Annual Rewrt and Flnancial Statements for the Year Ended 31 December 2020 Hackney foodb COMPANY REGISTRATION NUMBER: 7877042 CHARITY REGISTRATION NUMBER: 1149896 Annual Report and Financial Statements for the Year Ended 31 December 2020
Contents Contents ............................................................................................................... Letter from the Chair . Objectives and Activities Achievements and Performance ..................................................................... Response to Covid-19 ........................................................................................ 14 Impact . 18 Lessons learned 21 Financial Review ..................................................... . 22 Reserves Policy . Plans for Future Periods . 23 25 Structure, Govemance and Management ............,......................................... 25 Reference and Administrative Details . 28 Declarations 31 Appendix 1: Article 4 of the Charity's Articles of Association Appendix 2: Theory of Change ........................................................................ 33 Independent Auditors, Report ........................................................................ 34 Statement of Financial Activities 38 32 Balance Sheet . 39 Cashflow Statement .............. . Notes to the Accounts ,...,..,... . 41 This Annual Report presents a revlew of year 2020, reporting on achievements, perfomiance, and impact, including financial performance and financial positlon to demonstrate the Trustees, stewardship and management of charitable funds. This report is also intended to serve as a Directors, Report for the purposes of the Companles Act 2006. As a prellminary matter, the Trustees and staff of The Hackney Foodbank wfsh to express thelr deep appreciatlon of the contribution made by volunteers and donors, without which no achievements would have been possible. Page 2
Letter from the Chair This year has been domlnated by the pandemic and it was clear from the very beginning that we had to do our utmost to support people as best we could. It's a real testament to the team of staff and volunteers at The Hackney Foodbank, that, at a time when many organisations were forced to close, we were still able to operate five centres across the borough. One of our biggest challenges was how to do this in a Covid-secure way and how to run sessions when many of our dedicated volunteers were forced to shield due to health or vulnerability concerns. Over the course of 2020 we distributed nearly 220 tonnes of food, an increase of 168% over the previous year. This is where the kindness, compassion and commitment of Hackney came to the fore. Local people, local businesses and local community organisations all pulled together to help provide the food bank with the resources and volunteers that were desperately required to scale up our operations and meet the needs of residents in crisis. Our volunteer team tripled to over 180 active local volunteers. Whether they were sorting and packing food at our warehouse, driving and delivering emergency food parcels, assisting and supporting people at the distribution centres, or helping at the office to ensure everything ran as smoothly as it could - none of it could have happened without the volunteer teams. They have provided emergency food and support with dignity and compassion to some of our borough's most vulnerabLe residents including those with no recourse to public funds, victims of domestic violence, people who are homeless and familie5 whose lives have been thrown into chaos as a result of the pandemic. In fact, a sobering statistic of this past year is that more than a quarter of our beneficiaries are children - mostly of primary school age. However, it is thanks to the incredible support of local residents, businesses and the now over 250 local referral agents and other organisations that the food bank has been able to provide food and support to people throughout this crisis. Page 3
On behalf of the Board of Trustees I would like to take this opportunity to thank everyone for their continued support and reflect on what an amazing response Hackney provided through such challenging and difficult times. SsOL BeLL Chair of Trustees Image 1: Transporting crates of food Page 4
Objectives and Activities The Hackney Foodbank's charitable objects are To express Christian compassion and hospltality in practical ways, primarily by the provision of a food bank; To help to relieve food poverty and financial hardship amongst people in the local area by: providing emergency food and household items to individuals and families in need; and other means, including the provision of support or directing service users ('signposting') to relevant information and other advisory services. The Hackney Foodbank is an independent charity, but it operates as part of the Trussell Trust Foodbank network and follows the policies and advice of the Trussell Trust, thereby benefiting from their vast experience in supporting more than 1,200 food banks across the UK. Our shared aim is to end the need for food banks in furtherance of our charitable objects to reLieve food poverty and financial hardship in our community. We do this by providing emergency food parcels as part of a package of support aimed at helping people out of crisis provided by local frontline heaLth and social care partners. Image 2: Wareh¢)use full of parce15 awaiting dlstribution 1 Article 4 of the Charity's Articles of Asslation ('Objects'l is set out In Appendix 1 below. Page 5
Our objectives for the period included: to increase awareness of the growing demand on the food bank and the need for more funding in order to build, train and support effective staff and volunteers, effective systems and sustainabLe food stocks; to make more efficient use of the data and information we receive among our distribution centres, warehouse and referral agencies, in order to make better use of our resources, to use our unique position to ascertain why people are stuck in long- term/chronic use of The Hackney Foodbank, and provide assistance to clients to help them move out of poverty; to address the growing need for services outside of Hackney through collaboration with local agencies and harmonising protocols between boroughs. and to address the increasingly heavy workload placed on staff and volunteers. Working in partnership with our local partner agencies (using the Trussell Trust's voucher referral model), The Hackney Foodbank operated food banks from five distribution centres across the borough of Hackney: St Thomas's Church In Upper Clapton St Mary's Church In Stoke Newln8ton Hackney Church1St Luke¥l In Certral Hdckney The FIleNCe Bennett Centre In Hoxton l%vhere our warehouse and offlce are also sltuaiedi St John's Chur£h In Hoxton Image 3: Distribution centres are located across Hackney Page 6
We are working on refining the criteria and measures we use to assess success in each reporting period and have recently developed our Theory of Change In addition to working with our partner referral agencies, The Hackney Foodbank is also supported by many other community organisations, businesses and agencies through food donations and other means of support with the shared aim of ending hunger in our community for the public benefit. Moreover, as a voluntary organisation, we rely on the dedication of the local Hackney community to function. Indeed, in 2020 that contribution amounted to over 11,000 hours which is the equivalent to more than six full time equivalent staff members. Volunteers come from a wide section of the community including members of churches, corporate teams, and individual members of the public. The core of The Hackney Foodbank's service is supported by regular volunteer teams {led by volunteer team leads and a central volunteer coordinatorl who set up and run our five distributlon hubs. Prior to lockdown the volunteers would welcome clients in a comfortable café-style set-up providing hospitality and sitting with clients and listening to their stories (should they wish to share them), and assisting clients where appropriate to make use of relevant support services. Centre volunteers worked through a choice-based food parcel list with each client and then handed it over to the client. During the pandemic, however, we had to change our operating model to protect our benef7ciaries and our volunteers. The café-style set-up was replaced by an at- the-door service where pre-packed emergency parcels were distributed to beneficiaries. Operating in this way enabled us to keep all of our distribution centres open throughout each lockdown (see the section ' Response to Covid-19' for more information). The food bank service is further supported by volunteer drivers and warehouse helpers. A pooL of 13 volunteer drivers supports The Hackney Foodbank's efforts by transporting bulk food orders and, since the first lockdown, crates of 2 The Charity's Theory of Change is set out in Appendlx 2 below. Page 7
