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2022-03-31-accounts

REGISTERED CHARITY NUMBER: 1155197

Report of the Trustees and

Financial Statements for the Year Ended 31st March 2022

for

Chichester District Foodbank

Sheen Stickland Chartered Accountants

7 East Pallant Chichester West Sussex PO19 1TR

Chichester District Foodbank

Contents of the Financial Statements for the Year Ended 31st March 2022

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 18

Chichester District Foodbank

Report of the Trustees for the Year Ended 31st March 2022

The trustees present their report with the financial statements of the charity for the year ended 31st March 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).

ACHIEVEMENT AND PERFORMANCE

Main activities undertaken to further the charity's objectives

As Chichester District Foodbank entered April 21 we were still feeling the effects of the Covid-19 pandemic and by the end of March 22 figures were still 48% up, compared to the pre-pandemic year of April 2019 to March 2020. The number of clients fed however, was down on the previous year 20/21 by 8%. At first glance this slight decrease may have suggested that as we were starting to move out of the pandemic less people were using the foodbank, however when examining the number of vouchers fulfilled there was actually only a 1 voucher difference between 20/21 and 21/22, so foodbank usage had in fact remained constant. The decrease was due to the reduction in the number of people being fed per voucher as we saw less two parent families (139) accessing the service when furlough stopped and people went back to work. During 21/22, 2,122 three-day emergency food parcels were given out to feed 5,403 local people in crisis (2,006 were children), compared to 2,123 food parcels feeding 5,889 people in the previous year. During 21/22 we found 64% of all our clients needed our service because they were on low income. These clients were either earning a low wage or could not manage on their benefits due to the fact they were living in a District with a high cost of living. This was compounded by those being placed on furlough during the pandemic as living on 80% of an already low income tipped families into poverty. In a District of which 61% is rural those on low income also faced increased costs for travel to work, school, doctors, supermarkets and to access government services. As a result of the cost of living crisis we are once again beginning to see more people access our service.

Reasons for people coming (numbers fed)

Covid-19

At the beginning of April 2021 the pandemic still had an effect on the numbers accessing our service and foodbank procedures. We continued to run a delivery only service across the District and a telephone signposting system was set up to support clients. In September the foodbank centre in Chichester and Selsey returned to collection points, where clients could once again pick up a parcel and receive face to face support. Midhurst and Petworth have remained delivery only services. We also saw a very generous increase in food and financial donations during this year. We want to thank the local community for the way they provided food, finance and manpower to get us through this difficult time.

Page 1

Chichester District Foodbank

Report of the Trustees for the Year Ended 31st March 2022

Family size that access the Foodbank

Warehouse

The sorting and storing of food continues to take place in St John's Hall in Chichester. However, the increased demand for food and the need to store prepacked kids lunch packs has continued to place more pressure upon the warehouse space. The Foodbank is currently looking for a new warehouse space of 250m2. This will have a financial implication for the Foodbank.

Foodbank Centres

Chichester District covers 303.6 square miles. Chichester District Foodbank has four foodbank centres serving clients across the District, in Chichester, Selsey, Petworth and Midhurst. The Foodbank works with 197 local agencies, including Citizens Advice, Social Services, health professionals, schools and churches who identify people in crisis and give them a foodbank voucher, which they exchange for a 3-day food parcel.

Midhurst have seen a 2% rise in the number of people fed in 2021/22 and Chichester and Petworth a slight decrease.

During the year ending 31st March 2021 we partnered with Selsey Community Forum, who provided support to vulnerable people, to help Selsey residents in crisis. Clients in their initial crisis were referred to the foodbank centre for food and then offered support through the Selsey Care shop, including debt advice. This increased community support, plus the establishment of a pantry has seen a reduced number of people needing to use the foodbank centre in Selsey.

