Canterbury Food Bank CIO Annual report and accounts For the year ended 31 December 2023 Ch•rSty number 1153791 FOOD BANK CAN: ERBI,'RY 8 lil [?1 ILT Servlng Canterbur Herne Bay an , Whitstable. villages
Canterbury Food 8ank CIO Annual report and accounts For the year ended 31 December 2023 Contents P•ie Charlty Informatlon Report of the Trugtees Key Supporters Inéependent Examlnei's report io Statement of Flnanclal Actlvltles li Balance Sheet 12 Statement of Cash Flows 13 Note5 to the Flnanclal Statements 14-26
Canterbury Food Bank CIO Charlty Informatlon For the year ended 31 December Z023 Charity number IIS3791 Trustees Martin Ward Dawd Rowbotharn Alun Edwards FU OChA Oavld Holt Penny Nlcholls lan Rldde11 Peter Taylor-Gooby Chalrman Vice- Chairman Treasurer Senlor management Angela Gardlner Susan Roberts •m Wa8horn Operatlons dlrector Accounts manager W•rehous• rnana8•r Ile85stered offlce Ufilt 29 Joseph Wllson Industrlal Estate Mlllstrood Road WhltStable Kent crs 3PS Independent ex•mlner Matthew Sutton FCA Burgess Hod8son LLP 27 New Dover Road Canterbury Kent cri 3DN Bonkers HSBC UK 8ank plc 9 Rose Lane Canterbury Kent CTI 2JP Sollcitors Furley Page LLP 39 5t Mar8aret's Street Canterbury Kent CTI 2TX
Canterbury Food Bank CIO Report of the trustees For the year ended 31 December 2023 The trustee5 are pleased to present their annual report together with the financial statements of the charityfor the year ended 31 Detember 2023. Comparative information is provided for the 17 month perlod ended 31 December 2022. The financial 5taternents cornply with the Charltles Act 2011, the tharity'5 Constitution, and the Statement of Recommended Practice applicable to charlties preparin¥ their account5 in accordance with the Finantial reporting Standard applicable Sn the UK and Republic ol Ireland issued in October 2019 llhe SORP'I. Objecllves and artl¥ltle$ The oblects of the Canterbury Food Bank CIO as set out in its constitLrtion and were amended on 30June 2022 to become the prevention or relief from poverty or financial hardship in the Canterbury Cfty Councll distritt las defined at the date of this ionsiitutionl in particular but not exclusively bv.. il The provision of emergencyfood paTcels together with other related supplies. along with iterns, services and facilities connected with the preparation and serving of emergency food suppliesto indlviduals and family groups in financial crisis.. 111 To provide financial support with domestic energy costs forihose iTrdividua15 and f4milies in need.. and illl Contributing to and tooperatin8 wlth charitie5 and other or8anisations working to prevent or relleve poverty wlthin the administrative county of Kent. In settin8 the objettives ané a¢tlvltles of the charitythe tru5tee5 have read and consldered the guidance on public benefit publlshed bythe Chartty Commission for England and Wale5. The charity seek5 to achieve its objtrrtives through the operation of a food bank that Serves Canterbury, Whitstable, Ilerne Bay and the surroundln8 village5 from ctur base on thejoseph W1150n Industrial Estate in Whitstable. This involves the following.. Maintaining £ont3Ct with churches. supermarkets and other organisatlons to 5erwce locations at which food and other products can be donated. Collectin8 donations from those locatlons, sortln8 them to ensu that all are in date and storiftg them in our warehouse facility. Packin8 food in parcels of approprlate talorific and nutritional value awaltln8 dlstributlon to those in need. Maintaining communlcatSons wlth various agencie5 in the Canterbury City Council Oi5trict in order to make available food parcds to those experiencin8 financial crisls and who are engaging with an approved agency's client development programme. Chan8ingthe food distribution systems to enable food parcels to be delivered to those indiv*duals and families experiencin8 fTnantial crisi5 who are referred to the charlty by an agency or support ¥roup with which they engage, as well as those who £ontact the charity direttly. Providing fuel vouchers for those stru88ling to meet the cost of domestic ener£y bills,. SiBnposting individua15 in need to Jgenctes that can prtsvide help and assistance.
Canterbury Food Bank CIO Report of the trustees For the year ended 31 December 2023 0i5trSbuilnA to other or8anlsations iterns donated that dts not meet the dietary crlterta for inclusion in the food parcels and which cannot otherwise be used in the charity'5 operations. Our actlvltSe5 also Snclude the need to entage wlth our supporter5 to raise the flnances needed to maintain our operations. We are fortunate to receive the support of many In our community and we ¥re grateful for ev¢ry donation received regardless of the amount. As demand for our 5ervlces increases however, increaslngly we approach county and clty authtsr5tie5 ènd Independent 50urces of funding, seekln8 8rant5 to support our increased operatSonal costs. Further detalls olthe kty supporters of the charlty are shown on pa8e 9. Achlevements Ind p*rforni•nce Last year we reported on the rapSd Increase In demand for the ch•rlty'5 servlces that we experlenced, reachSn8 unprecedented levels. Thls trend Contnued ihrou8hout 2023, where it seemed that every Month showed an Increase In the number ol foud parcels provided iomparid to the prevlous year. The cost ol Ilvln8 cr151s proved to be a 8reater th3llen8e for u5 than the pandemlc, but It was a challen8e th•t we were able to rneet thanks to our staff and volunteers who ensured th•t we were able to meet the n•eds ol all of those who Came to us lookln8 for support and assSstante. As noted In our rtport last year the cost of living crlsls hès also had lrnpllcatlons lor the charltV'S Cost base, 15 desplte the 8eneTosity of those don•tlnB food and other produrts to the charlty lor redlstrlbvtlon Incre¥$ln8ly we are havlng to Supplement thls by purchasln8 8oods ourselves to meet rhe Increa51ng level of demand. Addltionally the costs of runnin8 our warehouse have Increased due to rlsln8 energy Costs Ind the nted to pay rent, althou8h the Inltlal cost of doln8 $0 has been met by support frorn the Natlonal Lottery and others. The charlty has benefltted si6nlf5c?ntly over the14st two ye8rs throu8h the support of Canterbury City Councll and funds provided from Housln8 Support, but such levels of sUPPOrt are unlSkely to contlnue at such a level given the pressures on public Ilnances. The trustees expect that these dlfflcult financlal conditions look set to contlnue for the foreseeable ftjture. We are extremely proud of the way our staff and volunte•r5 contlnue to T15e to thls challen8es we face In coTrtSnulng to provlde assSstance to those In need seekln8 oui help. Doln8 so has Involved the lollowln8.' Malntalnlng stron8 Ilnks w51h Supermarkets, chur¢he5, schools and other or8anlsatlons that ha5 enabled the charlty to operate over 80 4Yonated food collection polnts acr05S the dlstrltt, collectln8 well In excess of 200.000 donated iterns of food ènd other groceries for dlstrlbution durlni the perlod. MalntalninB contatt with over 175 approved a8en£les and 5UPPOrt group5 In the Cgnttrbury Clty Councll di5trltt with whom the charlty partner5 to support those In financlal crisis. Mana8inB a team of around 2thJ volunteers who provided in excess of 20,C#)O hours of thelr time durln8 the perS0d.
