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← Stoke-On-Trent Foodbank

2024-03-31-accounts

Company registration number: 08334798 Charity registration number: 1150820

Stoke-on-Trent Foodbank

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 March 2024

Daryl Denson ACMA VAST The Dudson Centre Stoke on Trent ST1 5DD

Stoke-on-Trent Foodbank

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Statement of Cash Flows 8
Notes to the Financial Statements 9 to 23

Stoke-on-Trent Foodbank

Reference and Administrative Details

Trustees Lilian Dodd, Chair Karen Poxon Philippa Simpson Sheila Cowell Senior Management / Leadership Corrine Boden MBE, Director of Services Team Charity Registration Number 1150820 Company Registration Number 08334798 The charity is incorporated in England and Wales. Registered Office Magdalen Road Blurton Stoke-on-Trent ST3 3HS Accountants Daryl Denson ACMA VAST The Dudson Centre Stoke on Trent ST1 5DD

Page 1

Stoke-on-Trent Foodbank

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Lilian Dodd, Chair Glenn Parkes, MBE (resigned 31 August 2024) Karen Poxon Philippa Simpson Judith Woodall (resigned 31 August 2024) Sheila Cowell (appointed 23 March 2024)

Senior Management / Leadership Corrine Boden MBE, Director of Services Team:

Objectives and activities

Objects and aims

The Charity's objects ("objects") are specifically restricted to the following: the prevention or relief of poverty in Stoke-on-Trent and the surrounding areas by providing food to local people who are in need of emergency supplies and by such other means as the trustees may determine.

Public benefit

The Stoke-on-Trent Foodbank operates to Trussell Trust guidance for food distribution via a standard picking list. Every person with a voucher code can present at one of our foodbankdistribution centres, where they will receive three days of emergency food. Food is distributed out to all individuals experiencing temporary food crises due to poverty, sudden loss of employment, reduction in hours of work, benefit-related issues, or other emergencies within their household. Individuals can receive up to five vouchers per crisis as a general principle. However, the team reviewed the voucher status regularly, and throughout the pandemic and beyond vouchers increased to eight.

The Stoke-on-Trent Foodbank supports people referred by a wide range of frontline agencies operating across the city, including Citizens Advice, schools, Social Care & Health, and statutory and voluntary sector organisations.

Guests attending Foodbank sessions received a warm welcome and additional support through signposting. Signposting ensures that our guests receive the best help to resolve their issues/crises; also the opportunity to access financial inclusion support, benefits and debt advice.

Stoke-on-Trent Foodbank works with partners to reduce the requirement for foodbank clients to make return visits.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Use of volunteers

200 active volunteers per week

Page 2

Stoke-on-Trent Foodbank

Trustees' Report

Achievements and performance

Government Health Check: this was undertaken by the Trussell Trust, they can see first-hand the passion and dedication that is shared across trustees, staff and volunteers. Trussell trust quote “the report is a testament to the strength of your foodbank”.

Three day emergency parcels given out in total -19,643, adults 11,997 children 7,646

Total food donated, 154780.34kg 4.65% down from the previous year

Total food distributed 146706.87 kg 19.38% down from the previous year

How much we have purchased over the year 3127.78 kg which is 20.24% of the year in total

Harvest donation was 12,297.86 kg

We have seen an increase in pensioners accessing emergency food parcels On average of 60.7% of households only had 1 emergency food voucher We have also seen a rise in single people needing access to emergency food provision We have seen an increase in first-time referrals (2881 households); however, the number of referrals for individual households has decreased.

Our strategy is working, people are getting the right support at the right time, and the reliance we have seen in previous years has reduced. With this in mind, if we were to expand this strategy, our vision of ending the need for Foodbanks in Stoke-on-Trent is becoming a reality. But we cannot do this alone….

Financial review

The financial results are shown on pages 6 to 23 of this report.

Policy on reserves

Trustees have considered the level of reserve funds they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments. Trustees will endeavour not to set aside funds unnecessarily and will ensure that we maintain sufficient reserve funds to fulfil staff salaries and general outgoings for a minimum period of 6 calendar months. This is to be reviewed for the 2023/24 reporting period.

At the end of the period the charity had free reserves of £601,712 (2023: £489,847)

Structure, governance and management

Nature of governing document

Memorandum and Articles incorporated 18/12/2012 as amended by special resolution registered at Companies House on 08/02/2013.

Page 3

Stoke-on-Trent Foodbank

Trustees' Report

Recruitment and appointment of trustees

We offer a fair recruitment process for new Trustees focusing on equality and diversity, we use the guidance that is supplied by the Charity Commission.

