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← Borehamwood Foodbank

2024-03-31-accounts

ey| CHARITY COMMISSION FOR ENGLAND AND WALES

Trustees’ Annual Report for the period From 15 April 2023 to 31%t March 2024 Charity name: Borehamwood Foodbank Charity registration number: 1155599

Objectives and Activities a Summary of the purposes of | Para 1.17 Our Foodbank provides 3-day emergency food the charity as set out in its packs to the most vulnerable residents from all governing document communities in the Borough of Hertsmere. Most of our clients come from Borehamwood. We are aligned to The Trussell Trust, providing wellbalanced and nutritional food to our service users, as well as offering other essentials including toiletries and other household goods, so that we can provide those people with dignity during their difficulties. We undertake other specific projects to help alleviate the hardship of our clients: these include (but are not limited to) the provision of clothing, school uniforms, blankets, fuel vouchers, and heaters amongst other items. We also serve family lunches and host activity sessions during school holidays. We offer our clients holistic and financial support, providing numerous resources on-site, with access to services including Citizens Advice, The British Red Cross, The Job Centre and Healthy Hubs. These activities are particularly beneficial, providing clients not just with ‘handouts’ but also with a ‘hands-up’. All of this takes place at St Teresa’s Church Hall, 291 Shenley Road, Borehamwood WD6 1TG. Summary of the main es 1.17 and This reporting period was for 12 months from activities in relation to those : 1* April 2023 to 31 March 2024. During purposes for the public this period, we have: benefit, in particular, the A) Helped feed 8,129 people, 37% of activities, projects or services whom were children. identified in the accounts. B) Distributed 2,853 food packs. C) Donated 62,013kg of non-perishable food. Our food donations came from a wide range of sources, including supermarkets, faith

groups, schools, local clubs and
organisations, corporations and individuals.
We had to purchase food throughout this
period as well.
We continued to remain open for2 sessions
perweek, serving ourcommunity on
Mondays and Thursdays.
We offered holistic and financial support
through ourcontinued partnership with
Citizens Advice and the British Cross. We
alsoworked closely with other local agencies
to provide vital support to our clients.
We provided other means ofassistance
throughout this period, including (but not
limited to) the provision offuel and
supermarket vouchers, providing family
lunches during the school holidays, offering
support to help families with school uniforms,
handing outChristmas Hampers and
providing essential items overthe harsh
winter months.
We also provided toiletries and pet food
Statement confirming
whetherthe trustees have		 Para 1.18 Trustees have had regard totheguidance
issued bythe CharityCommission on public
had regard to the guidance benefit.
issued bythe Charity
Commission on public
benefit

Additional information (optional)

You may choose to include further statements where relevant about:
a
povmemmey oefe
Para 1.38
grants.
Policy on grant making
We do notmake investments, except receive
Para 1.38 interest on our bankaccounts.
Policy on social investment
including program related
investment :
Borehamwood Foodbank continues to be
Para 1.38 run almost entirely by volunteers. We have
Contribution made by 3 part-time paid members ofstaffwho
volunteers provide ourvolunteers with support,
guidance and organise necessary training.
We have approximately 65 volunteerswho
work amazingly hard to create a smooth-
running operation, getting involved in most
facets ofthefoodbank.We areextremely
grateful for all theirenthusiasm and
dedication.
omeFP

Achievements and Performance

lO lO lO lO
Ourfoodbank offersa vital service to all
communities in the Borough ofHertsmere.
We have been serving ourcommunityfor 11
Summary ofthemain
achievements ofthe charity,		 TT
:		 .
identifying the difference the ways. This includes the provision offood as
charity’s work has made to well as offering holisticand financial support
the circumstances of its forthosewho struggle and arein
crisis.
beneficiaries and any wider
benefits to societyas a We are well supported by3 part-time
whole. members ofstaffalong with around 65
‘ volunteers, offering awarm and friendly
service tothosewho need oursupport.
We are proud thatwe have been reliable
and have remained open everyweek, even
during the Pandemic. Thiswas a huge
benefit to ourcommunity.
We have been able to keep our food packs
at a good size to provide households with
emergency food to last 3 days, and
whenever donations have dipped, we have
had the financial resources to purchase
additional stockwithout impacting the
parcelswe offer. Despite the rising numbers
visiting ourfoodbank,we have coped well,
and our services have not been adversely
‘affectedbyelevateddemand.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against Para 1.41
objectives set
Performance offundraising
activitiesagainstobjectives		 Para 1.41
set
Investment performance Para 1.41
againstobjectives

Financial Review

Review ofthe charity’s Para 1.21 Despite a growing need to purchasefood
financial position atthe end and toiletries, we have been in a strong
of the period financial position. We have received a
healthy balance ofboth grants and financial
donations that has enabled to achieve a
good financial position.
Statementexplaining the Para 1.22 Borehamwood Foodbank has a Reserves
policy for holding reserves Policy that requires us to hold sufficient
statingwhythey are held _
community for at least4 months. This is
reviewed at least annually by the Board of
Trustees. This amount is currently fixed at
£40,000.
reserves
deficit
Explanation ofany Para 1.23 We have no uncertainty orconcerns in this
uncertainties aboutthe regard due to oursound financial footing and
charity continuing as a going excellent pool ofstaffand volunteers. We
concern also havea Licence to Occupyagreement
with the Diocese ofWestminster, allowing us
to stay atthe premises at least until 31 July
2026, providing at least 12 months’ notice
thereafter.
Additional information (optional)
You may
choose to include further statements where relevant about:
Ouraccountsshowthatwe receiveda total
income of£209,735 during the 12-month
The charity’s principal financial period. The largest portion ofthis
sources offunds (including cates was restricted grants (£120,864), butour
anyfundraising) receipt ofunrestricted grants and financial
donations were also significant.
Investment policyand
objectives including any Para 1.46
social investment policy
adopted
Adescription ofthe principal Para 1.46
risks facing the charity
Lae