Canterbury Food Bank CIO Report of the trustees For the year ended 31 December 2023 We continue to ensure that the contents of each food parcel we provide is designed to provide nutritional and calorific ctsntent which is suitable for the rKipient, based on guidance we have received from an experienced dietician. Each fo4Jd parcel that we provided durin8 the period had an approximate value of £35, a 25% Increase on the prior year. With ourfocus on providing food and other basic supplies to those in need we recognise that many of those who seek our help also have additional needs which we are unable to meet. To help address this we have again maintained our signposti8 provision during the period. with a team of 4 employees who can provide guléance on alternative sources of assistance to those in need. In the face of increasing demand wea re planning to expand the services we provide to those In need in 2024 by introducing byfundln8 a bÈnefits advisor. The increasing demand forthe charity's services is best shown by the number of rneals that have been distributed to those in need. 2023 2021122 2020121 lyearl 117 months) Iyearl Number of food parcels distrlbuted Number of rneals provided Estimated c05t of the food item5 delivered 14,644 131,796 485,843 14.625 6,694 131,625 60,246 £409,500 £208,220 Sadly since the end of the period the effects of the cost of living crfsls continue to be felt, and whilst demand for our services in 2024 has plateaued, at least for the tirne being, we have seen financial support forthe charity reduce. Fortunately the charity is well-placed to cope with thls, 85 set out below in the financial rewew Section of this report. We will continue to seek to heip all those in need which approach us for assistance, whilst acknowledging that doing will place further demands on our staff and volunteers and increased pressure on our resources. The trustees and senlor m8na8ement team have continued to work on developin8 a strategic plan for the Charity that covets the period through to 310ecember 2026, setting Out a Series of aims for the charity as it faces up to changing levels of demand and the need to maintain hi8h standards of service delkvery whllst remainin8 financially secure. This may see the charity exp?nd the range of servlces the charity seeks to Provide and involve entering into closer workin8 relationships with other or8anisation5 Wlth 5irnilar objectives to our own. Throu8hout this perlod of change we 3lso reco8nisethe need to consider the needs of all our stakeholder5, Irscluding our staff and volunteers, and to become ? greener or8anisation.
Canterbury Food Bank CIO Report of the trustees For the year ended 31 December 2023 Flnantlal Ytvlew In previous years we have noted how fortunate the charity has been in continuing to receive support, both financially and through the donation of goods for distribution, that ha5 enable us to continue to operate without fear of running Into financial dilculty. This 5UPPOrt has ensured that the charity remalns on a stable footing and that the charity contlnues to be able to delSver its much needed servlces to those in need. As alreèdy indicated we expett demand to continue to incTea5e, and our healthyfinancial PDSition wlll enable to continue to meet the challenges that we face. No Issues have been identifled by the trustees that could indicate that the charity is not a going concern. Total incoming resouries for the year amounted to £942,376, an intrease of 21% when compared to the prior 17 month period f1gure of £1,102.817. This figure includes an arnount of £377,438 being the trustees, estimate of the value of 8oods donated to the charity for distribution to those In need. This levd of income reflects the continuing partnership entered into durlng the prior period with Canterbury City Council. who have reco8nised the 8ood work undertaken by the charity and in doin8 $0 have provided funds from the Housing Support grant that are pron8 to be essential In meeting the increasln8 c05t of having to supplement goods donated to the charity with those we purchase ourselves. The increase also refle£t5 signrficant grant fundln8 received of E62.469 from the National Lottery Community Fund to address the impact of the tost of livlng cris. The expenditure on charitable attlvTties has also increased si8nificantly when compared to the prior year, rdecting the increased demand and the c05t of the infrastructure the charity needs to have in place to meet this demand. Total expenses for the period amounted to £752,449. an increase of 54% when cornpared to the prior period figure of £693,456. adjusted for the differing period len8th5. Much of this ncrease relates to the cost of acquirin8 8roceries and other household items for dlstrSbution, where due to the level of demand we have had to buy-in significantly more than in previous year5 at a higher cost due to inflationary pressure5. Anoiher key area where costs remain hi8h is payroll. and the need to expand the charity's workforce is sufficient to meet as the scale of the charity's operations. The total payroll cost for the year amounted to E164.332, around 21% rnore than the prior period figure, and this Is an area where further increases are experted as addirional staff are recruited. The charity remains an e4ual opportunities and livin8 wage employer. The charity also cOtInueS to benefit frorn the army of volunteer5 that are vital In maintainin8 the tharity's activities, the benefit of which is not refletted in the accounts in line with current accounting practice. Overall the Charity's surplu5 for the period amounted to £189,927, an effective decrease when compared to the prior period surplu5 of £409,361. Thls result though 15 welcome and leaves the charity well placed to meet it5 future challenges. The surplus for the period ha5 seen the charity's total fund5 increase to £1,084,376 from the prior period figure of £894,449.
