Registered Charity Number :- 1152886
LONG EATON AND SAWLEY FOODBANK
TRUSTEES’ REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR END 31 March 2023
Long Eaton and Sawley Foodbank 165 Wilmot Street Sawley
Long Eaton
LONG EATON AND SAWLEY FOODBANK
CONTENTS
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FOR THE YEAR ENDED 31 March 2023
TRUSTEES' REPORT ....................................................................................................................................................... 3 INDEPENDENT EXAMINER'S REPORT ....................................................................................................................... 7 RECEIPT AND PAYMENT.............................................................................................................................................. 8 STATEMENT OF ASSETS AND LIABILITIES ........................................................................................................... 10 NOTES TO THE FINANCIAL STATEMENTS ............................................................................................................ 11
LONG EATON AND SAWLEY FOODBANK
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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2023
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and Administrative Details Charity no. 1152886 Principal Office
165 Wilmot Street
Sawley
Long Eaton
Nottingham
NG10 3EL Charity Trustees as of 31 March 2023
Helen Scott (Feb 2018 -)
Godfrey Graver (Nov 2017 -)
Andrew Prior April (2016-)
Samantha Tredwell (May 2018-)
Rona Gidlow (23 Apr 2020 -)
Mike Arnold (11 Nov 2021 -) Independent Examiners
AHBS Limited
Naylor House
Mundy Street
Ilkeston
Derbyshire
DE7 8DH
LONG EATON AND SAWLEY FOODBANK
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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2023
Bankers
National Westminster Bank plc
51 Market Place
Long Eaton
Nottingham
NG10 1JP
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Objectives and Activities Charitable Objectives
The object of the foodbank as set out in our Constitution is the prevention or relief of poverty in Long Eaton and Sawley and surrounding areas, in particular, but not exclusively, by providing emergency food supplies to individuals in need and/or charities, or other organisations working to prevent or relieve poverty. Summary of Main Activities
The core activity of the foodbank is the delivery of a four times weekly food distribution programme based on the principles of the Trussell Trust. This is linked to an advisory service which aims to guide clients to other organisations which may be of further help to them. Food is only normally distributed on production of a voucher from one of our voucher holders who have satisfied themselves of the genuine need of the person concerned.
We also support other charities whose objectives are similar to ours.
Achievement and performance Establishment of a Charitable Incorporated Organisation
The Long Eaton and Sawley Foodbank was set up in March 2012 as a sub-committee of the Parochial Church Council of St. John's Anglican Church, Long Eaton. It began to distribute food in September 2012. In July 2013 a Charitable Incorporated Organisation (CIO) was set up with a view to taking over the running of the foodbank. On 01st November 2013 the assets held by PCC in respect of the foodbank were handed over to the new body.
LONG EATON AND SAWLEY FOODBANK
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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2023
Volunteers
The foodbank is staffed mainly by volunteers, with an employed part-time manager.
53 volunteers work in various capacities in the store room or the distribution centre.
Additional assistance is also provided when supermarket collections take place.
These volunteers have received training suited to their respective fields. Voucher holders
Voucher holders are the means by which we verify that a need for food exists. The foodbank issues blank voucher forms to 112 bodies or institutions who are likely to meet people in their work who are in need of food. The forms are completed by the voucher holders and given to the person concerned, who brings them to the foodbank which issues a three day supply of food. The voucher holders are aware that this is not our policy to distribute food to any one person on a long term basis. We believe that it is important that clients become established in a viable, long-term situation, whether on the befits system or otherwise, as quickly as possible. Donations
Donations are received either in cash or food. During the twelve months to 31st March 2023 unrestricted donations recognised on the financial statements totalled £48,921 (£33,118 - 2022).
In the twelve months to 31st March 2023, food donations were 38,030.41kg (39,117.59kg - 2022).
In the twelve months to 31st March 2023 we have distributed 36,501.77kg (37,333.28kg - 2022) of food.
Financial Review Financial Management and Reserves Policy
The financial management of the Foodbank is in the hands of the Trustees who review the financial position at each meeting when the treasurer reports details of cash receipts and payments. A report detailing food donated and distributed and stock levels is presented at each meeting along with vouchers fulfilled.