emergency parcels to each of the food bank centres. Volunteer drivers also collect food donations on a weekly basis from the food bank's various collection points. Warehouse volunteers (supervised by staff) weigh in all donations coming into the warehouse then help to sort and shelve them, assist in packing bulk orderslemergency parcels for the weekly food bank centre deliveries and provide support for regular stock-takes. WAREHOUSE KG DONATIONS PARCEL PARCEL Image 4: Food donations are collected and dellvered to the warehouse, weighed in, and packed into food parcels Several key volunteers (including, since the first lockdown, many shielding volunteers) support administrative processes that are central to The Hackney Foodbank's operations such as inputting data relating to food and other stock donations, thanking donors, preparing and distributing vouchers to our partner referral agencies. Indeed, increased administrative volunteer hours were required to input the data from 9,536 vouchers redeemed in 2020 at the food bank centres. Only one Lunch Club ran in 2020, this involves volunteers setting up our main hall as a welcoming and respectful lunch venue, greeting guests as they arrived, taking their orders, serving the lunches, and attending to any of our beneficiaries, needs. The replacement takeaway school holiday lunch service was also manned by teams of volunteers. Supermarket collections looked very different throughout 2020 and, indeed, on occasions the collections were manned by supermarket staff with food bank volunteers helping behind the scenes to do the initial set up and collect and sort donations. Page 8
The food bank is run by rules that: • provide only three days, worth of emergency provisions; require that vouchers be exchanged timeously after issue (In recognition of the fact that they are intended for emergencies and crises). and restrict the number of vouchers that can be issued to any one client to three in any six-month period (except in special circumstances). These rules form part of the framework for ensuring that the charity's activities further our purposes for the public benefit. Indeed, the Trustees are confident that, by their stewardship and management of charitable funds, The Hackney Foodbank continues to meet the requirements around public benefit as defined by the Charity Commission. Interested parties are invited to contact us for a detailed account of the way in which the charity meets these objectives by requesting our policy document (Info@Hackne Foodbank.or Achievements and Performance E3UTr]llB people supported in 2020 Image 5: 20,016 people were supported by The Hackney Foodbank in 2020 In 2020 The Hackney Foodbank provided support to 20,016 beneficiaries3 11, 642 more than in 2019, which represented a 139% increase in usage. 3 These numbers do not represent unique beneficiaries but rather the total number of people {including all household members) who have recelved support from the food bank. For future periods we hope to be able to refine the data collected within the Trussell Trust's proprietary data collectlon system to be able to identify unique beneficiaries. Page 9
In furtherance of one of our key objectives for 2020, 'More than Food,, we partnered with other charities to broaden the help available to clients at our centres. This tackled: fuel poverty (National Energy Action) debt advice (Citizens Advice Bureau) welfare rights advice (Mind) advice and support on connecting communities (Shoreditch Trust) signposting to cooking on a budget courses {Bags of Taste). Our Family Lunch Club ran for a third year in 2020 but only once in its usual format during the February half-term. This is aimed at tackling school holiday hunger by providing healthy nutritious meals to young families with children up the age of 12 who would otherwise struggle to afford to feed their children over the school holidays. By October 2020 (and despite a continued increase in demand at our centres) we launched an alternative service to tackle holiday hunger in partnership with local businesses whereby packed lunches-to-go were made available at lunchtime each day of the school holidays at all our centres. 14000 12000 v 10000 80(KI 60CKJ 40C(J 20¢X) 0.24 25.64 65+ Beneficiary age Graph 1: Illustration of the number of beneficiaries in each age group Page 10
To help support our clients to improve their diets (nutritionally), we forged a partnership with Growing Communities, who have been donating fresh organic produce on a weekly basis. In 2020 this amounted to two tonnes of fresh fruit and vegetables. This wonderfully nutritious food was distributed to clients at four of our five centres. Our Stoke Newington centre continued in 2020 to source its own fresh produce {including bread) via donations from a local supermarket, Whole Foods. 2020 saw The Hackney Foodbank entering into its first commercial participator agreement. Long-time supporter, Pip & Nut, a certified B-corpj agreed to donate to The Hackney Foodbank 25p per jar of Limited Edition Gingerbread Almond Butter sold at full price with the shared aim of relieving poverty within the local community. This generated funding of £10,0(J) which went towards the purchase of a new, larger, ULEZ-compliant van which we could not have managed without given the increased demand. Image 6: HFB'S shiny new van ready to deliver food across Hackney That agreement was the launching pad for various other such agreements with local businesses including Christopher Kane who agreed to donate 100% of the sale proceeds of its charity Christmas cards (and who has also donated a large number of their face masks). The Trick or Treat food donation initiative organised by Jenna and Basil Fansa of the Local Buyers Club was run again at Halloween but much bigger and better in 20201 The idea of the Trick or Treat event is to encourage children and their Page11
families to donate food alongside a treat, so that children get the treat, but the tinlpacket is donated to The Hackney Foodbank. Jenna and Basil also supported the Christmas Toy Appeal, which we participate in at Christmas time - this enabLes us to hand out brand new toys to clients with children in the run-up to Christmas, so that no child goes without a toy at Christmas time. Image 7: Some of the team at the Florence Bennett Centre Another initiative that we reran again in 2020 was the 'Reverse Advent Calendar,. Instead of receiving a festive treat, participants donate the item specified for that day to the food bank for individuals and families who are struggling over the festive season. It was run in November in 2020 to ensure that beneficiaries received items in time for Christmas - 14,584.9kg of stock was generously donated. Looking at our achievements as against the objectives we set ourselves in 2020, notwithstanding the considerable resource devoted to responding to the pandemic, our increased social media presence led to a huge uptick in online donations (as described below) enabling us to increase awareness of the growing demand on the food bank and the need for more funding in order to build, train and support effective staff and volunteers, effective systems and sustainable food stocks (despite food shortage5 and other obstacles). Image 8: Screenshots of high performing soclal medla posts Page 12
