Tewkesbury
foodbahk
Tewkesbury Foodbank
Charity No: 1151000
Trustees, Annual Report
& Statement of Financial Activity
for the period l April 2023 to 31 March 2024
Trustees
Marion Badham
Sandra Ditchburn
Helen Hill
Stuart Hutchison
Gordon Sandford
Carolyn Seaton
Andrew Simpkins
Michael Waldron
Elizabeth Walker
1st September 2024
Page l of 17

Contents
Introduction................
Charitable Objects.-......
Overview (Executive Summary)...
Artivities & Achievements......
Outputs & Outcomes....
The Roles & Contributions of Volunteers....-....
Performance Indicators.............-.
Looking Ahead...........
Financial Review ....
Financial Position...-.......
Details of Any Funds Materially in Deficit .
Policy on Reserves...........
Description of the Principal Risks Facing the Charity .
Remuneration of Trustees..............
Reference and Administration Details .
Charity Name & Registration.........-...
Chariws Principal Address........-.
Names of the Trustees Who Manage the Charity............
Name of Project Manager........-....
Bankers....
Independent Examiner.
Structure, Governance & Management ................
Type of Governing Document ....-
Statutory Declaration ...
Trustee Selection Methods ...........
Trustee Development....
.10
10
.10
.10
.10
.10
6 Statement of Financial Artivities .
6.1 Independent Examiners Report..............
6.2 Statement of Financial Activities........-..
6.3 Balance sheet.
6.4 Notes to the financial statements- year ended 31. March 2024......-.
11
.11
.12
.14
.16
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Trustees Annual Report
& Statement of Financial Activity
for the period l April 2023 to 31 March 2024
l. Introduction
1.1 Charitable Objects
Our governing document states
l. To provide emergencyfood aid to people in Tewkesbury and surrounding areas in need, hardship or
distress (beneficiories) who ore referred to us by authorised partner agencies.
2. Further to (l) above, to supply goods to beneficiaries, either dirertly or through agency partners approved
by the trustees. Goods to include (but not to be limited to) food, including tinned and driedfoods, to ensure
a healthy, balanced and nutritious diet sufficientfor 3 days at a time, olso clothes, furniture, toys.
3. To do any other thing consistent with the primary purpose of the charity, including (but not limited to),
the provision of counselling and other advisory services.
The trustees confirm thatthey have referred to the Charity Commission's general guidance on public
benefit when reviewing the charity's aims and objectives and in planning future activities.
1.2 Overview (Executive Summary)
Tewkesbury Foodbank serves the community of Tewkesbury Borough which has a growing
population approaching 100,000. In the last 10 years the Foodbank has been able to meet all
requests for support through the generous help of the local community, churche5, businesses and
voluntary associations and the local borough and county councils.
In the financial year 2023/2024 Tewkesbury Foodbank fulfilled 1532 food vouchers which helped
to feed over 3,300 people. This was an increase of 21% over the number of parcels provided in
2022/2023, an increase similar to other foodbanks around the UK. This provision wa5 made
possible by the Foodbank receiving food donations valued at £36,580. In addition, cash donations
and grants enabled us to make purchases of food amounting to £25,666, and to supply clients with
vouchers for fresh vegetables and meat at a cost of £41,473. We also supplied fuel vouchers with a
total value of £7,508 {£5,173 from our funds and £2,335 issued by Fuelbank Foundation from their
funds). The total cash expenditure on meeting client needs was £72,313. This continued the shift
in the 'business model, of the Foodbank where increasingly we are more reliant on cash donations
and grants than gifts of food.
The Foodbank Centre is operated by its team of dedicated volunteers who run the Centre five
mornings a week, and manage the warehouse, food purchasing, collection and distribution
activities. The Foodbank employs, on a part-basis, an experienced project manager to help manage
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the growing demands. The total costs of running the Centre and warehouse, including utility bills,
vehicles, and staff costs was £32,466. Total expenses for clients and running costs were £101,840.