Page 2

Chichester District Foodbank

Report of the Trustees for the Year Ended 31st March 2022

Number accessing each foodbank centre

Kids Holiday Lunch Pack Scheme

Since 2016, Chichester District Foodbank has also responded to child hunger in the school holidays by providing fortnightly lunch packs to children on free school meals due to low income during Easter, Summer and Christmas. There are over 2,400 children in this category in the District. To ensure the packs got to the right children the Foodbank worked with 50 local schools to identify the families that needed help. The pandemic meant we had to develop a new business process to allocate and distribute the lunch packs. Once schools had sent over the number of children who needed help, they were sent a set of codes which were allocated to the families. Families would then fill out a registration form, which they accessed through our website and a parcel was delivered during the week that led up to the holiday. From September 2021, Chichester and Selsey, parents returned to collecting the lunch packs from a number of collection points at local churches across the city and peninsula. Kid's lunch packs cover 10 meals over a fortnightly period. This year we gave out 1,150 (2 parcels per child covering 30 meals to cover 6 weeks) at summer, 808 at Christmas and 615 at Easter worth £18.45 each.

Partnerships

Public Support

We rely heavily on the generosity of the public to donate food and this year we saw 94,896kg of food, toiletries and household cleaning products donated. 103,563kg was given out in three-day food parcels to individuals and families in crisis or children through the lunch pack scheme.

Page 3

Chichester District Foodbank

Report of the Trustees for the Year Ended 31st March 2022

Gifts in Kind

We are grateful for the ongoing support of Panther Hire, who provide a van in kind, twice a week, to pick up and drop off food donations and Wiley Publishers who provide cardboard boxes for our Kids Lunch Packs and Emergency Food Parcels.

A big thank you to all those who support the work we do at Chichester District Foodbank we could not do it without you. Your time, finance and food donations make a real difference to families facing food poverty in the district. Since we opened in September 2012 we have fed 29,069 people, including 11,784 children, until the end of March 2022.

Volunteers

The trustees continue to be grateful for the unstinting efforts of a large number of volunteers who willingly give many hours each week collecting, sorting and distributing food. No exact record is kept of the time given on a voluntary basis, but on an average of 211 volunteers working an estimated average of three hours per week, the value of their contribution, at the level of the living wage, is a total of £312,702 per annum. Without this contribution the Charity could not function.

Fundraising

Donors to Chichester District Foodbank can be assured that it complies with the regulatory standards for fundraising. As a small charity it is not registered with the Fundraising Regulator, but it is committed to adhere to the Code of Fundraising Practice. Fundraising activities are executed by the Charity's employees and volunteers. External fundraising service providers are not used. This report covers the requirements charities must follow as set out in the Charities Act 2016.

It cost £120,926 to provide the Foodbank's services during the year to 31 March 2022. The Trussell Trust granted £7,849 which was restricted to pay for the Operations Manager and Sainsbury granted £1,000 to use on the Kids Lunch Packs and £10,000 from Sussex Community Foundation was unrestricted. Other grants totalled £3,962 and the rest of the funding came from the local community through regular and one-off donations. Fundraising involves writing grant funding applications and encouraging regular and one-off donations from local supporters, businesses and community groups across the District. Enthuse, winners of an Institute of Fundraising award in 2019, provide the Foodbank's online giving platform and the Charity ensures they comply with the Code of Fundraising Practice. In accordance with GDPR regulations the Charity's privacy policy is outlined on its website. Supporters' data is held securely and only used to send Foodbank newsletters or similar communications. Supporters can choose to unsubscribe from the list at any time.

FINANCIAL REVIEW

Financial position

The Charity received support during the year from statutory authorities, grant making trusts, churches, individuals and community groups. Income was £129,086 (2021: £291,098). The reduction in income can be attributed to extraordinary donations received during the 2020 Covid lockdown.

Charitable activity costs totalled £119,111 (2021: £97,892).

At 31 March 2022 the charity held: restricted reserves of £37,922 (2021: £216,259), designated funds of £179,953 to meet development activities as stated in the revised Reserves Policy and unrestricted general reserves of £90,000 (2021: £81,713) (excluding fixed assets).

