Rogistered number: 08257431
Charity nuM￿r. 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 AdmInIstr￿v* 0•tr￿S 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 L￿lled 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 {res￿ned 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 mol￿eVx. 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
Indo￿nd•￿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 Re￿rt and financial statements of the
company comply with the current statutory requirements. the requifements of the ￿MPan*S 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 u￿late 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 parti￿￿aT 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 Pri￿l￿Se 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 0￿rational
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 acc￿thn9 to availability of y￿unteerS throughoul the
period wth the avan￿aL 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 offr￿d came in". 219,446.17 KG of fr￿ was distributed.
Totsl number of f(￿lbank beneficiaries: 9.887 ad￿tS 7.094 chihdren were fed giving a total of 16.981 people
fed.
Total numbor of vouchw holders.. 8.104 Vouc*ws **re rAued and 6,524 Vouchws were rodeem8d.
Groenwich Foodbank t￿k part in the Yesco 8ulk 2023" wlot scheme in which Trussell T￿￿t 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 re￿rted below as £670.619 against expenditure arKI rellected further as income.
During the period we CA)ntinued to maintain the n￿ber of put￿￿ donatts)n prynts in (ivi¢ buiklings and in mapr
Supomiatkets. The rolationships wrth Teso) and ASOA are pa￿￿larlY 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 pO￿ts to indude all libraries and communty cenlres across the borough. The
regular Harvest Prografflme with the ￿hC￿5 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 inikn*Nes. coll?borations and reviews related to foc*J 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 adv￿le 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 W￿k1 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 aCtI￿ty and Ca￿ts1 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 P8￿ments 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 UF*Jating the reserwes. investment and cash
policies and procedures for the next reportiThJ year.
Flnanclal revlew
a. GOING CONCEI
After making appropriate er￿ViTIeS, induding the posSi￿e long temi impact of Covid-19 might have, Ihe Trustees
have a ieasonable eXpe￿￿K)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[X￿siblIty of the Trustees who are elected and co-opted under the
tem)s of the Artides of Ass￿latiOn.

GREENWICH FOODBANK LTD
(A Company Limited by exwrantee)
TRUSTEES. REPORT I￿ntInued)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
c. ORGANISATIONAL STrUCTURE AND DECISION MAKING
The Trustees sel the strategic directton of the organ￿alK)n and collectively make doc1s￿nS that delermine the
strategy. The Trustees have devolved the IYa￿l￿day 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 STATEMep*T
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 fina￿31 ststements in accordance wittt applicabbe law
an¢J United KI￿￿1 Acoyjnting Standards (United ￿r￿dorn G*)eralty A￿epted Accounting Pra¢ticel.
Company law requires the Trustees to p￿￿8 fina￿lat 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 suilal￿e ac¢ounting p)IKies aThJ then ￿ them ￿MS￿stenty.
obSe￿e the methTrJs and principles in the Chwities SORP..
make I￿￿9ments 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
reaSona￿e steps for the prevention arbd detect￿ of fraud and other irrtgularibes.
This reF*Xt vrds apwoved ty the Tntstees, on 26 June 2024 arKI sNJned on their behalf by.
Mr J P Archer
Tnjstee
Chair

GREEN￿cH FOODBANK LTD
(A C￿nY 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
'coMpan￿1
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 t**ly. 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 sl*e trj them in an Inde￿ndent 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 convn￿ts Trustees as a tKNty. for my wcwk or fly th18 report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Tnjstees of the company (a￿j 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 M￿ell 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 CoMpan￿S
accounts carried ¢yJt under section 145 of the charib.es Act 2011 llhe 2011 Acf). In caffying out my examination
I have frAlowed the t￿reCtionS 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 U￿lertake 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 attent￿n ￿ connection with
the examination giving me cause to believe_.
acco￿ting 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 charit￿S 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: an￿nts 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 T￿￿tee$ aL*nowledge their respons1try1￿es 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

