Stockport Foodbank, Financial statements for the year ended 31 March 2025
Trustees Report
The Trustees present their report for the year ended 31 March 2025
The list below shows the appointed Trustees and their dates of appointment
Trustee Appointed Gary Blackwell March 2014 John Bulman May 2014 Nigel Tedford May 2015 Julian Poyner Chairman August 2016 John Watkins June 2020 Nicky Owen June 2020
Principal address
Hazel Grove Baptist Church, Station Street, Hazel Grove, Stockport SK7 4EX
Principal Bankers Nat West Bank Virgin Money
Status
Stockport Foodbank is a Charitable Incorporated Organisation, Registered Charity No: 1156261 It is connected to the Trussell Trust, a nationwide network of Foodbanks.
Aims and objectives
To provide short term assistance in the form of emergency food parcels to anyone who faces short term difficulties through unemployment, benefit delays, low income or other financial difficulties. Clients are provided with a nutritionally balanced supply of food, sufficient for 3 days and should their needs persist then further assistance through the Foodbank will be available.
Foodbank volunteers seek to refer clients to other support agencies through whom they can obtain longer term.
Summary
Income
The total income during the year of £310,501 (2023/4 £259,318) was mostly from donations received from individuals, companies and other organisations plus an element of ring fenced income, which came from the Trussell Trust, to fund our contract with the Citizens Advice Bureau and Stockport Council for the purchase of clothing vouchers and food stocks.
Expenditure
The total expenditure was £251,100 (2023/4 £210,626). The main areas of expenditure were food purchases, employment costs, CAB support services and warehousing.
Notes
This financial year has followed the pattern of recent times with the challenges on Foodbank volunteers and services being as pressured as in the past.
The cost of living crisis continues to have an impact on the level of donations received from the public and as a consequence we are now buying food on a weekly basis in order to maintain stock levels. Every effort is now being made to encourage donations from all sectors of our donating communities. Food purchases have increased by almost £20,000 on last year and this accounts for one of the largest increases in our overall list of expenditure. The `Financial Inclusion’ contract with the CAB (circa £45K in a full year), shows a skewed expenditure level due to the dates when invoices were received from them.
Our income, on the face of it, looks extremely healthy however we do need to note that some of this is for ringed fenced and “in and out’ expenditure. SMBC donated £30,000 for clothing vouchers and food purchases, Trussell Trust approx. £45,000 in advance payment for the full year’s cost for the CAB and a grant was made to us by the Postcode Lottery of £40,000.
If these figures are stripped out of our Income schedule, then we are left with a healthy level of individual and corporate giving, however it does highlight that our expenditure is higher than our ‘regular’ income and efforts are underway to build donations in this area so as to keep our accounts in balance. It is clear that the need for Stockport Foodbank in the community is here to stay for some time to come and this will in turn will affect our future planning.
Our staffing levels have increased too, however a full year’s costing is not shown in this year’s accounts but will be shown next year. Stockport Foodbank is now managed by 6 Trustees one of whom is a Managing Trustee, an Administrator (part time), an Operations Manager (full time), a Warehouse Manager (full time) and a mix of part time (paid) and volunteer drivers.
These accounts have been prepared in accordance with the charity commission guidelines for an Independent Examination and are presented for your approval.
The attached income and expenditure account & balance sheet relating to the year ended 31 March 2025 are approved by the Trustees
Nigel Tedford Trustees
Stockport Foodbank Accounts 31 March 2025
Stockport Foodbank Profit and Loss Account for the year ended 31 March 2025
| Sales Other direct costs Gross profit Other income/profits Expenses Employee costs Premises costs General administrative expenses Motor expenses Legal and professional costs Depreciation and loss/(profit) on sale Profit |
2025 £ 310,501 69,044 241,457 7,504 74,269 12,559 28,882 1,453 65,733 2,160 185,056 63,905 |
2024 £ 259,318 49,761 |
|---|---|---|
| 209,557 | ||
| 2,918 80,523 14,130 31,264 1,269 30,979 2,700 |
||
| 160,865 | ||
| 51,610 |
1
Stockport Foodbank Balance Sheet as at 31 March 2025
| Notes Fixed assets Motor vehicle 2 Current assets Virgin Bank Kingdom Bank Natwest Natwest - restricted funds Shawbrook bank Cash in hand Net current assets Net assets Capital account Balance at start of period Net profit |
197,378 91,380 143,827 17,973 89,577 - |
2025 £ 8,640 540,135 |
110,168 88,454 175,531 14,659 85,000 258 |
2024 £ 10,800 474,070 |
|---|---|---|---|---|
| 540,135 | 474,070 | |||
| 548,775 | 484,870 | |||
| 484,870 63,905 |
433,260 51,610 |
|||
| 548,775 | 484,870 |
I approve these accounts and confirm that I have made available all relevant records and information for their preparation.
Nigel Tedford
Trustee
18 August 2025
2
Stockport Foodbank Notes to the Accounts
for the year ended 31 March 2025
1 Profit and loss account analysis
| Sales Donations - restricted Donations Other direct costs Food purchased for distribution Other income/profits Interest receivable Employee costs Wages and salaries Premises costs Rent & rates, Heat & light General administrative expenses Telephone & postage Stationery,printing & advertising Client gift vouchers Subscriptions & other professional costs Equipment expensed Sundry expenses Motor expenses Motor expenses Legal and professional costs CAB Insurance Depreciation and loss/(profit) on sale Depreciation |
2025 £ 91,750 218,751 310,501 69,044 7,504 74,269 12,559 1,335 3,489 18,955 3,433 738 932 28,882 1,453 64,070 1,663 65,733 2,160 |
2024 £ 45,000 214,318 |
|---|---|---|
| 259,318 | ||
| 49,761 | ||
| 2,918 | ||
| 80,523 | ||
| 14,130 | ||
| 1,490 1,363 19,465 3,756 1,944 3,246 |
||
| 31,264 | ||
| 1,269 | ||
| 30,341 638 |
||
| 30,979 | ||
| 2,700 |
3
Stockport Foodbank Notes to the Accounts
for the year ended 31 March 2025
2 Motor vehicles
| Motor vehicles | |
|---|---|
| Cost At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
Motor vehicles £ 18,000 |
| 18,000 | |
| 7,200 2,160 |
|
| 9,360 | |
| 8,640 | |
| 10,800 |
4
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees | Report to the trustees | Report to the trustees | Report to the trustees |
|---|---|---|---|
Charity Name Stockport Foodbank
| On accounts for the year | 31stMarch 2025 Charity no |
1156261 | |
|---|---|---|---|
| ended | (if any) | ||
| Set out on pages | Balance sheet & Profit & Loss | ||
| ) | |||
| I report to the trustees on my examination of the accounts of the above | |||
| charity (“the Trust”) for the year ended 31 March 2025 | |||
| Responsibilities and | As the charity's trustees, you are responsible for the preparation of the | ||
| basis of report | 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of the ICAEW
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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.
- Please delete the words in the brackets if they do not apply.
Signed: Date: 18/08/25 Name: Martin Seitler Relevant professional ICAEW qualification(s) or body (if any):
1
Oct 2018
IER
Address: Unit 4 , The Cottages, Deva Centre, Trinity Way, Manchester M3 7BE
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
Oct 2018
IER