We made less progress on our objective to make more efficient use of the data and information we receive among our distribution centres, warehouse and referral agencies. But we made a start and work on this is ongoing including looking at trends in demands and comparing our data with external sources such as the Index of Multiple Deprivatlons. As respects our objective to use our unique position to ascertain why people are stuck in Long-termlchronic use of The Hackney Foodbank, and provide ass7Stance to clients to help them move out of poverty, as well as our membership of the Trussell Trust network, we have become active participants in various other local and national initiatlves. At a local level, we participate in Hackney's Food Poverty Network, particularly in relation to the working group looking at longer term solutions aimed at securing food independence (or 'sovereignty'), such as the setting up of hyper-local food cooperatives, non.profit food shops and urban planting. We are also active members of 4in10, London's Child Poverty Network. At a national level, we are members of the Small Charities Coalition (including as a member of the Small Charities and Small Businesses Working Groupl, Child Poverty Actlon Group (including as a member of the End Child Poverty Coalition) and the All Party Parliamentary Groups (APPGS) on Universal Credit and Ending the Need for Food Banks. Given the closure of so many agencies and/or changes to their working practices, our work on addressing the growing need for service5 Outside of Hackney through collaboration with local agencies and harmonising protocoLs between boroughs is being picked up Tn 2021. As respects our final objective to address the increasingly heavy workload placed on staff and volunteers, 2020 was obviously an extraordinary year. The numbers of volunteers involved in running our Services more than trebled during the year and various changes were made to the staff team (and to the Board of Trustees). We were delighted to work with CranfTeld Trust (Rhiannon Byersl, who performed an organisational review to help us to move towards designing an organisational structure capable of meeting future challenges and with a greater ability to Page 13
achieve agreed strategicl business plan goals. Work on implementing that structure continues. In addition, we were able to strengthen the permanent staff team from 3.3 to 6.2 E. Image 9: In the warehouse, surrounded by food donations Response to Covid-19 When the pandemic struck, we were already at capacity having experienced exponential growth in demand over the previous two years. However, within four months of the first lockdown, the food bank had served more people than had been served in the whole of 2019. Demand for emergency food and support was beyond anything we had previously experienced and between 23 March 2020 and 31 December 2020 we provided for 17,502 local people in crisis compared to 6,612 for the same period in 2019 - an increase of 165%. As a result of social distancing and adopting appropriate safety measures we had to completely adapt the way we operated including both accepting and distributing donations. The café-style approach, where beneficiaries would choose from a pick-list of items (stored at each centre) and had the opportunity to sit down and talk with one of our volunteers, was not Covid-safe. Indeed, the majority of our volunteers across the organisation were forced to shield due to health and vulnerability concerns. Page 14
2,359 home deliveries Image 10: 2,359 home deliveries were made Sn 2020 Many of our local referral and support partners, and neighbouring food banks, closed their doors to face-to-face work resulting in people in crisis being no Longer able to access support or be issued with food vouchers. While those organisations Struggled to adapt to the crisis and move their servlce provision online, demand for their heLp grew. Food and other daily supplies were difficult to buy (especially in bulk), so stock donations plummeted and we struggled to buy essential stock in the quantities needed to service the increased demand. Our school holiday lunch clubs could not proceed and Hackney Council reallocated the funding for our usual Christmas hampers. In addition, our ability to sort, store and pack food for distribution was insufficient to meet the growing need and our distribution centres required reorganising, risk- assessments and additional support and training to implement covid-safe practices. Changes needed We rapidly reviewed all our operatlons and worked out how we could keep our distribution centres, warehouse and office open in a Covid-secure manner and to meet the exponential increase in demand. Page15
This involved: creating and regularly reviewing/updating a comprehensive Covid-specific health and safety policy covering all elements and locations of our operations, developing a Covid-19 risk register which was reviewed at weekly Trustee meetings, collaborating with the Council to negotiate a weekly supply from Aldi of 13 pallets of food funded by a donor (Investec) and stored at a Council food hub. Food was also purchased from local retailers and whoLesalers, switching to an 'at-the-door' service at our five centres, where emergency parcels (pre-packed at our warehouse) were provided to beneficiaries in a safe, socially distanced wayy pre-packing all emergency 3-day parcels at our officelwarehouse space and adapting ways of working to allow stock to be sorted and packed more efficiently to meet increased demand, recru7ting, training and deploying new volunteers {and a volunteer coordinator) for our warehouse, centres and office, organising volunteers into bubbles and implementing an online rota to mitigate against an outbreak, appointing and training multiple volunteer centre-leads, identifying a lead driver to organise the massTvely expanded delivery and collection team, and negotiating new and increased storage facilities with storage providers and Hackney council. Page16
VF4 ?U23 èIJz3 Image 11: Warekiuse full of generous food donatlons ready to be packed Into emergency food parcels In addition: a watching brief of developing evidence enabled us to purchase PPE and hand sanitiser before shortages in supplies (and changes in Government rules making their use mandatory), ensuring staff, volunteers and beneficiaries were always protected, bars of soap were added to every emergency parcel, an online marketing and communications strategy was developed to reach out to our community, local partners and donors with a call to action for support, a home delivery service operated by volunteers was set up for self-isolating beneficiaries, shielding volunteers retrained and provided administrative, data analysis and other expert support onlinelremotely, we increased engagement of our e-referral system, trainlng new agency staff at our 250+ referral agencies and enabling them to issue beneficiaries with voucher codes generated online, removing the requirement for paper voucherslface-to- face engagement, Page 17
• multilingual information sheets were produced showing beneficiaries how to obtain a voucher from a referral agency with contact details for local Citizens Advice and a national freephone advice line set up by jointly by the Trussell Trust and Citizens Advice, we entered new partnerships with numerous local businesses to support our work both financially and to help us with special projects such as providing free takeaway lunches during school holidays, and robust signposting and non-food support systems for beneficiaries were produced including up-to-date contact information reflecting lockdown changes on: accessing f ree food, debt advice and other financial advice, nutrition and additional resources for families and children, LGBTQ+ advisory services, support for migrants and those suffering from mental health or addiction or domestic abuse issues. Image 12: Volunteer packing emergency food parcels Impact In stark contrast to many food banks across the country, including many in neighbouring boroughs, we never closed our doors and were able to distribute emergency food to people In crisis from five centres across Hackney to thousands of people in East London. Page18
As demand grew exponentially so too did our operation. We tripled the number of active volunteers to over 180 allowing us to create group A and B bubbles to mitigate against any centre or operational process being shut down due to a covid outbreak. TIT 180. active volunteers Image 13: HFB had over 180 active volunteers In 2020 Through our increased and proactive online activity we encouraged volunteers to join us and solicited donations. we saw an incredible local response not just from individuals but also local partners and business. We received over 220 tonnes of donated 214,250 k8 food between 23 March and 31 December, a tripling compared to the same period in 2019. of food dlstrlbuted In 2020 Image 14: HFB dlstrfbuted 214,250kg of food in 2020 Increased financial donations ensured we could supplement food donations with an additional 10, 51 Okg of purchased food and other essential items such as toilet rolls, soap, sanitary products, toothpaste and nappies. Two weeks, worth of emergency parcel stock was always maintained and emergency procedures developed in the event of an outbreak which fortunately never occurred. With more than a quarter of our beneficiaries being children, mostly of primary school age, we forged new partnerships with local businesses to provide holiday takeaway school meals, supplemented close to 1, 500 extra parcels during the Christmas festive period with additional seasonal items, and are now on track to provide hundreds of meals throughout the school holidays in 2021. Image 15: Over 25% of beneficiarie5 were children in 2020 over 25°A of beneflclaries were chlldren Page19
