Hackney
foodb
HACKNEY
FOO
BANK
ANNUAL REPORT 2024
£ FOOD

2 Hackney Foodbank Annual Report 2024
Contents
4 Letter from the Chair
Reference and Administrative Details
7 Structure, Governance and Management
Objectives and Activities
10 Achievements and Performance
20 Partnership Working and Signposting
22 Financial Review
23 Reserves Policy
25 Declarations
26 Independent Auditors, Report
30 Statement of Financial Activities
31 Balance Sheet
32 Statement of Cash Flows
34 Notes to the Accounts
Some of our many volunteers from 2023
Photos.. Neill Martinson

This Annual Report presents a review
of the period 1 January 2023 to
31 March 2024, reporting on achievements,
performance, and impact, including
financial performance and the financial
position 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 Companies Act 2006.
As a preliminary matter, the Trustees
and staff of Hackney Foodbank wish to
express their deep appreciation for the
contribution made by volunteers and
donors, without whom no achievements
would have been possible.

4 Hackney Foodbank Annual Report 2024
Letter from the Chair
I hope you find the Annual Report informative. It covers a
longer period than usual (15 months) because we changed our
financial year from the calendar year to end in March this year.
So, this report runs from January 2023 - March 2024.
Hackney Foodbank, like other Trussell Trust food banks, wants
to end the need for food banks. This aim seems further away
than ever. Demand started higher in 2023 than in the previous
year, seeing a 53% increase in the total recorded number of
people Hackney Foodbank have fed compared to 2022. By July
2023, we had already supported as many people as we had In
the entirety of 2022. The continuing cost of living crisis drove
people we hadn't seen previously to seek food support.
We couldn't meet this rlslng demand
without the help of our dedicated and
talented group of volunteers. Recruiting
and retaining volunteers is always a
challenge, however, with our new staff
team we are now much more confident
in our abillty to meet the challenge.
This period we hired new qualified staff,
Implemented the Trussell Trust's Assemble
platform la system which enabled
volunteers to book in for shifts online)
and implemented a monthly newsletter
to let volunteers and staff know about
the developments in the food bank. We
also started a rolling programme of staff
visiting the food distribution centres, to
talk to the volunteers and visitors about
how we can improve our 5ervice5.
At this tirne of increasing demand, food
donations from individuals, charitie5 and
collections organised by local corporations
continue to drop - down by 23% in 2023,
which followed a dramatic drop of 46%
in 2022. In this time, we were lucky
enough to be supported by the Trussell
Trust who arranged a generous but non-
recurring donation that allowed us to
continue operating by bringing total
donations in line with demand. However,
vrith this donation being a one-off, we
have implemented some new programmes
and adopted new service5 which make it
easier for companies and individuals to
donate. Corporatlons can donate cash and
food by taking part in our Supermarket
Sweep programme and individuals can
donate food through the Give Today
company, which is incorporated into the
Hackney Foodbank website.
Despite the challenges we faced in terms
of growing demand, falling food donat70ns
and recruiting and maintaining volunteers,
throughout the period local people,
local businesses, and local community
organisation5 continued to support the
food bank, which we desperately needed.
The volunteers sorted and packed food
at our warehouse, drove and delivered
emergency food parcels, assisted and
supported people at the food distribution
centres and helped at the office to ensure
everything ran as smoothly as it could -
none of it could have happened without
the volunteer teams.
This period Hackney Foodbank supported
the Trussell Trust's Essentials Guarantee,
calling for the government to uprate
benefits in line with the Joseph Rowntree
Foundation's levels of what is needed
for people to buy the essentials of food,
toiletries and vital household goods.
150,000 people signed and submitted a
petition to Parliament to enshrine in law
that benefits always should always be
enough to pay for these essentials.

In March Hackney Foodbank moved from
its previous headquarters in Cherbury
Street, Hoxton to the Wally Foster
Community Centre in Homerton Road.
The move provides more space and
enables us to respond to high levels of
need in the east of the borough.
As we continue to support the residents,
we thank our volunteers, our donors,
our fundraisers, and our wonderful staff
team - thank youl We have experienced
another period of unprecedented
demand. The Annual Report that
follows will tell you how you helped
our neighbours and community.
Please continue to support us.
Carollne O'Brlen
Interim Chair of Trustees
Reference and Administrative Details
The name of the charity las it appears in the Register of Companle5115 'The Hackney
Foodbank,. It is also known as 'HFB'. Its charity registration number (England and
Wales) is 1149896 and the company registration number 15 7877042.
The address of the charity's registered offi'ce15:
The Hackney Foodbank, Wally Foster Communfty Centre. Homerton Road,
London E9 5QB
Those who were Trustees on the date that this report was approved, Dr who served a5
Trustee during the reporting period include:
Mlchael Johnson, Trustee,
appointed on 20th May 2020.
Imogen Clark, Trustee,
appointed on 6th November 2020,
resigned 23rd June 2023.
Caroline O'Brlen, Trustee and
Interlm Chalr, 1st December 2023,
appointed on 6th November 2020.
Mark Bolsson, Trustee, appolnted
on 7 April 2021.
Nanette Danlels, Trustee,
appointed on 17th May 2021,
resigned 7th December 2023.
TIM Bethal. Trustee,
appointed on 19th January 2023,
appointed Chair 28th March 2023,
resigned a5 Chair 30th November 2023.
Chrls Plle, Trustee,
appointed on 19th January 2023.
Kate Wllklnson, Trustee,
appolnted on 19th January 2023.
Flona Anderson. Trustee,
appointed on 17th January 2024.
Kamila Przybyszewska, Trustee,
appolnted on 24th January 2024.
Simon Hale, Trustee,
appointed on 9th February 2024.
Those to whom the Trustee5 delegated day-to-day management of the charity in a
senior management role during the reporting period include:
Pat Fitzslmons, Chlef Executlve Officer. appointed on 1 st February 2022.

6 Hackney Foodbank Annual Report 2024
The Trustees also took advlce from:
Insurance Broker
Auditor
Marsh Commercial
1 st Floor
No.1 Bridgwater Road
Worcester WR4 9FQ
Knight Goodhead Ltd
7 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire S053 3DA
Prlnclpal Bankers
The Co-operative Bank PLC
PO Box 101
1 Balloon Street
Manchester M60 4EP
CAF Bank Limited
25 Kings Hlll Avenue
Kings Hill
West Malllng
Kent ME19 4JQ
Metro Bank PLC
One Southampton Row
London WCIB SHA
Redwood Bank
The Nexus Buildlng
Broadway
Letchworth Garden City SG6 3TA
Investment Managers
CCLA Investment Management
senator House
85 Queen Victoria St
London EC4V 4ET
Sollcltors
Denton's
1 Feet Place
London EC4M 7WS
Bates Wells
10 Queen Street Place
London EC4R 1 BE
HR Support Services
Peninsula Business Services Limited
The Peninsula
Victoria Place
Manchester SA3 3AJ
cipo
151 The Broadway
Wimbledon
London SW19 1JQ
HR Connect
1 Abbey Wood Road
Kings Hill
West Malling
Kent ME19 4YT

