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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1153538

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BLACKPOOL FOOD BANK

Jones Harris Limited 17 St Peters Place Fleetwood Lancashire FY7 6EB

BLACKPOOL FOOD BANK

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2023

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 15
Detailed Statement of Financial Activities 16 to 17

BLACKPOOL FOOD BANK

REPORT OF THE TRUSTEES for the year ended 31 December 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To relieve financial hardship and to promote and preserve good health amongst the general public in the Blackpool area by the provision of food, goods and services of any kind as deemed appropriate by the trustees.

Significant activities

Blackpool Food Bank works to rescue edible surplus food that would otherwise be sent to landfill or used for animal feed. We now collect over 200 times per week from back of store across all the major food retailers and other suppliers. In addition, it also seeks to develop relationship with manufacturers for the same purpose.

Rescued food is distributed in cooperation with multiple front-line agencies from local authority to local charities and social enterprise organisations in Blackpool, providing hygiene and food parcels where requested by the Family Support workers and staff. The Food Bank provides a daily delivery service to partners

The Food Bank also supports the Local Authority with a supply of food parcels when an award is made via the Crisis Team for food. We also supply emergency food parcels to multiple other agencies. The Food Bank is a wholly independent charity funded by multiple funders.

In addition to emergency food parcels, the food bank also supports a wide range of other organisations with a broad range of food supplies. These are delivered in crates and typically contain fresh fruit & veg, bread, chilled, frozen, ambient, dried goods, cereals. We have over 100 organisations in our network, with over 80 actively receiving goods weekly. We delivered over 299 tonnes of food through our service in 2023.

Page 1

BLACKPOOL FOOD BANK

REPORT OF THE TRUSTEES for the year ended 31 December 2023

ACHIEVEMENT AND PERFORMANCE Charitable activities

Food distribution to our partners

Food Supply Chain

Staff

Volunteer Culture

Premises

FINANCIAL REVIEW

Financial position

2023 was a challenging year for us as we attempt to increase our momentum with our growth strategy. The "cost of living crisis" is now an established norm and will be so for the foreseeable future. We need therefore, to maintain a very strong focus on growth to ensure that we are able to serve our communities even more powerfully in future.

In 2023 we expanded our delivery channel The BIG FOOD Truck expanded into 4 areas across Blackpool. This was slightly short of our plan of 6 in total. Our ambition is to expand this service further in 2024 as there is a sizeable demand for the service but expansion is dependant on increased food supply.

Our funding is multifaceted with multiple funding streams. We received grants and donations from The National Lottery, Vera Wolstencroft, Local Rotary Clubs Blackpool Council as well as many donations from local businesses and individuals.

Page 2

BLACKPOOL FOOD BANK

REPORT OF THE TRUSTEES for the year ended 31 December 2023

FINANCIAL REVIEW

Reserves policy

In relation to our financial reserves, our policy is to have between 12 - 18 months in reserves.

We occupy such a critical place in our local communities that if we had to have a hard close, our partners and end users would experience real difficulty.

Other surplus is ring-fenced for the development of new projects, to keep us relevant in an ever-changing environment. Unrestricted reserves are £868,809 as at the year end date with £113,344 of this representing fixed assets, therefore, free reserves are £755,465.

Going concern

The trustees confirm that the charity will continue to operate as a going concern for 12 months an beyond.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Charitable Incorporated Organisation is controlled by its governing document, a deed of trust.

Charity constitution

Charitable Incorporated Organisation.

Recruitment and appointment of new trustees

New trustees are appointed by the trustees as a body.

During 2023 as a response to developing market influences and our continued growth, we have been actively piloting some additional working names:

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1153538

Principal address

2 Holly Close Whitehills Business Park Blackpool Lancashire FY4 5QP

Trustees

A Stubbs (appointed 29.1.24) Mrs E R Miller Trustee Mrs K H Shane Trustee (appointed 2.3.23) K F D Mew Trustee (appointed 2.3.23) L J Noland Trustee J M C Reid Trustee Mrs S L T Wallace (appointed 29.1.24)

Page 3

BLACKPOOL FOOD BANK

REPORT OF THE TRUSTEES for the year ended 31 December 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Jones Harris Limited 17 St Peters Place Fleetwood Lancashire FY7 6EB

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ J M C Reid - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACKPOOL FOOD BANK

Independent examiner's report to the trustees of Blackpool Food Bank

I report to the charity trustees on my examination of the accounts of Blackpool Food Bank (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I 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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.

Mr S Case The Association of Chartered Certified Accountants

Jones Harris Limited 17 St Peters Place Fleetwood Lancashire FY7 6EB

Date: .............................................

