EALING FOODBANK (A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT
AND
FINANCIAL STATEMENTS FOR THE 17-MONTH PERIOD ENDED 31 December 2022
COMPANY REGISTRATION NUMBER: 08611832 (ENGLAND AND WALES)
CHARITY REGISTRATION NUMBER: 1156369
EALING FOODBANK (A COMPANY LIMITED BY GUARANTEE)
CONTENTS
| Page | |
|---|---|
| 3 | Legal & Administrative Information |
| 4 to 6 | Report of the Trustees |
| 7 | Independent Examiner's Report on the Accounts |
| 8 | Statement of Financial Activities |
| 9 | Balance Sheet |
| 10 | Cash Flow Statement |
| Reconciliation of net income/(expenditure) to | |
| net cash flow from operating activities | |
| 11 to 16 | Notes to the Financial Statements |
2
EALING FOODBANK (A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1156369 COMPANY REGISTRATION NUMBER 08611832 DATE OF INCORPORATION 16 July 2013 REGISTRATION 26 March 2014 START OF FINANCIAL PERIOD 1 August 2021 END OF FINANCIAL PERIOD 31 December 2022 TRUSTEES AT PERIOD END Rev'd W. McNeil, Chair Rev'd J. Jagannath, Director Rev'd J. Hyde, Director (Appointed 15 March 2021) Ms K. Atwal, Director (Appointed 15 March 2021) Ms G. Nartey, Director (Appointed 30 November 2022) Rev'd T. Sam, Director (Resigned 31 August 2023) The Charity may, by ordinary resolution, appoint a person who is willing to be a trustee.
GOVERNING DOCUMENT
Memorandum and Articles of Association Incorporated 16 July 2013 as amended by special resolution registered at Companies House on 26 February 2014 as amended on 04 May 2022 as amended on 22 November 2022.
ACTIVITIES OBJECTS
Ealing Foodbank helps to relieve poverty through the provision of food parcels to those in crisis, in partnership with local care agencies who refer clients in crisis to us.
The prevention or relief of poverty in the London Borough of Ealing and surrounding areas in particular but not exclusively by providing emergency food supplies to individuals in need and by such other means as the Trustees may determine, and to deliver its services in accordance with Christian principles.
REGISTERED ADDRESS
St Mellitus Hall 1 Church Road Hanwell London W7 3BB
PRINCIPAL OFFICE (FOR CORRESPONDENCE) PRINCIPAL BANKERS
65 Tawny Close West Ealing London W13 9LX
The Co-operative Bank plc 1 Balloon Street Manchester M60 4EP
INDEPENDENT EXAMINER
Independent Examiners Ltd
Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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EALING FOODBANK (A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
ORGANISATIONAL STRUCTURE
The Charity is a Trussell Trust Foodbank and as such follows the operational guidelines and policies of The Trussell Trust.
A resolution was passed by the Board of Trustees on 27 April 2022 to change its accounting year end to 31 December. Hence, the current reporting period incorporates the results of 17 months from 1 August 2021 to 31 December 2022.
The day-to-day affairs of the Charity are managed by a paid Manager, who oversees a team of 5 paid staff. The Manager reports to the Trustees who are also Directors of the Charity for the purpose of the Companies Act. The Manager retired at the end of September 2022 and at the period end, efforts to replace her had not been successful. One of the Trustees volunteered as an unpaid part-time Interim Manager following the retirement of the Manager.
The Charity has appropriate policies in place for health and safety, safeguarding, equal opportunities and data protection. The Charity carries out risk assessments.
OBJECTIVES
The Charity's objects are "the prevention or relief of poverty in the London Borough of Ealing and surrounding areas in particular but not exclusively by providing emergency food supplies to individuals in need and by such other means as the Trustees may determine, and to deliver its services in accordance with Christian principles".
MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT
With the relaxation of the restrictions associated with the Covid pandemic, our centres were able to re-open and the delivery service ended. In September 2021, two new centres were opened at Northolt and Perivale to join the existing centres in Hanwell, Southall, Greenford and Acton in the second half of the year. Following the closure of a Food Hub in Southall, a second centre was opened there on a Saturday in June 2022.
The Charity continued to give 3 days’ nutritionally-balanced food to people in crisis who are referred to us by local frontline care agencies. During the reporting period, 21,112 3-day meal parcels were distributed, of which 19,507 were fulfilled, providing food for 52,181 clients. There was a progressive increase in the numbers fed as the reporting period progressed. Current levels of use are higher than those during the height of the pandemic in 2020.