Investment policy and objectives

Under its constitution the Charity has the power to invest funds in the furtherance of its charitable objectives. Investments must be made in the same manner and subject to the same conditions as are permitted by the Trustee Act 2000. Other than funds on deposit with its bankers the Charity does not currently hold any investments. If at a future date funds are invested elsewhere the trustees will have regard to the need to consider socially responsible investments.

Page 4

Chichester District Foodbank

Report of the Trustees for the Year Ended 31st March 2022

FINANCIAL REVIEW

Reserves policy

The Trustees retain sufficient reserves to meet all financial obligations and ensure the prudent management of the activities of the charity. The nature of the charity's activities can be volatile with the needs of clients fluctuating seasonally, with changes in personal finances and as a result of national economic factors. Income from donations and grants also vary considerably. Consequently, the Trustees agreed to establish a minimum level of £90,000 reserves deemed to be sufficient to meet the equivalent of 6 months of normal operating costs of running the charity and staff redundancy costs in the event the charity ceases to operate.

Unrestricted Funds of £269,953 as at 31st March 2022 exceeds the minimum level of £90,000 primarily as a result of extraordinary donations received during the 2020 Covid lockdown. Consequently, the Trustees have earmarked the remaining funds of £179,953 to a special Designated Fund which will be held for specific financial commitments as the charity continues to grow to meet the anticipated future demand for its services arising from the cost of living crisis. The Fund is designated for three particular development activities:

Restricted Funds of £37,922 represent residual grants and donations earmarked for specific projects such as the Kids Holiday Lunch Packs and support for Foodbank Centres across the district.

Due to the nature of the charity this Policy is to be reviewed annually as part of the preparation of the Annual Report and Accounts.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue its operations for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Risk management

The trustees acknowledge they have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. They have put in place procedures to identify, monitor and review these risks. Risk mitigation and effectiveness is reviewed in March each year and health and safety, safeguarding and financial procedures are reviewed in July each year.

Page 5

Chichester District Foodbank

Report of the Trustees for the Year Ended 31st March 2022

FUTURE DEVELOPMENTS

Rural development : to ensure the optimum balance between need, provision and accessibility the Charity continues to look at ways of providing a service to clients who cannot easily get to a foodbank centre. The charity is looking at purchasing a small transit van to take the foodbank service to rural areas. This will have financial implications on the Foodbank.

Community service : The Charity will continue to provide voluntary positions for individuals needing community service through probation, colleges, Job Clubs and similar organisations.

Outreach worker : Based upon the successful pilot undertaken with Chichester District Council and to meet the growing complex needs of clients, the Foodbank will work towards employing an outreach worker who can help them with their debt, rent arrears, housing issues and other complex needs. This will have financial implications on the Foodbank. During the interim period volunteers will be given more robust signposting training and there will be discussions with the Citizens Advice and Christians Against Poverty to place an advisor in foodbank sessions.

Staffing : The increased demand for the Foodbank in both the city and 3 rural centres has placed a growing pressure upon the existing staff and key volunteers. To increase capacity, the Operations Manager has become a full time role and an administrator has been employed. To meet our strategic aims to address the issues surrounding local poverty and include those with lived experience in our decision making the Foodbank will employ a Local Mobilisation and Campaigns Manager alongside a Lived Experience Coordinator. This will have financial implications on the Foodbank.

Trussell Trust Pathfinder Programme : Chichester District Foodbank was successful in its application to become one of the Trussell Trusts foodbanks to join its development and support programme for the next 3 years. The Foodbank has also been successful in being accepted onto the Organising Local Mobilisation Programme to help tackle local issues causing poverty. This will start in September 2022.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

Recruitment and appointment of new trustees

The Charity's constitution specifies that there must be at least three and not more than ten trustees who serve for a period of three years. They can be reappointed but cannot serve for more than three consecutive terms. In selecting individuals for appointment regard is taken of the skills, knowledge and experience needed for the Charity's effective administration. Before appointment trustees must confirm that they are in sympathy with the Charity's Christian basis and are briefed on the Charity's activities. On appointment they complete Fit and Proper Person forms and Declarations of Interests. New trustees are supplied with a copy of the governing document and with appropriate Charity Commission publications. All trustees take seriously the obligation to maintain their knowledge. Appropriate training is provided.