The Foodbank is grateful for the commitment of local individuals, businesses and churches who
provided regular and ad hoc donations amounting to £76,002 including claimed Gift Aid. In addition,
in 2023 the Foodbank received a £30,000 Household Support Fund Grant from Tewkesbury Borough
Council in response to the cost-of-living crisis. Total income was £107,180 which meant we have a
small surplus for the year of £5,340. The Foodbank ended the year with Current Cash Asset5 of
£206,264. However, with projected budget deficits as a result of increased demand outstripping
regular donations, plus the potential costs of further investment in our services (as described
below), the updated reserves policy shows that these funds are at a prudent level to cover projected
expenditure over the next 12-36 months.
2. Activities & Achievements
2.1 Outputs & Outcomes
The main focus of our activities is providing three days, worth of food (nine meals) for those in food
crisis for whatever reason. Our clients may be assessed through independent partner agencies who
referthem to us via a voucher system. Thirty-two agencies issued vouchers during the financial year.
Our major referral agency has been Tewkesbury Borough Council who typically provided just over
5t
half of all referrals, but the Council terminated this service on I September 2023. As a result, we
have provided an in-house service for issuing vouchers but using the same criteria as are applied by
our referral agency partners.
Most vouchers are received via the Trussell Trust's elertronic referral system {E-vouchers) which
has reduced the need to handle paper vouchers. The electronic system also gives us a real time
overview of the number of vouchers that have been issued which helps us to react to the expected
footfall. We continue to operate on a "Collection Onl¢, rather than a "Delivery Only" or Hybrid
model as our catchment area is quite local and many clients are within walking distance. We can
sometimes deliver parcels to those who have mobility or health issues.
In the last year we have continued to see a further marked increase in the level of demand as a
result of the cost-of-living crisis. The number of food vouchers fulfilled rose from 1270 in
2022/2023 to 1532 in 2023/2024, a 21Yo increase, and the number of clients helped rose from
2996 to 336512279 adults and 1086 children) a 12Yo increase on last year. This indicates there has
been a disproportionately higher increase amongst households with no children compared to
those with children. We have seen a higher number of single households coming in, which may be
the result of the benefits system treating such people less well than households with children.
However, on the purchasing side we were able to make considerable economies by movingto a new
bulk supplier, Iceland, and by rationalising the content of food parcels to better focus on client
needs. The cost of purchased food, fresh food and fuel vouchers, and Tesco Spend cards wa5
£72,313 which significantly exceeded the value of food donated of £36,580.
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In addition to providing a suitable food parcel to each client and their family, food vouchers enable
our clients to obtain fresh food at a local greengrocers and butchers. We also supply gas and
electricity top ups to help with fuel bills. The vouchers provide important additional help to clients
in difficult circumstances. We also provide a limited range of toiletries such as soap/handwash,
shampoo, shower gel, deodorant, toothbrushes , toothpaste, washing up liquid and soap powder.
We continued with our Christmas blessings initiative which is now embedded as part of our annual
plan. Every household received Tesco Spend gift cards (which excluded alcohol and tobacco). We
chose these cards because of the variety of items that could be bought, and we know that they
enabled many families to buy Christmas presents. In total 151 families (241 adults and 300 children)
were recipients of th is initiative.
Through our partnership with the Fuelbank Foundation our clients can now receive vouchers for a
minimum of £49 from November to March and £30 during the rest of the year (subject to certain
criteria). During the last winter, this amount has varied each month to reflect the weather and
energy prices. Vouchers are redeemable at a Paypoint outlet or Post Office. This scheme only applies
to pre-payment meters, so we have mirrored the criteria and amounts and now credit the accounts
of those with monthly/quarterly bills. This scheme has been of vital support to clients who otherwise
would have struggled with affording heating during the winter months.