Page 5

BLACKPOOL FOOD BANK

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
740,277
Other trading activities
3
39,243
Investment income
4
5,269
Total
784,789
EXPENDITURE ON
Cost of food donated
5
606,669
Charitable activities
6
Charitable activities
209,491
Total
816,160
NET INCOME/(EXPENDITURE)
(31,371)
RECONCILIATION OF FUNDS
Total funds brought forward
900,180
TOTAL FUNDS CARRIED FORWARD
868,809
Lottery
funding
£
151,000
-
-
151,000
-
151,000
151,000
-
-
-
2023
Total
funds
£
891,277
39,243
5,269
935,789
606,669
360,491
967,160
(31,371)
900,180
868,809
2022
Total
funds
£
834,052
41,723
143
875,918
436,844
237,958
674,802
201,116
699,064
900,180

The notes form part of these financial statements

Page 6

BLACKPOOL FOOD BANK

BALANCE SHEET 31 December 2023

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Stocks
12
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
TOTAL FUNDS
Unrestricted
fund
£
113,343
99,134
659
661,315
761,108
(5,642)
755,466
868,809
868,809
Lottery
funding
£
-
-
-
-
-
-
-
-
-
2023
Total
funds
£
113,343
99,134
659
661,315
761,108
(5,642)
755,466
868,809
868,809
868,809
868,809
2022
Total
funds
£
144,224
121,434
1,689
632,833
755,956
-
755,956
900,180
900,180
900,180
900,180

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. J M C Reid - Trustee

The notes form part of these financial statements

Page 7

BLACKPOOL FOOD BANK

CASH FLOW STATEMENT for the year ended 31 December 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period
2023
£
24,467
24,467
(1,254)
5,269
4,015
28,482
632,833
661,315
2022
£
227,512
227,512
(6,044)
143
(5,901)
221,611
411,222
632,833

The notes form part of these financial statements

Page 8

BLACKPOOL FOOD BANK

NOTES TO THE CASH FLOW STATEMENT for the year ended 31 December 2023

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Balancing items
Decrease/(increase) in stocks
Decrease in debtors
Increase in creditors
Net cash provided by operations
2023
£
(31,371)
32,135
(5,269)
-
22,300
1,030
5,642
24,467
2022
£
201,116
-
(143)
143,222
(118,934)
2,251
-
227,512

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/23 Cash flow At 31/12/23
£ £ £
Net cash
Cash at bank and in hand 632,833 28,482 661,315
632,833 28,482 661,315
Total 632,833 28,482 661,315

The notes form part of these financial statements

Page 9

BLACKPOOL FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Goods donated to the charity are valued at £1.75 per KG in line with industry practice. This enables the charity to give a valuation to goods which it has received in line with the SORP.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Goods donated by the charity are valued at £1.75 per KG in line with industry practice. This enables the charity to give a valuation to goods which it has donated in line with the SORP.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 10

BLACKPOOL FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

2.
DONATIONS AND LEGACIES
Gifts
Donations
Legacies
Grants
Donated goods received
Grants received, included in the above, are as follows:
Lottery funding
Chiller grant
Discretionary food provision
Chesire community grant
Other grants
3.
OTHER TRADING ACTIVITIES
Sale of food
4.
INVESTMENT INCOME
Deposit account interest
5.
COST OF FOOD DONATED
Other trading activities
Opening stock
Purchases
Closing stock
2023
£
2
95,620
22,463
190,950
582,242
891,277
2023
£
150,997
25,406
36,000
1,010
(22,463)
190,950
2023
£
39,243
2023
£
5,269
2023
£
121,434
584,369
(99,134)
606,669
2022
£
-
62,134
-
356,000
415,918
834,052
2022
£
-
-
-
-
356,000
356,000
2022
£
41,723
2022
£
143
2022
£
145,722
412,557
(121,435)
436,844

continued...

Page 11

BLACKPOOL FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

6. CHARITABLE ACTIVITIES COSTS

7.

