Hackney
foodb
HACKNEY
FOO
ANNUAL REPORT 2021
£ FOOD
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STRATEGIC
PLAN 2022
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M31A3tI
IVI?NVNla
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|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||||||||
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||||||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|
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||||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|
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|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|
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||||||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|
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|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|
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||||||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|
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|||||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|
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||||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|
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|||||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|
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|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|
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|||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|
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|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|
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|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|
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||||||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|
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|||||||||||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|
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|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|