Braintree Area foodb BRAINTREE AREA FOODBANK LTD TRUSTEES ANNUAL REPORT AND ACCOUNTS YEAR ENDED 313T MARCH 2024 Reglstered In England and Wales Charity No: 1148782 Company No: 08183618 the trussell trust
Braintree Area Foodbank Limited Financial Ststsments Page(sl Charity Reference and Administrative Details Trustees, Annual Report Disclosure of informalion to independent reviv Independent Examinerfs Report Statement of Financial Aclivitses (including Income and Expenditure Report) Balan Sheet Statement of Cash Flows 10 Notes to Finanaal Statements 11-21
food Braintree Area Foodbank Limited Charity Reference and Admlnlstrative Details Year ended 311t March 2024 Charity Registration Number 1148782 Company Registration Number 08183618 Trustees and Director5 who have served during the year arKI since the year end Rosemary Joy Bailey Jonathan Denison Cross (stood down 4 November 2023) Zelma HO (ctropted 4° November 2023) Lyndon John HopkN)s Roman Henry Kukiewicz (appointed 4" November 2023> Graham Charfe5 Paternan Lisa Margaret Scott Malcolm Henry Seward (appointed 4th November 2023) John Edward VandLwne (st(Mxl down 4. Novembw 2023) George Martin Wafula Robert Wakeman Dale Jason West {CCH)pled 141 June 2024) CoTnpany Secretsry Zelma Holt Registered Office Unit 6 Lakes Industrial Park Lower Chapel Hdl Braintree CM7 3RU IrKJependent Examiner Ltsa Greenw( FCCA Lambert Chapman LLP 3 Wamer5 Mill. Silks Way, CM7 3GB Solicitor Holmes & Hills LLP 9 8ocking ErKI Brantree CM7 9AJ Bankers CAF Bank Ltd 25 Kingshll Avenue Kingshiu West Malling ME19 4JQ
Braintree Area Foodbank Limited Trustees, Annual Report {including DlrectOT5' Report and Strategic Report) Year ended 31•t March 2024 The Trustees wesent their report and financial statements of the charity for the year end 31" March 2024. Objectives and Actlvltles The objectives of the charity are the reli of wverty in the Braintree area in particular. but not exclusively, by providing ernergency food 5pIleS to irKlividua15 in need andlor chariiie5 or other organisations working to prevent or relieve povety. Braintree Area foodbank supports local people in need of food through distribution centres in Braintree, Halslead, Great Notley. Witham arKJ Sible Hedingham. We currentty partner with 140 referral agencies who issue vouchers to those needing our help. Vouthrs are exGhanged for food at our centres. In addition, our volunteers are able to &gnpost people to the agerKies that may be able to help them address the underlying issues behirKI their CTiSiS. Public Benefit Statement The charity has, during the year, run a foodbank within the Braintree districL The Trustees have had regard to the Charity Commission's gutdance on public benefit. The results achieved by this are set out In the following sections. Achlevements and Perforniance The rise in the cost of living continues to have a significant effect on fv Braintree area. The charity has distributed 108.91 tonnes of food arKI personal hygiene items to beneficiaries during the year (last year 92.23 tonnes). This represents a further increase in food djstributed. This year we distributed parcels 10 7.459 adults {last year 5181} and 5,C65 Ghiklren (last year 4292), a doublirvJ of our provision in 2021122. In addition to our food di5tribulion, we have wovided £10 supennarket food voucher5 to enable clients to purchase fresh food items. The cost of these was £11.924 which has been funded by a Company donation. We have purchased £80,661 of food arKI personal hygiene items to rnaintsin sufficient warehouse stock of which £65,708 used specific furKling from nationa and local or9anisations and individuals. We have also used our resources to assist other organisations, by providing them with 2.246 kg of food. Our ntre$ at Christ Church, Braintree, St Paul's Church, Bratree, Great Notley, Halstead and Wtharn all continue to sep4e their local communities. In ldTrOn lo food distribuiion. we are pleased to have representative from various organisations at the centre5. Halstead host Communty 360, once or lce month, with Green Doctors attending Great Notley f<xtnightly. Wrtham have CitBens Advice Iw1 a month, and St. Paul's have Citizens Advice visitirKJ each week. Christ Church have Peabody visiting each week. Over the past year, VR have expanded our services in a number of ways. In May, we opened a distribution centre at Hedingharn Baptist Church. and in May a generous private donation enabled us to purchase second van so that we could commence a delivery service to clients who have restricted access to our centres, with 576 visits ta provide food for 1.512 people. This is the equivalent to opening an additional centre. The award of a grant from the Braintree Distrtct Council Cost of Living Fund has enabled us to employ Communty Outreach Officer from Septernber 2023 to offer support to those clients that have opted for a delivery. and we are also able to SLPPOrt high depeTrJency users. Addrtionalty, the Communty Outreach Officer has been able to meet with parish Counc10[5. churche5. referral agencies. and communty agencies. to increase their UrKIerstandw of the r(Ae of the Charity.
