Report ofthe Tnthes and for the Year Ended 3tst Dec•mber 2024
Cheadle & Distrlct Foodbank Index to the Flnancial Statements for the Year Ended 3tst December 2024 Page Trustees Report Independent Examlners Report ReIpts and Payments Account ststement of Assets and Liabllltles
Cheadle & Dlstrict Foodbank Trustees Report For the Year Ended 31" December 20Z4 The Trustees present thelr report wlth the flnanclal statements of the company for the year ended 31A December 2024. Name: Cheadle & Dlstrlct Foodbank Status: Charltable Incorporated Or8anlsatlon Charfty Number. 1156477 Address: Gulld Hall, Tape Street, Cheadle, Staffordshlre STIO 18G Contsct Address: 15 Wlndmlll Drlve, MarchlnBton, Uttoxeter, stsffordshlre ST14 8JP Accountant: Rlce & Co Umlted, Chartered Accountants 14a Market Place, Uttoxeter, Staffordshlre, ST14 8HP Trustees servlng durlng the year were as follows: Dlane Whlte (Chalrperson) Heather Bates Andrew Carter Dorothy-Ann Sherratt Robert Sunderland Anthony Whlte I Status The organlsatlon Is a charltable Incorporated organlsatlon and Is govemed by fts constltutlon dated 8th January 2014 as updated 14th May 2021. ol Trustees are appointed by volunteers expresslng an Interest In the advertised posltlon. FollowlnE an Intervlew. obtslnln8 reference5 and a voluntary trfal perlod, a vote Is tsken at a meeting of the Trustees. Ll Rlsk men The Trustees malntaln a reglster of the major risks to whlch the organlsatlon Is exposed. Thls reBiSter Is revlewed annually. Systems are In place to mltlgate any risks as far as is possible, wlthln practlcal and flnanclal constralnts. Page I
Cheadle & Dlstrlrt Foodbank Trustees Report For the Year Ended 31st December 2024 The general obJectNes for the organlsatlon are to collect and dlstribute food Items to those In need vla a voucher referral system as dlctated by the Trussell Trust. Vouchers are Issued by referral agencles whlch subscrlbe to the Trussell Trust operatlng model. In settln8 our objectlves arKI plannin8 our activitles, the Trustees hlive glven careful conslderatlon to the Charity Commlsslon's general guldance on publlc benefrt. No charge is rnade to clients for the food fterns provided. The or8anlsatlon1s afflllated to the Trussell Trust whlth operates a voucher referral system for glvlng out food to those In need. The actlvltle5 and achlevements durlng the year are as follows: The provlslon of 3-day emergency food parcels contslnlng drled and tlnned food to cllents Identlfled In need. We are wholly rellant upon donatlon5, efther flnanclal or food/vouchers. Durlng 2024 we: o Fed In excess of 907 people. o Fulfilled 408 food vouchers. o Welcomed clients who were referred by some of the 53 agencies. Locally we have been able to Increase the number of serv7 provlders offerlng foodbank vouchers and have therefore Increased the numbers glven, prlmarily due to the economlc sltuatlon. Thls has resulted in fewer Instances of food poverty. The provlslon of a slgnpostlng support servlce to help cllents try and improve the circumstances that have led to the need for emergency food provlslon. In 2022 we were successful In obtsinlng funding from the Tru55ell Trust for a two-year projert, dellvered In partnershlp wlth Leek & Dlstrict Foodbank and Citlzens Advlce. to support cllents In managlng their tlnanclal situation. This project contlnued during 2024. Lookln Our plans for the future are slmple: To continue to provlde our existing servlce, ensurfng we have suffldent food donatlons to do th15 and therefore novone In the area we serve goes hungry. To utillse the Trussell Trust flnancial Incluslon grant to provlde income and debt- management advlce to as many cllents as posslble. To replace exlsting Fl funding wlth a new provlder. Joined wlth Leek and Newcastle Foodbank5 to develop thls strategy as the current 8rant explres May 26. Page 2