"I want to 8Sve to my klds [a] good Ilfe and Ilfe condltions, but It's not that easy rlght now wlth everythlng." Karina lives with her husband and their three small children. Before the pandemic, they had a good income through her husband s work as a taxi driver, but with repeat•d lockdowns their situation became very Challenging. After rent, bill5, and heatini through the cold weather, they had very little money left for food. They applied for Universal Credit but with the slow process and all other benefits being put on hold in the meantime, they had less money than ever and growine arrears. Karina got in touch with Citizen's Advice, who told her about how the food bank can help. The pandemi¢ had a huge impact on their lives, and Karina is so 8ratefuL for the help that has been liven to her family in the difficult and challenging times, especially to the kids. "It's not always easy to Share wlth others what, on the heart [...] I felt much better after I shared my fèellrrys and how l am feellng everyday.. "It is indescribable,. she said. She is very thankful to the people who are helpini others and especially to those who are helpini and supportini food banks, and also voLunteerin8 and working there. It meant a lot to her to share her story¥ and be listened to and understood. The Hackney Foodbank not only offers emer£ency food parcel5 to SUPPOrt immediate relief from huneer, bul ensures that all beneficiarie5 have the chance to talk through their circumstances and access specific support to address them. This joint approach, inherent in the voucher system, enables us to address food poverty and financial hardship in our community? and ultimately work towards ending the need for food banks. Image 16: Karlna with her shopping trolley Page 20
Lessons learned Our beneficiaries are offered an entwined support model: emergency food alongside 5ignp05ting to local advisory partners who can help address specific crisis issues. This is predicated on agencies and signposting organisations being open and able to issue vouchers. Unfortunately, due to the lockdown many of these partners were not operating face-to-face services. While we never turn people away without food, we had to adjust our model and build new partnerships to try and ensure our beneficiaries continued to have access to additional support. over 60/ of beneflclarles were In crlsls due to low Income Image 17: Over 60% of beneficiaries were in crisis due to low income This included our vulnerable resident5, such as those with no recourse to public funds, victims of domestic violence, individuals with life-limiting health conditlons, people who are homeless and families whose lives have been thrown into chaos as a result of the pandemic. We rapidly moved to an online e-referral system which heLped remote workers to issue vouchers over the phone. However, overwhelming demand for Services coupled with beneficiaries who simply could not afford to go online or make phone calls, meant that we were unable to support everyone with the wraparound provision we aspire to provide. 11 11 11 11 11 5 local distribution centres Image 18: HFB has 5 dlstributlon centre5 across Hackney Page 21
We have since designed a pilot programme where named support agencies provide support over the phone to beneficiaries (while our distribution centres are open) to support them and enable thern to book a follow up appointment. With such rapid growth we spent much of our time during the first lockdown firefighting and relying on our Board of Trustees to support a fledgling team to meet the unprecedented demand. We know that we could not help everyone or support residents in all parts of the borough. Towards the end of 2020 we actively recruited a CEO to help provide overall leadership, develop strategy and refine our processes and structure and ultimately help maximise our coverage and Impact. Financial Review For the year to 31 December 2020, The Hackney Foodbank generated a surplus of £715,472, an increase from a surplus of £20,723 in 2019. Most of this surplus has arisen due to significant increased funding in response to the Covid-19 crisis. In 2020, we distributed 220 tonnes of food, compared with 82 tonnes in 2019. During 2020, total income received by the charity came to £1,382,628 {2019: £341,642) with expenditure of £667,156 (2019: £320,919). For the details behind these figures, please consult the financial statements which folLow the report. Both the income and expenditure include 'donations-in-kind' This includes the value of food we receive and distribute, but not the value of thousands of hours of volunteer time donated to the Charity. In 2020, The Hackney Foodbank's principal sources of funds comprised: Individual and corporate donations: £848,235 Value of food donated: £442,571 Grants: £89,729 Page 22
Reserves Policy Our reserves policy requires that we retain free reserves in unrestricted funds to be sufficient funding for six months of normal expenditure and any closure costs. In 2020, unrestricted reserves increased from £116,691 to £833,146. The surplus amount will be used over the next three years to enable and accelerate the delivery of The Hackney Foodbank strategic plan. Principal Risks and Uncertaintles The Covid 19 pandemic and resulting economTC and social consequences (including the lockdowns) have meant that 2020 was a year of enormous uncertainty. As described above The Hackney Foodbank successfully implemented contingency plans that allowed it to continue to function very well during this period and to continue to deliver on its charitable objectives. The long term impact of the pandemic on the UK as a whole, the charity sector more generally and on The Hackney Foodbank in particular is yet to be seen. However, from a financial perspective, the Trustees note that as a result of increased online donations, supported further by the successful securing of emergency response funds, The Hackney Foodbank's financial position has been strengthened in 2020. The Board can confirm, through appropriate consideration of risks as part of its normal risk management processes, the Trustees consider that it is appropriate for the going concern basis to be adopted for these accounts. In addition to the uncertainty created by the pandemic, the Trustees consider that the key risks to The Hackney Foodbank are as follows: Failure to recruit and retain sufficient staff and volunteers to support our work: the end of furlough and people returning to office-based working creates a risk that individuals will have less time to volunteer to support the food bank. To mitigate this risk we are recruiting additional staff to support our volunteer teams, investing in volunteer tralning and ensuring that volunteer7ng with us is a rewarding experience. In relation to our employed staff team, we have restructured the organisation and engaged a full-time CEO, creating stronger and Page 23
more supportive HR proce55es, and introducing a formalised staff well-being programme. Lack of suitable premises for warehouse and distribution purposes: the significant increase in demand and changes to the way that we support our beneficiaries has led to pressure on our warehouse and distribution facilities; suitable space in Hackney is at a premium and we recognise the need to find flexibility in the premises that we use to provide our services. To mitigate these risks we have established a sub-committee of the Trustees whose role is to focus on premises matters and work with the CEO and senior management team to create our long-term premises strategy. Demand for our services: the pandemic saw a huge increase in demand for our services, and we are currently seeing a significant degree of volatility in this demand. It is unclear how the end of furlough, changes to the employment market in Hackney and the proposed removal of the uplift to Universal Credit will impact on the number of individuals and families in food crisis in Hackney. To manage this risk, The Hackney Foodbank is monitoring demand at centres closely and seeking to get better data about the driving factors behind individuals finding themselves in food crisis. The Hackney Foodbank is also looking to increase the number of emergency parcels held in reserve at any one time to give greater capacity to respond to volatility. In so far as the Trustees are aware: there is no relevant audit information of which the charitable companys auditor is unaware" and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Page 24
