## SLOUGH FOODBANK Registered Charity Number 1153813 Trustees Annual Report and Accounts Year ending 31[st] December 2022 SLOUGH FOODBANK ## Contents of the Financial Statements for the Year Ended 31 December 2022 ||Page| |---|---| |Report of the Trustees|1 to 6| |Independent Examiner's Report|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Financial Statements|10 to 15| SLOUGH FOODBANK Report of the Trustees for the Year Ended 31 December 2022 The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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** The object of Slough Foodbank, is the prevention or relief of poverty in the United Kingdom but primarily in Slough and the surrounding area in particular but not exclusively by providing emergency food supplies to individuals in need, as motivated by the principles of the Christian Faith. ## **Significant activities** Slough Foodbank supplied food parcels containing three days supply of nutritionally balanced food to everyone referred to the foodbank who is in food poverty crisis for whatever reason. Slough Foodbank collected donated food and toiletries from the local community to enable those people referred to Slough Foodbank to receive a food parcel. Slough Foodbank maintained its network of referral agencies in Slough, to ensure that those in food poverty crisis are referred to Slough Foodbank. Steps to Providing Food Parcels to Referred Clients: - Donations and purchases of Food and toiletries are delivered to the main Slough Foodbank warehouse, weighed and then sorted by category and best by date. - Food parcels are packed in a second warehouse. - Most Food parcels are delivered to distribution centres for collection by referred clients. - A limited number of food parcels are delivered direct to the homes of clients who are too incapacitated to attend a distribution centre. In addition to food parcels, Slough Foodbank provided emergency fuel vouchers to those in food crisis during 2022. Assistance was given to clients with a pre-payment key who did not have sufficient gas or electricity to cook the food Slough Foodbank provided. Sadly, the cost-of-living crisis in 2022 resulted in a further surge in demand for both food and emergency fuel vouchers. ## **Grantmaking** Slough Foodbank currently does not make grants to third party good causes. Some surpluses of individual food categories were passed to other foodbanks or local charities that feed people, to avoid food waste. Page 1 SLOUGH FOODBANK Report of the Trustees for the Year Ended 31 December 2022 ## **OBJECTIVES AND ACTIVITIES** ## **Volunteers** During 2022 Slough Foodbank had 130 volunteers, higher than in 2019, the last pre-pandemic year. These volunteers remain critical to the operation of Slough Foodbank. The trustees are very grateful for the contribution made by our volunteers. Throughout the year, volunteers were engaged in collecting food donations, warehousing, prepacking food parcels, delivering food parcels, transporting food parcels to distribution centres and administering the referral system. Slough Foodbank also engaged with local businesses for teams of corporate volunteers to assist regular volunteers with sorting stock and packing food parcels. Page 2 SLOUGH FOODBANK Report of the Trustees for the Year Ended 31 December 2022 ## **ACHIEVEMENT AND PERFORMANCE Charitable activities** Referrals of People in Food Poverty During 2022, 208 agencies in the Slough area referred clients to Slough Foodbank compared to 218 in 2021, including homeless charities and housing associations, jobcentres, probation services, local government agencies schools and other children's agencies, surgeries churches and other charities. Slough Foodbank received 4183 referrals in 2022 compared to 3517 referrals during 2021. ## Food Donation Levels Slough Foodbank received 96 tonnes of food and toiletries donations during 2022 from local churches, schools, shops, businesses, and private donations. This is a small increase (5%) compared to 90.7 tonnes received in 2021. ## Increased Distribution of Food Parcels Slough Foodbank provided 9322 emergency food parcels during 2022 compared to 7365 in 2021 and 4783 in 2019. These food parcels helped feed a large number of people, 3521 of these were children. The vast majority of this food was distributed through