Structure, Governance and Management
The Hackney Foodbank is a charitable company limited by guarantee that was
incorporated on 9th December 2011. The charity is governed by its Memorandum
and Articles of Association las amended by special resolutions dated 9th November
2012, 11th June 2019 and 14th January 2021).
Membership of the Hackney Foodbank is open only to communlty organisations
and institutions (and not to individuals). In the current period, members comprTsed
Grace Church Hackney Trust. St. Monica's R.C. Church, Hoxton. St John's, Hoxton;
Our Lady and St Joseph's, Balls Pond Road" St. Mary's Church, Stoke Newington.
and Clapton Commons Community Organisation.
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 the CEO, who leads the staff team. The CEO'S salary is set using Cendex.
Any person who Is willing to act as a Trustee may be appolnted 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 Trustee51s 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 becorne
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. During 2023-24, six new Trustees were appointed.
Trustees can apply by submittlng a CV and cover letter to InfoQhackneyfoodbank.org
The Hackney Foodbank is part of the Tru5sell Trust Foodbank network, which was
founded in 2004. Since then, the Trussell Trust has helped communities work together
to launch food banks nationwide in a wide range of towns and citie5. 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 50 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 thls information to produce reports to further the alm of ending the need
for food bank5.

• • • • •• •• ••
• •• •• •• •• ••
OBJECTIVES
AND
ACTIVITIES
•• •• •• •• • • •• ••

Hackney Foodbank's charitable objects are specifically
restricted to the following:
(1)
To advance the Christian falth (as expressed in the Apostle's creed 1) Tn
the London Borough of Hackney, or elsewhere, by the practical expression of
Christian compassion and hospitality primarily by the provision of a food bank;
The relief of financlal hardshlp amongst people In Hackney and surrounding
areas or in other parts of the United Kingdom in such way5 as the Trustees
think fit, in particular, but not exclusively by:
(a) Provldlng emergency food and household Items to individuals and familles
in need andlor for dlstrlbution by charities or other organisations working
to prevent or relieve poverty.
(b) Such other mean5, including (but not Ilmlted to) the provision of support
or signposting to relevant Information and other advlsory services.
(2)
The Hackney Foodbank is an independent charity. It operates as part of the Tru5sell Trust
Foodbank network and follows the policies and advice of the Trussell Trust, thereby
benefitting from their experience in supporting more than 1,400 food banks acros5 the
UK. Our shared aim is to end the need for food banks in furtherance of our charitable
objects, to relieve food insecurity and financial hardship in our community. We do thls
by providing emergency food parcels as part of a package of support aimed at helping
people out of crisis.
Hackney Foodbank's Services:
The food bank is run by rules that:
Provide only three days, worth of emergency provisions;
Require that vouchers, whlch are distributed by our trusted referral partners,
are exchanged in a timely manner after issue (in recognition of the fact that
they are intended for emergencies and crises)
These rules form part of the framework for ensuring the charfty's activities further
our purposes for the public benefi't. The Trustees are confident that, by their
stewardship and management of charitable funds, The Hackney Foodbank.contlnues
to meet the requirements around public benefi't as defined by the Charity CommissTOn.

ACHIEVEMENTS
PERFORMANCE

11
Hackney Foodbank's vision is for a hunger-free Hackney,
where everyone can afford to eat.
We are seeking an end to the need for food banks and this period have implemented
projects to move towards this aim. We also had a bumper period in term5 of people
coming to the food bank, so spent most of the period dealing with this explosion of
demand.
From January 2023 to March 2024, we processed 15,194 vouchers; providing emergency
food for 33,377 mouths, At the end of this financial period, our 12-month rolling period
average for the number of mouths fed per month was 2,248, up 43% on the year before.
In 2023 we were supported by a one-off supermarket donation of 68,875 kg organised
centrally by the Trussell Trust. Locally, food donatlons from individuals, charlties and
those organlsed from corporatlons to Hackney Foodbank continued to drop during the
15-month of January 2023 March 2024. Durlng that period, these donations equated
to 96,464 kg, compared to 101,111 kg donated in the 12 month5 January to December
2022 and 199,458 kg donated in 2021.
With public food donations falling and demand rlslng, It has been a challenging perlod,
but a series of initiatives are underway to increase food and monetary donations,
Includlng enabllng people to donate food onllne vla our webslte and Glve Today.
Many of the project5 that were implemented in 2022 became business as usual
during 2023.
1. We ran six food distribut6on centres, located in various venues around
the borough, on different days and at different tlmes.
From January 2022 to March 2024, we dlstrlbuted 229.957 kg of food (compared
to 173,700 kg of food in the year 2022). We also changed how the food Is distributed;
with an increase in Food Parcels of 44% while other methods decreased by 62%. Thls
rise in demand (after a slight post-covid dip in demand) reflects the impact of the
cost-of-living crisTS and the failure of Universal Credit to keep pace with rising prices.
The vast majorfty of people (81%) who vislted our food bank came between one and
three times.
Number of times
Hackney Foodbank's
servlces were accessed by
unique visltor5 In 2023:
Twice115%1
Three Times (9%)
Once (50%)
Four Times16%)
More Than Five Times120%)

12 Hackney Foodbank Annual Report 2024
2. We teamed up with Give Today to offer our supporters a way of
donating food online to us. Between October 2023, when the scheme
was launched, and March 2024, we collected £5.488.08 worth of
donations via this platform.
We expanded the services we provided in the food distribution centres by hosting
other services, such as social prescribing by Family Action and support from our
new case worker.
3. We delivered food parcels to
those who could not get to a food
distribution centre.
This period we delivered food parcels to
834 people at home. This has increased
fourfold since the project's inception in
March 2022. We began the period delivering
food parcels to people's homes Monday to
Friday with the use of a cargo bike company.
We now deliver more effi'ciently twice
a week, using our spare transit van and
volunteer drivers, saving much-needed funds.
foo'db
Photo.. Chris Lacey
4. We provided lunch to children during school half-term and holidays.
We supported 297 families, providing foodlvouchers for 513 children aged five to 17.
This period, rather than providing digital Phone to Food credits as we did in 2022,
we distributed Tesco Gift vouchers at every food distribution centre Monday to
Saturday to people with children who had a food bank voucher the week before the
school holidays. We were able to reach far more families in need this way.
5. We strengthened our relationships wlth our referral agencies.
Following our successful inaugural referral agency event in 2022, we held another
one In October 2023. We employed a Referral Agency Officer in 2023, who works
closely with the referral agencies to train them in issuing vouchers for our food bank
and listens to their concerns. We launched a Referral Agency Protocol, to encourage
agencies to use our Data Collection System (the central Trussell Trust System used for
issuing vouchers) correctly. The only Tssue with these events IS that so many referral
agencies want to comel We'll probably have to have more than one a year in future.