Plans for Future Periods Demand at The Hackney Foodbank over the last three accounting periods has grown exponentially and the Trustees expect that reliance on food banks will go on increasing at greater Levels going forward, especially in light of 7ncreased unemployment due to the pandemic, the forthcoming end to furlough arrangements and the withdrawal of other Government and local authority support. Our vision is for a hunger-free Hackney, where everyone can afford to eat. Following a comprehensive strategic review, our strategic objectives for future periods are to: • become a more equitable, diverse and inclusive organisation that reflects the community we serve at all levels of the charity; be sustainable (environmentally, financially and by promoting food independence). and provide effective food bank and signposting services where they are needed most. Structure, Governance and Management The Hackney Foodbank is a charitable company limited by guarantee that was incorporated on 9 December 2011. The Charity is governed by its Memorandum and ArticLes of Association (as amended by special resolutions dated 15 November 2012 and 11 June 2019). Membership of The Hackney Foodbank is open only to community organisations and instltutions (and not to individuals). In 2020, members comprised Grace Church Hackney Trust. St John's, Hoxton" Our Lady and St Joseph's, Kingsland. St Monica's, Hoxton. St Mary's, Stoke Newington; and the Salvation Army, Hoxton. Page 25
The Hackney Foodbank is governed by a Board of Trustees (who also serve as Directors of the company) which is responsible for the strategic direction, governance and policy of The Hackney Foodbank. Day-to-day management of the charity's activities is delegated to staff. Any person who is willing to act as a director may be appointed by the Charity by ordinary resolution or by the Board of Trustees, provided that in the latter case they must retire at the next Annual General Meeting and then stand for reappointment. A skills audit of all current Trustees is completed annually. Having regard to the outcome of that audit, the Board of Trustees then identify specific skills and experience that need to be recruited to provide a balance in terms of equality and diversity as well as ensuring reLevant skills required across the Board are met. Opportunities to become a Trustee of The Hackney Foodbank are advertised on Volunteer websites and through other media, including via a recruitment agency if required. Member Organisations may also nominate candidates. All potentlal Trustees shall apply by submittlng a CV and cover letter to the Trustees email address. Upon receipt, a Trustee or Trustees will arrange to meet the potential Trustee for a discussion. If the candidate meet5 the criteria a5 laid out in the role description and in line with the requirements identified via the skills audit, the potential Trustee will be invited to observe a Trustee Board meeting. (The potential Trustee may be required to absent themselves for parts of the meeting if sensitive information and issues are being dealt with.) Following the meeting observation, the Chair or another Trustee will consult the candidate on whether the recruitment process should continue and if so the candidate will attend an induction meeting. After completion of induction the candidate will be voted onto the Board of Trustee5 at the next meeting. Training for Trustees is provided by the Trussell Trust and from other third party providers including in particular organisations of which The Hackney Foodbank is a member. Page 26
Interested parties are invited to contact us by email at Trustees@Hackne Foodbank.or In 2020, three senior managers reported to the Board of Trustees: The Operations Director/interim manager, who was responsible for the smooth running of our operations, ensuring adequate food stocks in the warehouse, the successful delivery of food to the food bank centres, productive partnership relationships with our referral agencies and food colLection points, and overall management of our office premises. The Business and Development Director, who was responsible for the development of the organisation and its services, fundraising, finance management, partnership support and communications. The Volunteer Manager, who was responsible for the recruitment and training of our volunteers. The pay and remuneration of these key management personnel is settled by agreement having regard to the remuneration of similar roles in other food banks in the Trussell Trust network. The Hackney Foodbank is part of the Trussell Trust Foodbank network founded in 2004. Since then the Tru5sell Trust ha5 helped communities work together to launch food banks nationwide in a wide range of towns and cities. While The Hackney Foodbank is not required by its governing documents to adopt the Trussell Trust's policies and procedures, we are encouraged to do so, and in practice we have found it helpful, especially to ensure that The Hackney Foodbank's activities are conducted for the public benefit. The Trussell Trust also provides training and technical support and collates data from The Hackney Foodbank and other food banks in the network and uses this information to produce reports. Page 27
Reference and Administrative Details The name of the Charity (as it appears in the Register of Companies) is 'The Hackney Foodbank,. It is also known as 'HFB'. Its charity registration number (England and Wales) is 1149896 and the company registration number is 7877042. The address of the Charity's registered office is: The Hackney Foodbank Florence Bennett Centre Cherbury Street LONDON N16TL Those who were Trustees on the date that this report was approved or who served as Trustee during the reporting period include: Catherine Long, Trustee, appointed on 29 February 2016, resigned on 13 January 2020. Efe Avan-Nomayo, Chair of Trustees, appointed on 28 November 2016, resigned on 23 October 2020. Reverend Caroline Mary Taylor, Chair of Trustees, appointed on 29 July 2018, resigned on 9 April 2020. Susan Bell, Chair of Trustees, appointed on 23 January 2019. Loic Fossiez, Trustee and Treasurer, appointed on 3 June 2019 resigned on 17 January 2021. Zachary Lloyd, Trustee, appointed on 11 June 2019. Michael Johnson, Trustee, appointed on 20 May 2020. lan Stephenson, Trustee, appointed on 20 May 2020. lrnogen Clark, Deputy-chair of Trustees, appointed on 6 November 2020. Page 28
Caroline O'Brien, Trustee, appointed on 6 November 2020. Feona Daly Cairn, Trustee, appointed on 20 December 2020. Mark Boisson, Trustee, appointed on 7 April 2021. Nanette Daniels, Trustee, appointed on 17 May 2021. Those to whom the Trustees delegated day-to-day management of the charity on the date that this report was approved or who served in a senior management role during the reporting period include: Colleen Beasley, Operations Director, appointed on 7 July 2014, resigned on 4 September 2020. MeLanie Rochford, Business and Development Director, appointed on 3 July 2017, resigned on 4 December 2020. Gail Curry, Volunteer Manager, appointed on 8 April 2019 resigned on 15 January 2020. Hannah Henley, Interlm Operations Manager, appointed on 22 July 2020, resigned on 23 December 2020. Kye Lockwood, Interim Chief Executive Officer, appointed on 8 February 2021. Page 29
The Trustees also took advice from: Insurer Auditors Jelf Insurance Brokers Limited Knight Goodhead Ltd 7 Bournemouth Road Hillside Court, Bowling Hill Chipping Sodbury Bristol BS37 6JX Chandler's Ford, Eastleigh Hampshire S053 3DA HR support services Peninsula Business Services Limited Bankers The Co-operatlve Bank plc PO Box 101 The Peninsula Victoria Place 1 Balloon Street Manchester M4 4FB Manchester M60 4EP Flnancial Consultancy Aaron Rodewald of Jacquie Driver Ltd 25 Hilland Drive, Bishopston, Swansea, Wales SA3 3AJ CAF Bank Limited Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Solicitors Peter Korn (on landlord and tenant matters) Interface Legal Advisory Service 40 Wykenham Road London NW4 2SU Page 30
