KINGS LYNN FOODBANK REPORT A￿'D ACCOUNTS FOR THE YEAR EL¥DED 31 hlARCH 2024 Charit), Registration: 1151936 KiNGS LYNIY FOODB.4NK TRUSTEES REPORT YEAR Ef*D 31 MARCH 2024 OBJECTIVES The objectives of the charity are :_ The prevention or relief of poverry in Kings L￿tn and the surrounding area by providing food to local people who are in need of emergewy supplies ond by such other means as the trustea% may detennin¢. Our vision is to end hunger and povety in the UL We k[￿W thai it is improbable we can ail hunger and povety but this is our goal. Our mission is to bring CQTnmunities together to ¢nd hunger and povety in ihe UK by providing ¢omp3ssionate* practical help while challen8in8 injustice. The Kings Lynn Foodbank is a charity founded on Christian principles. We WO￿ with pw)le of all faiihs and none. We rely on food donations ttTr f¢d l(Kal pcoplc in crisi& All food given oui by the f(K)dbank is donated or purchasoj with funds donated to us. Supernwket colleciions are one of the main ways that [[￿ 15 donatcd. Professionals such as docror& healih visilors, social workers. CAB, and kx)lice ideniify people in crisis and issue them with a fThKlbank voucher In setting our objectives and planning our activities our tn]stees have given careful ¢onsideraiion to the Charity CortllnissioTts getlerdl guidance on public benefit. Chalr's Report This year has been for Kin8s Lynn F(M)dbank a time when we have operated in a eontext where there is still a significant Cost-of-living crisis which has meant that the detnand forour Services has substantially tncreased. and our food stocks have diminished. We have employ￿1 a drii'er io free up lime for our Warehouse Manager to buy in the stocks we need at the keenest EX)ssible price as donations of fo(d itself are insufTicienL In the AccountinR year we fed a total of 6396 people which is a fiAure at the same level as last years rttord level. We have also given out fuel vouchers to help folk to heat their homes bearing in mind the substantial incrtrdses in g85 oil and electricity costs. and we are very grdteful for grnnts and other monies enabltng us to do this. We continue our aim of WOTking towards the eliTnination of the neal for the Foodbank.We have utiliwl a grdnt from Trussell Trust to enable us lo employ an additional member of staff in the distribution centre thus releasing our Strategic PrOj￿t Manager to spend time seeking ways to ail¢viale the endemic food poverty in the area Along with other statutory and voluntary agencies. We hai'e been blessed w'ith substantial wfts both of food and also mortey to enable us tts proi'ide this food and the organisaiion notwithstanditEg the increased call in our services. We have a]so receivd gran(s from the CouncÈl a5 well as from TTussell Twsi to ¢nabl¢ us co work wilh Citizens Advice in pmviding debt and benefit advice in line with our hope of doing away with the need for our charity. Our finances remain in a strong posttion and we are urgently 5ceking18rger premises which will enable us to earry out our work more effeciively although we are very wieful ￿ Ihe Sea Cadets for the use of part of their The Chariry depends on the hard work of our paid staff as well as the many volunieers who give selflessly of their time to help those who come to the Foodbank needing food aThl help. It al￿ relies on ihe supp)rt and g[￿will of th¢ whol¢ of th¢ ¢omniunity in West Fyorfolk inLluding ordinary Christians from many churches. as well as those who have simpli. seen the need and souRht to rne￿ li from Iheir ow'n sometimes limited resources. Both l and all of the TTUStees are very grateful and humbled by these signs of a community meeting the nea15 of those who 8 in nc¢d. KINGS L YNN FOODBANK TRUSTEES REPORT YEAR EIND 31 ￿lARCH 2024 STRUCTURQ GOVERNANCE AND MANAGEi¥IENT The c1￿]ty is govemed by Constitution a[￿ 15 as an unincorp)rdted clwity. The tnanagement committe¢ ¢onsisting of Chairp¢rg)n, Treasurer, s￿retary, and other tNstees musi mea at leasi 4 times a year. The quoNm for Management Committee meetings shall be s￿/0 of the committtt. Voting al Mana8etnent Committee meetings shall be by a show of hands. with the chairpe￿0￿ having the d￿ldIng vote. STRUCTURE, GOVERNANCE AND MANAGEMENT, CoDt....