<br>**84,016**<br>**18,518**<br>**15,131**<br>**33,649**<br>**50,367**<br>_18,516_|**Fixtures and**<br>**fittings**<br>**£**<br>**42,540**<br>**7,721**<br>**50,261**<br>**37,144**<br>**4,573**<br>**41,717**<br>**8,544**<br>_5,396_<br>**2023**<br>**£**<br>**39,399**|**Total**<br>**£**<br>**131,605**<br>**71,463**|
|---|---|---|---|---|
|||||**203,068**|
|||||**107,693**<br>**22,892**|
|||||**130,585**|
|||||**72,483**|
|||||_23,912_|
|||||_2022_<br>_£_<br>_32,208_|



## **12. Stocks** 

Page 22 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **13. Debtors** 

|**Due within one year**<br>Prepayments and accrued income<br>Gift aid receivable|**2023**<br>**£**<br>**6,213**<br>**6,517**<br>**12,730**|_2022_<br>_£_<br>_4,807_<br>_8,649_|
|---|---|---|
||||
|||_13,456_|



## **14. Creditors: Amounts falling due within one year** 

|Trade creditors<br>Accruals and deferred income|**2023**<br>**£**<br>**20,137**<br>**25,791**<br>**45,928**|_2022_<br>_£_<br>_690_<br>_15,260_|
|---|---|---|
||||
|||_15,950_|



Page 23 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **15. Statement of funds** 

**Statement of funds - current year** 

|**Unrestricted funds**<br>**Designated funds**<br>Coronavirus<br>**General funds**<br>Reserves<br>**Total Unrestricted funds**|**Balance at 1**<br>**April 2022**<br>**£**<br>**73,146**<br>**474,101**<br>**547,247**|**Income**<br>**£**<br>**-**<br>**669,158**<br>**669,158**|**Expenditure**<br>**£**<br>**-**<br>**(649,134)**<br>**(649,134)**|**Transfers**<br>**in/out**<br>**£**<br>**(73,146)**<br>**71,876**<br>**(1,270)**|**Balance at**<br>**31 March**<br>**2023**<br>**£**<br>**-**|
|---|---|---|---|---|---|
||||||**566,001**|
||||||**566,001**|



Page 24 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **15. Statement of funds (continued)** 

|**Restricted funds**<br>Salary Fund<br>Transport and Storage Fund<br>(Strategic Facilities)<br>The Hub<br>Advice Services<br>Holiday Club<br>Food<br>More than Food<br>Food for Thought (Counselling)<br>Christmas<br>Van<br>Volunteer development<br>Other<br>Pathfinder<br>Food Roots (Food Strategy)<br>**Total of funds**|**Balance at 1**<br>**April 2022**<br>**£**<br>**69,123**<br>**7,024**<br>**4,545**<br>**37,405**<br>**3,481**<br>**18,751**<br>**24,014**<br>**28,366**<br>**184**<br>**38,716**<br>**22,308**<br>**9,139**<br>**-**<br>**-**<br>**263,056**<br>**810,303**|**Income**<br>**£**<br>**69,146**<br>**10,920**<br>**51,900**<br>**36,887**<br>**-**<br>**53,377**<br>**42,675**<br>**24,300**<br>**1,000**<br>**9,000**<br>**21,860**<br>**122**<br>**59,969**<br>**13,200**<br>**394,356**<br>**1,063,514**|**Expenditure**<br>**£**<br>**(53,934)**<br>**(12,598)**<br>**(61,371)**<br>**(40,235)**<br>**-**<br>**(67,790)**<br>**(48,618)**<br>**(5,850)**<br>**(1,225)**<br>**(15,131)**<br>**(24,063)**<br>**-**<br>**(37,628)**<br>**-**<br>**(368,443)**<br>**(1,017,577)**|**Transfers**<br>**in/out**<br>**£**<br>**-**<br>**-**<br>**5,368**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**41**<br>**-**<br>**-**<br>**(4,139)**<br>**-**<br>**-**<br>**1,270**<br>**-**|**Balance at**<br>**31 March**<br>**2023**<br>**£**<br>**84,335**<br>**5,346**<br>**442**<br>**34,057**<br>**3,481**<br>**4,338**<br>**18,071**<br>**46,816**<br>**-**<br>**32,585**<br>**20,105**<br>**5,122**<br>**22,341**<br>**13,200**|
|---|---|---|---|---|---|
||||||**290,239**|
||||||**856,240**|



Page 25 



## **HAMMERSMITH AND FULHAM FOODBANK** 

**(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **15. Statement of funds (continued)** 

## **Designated Funds** 

**Coronavirus** - This fund was to enable the Foodbank to increase activity during the Pandemic. 

## **Restricted Funds** 

**Salary Fund** - The fund is to contribute towards the salary of the staff team. 

**Transport and Storage Fund (Strategic Facilities)** - This covers rental and utility costs of our centres and some asset costs for the improvement of the site. 