Executive Remuneration

The Charity does not have a written remuneration policy. It reviews salaries each year and seeks to benchmark against comparable organisations. Trustees do not receive any payment or benefits for their work either as trustees or as volunteers.

Patron

The Charity is honoured by Imogen Stubbs' continuing in her role of patron.

Reporting Serious Incidents

In line with the Charity Commission's guidance on reporting serious incidents, the trustees declare that during the reporting period there were no serious incidents that they have failed to bring to the Commission's attention.

Safeguarding

The Charity works with adults with care and support needs and also has contact with children. It has written safeguarding policies.

Independent Examiner

Amy Kensett of Sheen Stickland is appointed as the Charity's Independent Examiner.

Page 6

Chichester District Foodbank

Report of the Trustees for the Year Ended 31st March 2022

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1155197

Principal address Chichester District Foodbank The Transformation Centre 21 Orchard Street Chichester West Sussex PO19 1DD

Trustees D A Willis Chairman (resigned 19.7.22) G Burn P Collins A Green (resigned 9.8.22) T James Treasurer (resigned 16.2.22) J Roberts D Grove (appointed 16.2.22) Patron Imogen Stubbs

CEO Joanne Kondebeka Independent Examiner A C Kensett FMAAT FCCA Sheen Stickland Chartered Accountants 7 East Pallant Chichester West Sussex PO19 1TR

Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

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

........................................................................ P Collins - Trustee

Page 7

Independent Examiner's Report to the Trustees of Chichester District Foodbank

Independent examiner's report to the trustees of Chichester District Foodbank

I report to the charity trustees on my examination of the accounts of Chichester District Foodbank (the Trust) for the year ended 31st March 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.

A C Kensett FMAAT FCCA Sheen Stickland Chartered Accountants 7 East Pallant Chichester West Sussex PO19 1TR

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

Page 8

Chichester District Foodbank

Statement of Financial Activities for the Year Ended 31st March 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
105,401
Investment income
3
188
Total
105,589
EXPENDITURE ON
Raising funds
4
44
Charitable activities
5
Foodbank Operation
89,196
Total
89,240
NET INCOME/(EXPENDITURE)
16,349
Transfers between funds
12
171,891
Net movement in funds
188,240
RECONCILIATION OF FUNDS
Total funds brought forward
81,713
TOTAL FUNDS CARRIED FORWARD
269,953		 Restricted
funds
£
23,497
-
23,497
28
29,915
29,943
(6,446)
(171,891)
(178,337)
216,259
37,922		 2022
Total
funds
£
128,898
188
129,086
72
119,111
119,183
9,903
-
9,903
297,972
307,875		 2021
Total
funds
£
291,067
31
291,098
4,536
97,892
102,428
188,670
-
188,670
109,302
297,972

The notes form part of these financial statements

Page 9

Chichester District Foodbank

Balance Sheet 31st March 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
9
26
CURRENT ASSETS
Debtors
10
5,340
Cash at bank
266,350
271,690
CREDITORS
Amounts falling due within one year
11
(1,763)
NET CURRENT ASSETS
269,927
TOTAL ASSETS LESS CURRENT
LIABILITIES
269,953
NET ASSETS
269,953
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
1,729
-
36,193
36,193
-
36,193
37,922
37,922		 2022
Total
funds
£
1,755
5,340
302,543
307,883
(1,763)
306,120
307,875
307,875
269,953
37,922
307,875		 2021
Total
funds
£
2,885
4,920
294,640
299,560
(4,473)
295,087
297,972
297,972
81,713
216,259
297,972

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

............................................. P Collins - Trustee

The notes form part of these financial statements

Page 10

Chichester District Foodbank

Notes to the Financial Statements for the Year Ended 31st March 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.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

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.

