Hackney
foodb
HACKNEY
FOODBANK
ANNUAL REPORT 2022
É FOOD
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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
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
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|Total debts presented:|E1,388,424|
|---|---|
|Total debt repaid:|E120,622|
|Income maximised:|E41,766.67|
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PARTNERSHIP
ORKING AND
SIGNPOSTING
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FINANCIAL
REVIEW
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|||||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|
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|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|
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||||||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|
##
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||||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 2022|31 Dec 2021|
|---|---|---|---|
|Within|One Year||6,785|
|Between One and Five Years||||
|Total|||6,785|