In the reporting period, the Charity had 350 registered referral agents.
Clients receive emergency supplies of food and other necessities such as toiletries, and where possible some fresh fruit and vegetables.
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit and consider that the work of Ealing Foodbank fully meets the requirements.
ACHIEVEMENTS AND PERFORMANCE
• 52,181 people have been fed in the reporting period (17 months), 49.9% of whom attended Hanwell centre, which runs 2 sessions each week. This figure was 35,122 in the previous 12 months.
• Since 2013 to the end of December 2022, Ealing Foodbank has fed 141,500 clients. Over 96,500 clients have been fed since April 2020, the start of the first COVID lockdown.
• All Ealing Borough wards have been served by Ealing Foodbank.
• Donations of non-perishable food were received from churches, schools and individuals and food collection drives were held at supermarkets: Asda, Waitrose West Ealing and Tesco, Hoover building and Osterley. Volunteers transported the donated food to our warehouse where it was weighed and sorted ready for delivery to the foodbank centres.
• 283.05 tonnes of food were donated and 39.15 tonnes of food were purchased during the reporting period. 323.35 tonnes of food were distributed in the reporting period.
The Charity continued to be able to attract volunteers who were trained to meet and greet clients in the foodbank centres and help with office administrative tasks. The Charity continues to use Twitter, Instagram, Facebook and a website to circulate information about events and news updates.
Ealing Foodbank continues to partner with Help Through Crisis which gives further longer term support and advice to clients who meet their criteria. This is through Crisis Navigators attending foodbank sessions at Hanwell and Acton. We also fund a Crosslight Centre Manager and a full time debt adviser who offer financial support and debt advice at most of our centres. The council has also provided a local welfare assistance officer who goes to our Perivale and Acton Centres. .
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EALING FOODBANK (A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued) FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
ACHIEVEMENTS AND PERFORMANCE (continued)
In the reporting period, Crosslight supported 273 clients, including 230 new debt or benefit cases. This ranged from one-off advice to long term support. From the 230 cases they opened, 203 were for foodbank clients. 180 of them could be tracked in the Foodbank system: 95 clients no longer used the Foodbank and at least 16 current clients have used the Foodbank less than before. Total financial gains achieved for clients:
• 159 clients received financial gain or benefits advice. This resulted in an overall annualized income gain of at least £416,910. An amount of £10,367 of debt has been written off for our clients.
-
85% with rent arrears had their debts stabilised and were no longer at risk of eviction.
-
82% of the priority debts the clients faced were stabilised.
.• 62% of our clients received additional support in addition to debt and benefit advice.
• Overall, 76% of clients report that their financial situation has been better, and three-quarters said that their wellbeing/mental health has improved. .
The Trustees have sought to renew the lease of St Mellitus Hall which officially came to an end in December 2021. An extension of a 5-year lease has been underway and has been pending a final lease agreement with the Diocese and Ealing Foodbank.
To maintain a similar level of services with increased demand, the Charity has signed a new 5-year lease on an office in West Ealing. This plan releases space for warehousing in St Mellitus Hall in the coming years and provides additional space for the Crosslight advisers.
PUBLIC BENEFIT STATEMENT
19,507 people in food crisis have visited our centres and had the opportunity to receive emotional support and information on where to go for further support. 52,181 people have been fed for 3 days. Trussell Trust figures clearly state that we are counting the number of people to whom we have given three days’ food – these are not necessarily unique people.
FINANCIAL REVIEW
Total income for the year £1,010,268 Total spending in the year £932,059
The Charity has a reserve policy of maintaining three months of expenditure in cash. This is held to ensure the continuance of operation of the Charity in unforeseen circumstances.
Ealing Foodbank is extremely grateful to an anonymous donor for a generous donation of £60,000, food donations and other support over the period and for the incredible financial and food support of many organisations which has continued since the pandemic.
The Trustees acknowledge that homelessness is one of the causes of poverty. To support the initiative of ending homelessness and having a positive impact in the local communities, a resolution had passed in October 2021 to invest in Green Pastures. An unsecured fixed short-term loan of £100,000 was placed.
Green Pastures provides accommodations and support for the homeless across the country and the nearest centre in the Borough is in Southall.
The Charity has six paid members, two full time and four part time. Approximately 150 unpaid volunteers are involved in the operation of Ealing Foodbank.
Ealing Foodbank has reviewed the Financial Controls in this period.