Canterbury Food Bank CIO Report of the trustees For the year ended 31 December 2023 The char5ty'5 reserves policy is reflected In the approach taken with settln8 aside designated funds thai reflect both planned future expendlture that has been agreed upon in princSple bythe trustees, and the need to hold resetves that preserve the fln•n¢ial securlty of the charSty. The charlty's policy Is to reco8nlse desi8nated funils that reflect the trustees, estlmate 016 months, payroll costs, lease obllgation5 and other overheads that should ensure that the charSty rema5n5 able to rneet Its obligatlons to staff and creditors 45 they fall due for payment. The charlty also recognlses a deslknateé fund that reflects the e5tlmated Q5t of a£qulrlng the warehouse facilltSe5 that It turrently leases, a rngve consldered netessary to safeguard the char5ty'5 lon8 term future glven the dlfflculty recently exper5enced In flndin8 gultable property from whlch the charity £4n base Its operations. A new deslgnated fund h&s also been reco8nlsed thls year to set aside funds to expand the charlty's operatlons to Include the provlslon of benefits advlce, • service planned to commence in 2024. Thls fund should allow for the ¢o5ts ol recrultln8 and traSnln8 relevant personnel to undertake thls t85k. The charlty also his ¥ number of restrlcted funds, detalls of whlch ale dlsclosed Sn note 14 01 the accounts. Hovln8 adjusted for restrScted and deslgnated funds the charlty'5 general unre5trlcted fund5 at 31 December 2023 amounted to £275,05012022'. £258,166), of whlch #n amount of £221,6881s reflected bv Ilquld assets and are consldered to be the free reserves held by the f hority12022.. £205,302). Stry¢iure. ¥eManCI •nd m4n4i•m•ni C4nterbury Food Bank CIO 55 J charltable Incorporated or8anlsatlon, reg15tered wlth Charlty Comm5ssion for En8land and Wales. It Is ioverned by Its con5t5tutlon, whlch sets out the charltable oblectlves of the h•flty and the powers of the trustee5 to achleve those oblectlve$. The charlty Is governed by it5 twstees, detalls of wh5ch are set on page l of thls annual report. The trustees set the strategic directlon and policy of the charltyi and meet on a monthly basis to revlewthe performance of thè ¢hartty and determlne future dlrectlon. New trustees ire recrulted frorn the lo¢al iommunSty served by the tharity and appointed by a resolutlon ol the board tsf trustee$ in accordance with tho terms of the charlty's constltutlon. A5 part of the applltatlctn process prospettive trustees are provldtd wlth a copy of the charlty'5 constltutlon, an explanation of what It means tts be a chafity trustee, both generally and In the context of the artlvltles of the Food Banks, and what qualkSe5, qualiflcatlons and commitment are expected from trustee5. At the tlme of thls report the charltyls seekin8 to expand its board and is In the process of retrultlng additional trustees to irnprove the dlversity and experience of its members.
Canterbury Food Bank CIO Report of the trustees For the year ended 31 Dember 2023 Day to day man4iemtnt of the charity 15 delegated to the 5eniur rnana8emtnt team, htaded bv operations dlrector Angela Gardiner. Together they oversee the operatlons ol the tharity, SUPPOrted bv Small team of core staff. At the heart ol the charitv's operation 15 0 teom of volunteers who generously Supply thelf time. knowledge and enthuslasm to support the work of the chafity. expre55ed in long hours bein8 spent dellverin8 the charlty's objertives, assistln8 wlth èdmlnlstratlve tasks and other areas of Service. Wlthout thelr asslstance the charlty would not be able to meet Its core objectlve ol supportiTrg the local community in Canterbury, Whitstable. Herne Bay and the surroundln8 vllla8es, and the trustees re extremely8rateful lor thelr support and Bener051ty. R•f•r•nc• •nd admlnlstrato d•tslls Reference and admlnlstrètlvt detalls •r* shown ofi p?8e l of thls annual report. Future pl•ns A5 feported above In 2024 we plan to Introdute a new benefit5 advlce 5ervSce, to address an Increasln8 need to notjust supply emergency food partels but to help addre55 the cause ol pertY that we see. The charity wlll contlnue to work wlth other or8hnls•tlons locallyto seèk ways by whlch we can help to Ilevlate the poverty that we ste In our di5trlct. Sln¢e the end of the year we have approa¢hed our landlords, exerclsln8 our optlon to acqulre the warehouse from whlch we operate as we conslder thls vlt•l to secure the future operatln8 ablllty of the charFty. A perlod of nelotlation wlll follow but we expett the cost to the charlty ol th15 rnove, includlng a5s0clateé legal costs and necessary Improvements to the property. to be In the re8lon of £350,OCKI and funds of thls •mount have been set aslde In a dv518nated fund for th15 purpose. St•ttment of iruste•s' responslbllttlei The trusttes are re5ponslble for preparin8 the trustees, annual report and the financial statements In accordance with applScable law and Unlted Klnidom Accountlng Standards Iunlttd Kln8dom Generallv Aepted Accounting Prartlcel. The law applicable to tharities In En818nd & Wales requires the trustees to prepore ftnancl•l statements for each flnan£lal year whlch give a true and falr vlew of the State of affairs Ot the charity and of the inctsrnin8 resources and applitation of resources ot the charity lorthat period. In preparln8 these flnancial statements the trustees are required to.. select 5Ultable accountin8 policies and then apply them conslstentlv observe the methods ané principles in the Charitles SORP., make jvd8emEnt5 arid e5tlmates that are reasonable and prudent.. state whether applitable accountlng Standards have been 1911owed, sublect to any material departures disclosed and explained in the financial Statements,. and
Canterbury Food Bank CIO Report of the trustees For the year ended 31 December 2023 prepare the finan¢S3l statement5 on the 8OlIt8 concern basis unless It Ss Inapproprlate to presume that the charlty will contlnue In operation. The trustees are ress)onslble lor keeplng proper account5ng records that disclose wlth reasonable atcuracy at anytime the flnancial positlon of the charity and enable thern to ensure that rhe fin3ncial statements comply with the Charities Act 2011. the Ch¥ritie5 (Accounts and Reponsl Re8ulatlon$ 2008 and the provlslons of the charlty's constitution. They are a150 responsiblè for safeguartllnfj the assets of the charlty and hence for taklng reanable 5tep5 for the prevention and dettIOn of fraud and other The trustees are responslble for the Maintenance and Integrlty of the charlty and flnanclal Informatlon In¢ludèd on the tharlty's website. leglslatlon Sn the United kln8dom 8overnln8 the preparation and dlssemlnatlon of Ilnanclal statements may dlffer from le8151atlon In otherlurlsdlctlons. Approved by the board of trustee5 4t a meetlng held on 26 September 2024. M•rtln Wlrd Chalrm?