Structure, Governance and Management

Description ofcharity’s
trusts:
Type ofgoverning document Constitution
How is the charity Para 1.25 ClO
constituted?
Trustee selection methods
including details ofany		 Para 1.25 _
constitutional provisions e.g.
election to post orname of
any person orbody entitled
to appoint one or more
trustees
Additional information (optional)
You may
choose to include further statementswhere relevant about:
Policies and procedures
adopted forthe induction and Par 1-51
training oftrustees
The charity’s organisational
structure and any wider eee all
network with which the
charityworks
Relationship with any related Para 1.51
parties
me

Reference and Administrative details

Borehamwood Foodbank
Othernamethecharityuses
Registered charitynumber__		 1155599
Charity’s principal address
Borehamwood
Herts
WD61TG

Names of the charity trustees who manage the charity

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Corporate trustees — names of the directors at the date the report was approved TCS [Directorname eeeee ee Beee ee es GC eG Name of trustees holding title to property belonging to the charity I Re eee Qe Beeee eee eG es ee

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|||||||||| |---|---|---|---|---|---|---|---|---| |Funds|held|as|custodian|trustees|on|behalf|of|others| |Description|of the|assets| |held|in|this|capacity| |Name|and|objects|of the| |charity|on|whose|behalf the| |assets|are|held|and|how|this| |falls|within|the|custodian| |charity’s|objects| |Details|of arrangements|for| |safe|custody and| |segregation|of such|assets| |from|the|charity’s|own|assets|

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Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

We are a foodbank affiliated with the Trussell Trust

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Position (eg Secretary, | Chair of Trustees Chair, etc) ,

Date) 19 sept 2024

CHARITY REGISTRATION NUMBER: 1155599

Borehamwood Foodbank CIO Charitable Incorporated Organisation

Report and Accounts for the period ending 31% March 2024

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||||||| |---|---|---|---|---|---| |Page| |Independent|examiner’s|report to the trustees|1| |Statement|of financial|activities|(including|income|and| |expenditure|account)|2| |Statement|of financial|position|3|

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Borehamwood Foodbank CIO Independent Examiner’s Report

For the period ending 31st March 2024

| report to the charity trustees on my examination of the accounts of the company for the period ending 31st March 2024.

Responsibilities and basis of the report

As the charity trustees of the company (CIO) (who are treated as directors for the purposes of the company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“The 2006 Act”)

Having satisfied myself that the accounts of the company are not required under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011. In carrying out my examination, | have followed the directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act.

Independent examiner’s statement

The Company’s gross income was less than £250,000 your examiner is not required to be a member of a body listed in section 145 of the 2011 Act. However, | can confirm that | am qualified to undertake the examination and | am indeed on that list because | am a member of The Institute of Chartered Management Accountants.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

MARK GREEVE CHARTERED ACCOUNTANT

Unit 4, Whitworth Court Runcorn Cheshire UK WA7 1W. 26" July 2024

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Borehamwood Foodbank CIO

Statement of Financial Activities (including income and expenditure account)

Period ending 31st March 2024

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||||||| |---|---|---|---|---|---| |14 months| |Year|to|to| |31|March|31|March| |2024|2023| |£|£| |Income and|endowments| |Restricted|grants|120,864|157,009| |Unrestricted|grants,|including|Donations|85,987|72,074| |Bank|interest|2,884|527| |Total income|209,735|229,610| |Expenditure| |Membership|of Trussell|trust|-360| |Foodbank Costs|118,989|130,555| |Fundraising|Expenses|1,032| |Salary Costs|46,094|32,893| |Pension|Costs|1,765|1,613| |Insurance|1,004|1,055| |Professional/Legal/accountancy|6,420|5,586| |Office &|Printing|:|765|1,486| |Other distribution expenses|1,081|1,319| |Rent/Utilities/Property expenses|8,635|5,936| |Warehouse|Equipment/Consumable|10,650|8,399| |Marketing/IT software|721|995| |Training|and|conferences|225|925| |Sundries/General|expenses|435|554| |Depreciation|2,193|1,813| |Total expenditure|200,007|192,768| |Surplus|(Deficit) for the year|9,727|36,842| |Less| |transfer to|Reserve Account| |Increase(decrease)|in|Restricted|Funds|11,030|43,113| |Increase(decrease)|in|Cumulative Surplus|(1,303)|(6,271)|

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Borehamwood Foodbank CIO

Statement of Financial Position

Period ending 31st March 2024

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||||||| |---|---|---|---|---|---| |2024|2023| |£|£|£| |Fixed|assets| |Tangible fixed|assets|63,765|14,726| |Current|assets| |Prepayments and|Debtors|3,292|3,789| |Cash|at bank and|in|hand|144,936|155,014| |148,228|158,803| |Creditors:| |Amounts falling due within one year|28,922|186| |Net current assets|119,306|158,617| |Total assets less current|liabilities|183,071|173,343| |Net assets|183,071|173,343| |Funds|of the charity| |Reserved|Fund|30,000|30,000| |Restricted funds c/f|54,143.62|43,113| |Surplus on Income & Expenditure Account|98,927|100,230| |Total charity funds|:|183,071|173,343|

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For the year ending 31 March 2024, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees’ responsibilities:

These financial statements were approved by the board of trustees and authorised for issue on 13% July 2024 and are signed on behalf of the board by:

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Signed -QW pe? RLY S>
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Trustee

;

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