RISK MANAGEMENT AND FUTURE PLAN
The Manager conducts a review of the major risks to which the Charity is exposed. A risk register has been established and is reviewed on a regular basis.
During the period cash deposits were invested across several financial institutions in line with the Financial Service Compensation Scheme limit of £85,000 for each, using the CAF Charity Deposit Platform, in order to spread the risk.
With the generosity and continuous support from donors, we can commit to medium term projects with an aim to reduce the number of people reliant on foodbank and see the end of large-scale foodbank operations. We have increased the Crosslight’s service offering to one more day in 2023 and have engaged with local partnerships to provide wider food offerings to local communities.
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EALING FOODBANK IA COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT Icontlnuedl FOR THE 17.MONTH PERIOD ENDEO 31 DECEMBER 2022 STATÉAIENT OF TRVSTEÈS. RESPONSIBILtTie3 The chan13 Bnu tha ¢IKnwi8S A61 wuilp Boaid d TnJgti w8pwe •tstwnyrt• lry F• ¢h yive a tlug gnJ lair wew ol stalè ol atlwrn 0fty Chanty 85 * lh• •rO Lrflhe fin•r% o•rKrt lh¢ Ch3nly. In wepanno those rin&FKI $18tefflentSlhO Boaid l•ftyLwr•d 10". "SeltsUIb1?Jnnll poha8#¥nd then WPFty th•m owsvat•ntty. •makejudo6menw estim8lesthai 8re re88ty18bk rAWJ8nt. re st8lernenisoD a golry cw8m bas unl88$ 11 li Inwop•tory•wJMth•tfv ci)mrwryw• businp55. maierta dEPartu discbsedano e>yah•J In Ihe Iar $laiern¢nu. rx)wth crf tr Chanty arly which are SUffKJI 10 shLw and the Chafitf trans&Jtr)s arwj nat4e ttwn to t1 $meetty the cornpanACI 20 8nJ ctsnpty w¢h made T are abo salegthrdity 09gew of the Ch8ly and I]er taking the Ropx Tru883 Ihmited to eRrninhig Iho rewi ¢y r•FKK
EALING FOODBANK (A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT ON ACCOUNT FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
I report to the charity Trustees on my examination of the accounts of the charity for the period ended 31 December 2022 which are set out on pages 8 to 16.
Respective responsibilities of Trustees and examiner
As the charity’s Trustees of EALING FOODBANK (and also its directors for the purposes of 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 EALING FOODBANK are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
Since EALING FOODBANK’S gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of Ealing Foodbank as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
18.9.23
...................................... K Gomes MAAT FCIE Independent Examiners Ltd Unit 2, The Broadbridge Business Park Delling Lane, Bosham West Sussex PO18 8NF
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EALING FOODBANK (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
(Incorporating Income & Expenditure Account)
| Notes Income and endowments from: Donations and legacies 2 Fundraising activities Investments Other income Total income Expenditure on: Raising funds Expenditure on charitable activities 3 Other expenditure Total expenditure Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds 990,370 - 3,503 482 994,355 135 901,595 15,853 917,583 76,772 302,525 -627,773 -248,476 399,118 150,642 |
Designated funds - - 7,413 - 7,413 - - - - 7,413 626,253 -302,525 331,141 289,130 620,271 |
Restricted funds 8,500 - - - 8,500 - 14,476 - 14,476 -5,976 1,520 - -4,456 4,456 - |
17-month Period to 31 Dec 2022 Total funds 998,870 - 10,916 482 1,010,268 135 916,071 15,853 932,059 78,209 930,298 -930,298 78,209 692,704 770,913 |
12-month Period to 31 Jul 2021 Total funds 925,386 2,780 1224 - 929,390 - 620,766 94 620,860 308,530 120,854 -120,854 308,530 384,174 692,704 |
|---|---|---|---|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 11 to 16 form part of these financial statements.