When clients visit to collect parcels and vouchers, we look for opportunities to discuss their
circumstances and where appropriate to signpost them to other agencies that may offer assistance.
However, we currently lack the staff and skills to give more in-depth advice and so are currently
investigating how we may provide greater assistance by working with the Trussell Trust's Financial
Inclusion project. The Trust may also contribute funding to enable us to take on appropriate paid
staff.
We received a grant of £30,000 from Tewkesbury Borough Council during the financial year. These
funds were used to purchase specific help for clients in terms of food, vouchers, and energy top-
ups.
2.2 The Roles & Contributions of Volunteers
In the last year we have relied on our volunteer team of around 45 members to operate the
Foodbank. There are 5 teams of 3 or 4 volunteers who each run the Foodbank one morning a week.
Each team has a team leader. A team of volunteers work at the warehouse, collecting and sorting
food and transferring stock from the warehouse to the Centre. The Project Manager is in overall
charge of operations supported by a Steering Group of the team leaders and the Treasurer.
We are grateful to all our volunteers for their ongoing commitment to the Foodbank and the
compassion that is shown to our clients. The combination of time, energy and expertise has enabled
us to expand the support to our clients.
2.3 Performance Indicators
The Foodbank's essential performance target is to provide food to every client who comes to the
Foodbank, and we continued to achieve this in 2023/24. As explained above we have gone beyond
this core objective by also providing fresh food and fuel vouchers and supplementary provisions
such as through the Christmas blessings initiative.
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A key target in the light of food inflation has been to carefully manage our food purchases. We have
managed to reduce the cost per kilogram of purchased food from around £2.40 to £2.14 by a new
bulk purchasing agreement.
During the year we saw an increase over our budgeted figures in personal regular and ad hoc
donations and in donations from churches and charities. Ad hoc donations from businesses were
below budget but this was more than compensated by a greater than expected grant from
Tewkesbury Borough Council.
The Foodbank sets itself a target ratio of 30%170% in terms of running costs to client expenditure,
not including food that is donated. In 2023124 the ratio was 31Yo/69¥.
2.4 Looking Ahead
The Foodbank is facing a continuing and substantial increase in the number of clients while at the
same time seeing a levelling off in the value of food donations. This decrease is at present being
offset by an increase in cash donations and grants, but these are proving more volatile in nature.
The Foodbank is extremely grateful for the support from Tewkesbury Borough Council. However,
ad hoc grants made on a one-year basis, present a challenge in managing our finances on a
consistent basis.
Over the last year we have produced and are progressing a 'forward plan, of our activities. This has
identified several actions to sustain the service provided to clients:
a) Monthly tracking of client demand in terms of vouchers processed and stock levels in order
to identify trends and manage the financial implications.
b) Managing an ongoing plan to recruit and train our volunteers in order to maintain a high
quality of service.
c) Obtaining additional office space
d) Investigating the resources needed to develop a 'signposting service, to clients to help them
access further means of support in conjunction with the Trussell Trust's Financial Inclusion
project.
The major task in the last year has been to change the constitution of the charity to a Charitable
Incorporated Organisation {CIO>. This effectively created a new charity but serving the same
purposes. This change was considered necessary given the increased scale and costs of the
Foodbank's operations plus the need to employ staff and potentially acquire premises. We prepared
a new governing document based on the Charity Commission template which was approved by
th
them on 17 November 2023. The change also required a new bank account and HMRC registration.
st
The new charity commenced operation on l April 2024 but there will be a period of dual running
of the old and new charities to address such issues as gift aid claims and funds transfers. Approval
for the Transfer of Assets has been received from the Charity Commission.
3. Financial Review
3.1 Financial Position
At 31" March 2024 we held cash funds of £206,264, Food Stock valued at £15,554.24 and fixed
assets valued at £5,035 after depreciation. A detailed explanation of funds is given in Section 6.4.
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Our total income for the year was £107,179.97 and total expenses were £101,840.09 giving a net
surplus of £5,339.88.