Canterbury Food Bank CIO Key supporters For the year ended 31 December 2023 The trustees, staff and volunteers who make up the operating personnel of the charity are deeply indebted to the many individuals and organisations who have so generously given to the charity in the forrn of food and financial support. Without these valuable contributions the charity would not have been able to 5UPPOrt so many individuals in need in Canterbury, Whitstable, Herne Bay and the surrounding villages. We are grateful for every donation we receive, re8ardle5s of the amount. Special thank5 go to the following organisation5 forthetr support durin8 the year.. Canterbury City Counc51 Naiional Lottery Cornrnunity Fund All $31nt5 Whit5table Congregation Barham Down5 Benefice Beverlle Pub Qulz customers Brachers LLP City Church Councillors ffLim CCC (Oerek Ma51in and Dave Wilson) Furley Pè8e Foundatlon Garage Coffee Hardy Family Foundation Herne and 8roomfield Parish Centre Herne Bay Rotary Club Kent Community Foundatlon Marlowe Consulting Morrisons Neighbourly Foundation Rotary Clubs of Canterbury. Herne Bay and Chestfleld Sainsburys Streynsham Trust Tesc05 The Urnbrella Café, Whitstable V2 Radio Ward Estate Agents Whiiefriar5 Whitstable k Herne Bay Uons Club We are equally grateful to the many unnamed IndNidua15, tornmunity group5 and organisations who have also similarly supported the charity durir*8 the year. We are also grateful to thefollowin8 supermarkets in the Olstrfct forthelr support by enabling food to be donated at their premise5.' Sain5bury's. Morfison's, Tesco and Co-op.
Canterbury Food Bank CIO Independent Examiner's Report to the trustees of Canterbury Food Bank CIO I report on the accounts of the charitylorthe year ended 31 Decernber 2023. Aespectlve respofisvollltlesof trustees Bnd emamlner The charit¢5 trustees are responsible for the preparation of the accounts. The charlt*strustees consider that an audit is not requ1 for this year under $ectk)n 144121 of the Ch8rltles Act 2Qll (the 2011 Actl and than independent examination is needed. It is my responsibillty to: examlne the accounts under 5ectlon 145 of the 2011 Act., to follow thE prc<edures Ibld down in the Gener810lrectlons 8lven by rhe Charlty Comms1Oner undersectlon 145lsllbl of the 2011 Act.. and to state whether particular matters have come to my attentlon. Ba$ of Independent exarnlner's report My eKamlnatk)n was carrled our actordance wlth the General Dlrettions glvefi by the Charlty Commissloner. An exèmlfiotlon includes a rethew of the accounting records kept by a ¢harltyand a comparlson of thÈ account5 presented with those retords. It also Includes eon51deratlon of any unusual Items or disclosures In the accounts, and the seeklng of explanaiions from you as trustees concernlng any such matrers. The procedures undertaken do not provlde all the evldence th2t woukl be requlred in an audit and, consequently no opinion is 8lven as to whether the accounts preseni a'true and fair. vlew and the report Is lirnited to those matters set out In the statement below. Indepèndent examlner's statement Since the charity's gross income exceeded £250,C0 yourexamlner mvst be a rnernberof a body Ilsted In 5ectton 145 of the 2Qll Att. I confirm that l qualifled to undertake the emamlnation because l am a member of the Institute of Cttartered Accountants in England and Wales, whlch Is one of the Ilsted bodles. In connection with myexamlnatlon. no matter h35 £ometo rny attention.. whlch gives me reasonable cause to believe that. In any materl£l respect, the requlrements: lal to keep a¢untIng re£ords in accordance with sectlon 130 of the 2011 Act,. an Ibl to prepare accounts which a£cord with the accounting rLYords ènd to comply wlth rhe atcountlng rewrds of the 2011 Art have not been rnet,. or ro whlch, in myopSnbn, attentlon should be dra er to enable a proper understanding of the accounts to be reache Matthew Sutton FCA 8ur8ess Hodgson LLP 27 New Dover Road Canterbury Kent 130N Date.. Z6 20. io
Canterbury Food Bank CIO Statement of Flnanclal ArtlvStles For the year ended 31 Dember 2023 Gener?1 Desltnated fvnd fvnds 2023 2023 Aestrlrttd fvnd5 2023 Total fvnds Total funds 2023 2022 Note Incorn1 resources Donations and legacles Investrnent income S2850 5.556 97.381 926,231 16,145 1,100,334 2,483 IOA90 834,406 10,590 97.381 942.376 1.102.817 Resources expènded Raisin8 fund5 Charitable attlvlties 1,411 591,980 1,411 751,038 22,127 671,329 107,415 51N3 593,391 107,415 51,643 752A49 693,456 Net Income Z41.014 {96.8251 45.738 109,927 409.361 Transftvs between funds 1224.1301 224,130 Net movement In fvnds 16,884 127,305 45.738 189.927 409,361 Total funds broughtfor*a 258.166 609A95 26.788 894,449 485.088 Total fvnds urrled lorward 275,050 736,800 7220 1,084,376 894,449 Comparative figures are provlded forthe 17 month perlod ended 31 Deeembef 2022. li