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EALING FOODBANK {A COMPANY LIMITED BY GUARANTeEI BALANCE SHEET FOR THE 174AONTH PERIOD ENDED 31 DECEMBER 2022 Untrtlrkt•d O••l•nd Ptsnd P•rto6 t• JI 31 12021 Tatsl fvfid• Ix•d•ssot¥ TanglblB g$$el$ Flxod Cumni as8et8 Debtors & prepayment# Invesimenls Cash al bank aThJ In ha1 6,078 10.017 I),lt(l 818.332 152,355 168,433 fA8 887 697.346 Current a8oet Llgbllltles Cd110[$.' Arnounts faUwJ due 1h1n Me year 620.271 771.704 T01A•J 7.791 Not ctsrr•nt a$8Ots les¥ current Ilabllttl88 130.642 620.271 TTO.MJ Tot•1 •350ts1oss cuiront Ilabllitl8• 150,642 820,271 770.W3 Total net•ssets Se88 Ilabllltle8 150,642 620,27f TfO.M3 IT04 Charlty fund¥ General fund 150,642 Designated furKI Resintied 620.271 289.1 4.87• Total funds 150.642 620,211 rio.M3 1704 company's finantial si8iements h8b teen Prepar adarKe Ihe piovisK)ns appTutle to ccrnp•s ts) tr companie5 regime TRUSTEES. RESPONSIBILITIES Thè Trustees consider Ihal the CLYnpany is entit 10 exempllon fiom the requliemeni lo ha an audil er ts pr(M51rr6 seckn 477 01 Compan$ Aei 2006 fthe Act) relating to small companLe$ and nbe[S have n(4 requred the ¢CPanY to oaM an art fry the Feri¢)J questson in aCCordare %sith 5e¢tion 476 ofthe Act. The TnJslee5 ackno¥edge Il*ir reSpL1b1li1Ies for cornttyrvJ %%ilh the re4irrirernenls of the compan5 Act 2LTh re¥e¢t to rec(dS ihe prepafalion of finanual siaiemenls. The financial slalements wEYe approved and authorts8d for195u8 by lh8 Twslees M 13 SeptembÈr 2023 and signed on behalf ty. Revd V41. NlcNed notes On pages 11 10 18 f(xm port of Ine5e finarKial $laiements.
EALING FOODBANK
(A COMPANY LIMITED BY GUARANTEE)
CASHFLOW STATEMENT
FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
| Cash flows from operating activities: Cash generated from operations Net cash provided by/(used in) operating activities Cash flows from investing activities Interest received Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
17-month Period to 31 Dec 2022 £ -36,654 -36,654 7,993 7,993 -28,661 697,348 668,687 |
12-month Period to 31 Jul 2021 £ 309,563 309,563 1,559 1,559 311,122 386,226 697,348 |
|---|---|---|
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation Interest receivable (Increase)/Decrease in debtors Increase/(Decrease) in creditors Net cash provided by/(used in) operating activities |
17-month Period to 31 Dec 2022 £ 78,209 1,077 -10,916 -2,949 -2,075 -36,654 |
12-month Period to 31 Jul 2021 £ 308,530 2,582 -1,559 -593 603 309,563 |
|---|---|---|
ANALYSIS OF CASH AND CASH EQUIVALENTS
| Cash at bank and in hand Total cash and cash equivalents |
17-month Period to 31 Dec 2022 £ 668,687 668,687 |
12-month Period to 31 Jul 2021 £ 697,348 697,348 |
|---|---|---|
10
EALING FOODBANK (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared on the historical cost basis in accordance with the Charities Act 2011, Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2015), applicable accounting standards and the Companies Act 2006. The accounts have been prepared on a going concern basis. The Charity meets the definition of a public benefit entity under FRS 102.
Advantage has been taken of Section 396(5) of the Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the Charity’s operation and in order to comply with the requirements of the SORP.
1.2 COMPANY STATUS
The company is a company limited by guarantee. The members of the company are the Trustees named on page 3. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
1.3 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objective of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors on which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
1.4 INCOME
All income is recognised once the company has entitlement to the income. It is probable that the income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised and reference should be made to the Directors’ Report for more information about their contribution.
For the purpose of attributing a value to the donated food items, the Trussell Trust’s advisory rate of £1.75 up to 15 Nov 2022 and £2.75 thereafter per kilogram are used after making due allowance for obsolete and slow-moving stocks.
Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
Interest on funds held on deposit and investment is included when receivable and the amount can be measured reliably by the company, this is normally upon notification of the interest paid or payable by the Bank.
Donations are recognised on receipt.
11
EALING FOODBANK (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES (continued)
1.5 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Where practicable, share costs which contribute to more than one activity and support costs are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
1.6 TANGIBLE FIXED ASSETS AND DEPRECIATION
All assets value for more than £1,000 whether purchased or gifted to the charity on receipt with an expected useful life of more than 12 months are capitalised.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is calculated at a rate to write off the cost of tangible fixed asset on a straight-line basis over the shorter of the lease term of the building and their estimated useful lives. The rate applied per annum is as follows: Leasehold improvement 20%
1.7 OPERATING LEASES
Rentals under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.