Braintree Area Foodbank Limited This grant has also made it possible for us to open a further distributton centre in Braintree from March 24 lo allow us to extend our food parcd distribution to Saturdays and gives us a bcation at which we can host charities and other organisations thal offw services to people in r. We have wrtinued our partnership with Arts 435. an organisation that enables advocates based in a church or charity to post requests for essential items, on behalf of individuals in need. whith are then paid for by crowdfunding. Since the appointment of our Communty Outr&2ch Officer. we have been ab to identfy and apply for items totslling £1,(Kl5. We have continued to wblicise the work of the Foodbank through our social media output and educational visits. These included talks to communty groups, atteIng the Communty 360 rnarketylac2 and numerou5 visit5 to the warehouse including vigts by Graham Buuand. the Leth ol Braintree Elstrict Council, and Diana Garrod. the Chaitman of the Counal. Fundlng The charity continued to seek donation5 arKI grants to ensure the continuty of ts service to beneficiaries. The main activity of the charity is the distribution of food and other essential groceries, Ythich are usually generously donated by individuals through colection points in supemiarkets, schools. churches, and other communty facilities. The c0st-of-llvr crisis has had an understandable effeci on the level of provisions received and we are very indebted that donof5 have continLd to support us. Overall. we collected a total of 88.6 tonnes of food and essential grocertes (last year 78.6 tonnes), valLFed at £155,171. Our substantial core costs, for which we require funding, have been met in part through individual donation5 from our supporters, through webpage donating, arKI grants from k)cal organisations. commercial sources arKJ frorn ptrwlanthropic Organisati. The Trustees are grateful to the many people 1 oryani5ati5 who made donat?ns or prov#Jed grants to enable the foodbank to continue to operate. Staffing the Foodbank The Foodbank continues to benefft from the swViS of our employees. Lee Ranson our Chartty Manager, Henry Hopkins our Warehouse and Distribution Manager. along with Sarah Dynan. our newly appoinled Cornmunty Outreach Officer. Their had work and dedication are at the core of the foodbank. Additionally, the tharity gains from the input of 149 volunleers (last year 127), Working across the distribution centres, office. transport. and warehouse. These PeOe. who give freely of their time and effoF( we also essential and crucial to the runnYKJ of the foodban Structure, Governance and Management The Company is limited by guarantee ar#J regislered in England. The Company is affiliated to the Trussell Twst who provide 5UPP(Yt arKI advice for the establishment and running of foodbanks nationwhye and who collect and disseminate statistics regarding the use of foodbanks. The Trussell Trust has prescribed procedures and processes which apply to all foodbanks which are affiliated to their netsvork. Volunteer Managers are appointed to oversee various areas of the operation of the Foodbank including Transport and eath Distribution Centre. Regular meebngs are held which are attended by the various Managers. plus the Directors, at which day to day operational matters regarding the efficient running of the foodbank afe discussed arKI agreed. Trustees of the Charity The Diredors of the charitable company are its Trustees for the purpose of charity law. They are elected by the charity's annual general meeting. according to the PrOdUre set out in the Memorandum and Arkncles of Association. Where there is a vacancy for the appointment of a new TrusteelDirector th[5 15 advised to all company members and rminationS are invtted. with an emphasis on attracting applicatTrons from individuals with appropriate skills and training, to complement our existing trustees. The trustees receive a local induction along wtth training courses provided by Community 360. The Trustees Meet on a regular basis arKJ e responsible for the overall fflanagnt and the direciion of the C(xnpany. Thrs year