Charitable activities
SUPPORT COSTS
Charitable activities
Direct
Costs
£
353,383
Support
costs (see
note 7)
Totals
£
£
7,108
360,491
Governance
costs
£
7,108

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

9. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
834,052
Other trading activities
41,723
Investment income
143
Total
875,918
EXPENDITURE ON
Cost of food donated
436,844
2023
£
201,106
2,863
203,969
2023
12
Lottery
funding
£
-
-
-
-
-
2022
£
147,521
3,516
151,037
2022
11
Total
funds
£
834,052
41,723
143
875,918
436,844

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 12

BLACKPOOL FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Lottery
fund
funding
£
£
Charitable activities
Charitable activities
237,958
-
Total
674,802
-
NET INCOME
201,116
-
RECONCILIATION OF FUNDS
Total funds brought forward
699,064
-
TOTAL FUNDS CARRIED FORWARD
900,180
-
11.
TANGIBLE FIXED ASSETS
Fixtures
Plant and
and
Motor
Computer
machinery
fittings
vehicles
equipment
£
£
£
£
COST
At 1 January 2023
34,084
58,897
47,319
3,924
Additions
-
-
-
1,254
At 31 December 2023
34,084
58,897
47,319
5,178
DEPRECIATION
Charge for year
6,817
11,779
11,830
1,709
NET BOOK VALUE
At 31 December 2023
27,267
47,118
35,489
3,469
At 31 December 2022
34,084
58,897
47,319
3,924
12.
STOCKS
2023
£
Stocks
99,134
Total
funds
£
237,958
674,802
201,116
699,064
900,180
Totals
£
144,224
1,254
145,478
32,135
113,343
144,224
2022
£
121,434
Total
funds
£
237,958
674,802
201,116
699,064
900,180

continued...

Page 13

BLACKPOOL FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors
15.
MOVEMENT IN FUNDS
At 1/1/23
£
Unrestricted funds
General fund
900,180
TOTAL FUNDS
900,180
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
784,789
Restricted funds
Lottery funding
151,000
TOTAL FUNDS
935,789
Comparatives for movement in funds
At 1/1/22
£
Unrestricted funds
General fund
699,064
TOTAL FUNDS
699,064
2023
2022
£
£
659
1,689
2023
2022
£
£
227
-
3,115
-
2,300
-
5,642
-
Net
movement
At
in funds
31/12/23
£
£
(31,371)
868,809
(31,371)
868,809
Resources
Movement
expended
in funds
£
£
(816,160)
(31,371)
(151,000)
-
(967,160)
(31,371)
Net
movement
At
in funds
31/12/22
£
£
201,116
900,180
201,116
900,180

continued...

Page 14

BLACKPOOL FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
875,918
875,918
Resources
Movement
expended
in funds
£
£
(674,802)
201,116
(674,802)
201,116
Resources
Movement
expended
in funds
£
£
(674,802)
201,116
(674,802)
201,116
201,116

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS
At 1/1/22
£
699,064
699,064
Net
movement
in funds
£
169,745
169,745
At
31/12/23
£
868,809
868,809

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,660,707 (1,490,962 ) 169,745
Restricted funds
Lottery funding 151,000 (151,000) -
TOTAL FUNDS 1,811,707 (1,641,962 ) 169,745

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

Page 15

BLACKPOOL FOOD BANK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Legacies
Grants
Donated goods received
Other trading activities
Sale of food
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Cost of food donated
Waste
Closing stock
Charitable activities
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Donations made
Training
Rent
Motor expenses
Repairs and renewals
Cleaning
Computer costs
Subscriptions
Travel
Plant and machinery
Carried forward
2023
£
2
95,620
22,463
190,950
582,242
891,277
39,243
5,269
935,789
121,434
584,369
-
(99,134)
606,669
201,106
2,863
1,129
2,664
11,548
4,021
1,025
5,210
1,740
-
1,597
50,288
28,061
3,000
3,073
1,197
937
1,789
6,817
328,065
2022
£
-
62,134
-
356,000
415,918
834,052
41,723
143
875,918
145,722
411,586
971
(121,435)
436,844
147,521
3,516
934
2,176
5,755
1,289
3,650
1,649
1,618
261
607
41,298
20,932
5,624
43
345
410
-
-
237,628

This page does not form part of the statutory financial statements

Page 16

BLACKPOOL FOOD BANK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2023
Charitable activities
Brought forward
Fixtures and fittings
Motor vehicles
Computer equipment
Support costs
Governance costs
Legal and professional fees
Accountancy
Total resources expended
Net (expenditure)/income
2023
£
328,065
11,779
11,830
1,709
353,383
5,308
1,800
7,108
967,160
(31,371)
2022
£
237,628
-
-
-
237,628
150
180
330
674,802
201,116

This page does not form part of the statutory financial statements

Page 17

Virtual Cabinet Portal Digital Signatures

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Signature 1

Signed by Neil Reid using authentication code Z0EoS2M0c2RFcW9m at IP address 82.41.220.71, on 2024/08/21 14:40:19 Z.

Neil Reid's e-mail address is: neil@blackpoolfoodbank.co.uk.