2022-12-31-accounts - The Hackney Foodbank

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Hackney foodb HACKNEY FOODBANK ANNUAL REPORT 2022 É FOOD

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 5053	3DA
Principal Bankers
The Co-operative	Bank PLC	CAF Bank Limited
PO Box 101		25 Kings Hill Avenue
1 Balloon Street		Kings Hill
Manchester M60 4EP		West Mailing
		Kent ME19 4JQ
Metro Bank PLC		Redwood Bank
One Southampton	Row	The Nexus Building
London WC1B 5HA		Broadway
		Letchworth Garden		City SG6 3TA
Investment Managers		Solicitors
CCLA Investment Management		Denton's
Senator House		1 Feet Place
85 Queen Victoria	St	London EC4M 7WS
London EC4V 4ET
		Bates Wells
		10Queen Street	Place
		London EC4R 1BE
HR Support Services
Peninsula Business	Services Limited	CIPD
The Peninsula		151The Broadway
Victoria Place		Wimbledon
Manchester SA3 3AJ		London SW19 1JQ

JECTIVES AND ACTIVITIES

Total debts presented:	E1,388,424
Total debt repaid:	E120,622
Income maximised:	E41,766.67

PARTNERSHIP ORKING AND SIGNPOSTING

FINANCIAL REVIEW

				31 Dec 2022			31 Dec 2021
		Note	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			E	E	E	E	E	E
INCOME FROM:
Donations and Legacies			855,458	130,426	985,884	720,142	133,036	853,178
Donated Food			222,746		222,'746	340,879		340,879
Other Donated Goods/Services			28,324		28,324
Other Income			2,235		2,235	341	568	909
Total Income		2	1,108,763	130,426	1,239,189	1,061,362	133,604	1,194,966
EXPENDITURE ON:
Value of Food Given Away			403,922	5,000	408,922	309,895		309,895
Other Expenses on Charitable	Activities		688,972	125,027	813,999	401,296	76,774	478,070
Total Expenditure		3	1,092,894	130,027	1,222,921	711,191	76,774	787,965
NET INCOME/(EXPENDITURE)	BEFORE	GAINS AND LOSSES	15,869	399	16,268	350,170	56,830	407,000
UNREALISED LOSS ON INVESTMENT		5	(19,583)		(19,583)	(1,049)		(1,049)
REVALUATION OF STOCK		6	55,705		55,705
NET MOVEMENT IN FUNDS			51,991	399	52,390	349,121	56,830	405,951
Balances Brought Forward at	1 January	2021	1,182,267	62,466	1,244,733	833,146	5,636	838,782
BALANCES CARRIED FORWARD AT 31 DECEMBER 2021			1,234,257	62,866	1,297,123	1,182,267	62,466	'1,244,733

							31 Dec 22			31 Dec 21
					Notes	Unrestricted	Restricted	Total	Unrestricted	Restricted	Totei
						E	E	s	E	E	E
ASSETS
Fixed Assets
Motor Vehicles					7	20,413		20,413	24,016		24,016
Office Equipment					7	3,181		3,181	4,257		4,257
Investments					5	229,367		229,367	198,951		198,951
Total Fixed Assets						252,962		252,961	227,224		227,224
Current Assets
Stocks					6	98,217		98,217	164,291		164,291
Debtors					8	105,959		105,959	78,686		78,686
Prepayments					8	9,783		9,783	2,247		2,247
Cash at Bank and		In Hand			9	795,693	126,221	921,914	740,716	77,302	818,018
Total Current	Assets					1,009,652	126,221	1,135,873	985,940	77,302	1,063,242
Total Assets						1,262,614	126,221	1,388,834	1,213,164	77,302	1,290,466
LIABILITIES
Current Liabilities:		Falling	Due Within	12Months
Current Creditors						9,811		9,811	13,049	14,836	27,885
Accruals						18,546	55,855	74,401	10,348		10,348
Deferred Income							7,500	7,500	7,500		7,500
Total Current	Liabiiities				10	28,357	63,355	91,712	30,897	14,836	45,733
Net Assets						1,234,257	62,866	1,297,123	1,182,267	62,466	1,244,733
Funds
General Fund						1,234,257		1,234,257	1,182,267		1,182,267
Restricted							62,866	62,866		62,466	62,466
Total Equity						1,234,257	62,866	1,297,123	1,182,267	62,466	1,244,733

