Rogistered number: 08257431 Charity nuMr. 1152007 GREENWICH FOODBANK LTD (A Company Llmtted by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 "AD670W2" 2W06r2024 COMPANIES H(JJSE
GREEI4WICH FOODBANK LTD (A Company Limit•d by Guarant•o1 CONTENTS Page Refor•nc• and AdmInIstrv* 0•trS of th• Ch•rlty, Its Trnsl••s and Advls•rs Trustses. Rewl Irbd•pend•nt Examinerfs Report Statement of Flnancial Athitses Balon¢e Sheet Stal•m•rrt of Cash Flows 10 N¢)tss to the Flnaftcial Ststements
GREENWICH FOODBANK LTD (A Company Llled by Guarant•g) REFERENCE AND ADMSNISTrAThE DETAILS OF THE COMPANY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Trustees Mrs C J RidgweH (resigned 7 July 20231 Ms C Plank IrasKJned 20 July 20231 Mr J Twidale (resigned 27 Juty 20231 Mr A A Robinson. Treasurer {resned 19 Jufy 2023) Mr T Grimshaw. Chair (resigned 25 August 2023) Mr J P Archer. Trustee (appointed 12 January 2023) Mr S D Hicks, Chair {apwinted 15 March 2023} Ms H M moleVx. Trustee {appointed 24 Juty 2023) Company reglstor•d numbor 08257431 Charlty reglstered number 11 S2007 Rggistorgd offico Unit 1. 180 Shooters Hill. L(don, SE18 3HY Chief ex0¢1¥• offi¢er J Ginns Indond•t Examln•r P M Landergan FCA. 26 Bumey Slreet. London. SE10 8EX Page 1
GREENWICH FOODBANK LTD Company Limit•d by Guarantsel TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Trustees present their annual repM t(3ether with the financial statements of the compary for the 1 Oetober 2022 to 30 September 2023. The Trustees confirm tlTral the Annual Rert and financial statements of the company comply with the current statutory requirements. the requifements of the MPanS governing ocument ¥nd thè pmwsions of the Statement of Recommended Practice ISORPI. applicable to ¢harilie8 preparing their accounts in accordance wrth the Finanoal Rep(xt"ng StaThlard applicab in the UK antj Republic ol Irel IFRS 1021 {effective 1 January 2015) as affwJe(I by ulate BullelMI 1 (effective 1 January 2015). Since the c4)mpany qualifjes as small under se(alC 383. the strategic repcrtl required of medium and large companies under The Companies Aca 2l (Strategic Rewt arNJ Dire¢torf$ Report) RegulalKins 2013 is not required. Objectives and AcliviQies a. POLICIES AND OBJECTIVES The charitys obi8cts are the relief of poverty in The Royal Bwwgh of Greenwich in partiaT but nol exdusNely by the operation of a fcKxlbank wrthin a Ctwistian eth)s. b. OBJECTIVES 40 ACTIVMES 1 ACTIVITIES Main activities Greenwich Foryjbank continue5 to look to PrilSe Ihe most disadvantaged in community. We have updated our safeguarding and heafth and safety policies and review¢d our vc4unleer an¢J operation procedures. Greenwich Footh)ank continues lo puwe ts objects thr three main actibryknes: . Welcome Centres Greenwith Foodbank's Welcome Centres continued lo distribute food in keeping wlth their usual 0rational output. Welcome Centres also played host to ¢)ur Financial Indusion Partners who provided support with $MJnposting and wrap ar(kn)d care. Welcome Centres were open as usual during this period ak)ngside our home delrvery service is provided for those experiencing extreme Circumstan which prohitml them from collecting themselves. Coldhart>our Welcome Centre was opened and dosed accthn9 to availability of yunteerS throughoul the period wth the avanaL full dosure in the summer 012023. li. Partnerships Greenwch Fo(xlbank operated under the Trussell Trust Fran(e and 7hYJkeiJ in partnership with two financial indusion partneys.. Debt Centre GreenwKh and Citizens Adw"ce. iii. Pathffinders Greenwich Foodbank continued to take part in the Tlussell Trust lead iniiiatbve 'PathWers' which seeks lo find ways lo end the need for fc)dbanks in Ihe UK. Page 2