- In order io achteve the obje¢tiveg the trustees have the w>wer to: Provide serviccs and publtcise it5 activilics Raise funds a￿l invite contrÈbutions. Employ paid or voluntary workers. Purchase, rent or lease property or equipment. Co-operate with other voluntary. charitable or statutory or8ni5ations. MEMBERSHtP AND AFFILIATIONS King5 Lynn Foodbank is affiliate with the TThs5ell Tn￿t Charity and Churches Togelher in Kings Lynn. TRUSTEES The Charity Tjustees during th¢ yw w¢r¢.' Mr A Whiiile Mr R Pennington Mi A King Mr N M¢Givern Dr P Coates (appointed 08 Dtt 2023} STATEMENT OF TRUSTEES RESPONSIBILITIES The Trusiees are responsible for preparing the TnJstees' RerKTrrt and the fir￿n¢la1 stAtements in accordance with applicable law and United kn"ngdom Acci)unting Standards (United Kingdom Generally Accepted Accounting Prxtice}. The law applicable to eharities in England and Wales requir£¥ the IN5tees to prepare financial statements for each financial year which wve a Mie and fair view. of the state of the affai￿ of the charity and of incotnillg resoutres and application of rtsources. including the income and expenditure, of the charity for that period. In preparing these financial statements. the tTUSt¢e5 ore required to.. seleci 5ULiable accouniing poliriys lh￿ apply ihem con5i51enrly. - observe the methods ar￿ principles in the Charities SORP. - make judgements and esrimaies thai are reasonable and pa￿en￿ - state wheiher applicable UK Accounting Standards have been followaj, subjpxt to any nwt¢rial dq)atwres disclosoj and explainoj in the Fin￿la1 sts*ments. and - prepare the fsnan¢ial stat¢tn¢nts on the going concern basts unless if is inapproprial¢ to presume thai the charity will continue in busines& KINGS LYNN FOODBANK TRUSTEES REPORT YEAR EfiD 31 fvIARCH 2024 Th¢ twstees ale responsible for keeping adequate xcounting records that di%lose with rrasonable accuracy at any time the financial posltion of the charity a[￿ enable them to en_¢ure ihAt the rinancial statements comply with the Charities Aci 2011. They are also restK)nsible for safeguarding the asseis of the charity and hence for taking TEa50nable steps lor ihe prev¢ntion and detcction of fraud and other irr¢gularitics. This report was approval by th¢ Board on.. signoj on its behalf by Mr R PennRngtOD Trustee KINGS LYNN FOODB￿￿K STATEMENT OF FIJ'ANCIAL ACTIVITIES YEAR END 31 MARCH 2024 2024 2024 2024 2023 Restricted Unrestricted Total INCOMING RESOURCES Donations & Legacies Donations Donations for Fuel Charitable Activities Grants 145,463 145,463 1,450 84,295 3,605 1.450 50,039 5.223 55,262 87,424 Finance Income Interest Received 2,684 2.684 486 TOTAL INCOMIIIG RESOURCES 51,489 153,370 204,859 175,810 RESOURCES EXPENDED Charitable Actii'ities Wages CAB Worker Training Renl Food Light & Heat Insurance Phone&Broadband Computer Accountancy Independent Examination Network Donaliop Advertising Subscriptions Charis Expenses Kepairs & Maintenance Printing, P051age & Stationery General Expenses Rates and Il'ater Travelling Motor Expenses Card Charges Bank Charges Depreciation 11,045 31,916 43,022 54,067 31.916 620 4,600 11,869 1.932 1,833 511 406 859 4?.n 360 40,626 17,406 620 4,600 8,476 1,932 1,833 511 406 859 420 360 3,000 1,259 1,024 1,880 460 445 439 420 360 70 155 34,318 2,887 1.955 418 150 211 2,167 156 60 1,662 111.528 3.393 35 48.028 8.770 3,653 178 181 290 2.361 35 49,478 8,770 3,653 178 181 290 2,361 1,450 193 193 721 1,968 127,449 176,500 1,247 TOTAL RESOURCES EXPENDED 49,051 127.449 176,500 111,528 NET INCOMING RESOURCES TRANSFER OF FUNDS TOTAL FUNDS BROUGHT FORW ARD TOTAL FUTriDS CARRIED FORII'ARD 2,438 4.987 21.266 28,691 25,921 (4,987) 164.857 186.123 185,791 214,482 28,359 64,282 121,841 186,123 Page 1 KINGS L YNN FOODBANK STATEMEh'T OF ASSETS AND LIABILITIES YEAR END 31 MARCH 2024 2024 2023 CURRENT ASSETS Fixed Assets Cash at bank and in hand TOTA T. C.IIRRENT ASSETS (note 5) 5,182 208.754 213,930 4,987 181,716 18b,7U3 DEBTORS Other Debtors Prepayments 268 2.982 TOTAL ASSETS 217,180 CURRENT LIABILITIES Accruals Social Security Pension Fund Wages TOTAL CURRENT LIABILITIES 2,253 451 367 113 loo 580 2.704 NET ASSETS 214,482 186,123 FUNDS OF THE CHARITY Unrestricted Funds Restricted Funds 185,791 28.691 164,857 21,266 214.482 186,123 Approved by the Board of Tn]stee.s on. signed on its behaIf by; - Mr R Pennington Trustee Page 2 KtNGS L YNN FOODBANK NOTES TO THE FINANCIAL STATEMEiYrs YEAR END 31 LIIARCH 2024 l. Principal Aeeounting Polieies 1.1 Basis of Preparation These accounts have been prepared under the historical cost convention with items