The majority of our cash funds are held in a portfolio of notice accounts managed through CAF via
their Flagstone Platform which ensures that our funds are protected by the Financial Services
Compensation Scheme (FSCS). The accounts are regularly monitored to benefit from changes in
interest rates.
3.2 Details of Any Funds Materially in Deficit
The Charity has no funds which are materially in deficit.
3.3 Policy on Reserves
A review of our reserves policy is carried out each year. The Reserves Policy addresses the
uncertainties in our financial planning notably:
The future number of vouchers and beneficiaries - the number of vouchers fulfilled increased
by 46% in 2022/23 and a further 21Yo in 2023124. It remains challenging to estimate future
demand.
The significant volatility in the level of financial donations in the last 3 years, particularly non-
recurring grants.
The opportunity to provide additional help and advice to clients (Financial Inclusion) requiring
additional salary, training, and equipment costs.
The rate of inflation and its impact on both client needs and our purchasing costs.
The budget for the 2024/25 year shows a potential deficit of around £35,000 which will need to be
covered from reserves. This excludes costs that would be associated with the Financial Inclusion
project if it goes ahead in the coming year.
The Reserves Policy is set out under the following headings:
l. Cash Flow - This covers mismatches in timing between the income and expenditure and
provides for 3 months expenditure on the Centre's overheads and its 'baseline' figure for
purchases.
2. Contingencies
Contingencies address specific risks in the risk register which could
potentially seriously impact the Foodbank's operations. Notable risks include flooding or fire
damaging the Centre and/or the warehouse, and increased rental costs.
3. Commitments The Trustees have set aside funds to ensure that we could sustain the
Financial Inclusion project beyond an initial two-year period for which we hope to obtain a
grant from Trussell Trust. It will take time to build up new sources of funds to support this
initiative long-term and we have provided an additional 18 months of funding to the value
of £60,000.
4. Conservation The conservation figure includes a provision for projected annual budget
deficits. We expect to run a deficit of around £35,000 in the 2024125 year and this may
continue at a similar level while we seek to raise additional funds. The conservation figure
also includes what is left over in the current reserves once we have allocated funds to the
above three categories for the coming financial year.
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The Trustees have therefore set the following totals for the Reserves policy for 2024/2025:
Cash flow
£29,000
Contingencies
£15,000
Commitments
£60,000
Conservation (budget deficits} £lOO,000
Total
£204.000
Current cash funds
Conservation (Balance)
£206,000
£2,000
Given the uncertainty regarding both future income and expenditure we believe this is a reasonable
allocation of our reserves and ensures we can maintain services over the next 3 years.
The level of reserves will be reviewed on a regular basis by the Trustees to ensure that the funds are
appropriate to fulfil our continuing financial obligations.
3.4 Description of the Principal Risks Facing the Charity
The Charity maintains a Risk Register which identifies the risk5 to which the Charity is exposed, and
the action5 proposed to eliminate or mitigate those risks. It is compiled in the light of the guidance
provided by the Charity Commission's document 'CC26 - Charities ond Risk Management,. The Risk
Register is reviewed on a minimum quarterly basis and reported at Trustees meetings. Trustees or
staff are allocated responsibility for specific risks. The current Risk Register identr'fi'es risks under
the following headings:
Governance- The major risk in the year was the need to consider a new charity structure la
CIO) appropriate to the increased financial and legal obligations of the charity. The new CIO
received approval by the Charity Commission in November 2023 and takes over the running
of the charity from 1st April 2024. The Trustees have also developed and are managing a
strategic or forward plan to address the overall governance and direction of the charity in
the light of the risks involved and future developments.
Operations - the major risks are around maintaining the required number and skills of
volunteers, ensuring adequate food stocks, and Optimising the value for money of food
purchases. There are also risks around the ongoing availability of the Centre premises as well
as its vulnerability to flooding which can in part be mitigated by insurance.