The six Trustees play an active role in supporting the charity. All hold a position of responsibility and give their time unconditionally. They support the staff team and the volunteers and ensure that all governance is in place and adhered to.

Organisational structure

Stoke-on-Trent foodbank operates to the Trussell Trusts model of running a foodbank by following their guidelines and governance. The Regional Trussell Trust Area Manager representative provides ongoing support including; advice for the annual audit, policy advice, fundraising advice, national issues guidance etc.

We have partnership agreements with all our 16 food distribution centres ensuring that consistency and good practice is maintained

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on ......06/11/2024... and signed on its behalf by:

......................................... Lilian Dodd Trustee

Page 4

Stoke-on-Trent Foodbank

Independent Examiner's Report to the trustees of Stoke-on-Trent Foodbank ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Stoke-on-Trent Foodbank as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................

VAST The Dudson Centre Stoke on Trent ST1 5DD

07/11/2024 Date:.............................

Page 5

Stoke-on-Trent Foodbank

Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16
Note
Income and Endowments from:
Donations and legacies
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
funds
£
109,741
15,871
125,612
(20,207)
(20,207)
105,405
105,405
519,802
625,207
Unrestricted
funds
£
157,265
2,860
160,125
(62,899)
(62,899)
97,226
97,226
422,576
519,802		 Restricted
funds
£
253,369
-
253,369
(346,298)
(346,298)
(92,929)
(92,929)
149,565
56,636
Restricted
funds
£
324,173
-
324,173
(274,069)
(274,069)
50,104
50,104
99,461
149,565		 Total
2024
£
363,110
15,871
378,981
(366,505)
(366,505)
12,476
12,476
669,367
681,843
Total
2023
£
481,438
2,860
484,298
(336,968)
(336,968)
147,330
147,330
522,037
669,367

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 16.

The notes on pages 9 to 23 form an integral part of these financial statements. Page 6

Stoke-on-Trent Foodbank

(Registration number: 08334798) Balance Sheet as at 31 March 2024

2024 2023
Note £ £
Fixed assets
Tangible assets 12 37,547 49,845
Current assets
Debtors 13 8,748 4,418
Cash at bank and in hand 14 637,422 617,576
646,170 621,994
Creditors: Amounts falling due within one year 15 (1,874) (2,472)
Net current assets 644,296 619,522
Net assets 681,843 669,367
Funds of the charity:
Restricted income funds
Restricted funds 56,636 149,565
Unrestricted income funds
Unrestricted funds 625,207 519,802
Total funds 16 681,843 669,367

For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 6 to 23 were approved by the trustees, and authorised for issue on .....06/11/2024..... and signed on their behalf by:

......................................... Lilian Dodd Trustee

The notes on pages 9 to 23 form an integral part of these financial statements. Page 7

Stoke-on-Trent Foodbank

Statement of Cash Flows for the Year Ended 31 March 2024

Note
Cash flows from operating activities
Net cash income
Adjustments to cash flows from non-cash items
Depreciation
Investment income
4
Working capital adjustments
Increase in debtors
13
(Decrease)/increase in creditors
15
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
4
Purchase of tangible fixed assets
12
Net cash flows from investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March		 2024
£
12,476
19,498
(15,871)
16,103
(4,330)
(598)
11,175
15,871
(7,200)
8,671
19,846
617,576
637,422		 2023
£
147,330
18,418
(2,860)
162,888
(381)
972
163,479
2,860
(25,243)
(22,383)
141,096
476,480
617,576

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 9 to 23 form an integral part of these financial statements. Page 8

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Magdalen Road Blurton Stoke-on-Trent ST3 3HS

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Stoke-on-Trent Foodbank meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Page 9

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity 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.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Fixtures and Fittings Straight Line 25%
I.T. Equipment Straight Line 33.3%

Page 10

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

Motor Vehicles Land and Buildings

Straight Line 25% Straight Line 15%

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 11

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

3 Income from donations and legacies

Donations and legacies;
Donations from companies, trusts and similar
proceeds
Donations from individuals
Gift aid reclaimed
Grants, including capital grants;
Government grants
Grants from other charities
Grants from companies
Donations and legacies;
Donations from companies, trusts and similar
proceeds
Donations from individuals
Gift aid reclaimed
Grants, including capital grants;
Government grants
Grants from other charities
Grants from companies		 Unrestricted
funds
General
£
30,024
68,853
6,487
500
3,877
-
109,741
Unrestricted
funds
General
£
61,774
76,322
8,434
2,835
7,900
-
157,265		 Restricted
funds
£
300
1,540
-
200,000
48,679
2,850
253,369
Restricted
funds
£
3,000
1,585
-
209,998
107,337
2,253
324,173		 Total
2024
£
30,324
70,393
6,487
200,500
52,556
2,850
363,110
Total
2023
£
64,774
77,907
8,434
212,833
115,237
2,253
481,438