GREENWICH FOODBANK LTD IA Company Limited by Gu•ranl•8) TRUSTEES. REPORT (¢ontsnu•dl FOR THE YEAR ENDED 30 SEPTEIIBER 2023 Impacl of main 8ckn"vrttes Total food collrfiion KI dL%tn"bution: 261.938.25 KG offrd came in". 219,446.17 KG of fr was distributed. Totsl number of f(lbank beneficiaries: 9.887 adtS 7.094 chihdren were fed giving a total of 16.981 people fed. Total numbor of vouchw holders.. 8.104 Voucws re rAued and 6,524 Vouchws were rodeem8d. Groenwich Foodbank tk part in the Yesco 8ulk 2023" wlot scheme in which Trussell Tt brokered Ihe bulk prowsion of certain items free of charge. This resulted in a large upsurge in stored toward the tail end of this reporting pericrfj. This is rerted below as £670.619 against expenditure arKI rellected further as income. During the period we CA)ntinued to maintain the nber of put donatts)n prynts in (ivi¢ buiklings and in mapr Supomiatkets. The rolationships wrth Teso) and ASOA are palarlY valuaL49 and unique because they pass lo Greenwich FLK>dbank in cash the estimated profit of items donated via their store. The team also enhance(I the reath of our public lectIOn pOts to indude all libraries and communty cenlres across the borough. The regular Harvest Prografflme with the hC5 a150 resumed at Ihe tail end of this peiiod seeing usual levels of giving by local schoc4s. Additional a¢tiYittes Greenwith Foodbank paitiapates in a number of iniknNes. coll?borations and reviews related to focJ povety in the borovgh. GreenwKh Foodbank is well conneded lo local Members of Parliament and The Royal Borough of Greenwich Members 8r)d Officefs to advle for change on behalf of our dients. In particular during this per the Greenwich Food Response ¢LNnmittee conven¢d brnveekty to ensu cdlqboration was ftAly facilitated. 2 FUNDRAISING Greenwith Foc¥Jbank knmiled continues to raise support throLMJh four fundraising sources similar to olher Twssg11 Trust focKlbanks. Al fundraising 1$ undertaken in a¢an with Charrty Commission guidelines. a. Individual A programme of recruiting indNiduals who Wk1 oJnmit to a off gift or to regular tTh)nthly gffts. In both cases. where appropriate. individuals have been encouraged to use the HMRC Gift Aid scheme. b. Grants To provide the finan to cover set up of new aCtIty and Cats1 costs grants a sought. During the year GFL was in receipt of Grant funding vra Trussell Trust and London Cty rpOrt. Continued gTft in kind has been given by Royal Borwh of Greenwtth by wovidwig GFL wilh premises to operate as our warehouse. . Events Annual Tesco Collections t( pla¢ d. Churches We continue to encourage thurches to commkt to a ThK)nthly uJntributN)n to cover operational cAtsL Page 3
GREENWICH FOODBANK LTD (A Company Limrted by Guarantee) TRUSTEES. REPORT (ntinued) FOR THE YEAR ENDEO 30 SEPTEMBER 2023 Dono GFL recognise that many individuals. thurches aTrJ organisaknons supwt the foodbank financially. Many of the individuals do so anonymousty, however, we wsh to ragister our thanks and gratstud8 to all those who have made a contribut. We also enjoy cash given by Te$ PLC and ASDA though their Top up scheme A¢hl¢v•ments •nd wrforman & FINANCIAL PERFORkW4CE Greenwch Foodbank met al of our finanual commitments during the p8nthJ, wtth all P8ments m&le in gc<Jd me. Management of income and expenses welded a surplus Ihis peT. We have tsasonable expectstK)n that this wtll support expe¢led growlh in demand for our SeThi in the future per As the tharity conlinues to grow. the trustees be re¥ and UFJating the reserwes. investment and cash policies and procedures for the next reportiThJ year. Flnanclal revlew a. GOING CONCEI After making appropriate erViTIeS, induding the posSie long temi impact of Covid-19 might have, Ihe Trustees have a ieasonable eXpeK)ft that the company has adequate resources to continue in operational existence for the foreseeatde fijture. FLY this reason tsy continue lo ad¢Jpt the going concem basis in prepaftng the financial statements. Further detals regarthng the ipth)n of the going Cx)T basis can be found in the Accounting PolKies. Structure. governance and mana9efflent a. CONSTITIMON The company is regTrstered as a tharitable company lirnited by guarantee and was set up by a Memorandum of Asso¢iab'on on 1711012012. The company Is wslitut8d under a Mernorandum of Aswaation dated 17110r2012 arKI was granted charitsble 51alus on 13 May 2013 as chanty nuthr 1152¢XI7. The principal object of the Company is Ihe lIef of povety in The Roy4 B(*04vJh of Greenwich in particular bul not exdu5ively by the operatM)n of a f(M)dbank witrun a Chrislian ethos. b. MEfHOD OF APPOINThIENT OR ELEclloN OF TRUSTEES The management of the company is Ihe res[XsiblIty of the Trustees who are elected and co-opted under the tem)s of the Artides of AsslatiOn.