distribution centres across the greater Slough area. During 2022, Slough Foodbank operated five distribution centres one of which opened twice a week, the remainder opened once a week. In 2022 836 home deliveries were required. This is a reduction of almost 20% from 1036 in 2021, as fewer clients were isolating, and clients were encouraged to attend distributions centres where possible. ## The Cost of Food Purchases Close to Double Previous Year Food purchases costed £20K in 2022 compared to £11k in 2021. This large increase was due to a combination of increased food costs and demand exceeding donations for some items. ## Large increase in Fuel bank assistance to Slough Foodbank clients Slough Foodbank continued to use the Charis Grants scheme to provide emergency fuel vouchers in 2022. Slough Foodbank payments to Charis Grants in 2022 were £22k compared to £13k the previous year. The fuel bank funded emergency power for 601 homes in 2022 compared to 305 homes in 2021. This assistance was restricted to Slough Foodbank food referrals. Page 3 SLOUGH FOODBANK Report of the Trustees for the Year Ended 31 December 2022 ## **FINANCIAL REVIEW Financial position** Income fell from the exceptional 2020 level Income in 2022 fell by 30% compared to the previous year (2021) but was still well above pre Covid levels. The decline in income is accounted for by the decrease in large grants. In 2022, three grants over £4000 were received, totalling £16.8k, including a grant of £6.8k from Bucks County council. In 2021, grants over £4000 accounted for £75k. Online giving, mainly through the CAF platform, very similar to the previous year. Online giving accounted for 44% of income in 2022. The trustees of Slough Foodbank here express our thanks to all our donors, large and small, both regular and occasional, who through their generosity allow the charity to operate ## Restricted Funds During 2022 three Restricted funds operated. COVID, FOOD and FUEL. There was £22.6k in restricted funds at the beginning of 2022, split between the FOOD (£14k) and COVID(£8.6k) funds. The only restricted income received was £822 for the FUEL fund. Some COVID funds were spent during 2022 on providing additional hygiene measures on site (£897), and some was transferred to the FOOD fund (£1500) where this was consistent with the original grant terms. When the COVID fund was closed at the end 2022, after the end of the heath crisis, £6,222 remained in the COVID fund. The trustees agreed to designate this to the FUEL fund in the light of the emerging fuel crisis affecting Foodbank clients, then recovered from COVID. During 2022, Restricted FOOD funds were used to purchase £15k of food and essential toiletries, and restricted FUEL funds (£126.50) were used to pay Charis for Fuel vouchers. At the close of 2022, £1041 remained in restricted funds split between FOOD (£345) and FUEL (£695). ## Expenditure Across All funds Expenditure was 33% higher in 2022 compared to that of the previous year Most of this increase was driven by the increase in food purchases and fuel vouchers. Staff costs also increased compared to 2021, due to the need to recruit a new manager and manage an extended handover period to avoid disruption to Slough Foodbank operations. ## **Investment policy and objectives** The objective in the depositing of funds was to maximise coverage of the FCSC guarantee by spreading funds across current and savings accounts of different banking groups. Within that policy, some funds were deposited in a 95day notice deposit account at Redwood to earn interest. Page 4 SLOUGH FOODBANK Report of the Trustees for the Year Ended 31 December 2022 ## **FINANCIAL REVIEW** ## **Reserves policy** The reserves provide Slough Foodbank with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future. It is our policy to hold unrestricted cash reserves equivalent to at least twelve months operational costs or a minimum of £80,000. In addition to those reserves, £100k cash resides in a designated warehouse contingency fund. This allows the trustees to mitigate the risk of being given notice if the current landlords circumstances change. Since the level of unrestricted reserves in mid-2022 were well ahead of the minimum level, the trustees agreed that Slough Foodbank would not compete with local charities for further grants