Charlty reglstration number 1153297 IEngland and Wales) STRATFORD-UPON-AVON FOODBANK ANNUAL REPORT AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
STRATFORD-UPON-AVON FOODBANK LEGAL AND ADMINISTrAllvE INFORMATION Trustees D Logan C Collins H M Hedger N Hounsell M G Langlev A Turner Kjones G Dryden K Rolfe Jutila Charfty number 1153297 Prfnclpal address Fred Winter Centre 41 Guild Street Stratford-upon-Avon Warwickshire CV37 6QY Independent examlner Burgis & Bullock 23-25 Waterloo Place Leamington Spa Warwickshire CV32 5Lq Bankers HSBC Bank PLC 13 Chapel St Stratford-Upon-Avon Warwickshire CV37 6
STRATFORD-UPON-AVON FOODBANK CONTENTS Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 10-22
S[RATFORuPON-Av0N FOODBANK TRUSTEES, REpoKr FOR THE YEAR ENDED 30 NOVEMBER 2024 The Trustees present their annual report and financial statements for the year ended 30 November 2024. The financ5al sLitements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparlng their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102}" (effertlve ljanuary 20191. ObJecthS and activitles Public benefit The Trustees have paid due re8ard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The objects of the CIO are the prevention or relief of poverty in Stratford-upon- Avon and surrounding aa5 in particular but not exclusively by providing emergency food supplies to individuals tn need and/or charities, or other organi5ation5 working to prevent or lIeVe poverty. Attivities In January 2024. we dlstU55ed and confirmed that our Strdte8ic Plan remaln5 allgned with our Charltable Objects. ision: To provide emergency food and support in Stratford-upon-Avon and surrounding a35 for people in need. and to work with partners to pvent and relieve poverty. (r Two Core Strate8les: Effective provision of emergency food parcels and support for people in crisis/need Work with partners to understsnd and help alleviate the root causes of poverty We are now implementin8 our key plans to deliver these strategles, with details found below. Athlevements and perfomiance 202312024 has been another busy year with the followin8 key metrics: No material change in food parcels distributed, although we fed slightly le55 children {22123 1927 chIldn vs 23124 1882 children1-2%) 5.264 parcels were dlstributed in the year compared to 5,244 in the prlor year Donations recelved during the year amunted to 50.5 tonnes of stock In addition we purchased stock- 15.3L includlng 4.7t fh food Our Artivities can be grouped into three areas: 11 Food distribution and home deliveries Until the end of August 2024 the rnajority of our food was dlstributed from our base at the Fred Winter Centre. On 23 August 2024 we stopped distributing from the Fred Winter Centre and added two additional pop-up distribution locations at The Ken Kennet Centre and Escape Arts. Together with our weekly popup session5 at Bishopton. an outer district of the town, and Meon Vale. a rural area sorne 7 miles outside of town, this meant we were distributin8 from five weekly se55ions at four different location5.
STRATFORD-UPON-AVON FOODBANK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 l) Food distribution and home deliveries continued We have continued to offer a home delivery service for those clients unable to get to our base or able to carry food parcels back home. In 2023/2024 we made 454 home deliveries, feeding 1,052 people, compared to 487 deliveries and 1,229 people in the year before- a slight decrease in both the number of dellveries and people fed. We have continued with our Support Agency Spotlight, where agencles attend some of our distribution sessions to help provide further support to clients attending. This is all meeting our objective to help alleviate some of the root cau5e5 of poverty which our clients are experiencing. 21FoodSu l andstora Our main warehouse has been very busy throughout the year, and wlth the hlgher demands {which have outstripped donations), we have increasingly needed to purchase food. At the end of the financial year, we were holdin8 11.2t of stock compared to 9.2t at the end of the previous financial year (due to successful supermarket food drives in13te November). We have undertaken two Stock checks during the year, the most recent taking place immediately prior to us movin8 our distribution of food parcels from the Fred Winter Centre. Pro ects Durlng the year we contlnued to provide the following: a. Mone Advice Pro ram MAP Financial Inclusion Our Financial Inclusion support has continued to be in great demand. This was run in partnership with Citizens Advice South Warwickshire for the period to 30 September 2024, and subsequently from 25 November 2024 with Coventry Independent Advice Service. Both projects have been funded through the generous funding of the Tru55ell Trust and despite facing some operational challenges, we have continued to deliver positive results for our clients. a. Fresh Food Our fresh fruit and vegetables provision continues to be popular with most of those receiving a food parcel opting to accept what is offered. During the reporting year, the majority of our parcels included some fruit and vegetables with over 4.7t distributed. With minimal wastage and much POSltive feedback from clients, we have no plans to stop providing this option. Christmas Ham ers This year we dellvered 458 hampers13.lt stock), fulfilling every nomlnatlon received. These included book token5 as a Christmas gift for all children which wa5 very well received. We had carried forward funding from both Municipal Charities and Heart of England Community Ener8y from Christmas 2023, whlch supported us for Christmas 2024. School Holida Lunchboxes With the support of a Warwickshire County Council Local Welfare Scheme grant, we distributed lunchbox hampers over the six-week summer holiday period, during the February, May and October half temi holidays and the Easter holidays, benefitlng 368 children.