GREENWICH FOODBANK LTD (A Company Limited by exwrantee) TRUSTEES. REPORT IntInued) FOR THE YEAR ENDED 30 SEPTEMBER 2023 c. ORGANISATIONAL STrUCTURE AND DECISION MAKING The Trustees sel the strategic directton of the organalK)n and collectively make doc1snS that delermine the strategy. The Trustees have devolved the IYalday deu.sion making to the Chief Exe¢utive Officer (CEO) who has the operdlional responsibility to imFlemenl the strategy. The CEO has the ability lo further devolve a lesser degree of decision making to secti Heads of the organisation.. Warehouse. Welcome Centres, Tran5POrt. Training and Safeguarding, Administration. PR & Fundraising TRUSTEES. RESPONSIBILrnES STATEMepT The TnJstee$ (0 are abo drrectors of Greenwich Foo¢Jbank Ltd for the purposes of company law) are responsible for Pfeparing Ihe Trustees. Reiy)rt and fina31 ststements in accordance wittt applicabbe law an¢J United KI1 Acoyjnting Standards (United rdorn G)eralty Aepted Accounting Pra¢ticel. Company law requires the Trustees to p8 finalat statements for each finanual year. Under o)mpany law the Trustees must not approve the financial statements unless they are sabsfied that they give a Irue aThJ fair view of the stale of affair5 of the charitable (x)mpany and of the incoming sOurCeS and appli(3tion of resources, including the income and expenditure. of the charits14e c(¥npany for that peri(wJ. In preparing these financial statements, the TTUStee5 are required to: select suilale ac¢ounting p)IKies aThJ then them MSstenty. obSee the methTrJs and principles in the Chwities SORP.. make I9ments aTrJ accountirvJ eslimates that are reasonatde and prudent.. prepare the finanoal slatements on the goiThJ concem bags unless it Is inappropriate to pregjme that the chafitable company will continue in operatiorL The Truslees are reswnsible fty keeping ajequate accounting records Ihat are SLthcient to show and explain the charitable compan¥$ transactions and disd¢)se wtth reasonat4e accuracy al any time the finanoal position of Ihe chaiitable company and enable them to ensu that the financial statements comFdy the Companiès Act 2006. They a also re4Kinsible for safeguarding the assets of the CharItsb company and hene for tsking reaSonae steps for the prevention arbd detect of fraud and other irrtgularibes. This reFXt vrds apwoved ty the Tntstees, on 26 June 2024 arKI sNJned on their behalf by. Mr J P Archer Tnjstee Chair
GREENcH FOODBANK LTD (A CnY Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 INDEPENDENT EXAAIINER'S REPORT TO THE TRUSTEES OF GREENWICH FOODBANK LTD l¢he 'coMpan1 I report to the charity Trustees my exarrinatffi of the acc¢yJnts of the company fly the year ended 30 September 2023. This report is mAde solely to the companls Twstees. as a tly. in accordarKe with Part 4 of the Charilies {Ac¢ounts and RepcKtsl Regulations 2008. My work has been undertaken so that I might stale to the companvs Tnjstees those matters l am wuired to sle trj them in an Indendent Examinerfs Re and for no other purpose. fo the fvllest extent pemiitted by law. I do not a(xwt or assume resw)nsibility to anwne other than the company and the convnts Trustees as a tKNty. for my wcwk or fly th18 report. RESPONSIBILITIES AND BASIS OF REPORT As the Tnjstees of the company (aj its thre¢ for Ihe purrA)ses of company law) are resFonsible for the preparation of the accounts in accordance with Ihe requirements of the Companies Act 2006 llhe 2CQ6 Act'l. Having satisfied Mell that the 8cgx)unts of fv ¢x)mpany a not wuired lo" be audrted under Part 16 of the 2006 Act and are eluibte for independent examination. l in respect of my examination of the CoMpanS accounts carried ¢yJt under section 145 of the charib.es Act 2011 llhe 2011 Acf). In caffying out my examination I have frAlowed the treCtionS given by the Charity Commission under seL"on 14515)Ibl of the 2011 Act. Page 6