during 2022. The level of actual reserves is reviewed at each Trustees meeting. ## **Going concern** ## Outlook Demand for Slough Foodbank remains high in 2023 , is not expected to fall until issues relating to the high cost of living, high cost of housing and cost of personal debt are addressed. Trussell Trust has launched a lobbying campaign calling on the UK government to ensure Universal Credit covers essential costs such as food, travel and household bills. Slough Foodbank participates in a local housing forum for Slough. In addition, a grant from Trussell Trust in 2023 has allowed Slough Foodbank to launch a Financial Inclusion project in conjunction with Citizens Advice Bureau. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document and constitutes a CIO- Foundation, registered 16th September 2013 and amended on 16th May 2016. ## **Related parties** ## Relationship with the Trussell Trust Slough Foodbank is part of the foodbank network of the Trussell Trust. A formal review of the charity's processes is undertaken annually by representatives of the Trussell Trust. The Trussell Trust provides software systems for stock management, client referral, and volunteer rotas. Slough Foodbank policies exist for Safeguarding, Data management, Health and Safety based on Trussell Trust models. Other policies at Slough Foodbank include Staff Remuneration, Finance and Risk Management. ## **Risk management** The trustees are responsible for the overseeing of the risks faced by the foodbank. Risks are identified, assessed and controls established throughout the year via a risk register. The most significant risk is potential change to current no rent lease arrangements on warehousing space. Part of the reserves is used as a contingency for funding commercial rated warehousing if notice were given by the current landlord. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1153813 Page 5 T.W.Batt S.Bradlev L. Dolar R. Ford O.Oaunnivi A Seade A.Pttt R.Sinaleton or R.Sinaleton Until 31st July 2023 From 6111June 2023 Until 12th July 2023 From 28t11April 2023 From 22￿ May 2023 From May 2023 Trustees ￿ Slough FcK)dbank are required to have an affiliation wth a church. Slough Foodbank has a trustee induction programme. which includes an overvie4V of the constitution, finances and identrfying FQtential confiicts of inlerest. Independent Examiner Two Rivers Accountancy 38 Eton Wck Road Eton Wick Windsor Berkshire SL4 6JL Approved by order of the board of Trustees on ...srH June 2023........8nd signed on its behalf by.. C C Taylor Treasurer Page6 Independent Examiner's Report to the Trustees of SLOUGH FOODBANK ## **Independent examiner's report to the trustees of SLOUGH FOODBANK** I report to the charity trustees on my examination of the accounts of SLOUGH FOODBANK (the Trust) for the year ended 31 December 2022. ## **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** 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. Delia Allott F.C.C.A Two Rivers Accountancy 38 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL Date: .......26[th] October 2023........... Page 7 SLOUGH FOODBANK ## Statement of Financial Activities for the Year Ended 31 December 2022 |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
5
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
111,820
1,352
113,172
116,714
1,260
117,974
(4,802)
6,222
1,420
228,976
230,396|Restricted
funds
£
822
-
822
16,205
-
16,205
(15,383)
(6,222)
(21,605)
22,646
1,041|31.12.22
Total
funds
£
112,642
1,352
113,994
132,919
1,260
134,179
(20,185)
-
(20,185)
251,622
231,437|31.12.21
Total
funds
£
162,811
812| |---|---|---|---|---| |||||163,623| |||||101,063
-| |||||101,063| |||||62,560
-| |||||62,560
189,062