recognised at cosl or transaction valu¢ unless oihenvise staled in the relevant nole(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommcnded Practice-. Aecounting and Reporting by Charities preparing their accounts in accordset¥ Motor Vehicle Computer Equipment Total COST At l April 2023 Additions Disposals 11,820 921 2,163 12,741 2,163 At 31 March 2024 11,820 3,084 14,904 DEPRECIATION Ai l April 2023 Charge for year 6,833 1,247 921 721 7,754 1.968 At 31 March 2024 8,080 1,642 9,722 ET BOOK VALUE At 31 March 2024 3,740 1,442 5,182 At 31 March 2023 4,987 4.987 6. Restricted Funds Blfwd Ineome Expenditure Transfers Bal Clfwd Donations for Fuel CAB Worker Fixed Asscts Asda Top Ups Tesco Top Ups Trussell Trust 1.450 34,824 (1.450) (31.916) (1.247) (695) (2,697) (11,045) 49 050) 21,266 24.174 3.740 4,987 695 2.697 777 28.691 21,266 51,488 4,987 Fixed Assets Donations for Fuel Trussell Trust - CAB Asda Top up.s Te5¢0 Top Ups Twssell Trust motor vehicle supplied lo the charity lo be used on fuel vouehers - lo be used for CA advisor from Norfolk CAB grant relating to the weight of donatcd food to h¢lp witli iuiinin¥ LOStS - grant relating to the weighi of donated food lo help with running costs - strategic resources grant to contribute to operations resources salary Page 4 INDEPENDENf EXAMINER'S REPORTTOTHE TRUSTEES OF KIINGS LYNN FOODBANK YEAR E￿,DED 31 i¥IARCH 2024 I report on the account5 of Kings Lynn Foodbank for the yvdr ended 31 March 2024, which are set out on pa8es l and3. This report is made solely lo the charity's tmstees. as a l)ody. in accordancc ivith s¢¢tion 154 of the Charities Act. My independent examiner's work has be¢n und¢rtaken so that I might State to the charity"s tru5tce5 those Tnatters l am required to state io them in an independent examiner s report and for no other purpose. To the fullest extent p¢rmitted by law, I do not accept or assume responsibility to anyone other ihan (he charity, the charity's members as a body and the charity's trustee5 as a body for my independent examiner s work. for this report, or for ihe opinion5 1 have fomicd. Re5pe¢tive RespoD5ibilities of Trustees and Examlner The chariiy's tru5t¢¢s ate responsible for the prepardtion of th¢ a¢counts. The chariws trustees consider that an audit is not requir￿ for this year under section 144 of th¢ Charities Act 2011 (thc Charities Act) and that an independent examination is nccdcd. It is rny responsibility to :. examine the accounts under seclion 145 of the Charities Act. to follow the procedures laid down in the Generdl Directions given by the Charity Commission under %ction 145(5)(b) of the Companies A¢t- and to state whether particular matters have come to my att¢ntion. Basis of independent examiDer's Statement My examination was carried out in accordance wtth the Genernl Directions given by the Charity Commission. An ¢xamination includes a review of th¢ aecounling records kwt by the charity and a comparison of the accounts prescntcd w'ith those records. It also includes consideration of any unusual items or disclosures in the accounts. and s¢¢king explanations from you as trustees conceming any such Tnatt¢TS. The procedures undertaken do not provide all the evidence that ivould be required in an audii. and consequently no opinion Is given as to whether the a¢counts present a 'tTU¢ and fair view, and th¢ rq)ort is limiied to those matters set out in the statement below. Independent examiner's statement oiuie¥tLOlI Wlth my cAaminatiots no material matt¢r5. hthve come to my 8ttention which gives me caus¢ to believe that in, any material respect.. accounting r¢cords were not kept in respect of the charity as required by section 130 of the b) thc accounts do not accord with those records- or the accounts do not comply with the applicable requircmcnts concerning the forni al￿ ¢ontent of accounts set out in the Charities (Accounts and Reports) R¢gulatiot15 2008 other than Tequii¢rnent that the accounts gilt a'lNe atKI fair ￿leW which is nol a matiei considered as part of an independent examination. I have no ¢oncems 2nd have come across no othcr matters in connection wtth the examination lo which attention should be drawn in this report in ord¢r to enable a propu ullderstanding of ihe accounis to be reached. lie7.la Bcnefer FCCA Hai'bo)v and Co Chartered Certified Accountants Business Ad￿ser5 19 King Street King's L>'nn Norfolk Date: Signed... Page 5