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.

Tangible fixed assets

Tangible fixed assets transferred from the Chichester Family Church's Foodbank Project on 1 April 2014 were not valued and have no been capitalised and therefore no depreciation is provided. Fixed assets costing £1,000 or more are capitalised and depreciated at 25% per annum on a straight-line basis. Assets costing less than £1,000 are written off in the year of purchase.

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 11

Chichester District Foodbank

Notes to the Financial Statements - continued for the Year Ended 31st March 2022

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
Grants received, included in the above, are as follows:
Other Grants
Dexam Trust
Midhurst Infant Welfare Trust
Trussell Trust
The Aldama Foundation
West Sussex County Council - Local Assitance Network
Sainsbury
Sussex Community Foundation
The Ralf Trust
Ferry Farm Community
The Boltini Trust
3.
INVESTMENT INCOME
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Fundraising costs		 2022
£
92,639
13,448
22,811
128,898
2022
£
500
-
-
11,311
-
-
1,000
10,000
-
-
-
22,811
2022
£
188
2022
£
72		 2021
£
175,529
17,357
98,181
291,067
2021
£
2,583
2,000
8,250
12,260
10,000
5,000
-
40,088
3,000
10,000
5,000
98,181
2021
£
31
2021
£
4,536

continued...

Page 12

Chichester District Foodbank

Notes to the Financial Statements - continued for the Year Ended 31st March 2022

5. CHARITABLE ACTIVITIES COSTS

Foodbank Operation
6.
SUPPORT COSTS
Foodbank Operation		 Direct
Costs
£
117,096		 Support
costs (see
note 6)
Totals
£
£
2,015
119,111
Governance
costs
£
2,015

Bookkeepers' fees of £3,918 (2021: £2,880) that might be regarded as support costs have been included in direct charitable costs on the basis that they are part of the expense of the charitable activities of the Charity.

Included in governance costs are independent examiner fees of £1,140 (2021: £950).

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administration		 2022
£
67,968
-
1,744
69,712
2022
4		 2021
£
53,330
3,245
1,491
58,066
2021
3

No employees received emoluments in excess of £60,000.

continued...

Page 13

Chichester District Foodbank

Notes to the Financial Statements - continued for the Year Ended 31st March 2022

9. TANGIBLE FIXED ASSETS

COST
At 1st April 2021
Additions
At 31st March 2022
DEPRECIATION
At 1st April 2021
Charge for year
At 31st March 2022
NET BOOK VALUE
At 31st March 2022
At 31st March 2021
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors		 Plant and
machinery
£
27,852
1,338
29,190
24,967
2,468
27,435
1,755
2,885
2022
2021
£
£
4,410
3,990
930
930
5,340
4,920
2022
2021
£
£
813
1,262
-
1,444
950
1,767
1,763
4,473

continued...

Page 14

Chichester District Foodbank

Notes to the Financial Statements - continued for the Year Ended 31st March 2022

12. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated fund
Restricted funds
Midhurst Centre
Petworth Centre
Selsey Centre
Holiday Lunch Packs fund
Salary fund
TOTAL FUNDS
Net movement in funds, included in the above are
Unrestricted funds
General fund
Restricted funds
Midhurst Centre
Petworth Centre
Selsey Centre
Holiday Lunch Packs fund
Salary fund
TOTAL FUNDS		 At 1.4.21
£
81,713
-
81,713
59,322
30,847
20,330
76,000
29,760
216,259
297,972
as follows:		 Net
movement
in funds
£
16,349
-
13,084
507
1,455
(10,115)
(913)
2,620
(6,446)
9,903
Incoming
resources
£
105,589
10,228
4,352
70
998
7,849
23,497
129,086		 Transfers
between
At
funds
31.3.22
£
£
(8,062)
90,000
179,953
179,953
171,891
269,953
(50,178)
9,651
(25,161)
7,141
(10,215)
-
(63,652)
11,435
(22,685)
9,695
(171,891)
37,922
-
304,610
Resources
Movement
expended
in funds
£
£
(89,240)
16,349
(9,721)
507
(2,897)
1,455
(10,185)
(10,115)
(1,911)
(913)
(5,229)
2,620
(29,943)
(6,446)
(119,183)
9,903

Page 15

continued...