13
6. We embedded equality diversity and inclusion into everything we do.
Hackney TS a very diverse borough, and we worked to meet the needs of our
community. We took several steps to ensure disadvantaged people received Support
from us, regardless of their dietary needs. We provided parcels with fish rather
than meat, Kosher parcels and Eid parcels.
Our staff team became more diverse with more than 11 languages spoken.
7. We delivered debt advice.
We were the recipients of three years,
funding from the Tru5sell Trust for debt
advice for our visitors. During the second
year of the 5ervlce, we got better at
referring people for advice and the numbers
we helped nearly trebled to 133.
E686,351 was presented in debt by these
residents, and £178,408 was written off
or repald la quarter of the debt). Their
income was maximised by £40,112, through
increased benefits (mainly from DWP or
Council Tax reduction), vouchers, grants,
savings from energy switchlng and more.
Photo: Chri5 Lacey
8. We became a more data-driven charity.
We improved our data collectlon to Inform decision.making in the charity. We used
data on deprivation and use of our existing food distribution centres to determine
the Hackney Giving Van's route (see page 171. The use of data will grow in the coming
years, a5 we seek to provide a comprehensive service, while also looking at ways to
end the need for food banks.
9. We supported the staff, volunteers and interns.
Staff, volunteers and interns are of vital importance to the running of the food bank.
We've welcomed some wonderful new staff members and thank past members for their
work in building the food bank. A Customer Relationship Management system has been
introduced to ensure a seamless service to visitors and to corporates supporting us
and this has brought huge time efficiencies. A monthly newsletter has been launched
for staff and volunteers, helping to ensure everyone is kept informed and improving
the team rapport. We've also had a successful programme of recruiting and training
volunteers.

14 Hackney Foodbank Annual Report 2024
In this 15-month perlod volunteer hours equated to more than 7,500 hours, which is
equivalent to over three full time staff members, over 5,000 of these were in 2023.
Volunteers support us in the warehouse packing emergency food parcels, in the food
distribution centres, within the offices with admin and as drivers (collecting food
from supermarkets and bringing it from the warehouse to our distribution centres).
Hackney Foodbank hosted the third annual Volunteer Celebration at the Light Bar in
Shoreditch in June 2023, to thank our volunteers for theTr hard work. The venue was
donated by the company and made the celebration very special. We had speeches from
the Chair of Hackney Foodbank, Tim Bethel, the CEO Pat Fitzsimons and from Miranda
Bebe, Head of Volunteering at the Trussell Trust. We had music, refreshments and
presents for the volunteers, which were donated by local businesses.
Finally, we've started a partnership with Hackney Council's supported intern
programme and. in 2023, h05ted our fi'rst intern in the warehouse.
10. We provided a cash first solutlon with the use of Phone to Food.
Our dlgltal credit project entered a second phase in 2023-24. After piloting the
programme in 2022, we continued to use and evaluate a digital credit option for our
V7Sitors, rolling it out to our food distribution centres. From January 2023 till March
2024, we issued 1,536 Phone to Food vouchers: feeding 5,113 mouths. The total value
of the credit given was £52,900. While the service was popular with many visltors,
unfortunately this phase of the project was unable to demonstrate sufficient sawings
to be viable in the long term. We continue to explore cash first services for our visitors.
in addition to the Tesco gift cards we provide to support children's holiday lunches.

UR 2023-24 PERFORMANCE
ANDACHIEVEMENTS
15
worth of donations collected
online via 'Give Today,
Nearly 230,000 kg of food
was distributed from six
centres around Hackney
OVER
£5,400
229,957 KG OF FOOD
FOOD PARCELS
DELIVERED TO
133
834
VISITORS
HELPED
,'117P,J04
PEOPLE
AT HOME
Over £178,000 of debts
were repald or wrltten off
for 133 visitors wlth
help from Hackney Foodbank
7,500 HRS
OVER
1,50
PHONE TO FOOD
VOUCHERS ISSUED
of volunteer time, which 15
the equivalent to three
full time staff members
Feedlng
over
5100 MOUTHS:
15,194
33,377
From January 2023 to
March 2024, we processed
15,194 voucher5;
providlng emergency food
for 33,377 mouths.
VOUCHERS
MOUTHS
É FOOD
É FOOD
É FOOD

16 Hackney Foodbank Annual Report 2024
New Projects
Hackney Fooébank continues to develop new services to support those in need in
the borough. One of these is the Hackney Giving Van, an electric van that goes out
to the community to meet the growing need.
Hackney Foodbank's Grant Programme
Hackney Foodbank built up strong reserves during the Covid pandemic. Having received
these funds to support people in food poverty, the Trustees decided to achieve this by
supporting other food providers in the borough. We established a programme of small
grants of up to £20,000.
The London Community Foundation managed the grant programme on behalf of the
food bank and Hackney Foodbank paid a £72,000 management fee for this service.
The decision to appoint London Community Foundation was reached following careful
consideration of the likely cost5 of employing staff to oversee the programme, the
skills required, the desire to ensure impartiality over the grants awarded and the need
to work with a reputable company. Through the Foundation we made grants totalling
£408,000 to a diverse range of food providers, including those who referred visitors to
the food bank durTng the 15-month perlod. We also made two £10,000 grants to other
food providers earlier in the period. We'll be able to demonstrate the impact these
grants have had in our next annual report.
The Hackney Giving Van
During 2023, the charity developed and piloted the Hackney Giving Van, providing a
mini-food distribution centre to those areas where disadvantage is high, areas not
within easy reach of our food distribution centres. The van is electric, and enabled
Hackney Foodbank to serve the Charedi Jewish community in Stamford Hill for the first
time. Many people come to the van just to get information, and having the van reach
new areas allows us to speak to people who may need a range of services.
HACKNEY
GIVING VAN

17
Stamford Hill
Trelawney Estate
Nightingale
Woodberry Down
Millfi'eld's Estate
Hackney Glvin8 Van's stop off spots.
Case Worker
We were successful in accessing grant funding for a case worker, who started in
October 2023. She has made a huge Impact on the services Hackney Foodbank provldes,
including:
1. Referring to debt advicelsupport through Rooted Finance (e.g. setting up
manageable repayment plans).
2. Helping with income maximisation by helping visitors apply for additional benefits
they are eligible for.
3. Applying for one-off financial grant5 (from Hackney Council, charitable organisations
and energy providersl.
4. Issuing fuel vouchers and referring visitors for energy advice.
This project has become so successful that we are seekin8 additional funds to bolster
this aspect of our work.

18 Hackney Foodbank Annual Report 2024
Campaigning
The Trussell Trust provided Hackney Foodbank with a grant to hire a local campaigner
to improve the sltuation of those who experience food poverty. We hired our
Community Change Manager in November 2022, and he started talking to those who
visit to food bank to find out what the local i55ue5 were. Aware that asylum seekers
were comTng to the food bank because the hotels housing them were providing a poor
diet, he set about campaigning for change. In November 2023, the Community Change
Manager worked with the Hackney Council Asylum Seeker Support team to establish a
hotline, which gave asylum seekers at rfsk of eviction from hotels easy access to council
housing officers. The project was so effective and popular that other organTsations are
seeking to set up similar services in their respective boroughs.
The Community Change Manager also supported the Trussell Trust Essentials Guarantee
campaign, which seeks to enshrine in law that benefi'ts must be uprated to enable
claimants to buy the essentials. The research underpinning this campaign was done by
the Joseph Rowntree Foundation.
Food Network Coordinator
Hackney Foodbank received a grant from the Mayor's Office to support the Food
Network in Hackney through the recruitment of a Coordinator. The aims of the
one.year project Included:
Increasing the uptake of Healthy Start vouchers In Hackney to the national average.
Supporting the capacity of food providers to deliver wraparound 5UPPOrt and
cash-first approaches.
Strengthening partnershlp workfng to provide improved support to those in
food poverty.
Improving the ability of food providers to access external funding to make them
more sustainable.