Canterbury Food Bank CIO Balance sheet as at 31 December 2023 General Deslgnated Re5trfrted fvnd fvnds fund5 2023 2023 2023 Total funds 2023 Total fund5 2022 Note Flxed ass*ts Tangible fixed assets io 40,733 33.789 74.522 63.714 Cuwrent assets Stock Debtors and prepayrnents Cash at bank and in hand 12,629 18A99 210.411 12.629 17,993 62A69 80.968 26,247 IZ3,7321 923,481 790,261 li 736,800 241.541 736,8 38,737 1.017,078 834,501 Credltors: Amounts fallln8 due wh1n onè year Cred5tors and aciruals 12 7,224 7,224 3,766 7.224 7,224 3,766 Net current assets 134317 736. 38,737 I09.854 830,735 Net assets 175.050 736,800 72,526 1.084.376 894.449 Represented by: Vnre5tricted funds Restricted funds 14 275.050 736.800 1,011.850 867.661 72,526 26,788 14 72,526 Total funds 275,050 736,800 72,526 1.084376 894,449 The flnancial statement5 were approved and adopted by the trustees at a meeting held 26 September 2024. Signed Martln Ward Chairman Alun Edwards Treasurer 12
Canterbury Food Bank CIO Statement of Cash Flows For the year ended 31 December 2023 202J 2022 C•sh flows from operat1 irtfvltles Net income for the year Depreclatlon Interest recelvabl• Ilncreaselldecrease In stocks IlTh¢re•selldecrease In debtor$ In¢re8selldecreasel In creor5 109,927 19,963 116,1451 5,364 154,7211 409,361 10,704 12.4831 111,3681 116,5741 2,043 N•t cash provJd•d by Dp•rntlni •ttl¥ltl•s 147,846 391,683 Cash Ilows from Inrtin1 irtlvltles Interest recelved Purchase of propertvi pl•nt and equlprnent 16,145 130,7711 2,483 159,1931 N•t ush ud In Inv•stlni 4rtMtles 14,6261 156,7101 Ch•ny In ush •nd ush èqufvihnts In the y••r 133.220 334,973 Cash and c¥sh equlvalents at the be8lnnSng of the year 790.161 455.288 C•sh •nd cash equlval•ni$ 4t th• ond of th• y•ir 923,481 790,261 Anilyyli of ¢1sh and e4th •qul¥•lents Cash at bank Ind In hand 923,481 790,261 Th* charlty has no debt, and accordlngly an Analy51s of the Ch?ll8es in Net Debt Is not presented. Comparative 5nformatlon Is proylded forthe 17 month perlod ended 31 Decernber 2022. 13
Canterbury Food Bank CIO Notes to the accounts For the year ended 31 December 2023 l A¢¢ountlni pollcles Current period information is provided for the ytar to 31 December 2023. Compafative information is prwded for the 17 monttt period to 31 December 2022. The printipal accovnting policies adopted, lud8ements and key sourtes of estimation unttrtainty in the preparation gf the financial statements are as follows: al 8asls of preparation The financial statements have been prepared in accDTdance with the Statement of Recommended PTactlce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland li5sued in ottober 2019llthe SORPI, the Financial Reporting Standard applicable in the UK and Republit of Ireland IFRS1021 and the Charities Act 2011. Canterbury Food 8ank CIO meets the defTnition of a public benefit entity under FRS102. Assets and liabilkies are initlally recogni5ed at historical cost or transaction value unles5 Othetwise stated in the accountlng polScy notes. bl Going concern Havin8 considered the charity's financial position and forecast future results the tru5tee5 are sat15fied that the charlty is a going concern, and the flnancial statements have been prepared on this basis. cl Income Income 1$ feco8nlsed when the charity has entitlement to the lunds, any performance condition5 attached to the items of income have been met, it is probable that the Income will be received and the amount ca be measured reliably. Income from 8overnment and other 8rant5, whether'capital, 8rants or'revenue, grants, is reco8nised usln8 the performance rnodel when the charity has entitlernent to the funds, any performance conditions attached to the 8rants have been met, It Is probable th3t the income will be received 3nd the amount can be rneasured rellably and Is not deferred. For le8acies. entitlement 15 taken at the earlier of the date on whlch either the charity is aware that probate ha5 been granted, the estate has been finalised and notification ha5 been made by the executors to the estate that a dlstribLrtion will be made. or when a distributlon is received frorn the estate. Receipt of legacy. in whole or in part, is only Considered probable when the amount can be measured reliably and the charity has been notified of the executors, intention to make a distfibution. Where legacies have been notlfied to the charity. or the charity is aware of the Branting of probate. and the criteriè for retD8nition have not been met, then the legacy is treated as a contin8ent asset and d¢sclosed materlal. 14