srRATFORD-UPON-AVON FOODBANK TRUSTEES, REpoirr (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Finandal review Reserves poliry This year has seen a number of changes with our move to a reSed distribution model and our search for more suitsble premises to meet our future needs. This coupled with a drop in food donations and the subsequent need to buy more food has meant increased costs and reduced income. Despite this, we made a surplu5 for the year of £34k and the following outlines some of the key points of note: Food Su Whilst our food donations fell by around IO%. numerous organlsatlons and businesses gave monetary support. many highlighting thelr interest in our fresh food offers. Thls enabled us to fund all our food purchases for the year, including our lunchboxes in the school hollday5 and Christmas hampers. b. Unrestricted Donation5: We are Incredibly grateful for the support of local churches, schools, businesses, charitable organizations, councils and local people to help us to fund our operating costs which in 2023124 amounted to £IOOk. b. Restricted Grdnts: Trussell has remained a key provider of grants during this financial year, however we know that some of this will cease during 2025 wlth our Pathfinder funding for our Foodbank Manager and part-time Development Worker coming to an end. Our funding from the Heart of England Community Foundation Inclusive Communities Fund has part-financed our Volunteer Manager post for one year and the National Lottery - Awards for AIS funding, fInand our food parcel collection point at Meon Vale. Our year ended with securing three-year core c05t funding from Heart of England Community Energy for our Dlstribution operation includin8 salary costs for the part-time posts of Assistant Manager/Operational Lead, Distribution Session Lead, two Van Drivers and, when secured, a new Distribution Centre. b. Runnin Costs: We have continued to manage costs carefully wlth the most marked increases in staff cost5 linked to our satellite distribution sessions previously mentioned. This has resulted in increased 5alarie5, premises {when secured) and transport costs which will now be met by our Heart of England Community Energyfunding. The Impact of the above has been an increase in our overall reserves to £360k. Of this, £66k relates to monies received towards restrirted projects and £57k is advance payments ti)wards performance related grants. During the year the Trustees vieWed our Reser4*es Strategy taking note of our 3 year strategic plan and in light of our significant reliance on our many supporters to provide food and cash donation5 at a tirne of increasing economic pressure. We agreed to set aside £ICMJk to ensure our ability to continue to meet the potential demand5 on us, for at least a year. Thi5 would give us time to review our c05ts1income. takin8 necessary attion5, whi15t continuing to deliver our much needed services should the need arise.