19
Seasonal Fundraising Activities
Trick or Eat
The Trick or Eat food donation initiative organised by Jenna and Basil Fansa of the
Local Buyers Club was run again at Halloween. The idea of the Trick or Eat event is
to encourage children and their families to donate non-peri5hable food at collection
points while they, re out trick or treating. The children get a treat, but the tinlpacket
is donated to The Hackney Foodbank. In 2023, they collected 1,313 kg of food, a drop
of 49%. The drop in donations is probably due to the financial strain everyone is feeling.
The event also generated £145 in Text to Give donations and online donations.
Reverse Advent Calendar
Another initlative we reran In 2023 was the 'Reverse Advent Calendar,.
It was launched in November in 2023 to ensure beneficiaries received
Ttems in time for Christmas.
ADVENT
CALENDAR
Instead of recelving a festive treat, participants donate an item
specified for that day to the food bank for individuals and families
who are struggling over the festive season.
We received 68 kg of food through this in 2022, 65% less than we
received in 2021 {192 kg). However, thi5 was due in part to a shift to
the onllne-giving platform Give Today, which enables people to buy food
items online for the food bank. In November and December 2023 Hackney
Foodbank received £2,550.85 worth of food donations via Give Today.
During 2023, we received 8,047 kg of food classified as Christma5
donations In total from all source5.
13
14
15
16
17
18
19
20
22
23
24
Winter Toy Appeal
The Local Buyers Club, owned by Jenna and Basil Fansa, provides toy5 for disadvantaged
children. The project is run in partnership with Location Location estate agency.
This year we had surplus toys from the previous year's generous donations, so the
Winter Toy Appeal was asked to provide just 60 additional gift5. 55 One for All vouchers
(voucher5 which can be used in several national stores) remained from the previous
year and fund5 donated by a corporate (Snap Inc) were used to purchase 70 One for All
vouchers in 2023. This amounted to £1,400.99.
Give in Lent
The Trussell Trust has a campaign called Give in Lent, which asks people to donate
specific food to a food bank on each day of Lent. Hackney Foodbank took part and,
though donations weren't classified as slemming from one campaign or another, we
received 10,200 kg of food in February and March 2023. In February and March 2024,
we received 8,400 kg of food and £1,306.84 of donations via our online store Give
Today. In 2024, local companie5 donated 366 Easter Eggs as well as a large donation
of chocolate bars from Cadbury's.

PARTNERSHIP
WORKING AND
SIGNPOSTING- .

21
Partnership Working
We believe that, in one of the richest countries in the world, food banks should not
need to exist. We are helping food bank vi51tors move out of poverty through our
partnership work with organisations who offer advice on specific areas {such as debt
management), through our case work project and through engagement with wider
partnerships in the borough and London.wide.
We are a Trussell Trust food bank, and we therefore receive advice, support, and
funding from the Trust. Since September 2023, we've been managing the Hackney
Food Network la partnership of over 40 Hackney voluntary and community organisations
providing food parcels, cooked food, food hubs, community supermarkets and co-ops
for Hackney residents). The Council's Poverty Reduction Tools meetings contlnue to
provide help for those supporting people in poverty In the borough.
The partnership we forged in 2020 with Growing Communities continued during
2023-24. They donated fresh, organic produce weekly - 7.2 tonnes of fresh fruit
and vegetables in 2023-241140 kg a weekl. This was 17% higher than in 2022. This
allowed us to distribute fresh produce in two or three of our six food distribution
centre5 IFDCSI. We also received our first donation of fresh fruit and vegetables
from the Felix project In 20231558 kg). We anticipate the donatlon5 from Felix
will increase dramatically in the comlng years. We are grateful too to the local
businesse5 and charities who donate fresh fruft and vegetables, bread and cooked
meals to our centres,
Signposting
The visltors who access the food bank are offered hollstic support: emergency food
alongside signpostfng to local advisory partners who can help address specific issues.
Thi5 relies on agencies and signposting organisations having the capacity to issue
vouchers and additional services to those in need. We've been able to increase this
signposting with the appointment of our first case worker (see above).
We keep up-to.date information sheets, which we give to our food bank visitors.
These cover housing, mental health support, places to get free or cheap food,
support for people with no recourse to public funds, domestic violence, budgetlng,
and debt, LBGTQl+, and culturally specific organisation5. The leaflets are translated
into community languages to reach the widest possible audience.
We have continued to strengthen our relationships with our referral partners, to ensure
our visitors receive the best possible support to help them out of food insecurity in the
future. Hosting events for our referral partners to attend are a way to forge closer links
with our referral partners and to widen their knowledge of the other agencies in the
borough.

FINANCIAL
REVIEW

23
For the 15 months to 31 March 2024, The Hackney Foodbank
generated a loss of £283,356.
During 2024, total income received by the charity came to £1,951,250. (2022:
£1,239,189) with expenditure of £2,274,650 (2022: £1,222,921). For the details behind
these figures, please consult the fi'nancial 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 2024, Hackney Foodbank's principal sources of funds comprised:
Indlvldual and corporate donatlons: £1,195,766
Value of food donated:
£391,855
£350,050
Grants:
Reserves Policy
Hackney Foodbank'5 'f ree reserves. are intended to protect the charity against
significant fall in income; to finance opportunities that may present themselves; and
to meet other unexpected calls on funds. Hackney Foodbank's reserves pollcy requires
that the charTty retalns free reserves {being unrestricted fund5 less fixed assets and
food stocks> in unrestricted funds to be sufficient fundlng for three to six months of
normal expenditure and any closure costs. At the end of 31 March 2024, unrestrlcted
funds total £860,90212022: £1,234,257>. Of this amount, £749,670 (2022: £1,112,446)
Is considered as free reserves. Thls Is 20% above our reserve policy and the board may
conslder granting further funds to approprlate local organlsations.
During the 15-month period, the Trustees disbursed £428,000 in grants to local
charities which fulfilled the airns of the food bank. This has reduced our reserve5
whlle increasing support in the community.
Fundraising
The charlty did not use the services of a professional fundraiser during thls period,
and we have not received any complaints about our fundraising in the period endin8
March 2024. Hackney Foodbank is a member of the Fundraising Regulator and adheres
to Tts Fundraising Code of Practice.

24 Hackney Foodbank Annual Report 2024
Investments
Hackney Foodbank Tnve5tS Using an ethical fund ICCLAI. The key drivers for making
the investment were to manage the risk of loss of cash due to bank failure, and
to optimise the return on the cash we hold. We have made a £40,000 gain in our
investments this period.
Investment performance is reviewed quarterly by the Finance, Audit and Risk
Committee.
Risks and Uncertainties
Hackney Foodbank, like all food banks fn the UK, is respondlng to Increaslng demand
arising from the UK'5 COSt.of.living crisis. As mentioned previously, we have faced
Increasing demand for our services over the previous year, falling food donations,
falling volunteer Involvement, and operating costs rising signifi-cantly. We expect
demand lo continue growSng In the immediate future. We have increased the number
of Staff In our Communications and Fundraislng team by one. The second member
of staff was funded by the Trussell Trust Sustainabllity Fund and is concentrating on
working with corporate organisations. This is anticipated to Increase the amount of
food donated and funds donated in the coming year.
We have also set up a standing sub-committee of the board to deal with communication5
and fundraising. We also anticipate that this will increase our funds going forward.