Declarations The Trustees declare that they have approved the Trustees, report above. Signed on behalf of the Charity's Trustees Signature: Full name: svsths v$(fIlLG OL.1L Position: LI4AIL, rtbsruLY ZOLI Date: Page 31
Appendix 1: Artlcle 4 of the Charity's Articles of Association Objects 4 The charity's obiecls I"ObJecls") are speGilically oslricled lo the following {1} To advance the Christian failh (as expressed In the Apostle's creed'} In the London Bofough ol Hackney. Of elsewhere, by the PTaclical expression of Chrislian compassion and hospilalily primanly by the provision ol a FoodBank 12) The prevention or relief of poverty or financial hardship In the London Borough of Hackney, or elsewhere, Including the provision of grants, Items and services to Individuals In need, 12> To advance educaiion, tr8ining and retraining among unemployed people. {3) To develop the capacity and skills of members of ihe communily In such a way Ihal Ihey are beller able to Idonlily. and help meet their needs and participate more lully In society Page 32
Appendix 2: Theory of Change JR VISIO OURVALUES oirrcoiiE5 AcnvriES IIOW I EIIAOLERS trHI Aeuptafjd prO¢¢SS l¢od THEORY OF CHANGE r•w tv•al QUR MI5510N 5UtWi {rE&l5 PJTr•b Jffw trtiN. tipoopie th crf555 hyrwlnltpe OppoAurAthsloiF•u&th hal undst(d CONTEXT In Hadw a 4r04blry Ibr0 PÈO0arÈl1nd5ry lh1n¥+5n crf515 DrtrapP lTrpwwty. Sknceti stsrt¢l thecwd.ii pahd¥nl¢. lhenthr1 houiÈdSeIllth1nI UDfveNicttththa5trlNed, woyer 30,0. Thi Stit•of Hunyi RopDrt2021 M8hll%ht5 wf$Lrt Is [¥ly•tthih,vdthlD5IkI? tD ¥o(kn15JtYJFWi 1fid15thr•foith VlththllUSP) 5trnni D5vor5eJrl 14we5ethifyeyoluntherrk1wCè- Il¥odwerf•nc• e lAbIttQa11orfOd.o1h5 111 Itb, vErSe Illeexperfence5J i11(kolaL tu tejurt loftThlrconlunctlMI. tstlall5 strMirfwrJlyihway5 mnt5. vdth dat* Tlalnodstsrld Yolunr51&tlfy 0Th1115ed 5UPPDrt eM4t•4ppprtLth51or bBlleYe to IhEDDtknlhit ther• Page 33
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HACKNEY FOODBANK (Company Ilmlted by guarantee and not having a Share capltall Opinlon We have audited the financial stalemenls of Hackney Foodbank for Ihe year ended 31 December 2020. whioh compris8 the Statement of Financial Activities, Balance Sheet and the relat8d nolas inGluding a summary of the significant accounting policies. The flnan¢Sal reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Includlng Fin8nclal Reporting Standard 102.. The Financial Reporting Standard applicable to the UK and Republic of Ireland (UnSted Kingdom Generally Accepted Accounting Practice). This report is made solely lo the company's members. as a body, in aGcordanGe with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mighl stale lo the company's members those matters we are required lo state to them in an auditor's 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 company and the Gompany's members as a body, for our audit work. for this report, or for the oplnions we have formed. In our opinion. the financial statements.. give a true and fair view of the slate of the charitable company's affairs as at 31 De¢ember 2020 and of its income and expenditure for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice- have been prepared in accordance with the requirements of the Comp8nles Act 2006. Basls of oplnlon We conducted our audlt In accordance with International Standards on Auditing IUK} IISAS IUKII and applicable law. Our responsibllilies under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Gharitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the auillt evldence we have obtained is sufficient and appropriate to provide a basls for our opinlon. Concluslons relatlng to golng concem In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of aoUntIng 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 lo continue as a going concern for a period of al least 12 monlhs from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to golng ¢on¢ern are d6scrib8d in Ihe r81evanl sections of this report. othèr matter In the previous accounting p6riod the Iruslees of the charitable company took advantage of audit exemption under s144 of the Charities Act 2011. Therefore, the prior period finan¢ial statements were not subject to audit. P898 34
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF HACKNEY FOODBANK ICompany1SmSted by guarantee and not having a share capital) other informalion The trustees are responsible for the other informallon. The other Informatlon comprfses the information includod in thg annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial slalemenls does nol cover the olher Information and, except to the extent otherwise explicitly slated in our report, we do not express any form of assurance concluslon thereon. In connection with our audit of the financial statements, our responsibility is lo read the other information and, in doing so, consider whether the other infomialion is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheNise appears to be materially misstated. If we identify such material in¢onsislencies or apparent material misstatements, we are r8quired to determine whether there is a material misstatement In the financlal statements or a material misslatemenl of the other informallon. If. based on the work we have performed, we conclude that there is a material misslatem8nl of Ihis olh8r information, w8 ar8 r8quired to report that fact. We have nothing lo report in this regard. Mattèrs on whlch we are requlred to report by exceptlon We have nothing to report in respect of the follovAng matters in relation to whlch the Companies Act 2006 and the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion- adequate accounting records have not been kept or retums adequate for our audit have not been received from branches not vislted by us., the financial statements are not in agreement with the accounting records and returns. certain disclosure$ of Iruslees, remuneratlon speclfied by law arè not m8de-, or we have not obtained all the information and explanation5 necessary for the purposes of our audit., the trustees were not entitled lo prepare the financial statements in accordance wrth the small companies regime and lake advantage of the small companies, exemption in preparlng the trusle&s' report and lake advantage of the small companies exempllon from the requlrement to prepare a strategic report. Responslbllltles of the trustees As explained more fully in the trustees, responsibililEs statement, sel out on page 14, the trusteeg are responslble for the preparation of th8 financial slalemonls and for boing satisfied that they give a true and fair vlew, and for such inlemal control as they detemiine is necessary lo enable the preparation of financial slalemenls that are free from material misstalemenl, whether due lo fraud or error. In preparing thg financial statements, the trustees are responslble for assessing the charitable company's ability lo continue as a going concern. disclosing, as applicable, mallers related to going concern and using the going Goncem basis of acGounling unless the trustee8 either intend to liquidate the charitabl8 company or lo cgase op8ralions, or have no r8alislic altsmalive but to do so. Pgge 35