Braintree Area Foodbank Limited saw the departure of Jonathan Denison Cross and John Vandrnie. We are extrernely grateful for all that they have contributed over the years. Trustees, Responslbllltles The Trustees are responsible for preparing the Trustees. Annual Report and the financial statement5 in accordan applicable law arKI United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi}. Company law requires the Trustees to wepare finanraal ststements for each financial year, which give a true and latr view of the state of affairs of the Company for that period. In preparing these financial statements. the Trustees are required to.. select suitable accounting policie5 and apply them consistenty. obsepie methods and principles in the Charities SORP (FRS 102) make judgements and estimates that are reasonable and prudent. state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financtal statements. prepare the financial statements on a going conrn basis unless it is inappropriate to presume that the charitable company will continue in Qwat. Th8 Trustees are also responsible for kwing adequate accounting records that disdose wilh rthOnable accuracy at any lime the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They a also responsible for safeguarding the assets of the charitable company and hence for the pre?lOn and detection of fraud and other irregularities. In the past year the Trustees have approved uFwJaled polcies and procedures covering the followng.. Safeguarding Policy Volunteering IT and communications Policy Volunteer Expenses Policy Health and Safety Policy and Personal Health and Safety and Escalation Policy Equal Opportunities Policy Driving Policy Problem solving Policy Risk register arKI Rtsk managernent Policy Third Party Indemnity Provisions The Compary maintains Directors arKI Officers insurance for the benefit of the TrusteeslDirectors. Forward Plans We have been avrded funding of £51,503 for 2024-25 from the Trussell Trust to enable us to partner with Citizens Advice in providing a fNe day a week Financial Incluslon service to help our clieTrts deal with rnultiple i55ues related to debt, housing. benefits. and employmenL We also intend to undertake a Lived Experience Project in order to aKI us in our future work wtlhin the communty by having a better understarKling of the reason5 why people are visiting us. how they would manage without foodbar*s and to understand how we have helped the dients visitirvj our distriblrtton centres. Investment Policy A prudent amount of cash is held with CAF Bank and an easy access buiklirvj socEty account to meet expenditure as it is needed. The rernaining funds are held in one 1204ay variable rate account and four one-year fixed rate bank b)nds whh will mature at periodic interva15 and be available as required.
Braintree Area Foodbank Limited Financlal Revlew The Company achieved an overall surplus of income over expermliture for the year to enab it to continue to build up a reserve fund. Reserves Policy The Directors have set an objective of maintsining cash reserves at the end of each financial year to provide financial reSoUrS sufftient to cover six months expenditure which is estimated to be £111,762 in 2024-25. Ow unrestricted reseThe fund (excluding unrestricted red assets) at the year erKled 31d March 2024 is £334.200 and this objective has therefore been met Dlsclosure of Infomialion to independent revSew We, the Directors of the company who hekl office at the date of aP[0Val of these financial statements as set QLrt above each confinn, so far as we are aware, that there is no relevant infonnation of whth the indeent examiners are unaware; and we have tsken all steps that we ought to have taken as Directors in cKder to make oursehies aware of any such relevant inforrnation aKI to establish ttwt the Comparfs indepeTKlent exIner is aware of that information. In approwng the Trustees. Annual ReporL we also approve the Strategic Report induded therein in our capacity as Company Directors. The report has been prepared havirvJ taken adVe of the small companie5, exemption in the Companies Act 2006. On behalf of the board Trustee signature Trustee signalwe Trustee Name Trustee Name Lt Sl Date 13 ol. 1024 Date 13 07. 24