Trustees, Responsibilities
The Trustees are responslble for preparlng the Annual Report and the flnanclal
statements In accordance wlth appllcable law and Unlted Klngdom Generally Accepted
Accountln8 Practlce (UK GAAP). Company law requlres the Trustees to P￿pare flnanclal
5taternents for each financlal year, whlch glve a true and falr view of the state of
affalrs of the company and of the surplus or deflclt for that perlod. In preparlng those
accounts, the Trustees are requlred to:
select sultable accountlng polldes and then apply them conslstently.
make Judgements and estlmates that are reasonable and prudent;
state whether appllcable accountln8 Standards have been followed, subject to any
materlal departures dlsclosed and explalned In the accounts.
prepare the accounts on the qolng concern basls unless It Is Inapproprlate to
presume that the company wlll contlnue In operatlon.
The Trustees are responslble for keepln8 proper accountlng records whlch dlsclose wlth
reasonable accuracy at any tlme the flnanclal posltlon of the company and to enable
them to ensure that the accounts cornply wlth the Companle5 Act 1985. They are also
responslble for 5afe8uardlng the a55ets of the company and hence for taklng reasonable
steps for the preventlon and detectlon of fraud and other Irregularftles.
As far as the Trustees are aware, there Is no relevant audlt Informatlon of whlch the
audltor5 are unaware. Each Trustee has taken all the steps that they ou8ht to have
taken as a Trustee In order to make themselves aware of any relevant audlt Informatlon
and to establlsh that the company's audltors are aware of that Informatlon.
Th15 report has been prepared In accordance wlth the speclal provlslons for small
companle5 under Part Vll of the Cornpanles Act 1985, and In accordance wlth the
Statement of Recommended Practlce - Accountlng and Reportln8 by Charltles 2005
(Revlsed 20081.
Declarations
The Trustees declare that they have approved the Trustees, Annual Report above.
Slgned on behalf of the charlty's Trustees:
Sfgnature.
Full name:
-QOL ( K)
Date:

26 Hackney Foodbank Annual Report 2024
INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF HACKNEY FOODBANK
(Company limited by guarantee and not having a share capital)
Opinion
We have audited the financial statements of Hackney Foodbank for the 15 months
ended 31 March 2024, which comprise the Statement of Financial Activities, Balance
Sheet and the related notes including a summary of the significant accounting policies.
The financial reporting framework that ha5 been applied in their preparation is
applicable law and United Kingdom Accounting Standards including Financial Reportlng
Standard 102: The Ffnancial Reporting Standard applicable to the UK and Republic of
Ireland (United Kingdom Generally Accepted Accountlng Practlce).
This report is made solely to the company's members, as a body, In accordance with
Chapter 3 of Part 16 of the Companies Act 2006, Our audit work has been undertaken so
that we mlght state to the company's members those matters we are required to 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 company's members as a body, for our audit work, for this report, or for the
opinions we have formed.
In our opinion, the financial Statements:
give a true and fair view of the state of the charitable company's affairs as at
31 March 2024 and of its incorne and expenditure for the 15 months then ended.
have been properly prepared in accordance with United Kingdorn Generally
Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies
Act 2006.
Basis of Oplnlon
We conducted our audlt in accordance with International Standards on Audftlng (UK)
{1SAs (UK)) and applicable law. Our responsibilities 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 charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements
fn the UK, Including the FRC'S Ethlcal Standard, and the provfslons available for small
entities, and we have fulfilled our other ethical responsibilities in accordance with
these requirement5. We believe Ihat the audit evidence we have obtained is sufficient
and appropriate to provide a ba515 for our opinion.
Conclusion5 Relatlng to Going Concern
In auditing the financial statements, we have concluded that the Trustees, use of the
going concern basis of accounting 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 condition5 that, individually or collectively, may cast significant
doubt on the charitable company's ability to continue as a going concern for a period of
at least 12 months from when the financial statements are authori5ed for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going
concern are described in the relevant sections of this report.

27
Other Informatlon
The Trustees are responsible for the other information. The other information
comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. Our OPTnion on the financial statements
does not cover the other information and, except to the extent otherwise explicitly
stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statement5, our responsibility is to read
the other information and, in doing so, consider whether the other information is
materially inconsistent with the fi'nancial statements or our knowledge obtained in
the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial statements or a material
mls5tatement of the other information. If, based on the work we have performed,
we conclude that there Is a material misstatement of thls other information, we are
requlred to report that fact.
We have nothing to report in this regard.
Oplnlons on Other Matters Prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees, report for the financlal year for which the
fi'nancial statements are prepared is consistent with the fi'nancial statements. and
the Trustees, report has been prepared in accordance with applicable legal
requirements.
Matters on Which We are Required to Report by Exception
We have nothing to report in respect of the following matters In relation to which
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 returns adequate for our
audit have not been received from branches not Vlslted by us;
the financial statements are not in agreement with the accounting records and
returns;
certain disclosures of Trustees, remuneration specifi'ed by law are not made; or
we have not obtained all the Information and explanatlons necessary for the
purposes of our audit;
the Trustees were not entltled to prepare the financial statements in accordance
with the small companies regime and take advantage of the small companies,
exemption in preparing the Trustees, report and take advantage of the small
companies exemption from the requirement to prepare a Strategic report.

28 Hackney Foodbank Annual Report 2024
Responsibilities of the Trustees
As explained more fully Tn the Trustees, responsibilities statement, the Trustees are
responsible for the preparation of the financial Statements and for being satisfied
that they give a true and fair view, and for such internal control a5 they determine
is necessary to enable the preparation of fi'nancial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the
charitable company's ability to continue as a going concern, discl05ing, as applicable,
matter5 related to going concern and using the going concern basis of accounting unless
the Trustees either intend to liquidate the charitable company or to cease operations,
or have no realistic alternative but to do so.
Our Responslbllltles for the Audlt of the Flnancial Statements
We have been appointed as audltor under Companies Act 2006 and report in accordance
with the Act and relevant regulations made or havlng effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial
statements as a whole are free from material misstatement, whether due to fraud
or error, and to issue an auditor's report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted
in accordance with1SAs IUKI will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be expected to inftuence the economic
decislons of users taken on the basls of these financial statement5.
Irregularities, Including fraud, are instances of non-compliance with laws and
regulations. We design procedures in line with our responsibilities, outlined above,
to detect material misstatements in respect of irregularities, including f raud.
The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below:
The engagement partner ensured that the engagement team collectively had the
appropriate competence, capabilities and skills to identify or recognise non.compllance
with appllcable laws and regulations.
We identifi'ed the law5 and regulations applicable to the charitable company through
discussions with Trustees and other management and we a55essed the extent of
compliance with the laws and regulations identified above through making enquiries
of management and inspecting legal correspondence.
We assessed the susceptibility of the charitable company's financial statements to
material misstatement, including obtaining an understanding of how fraud might
occur, by making enquiries of management as to where they considered there was
susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and
considering the internal controls in place to mitigate risks of fraud and non-compliance
with laws and regulations.
To address the risk of fraud through management bias and override of control5,
we performed analytical procedures to identify any unusual or unexpected
relationships, tested journal entries to identify unusual transactions and invest7gated
the rationale behind significant or unusual transactions.