At present time, the Foodbank's reserves are adequate for its needs and equate to more than 60 months expenditure. The Trustees feel that this level of reserve is needed at this stage in the life of the Foodbank to give flexibility in future planning and relocation.
Financial Performance
The twelve months to 31st March 2023 showed a surplus Income over Expenditure of £57,339 (£13,571 - 2022)
Income
Income totalled £81,421 (£33,243 - 2022). Of this, Donations amounted to a total of £48,921 (£33,118 - 2022), Grants of £29,030 (£125 - 2022) £23,861 that are restricted, Gift Aid £3,320 (£0 - 2022). Expenditure
Expenditure totalled £24,250 (£19,672 - 2022) Current Assets
The bank account balances as at 31st March 2023 were £171,155 (£113,390 - 2022) in total.
LONG EATON AND SAWLEY FOODBANK
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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2023
Fund Materially in Deficit
There are no funds in deficit, and the Trustees have not identified any major risks to which the Foodbank is exposed.
Structure, Governance and Management Governing Document and Constitution
The Foodbank is a Charitable Incorporated Organisation registered on 16th July 2013. Our constitution is based on the Charity Commission "Foundation" model and we adopted on 13th July 2013. Trustee Selection and Management
Trustees are appointed for three years and can serve for two terms. The selection of new trustees is in the hands of the current trustees. The appointed trustees meet quarterly for the purpose of managing the affairs of the foodbank.
Related organisations
The Long Eaton and Sawley Foodbank is part of the Trussell Trust network and subscribes to the aims and mission of that charity. In return for the annual subscription we receive guidance, training and advice. The Trussell Trust produces and Operating Manual and also operated a Data Collection System online which benefits both ourselves and the Trussell Trust.
LONG EATON AND SAWLEY FOODBANK
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INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 March 2023
Independent Examiner's Report to the trustees of Long Eaton and Sawley Foodbank
I report to the trustees on my examination of the financial statements of Long Eaton and Sawley Foodbank for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed."
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
S.T.Robinson FCPA
AHBS Limited
Naylor House
Mundy Street
Ilkeston
Derbyshire
DE7 8DH
LONG EATON AND SAWLEY FOODBANK
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RECEIPT AND PAYMENT
FOR THE YEAR ENDED 31 March 2023
| Categories Receipts Donation and gifts General grants provided by Government/other charities Gift Aid Other Sub total(Gross income for AR) Total receipts Payments Charity running cost Employee costs Advertising and marketing Printing and stationery Depreciation Charge for the Year - Fixtures & Fittings Accountants fees Wages and salaries Subscriptions Sub total Asset and investment purchases Fixtures & Fittings - Additions - Cost Sub total Total Payments |
Unrestricted funds Restricted funds Endowment funds Total funds Last year 48,921 - - 48,921 32,060 5,169 23,861 - 29,030 1,183 3,320 - - 3,320 - 150 - - 150 - 57,560 23,861 - 81,421 33,243 |
|---|---|
| 57,560 23,861 - 81,421 33,243 |
|
| 7,275 2,895 - 10,170 10,685 2,916 55 - 2,971 - 101 - - 101 - 143 - - 143 969 42 - - 42 - 494 - - 494 - 9,162 501 - 9,662 7,983 541 - - 541 35 20,674 3,451 - 24,124 19,672 168 - - 168 - 168 - - 168 - |
|
| 20,842 3,451 - 24,292 19,672 |
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RECEIPT AND PAYMENT
LONG EATON AND SAWLEY FOODBANK
FOR THE YEAR ENDED 31 March 2023
| Net of receipts/(payments) Cash funds last year end Cash funds this year end |
36,718 20,410 - 57,129 13,571 16,615 (3,044) - 13,571 |
|---|---|
| 53,333 17,366 - 70,700 13,571 |
LONG EATON AND SAWLEY FOODBANK
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STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 March 2023
| Categories | Details | Unrestricted funds | Restricted income funds |
Endowment funds |
|
|---|---|---|---|---|---|
| Cash funds | |||||
| Cash at bank and on hand |
142,802 | 28,353 | - | ||
| Total Cash Funds | 142,802 | 28,353 | - | ||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||
| Assets retained for the | |||||
| charity’s own use | |||||
| Fixtures & Fittings - Additions - Cost |
Unrestricted Funds | 168 | |||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||
| Liabilities | |||||
| Taxes payable | Unrestricted Funds | 183 | |||
| Other creditors | Unrestricted Funds | 548 |
The financial statements were approved by the Board on 30-Apr-2024 and signed on its behalf by:
Helen Scott Chairperson
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
1 Accounting Policies
1.1 Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.2 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.3 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.4 Income from donations or grants
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal offer is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
1.5 Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
1.6 Expenditure
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
LONG EATON AND SAWLEY FOODBANK
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
1.7 Taxation
The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year.