Canterbury Food Bank CIO Notes to the accounts For the year ended 31 December 2023 dl Donated goods ènd se£t5 Donated 8oods are reco8nlsed as income when the charlty ha5 Cofitrol over the Itern, any condltlons assoclated wlth the donated item have been met, the recelpt ol onOmIC beneflt from the use by the ¢hèrlty of the item is probable and the economic benefit tèn be measured reliably. In accordance wlth the SORP the value ol general volunteer tSme Is not reco8nised in the financlal statement5. Further Informatlon reBardln8 the contflbutlon ol volunteers in the running of the charlty's operation5 in included the Trustees. Annual Aeptsrt. On recespt, donated goods are recognlsed on the basis of th* value of the gift to the charity whSch Ss the amount the charity would have been wllllng to pay to obtain loods gf equivalent economic benefit on the open market, wlth a correspondln8 amount rKo8ni5ed In expenditure In the r5¥d of retelpt. el Interest recelvable Interest on fund5 held on deposlt Is included when recelvable and the amount can be me•5ured rellobly bv the charlty, thls Is normalty upon notlfScatlon of the Intertst paid or p•y?ble by the Bank. fl Fund accountln8 Vnrestrlcted funds are avallable to spend on actlvlt5es that further any of the purposes of thè charltv. Des18nated funds are unrestrlcted funds ol the charlty which the trustees have decided at their di5cretlon to set a51de to Use for a specllit purpose, Restrlcted funds are donat5ons which the donor has specllied are to bè solely used lor partlcular area5 of the charlty's work or for 5peclflc proletts belng undertaken by the charSty. hl Expendlture and IrrecoverableVAT Expendlture Is reto8nl3ed once there Is a legal or constructlve obllo•tlon ttr make ¥ Vrnent to a thlrd party, it15 probable that settlernent wlll be requlred and the amount of the obllgatlon can be measured rellably. ExpendSture Is classifled under the followln8 artlvSty headlngs.. Costs ol raSsin8 funds cornprlse the costs ol 8ener8tln8 8rani Income and other don8iions. Expenditure on charitable aaivities Illtludes the costs of operatin4 the food bank and assoclated admlnistrative costs. Irrecoverable VAT Is charged as a cost a8alnst thè a¢tlvliy foi whlch the expendlture was Incurred. 15
Canterbury Food Bank CIO Notes to the accounts For the year ended 31 December 2023 11 Operatlng leases Ilentals payable in respect of operatln8 leases are charged on a straight line ba515 overthe period of the lease. jl Tangible fixed assets Individual fixed assets costing £1,000 or more are capitalised at cost and depreciated over thdr estimated useful economic lives on a strai8ht line basis as follows.. Motorvehirles Equipment Le35ehold improvernents 20% Overthe lease term kl Stock Stock TS Included at the lower of Eost and net reallsable value. Donated items of stock are recognised at fair value whlch is the amount the charity would have been willing to payforthe Items on the open market. 11 Financial instrumeats The trust only ha5 financial assets and liabilitie5 of a kind that qualify as basic flnancial Instruments. Basic financial Instruments are Initial recorded at traTrsactlon value and subsequentty measured at their settlernent value. rnl Penslon costs The £harity contributes to a defined tontribution pension scheme for employÈe5. Contributions to the scheme are £har8ed to the Statement of Finantial Activities in the period In which they are ineurrtd. 2 Legal status of the tNst Canterbury Food Bank CIO is a Charitable Incorporated Organisatlon and has no share tapital. The registered office of the charity is Unlt 29, Joseph Wilson Industrial Estate, Millstrood Road, Whitstable, Kent CT5 3PS. 16
Canterbury Food Bank CIO Notes to the accounts For the year ended 31 Decernber 2023 3 Comparatlve flnanclal Inforniatk>n The full Statement of Financial Activities for the prior 17 month period ended 31 Dernbel 2022 15 as foll(y General Dtslgnated Reslrlrted fund5 funds Total funds Incom1 resourtes Oonations and leBacies Investment income 1,044,120 2,483 3,LXJO 53,214 1,100,334 2.483 1,046,603 53,214 1.102.817 Resources expended Raising funds Chafltable activities 19.905 618.296 2.222 43,923 22.127 671,329 9,110 638.201 9.110 46,145 693,456 Net Income 408,402 16.1101 7,069 409.361 Transfer5 bptween lunds 1225.8811 236,995 111.1141 Net meMe In fvnds 182,521 230,885 14,0451 409,361 Total fvnds brouth fctnvard 75.645 378,610 30,833 485,088 Totsl fvnts carrfed forward 258,166 609,495 26.788 894,449 17
Canterbury Food Bank CIO Notes to the accounts For the year ended 31 December 2023 3 C¢>mparatlve Iln•n¢lal Informatk>n Icontlnutdl The comparative balance sheet as at 31 December 2022 is as follows: Gen•ral Deslgnated AestrS¢ted fund funds fund5 Total funds FIMed 359ets Tangible fixed assets 34.871 28,843 63.714 Current assets Stock Debtors and prepayrnents Cash at bank and in hand 17.993 26,209 182,859 17.993 26,247 790,261 38 12,0931 609.495 227,061 609.495 12,0551 834,501 Credltoys: Amounts falllni due wh1n one year Creditors and accruals 3,766 3,766 3,766 3,766 Net currènt ets 223.295 609,495 12.0551 830.735 Net assets 258.166 609,495 26.788 894.449 Represented by. Unrestrirted funds Restricted funds 258,166 609,495 867,661 26,788 26,788 Total fvnds 258,166 609,495 26,788 894,449 18