29
In response to the risk of Trregularities and non-complTance with laws and regulations,
we designed procedures which included, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance; and
enqulring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more
removed that laws and regulations are from financial transactions, the less likely it
is that we would become aware of non-compliance. Auditing standards also limit the
audit procedures required to identify non.compliance with laws and regulations to
enquiry of the Trustees and other management and the inspection of regulatory and
legal correspondence, If any.
Material misstatements that arise due to fraud can be harder to detect than those
that ar1se from error as they may Involve deliberate concealment or colluslon.
A further de5CriPtlon of our responsibilities for the audlt of the fi'nancial statements
is located on the Financial Reportlng Council's website at: www.frc.org.ukllibrary/
standards-codes-policylaudit-assurance-and-ethics/auditors.responsibilities-for-the-
audit/ 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 a5 auditor of a company under
section 1212 of the Companies Act 2006.
Use of Our Report
This report is made solely to the charitable company's members, as a body, in
accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work
has been undertaken so that we might state to the charitable company's members
those matters we are required to 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 charitable company's members as a body,
for our audlt work, for this report, or
or the opinions we have formed.
C J Goodhead FCA
Senior Statutory Auditor
Knlght Goodhead Llmlted Chartered Accountants and Statutory Auditors
7 Bournemouth Road
Chandler's Ford
Eastlelgh
Hampshire. S053 3DA
11

30 Hackney Foodbank Annual Report 2024
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 MARCH 2024
Perlc*J ended 31 March 2024
Year ended 31 Dec 2022
Note
Unresirlcttd
Rejtrtrted
Total
Unreitrlcted
Restrlcted
Total
INCOIIE FROM:
Donatlons and Legacie5
1.173,689
372,127
1,545,816
855,458
130.426
985,884
Donated Food
391,855
391,855
222,746
222,746
Other Donated Goodslservlces
28,324
28,324
Other Income
13,579
13,579
2,235
2,235
Total Income
1,579.123
372,127 1,951.250 1.108.763
130,426 1.239,189
EXPENDITURE ON:
Value of Fot*J Glven Away
500,429
22.565
522,994
403,922
5,C¥JO
408,922
txher Expenses on cha￿table Actlvltles
1,558,979
192.680
1,751.659
688,972
125,OZ7
813,999
Total Expendlture
2.059.408
215,245 2,274,650 1,092.894
130.027 1.222,921
NET INCOMEIIEXPENDITUREI BEFORE GAIN5 AND LOSSES
1480,285)
156.882
1323,400)
15,869
399
16,268
INVESTMENT GAINSIILOSSESI
40,044
40.044
119,5831
119,5831
TRANSFER BETWEEN FUNDS
66,885
166,8851
REVALUATION OF sfocK
55.705
55,705
NET AIOVEMENT IN FUNDS
1373,3561
89.997
1283,3561
51,991
399
52.390
Balances Brought Forward at 1 January 2023
1,234.257
62.866 1.297,123 1.182,267
62,466 1.244.733
BALANCES CARRIED FORWARD AT 31 MARCH 2024
860,902
152,805 1.013.767 1.234,257
62,866 1,297.123
Movements on all reserves and all recognlsed gains and losses are shown above. All of the organisation's operations
are classed as contlnuing.
The notes on pages 34 to 41 form part of these flnanclal statements.

31
BALANCE SHEET
FOR THE PERIOD ENDED 31 MARCH 2024
31 March 24
31 Dec 22
Unr•tht•d
lrfci•d
Toibl Unr•strkt•d
Restyirted
A5SErs
Flxed Assets
Motor Vehkles
79,314
79.314
20,413
20,413
Olflce Equlpment
Invejtmenls
2.084
2,084
269.411
3,181
3.181
269,411
229,367
229,367
Total Flx•d Assets
350,809
350,809
252.962
151.961
Curr•nt As*ts
Stocks
29.834
29.834
98,217
98.217
Debtor$
96.995
9,964
106,959
105,959
105,959
payments
6,¢XIZ
0,{￿)1
9,7aJ
9,783
Cath at Bank and In Hand
4Z8,761
142,901
571,662
795,693
126,Z21
921,914
Tot•1 Curr•nt Al￿15
501,592
151,J65
714,457 1,IX19,651
126,221 1.135,873
Total A$￿t5
912.400
152,865 1,065.265 1,262,614
1 Z6,2ZI 1.JIB.834
UAOILITIES
Current Llabllltles: Falllni Due Vllihln 12 Month5
Current Credltors
17,860
17,860
9,811
9,811
Accruals
33,(AO
13.640
18,546
55,855
74,401
Deferred Income
7,500
7,5
Totsl Current L￿bIlItI•5
10
51.500
51,500
28,357
63,355
91.712
N•t Ass•ts
860,902
152,165 1,013.767 1,234,257
62,866 1,297,123
Equlty
General Fund
60.902
860,902
1,234,257
1,234,257
Restrfcted
11
152.865
15Z.065
62.066
62,866
Total Equlty
160.902
151,065 1.013.707 1.234,257
62,866 1,297.123
The Trustees acknowledge thelr responslblllty for complylng wlth the requlrernents of the Companle5 Act 2006
wlth respect to accountln8 record5 and the preparatlon of accounts.
The accounts have been p￿Pared In accordance wlth the provlslon5 In Part 15 of the Companles Act 2006
appllcable to companles subject to the small companles reglme and In accordance wlth the Flnanclal Reportln8
Standard for Smaller Entitles leffectlve Aprll 2008).
The Trustees acknowledge thelr responslbllfty for ensurlng that the company keeps proper accountlng record5
whlch comply wlth 5ectlon 386 of the Act and for preparlng finandal statements whlch glve a true and falr
vlew of the state of affalrs of the company as at the end of the financlal year and of Its profit and loss for the
flnandal year In accordance ￿th the requlrements of sectlons 394 and 395 and whlch otheryAse comply wlth
the requlrements of the Companles Act 2Q06 relatlng to accounts, so far as appllcable to the company.
Approved by the Trustees on the:
261f
£9
Slgned on thelr behalf by Trustee:
Prlnt name:
Company Re8lstratlon Number.. 7877042

32 Hackney Foodbank Annual Report 2024
STATEMENTS OF CASH FLOWS
FOR THE PERIOD ENDED 31 MARCH 2024
31 March 2024
31 Dec 2022
Notei
Net Cash Flow Provided by Operatln8 Activities
1254.9751
132,862
Cash Flows from Investfng Actlvitles
Interest Received
13,579
Z,235
Purchase of Flxed A55ets
166.8121
17841
Sale of Fixed A55ets
Purchase of Investments
150,0001
IGalnl/Loss on Investments
140,044
19,583
Net Cash Flow
(350,252)
103,896
Cash at the End of the Year
571,662
921,914
Cash ai Start of the Year
921,914
818,018
IDecrea5elllncrease In Cash In the Year
1350.2521
103.896
1. Reconclllation of Net Movement in Funds to Net Cash Flow from Operatln8 Actlvities
31 Alarch 2024
31 Dec 2022
Net Movement In Funds for the Year
1283,359
52,390
Interest Recelved
113,5791
12,2351
Profit on Dlsposal
Depreciatlon
11,C¥)8
5,463
Decrea5elllncreasel In Debtors
2,781
134,8091
IDecreaselllncrea5e In Credltor5
140,2121
45,979
t)e¢rease In Stock
68,386
121,779
Revaluatlon of Stock
155,7051
Net Cash Flow fmm Operating Actlvltles
1254,9751
132,862