Chichester District Foodbank

Notes to the Financial Statements - continued for the Year Ended 31st March 2022

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Midhurst Centre
Petworth Centre
Selsey Centre
Holiday Lunch Packs fund
Salary fund
TOTAL FUNDS		 At 1.4.20
£
108,355
-
-
-
947
-
947
109,302		 Net
movement
in funds
£
162,763
9,144
5,686
(7,399)
11,401
7,075
25,907
188,670		 Transfers
between
funds
£
(189,405)
50,178
25,161
27,729
63,652
22,685
189,405
-		 At
31.3.21
£
81,713
59,322
30,847
20,330
76,000
29,760
216,259
297,972

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

Unrestricted funds
General fund
Restricted funds
Midhurst Centre
Petworth Centre
Selsey Centre
Holiday Lunch Packs fund
Salary fund
TOTAL FUNDS		 Incoming
resources
£
216,787
25,343
12,000
2,121
22,587
12,260
74,311
291,098		 Resources
Movement
expended
in funds
£
£
(54,024)
162,763
(16,199)
9,144
(6,314)
5,686
(9,520)
(7,399)
(11,186)
11,401
(5,185)
7,075
(48,404)
25,907
(102,428)
188,670

Page 16

continued...

Chichester District Foodbank

Notes to the Financial Statements - continued for the Year Ended 31st March 2022

12. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Designated fund
Restricted funds
Midhurst Centre
Petworth Centre
Selsey Centre
Holiday Lunch Packs fund
Salary fund
TOTAL FUNDS		 At 1.4.20
£
108,355
-
108,355
-
-
-
947
-
947
109,302		 Net
movement
in funds
£
179,112
-
179,112
9,651
7,141
(17,514)
10,488
9,695
19,461
198,573		 Transfers
between
funds
£
(197,467)
179,953
(17,514)
-
-
17,514
-
-
17,514
-		 At
31.3.22
£
90,000
179,953
269,953
9,651
7,141
-
11,435
9,695
37,922
307,875

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
Midhurst Centre
Petworth Centre
Selsey Centre
Holiday Lunch Packs fund
Salary fund
TOTAL FUNDS		 Incoming
resources
£
322,376
35,571
16,352
2,191
23,585
20,109
97,808
420,184		 Resources
Movement
expended
in funds
£
£
(143,264)
179,112
(25,920)
9,651
(9,211)
7,141
(19,705)
(17,514)
(13,097)
10,488
(10,414)
9,695
(78,347)
19,461
(221,611)
198,573

Transfers between funds

In accordance with the Reserves Policy (see page 5) the General Reserve of £90,000 is deemed to be sufficient to meet the equivalent of 6 months of normal operating costs. The Trustees have created a new Designated Fund of £179,953 which will be held for specific financial commitments as the charity continues to grow to meet the anticipated future demand for its services across the whole of the Chichester District.

A transfer of £17,514 was made from the General Fund to the Selsey Centre to clear the fund deficit.

The remaining transfers between the general fund and restricted funds relates to a correction to the prior year, when overheads were split between the General Fund and Midhurst Centre, Petworth Centre, Selsey Centre, the Holiday Lunch Packs Fund and the Salary Fund. It was decided to reverse this in the current year to more accurately reflect the values of the funds at the year end.

continued...

Page 17

Chichester District Foodbank

Notes to the Financial Statements - continued for the Year Ended 31st March 2022

13. RELATED PARTY DISCLOSURES

The Transformation Centre provided the charity with premises for the year at an annual rent of £10,892. Geraldine Burn and Trevor James are both trustees of the Transformation Centre. Bruno Kondabeka, the CEO’s husband, is also a trustee of the Transformation Centre.

Page 18