251,622| The notes form part of these financial statements Page 8 SLOUGH FOODBANK Balance Sheet 31 De￿mber 202 31.12.22 Total Thjnds 31.12.21 Total fund5 Unrestri(#ed Restricted fund fijnds Notes CURRENT ASSETS Cash al bank and in hand 230,396 1,041 231,437 251,622 NET CURRENT ASSETS 230,396 1,041 231.437 251,622 TOTAL ASSETS LESS CURRENT LIABILITIES 230.396 1,041 231,437 251,622 NET ASSETS 230,396 1.041 231,437 251.622 FUNDS Unrestricted fijnds Restricted funds 230.396 1,041 228,976 22,646 TOTAL FUNDS 231,437 251,622 The financral statements were approved by the Board of Twstees and authorised for issue on .. 5/ .. 6./.2. 0.2.. 3.....and were srgned on its behalf by.. CC Taylor- Trustee and Treasurer The notes fom part of these financial statements Page9 SLOUGH FOODBANK Notes to the Financial Statements for the Year Ended 31 December 2022 ## **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. The accounts have been prepared under the receipts and payments basis. The accounts comply with the appropriate legal requirements in that the gross recorded income from all sources did not exceed £250,000 and that the charity is not a company incorporated under the Companies Acts. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has received the funds. ## **Expenditure** Expenditure is accounted for on a payments basis and has been classified under headings that aggregate all cost related to the category. ## **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 details are included in the Trustees' report. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions are charged to the statement of Financial Activities when they have been paid into the scheme. Page 10 continued... SLOUGH FOODBANK Notes to the Financial Statements - continued for the Year Ended 31 December 2022 ## **2. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||31.12.22|31.12.21| ||£|£| |Deposit account interest|1,352|812| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**|Unrestricted
fund
£
132,811
812
133,623
64,707
68,916
425
69,341
159,635
228,976|Restricted
funds
Total
funds
£
£
30,000
162,811
-
812
30,000
163,623
36,356
101,063
(6,356)
62,560
(425)
-
(6,781)
62,560
29,427
189,062
22,646
251,622| |---|---|---| Page 11 continued... SLOUGH FOODBANK ## Notes to the Financial Statements - continued for the Year Ended 31 December 2022 ## **5. MOVEMENT IN FUNDS** |Net
movement
At 1.1.22
in funds
£
£
**Unrestricted funds**
General fund
228,976
(4,802)
**Restricted funds**
Covid
8,619
(897)
Food
14,027
(15,181)
Fuel
-
695
22,646
(15,383)
**TOTAL FUNDS**
251,622
(20,185)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
113,172
**Restricted funds**
Covid
-
Food
-
Fuel
822
822
**TOTAL FUNDS**
113,994|Transfers
between
funds
£
6,222
(7,722)
1,500
-
(6,222)
-
Resources
expended
£
(117,974)
(897)
(15,181)
(127)
(16,205)
(134,179)|At
31.12.22
£
230,396
-
346
695| |---|---|---| |||1,041| |||231,437| |||Movement
in funds
£
(4,802)
(897)
(15,181)
695
(15,383)
(20,185)| Page 12 continued... SLOUGH FOODBANK Notes to the Financial Statements - continued for the Year Ended 31 December 2022 ## **5. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
Net
Transfers
movement
between
At 1.1.21
in funds
funds
£
£
£
General fund
159,635
68,916
425
**Restricted funds**
General running expenses
-
17
(17)
Covid
9,750
(1,131)
-
Food
13,427
600
-
Part time staff
6,250
(5,842)
(408)
29,427
(6,356)
(425)
**TOTAL FUNDS**
189,062
62,560
-
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
**Unrestricted funds**
General fund
£
133,623
£
(64,707)
**Restricted funds**
General running expenses
18,000
(17,983)
Covid
-
(1,131)
Food
12,000
(11,400)
Part time staff
-
(5,842)
30,000
(36,356)
**TOTAL FUNDS**
163,623
(101,063)|At
31.12.21
£
228,976
-
8,619
14,027
-
22,646
251,622
Movement
in funds
£
68,916
17
(1,131)
600
(5,842)
(6,356)
62,560| |---|---| Page 13 continued... SLOUGH FOODBANK Notes to the Financial Statements - continued for the Year Ended 31 December 2022 ## **5. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
General running expenses
Covid
Food
Fuel
Part time staff
**TOTAL FUNDS**|At 1.1.21
£
159,635
-
9,750
13,427
-
6,250
29,427
189,062|Net
movement
Transfers
between
in funds
funds
£
£
64,114
6,647
17
(17)
(2,028)
(7,722)
(14,581)
1,500
695
-
(5,842)
(408)
(21,739)
(6,647)
42,375
-|At
31.12.22
£
230,396
-
-
346
695
-| |---|---|---|---| ||||1,041
231,437| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
General running expenses
Covid
Food
Fuel
Part time staff
**TOTAL FUNDS**|Incoming
resources
£
246,795
18,000
-
12,000
822
-
30,822
277,617|Resources
expended
£
(182,681)
(17,983)
(2,028)
(26,581)
(127)
(5,842)
(52,561)
(235,242)|Movement
in funds
£
64,114
17
(2,028)
(14,581)
695
(5,842)
(21,739)
42,375| |---|---|---|---| Page 14 continued... SLOUGH FOODBANK Detailed Statement of Financial Activities for the Year Ended 31 December 2022 ## **6. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2022. Page 15