**Head Office** - The fund is to build and fit out an office space in Fulham. 

**The Hub** - The fund (from Hammersmith & Fulham Council) is to provide for the salary of the manager and provide for the running costs of this centre. 

**Advice Services** - For provision of Advice Services to our Clients, predominantly from a specialist from the Citizens Advice Bureau 

**Holiday Club** - The fund is to carry out a school holiday club for referred primary school children. 

**Food** - The fund is to purchase additional food stocks to top up donated supplies. 

**More than Food** - This fund is for the provision of essential items to those in crisis which extends beyond food. 

**Food for Thought (Counselling)** - Funding to deliver talking therapy from qualified counsellors for registered Foodbank clients either on site or remote delivery. 

**Christmas** - This fund is for the purchase of Christmas related supplies and food. 

**Van** - This fund is to purchase a new electric van for food distribution and collection. 

**Volunteer Development** - This fund is for the wages of the Volunteer Coordinator with the remainder mainly towards volunteer training. 

**Other** - This fund was held for a project that took place in 2020/21. 

**Pathfinder** - This fund covers the fees of a Social Inclusion Coordinator for project work and the wages for a Research Coordinator and affiliated costs. 

**Food Roots (Food Strategy)** - This fund is to develop the Food Strategy Group and is primarily used to pay the fees of a group coordinator role. 

Page 26 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **15. Statement of funds (continued)** 

## **Statement of funds - prior year** 

|**Unrestricted funds**<br>**Designated funds**<br>Coronavirus<br>**General funds**<br>General Funds<br>**Total Unrestricted funds**|_Balance at_<br>_1 April 2021_<br>_£_<br>_115,577_<br>_343,556_<br>_459,133_|_Income_<br>_£_<br>_-_<br>_492,928_<br>_492,928_|_Expenditure_<br>_£_<br>_(42,431)_<br>_(362,383)_<br>_(404,814)_|_Balance at_<br>_31 March_<br>_2022_<br>_£_<br>_73,146_|
|---|---|---|---|---|
|||||_474,101_|
|||||_547,247_|



Page 27 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **15. Statement of funds (continued)** 

|**Restricted funds**<br>Salary Fund<br>Transport and Storage Fund (Strategic<br>Facilities)<br>Head Office Fund<br>The Hub<br>Advice Services<br>Holiday Club<br>Food<br>More than Food<br>Food for Thought (Counselling)<br>Coronavirus<br>Christmas<br>Van<br>Volunteer development<br>Other<br>**Total of funds**|_Balance at_<br>_1 April 2021_<br>_£_<br>_101,033_<br>_296_<br>_10,672_<br>_9,708_<br>_1,500_<br>_3,481_<br>_43,164_<br>_-_<br>_1,528_<br>_-_<br>_184_<br>_24,575_<br>_-_<br>_9,139_<br>_205,280_<br>_664,413_|_Income_<br>_£_<br>_49,696_<br>_20,000_<br>_-_<br>_51,000_<br>_44,946_<br>_-_<br>_4,377_<br>_91,393_<br>_26,838_<br>_2,000_<br>_-_<br>_23,400_<br>_24,360_<br>_-_<br>_338,010_<br>_830,938_|_Expenditure_<br>_£_<br>_(81,606)_<br>_(13,272)_<br>_(10,672)_<br>_(56,163)_<br>_(9,041)_<br>_-_<br>_(28,790)_<br>_(67,379)_<br>_-_<br>_(2,000)_<br>_-_<br>_(9,259)_<br>_(2,052)_<br>_-_<br>_(280,234)_<br>_(685,048)_|_Balance at_<br>_31 March_<br>_2022_<br>_£_<br>_69,123_<br>_7,024_<br>_-_<br>_4,545_<br>_37,405_<br>_3,481_<br>_18,751_<br>_24,014_<br>_28,366_<br>_-_<br>_184_<br>_38,716_<br>_22,308_<br>_9,139_|
|---|---|---|---|---|
|||||_263,056_|
|||||_810,303_|



Page 28 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **16. Summary of funds** 