Braintree Area Foodbank Limited Independent Examlnerfs Report to the Trustees of Braintree Area Foodbank Ltd I report to the charity TrLtstees on my examination of the accounts of the Company for the year ended 31, March 2024, which are set out on pages 8 to 20. Responslbilities and basi5 of report As the charity Trustees of the Cornpany (and also its drectors for the purposes of company law) you are responsible for the preparation of the acCOts in accordan the requirements of the Companies Act 2006 {'The 2006 Act) Having satisfied myself that the accounts of Ihe Company e not required to be audited urwjer Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of rny examination of your Company's accounts a5 carried out under Section 145 of the CharitEs Aci 2011 ('the 2011 Act'l. In carrying out my examination I have followed the directions given by the Charty Commission under Section 145{5llb) ofthe 2011 ACL Independent Examlnerfs Statement Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confim that l am qualified to uTrJertake the examination because l am a member of the Association of Chartered Certified Accountants. which is one of the listed bodies. I completed my examination. I confimi that rbo matter5 have come to my attention in connection with the examination giwng me cause to believe that in any rnaterial rpecL 1) accounting records were not kept in respect of the C(xnpany as required by Section 386 of the 2006 Act: or 2) the accounts do not accord with those records; or 3) the accounts do not comply wrth the accountir¥J requirements of Sedion 396 of the 2006 Act other than any requirement that the accounts give a 'tr and fair Vie which is not a matter considered a5 part of an independent examination: or 4) the accounts have not been prepared in accordance with Ihe methods aThJ principles of the Statement of Recommended Practi for accounting reporting by tharities (applicable to charities preparing their accounts in accordance with the Finanoal Reporting Stsndard applicable in the UK and Republi of Ireland IFRS 102) I have no concerns and have come across no other mattets in connection with the exafflination to which attention shoukl be drawn in this rewt in order to enabte a proper urKle1andln9 of the accounts to be reached. Signed Lisa Greenwood FCCA Lambert Chapman LLP 3 Warners Mill Silks Way Braintree CM7 3GB Date 17.7. 2Dllk
Braintree Area Foodbank Limited statement of Financial Activities fincluding summary Income and Expenditure Account) Year Ended 31 March 2024 La¥t year Year Restrlcted funds Notes Unr•strlci•d Revenuè Capltal Funds Total Total Incom& from: Grants and tknations Investment Incoff Gift Card donations and Gifts in Kind Profft on L)isposa of Fixed 181.728 9.762 167.(102 6.309 355.039 9.762 184.350 1,646 3A 4.437 4M37 14.982 Food & Laundry btems dcmated and distributed to beneffciaries Fund Raising Activities 155.171 155,171 177.898 1.248 Total Incorne 351,098 167.002 524,409 380.124 Expenditure on Charitable activities Food distributed to beneficiaries Support aclivities Fund raising activities Total Expenditure 65.026 61.284 3.499 129,809 71,268 170.124 21.748 65,708 19.498 235,832 41246 202.522 36.317 297 256.898 146.490 406,887 310,404 Net IncoTnellExpenditLYel 94.200 20.512 2.810 117.522 69.720 TrSfer3 between Funds 94.200 20.512 2.810 117.522 69.720 Reconcaliation of fund5 Total Funds brought forw*d 271.312 34,497 8.154 313,963 244,243 Total Funds carried fOard 13 36512 10.964 431885 313,963
Braintree Area Foodbank Limited Balance Sheet Year Ended 31 March 2024 year Last year Fixed Assets Tangible Assets Unrestricted Funds Restrted Funds 7,14 31.312 10.964 42,276 3,733 8.154 11,887 Current Assèts Debtors Short temi Investments Cash at bank mI in haTwJ Stock 9,028 250.837 3,100 231.729 11 11 131.883 57.170 12.900 304.899 399,212 Creditors Amounts falh'ng due wtihin one year 10 10,003 389,209 2,823 302,076 Net Assets Charity Funds Unrestricted Funds Restricted Fund5 12.13 365,512 65.973 431.485 271,312 42,651 Totsl Charity Funds 431.485 313,963