GREENMCH FOODBANK LTD (A Company Limited by Guarantee} INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2023 INDEPENDENT EXAMINER'S STATEMENT Since the compantys gross income exceeded £250.000 your examiner musl b8 a member of a body listed in section 145 of th8 2011 A¢t. l ¢onfifm Ihal l am qualffied to Ulertake the examination becau$8 l am a rnember of ICAEW, which is one of the listed b¢x4ies. I have completed my examination. I can ¢onfimi that no matters hayE come lo my attentn connection with the examination giving me cause to believe_. accoting records were not kept in respect of the company as rffjuired by section 386 of the 2C Act.. or the accounts do not accord with those records.. or the accounts do not comply with the a¢counling requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fai¢ vth¥ whth is not a matter considered as part of an indepèndent examination., or the accounts have rsot been prepared in accordarfr¢e with the methods and principles of the Statement of Recommended Practic for accounting and reporting by charities applicab to charitS preparing their accounts in accofdance with the Financial Reporting Standard aF¢)h'cable in the UK and Republic of Ireland {FRS 10211. I have no concerns arKI have come across no other matters in connection with the examinalKJn to which attention shouhd be drawn in this ieport in order to enab a proper uThJerstanding of the accounts to be reached. Signed.. Dated: 26 Jur 2024 P M Landergan FCA For LaThJergan & Co Ltd London SE108EX Page 7
GREENWICH FOODBANK LTD {A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestricted Restricted funds fund5 2023 2023 Total lunds 2Q23 Tol81 funds 2022 Note INCOME FROM: Donations and lègaues Investsnents 907.592 3.217 38.270 945,862 3,217 591,442 169 TOTAL INCOME 910.809 38.270 949,079 591.611 EXPENDITURE ON.. Charrtable activities 6%,S43 57.171 753.714 4T3,096 TOTAL EXPENDITURE 696.543 51.171 753.714 4T3.096 NET INCOME I (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES 214.266 214.266 118.9011 118.9011 195.365 19S.365 118,515 118.515 NET MOVEMENT IN FUNDS RECONCIUATION OF FUNDS: Total funds brought forward 473.197 42.879 516.076 397.561 687.463 TOTAL FUNDS CARRIED FORWARD 23.978 711.441 516,076 The notes on pages 1110 21 fomi part of these finanaal statements. Page 8
GREENWICH FOODBANK LTD Compw Limiled by Guarantoe) STATEMENT OF FINANCIAL ACTIVMES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDEO 30 SEPTEMBER 2023 Unr•stric¢ed Restricted fvnds funds 2023 2023 Total fundg 2023 Total funds 2022 INCOME FROM: Donatrons and legacies Investrnents 907.592 3.217 945.862 3.217 591,442 169 TOTAL INCOME 910,809 38.270 949.079 591.611 EXPENDITURE ON.. ChariL3ble adNltie5 57.171 753.714 473,096 TOTAL EXPENDITURE 57,171 753,714 473.096 NET INCOME I (EXPENDMIRE) BEFORE OTHER RECOGNISED GfvJNS AND LOSSES NET MOVEMENT IN FUNDS 214,266 214266 118.9011 118,91111 195.365 195,365 178.515 118.515 RECONCILIATION OF FUNDS: Total funds brought foNard 473.197 41879 516.076 397.561 23.978 711.441 576,076 TOTAL FUNDS CARRIED FORWARD The notes on page5 11 to 21 fcffii part ofthese fmancial ststements. Page 8