33
2. Analysls of Cash and Cash Equivalents
3 1 Ilarch 2024
31 Dec 2022
Cash at Bank and In Hand
571,662
921,914
Total
571,662
921,914
3. Analysfs In Change In Net Debt
31 Dec 2022
Cash flow5
Other non-cash
changes
31 March 2024
Cash at Bank and In Hand
921,914
1350,2521
57t,662
Total
921,914
1350,2521
571,662

34 Hackney Foodbank Annual Report 2024
NOTES TO THE ACCOUNTS
1. ACCOUNTING POLICIES
Basis of Preparation of the Financial Statements
The financial statements have been prepared in accordance with applicable accounting
standards, the Charities Act 2011 and the Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with FRS 102 (effective
January 20191.
The charity meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are Inltially recognTsed at historical cost or transaction value unless otherwise
stated in the relevant accountlng policy notes.
The particular accounting policles adopted are set out below.
The 2024 accounts are for the 15 month period to 31st March 2024. As a result
comparative amounts presented in the financial statements (including the related
notes) are not entirely comparable.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial ActlvltTes (SOFA) when:
the charity becomes entitled to the resources;
the Trustees are virtually certain they will receive the resource5. and
the monetary value can be measured with sufficient reliabillty.
Incomlng Resources wlth Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract
income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donatlons
Grants and donations are only included In the SOFA when the charlty has unconditional
entitlement to the resources.
Tax Reclalms on Donations and Glfts
Incoming resources from tax reclaims are included In the SOFA in the same fi'nanclal
perlod as the gift to which they relate.
Contractual Income and Performance Related Grants
Thi5 is only included in the SOFA once the related goods or services has been delivered.

35
Glfts In Klnd
Gifts in kind are accounted for at a reasonable estimate of their value to the charity
or the amount actually realised.
Glfts In Kind - Donated Stock
Donated Stock (mostly being food and household items) is recognised as income
and expenditure based on the weight donatedlgiven out In the accounting period.
The value per kg is in line wlth Trussell Trust guTdelines. If the guideline value f rom
the Trussell Trust changes, the stock held as at the fi'rst day of the new accounting
year is revalued with the galn11055 taken to the SOFA.
Donated Servlces and Facllltles
These are only Included in incoming resources {wlth an equlvalent amount in resources
expended) where the beneflt to the charity is reasonably quantlflable, measurable and
material. The value placed on these resources Is the estimated value to the charity of
the service or facility received.
Volunteer Help
The value of any voluntary help received Is not included in the accounts but is described
In the Trustees, annual report.
Expenditure and Liabilities
Liabllity Recognltlon
Liabillties are recognised as 500n as there is a legal or constructive obligation commlttlng
the charity to pay out resources.
Grants wlth Performance Condltions
Where the charity glve5 a grant with conditions for its payment being a specific level
of service or output to be provlded, such grants are only recognlsed In the SOFA once
the redpient of the grant has provided the speclfled Service or output.
Operatlng Leases
Rentals applicable to operating leases are charged to the SOFA over the period in
which the cost is incurred.
Penslon Costs
Contributions in respect of the charltable company's defi'ned contrfbutlon scheme are
charged to the SOFA in the year in which they are payable to the scheme. Differences
between contributions payable and contributions actually paid in the year are shown
in other creditors at the year end.

36 Hackney Foodbank Annual Report 2024
Fixed Assets
Tangible Flxed Assets
Office equipment from £500 - £5,000 are straight line depreciated over 3 years.
Offi'ce equipment with a longer life costing over E5,000 are straight line depreciated
over 5 years.
Motor vehicles are straight Ilne depreciated over 8 years.
Other assets that are deemed to have a longer life than 5 years can be depreciated
at a longer time with the Trustees approval.
Investments
Investments held by the charlty are held for the long.term and so are considered
a fixed asset.
Investments are initially recognlsed at their transactlon value and subsequently
measured at thelr fair value as at the balance sheet date, using the closing quoted
market price.
Any change in fair value will be recognised in the statement of financial activities
as a combined realised or unrealised investment gain or loss, shown in the heading
'Net gainslllossesl on investments"
Going Concern
The charitable company expects to be able to continue in operation through the
continued receipt of gifts and grants.
Cash flow forecast for the next 12 months indicate that income and cash balances
carried forward should be sufficient to cover the budgeted costs. Therefore these
accounts have been prepared on a going concern basls.
Financial Instruments
The charitable company only enters into basic financial Instrument transactions
that result in the recognitlon of h'nancial assets and liabilities like trade and other
debtors, cash at bank and creditors. These basic financial instruments are measured at
transaction price and are subsequently measured at amortised cost. Financial a55et5
and liabilities classifi'ed a5 due within one year are not amortised.
Taxation
The charitable company is considered to pass the tests set out in Paragraph 1 Schedule
6 of the FTnance Act 2010 and therefore it meets the definition of the charitable
company for UK corporation tax purposes. Accordingly, the charitable company is
potentially exempt from taxation in respect of income or capital gains received within
categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256
of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains
are applied exclusively to charitable purposes.

37
2. INCOME
31 March 2024
31 Dec 2022
UnTe5tricled
Aestrlcted
Unrv5trl¢tEd
Restricled
Total
Donations and Legacles
Donatlons
958.399
958,399
700,792
2,520
703,312
Grant5
6,843
343.207
350,050
41,749
127,906
169,655
CorF4)rate Oonatlons
208,447
28,920
237,367
112,917
112,917
Fundralslng Event
Total
1,173,690
372.127
1,545,816
855,458
130,426
985.8É4
Other Income
Value of Donated F￿d
391,855
391.855
222,746
222,746
Value of Other Donated Goods and Servlces
28,324
28.324
Other Income
13,579
13,579
2,235
2,235
Total
405,434
405,434
253,305
253,305
Total Income
1.579,124
372,127 1,951.250 1,108.763
130,426 1,239,189
3. EXPENDITURE
31 Alarch 2024
31 Dec 2022
Unrestrt¢ted
Re5trlct2d
Unr•itrlc¢*é
Resirlcted
Total
Fundralslng Actlvlties le¥, Fundralslng Staff I
33,674
33,674
16,050
16,050
Governance Costs
25,961
25,961
18,999
18.999
Premise5 Costs
216,029
8,102
224,131
117,243
117,243
Salarle5 and Payroll Cost5
625,845
123,584
749,430
352,773
74,412
427,185
Value of Donated Food Given Away
460,238
460,Z38
344,525
344,525
F¢xKI Purcha
40,191
22,565
62,756
54,848
5,000
59,848
Food Purchase5 Adlustrnent
1,128
1,128
4,549
4,549
Phone to Food IFace Lkjnatel
76,582
76,582
26,538
9,154
35,692
Vouchers and Grants
435,403
58,980
494,383
12,205
6,750
18,955
General Expenses
144,354
2,014
146,368
145,164
34,711
179,875
Total
2.059.405
215.245 2,274,650
1.092,894
130.027 1,222.921
The Value of Food Given Away per the SOFA is the sum of: Value of Donated Food + Food Purchased directly by
Hackney Foodbank + Food Purcha5e5 Adjustment (see Note 6 Donated Stock51.
Included within Governance Costs above are amounts due to the auditor in relation to the audit of £7,182
12022: £7,380).