1.8 STOCKS
Under FRS 102 Updated Bulletin 1, the carrying value of donated food held for distribution is the lower of deemed cost and replacement value. Deemed cost is £nil and accordingly, there was no stock value to be recognised.
1.9 DEBTORS
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.10 CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short-term liquid investments with maturities up to twelve months.
1.11 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provisions is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
1.12 FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instructions are initially recognised at transaction value and subsequently measured at their settlement value.
12
EALING FOODBANK
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
2. INCOME
| Donations & legacies Gifts & Donations Gifts from Trussell Trust Gift Aids Grants Donated Goods 3. EXPENDITURE |
Unrestricted Fund £ 452,599 - 18,788 - 518,983 990,370 |
Designated Fund £ - - - - - - |
Restricted Funds £ - - - 8,500 - 8,500 |
17-month Period to 31 Dec 2022 Total funds £ 452,599 - 18,788 8,500 518,983 998,870 |
12-month Period to 31 Jul 2021 Total funds £ 464,469 7,530 10,851 - 442,536 925,386 |
|---|---|---|---|---|---|
| Expenditure on charitable activities Direct costs Administration Equipment Payroll Cost Staff Cost Utilities Warehouse Running Cost Office & Warehouse Rent & Rates Food & Other Purchases Client Support Donated Goods Support costs Building & Maintenance Membership Fee Independent Examination (governance) Consultancy Insurance Depreciation Bank charges Total Expenditure on Charitable Activities Other expenditure Gifts Other expenditure |
Unrestricted Fund £ 7,384 1,279 1,205 147,792 3,653 9,184 33,256 70,374 97,576 518,983 890,686 4,581 -231 1,440 2,754 876 1,077 412 10,909 901,595 15,803 50 15,853 |
Designated Fund £ - - - - - - - - - - - - - - - - - - - - - - - |
Restricted Funds £ - 5,976 - - - - - 8,500 - - 14,476 - - - - - - - - 14,476 - - - |
17-month Period to 31 Dec 2022 Total funds £ 7,384 7,255 1,205 147,792 3,653 9,184 33,256 78,874 97,576 518,983 905,162 4,581 -231 1,440 2,754 876 1,077 412 10,909 916,071 15,803 50 15,853 |
12-month Period to 31 Jul 2021 Total funds £ 3,329 4,058 684 84,664 1,298 4,732 16,075 36,631 18,720 442,536 612,727 2,421 489 1,140 864 543 2,582 - 8,039 620,766 - - - |
|---|---|---|---|---|---|
The following one-off gifts were made in the period:
£2,500 to St Mellitus Church, Hanwell as a contribution of utilitiy costs for the use of the church during the 6 weeks of lock down. £12,500 to Southall Food Hub as a one-off gift.
£850 to Greenford Baptist Church as a contribution towards the resurfacing of the car park.
13
EALING FOODBANK
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
4. STAFF COST AND NUMBERS
| Employment Costs Wages & Salaries Social Security Costs (net of employer allowance) Pension Costs Employment allowance No employee received emoluments in excess of £60,000. Employee Numbers The average number of employees during the period/year (full time equivalent) Direct charitable Support staff |
17-month Period to 31 Dec 2022 £ 136,019 4,581 6,230 146,830 17-month Period to 31 Dec 2022 2 2 4 |
12-month Period to 31 Jul 2021 £ 81,033 768 2,863 0 84,664 12-month Period to 31 Jul 2021 1 2 3 |
|---|---|---|
Retirement benefit scheme
Defined contribution scheme
The charity operates a defined contribution scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The charge to the statement of financial activities in respect of the defined contribution scheme was £6,230 (2021: £2,863).