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HACKNEY FOODBANK Icompany Ilmlted by guarantee and not havin8 a share capltall Our responslbllltles for the audlt of the flnanclal statements We have been apF)olnted as audllor under Companles Act 2006 and reKK)rt In accordance wlth the and r816V8nl regulations mad8 or having effect theraund8r. Our oblectives are to obtaln reasonable assurance about whether the financial statements as a whole are free from malerial misstatement, whelher due to fraud or effor. 8nd to issue an auditOT'S report that includes our opinlon. Rea$onable 8s$urance 1$ a high level of assurance, but Is not a guarantee that an audlt conducted in accordanoe wlth ISAS IUKI will always delect a material misslalement when il exists. Misstatements can arise from fraud or error and are considered material individually or in the aggregale, they could reasonably be expected to influence the economic declsions of users taken on the basis of these financial stalemenls. Irregularltles. Includlng fraud. are Instances of non-comp118nce with laws and regulatlons. We deslgn procedures in line with our responsibilities, outlined above, to detocl material misslalements in respect of irregularities, including fraud. The exlenl lo which our procedures are capable of detecting irregularities. including fraud is detailed below.. The engagement partner ensured that the engagement team collecllvely had the appropriate competence, capabilities and skills to identify or recogn1se non-compliance with applicable laws and regulations. We identified the laws and regulations applicable to the charitable company through discussions with trustees and other management and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal corrgspondence. We assessed the susceptibility of the charitable companys financial 81atemenls to material misstatement. including obtaining an understanding of how fraud might occur, by making enquiries of management as lo where they considergd ther8 was susceptibility to fraud. th8ir knowledge of actual, suspected and alleged fraud and considering the internal controls in place to miligale risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through managèment bias and ov8rrlde of controls, w& performed analytical procedures to identify any unusual or unexpected relationships, tested journal entries lo identify unusual transactions and invesllgaled thè rationale behind signlficant or unusual tfansactions. In respon88 lo the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included. bul were not limited lo: agreeing financial statement disclosuros to undertytng supporting docum8ntation,' reading the minutes of meetings of those Charged wilh goveman¢e,' and enquiring of management as to actual and potential liligalion and claims; There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial Ir8ns8Ctions, the less likely il is that we would become aware of non-compliance. Auditing standards also limil the audit procedures requlred to identify non- compliance with laws and regulations to enquiry of the trustees and other management and Ihe inspection of regulatory and legal correspondence, if any. Page 36
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HACKNEY FOODBANK Icompany limited by 6uarantee and not havlng a share capltall Material mlsstalements that arlse due to fraud can be harder lo delect than those that arise from error as they may involve dellberate concealment or collusion. A further descfiption of our r8sponsibililies for tho audit of th8 financial statements is located on the Financial Reporting Council's website al.. www.frc.org.uklauditorsresponsibililes. This description forms part of our auditor's report. Knight Goodhead Limited is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. Use of our report Thls report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of thg Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's members those matters we are requlred to state lo them In an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibilily lo anyone other than Ihe charitable company's members as a body. for our audit work, for this report, or for th8 opinlons we have form8d. C J Goodhgad FCA S&nior Statutory Auditor Dated.. 73 Sep4efv&or U'LI Knlght Goodhgad Llmlted Chartered Accounlanls and Slatulory Auditors 7 Bournemouth Road Chandler's Ford, Easlleigh. Hampshire, S053 3DA Page 37
The Hackney Foodbank IA company Ilmlted by guarantee) Statement of Flnan¢Tal Activities For the year ended 31 December 2020 2020 Re5trlcted 2019 Re5trfcted ljnrestrfcted Total Unrestdtted Total INCOME FROM.. Note Donatlons and Lecades Property Income Donated food TOTAL INCOME 883.274 2.093 442,571 1.327,938 54,690 937,964 2,093 442,571 1,382.628 141.311 5,195 156,186 302,692 38.950 180,261 5,195 156,186 341,642 54,690 38,950 EXPENDITURE ON: Value of Donateé Food Other expense5 on Charitable ActitIeS TOTAL EXPENDITURE 387,855 223,628 611,48J 387.855 279,301 667,156 139,680 128,620 268,300 139,680 181,239 320,919 55,673 55,673 52,619 52.619 NET INCOMVIEXPENDITIJREI 716,455 19831 715,472 34,392 113,6691 20,723 Bat8nces brought forward at 1 January 2020 116.691 6,619 123,310 82,299 2Q,288 102,587 BALANCES CARRIED FORWARD AT 31 DECEMBER 2020 833,146 5,636 838,782 116,691 6,619 123,310 Movements on all SeThe5 and all fecogntsed galns and losses are shown above. All of the otyanlsatlon's operation5 are classed as continulng. Pale 38
The Hackney Foodbank IA company limlted by 8uarantÈe} Balance Sheet For thè year ended 31 December 2020 31-Dec-20 Not• Unr•strlcted Restrlcted 31-De¢-19 Unrostrlctod Rfjstrlctod Tot Total A66ets Flxtd A¥$et$ Motor Vehlcles Office Equiprnenl Total Flxed A$8•t$ 27,619 110 27,729 4,718 32,337 110 32A47 5.828 5,828 329 6.15Y 329 329 4718 5,828 Curr•nt AsBets D8blors Slocks Cash al Bank & in Hand Prepaymènts 138,81fj 111,442 575.456 1,169 138,816 111,442 576.374 1,169 5,888 38,332 55,061 1,169 5,888 38,332 55,852 1,169 918 791 Totsl Curront A¥s•ts 826.884 918 827.802 100.450 791 101,241 Total As8Ot8 854,613 5,636 060,249 100.780 q619 107.399 LlabllStles Curi•nt Llabllltl•$: fallSng wlthln 12 months Current Creditors Accwals Tofal Current Llabllltles 13.159 8,308 21,487 13.159 8,308 21,467 880 5,008 5,888 880 5,008 5,888 Net A980t8 838 782 101 510 Equlty G8neral Fund RèslrtGl£d Total E ul 833.146 833.146 5.636 838 782 116,691 110.691 6,619 123 310 5,636 8,619 833 146 116691 The trustees acknowledge their responsibility for compl*ing with the requirements of the Companies Act 2006 with respe¢l to accounting record5 and the preparation of accotsnts. Tho ac¢ounls have been prepared In 8ccordance with tha provlslons in P8rt 15 of the Companles Act 2006 appllcable to companies sublecl to the small companles reglme and In accordance with the Flnanclal Reporbng Standard for Smallor Enlilleslgffedvg Aprll 2008). The trust$ès acknowladgè thalr rèsponslbllity for ensurlng that the company keeps proper accounting records which comply with Section 386 of the A¢t and for preparing financial ¥lat9m8nts which giv& a true and lair vl8w of the state ol affairs of the eompany as at the end of the financial year and ol its profil and Ios8 for the financial year in accordance with the requirements of sections 394 and 395 and which Oth8Se compSy with th requirements of the Companles Act 2006 relating to accounts, so far as applicable lo the company. Approved by Ihe Trusle&s on the .. Slgned on their behalf by Trustee . Print Narne.. Ms Susan Bell Company Registrati Number, 7877042 Page 39
The Hackney Foodbank IA company limited by guarantee} Ca5hflow Statement For the year ended 31 DeceMr 2020 2020 2019 Notos Net ¢86h flow provld¢d by op¢Yatlng actlvltl8$ 549,340 118,6781 Cash Il¢)ws from Investlng actbvltl85 Inl8r8St received Pur¢ha58 of fix8d as8818 Net cash flow 128,8201 520,522 18,678 2020 2019 Cash at the end of the year Cash at start of the year Increase In cash In the year 576.374 55.852 520,522 55,852 74,530 1 R•¢on¢lllallon of Nat Mov¢mènl In Funds ¢0 Net Cash How from Operatlng Aetlvltle8 2020 2019 Not moY8m8nt in funds for the year Interest rec8iv8d DepClaI1¢n D8creasellincrea5el Sn debtors Decreaselllncr¢a$o1 In Stock IDecreas?Ilincr8as8 in credltors 715.472 121 2,531 20,723 1,330 117,1551 116,5061 17,0701 173,1101 15,578 N•t cash Ilow from operatlng actlvltlos 549.340 118,6781 2 Analysls ol Ca$h and Cash Equlvalonts 2020 2019 Gash al bank and In hand 576,374 55,852 576,374 55,852 3 Analysls In Change In Net Dobt 2019 ash flows other non C05h chanues 2020 Cash at bank In hand 55,852 520,522 576,374 TOTAL SS,852 520.522 576,374 Page 40