Canterbury Food Bank CIO Notes to the accounts For the year ended 31 December 2023 4 Intorne from dgn•tlons and leytles General Desn¥t•d Restrirted fund tunds lunds Total funds Total funds 2023 2023 1023 2023 2022 Cash donatlons recelvable Le8acies recelvabl Donated 8oods Intome from attlvltles for generatlnl funds and colle£tlons 450,014 97.381 547,395 699,775 50,0fy) 350,559 377,438 1,389 977.438 1.389 828.850 97.581 916,231 1,100,334 In the prSor period all Income related to the general fund wlth the exceptlon of cash donatlons r•c•lvable of E3,LW related ¢0 de518nated funds and E53,214 related to restrlrted funfls. The charlty beneflts greatly form the Involvement and enthu51astlc support of Its many volunteers. vlthout whorn the charSty would be unable to operate, further deta115 of whlch are Included the trustees. report. In accordante wlth the 50RP the econom1¢ contrlbutlon of general voluntetrsls not reco8nlsed In the accounts. 5 In¥stm•nt Incgme G•n•ral DeinItel Restrlcted lund funds fvnds Tgt¥l funds Total fund5 2023 2023 2023 2023 2022 8ank Interest recelvable 5,556 10.590 16,145 2.483 In the prlor perlod all Income related to the 8energ1 fund. 19
Canterbury Food Bank CIO Notes to the accounts For the year ended 31 December 2023 6 Costs of artlvttles lar ralslnifvnds General Delnated R•strlcted fund funds fvnd5 Tot•1 lunds Total lunds 2023 2023 2023 2023 2022 Wa8es and salarle5 Other fund raisin8 costs 21,372 755 1,411 1,411 1,411 INII 22.127 In the prlor perlod expendlture of £19,905 related to the 8eneral fund and £2,222 related to restrl¢ted fvnds. 7 Colts of ¢h4rlt•bl• 4rtfv1tlJ fjn•r•l D•sl8nat•d Restrfcted fvnd lundi funds Toul lunds Tot)I fuTrd5 2023 2023 2023 2023 2022 Groceries ¥nd other stock Items Patkagin8 Le?Ilets, promotlon and clothlni Property costs Wa8es and salarles Other personnel costs Telephone Insurance Motor txpen5es Other iravtl c051S Eq¥ipment C05ts Prlntln& p05ta8e and statlonery Meeting expenses Depreclation Si8npostin8 SUPPOrt Flnance cost5 PrDfesslonal fees Governance costs social vale measurement sundry expenses 387,546 86,200 8,500 260 482246 2.666 1.654 397,225 3,161 1,014 43,086 162,872 8,36S 3,754 3,290 5,066 5,417 12,275 2,473 804 10,704 694 10,563 137,212 10,790 3.037 2,74S 2,723 S,OZ4 9,569 2,152 1.003 10.0S4 14,337 16.120 11,000 4.215 164.332 15.005 3.507 2,745 4.733 8.19B 9,6Y2 2.152 L003 19,963 470 io 1.974 1,200 1,254 1.254 1,904 9,450 1,165 5.903 1.165 5,903 470 591,980 107,415 51,643 751,038 671,330 20
Canterbury Food Bank CIO Notes to the accounts For the year ended 31 December 2023 7 Costs ¢1 Charable ortbthles Icontlnuedl Prlor period analysis.. General D•%l8n¥ted R•rtrlct•d lund funds lunds Totsl fvndi 2022 2022 2022 2022 Grocerles and other stock Items Packa8ln8 Leaflet5. promotlon and clothln8 Property costs Wa8ès and 5alarles Other personnel costs Telephone Insuran¢e Motor expenses Other travel costs Equlpmtnt cost5 Prlntin& posta8e and statlonery Meetln8 expenses DepretiatioTr Slgnpostini support Flnanct costs Prolesslonal lee5 Sundry expenses 388,509 2,661 1,014 27,086 146,670 5.055 3,754 3.290 5,066 5.417 12,275 2,473 804 2,399 8,500 216 5CKI 397,225 3,161 1,014 43,086 162.872 8.365 3,754 3,290 5.066 5,417 12,275 2,473 804 10,704 16,000 16,202 2,700 610 8,305 1,904 9,450 470 1,904 9.450 470 618,297 9,110 43.923 671.330 8 Staff eosts, truit••i Inform•tlon and rel•ted party trins•rtloni X129 2022 S•l¥rles and wages Social security costs Pension costs 154,930 5,167 4235 178,280 9,298 3,571 164,332 191,149 The avera8e number of ernployees during the period was.. 21
Canterbury Food Bank CIO Notes to the accounts For the year ended 31 December 2023 8 Staff costs, tNstèes Informitlon Ind r•lit•d p•rtytransKIIon5 Icontlnuedl No employee earned more than £60,000 In elther the current perlod or prevlous year. The charlty trustees were not pald or received any other beneflts fTOrn employment wlth the charlty. Expenses totallln8 £20712022.. £6911 were relmbursed to trustees during the year. The key management of the charlty cornprlse the trustees and the senlor managernent team. The total rtmvneratlon piyable to key mana8ement durln8 the year amounted to £77,80512022.. E96.4431. Wlth the exception of mlnor donatlons retelvablt tot•llill8 £577 there were no trans¥Ct5ons wEth related partles other than those noted above12022'. £6711. 9 Taxatlon The chariiv is exempt frorn tax?tlon on Incorne and galns to the èxtent that these are applled to Its charltable oblects. 10 TaniSbl• flmed •sstts Leasehold lfflprovementj equlpment Moior v•hlcles Total Coit As at l January 2023 Addltlons Olsposals 58.930 18,890 120,5821 8,073 IA81 37.995 104,998 30,771 120,5821 A5 at 31 December 2023 67,230 9.954 37,995 115,187 O•preclètlon As at l January 2023 Char8e lor the period Dlsposals 29,902 12,413 120,5821 1,382 1.991 io,(#)o 5,559 41,284 19,963 120,58ZI As at 31 December 2023 21,733 3,373 15,559 40,665 Net book v•lut As at 31 December 2023 45,505 6,581 2Zh36 74,522 As at 31 December 2022 29.028 6,691 27,995 63.714 22
