Hackney foodb HACKNEY FOO ANNUAL REPORT 2021 £ FOOD
STRATEGIC PLAN 2022
M31A3tI IVI?NVNla
| Insurance broker |
Auditor | ||||||
|---|---|---|---|---|---|---|---|
| Marsh Commercial | Knight Goodhead | Ltd | |||||
| 1st Floor | 7 Bournemouth | Road | |||||
| No. 1 Bridgwater | Road | Chandler's | Ford | ||||
| Worcester WR4 9FQ |
Eastleigh | ||||||
| Hampshire | S053 | 3DA | |||||
| Principal bankers |
|||||||
| The Co-operative | Bank PLC | CAF Bank I |
imited | ||||
| PO Box 101 | 25 Kings Hill Avenue | ||||||
| 1 Balloon Street | Kings Hill | ||||||
| Manchester M60 4EP |
West Mailing | ||||||
| Kent ME19 | 4JQ | ||||||
| Metro Bank Pl C | Redwood Bank |
||||||
| One Southampton | Row | The Nexus | Building | ||||
| London WC1B 5HA | Broadway | ||||||
| I etchworth | Garden | City | SG6 3TA | ||||
| Investment managers |
Solicitors | ||||||
| CCLA Investment | Management | Peter Korn | |||||
| Senator House | (on landlord | and | tenant | matters) | |||
| 85 Queen Victoria | St | Interface Legal Advisory |
Service | ||||
| London EC4V 4ET |
40 Wykenham Road |
||||||
| London NW4 2SU |
|||||||
| HR support services | |||||||
| Peninsula Business |
Services Limited | ||||||
| The Peninsula | |||||||
| Victoria Place | |||||||
| Manchester SA3 3AJ |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestncted | Restricted | Total | Unrestricted | Restricted | Total | |||
| INCOME FROM: | |||||||||
| Donations and legacies |
720,142 | 133,036 | 853,178 | 883,274 | 54,690 | 937,964 | |||
| Property income |
2,090 | 2,093 | |||||||
| Other income | 341 | 568 | 909 | 2 | 2,093 | ||||
| Donated food | 340,879 | 340,879 | 442,571 | 442,571 | |||||
| Total income | 2 | 1,061,362 | 133,604 | 1,194,966 | 1,327,938 | 54,690 | 1,382,628 | ||
| EXPENDITURE ON: | |||||||||
| Value of donated | food | 309,895 | 309,895 | 387,855 | 387,855 | ||||
| Other expenses | on charitable | activities | 401,296 | 76,774 | 478,070 | 223,628 | 55,673 | 279,301 | |
| Total expenditure | 3 | 711,191 | 76,774 | 787,965 | 611,483 | 55,673 | 667,156 | ||
| NET INCOME/(EXPENDITURE) | BEFORE | GAINS AND LOSSES | 350,170 | 56,830 | 407,000 | 716,455 | (983) | 715,472 | |
| INVESTMENT LOSSES | 10 | (1,049) | (1,049) | ||||||
| NET MOVEMENT | IN FUNDS | 349,121 | 56,830 | 405,951 | 716,455 | (983) | 715,472 | ||
| Balances brought | forsvard at | I January | 2021 | 833,146 | 5,636 | 838,782 | 116,691 | 6,619 | 123,310 |
| BALANCES CARRIED FORWARD AT 31 DECEMBER 2021 | 1,182,267 | 62,466 | 1,244,733 | 833,146 | 5,636 | 838,782 |
| 31 Dec 21 | 31 Dec 20 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| Fixed assets | |||||||
| Motor vehicles | 9 | 24,016 | 24,016 | 27,619 | 4,718 | 32,337 | |
| Office equipment | 9 | 4 257 | 4,257 | 110 | 110 | ||
| Investments | 10 | 198,951 | 198,951 | ||||
| Total fixed assets | 227,224 | 227,224 | 27,729 | 4,718 | 32,447 | ||
| Current assets | |||||||
| Stocks | 5 | 164,291 | 164,291 | 111,442 | 111,442 | ||
| Debtors | 6 | 78,686 | 78,686 | 138,816 | 138,816 | ||
| Prepayments | 6 | 2,247 | 2,247 | 1,169 | 1,169 | ||
| Cash at bank and in hand | 8 | 740,716 | 77,302 | 818,018 | 575,456 | 918 | 576,374 |
| Total current assets | 985,940 | 77,302 | 1,063,242 | 826,884 | 918 | 827,802 | |
| Total assets | 1,213,164 | 77,302 | 1,290,466 | 854,613 | 5,636 | 860,249 |
| Current creditors | Current creditors | 13,049 | 14,836 | 27,885 | 13,159 | 13,159 | ||
|---|---|---|---|---|---|---|---|---|
| Accruals | 10,348 | 10,348 | 8,308 | 8,308 | ||||
| Deferred income | 7,500 | 7,500 | ||||||
| Total current | liabilities | 7 | 30,897 | 14,836 | 45,733 | 21,467 | 21,467 | |
