OpenCharities

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2023-03-31-accounts

SORPreference
Summaryofthepurposesof Para1.17 OurFoodbankprovides3-dayemergency food
thecharityas setoutinits
governingdocument
packstothemostvulnerableresidentsfromall
communitiesintheBoroughofHertsmere.Most
ofourclients comefromBorehamwood.We are
alignedtoTheTrussellTrust,providingwell-
balanced and nutritionalfoodto ourservice
users,aswellasofferingotheressentials
includingtoiletriesand otherhousehold goods,
sothatwecan providethosepeoplewith dignity
duringtheirdifficulties.Weundertakeother
specificprojectstohelpalleviatethehardshipof
ourclients:these include {butare notlimitedto)
theprovisionofclothing,schooluniforms,
blankets,fuelvouchers,andheatersamongst
otheritems.We alsoservefamilylunchesand
hostactivitysessionsduringschoolholidays.
Weofferourclientsholisticandfinancial
support,providingnumerousresourceson-site,
withaccesstoservicesincludingCitizensAdvice,
TheBritishRedCross,TheJobCentreand
HealthyHubs.These activitiesareparticularly
beneficial,providingclientsnotjustwith'hand-
outs'butalsowitha'hands-up'.
Allof thistakesplace atStTeresa'sChurchHall,
291ShenleyRoad,Borehamwood WD6lTG.
Summaryofthemain
activitiesinrelationtothose
Para1.17and
1.19
Thisreporting periodwasfor14monthsdue
toachangeinourfinancialreportingperiod,
purposesforthepublic which nowends31stMarchinstead of31st
benefit,in particular,the January.Duringthisperiod,wehave:
activities,projectsorservices A)Helpedfeed12,234 people,42% of
identifiedintheaccounts. whomwerechildren.
B)Distributed 3,920foodpacks.
C)Donated 77,053kgofnon-perishable
food.
Ourfood donationscamefrom awideranae
ofsources,includingsupermarkets,faith
groups,schools,localclubsand
organisations,corporationsandindividuals.
Wehadtopurchasefoodthroughoutthis
period as well.
Wecontinuedtoremainopenfor2sessions
perweek,servingourcommunityon
MondaysandThursdays.
Weofferedholisticandfinancialsupport
' ·throughourcontinued partnershipwith
CitizensAdvice andtheBritishCross.We
alsoworkedcloselywithotherlocalagencies
,toprovidevitalsupportto ourclients.
We providedothermeansofassistance
throughout thisperiod,including(butnot
limitedto)the provisionoffueland
,, supermarketvouchers,providingfamily
,lunchesduringtheschoolholidays,offering
supporttohelpfamilieswithschooluniforms,
handing outChristmasHampersand
providingessential itemsovertheharsh
wintermonths.
Wealsoprovidedtoiletriesand petfood.
Statementconfirming
whetherthetrusteeshave
hadregardtotheguidance
Para1.18 Trusteeshavehadregardtotheguidance
issuedbytheCharityCommissionon public
benefit.
issuedbythe Charity
Commissionon public
benefit
**Additional information (optional) ** **Additional information (optional) **
y
h
toincludefurth
t
twh
tbt
oumaycooseom
ersatemens
erere evanaou:
SORPreference
BorehamwoodFoodbankdoesnotmake
Policyon grantmaking Para1.38 grants.
Wedonotmakeinvestments,exceptreceive
Para1.38 interestonourbankaccounts.
Policyonsocialinvestment
includingprogram related
investment-
.BorehamwoodFoodbankcontinuesto be
Contributionmadeby
volunteers
Para1.38 runalmostentirelyby volunteers.Wehave
3part-timepaidmembersofstaffwho
provideourvolunteerswith support,
guidance and organisenecessarytraining.
Wehaveapproximately65volunteerswho
workamazinglyhardtocreateasmooth-
running operation,gettinginvolvedinmost
facetsofthefoodbank.We areextremely
gratefulforalltheirenthusiasmand
dedication.