Page 12

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

4 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits
Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
15,871
15,871
Unrestricted
funds
General
£
2,860
2,860		 Total
2024
£
15,871
15,871
Total
2023
£
2,860
2,860

Page 13

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

5 Expenditure on charitable activities

Advertising & Promotion
Bank Charges
Community Outreach
Computer and IT
Debt Advice
Depreciation
Distribution Centre Costs
Insurance
Justgiving Charges
Office Expenses
Payroll Admin
Staff Travel Expenses
Printing and Postage
Professional Fees
Repairs and Renewals
Salaries and Wages
Subscriptions
Telephone
Utilities
Van Expenses
Volunteer Expenses
Warehouse Costs
Food Top Up & Delivery Bags
Training
Gift Cards
Rent
Event Expenses		 Unrestricted
funds
General
£
-
-
-
-
-
13,660
-
-
20
-
-
-
-
1,575
451
-
-
90
2,990
-
-
-
-
-
-
1,421
-
20,207		 Restricted
funds
£
5,774
427
1,624
2,063
54,819
5,838
12,806
1,671
1,272
2,052
907
892
2,197
2,195
2,510
139,642
230
1,847
1,681
6,758
5,195
618
62,788
1,307
23,000
5,522
663
346,298		 Total
2024
£
5,774
427
1,624
2,063
54,819
19,498
12,806
1,671
1,292
2,052
907
892
2,197
3,770
2,961
139,642
230
1,937
4,671
6,758
5,195
618
62,788
1,307
23,000
6,943
663
366,505

Page 14

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

Advertising & Promotion
Bank Charges
Community Outreach
Computer and IT
Debt Advice
Depreciation
Distribution Centre Costs
Insurance
Justgiving Charges
Office Expenses
Payroll Admin
Staff Travel Expenses
Printing and Postage
Professional Fees
Repairs and Renewals
Salaries and Wages
Subscriptions
Telephone
Utilities
Van Expenses
Volunteer Expenses
Warehouse Costs
Food Top Up & Delivery Bags
Training
Governance
Evaluation
Gift Cards
The Trussell Trust		 Unrestricted
funds
General
£
470
43
2
847
-
12,580
-
-
652
227
300
3
310
691
246
32,652
129
475
1,628
2,103
137
110
2,719
-
1,575
5,000
-
-
62,899		 Restricted
funds
£
486
39
1,462
1,032
56,940
5,838
7,567
1,395
892
1,417
697
90
2,889
1,037
1,301
109,290
203
1,529
3,708
3,916
1,510
421
17,566
984
-
-
51,500
360
274,069		 Total
2023
£
956
82
1,464
1,879
56,940
18,418
7,567
1,395
1,544
1,644
997
93
3,199
1,728
1,547
141,942
332
2,004
5,336
6,019
1,647
531
20,285
984
1,575
5,000
51,500
360
336,968

Page 15

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

6 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Independent examiner fees
Examination of the financial statements		 Unrestricted
funds
General
£
1,575
1,575
Unrestricted
funds
General
£
1,575
1,575		 Total
2024
£
1,575
1,575
Total
2023
£
1,575
1,575

7 Government grants

£200,000 (2023 :£200,000) was received from Stoke on Trent City Council £nil (2023:£9,998) was received from Awards4All

£500 (2023:£2,835) was received from SOTCC Ward Budget.

The amount of grants recognised in the financial statements was £200,500 (2023 - £212,833). There were no unfulfilled conditions at the end of the year,

8 Net incoming/outgoing resources

Net incoming resources for the year include:

Other non-audit services
Depreciation of fixed assets		 2024
£
1,575
19,498		 2023
£
1,575
18,418

9 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

Page 16

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

10 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2024
£
133,652
3,087
2,903
139,642		 2023
£
136,369
2,734
2,839
141,942

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2024 2023
No No
General Staff 10 11

Contributions to the employee pension schemes for the year totalled £2,903 (2023 - £2,839).

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £30,466 (2023 - £30,188).

Page 17

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

11 Taxation

The charity is a registered charity and is therefore exempt from taxation.