GREENWICH FOODBANK LTD IA Company Limited by Guafantge) REGISTERED NUMBER: 08257431 BALANCE SHEET 8 AT 30 SEPTEMBER 2023 2023 2022 FIXED ASSETS Tangible assets CURRENT ASSETS Stocks Debtors 12 17276 10,280 13 14 109,642 15.558 574.522 17.758 13.536 474.957 Cash al bank and in hand 699.722 506.251 CREDITORS: annts falling due thin one year 15 (5.557) (455J NET CURRENT ASSETS 694.165 505. 796 NET ASSErs 711.441 516,076 CHARtrY FUNDS Restn"Cled furbds Unrestricted fund5 16 16 23.978 687.463 42,879 473, 197 TOTAL FUNDS 711,441 516.076 The compwws financial statements have been prepare(l in acGordan¢8 wtth the provisions applicable to companies subsecl to the small companies regiff. The TTUStees con5vJef that the company 15 entrled lo exempti the requirement to have an audit under the provisions of sectKsn 477 of the Companies Act 2¢XIS 1.the Acfl and members have rK)t required the company to obtain an autltt for Ihe year in question in a¢ance 7Mth section 476 of the Acl. The Ttee$ aLnowledge their respons1try1es for with the requirements of the Companie5 Act 2006 th respect to accwnting records and the preparation of financial statements. The financtal statements were approved and authNtsed for issue by the Twstees on 26 June 2024 signed on thfjir behalf. by: MrJ PAr¢her Mr S D Hicks The noles on pa9es 11 to 21 form part of these financial stslements. Page 9
GREEmCH F0008ANK LTD (A Company Lirnited by Gu•rnnt•e) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2023 2023 2022 Notè Cash fl¢)ws from operatlng a¢lSvltles Net Cash provided by OFeraling acbvitses 17 107.753 114.387 Cash flows from inv•sting aGtiviti•s: Omdends. inlerest and rents from inveslments Purchase of tsngible fixed assets 3.217 111.405) 169 (T04J N•t cash us•d in investing •¢dvities 18.188) (535) Chango in ¢ash and ¢ash equivalonts in the year Cash and cash equivalents h1 foThwd 99.$65 474.957 113.852 361,105 Cash and ¢ash equfvalents llIed forward 18 574.522 474.957 The notes on pages 11 to 21 form part L* these finan(ial statements.
GREENWICH FOODBANK LTD IA Company Umlted by GrnnIe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 30 SEPTEMBER 2023 ACCOUNTING POLICIES 1.1 Basis of preparatlon of finan¢lal slatwnonts The financial statements havo bw) prepared in accordartce wth Accounb"ng aTrJ Rep)rting by Charities.. Slalement of Recommended PractKe appli12ble to charibes preparing their accounts in accordance wrth Ihe Financial RepcM'ng Standar(1 applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151- (Charits SORP IFRS 1021). the Financial Reporbng Standard
plUb in the UK and Republ of Ireland (FRS 1021 arKI the Cornpan Act 21. Greenwich Fwdbank Lld meets the definit of a publK ben8fi1 enlity under FRS 102. Assets and liabilit5.es are initialty rec(qnised at hFstorr4 cost or trdn&Ktion value unless otheise slated in the relevant accounting policy. 1.2 Company status The company is a u)mpany limited by gu8rantee. The members of the company are the Twstees named on page 1. In the event of the company tiTNJ wound up. the liability in respect of the guarantee is limiled to £1 por member of Ihe CoMy. 1.3 Income Al inrne is recognised once the company has enliuement to the income. it is ble Ihat Ihg inGome ¥wJl be received and the amnt of income receivatrAe can be measured reliabty. For lggaaes. entillamgnt is taken as Ih8 $artier of the date on whth either. the company is aware that probate has been granted. Ihe estate has tjeen ffinalised and notification has been made by the execulor(s} to the