Braintree Area Foodbank Limited Statement of Cash Flows Year Ended 31 March 2024 Note Thlsyear Last year Cash flows from operatingactivities 117.522 69.720 Adjustments tD cash flows fonn non<ash Items & non-operatlng actlvltles Depieclation 5,032 74,752 126.152 worklng capltal adjustments Ilncreaselldecrease in stocks Decrea5ellincreasel in (iebtors (Decreaselllncrease in credltors Decreasellincreasel In shortterm investments Net cash flows from operating acti%ryties 5.436 -5.928 7,180 -19,108 113.732 -11.118 627 io li 1,303 -81,370 -15.806 Cash flows from Investlng actlvllles Purchase of langible fixed assets Disposal of tangible lixed asset Net increase In cash and cash equfvalents -39,D19 -1,188 39 -16.955 74,713 Cash and cash equNalentsat IApril 57,170 74,125 Cash and cash equwalentsat 31 March L883 57,170 The Company was entitled to exemoion fr(xn alIt Section 477 of ttbe Companies Act 2006 reFating 10 small companies. The Members have not required the Company to obtain an audit of its financial statements for the year ended 31" March 2024 in accordance with Section 476 of the Cornpanies Act 200S. The Director5 acknowledge their responsibility for complyw with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These acKounts have been prepared in accordance with the provisions applicable to small companies sutyect lo small company's regime and in accordance with FRS102 SORP. The financial statements were approved and aulINi for issue by the Board on Signed by one trustee behalf of all the trustees. Trustee signature Date of Approval Trustee Name: Rosanary Ba1Y 3. 07 2024 The notes on pages 11 to 21 fomi part of these fnancial staternents. 10
•t*lryp foodb Braintree Area Foodbank Limited Notes to Flnancial Statements Year Ended 3141 March 2024 Note 1) Sumrnary of slgnificant accounting policl a) General information and basi5 of accounting Braintree Area Foodbank Ltd is a company limited by guwantee registered in England. In the event of the Charity being wound up. the liabithty in respect of the guarantee is limited to £10 per member of the charity. These accounts have beeT] prepared under the historical cost convenlion with items recognised at cost or transaction value unless othenvise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordan with the Staternent of Recommended Practi Accounting and Reporting of Charities preparing their accounts in accord with the Financial Reporting Standard apICable in the UK aThJ Republic of Ireland (FRS1021 issued m 18th July 2014 and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Ad 2011 The Charity constitutes a publc benefft entity as defirted by FRS 102 (bl Going Concern The financial statements are Fryred on an ongoing concem basis urvjer the historical cost convention as the reserves held and the funding a3reed for the next financial year gives financial stability. The financial statements e yesented n sterfiTrJ which is the functionry currency of the Charity rounded to the nearest £1. (c) Accounting Policies The accounts wesent a true and fair view and no changes have been made to the accntIng pollcles adopted in note la. (d) Change5 to accounting estimates No changes to accounting estrnates have ouxfftd in the reportirKJ period (3.44 FRS102 SORP) Note 2) Accounting Policles 2.1 Income Recognition of Incorne These are included in the Statement of Financial Acttvibes {SoFA) when: the charsty becomes entiued to the resources" it is more likety than not that the tru5lees will receive the resources. the monetary value can be measured with suffi(ient reliabilty. It is impractical to assess the fair value of food donated for distribution to the beneficiaries of tp Foodbank at receipt as the cost of such walualion would oulweigh the beneffts. The has therefore been assessed and the donation recognised as a component of donations when distributed and an equivalent amoLnt recogntsed as Gharitable expenditure. The valuation is ¢alculated on the number and weight of boxes distributed during the year, based on th8 Usual contents included, Costed at Supeaet own gcmjds prices. 11