12 Tangible fixed assets

Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Land and
buildings
£
43,188
7,200
50,388
9,170
7,558
16,728
33,660
34,018		 Furniture and
equipment
£
33,913
-
33,913
23,652
6,374
30,026
3,887
10,261		 Motor vehicles
£
40,155
-
40,155
34,589
5,566
40,155
-
5,566		 Computer
equipment
£
11,817
-
11,817
11,817
-
11,817
-
-		 Total
£
129,073
7,200
136,273
79,228
19,498
98,726
37,547
49,845

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings and £33,660 (2023 - £34,018) in respect of leaseholds.

Page 18

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

13 Debtors

13 Debtors
Prepayments
Other debtors
14 Cash and cash equivalents
Cash at bank
15 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Accruals		 2024
£
5,450
3,298
8,748
2024
£
637,422
2024
£
299
-
1,575
1,874		 2023
£
-
4,418
4,418
2023
£
617,576
2023
£
-
897
1,575
2,472

Page 19

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

16 Funds
Unrestricted funds
General
General Funds
Designated
Designated
Total unrestricted funds
Restricted funds
Food
Asda Grant
Tangible Fixed Assets
Christmas Vouchers
Awards 4 All 2022
Trussell Trust
Banners
Van
Household Support Fund 3
Pathfinder F1 Yr 2
Pathfinder F1 Yr 3
Pathfinder YR4
Community Meal
Household Support Fund 4
Total restricted funds
Total funds		 Balance at 1
April 2023
£
178,802
341,000
519,802
9,858
1
19,888
-
3,327
-
3
968
56,178
4,523
54,819
-
-
-
149,565
669,367		 Incoming
resources
£
125,612
-
125,612
1,840
-
-
2,500
-
211
-
-
-
-
-
48,468
350
200,000
253,369
378,981		 Resources
expended
£
(20,207)
-
(20,207)
(1,840)
-
(5,838)
(2,500)
(3,327)
(211)
-
-
(49,532)
(4,523)
(54,819)
(44,697)
(350)
(178,661)
(346,298)
(366,505)		 Balance at 31
March 2024
£
284,207
341,000
625,207
9,858
1
14,050
-
-
-
3
968
6,646
-
-
3,771
-
21,339
56,636
681,843

Page 20

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

Unrestricted funds
General
General Funds
Designated
Designated
Total unrestricted funds
Restricted
Food
Community Investment
Fund 2
Asda Grant
Local Community Fund
Tangible Fixed Assets
Awards 4 All 2022
Awards 4 All 2021
Banners
Pathfinder F1 Yr 1
Van
Coop 2022
Household Support Fund 2
Household Support Fund 3
Pathfinder F1 Yr 2
Pathfinder F1 Yr 3
Total restricted funds
Total funds		 Balance at 1
April 2022
£
81,576
341,000
422,576
8,940
5,975
3,526
-
19,751
-
4,260
70
56,939
-
-
-
-
-
-
99,461
522,037		 Incoming
resources
£
160,125
-
160,125
6,545
-
-
411
-
9,998
-
-
-
3,040
1,842
50,000
150,000
47,518
54,819
324,173
484,298		 Resources
expended
£
(62,899)
-
(62,899)
(5,627)
(896)
(3,525)
(411)
(4,942)
(6,671)
(4,260)
(67)
(56,939)
(2,072)
(1,842)
(50,000)
(93,822)
(42,995)
-
(274,069)
(336,968)		 Transfers
£
-
-
-
-
(5,079)
-
-
5,079
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2023
£
178,802
341,000
519,802
9,858
-
1
-
19,888
3,327
-
3
-
968
-
-
56,178
4,523
54,819
149,565
669,367

Page 21

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

The specific purposes for which the funds are to be applied are as follows:

Community Investment Fund Grant to be used for improvements to the warehouse.

Asda Grant To be used for staffing costs.

Local Community Funds Grants to purchase food

Tangible Fixed Assets Grant to purchase new vans

Awards 4 All Grant to employ a van driver for a further 12 months.

Pathfinder Project

To fund the Money Matters Project. Received from The Trussel Trust

Stoke on Trent City Council Household Support Grant

Stoke on Trent City Council Stronger together winter programme

Page 22

Stoke-on-Trent Foodbank

Notes to the Financial Statements for the Year Ended 31 March 2024

17 Analysis of net assets between funds

17 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
23,495
603,586
(1,874)
625,207
Unrestricted
funds
General
£
29,955
492,319
(2,472)
519,802		 Restricted
funds
£
14,052
42,584
-
56,636
Restricted
funds
£
19,890
129,675
-
149,565		 Total funds at
31 March
2024
£
37,547
646,170
(1,874)
681,843
Total funds at
31 March
2023
£
49,845
621,994
(2,472)
669,367

18 Related party transactions

There were no related party transactions in the year.

Page 23