1.8 Fund accounting
Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
1.9 Tangible fixed assets
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Name Rate (%) Year Method
BIG DUG Shelving 25% 2022/23 Reducing Balance
Note: Provide an option to increase rows as per user requirement.
We have to provide the above tabular form in the accounting policy screen to enter details manually and upon saving the data, it should appear in the report without headings.
LONG EATON AND SAWLEY FOODBANK
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
2 Income from Donations and Legacies
| Analysis Donation and gifts General grants provided by Government/other charities Gift Aid Other |
Unrestricted funds Restricted income funds Endowment funds Total funds 2023 Total funds 2022 £ £ £ £ £ 48,921 - - 48,921 32,060 5,169 23,861 - 29,030 1,183 3,320 - - 3,320 - 150 - - 150 - |
|---|---|
| 57,560 23,861 - 81,421 33,243 |
Donations are received either in cash or food. During the twelve months to 31st March 2023, donations recognised in the financial statements totalled £77,911 (£33,243 - 2022)
In the twelve months to 31st March 2023 food donations were (39,627.99kg - 2022)
In the twelve months to 31st March 2023 food distributions were (37,333.28kg - 2022)
LONG EATON AND SAWLEY FOODBANK
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
3 Expenditure on Charitable Activities
| Analysis Charity running cost Employee costs Advertising and marketing Printing and stationery Wages and salaries Subscriptions Support Costs |
Total funds 2023 Total funds 2022 £ £ 10,170 10,685 2,971 - 101 - 143 969 9,662 7,983 541 35 494 - |
|---|---|
| 24,082 19,672 |
4 Support Costs
Total funds 2023 Total funds 2022 Analysis £ £ Governance Costs Accountants fees 494 - 494 -
5 Other Expenditure
| Analysis Depreciation Charge for the Year - Fixtures & Fittings |
Unrestricted funds Restricted income funds Endowment funds Total funds 2023 Total funds 2022 £ £ £ £ £ 42 - - 42 - |
|---|---|
| 42 - - 42 - |
LONG EATON AND SAWLEY FOODBANK
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
6 Tangible Fixed Assets
| 6.1 Cost or valuation At 01 April 2022 Additions Disposals Revaluations Transfers At 31 March 2023 01/04/2022 Big Dug - Shelving at Sawley 6.2 Amortisation and impairments At 01 April 2022 Additions Disposals Revaluations Transfers At 31 March 2023 6.3 Net book value At 01 April 2022 At 31 March 2023 |
Fixtures & Fittings £ - 168 - - - |
|---|---|
| 168 | |
| Fixtures & Fittings £ - 42 - - - |
|
| 42 | |
| Fixtures & Fittings £ - |
|
| 126 |
LONG EATON AND SAWLEY FOODBANK
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
7 Cash at bank and in hand
| Cash at bank and on hand | Total funds 2023 Total funds 2022 £ £ 171,155 113,930 |
|---|---|
| 171,155 113,930 |
8 Creditors: Amounts falling due within one year
| Total funds 2023 | Total funds 2023 | Total funds | Total funds | 2022 | |||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Taxes payable | 183 | - | |||||
| Other creditors | 548 | - | |||||
| 731 | - | ||||||
| 9 Charity funds | |||||||
| .1 Details of material | funds held and | movements during the | CURRENT | reporting period | |||
| Fund | Fund | ||||||
| Fund names | balances brought |
Income | Expenditure | Transfers |
Gains and losses |
balances carried |
|
| forward | forward | ||||||
| £ | £ | £ | £ | £ | £ | ||
| Unrestricted funds | |||||||
| 77,063 | 57,560 | (20,675) | - | - | 113,948 | ||
| Restricted income | |||||||
| funds | |||||||
| 36,867 | 23,861 | (3,451) | - | - | 57,277 | ||
| Total | 113,930 | 81,421 | (24,126) | - | - | 171,225 |
9 Charity funds
9.1 Details of material funds held and movements during the CURRENT reporting period
LONG EATON AND SAWLEY FOODBANK
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