## **Summary of funds - current year** 

|Designated funds<br>General funds<br>Restricted funds|**Balance at 1**<br>**April 2022**<br>**£**<br>**73,146**<br>**474,101**<br>**263,056**<br>**810,303**|**Income**<br>**£**<br>**-**<br>**669,158**<br>**394,356**<br>**1,063,514**<br>_Balance at_<br>_1 April 2021_<br>_£_<br>_115,577_<br>_343,556_<br>_205,280_<br>_664,413_|**Expenditure**<br>**£**<br>**-**<br>**(649,134)**<br>**(368,443)**<br>**(1,017,577)**<br>_Income_<br>_£_<br>_-_<br>_492,928_<br>_338,010_<br>_830,938_|**Transfers**<br>**in/out**<br>**£**<br>**(73,146)**<br>**71,876**<br>**1,270**<br>**-**<br>_Expenditure_<br>_£_<br>_(42,431)_<br>_(362,383)_<br>_(280,234)_<br>_(685,048)_|**Balance at**<br>**31 March**<br>**2023**<br>**£**<br>**-**<br>**566,001**<br>**290,239**|
|---|---|---|---|---|---|
||||||**856,240**|
||||||_Balance at_<br>_31 March_<br>_2022_<br>_£_<br>_73,146_<br>_474,101_<br>_263,056_|
|**Summary of funds - prior year**||||||
|Designated funds<br>General funds<br>Restricted funds||||||
||||||_810,303_|



## **17. Analysis of net assets between funds** 

## **Analysis of net assets between funds - current year** 

|Tangible fixed assets<br>Current assets<br>Creditors due within one year<br>**Total**|**Restricted**<br>**funds**<br>**2023**<br>**Unrestricted**<br>**funds**<br>**2023**<br>**£**<br>**£**<br>-<br>72,483<br>290,239<br>539,446<br>-<br>(45,928)<br>290,239<br>566,001|**Total**<br>**funds**<br>**2023**<br>**£**<br>**72,483**<br>**829,685**<br>**(45,928)**|
|---|---|---|
|||**856,240**|



Page 29 



## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **17. Analysis of net assets between funds (continued)** 

## **Analysis of net assets between funds - prior year** 

|_Restricted_<br>_funds_<br>_2022_<br>_Unrestricted_<br>_funds_<br>_2022_<br>_£_<br>_£_<br>Tangible fixed assets<br>_-_<br>_23,912_<br>Current assets<br>_263,056_<br>_539,285_<br>Creditors due within one year<br>_-_<br>_(15,950)_<br>**Total**<br>_263,056_<br>_547,247_<br>**18.**<br>**Reconciliation of net movement in funds to net cash flow from operating activities**<br>**2023**<br>**£**<br>Net income for the year (as per Statement of Financial Activities)<br>**45,937**<br>**Adjustments for:**<br>Depreciation charges<br>**22,892**<br>(Increase)/Decrease in stocks<br>**(7,191)**<br>Decrease in debtors<br>**726**<br>Increase/(Decrease) in creditors<br>**29,978**<br>**Net cash provided by operating activities**<br>**92,342**<br>**19.**<br>**Analysis of cash and cash equivalents**<br>**2023**<br>**£**<br>Cash in hand<br>**777,556**<br>**Total cash and cash equivalents**<br>**777,556**|_Total_<br>_funds_<br>_2022_<br>_£_<br>_23,912_<br>_802,341_<br>_(15,950)_<br>_810,303_<br>_2022_<br>_£_<br>_145,890_<br>_28,307_<br>_44,874_<br>_5,554_<br>_(16,501)_<br>_208,124_<br>_2022_<br>_£_<br>_756,677_<br>_756,677_|
|---|---|



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## **HAMMERSMITH AND FULHAM FOODBANK** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **20. Analysis of changes in net debt** 

|Cash at bank and in hand|**At 1 April**<br>**2022**<br>**£**<br>**756,677**<br>**756,677**|**Cash flows**<br>**£**<br>**20,879**<br>**20,879**|**At 31 March**<br>**2023**<br>**£**<br>**777,556**|
|---|---|---|---|
||||**777,556**|



## **21. Related party transactions** 

In the current year, donations from Trustees totalling £92 were received by the charity. 

In the current year, Sonali Kumarakulasinghe (cousin of Rohan Worral, Chair of Trustees) received £3,816 (2022: £10,268) for provision of Human Resources Consultancy services. 

In the current year, funds totalling £12,675 (2022: £8,372) were received from H&F Giving Ltd, previously United in Hammersmith and Fulham, a charity of which Vivienne Lukey, a Trustee, is also a Trustee. 

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