Tiust that a dtstr1ti t made, or when a dtstribution is recENed from the estate. Recerpt of a legacy. in whole or in part. rs only considered prcthble when the amount ¢on be measured reliably a1 Ihg CLpanY has been notified of th8 executorfs intention to make a dislribulion. Where legS have been rKAified lo the company. ¢y Ihe company 15 aware of the grdnling of probale. and (he critena for re(y)gn.On have nol been mel, then the lega is treated as a o)ntingent asset and disdosed rf material. Grfts in kind donated for tribUtIon are lIled at valuation arml recwised as income when Ihey are distributed to the proiecls. Gits donated for resal8 are induded as income when they are sold. Donated facilities are induded al the Value lo the company ¥*there this can be quanlified and a third party is bearing the cost No amtyjnts a Indd in the finanaal statents for seTvice5 donated by volunteers. Income tax recoveratle in relaticn to donthns received Grft Aid deeds of covenanl is recognised at the time of the ¢Jonation. Page 11
GREENMCH FOODBANK LTD
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GREENWICH FOODBANK LTD (A Company Lknited by Guarnnle•) NOTES TO THE FIPIANCIAL STATEMENTS FOR THE YEAR ENOED 30 SEPTEMBER 2023 ACCOUNTING POUCIES l¢onlinu•d) 1.8 D•blors Trade other deblors are recognisad at the setuement amount after any trade disctyjnt offered. Prepayments are valued * the affmwnl prepa#J net of any trade discounts due. 1.9 Cash at Bank In hand Cash 8t bank and in hand Ind cash and shcrt tem hi9hty INJUKI investments with a short maturity of three months or less from the date of wuisition or opening of the deposit or similar acc(wnL 1.10 Llabllltles and provlslons Liablrties are legnised thert there is an oblKJation al the Balare Sheet date as a result of a past event, il is wobable that a transfer of enoMiC benefft wll be required in settlement, and the amount of the setuemenl can be estimale¢J rellay. Liabdib"es are fecognised at the arnount that the company anticipat¢$ rt wil pay to setlle the dgbl or the amount rt has re1¥ed as advanced payTnents for the go$ or SeThI it rnusl wovKle. Provisions are measured at the best estimate of the amounts required to setue the oblvjation. whe tr effect of the lime value of money is material. the promsion is based the present value of those amounts. discounted at the pre-tax discount rale that refiects the rtsks specific to the liability. The unwinding of the discount is recognise(I wIn interest paYae aThJ simdar chwges. 1.11 P•nsi¢)ns The company operates a defined contr"trArfi pengon scheme and the pens*Jn ctsrge represents the amounts payatle by the C¥)Nyny to the in respecl of the jr. 1.12 Fund a¢¢ounling Genefa funds are unrestricted funds which a availatrAe for use at the dis¢relh)n of the TnJstees in furtherance of the genera objectives of tho t))mpany and whhch haw not bean dèsignatgd for other purpose5. Reslrided fvnds are funds wthith are to be used in aczordance with SfiC restrictK)ns imwsed by donors or whith have been raised by the company for parIJClar KKJrrx)ses. The costs of raising and administering such fvnds are charged against the specific furnj. The aim and use of each restficted fund is set out in the notes to financial statements. Page 13