Canterbury Food Bank CIO Notes to the accounts For the year ended 31 Dember 2023 11 Debtors 2023 2022 ftent deposit Grft aid recoverable Grants receivable orher sundry debtors Prepayments 4,360 62,469 6,025 8,973 7,250 9,639 80.968 26,248 12 Credhors 2023 2022 3,449 3.775 Accruals 3,766 7,21A 3,766 13 Op•ratln¥ lease commltments At 31 Deternber 2023 the charity had operating lease commitments falllng due for payment as follows.. 2023 2022 Wlthin one year Between one and five years 16,000 29,516 16,000 45,516 45,516 61,516 The charity has an option to acquire the leasehold property it occupSes at a purchise price equlvalent to the hS8her of £250,[ orthe rnarket value of the property. 23
Canterbury Food Bank CIO Notes to the accounts For the year perlod ended 31 December 2023 14 Analysls of charltsfyle fvnd5 Atai December 2023 At l Januory 1023 Income Expendlture Transfers GenÈrdl fvnd 258,166 834.406 1593,391) 1224,1301 275.050 D¢siqnated lunds Future employment Overhead5 Rental reseNe New prernise5 acquIsl0 Training costs Housing support Beneflts adviser 80,000 30,000 605 242 97 19.395 100,000 30,242 8.097 3SO.000 285 223,176 25.iyx) 300,OCKI 3.000 188A95 40,354 14,215) 1103,2001 137,881 25.Otrtl 609A95 10,590 1107.4151 224.130 736.8th1 Restrirted funds Pool vehicle Rlvefs*de warehouse tosts Specific operations grants Food costs grants NL cost of liwng New warehouse NL property Raise the Rent appeal Fuel vouchers 14,500} 126,1421 12.6431 17,2661 111,0921 62,469 1.493 28,306 175 438 36327 10,632 24.6SI 15.393 13.6111 3,611 10,917 478 916 26,788 97,381 ISl,6431 72,526 Totsl funds 894A49 942,376 1752,4491 1.084.376 24
Canterbury Food Bank CIO Notesto the accounts For the year perlod ended 31 December 2023 14 Analy51s of charltsble lunds Iconllnuedl Analysls of charitable fund5 in previou5 period At31 December 2022 At l August 2021 Income Expendlture Tran$tsrs Genèral lund 75,645 1,046,603 1638,2011 1225,8811 258,166 D•slsnated fvnds Future ernployment Overheads Rental reserve llew PTemi5es acqvlsltlon Trainin8 Costs Housing support 50.000 20,Cq)O 8,0 300,1J)O 610 BO,0 30,0 8.000 300,000 io,oo) 16101 18,5001 196,995 188,495 378,610 3,000 19.1101 236,995 609.495 Restrlrted fund5 Pool vehicle Riverside warehouse costs Speciflc operations grants Food t05ts grants Speclfic operations 8rants New warehouse Raise the Rent appeal Fuel vouchers 2.379 16151 11.7641 12.809 8,276 7.367 15.716 33.545 3.550 403 118,5251 110,0001 I27,()3? 575 15,393 10,917 478 75 30,833 53,214 146,1451 111.1141 26,788 Totèl fvn¢ts 485,088 1.102.817 1693.4561 894,449 Details of funds.. al Oesi8nated future employrnent fund.. funds Set aside to allow for the expansion of the ch&rfty'S workforce necessary to rneet increased demand forthe charity's services. bl Designated overheads fund.. contingentyfund to be able to meet the charity's obligations should income cease unexpectedly. cl Designated rental funrj.. to cover future rental comrnitrnents at the charity's warehouse. dl Desl8nated new premises acqulsltlon fvnd.. to fund the acqulsltion of a permanent home forthe charlty. 25
Canterbury Food Bank CIO Notes to the accounts For the year perlod ended 31 December 2023 14 An8lysls ol ¢harbtsble fvnds Icontlnuedl el Deslgnated trainin8 costs fund.. to upskS11 the charlty's trustee5, staff and volunteers. fl Designated Houslng Support fund.. a reser¥e for Hou51ng Support funds recelved from Canterbury City Councll. gl Designated benefit5 advSserfund: to expand the charity'5 actlvltles to include the pro¥Asion of beneflts advice. h) Restrfcted pool vehlcle fund.. funds donated to purchase th• pool vehScle and agalnst wh5ch depreclatlon is charged. 11 Restricted Rlverslde Costs fund: funds donated forihe refurblshment of the Rlverslde wareh¥u5e ?8alnst whlch depreciatlon Is tharged. jl Restrltted speciflc operatlons grants.. funds rKeSved to support van operaiipn5, the purchase of stora8e boxes and ba8$ for the dlstrlbutlon of food. kl Re5trlrted food t05t5 grants.. 8rants recelved to fln¥nce the pur¢h¥se of food for Incluslon In food parcels. 11 Restrlrted NL cost of Ilvln8 fvnd.. Nat5onal Lotttry grant recelved to adress the ¢0st of Ilvln8 crlsls. ml Restrlcted new warehouse.. fijnds ralsed to me•t the cost of movln8 to the charlty's new warehouse n) Restrlcted NL property fund.. Natlonal Lottery 8rJnt receive to equlp the charlty's nèw warehouse. ol Ilestrlcted Ralse the Rent Appeal.. funds ralsed to meet the cost of rtfitln8 the charlty's new warehouse pl Restrlrted fuel vouchers.. Funds recelved sperlflcally to acqulre fuel vouthers 26