Braintree Area Foodbank Limited (a) Offsetting There has be no offsetting of assds and liablties. or income and expen5e5, unless required or pemitted by the FRS 102 SORP or FRS 102. (b) Grants and donations These are only included in the SOFA when the genttal tncome recognition criteria are met (5.10 to 5.12 FRS 102 SORP) {c) Tax reclaims on donations and gifts GTft Aid receivable is induded in income vA)en there is a vafid dedaration from the donor. Any Grft Aid amount recovered on a donation is considered to be pt of that grft and is treated as an addition to the same fuTKI a5 ttrE initial d(atIOn lesS Ihe donor or the tenn5 of the appeal have specified otherwise. (d) Other donated goods and services Other donated goods are measured at fair value (the amount for which the asset couls be exchanged) unless impraciicable to do so. The cost of these stocks donated for distributton lo benefiaaries is deemed to be the fair value of those gifts al the time of their r&apt and they e recognised on receipt In the reporting period in which the stocks are distributed they are recognised as an expense at the carrying amount of the stock5 at distribution. Gifts in kind for use by the chanty are induded in Ihe SOFA as income from donations when receriable. Donated services are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be rneasured reliabty. Donated services that are consumed immediatety are recognised as income with an equivalent amount recognised as an expense under the apwopriate heading of the SOF (e} Investment income The chartty receives from short twm inve5tinents. This is recognised when received. (fj Volunteer help The value of voluntary help received is not indled in the accounts but is described wi the Trustees, annual reporL 2.2 Expendlture and Llabilitles (a) Liabilty reCognin abilities are recognised where it is more likdy than not that ttwe is a legal or constructive obligation committing the itharity to pay oui resourcts and the amount of the oblatIon can b8 measured with reasonable certainty. (b) Govemance and support costs Support Costs have been alocated bdween govemance cost ar other supporL Govemance costs comprise of all costs Involng public accountabifty of the Charity and its Complian with regulation and good practise. (c) Redundancy cost The Charity has made no redurKJancy payments dwing th& reporting penod. (d) Deferred income No material item of deferred income has been HKIled in the accounts. 12
Braintree Area Foodbank Limited le) Creditors The Charity has creditor5 which are measural al settlement amounts. (fj Provisions for liabilities A liability is measured on recognition at its historic C05t and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. (g) Charitable activty Charitable expenditure comprises those co* Inrred by the Charity in the delivery of its activities and Servi for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs that can be allocated dire to such activtbe5 arKI those costs of an indirect nature necessary to support them. (h) RaisirvJ ffijnds These are costs inujrred in attracting voluntY inc(xne and th{ inarred in trading aclivities that raise funds. (i) Cost of food distributron These costs are directty related to the donation of food received by the Charity and is realised when distribuied to iEneficiaries. 2.3 Assets (a)Tangible fixed as5els for use by the Charity These are capitslised if they can be used for more than orE year arwj cost at least £500. They are valued at cost. Depreaation is charged on a strawJht4ine basis, plant and machinery over 9 years and fumiture. fiitings and equipment over 5 years. (b) Debtors Debtors are measured on initi.al recognition at settlement amounL subSequ11y, they are measured at the Gash or other con5ideralion expected to be receive(l. {¢) Current asset investments The chanty has cash held on deposit wilh a maturity of less than one year which are held for investment purposes. They are valued at fair value. Note 3 Income Thi5 year Thls year Thls year Ti>tal Last year Totsl 79,990 6.475 97,885 177.898 Donat5on5 specific Donations and Gifts Gift Aid General Donations Food donations Other donated goods and service5 173.251 60 IT3.251 24.999 156.789 155.171 24.939 156.789 155.171 4.437 341.336 14,982 377.230 173.311 514.647 Charitable Fund raising activities 1,248 Other Investment Income 9.762 9.762 1,646 TOTAL INCOME 351.098 173.311 524,409 380,124 All income in the prioryear wa5 unfestricled excepl for Speafic DonatK)ns of£80,062 13