GREENbVICH F0008ANK LTD (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 INCOME FROM DONATIONS AND LEGACIES VnrnstTiCted Restricted funds fvnds 2023 2023 Total tund$ 2023 Totsl funds 2022 Da"OnS Grants Food dona1K$ in h'nd 216,703 70.094 620,795 216,703 108.364 620,795 176,024 122,298 293, 120 38370 Totsl donations arKI legacies 907.S92 38.270 945.862 591.442 Total 2022 478.076 113.366 591.442 The value of FThxl donations reflect large cff off (k)nlaions fn)m Tesco as in the Trustees report INVESTMENT INCOME Unr•stricted Restricted funds funds 2023 2023 Totsl funds 2023 Tot funds 2022 Investmenl inGcrfne- Ial cash 3217 3.217 Total 2022 169 169 DIRECT COSTS Total 2023 Total 2022 Opening Vaue of F¢xNJ Held Fo(MJ Donated Closing V81ue of Ftx)d Hekl (109.642) (109.642) 670.619 670.619 17,758 17.75 (17. 758) 332.295 79,918 578.735 578,735 334,455 Totsl 2022 334,455 334.455 Page 14
GREEMCH FOODBANK LTD (A Cofflpany Limited by Guarantee) NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 SUPPORT COSTS Total 2023 Total 2022 Actlviti06 Warehouse expenses Sundry expenses Telephone Postsgè and slalionwy PromolKJns Subscriptions Vehicle Tenlal PayToII lee5 Insurance Motor expens8S W8ges and salaries National insurance Pension c051 Depreciation 33.982 33.982 1.180 1.041 1664 4.210 1,591 14,025 432 1.155 27,901 797 2.291 2.052 114 14.723 432 2.430 2.664 4.2fO 1,591 14,025 432 1.155 ill 3,928 96.626 3,460 3,928 96,626 3.460 2.904 4.409 74.600 7, 792 2,083 3.374 4.409 171,607 171.607 138,593 Total 2022 138.593 138,593 GOVERNANCE COSTS Unrnstricted R?$trictsd funds funds 2023 2023 Total funds 2023 Total funds 2022 Governan ALKlitors' non audil ¢ctsts Annual Retum 2.472 2.472 48 3.372 3.372 Paoe 15
GREENWICH FOOD8ANK LTD (A Company LIMIt by Guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Staff costs Depre¢lation Other costs 2023 2023 2023 Total 2023 Total 2022 Direct costs- Fo(hJbank Expenditure on govemant 101990 642,943 3.372 750.342 3,372 473.048 48 101990 646,315 753,714 473,096 Total 2022 78,475 3.374 391.247 473.L6 TURNOVER None of the cLvnpans lun¥8r (2022 - NIL) attrilxtsble to gwgraphical markets outside th8 United KIngdOL NET INCOMEIIEXPENDITURE) This is slaled after charging: 2023 2022 Depreciation of tangble fixed assets: . owned by the charity 3.374 During the sear. no Trustees received any remunerdtion (2022- £NILI. During the yEar. no Trustees wew1 any benefits in kind12022- £NILI. During the year. no Trustees received any reimbrnment ofexpenses12022- £NIL). 10. Examiners Fee The Independent Exam1rS remuneration amounts to an IndepeTrJent Exarnination fee of £ 90012022- -), and other services were SUPFlied. of £ 42022- £
GREENWICH FOODBANK LTD {A Company Limited by Guarantee) P40TES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 11. STAFF COSTS Staff cA)sls were as fdlows.. 2023 2022 Wages and salaries Social security costs Other pension costs 96.626 74,600 1,792 2.083 2,904 102,990 78.475 The average numb8r of persMs emrAoJpd by th8 company during the year was as fo[s.. 2023 Mo. 2022 No. Warehouse No employee receiv&J remuneration amountiThJ to more than £60.0 in etlher Jr. 12. TANGIBLE FIXEO SSETs Planl and m•chlnery Computer equipment Total Cost At 1 October 2022 Additims 20,319 4,732 2.002 6.673 22.321 11.405 At 30 September 2023 25.051 8,675 33,726 Depreciation Al 1 October 2022 Charge for the year 11,380 2.673 12,041 4,409 1.736 At 30 September 2023 14053 2.397 16.450 Net book value At 30 Seplembef 2023 10.998 6.278 17276 At 30 September 2022 8.939 1.341 70.28Q 13. STOCKS 2023 2022 Food fi)r ¢thstribun 109.642 17.758