Financial- the volatility in income and potential additional expenditures have been identified
above underthe Reserves Policy. Careful management ofthe budget and making appropriate
re-forecasts is a key mitigation task. The shift from food to cash donations by the Foodbank's
supporters also has an impact on the running of the Foodbank and in planning for increased
purchases of food.
Client relationships - the Charity is committed to providing a good experience for clients.
We work to ensure that all clients are treated with respect and their access to vouchers and
food meets their needs.
External risks - these are risks beyond the Charity's direct control but can have a major
impact on the Foodbank, such as changes in government policy, the 'cost of living, crisis, or
another pandemic. These risks require the Charity to provide agility and resilience in its
operation5 and finances.
Compliance-the Charity must continue to meet its Compliance obligations in terms of filing
returns and ensuring it meets other legal and regulatory requirements such as safeguarding
Page 8of 17

and health and safety. These risk5 are being addressed by appointing one trustee to have
specifi'c oversight of each of the different areas of compliance and good practice.
3.5 Remuneration of Trustees
All Trustees act in a voluntary capacity and receive no remuneration or other material benefits from
their services to the Charity.
Out-of-pocket expenses necessarily and reasonably incurred by Trustees in promoting the purposes
of the Charity are reimbursed.
4. Reference and Administration Details
4.1 Charity Name & Registration
Charity No:
1151100
Registered with HM Revenue & Customs
4.2 Charity's Principal Address
76 Church Street, Tewkesbury, Gloucestershire GL20 5RX
e-mail: info@tewkesbury.foodbank.org.uk
website. www. tewkesbury.foodbank.org.uk
4.3 Names of the Trustees Who Manage the Charity
Name
Marion Badham
Sandra Ditchburn
Helen Hill
Stuart Hutchison
Gordon Sandford
Carolyn Seaton
Andrew Simpkins
Michael Waldron
Elizabeth Walker
Office Appointed
Resigned
Treasurer
31/03/2024
15/01/2024
Chair
Chair 15101/2024
4.4 Name of Project Manager
Michael Jones
Email
ro
ectmana
er
tewkesbu
.foodbank.or
4.5 Bankers
Lloyds Bank
19 High Street, Tewkesbury
CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ
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4.6 Independent Examiner
Mrs. Melanie Kisby
66 Church Street, Tewkesbury
Structure, Governance & Management
5.1 Type of Governing Document
Trust Deed dated 23rd January 2013
5.2 Statutory Declaration
The Trustees confirm that they have paid due regard to the guidance issued by the Charity
Commission on public benefit in deciding what activities the charity should undertake.
5.3 Trustee Selection Methods
There must be at least five charity trustees.
In appointing Trustees consideration is given to ensuring thatthe Trustees have between them
the skills and experience necessary to manage the charity effectively and in accordance with
charity law.
5.4 Trustee Development
There have been changes within the Trustee board with two resignations in the last year. Our
thanks to the previous chairman, Gordon Sandford, and to Stuart Hutchinson for their services
to the charity. The current trustees all have relevant experience in the charity sector and come
with varied professional backgrounds. We will look to appoint additional trustees in the
coming year.
Approved by the Trustees and signed on their behalf.
Signature
Name
Andrew Simpkins
Helen Hill
Position
Chair
Treasurer
Date
2021
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CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
Section A
Independent Examiner's Report
Report to the trusteesl
I LWJKcS8QQ4 KIK
On accounts for the year
ended
mARck+
Charity no
(rf any)
1151000
Set out on pages
IL4t) 11
I report to the trustees on my examination of the accounts of the above
charity ("the Trusf) for the year ended
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation
basis of report of the accounts in accordance viith the requirements of the Charities Act
2011 (Ihe Acr).
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
I have completed my examination. J confirm that no material matters have
come to my attention (
th
Independent
examiner's statement
thtrkcfor
I have no concerns and have come across no other matters in connection
with the examination to which attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
Please delete the words in the brackets if they do not apply.