STRATFORD-UPON-AVON FOODBANK TRUSTEES, REPORT (CONTINUED) FOR ThE YEAR ENDED 30 NOVEMBER 2024 Strutture. governance and management The tharity is a charltable incorporated organisation estsblished under a constitution signed on 24th July 2013. The Trustees who serd during the year and up to the date of stgnature of the financial statements were: P Dickinson (Resigned 21 June 20241 D Logan C Colllns L Davies H M Hedger N Hounsell M G Langley A Turner K Jones G Dryden K Rolfe l Jutila (Resigned 9 April 2024) (Appointed 11 November 2024) (Appointed 11 November 2024) (Appointed 11 November 20241 (Appointed 11 November 2024) Recruitment ond appointment of trustees Four new Trustees were appointed during the year following a recnjitment process (supported Jv Trusselll including local advertising, initial screening and interviews. Appointment was then determined by unanimous approval of the existing Trustees. During the year we have seen a number of other changes to our Twstees. In June 2024 Phil Dickinson, Chair of Trustees advised of his intention to stsnd down and Davina Logan was elected as Cha¢r, taking over in June 2024. and continuln8 as Secretsry. Neal Hounsell was elected as Vice-chair. We have continued to make good progress in our Governan, reviewing and approving in the year the following policies: Whistleblowing Policy Computer/Emailllntemet and Social Media Policy Financial Controls Data Retention and Disposal Policy Priwdcv Policy Fundraising Policy ACptsnce and Refusal of Donations Policy None of the Trustees has any beneficial interest in the company. All of the Trustees are membets of the company and guarantee to contribute £1 in the event of a winding UP.
srRATFORD-UPON-AVON FOODBANK TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Organi5ationol structure Kate Morris, our Foodbank Manager has continued to work tirelessly to Strengthen our operation and progress our Pathfinder project. There have been multiple challenges throughout this pOrting year which Kate has tackled, demonstrating huge resillence and strong leadership. We are very appreciative of her hard work and commitment. In March 2023 we appointed an Assistant Manager and Operational Lead on a part-time basis (4 dayslweekl, and then in October 2023 we appointed a Pathfinder Development Officer on a part-time basis13 daysl weekl, enabled by funding by Trussell on our Pathfinder project. To enable us to launch and run our satellite distrlbution model, we recruited three new part-time staff posts: Distrlbution Session Lead, and two van drivers who joined us in August 2024 ready for the launch of our new parcel collection sessions In local community settings from 27 August 2024, In July 2024 with the support of the Heart of England Community Foundation - Inclusive CommunÉties grant we recruited a Volunteer Manager on a part-time basis13 days/week} on a one-year fixed term contract. That role has been to support the recruitment, tralnlng and welkbeing of ourvolunteers. We have had a very challenging year and are completety indebted to the hard work and dedication of our staff team, who, without exceptlon, have risen to all the challenges they have faced and continue to deliver our service. They work tirelessly and cheerfully to support people within our community on a daily basis. often in very difficult circumstsnces. Over the last year we have had 170 volunteevs, contrlbutlng over 6,lJ)O hours of unpaid tlme. 1,91)) hours in our WahouSe, 1,800 hours on front line Distribution, with the remainin8 2,3(M)+ hours across food drives, supermarket collection5, home deliverie5. events and other initiatives. We remaln completely in awe of all the time given and the terrific work that our volunteers continue to undertake. The Trustees, report was approved by the Board of Trustees. D Logan Trustee Date: ....
STRATFORD-UPON-AVON FOODBANK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF sfRATFORD-UPON-AVON FOODBANK I report to the Trustees on my examination of the financial statement5 of Stratford-upon-Avon Foodbank {the charity) for the year ended 30 November 2024. Responsibilities and basls of report As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carryin8 Out my examination I have followed the Directions given by the Charity Commission under sertion 145151{b) of the Charities Act 2011. Independent examlner's ststement Since the charity's gross income exceeded £250,iJXI, the independent examiner must be a member of a body listed in settion 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examinatlon because l am a member of the Associatlon of Certlfied Chartered Accountants, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but ha5 now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Prartice. I have completed rny examlnation. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respett: accounting CordS were not kept in pec( of the charity as required by section 130 of the Charities Act 2011. the financial statements do not accord with those retords; or the financial statement5 do not comply with the applicable requirements concernlng the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial ststements 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 bè drdwn in this report in order to enable a proper understanding of the financial statements to be reached. Burgls & 8ullock 23-25 Watedoo Place Leamington Spa Warwickshire CV32 SLA Wende Hubbard FCCA Date: .