GREEm￿CH 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 G￿rnnIe*)
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- (Charit￿s 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 othe￿ise 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 t*iTNJ wound up. the liability in respect of the
guarantee is limiled to £1 por member of Ihe CoM￿y.
1.3 Income
Al in￿rne is recognised once the company has enliuement to the income. it is ￿￿ble Ihat Ihg
inGome ¥wJl be received and the am￿nt 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 dtstr1￿ti￿ 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 a￿1 Ihg CL￿panY has been notified of th8 executorfs intention to make a
dislribulion. Where leg￿S 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 ￿lI￿led 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￿ Ind￿d￿ in the finanaal state￿nts 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
(A C<xnpany Llmlt•d by Guarantsel
P40TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
ACCOUNnNG POUCIES Icont5nu•dl
1.4 ExPendI￿r•
Expenditure is recc#Jnised once there is 8 legal or constnKtive obligation to transfer economic
benefft to a Ihtrd party. it i8 probaile that a Iransfer of economic benefits will be required in
settlement and the amwnt of the otAigation can be measured re1k￿y. Expendilure is dassrfied by
activity. The CA)sts of each aclivity aro made up of the total of direct costs and shared costs.
induding SUp￿rt costs invcthd in undertaking each activtty. Dired costs attributab￿ lo a single
acb"¥ity are ￿lOCated diredy to that acbvty. Shared costs contn'bute to more than one activity
8nd support costs which are not attribulable to a single activty are aprnione(I bgtsveen those
activib.es on a basis COr￿lstent with Ihe use of resLwrce& Central staff costs are alFocated on the
basis of time spent. and dep￿la1th charges alh)c8ted on Ihe wtw)n of the assefs use.
Support costs are those costs incuThed th"recty in $UPF￿1 of expendilvre on the objects of the
company and include project management carried out at Hewjquarters. Govemance ￿$ts are those
incurred in connection with administr*ion of Company and compliarKe wilh constilubonal and
ststutory requirements.
Charitsble adtvibes aNI Governan￿ costs are costs incurred on the companys educalional
operalK)ns. induding supwwt costs and costs relati￿ to the ￿￿eMan¢• of the company apportioned
to charitable activitses.
1.5 Tangible fixed assets and depreciation
AU assots o)sting more than £5(￿) ore rapitalised.
A re¥￿W for impairment ol a fixed asset is carried ¢JJt rf events or changes in circumstances indicate
thal the caThwng value of any fixed asset may nol be recoverab￿. Shortlalls beh¥een the carrying
value of fixed assets and their recoverable amounts are recognised as impaiments. Impaiment
losses are rewmsed in Ihe Slat¢ment of Fin8no* Athit*s i￿￿rpOrating IncA>me and Expenditure
AcccNJnt
Tangible fixed assets are carrFed at cost. net of depreuation aTrJ any prowsion for impairment.
Depreciation is pmvided at rates calculated lo wite off the Lx)st of fixed assets. less their estimated
resKlual va5ue. over their expecW useful lives ￿ lh8 fol(ywing ba
Pianl and machinery
Computer equIw￿nt
Reduryng balance 25%
Straigtit Line 2LPh
1.6 Inl•rnst r¢uivabl•
Interest on funds held depogt is induded when re(zrvable and the amount ￿ be measured
rella￿Y by the company. this is rv)nnaMyupon Th)tificatitM of the interesl paKt or payable'by Ihe Bank.
1.7 Stsrks and wwk in progr•ss
Stocks arKI work in progress are valued al the lower of cost and net realisatle value after making
due allowance ￿ obsolete and sIo￿r￿)vIng stwks. Cost indudes all direct costs and an
appropriate Fw4)rtion of fixed and variable overheads.
P￿8 12

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 le￿gnised *thert there is an oblKJation al the Balar￿e Sheet date as a result of a past
event, il is wobable that a transfer of e￿noMiC benefft wll be required in settlement, and the
amount of the setuemenl can be estimale¢J rella￿y. Liabdib"es are fecognised at the arnount that the
company anticipat¢$ rt wil pay to setlle the dgbl or the amount rt has re￿1¥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 wI￿n interest paYa￿e 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 j￿r.
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 S￿fiC restrictK)ns imwsed by
donors or whith have been raised by the company for parIJC￿lar 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
D￿a￿"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- I￿al 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

GREEM￿CH 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.L￿6
TURNOVER
None of the cLvnpan￿s lun￿¥8r (2022 - NIL) attrilxtsble to gwgraphical markets outside th8 United
KIngdO￿L
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 Exam1r￿￿S 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 J￿r.
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 ¢thstribu￿n
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 In￿Me
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 EX￿ndI￿re
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 l￿d$
51Q076
949,079
(753,714)
711.441
The Foodbank c￿tinueS 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 F￿d$- 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
Restr￿ted 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 stateff￿nI of Financial Acbwties)
195.365
118.515
Adjustment for.
DepreCiat￿n charges
Dividends. interest and rents from inveStr￿ts
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 EQU1V￿NTs
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 T￿￿t. under the same tems as other members of the Trussell
Trust NeknL Any grant funding ap￿1¢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 lop￿red 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