5. TANGIBLE FIXED ASSETS
| Cost At 1 Aug 12-month Period to 31 Jul 2021 Additions Balance at 31 July 17-month Period to 31 Dec 2022 Depreciation At 1 Aug 12-month Period to 31 Jul 2021 Charge for the year Balance at 31 July 17-month Period to 31 Dec 2022 Net Book Value At 31 July 17-month Period to 31 Dec 2022 At 31 July 12-month Period to 31 Jul 2021 |
Unrestricted 17-month Period to 31 Dec 2022 Total Fund £ 12,911 - 12,911 11,834 1,077 12,911 - 1,077 |
12-month Period to 31 Jul 2021 Total Funds £ 12,911 - 12,911 9,252 2,582 11,834 1,077 3,659 |
|---|---|---|
6. DEBTORS AND PREPAYMENTS
| Tax Recoverable Interest Receivable Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHI Accounts Payable Independent Examination Fee |
Unrestricted Fund £ 3,235 - 2,843 6,078 N ONE YEAR Unrestricted Fund £ 6,351 1,440 7,791 |
Designated Fund £ - 3,939 - 3,939 Designated Fund £ - - - |
Restricted Funds £ - - - - Restricted Funds £ - - - |
17-month Period to 31 Dec 2022 Total Funds £ 3,235 3,939 2,843 10,017 17-month Period to 31 Dec 2022 Total Funds £ 6,351 1,440 7,791 |
12-month Period to 31 Jul 2021 Total Funds £ 3,129 1,016 - 4,145 12-month Period to 31 Jul 2021 Total Funds £ 8,726 1,140 9,866 |
|---|---|---|---|---|---|
14
EALING FOODBANK (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
8. DESIGNATED FUND
| Operation Reserve Fund Operation Reserve Fund |
Balance at 1 Aug 2021 £ 289,130 289,130 Balance at 1 Aug 2020 £ 169,984 169,984 |
Income £ 7,413 7,413 Income £ - - |
Expenditure £ - - Expenditure £ - - |
Transfer £ 323,728 323,728 Transfer £ 119,146 119,146 |
Balance at 31 Dec 2022 £ 620,271 620,271 Balance at 31 Jul 2021 £ 289,130 289,130 |
|---|---|---|---|---|---|
The Trustees have decided to set aside surplus funds for specific purposes to maintain its provision of food and services to those in crisis. It is required for the medium term to mitigate for food provision, employment cost and building rent. This amount is subject to review on an annual basis.
9. RESTRICTED FUND
| Grant LBE Grant NPT Grant Vinci UK Grant Sainsbury Grant LBE Grant NPT Grant Vinci UK Grant Sainsbury |
Balance at 1 Aug 2021 £ 4,879 - - - 4,879 Balance at 1 Aug 2020 £ 7,569 - - - 7,569 |
Income £ - 5,000 3,000 500 8,500 Income £ - - - - - |
Expenditure £ 5,976 5,000 3,000 500 14,476 Expenditure £ 2,690 - - - 2,690 |
Transfer £ 1,097 - - - 1,097 Transfer £ - - - - 0 |
Balance at 31 Dec 2022 £ - - - - - Balance at 31 Jul 2021 £ 4,879 - - - 4,879 |
|---|---|---|---|---|---|
Grant LBE Fund: was from South Acton Ward in London Borough of Ealing for updating laptops and various other capital items. Grant NPT Fund: NPT Transatlantic gave a grant to provide food parcels for our clients in need to relieve poverty.
Grant Vinci UK Fund: Vinci UK Foundation gave us a grant to purchase non-food items for clients which included kitchen items. Grant Sainsbury Fund: money received from Sainsbury was used to purchase food for the clients.
The restricted funds are wholly represented by the Charity’s cash reserves.
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EALING FOODBANK
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE 17-MONTH PERIOD ENDED 31 DECEMBER 2022
10. OPERATING LEASE COMMITMENT
At 31 July 2021 the total of the Charity's future minimum lease payment under non-cancellable operating lease was:
| AMOUNTS PAYABLE Within 1 year Between 2 and 5 years Total |
Building 17-month Period to 31 Dec 2022 £ 26,854 83,736 110,590 |
Building 12-month Period to 31 Jul 2021 £ 41,821 94,332 136,153 |
|---|---|---|
The opertaing lease relates to to the rental agreements for the Charity's main premises.
11. RELATED PARTY TRANSACTIONS AND TRUSTEES
None of the Trustees (or any persons connected with them) received any remuneration during the period. No guarantees have been given or received.
With the approval in Trustees' meetings:
-
£2,500 was donated to St Mellitus Church, Hanwell as a contribution of utilitiy costs for the use of the church during the 6 weeks of lock down. Rev'd J Hyde is a trustee of the Foodbank is also part of the leadership team at St Mellitus.
-
£850 was donated to Greenford Baptist Church for the car park resurfacing work. Rev'd W McNeil is our Chair and is also the pastor in the Baptist Church.
The Foodbank uses both churches on a weekly basis to meet up with clients and distrubute food parcels.
12. POST BALANCE SHEET EVENT
The Trustees have recognised the importance of financial advice and support to the clients by Crosslight. A one-off grant of £60,000 was made in June 2023 to Crosslight to support their short-term financial hardship.
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