| Net assets | 1,182,267 | 62,466 | 1,244,733 | 833,146 | 5,636 | 838,782 | ||
| Equi3 7 | ||||||||
| General fund |
1,182,267 | 1,182,267 | 833,146 | 833,146 | ||||
| Restricted | 62,466 | 62,466 | 5,636 | 5,636 | ||||
| Total equity | 1,182,267 | 62,466 | 1,244,733 | 833,146 | 5,636 | 838,782 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Nows | c'ooo | |||||
| Net cash flow provided | by | operating | activities | 443,023 | 549,340 | |
| Cash flows from investing | activities | |||||
| Interest received | ||||||
| Purchase of fixed assets | (5,124) | (28,820) | ||||
| Sale of fixed assets | 4,453 | |||||
| Purchase of investments | (200,000) | |||||
| Loss on investments | (1,049) | |||||
| Net cash flow | 241,644 | 520,522 | ||||
| Cash at the end of the year | 818,018 | 576,374 | ||||
| Cash at start of the year | 576,374 | 55,852 | ||||
| Increase in cash in the | year | 241,644 | 520,522 |
| 1.Reconciliatio | n of Ne |
t Movement in Fund |
s to Net Cash | Flow from Opera | ting Activities |
|
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Net movement in funds for the |
year | 715,472 | ||||
| Interest received | (341) | (2) | ||||
| Profit on disposal | (568) | |||||
| Depreciation | 5,413 | 2,531 | ||||
| Decrease/(increase) | m debtors | 59,053 | (111,129) | |||
| Increase tn stock | (52,849) | (73,110) | ||||
| Increase in creditors | 24,266 | 15,578 | ||||
| Loss on investments | 1,049 | |||||
| Net cash flow from | operating | profits | 443,023 | 549,340 | ||
| 2.Analysis of Cash and | Cash Equivalents | 2021 | 2020 | |||
| Cash at bank and in | hand | 818,018 | 576,374 | |||
| Total | 818,018 | 576,374 | ||||
| 3.Analysis in Change in Net Debt |
2020 | Cash flows | Other non-cash | 2021 | ||
| changes | ||||||
| Cash at bank and in | hand | 576,374 | 241,644 | 818,018 | ||
| Total | 576,374 | 241,644 | 818,018 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| Donations | and legacies | ||||||||
| Donations | 573,562 | 573,562 | 808,257 | 808,257 | |||||
| Grants | 27,000 | 133,036 | 160,036 | 35,039 | 54,690 | 89,729 | |||
| Corporate | donations | «8,067 | «8,067 | 38,888 | 38,888 | ||||
| Fundraising | event | 1,512 | 1,512 | 1,090 | 1,090 | ||||
| Total | 720,142 | 133,036 | 853,178 | 883,274 | 54,690 | 937,964 | |||
| Other income | |||||||||
| Property | income | 2,090 | 2,090 | ||||||
| Value ofdonated | food | 340,879 | 340,879 | 442,571 | 442,571 | ||||
| Other income | 341 | 568 | 909 | 2 | 2 | ||||
| Total | 341,220 | 568 | 341,788 | 444,664 | 444,664 | ||||
| Totalincome | 1,061,362 | 133,604 | 1,194,966 | 1,327,938 | 54,690 | 1,382,628 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestncted | Restricted | Total | unrestricted | Restricted | Total | |||
| Fundraising | activities | «,365 | «,365 | 13,951 | 13,95i | |||
| Governance | costs | 20,983 | 20,983 | 10,922 | 10,922 | |||
| Premises costs | 79,717 | 918 | 80,635 | 31,136 | 236 | 31,372 | ||
| Salaries | 240,438 | 58,874 | 299,312 | «7,565 | 45,563 | 163,128 | ||
| Value ofdonated | food | 309,895 | 309,895 | 387,855 | 387,855 | |||
| Food purchases | adjustment | (3,162I | (3,162) | 5,593 | 5,029 | 10,622 | ||
| FaceDonate | 2,375 | 2,375 | ||||||
| General expenses | 49,581 | 16,982 | 66,563 | 44,461 | 4,845 | 49,306 | ||
| Total | 711,191 | 76,774 | 787,965 | 6«,483 | 55,673 | 667,156 |
| Balance 1.1.21 | Income | Expenditure | Balance 31.12.21 | |||
|---|---|---|---|---|---|---|
| Hackney | Parochial Charity |
15,000 | 15,000 | |||
| London | Borough of Hackney | 30,000 | 30,000 | |||
| London | Foodbank Development | Fund (Van) | 4,718 | 568 | 2,777 | 2,509 |
| London | Foodbank Development |
Fund (Security) | 918 | 918 | ||