Braintree Area Foodbank Limited Last year 177.898 11.767 362 2.853 192.880 Note 41 t)onated goods and services Food & laundry items don Gifts of items IT sofiw&e data transfer Supemarket Gift cards year 155,171 992 159.608 Accounting policies for donated goods and Seice$ are described above. Note 5) Expendire on charitable activities Thls ygar Totsl Last year Total Thlsyear Th1¥ yeor Expense on raising funds Staging fundraising events Advertising. rnarketing. direct rnail and publiuty 297 297 Expendlture on charitatAe activit Van running cost Waretr costs lilUdIng Wareh(w5e supervisor salary, rent and seNKe charges) Donated Food & Latndry items distsibuted Purchased food & Laundry items di5trilyJled Activities undertaken Corrfftinity Support Costs Delivery Service costs distribution centre refurtxshrnent Contrityjtion lo costs at Church distribution centres Iterns distribuled to other Chariiies Depreciation of gible fixed assets 5.053 40 S.093 3.141 33.980 155.171 14.953 33.980 155,171 80.661 21,804 29.744 177.898 24.624 22.669 65.708 11.924 7.344 4.441 32.535 4.441 32,564 8.575 7,744 8,264 365,641 8.$75 2.744 4.765 235.150 7,155 5.034 3.525 273.790 5.000 3.499 130,491 Support Gosts Administralive arKI offts costs Govemance costs: ICO fees Independent Examiner Fee Deweciation of tange fixed assets 19.457 19.498 33.425 35 35 1.890 1.350 1.507 21.748 19A98 41.246 36.317 Total Expenditure 149.989 406.887 310.404 14
Braintree Area Foodbank Limited Anatysis of expendilure on ¢harftable activltles excluding depreciation charges Activities Grant Total undertaken furbding ol this directly acliviti year Total prior yeaT Activity or progrdmme Support Costs Food & Laundry items distributed Administration staff costs Communty Supwrt costs wahOuse slaff cosls Delivery Servti costs New Dislribulion Centre tefijrbishment Contribution to costs of Distribution Centres Wan Packs Fcj Gift Cards Support Costs Ilerns Distributed to other ChIlle$ Fud costs Warehouse mantenance 170.124 65,708 19.498 235,832 33,540 12,584 14.685 4.441 32,564 202.522 26,716 14,042 4,235 14.685 10,967 4.441 29 8.575 2.710 1.930 8,575 2.710 13,854 11,459 7,744 974 7,155 4.852 14,835 32,154 5,034 645 492 11,924 11.459 2.744 934 19,295 Total 398 257 Notè 61 Detalls of certain types of experKliture Staff costs This year La¥t year Salaries and wages Sw81 security costs Pension costs (defined contiibutTh pensKJn plan) other efflployee benefits Total staff costs 56,634 36,255 1,216 708 36.963 This year Last year Amount paid to key managemgnt FlsOrt 32.935 25,524 Average head countfor the yèar (WTE) Thi5 year 2.42 Last year 1.53 Thè parts of the charity in vthich the èmploye8$ work Charilable Activitses Tolal 2.42 1.53 2.42 1.53 No employee receNed emduments of rrK)re than £60,Cth in the y&qr 15
Braintree Area Foodbank Limited Deffin Contribution Pension Scheme This year Last year Amount of Contributions recognised in the SOFA a8 an exnse 1.216 708 Restricted Unrestricted Funds Funds Pension cost5 relate to an en¥tye wthing the charity &ti¥ities apportioned on the basis of the salary costs covered by grants obtained 238 978 Note 71 Tanglble fixed assets Plan( machinery d mot(* vehicles Fixtures, fittings and equipment Total (a) C05t or valuation At the beginning of the year Additions Revaluations 17.755 25,590 9.079 39.019 Disposal$ Transfer5 At end ofthe year 47,695 34,669 82.364 (b) Depraciation and irnpairments At beginning of the year Disposa15 Depreciation of revaId item Depreciation At end ofthe y&3r 21.593 31,458 3.330 24.923 8,630 40,088 15.165 IC) Net book valu• Net book value at the beginniNJ of the year 7.890 11.887 Net book value at the end ofthe ye 31530 Note 8) Stock This year Last Year Gift Cards and Gifts in Kind for Distributi( Charitthe activities: Open9 Added in Period Expensed in peri(Kl Closing 12.900 16,360 -21.796 7.464 1,782 29,743 -18,625 12.900 16
food Braintree Area Foodbank Limited Note 9) Debtors and prepayments Analysls of debtors Thls year Last year Trade debtors Prepayments arKI accrued income 2.497 1,553 other debtors Tolal 6.531 9,028 3,100 Note 10) Creditor5 and accrua15 Analy515 of credltors Arnounts falling due wlthln one year ThSs year Last year Accruals and deferred income 6.927 Taxation. social security and pension 3.076 1,171 Total 10.003 2,823 Note 11) Cash at bank and In hand Thls year Last year Short tem) cash investments (less than 3 months maturity date) Short tem deposit5 250.837 231.729 Cash at bank and on hand 131.883 57.170 Total Cash at bank and in hand includes £58.287 held *) a Buiklirwj Socpty account F)aying interest 17