SORPreference
Our foodbankoffersavitalservicetoall
communitiesintheBoroughofHertsmere.
Summaryofthemain
achievementsofthecharity,
Para1.20 Wehavebeenservingourcommunityfor1O
yearsandhave growninstatureoverthis
period,supportingpeopleinawidevarietyof
identifyingthedifferencethe ways.Thisincludestheprovisionoffoodas
.charity's workhasmadeto
thecircumstancesofits
wellasofferingholisticandfinancialsupport
for thosewhostruggle and areincrisis.
beneficiariesandanywider
benefitstosocietyasa
whole.
Wearewellsupported by3part-time
membersofstaffalongwitharound65
volunteers,offering awannandfriendly
servicetothosewhoneedoursupport.
Weare proudthatwehavebeenreliable
and haveremainedopeneveryweek,even
duringthePandemic.This wasahuge
benefittoourcommunity.
Wehavebeenabletokeepourfoodpacks
atagoodsizetoprovidehouseholds with
emergencyfoodtolast3days,and
wheneverdonationshave dipped,wehave
hadthefinancialresourcestopurchase
additionalstock withoutimpactingthe
parcelsweoffer.Despitetherising numbers
visitingour foodbank,we havecopedwell
andourserviceshavenotbeenadversely
affectedbyelevateddemand.
Achievementsagainst Para1.41
objectives set
Perfonnanceoffundraising
activitiesagainstobjectives Para1.41
set
Investmentperfonnance Para1.41

Reviewofthecharity's Para1.21 Despite a growingneedto purchasefood
financial positionattheend andtoiletries,wehavebeenin astrong
oftheperiod financialposition.Wehavereceiveda
healthybalanceofbothgrantsandfinancial
donationsthathasenabledto achievea
goodfinancialposition.
Statementexplainingthe Para1.22 BorehamwoodFoodbankhasaReserves
policyforholdingreserves Policythatrequiresustoholdsufficient
stating whytheyareheld fundstoallowustocontinuetoservethe
communityforatleast4months.Thisis
reviewed atleastannuallybytheBoardof
Trustees.Thisamountiscurrentlyfixed at
£30,000.
Amountofreservesheld Para1.22 £100,230
Reasonsforholdingzero Para1.22 **N/A **
reserves
Detailsoffund-materiallyin Para1.24 No deficit
deficit
Explanationofany
uncertaintiesaboutthe
charitycontinuingasagoing
Para1.23 We havenouncertaintyorconcernsinthis
regard duetooursoundfinancialfooting and
excellentpoolofstaffandvolunteers.We
concern also have aLicencetoOccupyagreement
withtheDiocese ofWestminster,allowingus
tostayatthepremisesatleastuntil31July
2026,providingatleast12months'notice
thereafter.

Ouraccounts showthatwereceivedatotal
Thecharity'sprincipal
sourcesoffunds(including
anyfundraising}
Para1.47 income of£229,610duringthe14~month
financialperiod.Thelargestportion ofthis
wasrestrictedgrants(£157,009),butour
receiptofunrestricted grantsandfinancial
donationswere alsosignificant.
Investmentpolicyand
objectivesincludingany Para1.46
socialinvestmentpolicy
adopted
Adescriptionof theprincipal Para1.46
risksfacingthecharity
Other

Description ofcharity's
trusts:
Type ofgoverningdocument Para1.25 Constitution
(
C,
~r
·r
Ic.2Si
Howisthecharity Para 1.25 CIO
constituted?
r..
"Yated
\'
,,
c'~ -,v:
(
-
Trusteeselection methods Para1.25 Trusteesformasub-grouptomake
includingdetailsofany recommendationstotheBoard.
constitutionalprovisionse.g.
electiontopostorname of
anypersonorbodyentitled
toappointone ormore
trustees
**Additional information (optional) **
You may choosetoincludefurtherstatements whererelevantabout:
Policiesandprocedures
adoptedfortheinductionand
Para1.51
trainingoftrustees
Thecharity'sorganisational
structureand anywider Para1.51
network withwhichthe
charityworks
Relationshipwithanyrelated Para1.51
parties
ether