srRATFORD-UPON-AVON FOODBANK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 Current financial year Unrestrlcted Unrestrfcted Restricted funds funds funds general deslgnated 2024 2024 Total Total 2024 2024 2023 Income from: Donations and legacies Charitable activities 216,680 11,363 216,680 217.209 253,711 118,422 205,846 Total Income 228,043 205,846 433,889 372,133 Expendlture on: Charitable activities 230,653 169,113 399,766 309,277 Total expenditure 230.653 169,113 399,766 309.277 Net Income/lexpenditure) 12,610) 36,733 34.123 62,856 Transfers between funds {55,(DJl 55.OiXJ Net movement In fvnds (57,610) s5,1? 36,733 34.123 62,856 Reconclliation of funds: Fund balances at l December 2023 251.979 45,iYX) 28,963 325,942 263,086 Fund balances at 30 November 2024 194,369 100,000 65,696 360,065 325.942 The statement of financlal artivities includes aS18ains and losses recognlsed in the year. All Income and expenditure derive from continuing artivities.
STRATFORD-UPON-AVON FOODBANK STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 Prfor flnanclal year Unrestrfcted Unrestrfcted funds funds 8eneral desl8nated 2023 2023 Restrlcted fvnds Totsl 2023 2023 Notes Income from: Donations and legacies Charitable activities 253.711 13,326 253,711 118,422 105,096 Totsl income 267,037 105.096 372,133 Expendlture on: Charltable activities 223,317 85,960 309,277 Totsl expendlture 223,317 85,960 309,277 Net Income and movement in fvnds 43.720 19,136 62,856 Reconciliatlon of funds: Fund balances at l December 2022 208,259 45.000 9.827 263,086 Fund balances at 30 November 2023 251,979 45,000 28,963 325,942
STRATFORD-UPON-AVON FOODBANK BALANCE SHEET AS AT30 NOVEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 13,212 22,473 Current assets Stocks Debtors Cash at bank and in hand io li 26,549 7.020 377,748 21,790 25,423 353.883 411,317 401,096 Creditors: amounts talllng due within one year 12 {64,4641 197,627) Ilet current assets 346.853 303,469 Total assets less current liabilities 360,065 325,942 The funds of the charlty Restricted income funds Unrestricted funds- general Unrestritted fund5 - designated 16 65,696 194,369 ICK),LJJO 28,963 251,979 45,000 15 360,065 325,942 The financial staternents were approved by the Trustees on ... t.{.17.1.z D Logan Trustee
srRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting policies Charlty Inforniatlon Stratford-upon-Avon Foodbank is a charitable incorporated organisation, based in England and Wales, established by a constitution on 24th July 2013. The charity's principal address is Fred Winter Centre, 41 Guild StreeL Stratford, c37 6QY. 1.1 A¢countlng convention The f¢nant131 statements have been prepared In accordance with the charity's constitution, the Charitie5 Act 2011. FRS 102 "The Financial Reportlng Standard applicable In the UK and Republic of Ireland" ("FRS 102.1 and the Charities SORP "Accountin8 and Reporting by Charities- Statement of Recommended Practice applicable to charlties preparing thelr accounts in accordance wlth the Financlal Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. {effective I January 20191. The charity Is a Public Benefit Entity as defined by FRS 102. The charity ha5 taken advantage of the provision5 in the SORP for charlties not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and falr view. This departure has involved followlng the ststement of Recommended Prattice for charlties applying FRS 102 rdther than the version of the ststement of Recomrnended Practice which Is referred to in the Regulations but which ha5 slnce been wlthdrawn. The financial statements are prepared in stsrlin& which is the funttional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are Set out below. 1.2 Going concern At the time of approvlng the financial statements, the Trustees have a reasonable expectatlon that the charity has adequate resources to contlnue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basls of accounting in preparing the financial statements. 1.3 Charltsble funds Unrestrlcted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Deslgnated funds comprise funds whith have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the rinancial statement5. 10-
STRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL STATEMENTS IcoMfiNUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Ac¢ountlng pollcles (Contlnued) Restricted funds are subject to speclfic condition5 by donors or grantors as to how they may be used. The purposes and uses of the restricted funds aTe set out in the notes to the financial statements. 1.4 Income Income is re¢ogni5ed when the charity is le8ally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognlsed on receipt. Other donations are recognised On the charity has been notlfied of the donation, unles5 performance conditions require deferral of the amount. Income tax recoverable in relation to donation5 received under Gift Aid or deeds of covenant Is recognised at the tlme of the donation. Gifts in kind donated for distribution are Included at valuation, using the price per kilogram recommended by Trussell Trust and are recognised as income on receipt of the goods. During this year the price per kilogram was £2.3712023- £2.37). 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obli8ation to transfer economic benefit to a third party, it is probable that a transfer of economic benefrts will be required in settlement, and the amount of the obligatlon can be measured reliably. Expenditure is classtfied by artivity. The costs of each attivity are made up of the total of direct costs and shared costs. including SUPPOrt costs involved in undertaking each activity. Direct Costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one attivity and support costs which are not attributable to a single attivity are apportioned between those attivities on a basis consistent with the use of resources. 1.6 Tan8ible flxed assets Tangible fixed assets are initially measured at Cost and subsequently measured at tost OT valuation, net of depreciation and any impairment losses. Depreciation is recognlsed 50 as to V4Tite off the cost or valuatlon of assets less their residual value5 over their useful lives on the following bases: Fixtures and ftttings Motor vehicles 25% straight line 33% straight line The Bain or1055 arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying Nplue of the asset, and is recognised in the statement of financlal actlvities. 11
STRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Accountlng polkles (Continued) 1.7 Impalmient of fixed assets At each reporting end date. the charity reviews the carrying amounts of its tanglble assets to determine whether there is any indication that those assets have Suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impainnent loss (if any). 1.8 Food stock Stocks are valued using the price per kilogram recommended by Tru55ell Trust. Durln8 this year the prlce per kilogram was £2.3712023-£2.371. 1.9 Cash and cash equlvaleiits Cash and cash equivalents include cash in hand. deposits held at call with banks, fixed term deposits of twelve months and under, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. 1.10 Flnancial instruments The charity ha5 elected to apply the provisions of Sertion 11 'Basit Financial Instmments, and Sertion 12'0ther Financlal Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net arnounts psented in the financial statements, when there is a legally enforceable ri8ht to set off the recognised amounts and the is an intention to settle on a net basis or to realise the a55et and settle the liability simultaneously. Baskfinancla1•3ssets Basic financial assets, which include debtors and cash and bank balance5, are initially measured at transattion price including transartion costs and are subsequently carried at amortised cost usin8 the effective interest method. 12-
STRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (coMfiNUED) FOR 7HE YEAR ENDED 30 NOVEMBER 2024 Acwunting policie5 (Contlnued) Baslcflnonclol liabllftles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrdngement tonstitutes a financing transaction, where the debt inrtrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, Using the effectlve Interest rdte method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilitie5 if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised inwtially at tran5attion price and subsequently measured at amortised cost using the effective interest method. Derecognttlon offinoncial Ilabilltles Financial liabilities are derecognised when the charitVs contractual obli8ations expire or are dischar8ed or cancelled. 1.11 Retlrement beneffts Payments to defined contribution retirement benefrt schemes are charged as an expense as they fall due. Donatlons and le8acles Unrestrfcted Unrestrlcted funds funds general general 2024 2023 Donations and gifts Donated food stock 99.843 116,837 123,923 129,788 216.680 253,711 For the year ended 30 November 2023 253,711 13-
STRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Income from charitable arthrttles Unrestrlcted Restrltted funds funds 2024 2024 Total Unrestrirted Restrlcted funds funds 2023 2023 Total 2024 2023 Project work Services provided under contract 11,363 124,654 136,017 13,326 73,947 87,273 For provlsion of goods Performance related grants 81,192 81,192 31,149 31,149 11,363 205,846 217,209 13,326 105.096 118,422 Charltable tradlng Income Government grants totalling £15.614 {2023:£15,320) were received tn the year. 14-
srRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Expendlture on charltable actlvltles Project work provlslon of Total Project For work provislon of goods 2023 Totsl 2024 20Z4 2024 2023 2023 Dlrert costs Staff costs Depreciation and impairment Fees and subscriptions Rent and services Citizens Advice contract Purchase of goods Office costs Repairs and maintenance Motor and travel Costs Mlscellaneous Donated food and household goods 54,573 47,850 102.423 24,585 41,174 65,759 9,261 6,892 23,061 9,261 6,892 23,061 80,743 30,879 5,284 4,492 5,384 21,003 4,492 5,384 21.003 41,946 13,942 6,950 80,743 41,946 30,879 5,284 13,942 6.950 6.996 3,168 5.961 7.483 3.168 5,961 1,837 3,811 3,298 10.371 5,135 14,182 114,943 114,943 128.989 128.989 140,964 251,839 392,803 67,018 238.059 305,077 Share of support and 8¢)vemance costs (see note 51 Govemance 3.816 3,147 6,963 4.2 4,200 144,780 254,986 399,766 71.218 238,059 309,277 Analysls by fund Unrestricted funds - general Restrlrted funds 17,723 127.057 212.930 42.056 230,653 169.113 4,200 67,018 219.117 18.942 223.317 85,9&J 144.780 254,986 399,766 71,218 238,059 309,277 15-
STRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Support costs Support Governance 2024 2023 Independent examiner'5 fees Legal and professional 2.010 4,953 2,010 4,953 4,21XI 6,963 6,963 4,200 Analysed between Charltable activities 6,963 6,963 4,200 Trustees None of the Trustees (or any persons connected with them) received any remuneration during the year, and none were reimbursed travellin8 expenses (2023- one reimbursed £142). The avera8e monthly number of employees durin8 the arWas. 2024 Number 2023 Number Employment costs 2024 2023 Wage5 and salaries Social security costs Other pension costs 97.248 3.393 1,782 64,524 1,235 102,423 65.759 16-
STRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Employees (Contlnuedl There were no employees whose annual rernuneration was more than £60,000. Remuneration of key management personnel The rernuneration of key rnanagement personnel wa5 as follows: Ag8re8ate compensation 51,073 45,277 Taxation The charity is exempt from tsxation on its attivities because all its ino)me is applied for charitable purposes. Tanglble fixed assets Illllh Cost At l Oecember 2023 7,460 23,640 31,IC(I At 30 November 2024 7,460 23,640 31,100 Depreclatlon and Impalrnient At l December 2023 Depreciation charged in the year 2,627 7.801 8,627 9,261 1,460 At 30 November 2024 10.428 17,888 Carrylng amount At 30 November 2024 13,212 13,212 At 30 November 2023 1.460 21.013 22,473 10 Sto¢k5 2024 2023 Donated food5 held for distribution 26,549 21,790 17-
srRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 li Debtors 2014 2023 Amounts fallln8 due wlthln one year: Prepayments and accrued Income 7,020 25,423 12 Creditors: amounts fallin8 due vthhln one year 2024 2023 Notes Other taxation and social security Deferred income Accruals 2.393 57,090 4,981 1,299 92,128 4,2(M) 13 64,464 97,627 13 Deferred Income 2024 2023 Other deferred income 57,090 92,128 Deferred income Is Included in the financial statements as follows: 2024 2023 Deferred income is Included within: Current liabilities 57.090 92.128 Movements in the year: Deferred income at l December 2023 Released frorn previous periods Resources deferred in the year 92,128 {89,989} 54,951 46,500 146,5001 92,128 Deferred income at 30 November 2024 57.090 92,128 Deferred income relates to performance related grants where income is recetved before terms and conditions can be met. 18-
STRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 14 Ret1ment benefft schemes 2024 2023 Defined contrlbutlon sthemes Charge to profit or loss in respect of defined contribution schemes 1,782 1,235 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 15 Unrestrfcted funds- desl8nated These are unrestricted funds which are material to the charity's activities. Atl December 2023 Transfers November 2024 Designated fijnds 45,IKK> 55,0(K) I.000 Previous year: Atl December 2022 Trdn5fers At30 November 2023 Designated funds 45,000 45,OCIJ The trustees have designated these funds at a level equivalent to 12 months expenditure. This will ensure in the event of a Significant drop in funding, they will be able to continue the charity's activrties while considerdtion is given to ways in which additional funds maybe raised. 19-
sTRATFORuPON-Av0N FOODBANK NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 16 Re5trfcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Atl December 2023 Incomlng resources Resources At30 expended November 2024 Trussell Trust (MAP) project Trussell Trust- Sustainability Grant National Lottery- Meon Valley Heart of England- Volunteer manager Heart of England {Christmas Food Hampers) Municipals Charities (Christmas Hamper5} Tru5sell Trust Pathfinder 8rant Stratford Town Trust - MAP shortfall Other restricted funds 7,886 50.625 35.000 19.993 7,446 {58,511) 35,LXX) 14,472 (5,521) {7,446) 11,941) 14.982} {55,122) 111,3131 (24,277} 6,000 5,880 4,059 898 55,122 11,313 26,347 9,197 11,267 28,963 205,846 1169,1131 65,696 Prevlous year: Incomlng resources Resources At30 expended November 2023 December 2022 Trussell Trust { MAP) project Trussel Trust - Pathfinder Grant Heart of England (Christmas Food Hamper51 Municipals Charities { Christmas Hampers) Other restricted funds 958 48.875 25.072 {41,947) 125,072} 7.886 6.529 18,620 (6491 (18,292} 5,880 9,197 8,869 9,827 105,096 185,9601 28.963
sfRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (coKnNUED) FOR THE YEAR ENDED 30 IVOVEMBER 2024 16 Restrlrted funds {Contlnued) Tru55ell Trust Money Advke Project (MAP) - to fund our work with an external advice provider ICASW & latterly CIAS) to provide income maximisation advice and guidance to foodbank clients, to help them reduce their reliance on foodbanks and help maximise their income to ultimately help address their underlying causes of povertv. Stratford Town Trust - MAP shortfall - gap fundlng to help u5 5UPPOrt the above project as our costs to deliver the service a greater than the Trussell grant. Trussell Trust - Sustainability Grant - funding towards the rentsl costs of moving to new premises in Stratford, better suited to our and our customers needs. Natlonal Lotte Meon Valley - funding for our new projett to have a parcel collection Servi at Meon Vale, several miles outside Stratford. Heart of England - Volunteer manager - partly funds a post to help us recruit, develop and train a volunteer workforce to better support our service. Trussell Trust - Pathfinder a twtryear Trussell project running across the UK. to test initiatives and capture outcomes of these to see how best to help people address the root causes of crisis and poverty. Other restrkted funds - thi5 represents the total of a number of smaller funds received by the Charity for various restricted purposes. 17 Analysis of net assets between funds Unrestricted Unrestricted Restrlcted funds fvnds funds general desl8nated 2024 2024 Total 2024 2024 Fund balan$ at 30 November 2024 are represented bv: Tangible assets 13.212 Current assets/(liabilities) 181,157 13.212 346,853 IcAJ,o(K) 65.696 194,369 ioo,o(KJ 65,696 360,065 21
STRATFORD-UPON-AVON FOODBANK NOTES TO THE FINANCIAL sfATEMENTS (CONTINUEDI FOR THE YEAR ENDED 30 NOVEMBER 2024 17 Analysls of net assets between funds (Contlnued) Unrestrirted Unrestricted Restrkted funds funds funds general designated 2023 2023 Totsl 2023 2023 Fund balances at 30 November 2023 are represented by: Tangible assets 22,473 Current assets/{liabilities) 229,506 22,473 303.469 45.0)0 28,963 251,979 45,(MXI 28,963 325,942 18 Operatlng lease commitments Lessee At the reportin8 end date the charity had outstanding commitrnents for future minimum lease payments under non-cancellable operating rentsl leases, which fall due as follows- 2024 2023 Within one year Between two and five years 2,539 15,233 2.539 2,539 17,772 19 Related party transactions There were no disclosable related party transactions during the year (2023 - none). 22-