Signed:
Date:
Name:
Relevant professional
qualification(s) or body
(if any):
MOIIA
OF fME CHALrE£Eb IAJtrifL)fc
hJAL AutsiTfJL£
fjF INJr
Address:
C¥lV
20 ££z
IER
October 2018

TEWKESBURY FOODBANK 1151000
Statement of Financial Activities (Income & Expense)
April 1, 2023 to March 31, 2024
Unrestrlcted Restricted Endowment
Total
Income
Incotne and EndowTnents
Ino)me from Donations and L8gacie5
DONATIONS
BUSINESS DONATIONS
101 BUSINESS DONATIONS REGULAR
1,140.00
1.140.00
103 BUSINESS DONATIONS AD HOC
5.919.97
5,919.97
PERSONAL DONATIONS
102 PERSONAL DONATIONS REGULAR
24.750.80
24,750.80
104 PERSONAL DONATIONS AD HOC
Z3.755.14
23.755.14
GR4Nfs - Non RecJJrring
30.￿￿.00
30.000.00
Gift Aid Claim
6.362.99
6,362.99
105 CHARrrY & ORGANISATION DONATIONS
11.119.51
11,119.51
107 CHURCH DONATIONS
2.954.05
2,954.05
Investment Income
Interest ReceNed
1.17T.51
1.177.51
Total Income
107,179.97
0.00
107.179.97
Expenses
Expenditure
cHAF￿TABLE ACTIWTIES
CHARITY RUNNING COSTS
01 IT EQUIPMENT
971.50
971.50
E03 Operating Lease Expense
9,230.00
9,230.00
E04 VEHICLE COSTS
1,639.45
996.87
2.636.32
E07 CENTRE SUNDRIES
4.069.84
4.069.84
E08 STAFF COSTS
428.49
428.49
E09 Insurance
992.87
992.87
E18 Printing & Stationery Ctssts
531.93
531.93
UTILMES
2.825.35
2.825.35
E11 ENERGY SUPPORT
5,173.60
5,173.60
E15 FOOD TOP UPS {STOCK PURCHASE)
25.666.21
25,66621
E17 FOOD EXTRAS
41.473.00
41.473.00
Employee Costs
Employer NIC
502.86
502.86
Page 12 of 17

TEWKESBURY FOODBANK 1151000
Statement of Financial Activities (Income & Expense)
Aprll 1, 2023 to March 31, 2024
Unr•stricted
Restricted
Endovmient
Total
Em￿oyMent Allowan￿ Recovered
-502.86
-502.86
Payroll Costs
12.740.01
12,740.01
Pensions
325.02
325.02
E19 CLIENT ESSENTIALS
25.50
25.50
STOCK.'_ NET COST- Defiiit
.249.55
-5,249.55
Total Expenses
101,840.09
other Recognised Gainsl(Lossesl
GainsllLosses) on RevalLfation of Frxed Assets
310.00
310.00
N•t Resource Movèment
6,336.75
5,339.88
Net Movement In Funds
0.00
5,649.88
Total Funds Brought Forward
22111121
226,288.05
Total Funds Carried Forwd
228.757.96
4179J7
0.00
231,937.93
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TEWKESBURY FOODBANK 1151000
Charlty Commission Registration Number 1151000
Balance Sheet - Detail
As at March 31, 2024
FixedAssets
T8ngilJe Assets
Cornwter Equipment
Computer Eqvipment Cost
2.194.97
CompLrter Equipmenl Depreaation
-1,594.97
Fuiure5 & Fttlings
Fubjres & Frtbngs Cost
7.161.04
Fixiuw & FttÉings Depreciation
-5.836.04
Fixtijres & Fittings Revalualic
310.00
Vehtdes
Vehides Cost
12.000.00
Vehide5 DepreThati
-9.200.00
Curygnf Assets
Stocks
Stock
15.55424
Debtors
Cash At Bank And In H8nd
CAF Charity Bank
4,750.00
CAF Charity Bank Reserves
90.500.