| Trusseil | Trust (Buildmg Redevelopment) | 45,000 | 45,000 | |||
| Trusseil | Trust (FlnanCial Inclusion) |
14,036 | 14,036 | |||
| Trussell | Trust (Strategic Resources) | 18,000 | 3,874 | 14,126 | ||
| Old Street Partners (Home Deliveries) |
1,000 | 169 | 831 | |||
| West Hackney Parochial |
10,000 | 10,000 | ||||
| Total | 5,636 | 133,604 | 76,774 | 62,466 |
| 2021 | ||||||
|---|---|---|---|---|---|---|
| Balance 1.1.21 | Ooneted stock in E | Purchased food |
stock out Ih E | Balance 31.12.21 | ||
| Donated | stocks | 111,442 | 340,879 | 21,865 | 309,895 | 164,291 |
| Total | 111,442 | 340,879 | 21,865 | 309,895 | 164,291 |
| 6. DEBTORS | ||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| HMRC Gift aid | 26,783 | 26,783 | 39,390 | 39,390 | ||
| Stripe Donations | 50,167 | 50,167 | 91,838 | 91,838 | ||
| Accounts Receivable | 1,736 | 1,736 | 7,588 | 7,588 | ||
| Prepayment | 2,247 | 2,247 | 1,169 | 1,169 | ||
| Total | 80,933 | 80,933 | 139,986 | 139,986 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Toull | Uorostrlctod | Restricted | Total | |
| Accounts payable | 11,782 | 14,836 | 26,578 | 2,185 | 2,185 | |
| Wages payable | 1,307 | 1,307 | 10,974 | 10,974 | ||
| Accruals | 10,348 | 10,348 | 8,308 | 8,308 | ||
| Deferred income | 7,500 | 7,500 | ||||
| Total | 30,897 | 14,836 | 45,733 | 21,467 | 21,467 |
| 8. | C | AS | H AT BANK AND | IN HAND | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| Unrestricted E |
Restricted E |
Total E | Unrestricted E |
Restricted E |
Total E | ||||
| Cash | in | bank | accounts | 740,716 | 77,302 | 818,018 | 575,456 | 918 | 576,374 |
| Total | 740,716 | 77,302 | 818,018 | 575,456 | 918 | 576,374 |
| 9. FIXED ASSETS | ||||
|---|---|---|---|---|
| Von | Voo E | 0/n«o on«in oot |
Total E | |
| (Restricted) E |
(Unrostnctedl E |
|||
| Actual/Revalued cost |
||||
| —At 1 January 2021 |
8,881 | 28,820 | 659 | 38,360 |
| —Additions during year |
5,124 | 5,124 | ||
| —Disposals dunng year |
(8,881) | (8,881) | ||
| —At 31 December 21 | 28,820 | 5,783 | 34,603 | |
| Depreciation | ||||
| —At 1 January 2021 |
4,163 | 1,201 | 5,913 | |
| —Charge for the year | 833 | 3,603 | 977 | 5,413 |
| —Dtsposais dunng year |
(4,996) | (4,996) | ||
| —At 31 December 21 | 4,804 | 1,526 | 6,330 | |
| Net book value | ||||
| —At 1 January 2021 |
4,718 | 27,619 | 110 | 32,447 |
| —At 31 December 21 | 24,016 | 4,257 | 28,273 |
| 2021 | |||||||
|---|---|---|---|---|---|---|---|
| unrestricted E |
aestrlcted | E | Total | ||||
| Market value at 1 January | 2021 | ||||||
| Addition: | CCLA —Charity | Fund | 200,000 | 200,000 | |||
| (Loss) on | revaluation | of investment | (1,049) | (1,049) | |||
| Market value at 31 | December 2021 | 198,951 | 198,951 |
| 2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Wages and | salaries | (including PAYE) |
256,775 | i54,075 | |||||||
| Employers | Nl contributions (net |
of Employers | allowance) | 19,010 | 6,729 | ||||||
| Employers | Pension | contnbutions | 5,409 | 2,325 | |||||||
| Total | 281,194 | 163,128 | |||||||||
| Average | number | of employees | who were engaged | in each of the following activities | |||||||
| 2021 | 2020 | ||||||||||
| Activities | in furtherance of orgamsations |
objects | |||||||||
| laanagement | and | administration | |||||||||
| Total | 10 | ||||||||||
| Employee | numbers | as an average | FTE | (fug | time equivalent): | 7.9 | 6.2 |
| As at 31 December 2021, the charitable com leases as follows: |
pany had annual commitments under non-ca |
ncellable operating |
|---|---|---|
| 2021 | 2020 | |
| Within one year | 6,785 | 14,032 |
| Between one and hve years | 1,169 | |
| Total | 6,785 | 15,201 |