9.2 Details of material funds held and movements during the PREVIOUS reporting period
| Fund | Fund | |||||||
|---|---|---|---|---|---|---|---|---|
| Fund names | balances brought |
Income | Expenditure | Transfers | Gains and losses |
balances carried |
||
| forward | forward | |||||||
| £ | £ | £ | £ | £ | £ | |||
| Unrestricted funds | ||||||||
| 60,448 | 33,118 | (16,503) | - | - | 77,063 | |||
| Restricted income | ||||||||
| funds | ||||||||
| 39,911 | 125 | (3,169) | - | - | 36,867 | |||
| Total | 100,359 | 33,243 | (19,672) | - | - | 113,930 |
9.3 Transfers between funds
This Year
| Amount | ||
|---|---|---|
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - | |
| Last Year | ||
| Amount | ||
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - |
LONG EATON AND SAWLEY FOODBANK
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
10 Transactions with trustees and related parties
10.1 Trustee remuneration and benefits
This year
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)
True
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
| Name of trustee | Legal authority (eg order, governing document) |
Amountspaid or benefit value | Amountspaid or benefit value | Amountspaid or benefit value | Amountspaid or benefit value |
|---|---|---|---|---|---|
| Remuneration | Pension contribution |
Redundancy (including office)/ex gratialoss of |
Other |
||
| £ | £ | £ | £ | ||
Please give details of why remuneration or other employment benefits were paid. Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.
LONG EATON AND SAWLEY FOODBANK
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
Last year
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)
True
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
| Name of trustee | Legal authority (eg order, governing |
Amountspaid or benefit value | Amountspaid or benefit value | Amountspaid or benefit value | Amountspaid or benefit value |
|---|---|---|---|---|---|
| Remuneration | Pension contribution |
Redundancy (including loss of office)/ex gratia |
Other |
||
| £ | £ | £ | |||
Please give details of why remuneration or other employment benefits were paid. Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.
10.2 Trustees' expenses
If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter 'False'.
| No trustee expenses have been incurred (True or False) | |
|---|---|
| Type of expenses reimbursed | Thisyear |
| £ | |
| Travel | 650 |
| Subsistence | |
| Accommodation | |
| Other(please specify): | |
| Total | 650 |
Please provide the number of trustees reimbursed for expenses or who had 2 expenses paid by the charity
LONG EATON AND SAWLEY FOODBANK
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
10.3 Transaction(s) with related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter true in the box provided.
This year
| There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | True | |
|---|---|---|---|---|---|---|
| Name of the trustee or related party |
Relationship to charity |
Description of the transaction(s) |
Amount | Balance at period end |
Provision for bad debts at period end |
|
| £ | £ | £ | ||||
In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.
For any related party, please provide details of any guarantees given or received.
Last year
There have been no related party transactions in the reporting period (True or False)
True
| Name of the trustee or related party |
Relationship to charity |
Description of the transaction(s) |
Amount | Balance at period end |
Provision for bad debts at period end |
|---|---|---|---|---|---|
| £ | £ | £ | |||
LONG EATON AND SAWLEY FOODBANK
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.
For any related party, please provide details of any guarantees given or received.