Cheadle & Distrlct Foodbank Trustees Report For the Year Ended 31" December 2024 Review of the Year Financial donations received during the year for food parcels increased to £20.877 from £13,185 in 2023. Costs increased to £16.525 compared to £10,503 resulting in an unrestricted surplus of £4,352 (2023- £2.682). Durlng 2024 we received restricted financial inclusion grants of £74,546 (2023 - £37,853) to add to the unspent balance at 31" December 2023 of £28.331. Costs of £56,39412023 £29,775) were Incurred, leavlng a balance to be spent In 2025 of £46,483. Reserves Cash funds at 31" December 2024 amounted to £98,049. split between restricted funds of £49,803 and unrestrlcted funds of £48,246. It Is the Trustee's alm to malntaln reserves at a level to ensure funding requlrements for the forthcoming year can be met and to safeguard the organisation against unforeseen circumstance5. Approved by the Board of Trustees on: ........................................... And signed on Its behalf by ite Page 3
Report of the Independent Examiners to the Tntstees of Cheadle & Dlstrkt Foodbank forthe Year Ended 31st Decembtt 2024 We have examlned the recelpts and payments account and statement of assets and Ilabllltles on pages S and 6. Respectlve responslbllltles of trustees and exarnlner The charlvs trustees are responslble tor the preparation of the accounts. The charws trustees consider that an audSt Is not reqUId for this year under sectlon 14412) of the Charities Act 2011 (the 2011 Act) and that an Independent examlnatlon Is needed. It Is our responsibility to: • &Yamlne the accounts (under sectlon 14S of the 2011 Act). • to follow the procedures lald down in the General Directtons glven by the Charlty Commlssion under section 145(5)(b) of the 2011 Act; and to State whether particular matters have come to our attentlon. 8th of Independent examlners statement Our examlnatlon was carried out In accordance wlth General Direction5 glven the Charlty Commlssloners, An examlnatk)n Indudes a review of the accountlng records kept by the charity and comparlson of the accounts presented with those records. It also includes consideratlon of any unusual Items or disclosures In the accounts. and seeking explanations from the trustees concernlng any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audiL and consequently no opinlon is glven as to whether the accounts present a true and falr view and the report Is Ilmlted to those matters set out In the 5tstement below. Independent examlners statement In connection wlth our examlnatlon, no materlal matters have come to our attention which gfves us cause to belleve that In, any material respect: the accounting records were not kept in accordan wlth sertlon 130 of the Charlties Act. or the accounts did not accord with the accounting records; or the accounts dld not compty with the appllcable requirements concemlng the form and content of accounts set out In the Charltles (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts gNe a Irue and falrf view which Is not a matter consldered as part of an Independent examlnatlon. We have no conrn$ and have come across no other matters In connection wlth the examlnatlon to which attentlon should be drawn In thls report In order to enable a proper understanding of the accounts to be reached. Matthew Glbbs FCA For and on behalf of Rlce & Co Limited Chartered Accountsnts 14A Market Pla Uttoxeter Stsffordshlre ST14 8HP Page 4
Cheadle & Dlstrkt Foodbank Recelpts and Payments Account for the Year Ended 3tst December 2024 Total Funds Funds 2024 Funits 2024 2024 Reolpts Grants and donatlons 20,877 74.546 95A23 51,038 Total recelpts 20,877 74.546 95,423 51,038 Payments Insurance Statlonery R•Jom hire Food. etc IT equlpment Donatlons Trussell Trust Brant payments to Leek and Dlstrict Foodbank Chrlstmas meatslmeat vouthers Flnanclal Induslon projert costs Sundrfes 175 171 3,160 776 12 125 175 171 3,160 776 111 6.301 1.353 156 125 4,452 1,972 4,452 4,452 1,972 1,805 29,775 397 56.394 1230 16.525 56.394 72P19 40,278 Excess of reolpts over payments for the year 4,352 18.152 2204 10,760 OpenlnB cash funds 36N54 28,331 75.545 64,785 Uoslng cash funds 46,483 98,049 75,545 These flnandal ststements have been prepared on a receipts and ptyments basls. Page 5
Cheadle & District Foodbank Statement of Assets and Liabilitles at 31st Deomber 2024 Unrestrlcted Restrirted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Cash funds Cash at bank Cash Sn hand 47,053 1,193 49.803 96,856 1,193 75.205 340 Total cash funds 48,246 49,803 98,049 75,545 Liablllties Trade and other creditors 4,945 4,945 1,972 Approved by the Board of Trustees on.... and slgned on Its behalf by DlaWhlte- Page 6