CAF Charity BanL
64.750.00
FUELBANK FOUNDAllON FUNDING
3.859.80
LLOYDS BANK Current Account
46.164.53
Testtj Spend Cards
pety cash
99.17
CTrdito
Other Credilors
Payroll Li8biltties
HMRC
Employee Nl
44.88
PAYE
370.07
Net Assets
231.937ts3
Funds & Resettves
Reslricted Funds
ASDA IVAN)
3.179.97
Unrestricted De￿gnated F￿r￿S
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TEWKESBURY FOODBANK 1151000
Charity Commlssion Reglstration Number 1151000
Balance Sheet - Detail
As at March 31, 2024
ENERGY VOUCHERS
12.258.30
KEVEN MACE Butche
11.765.00
PREMISES
25.385.00
WOODYS
15,653.00
Unr&stri¢t&J General FLttvIs
FOOD STOCK
15.554.24
GENERAL FUND
148,142.42
Funds Provided
231.937.93
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6.4 Notes to the financial statements- year ended 31st March 2024
The accounts (financial statements) have been prepared in accordance with Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in line with the Financial Reporting Standard for Smaller Entities {FRSSEI and the Charities
5t
Act 2011 and UK Generally Accepted Practice as it applies form l January 2015.
Tewkesbury Foodbank holds the following funds for specific purposes.
ENERGY (designated}
Fuelbank foundation issue vouchers to our clients who are on prepayment meters on our
behalf. A total of £7,508.60 was distributed in this Financial Year to our clients in need. We
hold £16,118.30 in this fund for the next financial year. (£3,859.80 held by Fuelbank
Foundation and £12,258.30 held in our funds ready to top up the Fuelbank fund).
LLOYDS BANK Community Fund (designated)
This grant was awarded in November 2014, and we continued to use this fund to SUPPOrt
School holiday initiatives in all areas of the town. To ensure that we support the clients in
the town this has been used to buy food. The current balance of this fund is now NIL.
FOOD STOCK {restricted)
This is a restricted fund as it represents our food stock movement with a monetary value
calculated @ £2.37 per kg. {This value is recommended byTrussell Trust). This fund shows a
slight increase as it reflects the increased amount of food that is being purchased. The year-
end value of our food stock is £15,554.24 {6562 kg).
WOODY'S (designated), MACE (designated)
We continue to offer vouchers for fruit & vegetables from Wood¢s, the local farm shop, and
with our local butcher, Kevin Mace. Last yearfs costs were Woody's £22,885, and Mace
£13,320. These funds are made up from personal or business donations and the Household
Support Grant funds from Tewkesbury Borough Council. The balances of these funds are
£15,653 and £11,765 respectively.
PREMISES (designated)
We have a designated fund for the ongoing rental of our current premises which forms part
of our Reserves. We also benefit from the use of a warehouse which is rent free thanks to
Cotteswold Dairy, a local company who have supported the charity since it was formed in
2013. This funds now stands at £25,385.
ASDA VEHICLE GRANT {restricted)
We were successful in our application via Trussell Trust to purchase a newer van in January
2019. The grant also covered the first years running costs. The remaining amount in this fund
is to allow for depreciation. This funds now stands at £3,179.97.
TESCO SPEND CARDS
These gift cards are purchased at a minimum total value £IOOO and in amounts of £10 for
distribution to clients. Until they are activated, they have no cash value. We distribute these
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vouchers mainly at Christmas and in exceptional circumstances. We currently hold £900 of
activated cards. We issued a total of £5,230 during this financial year.
TEWKESBURY BOROUGH COUNCIL HOUSEHOLD SUPPORT GRANT
We received £30,000 to distribute to clients during October 2023 to March 2024. This was
used to purchase food, fresh food vouchers and energy top ups.
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