The Hackney Foodbank (A company Ilmited by 8uarantee) Notes to the accounts For the ye•r ended 31 December 2020 1.ACCOUNTING POLICIES Bas1¥ of pr8paratlon rhe financ1818lal8ments have b89n prepared in accordance with applicable accDuntSng 5tando¥d¥, Ihe Charilws Act 2011 and th8 Sl8ltment of Recommend PracCe 8pplicab1e lo charities preparing their accounts in accordance %ith FRS 102 leffeCve January 20191. Th? Charlty m88ts the deflnilion of 8 public b8n8fll enlbty under FRS 102. A888ls and liabllits.es are inltially recegnlsed al hlslorkal cost or tranyactlcn value unleB5 otherwise staled In the relovaDt accounlng pollcy nolo5. The Pditicular accounting poliryes adopted are ¥et out below. Incoming Resou08 Reci)gnllion oflncomlng Resources These are Included in the Ststemgnl of Fln8nclal Acllvi1188 ISOFAI wh8 the charity becomes enlilled lo the re8ources'. Iht Trusle9s 8rg Vlrtually ctrtain they wll rècèivè IhÈ r8$0urcès,' and the mon8tsry valuè ¢8n b8 m&08ur8d with $uffi¢lgnt re118bllity. Incomlng rnsourc6s wilh s¥lated8xpondilure Where incoming resources have related expenditu(8¥ W9th fundraising orconlrgct income) the incoming resource a1 rdaled expenditure are reported gross in Ihe SOFA. rt$ 8nd Don8tions Grants and Donallons 8re only In¢ded In th8 SOFA wthen the chadly has uncondilioThal enlillem8nt lo th8 resources. Tax Trclaims on Donalions and Gifts In¢omlng resour¢&$ from tsx re¢laSm$ aro Induded In tho SQFA In the samg financlal perfod as thg gfft lo whl¢h thèy rèlalè. Contr8clu8lincom& 8ndPerfwm8nce Re181ed Gr8nts This is only inelud8d in the SOFA once the related good5 or servKes has been delivered. Glllts klrjd Gllts In klnd ar8 account6d for at a r88s0nable esllmate of Ih8lr value to th8 eh8rNy or Ihe amount aclualty realised. Donated JndFa¢ililies Tho$0 9 onlylnGluded In Irwnlng re$our¢e$ {th an equlvolent amount In reseurces oxpendedl where tho bénefit to the charity is rea3unably quanlifiable, measur8bl6 8nd tDaterial. Th8 v8kJ6 placed on thèse r8sourc88 fjs th8 881pmat valua lo the chaTIty of the ser¥lce or faclllly reeelved. VduftleerH8lp Tho vttlue of 4ny vdunlary help reIved Is not indud£d in Ihe accounts but 1$ describèd In the TruÈlÈ8s' annugl r8POrt. EXnd1¢T# and Ilabllltlo$ Lial)i1Y recognil LSab111110s are iecogn15ed 4s soon as Ihere Is 41$9al or ¢onstru¢lfve Lg)1198tlon ¢ommlttiw tho chatY to pay out resour¢e$. Grènls wtthpérfomi8n¢e ¢ondllons Wher8 lh8 ch8nly giv88 8 grant wllh condlbon8 for it8 Paymenl b8ing 8 SP8cific leve1 of servic8 or output lo be provlded, such grant8 are only recognlsed in Ihe SOFA once the reapienl oflhe grant has provided the specified 5ervlcg or oulpul. P88 41
The Hackney Foodbank IA company Ilmited by guarantee Notes to the accounts For the year ended 31 December 2020 Operating le8S8$ Rentsls applicable to oporaling leasas ar8 charged lo Ihe SOFA ovor th& poriod in which the cost Is Incur. Pension Costs Conlrfbutlon$ In ¥e5P6¢t oltho charllablo cornpanls deflnad conlr1buOD scheme are ¢harged to th¢ SOFA In Ihe yeOT in th1¢h they are payable to tho scheme. Oiff8ranc8s tt¥en ¢onlrlbubon$ payable and Contri11$ aclualty pafjd In the year are Shown in other creditor8 al the year ond. Flxed assets Offlc8 8qulpm8nl from £500-£5,OC(i are str8lght Ilned depreclaled over 3 year8. Offic8 8qulpmènl th 8 IMg&r IK& costtno over £5.000 ore straight line deprecF8led ovar 5 yaars. Motor vehicles are 8tralghl Iln8d deprècpted ovti 8 yèars. Olher A858ts Ihat ar? deemed lo hava a longer Ilf& than 5 yoar$ ¢aD b8 dBpr8cL41gd al a longer tim8 th8 Irustsas approval. Golng Concem The Charlty 8XP8CtÉ to be able to conllnup In operation through Ihe contlnued TEcelpl of ft8 and grants. Whlbt the ongoing COVID-19 p8nd8mlc has Impa¢led the Gharity's activitie5 la5 detailed in the Trustees Report), the charity has bean 8bl8 lo adapl lo th? changlng clrcumst8llCès dnd il is not expected that it cause malerial uncertainties gboul Ihe charity'8 ability lo conllnue. Gash fWfOrec9Sl for Ihe next 12 months indicate that inceme and ¢a$h balon¢e$ ¢arrled forward should be suffiuenl lo c(werthe budgeted costs. Therefor8 thes8 acwJnt8 have be8n pr8p¥erf on a 90ing concèrn ba$i$. Flnanclal Instruments Th? charftabl8 company only èntars Int¢ ba$lc fin8noial Instrum8nt transactlons that re8utt In th8 r8cognlUon of financial 8SS8ts 8nd118bili118815kè trade arKI olhor dobtor$, cash al bank and credilor$. Th888 basic financial instruments are m8asured al Irans8cllon prlse are sub5equenlty rneasured at amL¥Used cost. Flnanctal assets and ILqblllll8s classifd as due thIn one year affj not amorbsed. Taxa¢lon The charitable cornpany is considered tri pass Ih8 t8sI8 set out In Paragraph 1 Sthedule 6 of the Finance Act 2010 and Ihereforg Il m89is lh8 definiuon of th8 charilabla company for UK corporallon lax purp059s. Accordingly. Ihg charftgble ovmpany15 POtenlialW exempl from taxatlon in Fespect of incom& or c8pilal g8ln$ receSved wilhln ¢alegortes ¢overed by Chapter 3 Part 11 of Ihe Corporation Tax Act 2010 or SecloTh 256 of the Taxation of Chargeable Gains Act 1992, to thè tsxlpnt that $u¢h Incom¢ or gains ar& applied &xelu8V6IY to charitable purpose$. PaEe41
The Hackney Foodbank (A company Ilmlted by guarantee) Notes to the accounts For the year ended 31 December 2020 2 INCOME 2020 UnTgBtTl¢tgd Rgstrl¢tod 2019 Unr•$trl¢t•d R•strlet•d Totsl Total Donatlon¥ and Legacle$ Donglions Grants Corp)rale Donations Fundraising Event Total 808,257 35.039 38,888 1,090 883.274 808,257 89,729 38,888 1,090 937.964 113,503 27,809 113,503 66.759 54,690 38.950 54,690 141.311 38,950 180,261 Oth•r Income Prop&rty Income Value of Donated food other Incorne Total 2,090 442,571 2,090 442,571 5.195 156.186 5,195 156,186 444,664 444,664 161.381 161.381 TOTAL INCOME 1,327,938 54,690 1,382,628 302.692 38,950 341.642 2020 Llnrostrietod Restrict•d 2019 Unrèstrfet•d R•strl¢t•d 3 EXPENDITURE Total Tolal Fundraislng Acllvllles Govemance Costs Prèmlsg8 Costs Salarles Value of Donated Food Surplus Cost ol Food General Expenses Total 13,951 10,922 31,138 117,565 387,855 5,593 44,461 611,4B3 13,951 10,922 31,372 163,128 387,855 10,622 49,306 867,156 3,472 7,041 18,643 53,024 139,680 24,259 22,181 268,300 3,472 7,041 1B,643 104,533 139,680 24,259 23,291 320,919 45,563 S1,509 5,029 4,845 55.673 1,110 52.619 Included wlthin Governance Cosis above are amounts due to the auditor in rglalion to the audil of £4,80012019.. £nil}. In 2019 an audit was not required and amounts due lo the ind8perKlent 8xamin8T W8re £750. Pa8e 43
The Hackney Foodbank IA company limited by guar•ntee Notes to thè accounts For the year ended 31 December 2020 4 R•JtrlctDd Funth B&1 1-1-20 Income Exp•ndttur• Blll 31-12-20 Ha¢knpy Pgrorhial Charily Lorwjon Foudbank Dgvdoprnonl FM&{Vl LoThJon FOcbank D8vdowènl FWrtIS[ky> Tru9sell TN¥l ty Tge Tru51 5,000 5,000 5.828 918 4.718 918 4.0 45,690 54,68Q 4,000 45,S63 $5,673 Total 6,619 4636 2020 Sto¢k oul Bal 1.120 Slo¢ In Sto¢k Adl Bal 31.12.10 S DDn&t•d $¢•¢ks DoDtyipd Stocks 38.332 de0,5 377,981 9,874 111A42 Donaled Slo¢k 63,8[9 1th Ih•vakngof £111,442 ushiq thoTnJ5uII Trust 9uld¢Hnes ofEI.76 kg1201. 22,816.67 kg or£3B,332wng weviou¥ ValUah( of £1.68 perkol. Noi.' ThL¥ l¥ nol a IIqLid assot Is onlylo be donated to Ind8 in D¥9d. Stock ID IGdeB 8 vAfuÈlknn of £18,3Y ol $t¢¢k v4hith ha8 been pUrth&d tyl thBrty kn orderlo twdthp required demalld. Th15 haB been valued uslng IhèTNsgdl TtUSt gUKIe8 a8 menUon80 &bov8. 202 Re6trfct•d 2019 R•&b1¢ted $ Dbttyr HMRC Glft akl Uthr•$trl¢t•d 39.390 91,838 7,S88 1.169 139.996 Tot41 39,390 91.838 7,588 1,169 139.986 Vnrejtrlcled S,567 20.Y92 1.128 5.567 20,992 Ac¢ow¥ Rec8Nd6 Propaymgnl Tol•l 1.169 21.850 28,856 7 Cr•dltor• and Ac¢rual•'. Am•unt Waln0 du•withln * ybar Aunt8 Payab Wages Payabl• Accrua T•lal 21120 Rg¥trfGt•d 2019 Unrestrl¢t•d 2,1È5 10.974 8,308 21,467 Totsl 2,185 10.974 8,308 21A67 VrW•%tfkled 492 492 5.008 5.888 202tt 2019 8 ¢h atbank ènd l• hund CLr8nt Unrestrlct•d 575.456 R•8trfet•d 918 Total 576,374 Unr48lrld•d 55.081 Ro$irf¢t•d 791 Tol•l 55.852 Oth¢0 EquIPntst Vn IR¢etrlctedl O Flxed AM•t Van Total Aclualnlovalu•d cost Al 1 January 2020 Add0Th5 durfrvJ yfrar DIspo8aFs year Al 910e¢&mb4r 2020 8,881 659 9,540 28.820 28.820 8.881 21,120 38.W D#pr•¢lallon Al l January 2020 Chorg6 lorlh8 year DL5P05è1sthrlng year At 31 D•c•mb•r 202fy 3.058 329 220 3.382 2,531 1201 4,1$3 1.201 549 6.913 NBI BookV&lu$ At 1 JaNary 2020 5,828 329 6,15T At 31 D•umb4r 202[ 4,718 27,619 3247
The Hackney Foodbank IA company Ilmlted by guarantee) Notes to the account5 For the year ended 31 December 2020 1ts SiallCoBi• 2021 2019 Wa983 and 8814ri68 lthc1 PAYEI EMPYerS Nl eontyibullons InblolEmpknyera albjwoncel Ernpbyers Pgn4oD nInbUon5 154,075 6.729 2.325 163.128 97.587 s,oio 1.93e 104.533 Avew numberof8mp1o9 Vdhtswere engaged kn each oflhè fkngaclwiI11¥'. 202tI 2019 Actlyllles In lurtheranrgof organl¥albns obj ManBggmntand adnIStra1 10 Errwoyee nurrkner5 a5 an a¥9rag9 YfE IfuH ttmé èwlvaknt).. No ernployee9 ff¢dved OMuMBn1O h ¢&30t£.jo Jrfng lhorihilts msNJw8tsfk managÈrnoDI pbrsonnelwerg pahl remunerauon b9ts i(allw£101,87U1201tr. thrèÈ mÈmbèrs £68,6761. tl Rdatad Partlo6 TIAn60¢On Th8r8 weie no idaled parft•slr•nsaclTh 202012D19'. none). 12 Op•rolSng L•age Commllrn•rbts A6 •1310o¢¥mbèr2020, the tharttAble company hBd amualcommllrnoth nOnaellIblPop0r&tsn9 knse9 89 lolts, 2020 W51hln onpyeat ¢)MAnd fvtyÉar9 14.032 14.032 Thtopgialtrw lease t(>llw rent410gr9Emehl meln pren$68. pa8p45