Charitvname BorehamwoodFoodbank
Othernamethecharitvuses None
Reaisteredcharitvnumber 1155599
Charity'sprincipaladdress 291ShenleyRoad
Borehamwood
Herts
WD61TG

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for whole
vear
Name of person (or body) entitted
*to aoooint truste lit anv*
C Julian Milner Chair of Trustees Whole Year
2 Deborah Walker
King
Truste Whole Year
3 Stuart Nagler Trustee Whole Year
4 Jeanette Taylor Trustee Whole Year
5 Zain Rivzi Trustee Whole Year
6 Carolyn Wilson Trustee Co-Opted Dec 2022
7 Anne Lean Trustee Co-Opted Dec 2022
8 Meghna Dalmia Trustee Co-Opted Dec 2022
9
10
11
,,
12
13
14
15
16
17
18
19
20

Corporate trustees - names of the directors at the date the report was approved Director name None

Name of trustees holding title to property belonging to the charity

----- Start of picture text -----
Trustee name Dates acted if not for whole vear - ---
None
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**funds held as custodian trustees on behalf of others ** **funds held as custodian trustees on behalf of others **
Descriptionoftheassets None
heldinthiscapacity
Nameand objectsofthe None
charityonwhosebehalfthe
assetsareheldandhowthis
fallswithinthecustodian
charity'sobjects
Detailsofarrangementsfor None
safecustodyand
segregationofsuch assets
fromthecharity'sownassets

Namesand ad~,ressesof advisers **(Optional information) **
Typeof
Name
**Address **
**adviser **
**Name of chief executive or namesof senior staffmembers (Optional information) **
jJudithElders,OperationsDirector

Declarations

The trustees declare that they have approved the trustees' report above.
Signed on behalf of the charity's trustees
Signature(s)
Kr---.[) <::-
-
Full name(s)
Position (eg Secretary,
Chair, etc)
Julian Milner
**Chair of Truste s **
Date j 22June2023
**Page **
Independentexaminer'sreport tothetrustees 1
Statementoffinancialactivities(includingincomeand
expenditureaccount) 2
Statementoffinancialposition 3

Year to Year to
31March 31
2023 January
2022
£ £
**Income and endowments **
Restrictedgrants 157,009 81,264
Unrestricted.grants 5,493 11,215
Donations 66,496 52,155
Otherfunding 85
Bankinterest 527 7
**Total income ** 229,610 144,641
**Expenditure **
Membership ofTrusselltrust -360 360
FoodbankCosts 130,555 76,861
SalaryCosts 32,893 23,194
PensionCosts
Insurance
1,613
1,055
1,410
1,237
Professiona1/Lega 1/accountancy 5,586 257
Office&Printing 1,486 582
Otherdistribution expenses 1,319 1,148
Rent/Utilities/Propertyexpenses 5,936 4,018
WarehouseEquipment/Consumable 8,399 5,715
Marketing/ITsoftware 995 83
Trainingandconferences 925 1,429
Sundries/Generalexpenses 554 180
Depreciation 1,813 1,957
**Total expenditure ** 192,768 118,431
Surplus (Deficit) for the year
Less
36,842 26,210
transfertoReserveAccount
lncrease(decrease)inRestrictedFunds 43,113 42,770
lncrease(decrease)inCumulativeSurplus (6,271) (16,560)
36,842 26,210

**2023 ** 2022
£
£
£
**Fixed assets **
Tangiblefixedassets 14,726 16,539
**Current assets **
PrepaymentsandDebtors **3,789 ** 3,683
Cashatbankandinhand **155,014 ** 117,029
**158,803 ** 120,712
**Creditors: **
**Amounts falling due within one year ** **186 ** 749
**Net current assets ** 158,617 119,963
**Total assets less current liabilities ** **173,343 ** 136,502
**Net assets ** **173,343 ** 136,502
**Funds of the charity **
ReserveFund **30,000 ** 12,000
Restrictedfunds c/f **43,113 ** 45,142
SurplusonIncome&ExpenditureAccount 100,230 79,360
**Totalcharity funds ** **173,343 ** 136,502