Braintree Area Foodbank Limited Note 12) Charity Funds Details of material funds held and movements durfNJ CURRENT reporting period Fun balances brought forward Fund balances carry forward Purpose and Restrict[(5 Type Income Expendiw Fund names Van replacement Fund Capital pUhase of van Capital purchase of CCTVf waiehouse Employment Restrlcted 1973 5.917 CCTV Fund Restricted Project Manager Restiicted 1.216 1.216 Purchases for clients including deliveries io other Foodbanks Restricted Purchases for cllents Capital purchases for6 Maiketstreet and Communty Office 31281 33.281 Braintree D15tr1ct Council Costof Living Fund Restricted 1.262 5.047 6 Market Street refurbishment and delNery 5eNice Food Purchases Food & toiletrtes purchases Braintree Distrlct Council Costof LlvinE Fund Food Purchases Food & tolletries purchases Community Organisations Cost of LlvlnE Fund Fuel Purchase Restricted Restricted 92.642 14.320 44.320 7.633 48,322 6,687 Re5tricTrd 5.000 5.000 Fooli. totietries & Chaiity Manager costs Restrlcted Restricted 55.000 40 55.000 40 Fuel Capitsl purchase Unrestiicted of second van Van Fund 29.940 3.327 26.613 General FLmds Unrestiicted 271212 321.158 253.571 338.899 Total ndS as peTbaiance sheet 313363 524.409 406.887 431.485 18
Braintree Area Foodbank Limited Note 12) Charity Funds Details of material funds held and movements durfng the PREVIOUS rnportlng perfod Fund batances bfouRht forward Fund balances carry fOard Purpose and Restriction5 Type Income Expenditure Fund name5 Van replacement Fund Capltal purchase of Wdn Restrlcted 1.973 7.890 Purchase of equipment for EWSL EWSL equipment fund Restricted 255 255 Capital purchase of CCTVfo( warehse Employment cost5 Warehouse cost CCTV Fun Project Manager Warehouse cost5 Purchases for clients inelu(Jing deliveiies to othef Foodbank5 Restrlcted $28 264 264 Restricted 5.524 10.000 14.308 1,216 Rewicted 270 270 Purchase5 forciients Food Purchase and Gift Card5 Cotsi weather Items. ft[ and additional paycosts Restricted 50.000 16.719 33.281 Food Purchase and GiftCard5 Restricted 1S.lJ62 15.062 Winter Pressures Funding Restricted 5.lJOO 5.000 General Funds Unrestrfcted 227.803 300.062 256.553 271.312 Total Funds as perbalance sheet 244.243 380.124 310.404 313,963 19
Braintree Area Foodbank Limited Note 13) Fd Reconciliation Balance Income Expenditure Balance 31st March 2024 IstApril 2023 Unrestrlcted Fund 271,312 351,098 256.898 365.512 Restrlcted Fund Revenue Capitai 34.497 8.154 42,651 167.002 146,490 3.499 149,989 10.964 65,973 173J11 Unrestricted Fund: This is available use at the disc[etk of Ihe Trttees in the fvrtherance of the gerEral objectives of the Charity and have rK)t been thvjnated lor 0 wrposes. Restricted Funds: These are funds which e to be used in accorda with the specik restrictions imposed by donors or which have been raised by the Charity k>r pww>ses. The aim and use of the restrt¢ted funds are sel out in the notes to the financtal statements. Note 14) Anatysis of net assets bet%%wn fuNIs Unrestrictéd Restrictsd Totsl funds a5 at 31st March 2024 2024 Tangible Fixed Assels 31.312 10.964 42,276 Current Assets Current knabilities 344,203 -10.003 399,212 -10,003 Totsl Net Assèts 365,512 Total fund5 as at 31st March 2023 2023 Tangible Fixed Assets 3.733 8.154 11,887 Current Assets Cur1 knabilities 270.402 -2.823 34.497 304,899 -2,823 Total NetAssets 271,312 42.651 313.963 20
Ime Braintree Area Foodbank Limited Note 15) Transactlons wlth trustees and reL*d parties In the period the charity has not paid any trustee remunefaiion and benefits. Trustees. expenses Th15 year Last year Expenses reimbursed 170 136 Transactlon(sl wlth related parties Three Trustees have roles withwi Churches where this Foodbank operates Distribution Centre5. One Trustee is a parent of an employee The Trustees declare a contlict of interest when any related discussion takes Pla and step out of the meetings where any connected issues are considered. 21