FOR THE 'YE	AR ENDED 31 DECEMBER	2022
			31 Dec 2022	31 Dec 2021
		Nates
Net Cash Flow Provided	by Operating Activities		132,862	440,925
Cash Flows from Investing Activities
Interest Received			2,235	341
Purchase of Fixed Assets			(784)	(5,124)
Sale of Fixed Assets				4,453
Purchase of Investments			(50,000)	(200,000)
Loss on Investments			19,583	1,049
Net Cash Flow			103,896	241,644
Cash at the End of the Year			921,914	818,018
Cash at Start of the Year			818,018	576,374
Increase in Cash in the	Year		103,896	241,644

1.Reconciliatio	n of Ne	t Movement in Funds to Net Ca	sh Flow from Operating Activities
			31 Dec 2022	31 Dec 2021
Net Movement in Funds for the		Year	52,390	405,951
Interest Received			(2,235)	(341)
Profit on Disposal				(568)
Depreciation			5,463	5,413
(Increase)/Decrease	in Debtors		(34,809)	59,053
Increase in Creditors			45,979	24,266
(Increase)/Decrease	in Stock		121,779	(52,849)
Revaluation of Stock			(55,705)
Net Cash Flow from	Operating	Activities	132,862	440,925

2.Analysis	of Cash and Cash Equivalents	of Cash and Cash Equivalents	of Cash and Cash Equivalents			31 Dec 2022	31 Dec 2021
Cash at Bank	and	In Hand				921,914	818,018
Total						921,914	818,018
3.Analysis	in	Change	in Net Debt	31 Dec 2021	Cash flows	Other non-cash	31 Dec 2022
						changes
Cash at Bank	and	In Hand		818,018	103,896		921,914
Total				818,01&	103,896		921,914

					31 Dec 2022			31 Dec 2021
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				E	E	E	E	E	E
Donations	and Legacies
Donations				700,792	2,520	703,312	573,562		573,562
Grants				41,749	127,906	169,655	27,000	133,036	160,036
Corporate	Donations			112,917		112,917	118,067		118,067
Fundraising	Event						1,512		1,512
Total				855,458	130,426	985,884	720,142	133,036	853,178
Other Income
Value of Donated		Food		222,746		222,746	340,879		340,879
Value of Other Donated			Goods and Services	28,324		28,324
Other Income				2,235		2,235	341	568	909
Total				253,305		253,305	341,220	568	341,788
Total Income				1,108,763	130,426	1,239,189	1,061,362	133,604	1,194,966

				31 Dec 2022			31 Dec 2021
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			E	E	E	E	E	E
Fundraising Activities (ex. Fundraising		Staff)	16,050		16,050	11,365		11,365
Governance Costs			18,999		18,999	20,983		20,983
Premises Costs			117,243		117,243	79,717	918	80,635
Salaries and Payroll Costs			352,773	74,412	427,185	240,438	58,874	299,312
Value of Donated	Food Given Away		344,525		344,525	288,030		288,030
Food Purchases			54,848	5,000	59,848	21,865		21,865
Food Purchases Adjustment			4,549		4,549	(3,162)		(3,162)
Phone to Food (Face Donate)			26,538	9,154	35,692	2, 375		2,375
Vouchers and Grants			12,205	6,750	18,955
General Expenses			145,164	34,711	179,875	49,581	16,982	66,563
Total			1,092,894	130,027	1,222,921	711,191	76,774	787,965