38 Hackney Foodbank Annual Report 2024
4. STAFF COSTS
31 March 2024
31 Dec 2022
Wages and Salarfes lillcludlng PAYEI
686,875
391,292
Employer Nl Contrlbutltsn5 (Net of Employment Allowance)
45.355
28,905
Employer Penslon Contrlbution5
17,231
6,968
Total
749,461
427, 185
Average number of efflployees who were engaged In each of the followln8 actlvltles
31 March 2024
31 Oec 2022
Actlvltles In Furtherance of Organisatlon's Objects
18
10
Management and Administratlon
Total
22
16
Employee Numbers as an Average rrE (Full Tlme Equlvalent):
17.0
One employee received emoluments in excess of £60,000
Durlng the year one member of key management personnel was paid remuneration and benefits
totalling £66,450. (2022: one member pald £51,425>.
During the year redundancy payments of £9,894 was pald to one employee.
None of the Trustee5 were paid remuneration or have received other benefits from employment
with the charity or a related entity.
5. INVESTMENTS
31 March 2024
31 Dec 2022
Unr•strlrt•d
R•itrl¢ted
Tht•l
Unr•strl¢ied
Restrlcled
Total
Market Value at 1 January 2023
229,367
229,367
198,951
198,951
Addltlon: CCLA Charlty Fund
50,COO
50,000
GalnllLos51 on Revaluation of Investment
40,044
119,5831
119.5831
Market Value at J l March 2024
269,411
269,411
229,367
229,367
6. DONATED STOCKS
31 March 2024
R2voluJtlon Of
Openin4 Stock
b•lance 1.1.23
tlonat•d Stock
Purcfv15ed Food
5totk Out
BaLince Jl.03.24
Donated Stock5
98,217
391.855
62,756
522,994
29.834
rotal
98.217
391,855
62,756
522,994
29.834
Stock of 12,588 kg with the value of £29,834 using the Trussell Trust guidelTnes of £2.37 per kg
was held at the period end (2022: 41,442 kg valued at £2.37 per kg; E98,2171.
Note: This is not a liquid asset ané is only to be donated to individuals in need.

39
7. FIXED ASSETS
Offlce Equlprner*t
Total
ActuallRevalued C05t
At 1 January 2023
28,820
6,567
35,387
Addltlons Durin8 Year
66,888
1,924
68,812
Dlsposals Dudn4 Year
At 31 March 2024
95,708
8,491
104,199
D•preclatlon
. At 1 January 2023
8,407
3,386
11,793
Charge for the Year
7,987
3,021
11,CQ8
D15P05als Dur(n8 Year
At 31 Mjrch Z024
16,394
6,407
ZZ,801
Net Book Value
At 1 January 2023
20,413
3,181
Z3,594
At 31 Alarch 1024
79,314
2,084
81.39
All fixed assets are unrestricted.
8. DEBTORS
31 March 2024
31 Dec 2022
UrJrè￿11tted
R•5trlct•d
Tat•l
Unr•strlcted
R?strtctqol
Accounts Recelvable
53,025
53,025
82,070
82,070
Accrued Income
9,964
50,028
19,983
19,983
Dep)slts
3,906
3,906
3,906
Prepayrnents
6.C02
6,002
9,783
9,783
Total
102.997
9,964
112,961
115.742
115,742
9. CASH AT BANK AND IN HAND
31 l•larch 2024
31 Dec Z022
Llnrestrlrt•d
Rwtrieted
Total
Unre5trlcted
ResErl£fed
Total
Cash and Cash Equivalents
428,761
142,901
571.662
795.693
126,221
9Z1,914
Cash and Cash Equivalents
428.761
142,901
571.662
795,693
126,221
921.914

40 Hackney Foodbank Annual Report 2024
10. CREDITORS (AMOUNT FALLING DUE WITHIN ONE YEAR)
31 March 2024
31 Dec 2022
Unre￿[(ted
Rest￿rted
Unrestrtct•d
Re5trlcted
Total
Accounts Payable
15.659
15,659
8.068
8,068
Waqes Payable
2.201
2,201
1,743
1,743
Accruals
33,640
33,640
18,546
55,855
74,401
Deferred Income
7,5C¥)
7.5
Total
51.500
51.500
28.357
63,355
91,712
11. RESTRICTED FUNDS
B•lancq 1. 1.2J
Expendltur•
Transfer
Balance 31.J.14
Donal Smlth The Move
9,964
3,986
5,978
Phone to Food
1,250
1.250
Lunch Club
2,609
2,609
p and Nut Donatlon Emeryency Appeal
16.456
16,456
Re5lrlcted Food Purchases
1,250
1,250
GLA Food Network CDJrdlnatlon
42,(￿
17,n7
24,273
Old Street Pdrtner5 (Home Dellverlesl
1.0
Clty Brldge Trust
20,950
20,088
Trussell Trust (Flnanclal Incluslonl
5,433
84.708
56,391
33,750
Trussell Trust IOrganlsln8 & Local Moblllsationl
40,913
48,027
57,073
31,867
Trussell Trust Istrateqlc Resources)
14,OCKI
18,Cto
27,112
4,888
rrussell Trust ISust)Inabllltyl
50,184
50,184
Soclety for the Rellef of Dlstress
1,639
1.308
331
Moblle Food Bank
72,810
5,925
166,8851
Volunteer and Staff Welfare
2,0
Varlous Smaller Restricted Funds
520
1,280
1.069
731
Total
6Z.866
372.127
215,245
166.8851
15Z,865
The transfer out of the Mobile Food Bank fund represents expenditure that has been capitalised.

41
12. OPERATING LEASE COMMITMENTS
As at 31 March 2024, the charitable company had a fi've year rental operating lease commitment:
31 March 2024
31 Dec 2022
Wlthin One Year
15,150
Between One and Flve Years
60,600
Tofal
75,750
13. RELATED PARTIES TRANSACTION
There were related parties transactlons In the period to 31 March 2024 (2022: none) £59 was
paid to one Trustee for travel and subsistence.
14. GRANTS TO OTHER ORGANISATIONS
Hackney Foodbank granted £480,000 to London Community Foundation to set up a Hackney Foodbank
Community Fund to benefit communities in London in a convenient, impactful and tax efficient way.
This amount included £72,000 in management fees to London Community Foundation.
Hackney Foodbank also granted £10,000 to Hotline Meals for Passover, E5,000 to Boiler House and
E4,998 to Carib Eats to help with their giving free and partially subsidiseé food to the community.

CONTACT US
Our address:
Wally Foster Community Centre
Homerton Road
London
E9 5QB
Phone us
020 72542464
(Mon- Fri, 10:00- 14.00)
Email us
lnfo@hackneyfoodbank.org
Some of our many volunteers from 2023
Hackney
Report design: www.hilarybarnes.co.uk
foodb