GREENWICH FOODBANK LTD IA Company Lirnit by Guarnntw} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 14. DEBTORS 2023 2022 Other debtors Prep8wnents and accrued InMe Tax recoveratde 1.022 3,498 11.038 11,496 15.SSB 73,536 1& CREDITORS: knounts falling du• within one year 2023 2022 Other creditors 5,557 455 16. STATEMENT OF FUNDS STATEMENT OF FUNOS- CURRENT YE*R B•lan¢e at Balanc• at 1 October 2022 Septombor 2023 In¢omo EXndIre Unr•strieted fvnd$ General Funds- all funds 473,197 0.809 1696,5431 687.463 Restricted fund5 Equipment Rordl Borough ol Greenwrth Motor Expenses OperatThis Managor 3.606 (948) {24.000) 117.953) 114.270) 24.000 39.273 21.320 14.270 42.879 38,270 {57,171) 23,978 Totsl of ld$ 51Q076 949,079 (753,714) 711.441 The Foodbank ctinueS lo benefit from the Royal 8orwh of Greenwich provi(ting the warehouse ren A grant of £14,270 w85 re(yved through the Tnwll Trust thal has been used lo support the Operatins Manager Page 18
GREENWICH FO¢)DBANK LTD (A Conwny Limitsd by Guarankn) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 16. STATEMENT OF FUNDS l¢ontinued) STATEMENT OF FUNDS- PRIOR YEAR Balance al 30 September 2022 Balance at 7 Cktober 2021 Income Exwdrfure General Fd$- all fvnds 382.753 478.245 (387.801) 473,197 Restrlcted funds Equipment Fo¢xI Royal Borough of Greenwith Motor Expenses Salary Support Packaging (1.202) (23.543) (23.333) (20. 727) (13,240) (3.250) 10,tXKI 13.543 23,333 39.273 13.240 3.250 14.808 113.366 (85.295) 42.879 SUMMARY OF FUNDS- CURRENT YEAR Balane• at 30 Septsmber 2023 Balan at l October 2022 Incom• Expenditure General funds R8Stricled funds 473,197 42.879 910.809 38.270 1696.543) 157.171) 687,463 23.978 516,076 949.079 {753.714} 711,441 SUMMARY OF FUNDS- PRK)R YEAR Balance 8t 30 September 2022 Balance 81 l October 2027 Income Expenditure General funds Restrted funds 382, 753 14.808 478.245 113.366 (387,801) (85.295) 473,197 42.879 397,561 591.611 (473.096) 516,076 Page 19
GREENWICH FOODBANK LTD (A Company Umlt•d by Guarnnlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEM8ER 2023 16. STATEMENT OF FUNDS l¢ontinu•dl 17. RECONCIUATION OF NEf MOVEMENT IN FUNDS TO c$m FLOW FROM OPERATING ACTiwnES 2023 2022 Nel income for the 5*8r las per stateffnI of Financial Acbwties) 195.365 118.515 Adjustment for. DepreCiatn charges Dividends. interest and rents from inveStrts Ilncreaseydecrease in stc¢ks Increase in deblors Increaselldecrease) uedito 4.409 13.217 (91.884 12.022 4102 3.374 (169) 2. 160 (5,847) (3,646) Net cash provlded by opwating actlvll 107.753 114.387 18. ANALYSIS OF CASH AND CASH EQU1VNTs 2023 2022 Cash in hand 574.$22 474.957 574.522 474.957
GREEPIWICH FOODBANK LTD (A Compary Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEIIBER 2023 19. RELATED PARTY TRW4SACTIONS Mr S Hicks Chair is al the Chair of the Tntssel Trust, Greenw¢h FcM)d Bank receives both Financial and non-financial support from the Tru5seLI Tt. under the same tems as other members of the Trussell Trust NeknL Any grant funding ap1¢allonS are considered in accordance wilh the Trussell Trust's grant making wlicy. and are judged on an equal basis lo applications from other members of the Tnjssell Trust nets¥ork. During the year a tolal of £39.270 was receNed being £2s.L for Greenwch Deb¢ CentrelGreenwtch CAP) note 20 and £14.270 for the Op8ralions Managor note 16.. 20. Conduit Funding During the year to 30 September 2023 £25.0 {2022 - £29.OWl was recwved. from The Twsell Trust and £20,IX)01£29.000) was lopred to the Debt Centre Greenwich Charity 1195721) also known as CAP Greenwich a charity we Wofk with and Ihis anv)unt was forwarded to them so al the year end a balance of £5,000 was due to them12022- £Nill. Page 21