										31 Dec 2022	31 Dec 2021
Wages and	Salaries (including		PAYE)							391,292	256,775
Employer	Nl Contributions (Net			of Employment			Allowance)			28,905	19,010
Employer	Pension	Contributions								6,988	5,409
Total										427,185	281,194
Average number		of employees		who were engaged				in each ofthe following	activities
										31 Dec 2022	31 Dec 2021
Activities	in Furtherance of Organisation's					Objects				10
Management and		Administration
Total										16
Employee	Numbers as an Average				FTE (Full		Time	Equivalent):		11.4	7.9

					31 Dec 2022			31 Dec 2021
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				E	E	E	E	E	E
Market Value at 1 January			2022	198,951		198,951
Addition:	CCLA —Charity		Fund	50,000		50,000	200,000		200,000
(Loss) on	Revaluation	of Investment		(19,583)		(19,583)	(1,049)		(1,049)
Market Value at 31		December 2022		229,367		229,367	198,951		198,951

6. STGCKS
			31 Dec	2022
		Revaluation of
	Balance 1.1.22	Opening Stock	Donated Stock	Purchased	Food	Stock Out	Balance 31.12.22
	E	E				E	E
Stocks	164,291	55,705	222,746	64,397		408,922	98,217
Total	164,291	55,705	222,746	64,397		408,922	98,217

7. FIXED ASSETS
	van	Office Equipment	Total
	E	E	E
Actual/Revalued Cost
—At 1 January 2022	28,820	5,783	34,603
—Additions During Year		784	784
—Disposals During Year
—At 31 December 2022	28,820	6,567	35,387
Depreciation
—At 1 January 2022	4,804	1,526	6,330
—Charge for the Year	3,603	1,860	5,463
—Disposals During Year
—At 31 December 2022	8,407	3,386	11,793
Net Book Value
—At 1 January 2022	24,016	4,257	28,273
—At 31 December 2022	20,413	3,181	23,594

			31 Dec 2022			31 Dec 2021
		Unresthcted	Restricted	Total	Unrestricted	Restricted	Total
		E	E	E	E	E	E
Accounts	Receivable	82,070		82,070	47,998		47,998
Accrued	Income	19,983		19,983	26,783		26,783
Deposits		3,906		3,906	3,905		3,905
Prepayments		9,783		9,783	2,247		2,247
Total		115,742		115,742	80,933		80,933
			31 Dec 2022			31 Dec 2021
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		E	E	E	E	E	E
Cash and	Cash Equivalents	795,693	126,221	921,914	740,716	77,302	818,018
Cash and	Cash Equivalents	795,693	126,221	921,914	740,716	77,302	818,01&

			31 Dec 2022			31 Dec 2021
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		E	E	E	E	E	E
Accounts	Payable	8,068		8,068	11,742	14,836	26,578
Wages Payable		1,743		1,743	1,307		1,307
Accruals		18,546	55,855	74,401	10,348		10,348
Deferred	Income		7,500	7,500	7,500		7,500
Total		28,357	63,355	91,712	30,897	14,836	45,733

					Balance 1.1.22	Income	Expenditure	Balance 31.12.22
					E	E	E	E
DWP Kickstarter						27,707	20,707
London	Borough of Hackney: Specialist		Grant			30,000	30,000
London	Borough of Hackney: Pensioners		Household	Support		6,750	6,750
London	Borough of Hackney: Cash-First					800	800
London	Foodbank Development Fund	(Van)			2,509		2,509
Mimecast Charitable Fund at The Boston Foundation						8,354	8,354
Old Street Partners (Home Deliveries)					831		831
Trussell	Trust (Building Redevelopment)				45,000	(45,000)
Trussell	Trust (Financial Inclusion)					36,727	31,295	5,433
Trussell	Trust (Organising & Local Mobilisation)					46,567	5,654	40,913
Trussell	Trust (Strategic Resources)				14,126	18,000	18,126	14,000
Trussell	Trust (Winter Support)					5,000	5,000
Volunteer and Staff Welfare						2,000		2,000
Various	Smaller Restricted Funds					520		520
Total					62,466	130,426	130,027	62,866

		31 Dec 2021
Within	One Year	6,785
Between One and Five Years
Total		6,785