2021-03-31-accounts - Tipton Food Bank

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		6,894		6,894	3,311
EXPENDITURE ON
Charitable activities
Food purchases Grants to other food banks		697 2,000	29	726 2,000	2,423
Other		1,717		1,717	1,468
Total		4,414	29	4,443	3,891
NET INCOME/(EXPENDITURE)		2,480	(29)	2,451	(580)
RECONCILIATION OF FUNDS
Total funds brought forward		13,605	29	13,634	14,214
TOTAL FUNDS CARRIED FORWARD		16,085		16,085	13,634

				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
CURRENT ASSETS
Cash at bank and in hand		16,085		16,085	13,634
NET CURRENT ASSETS		16,085		16,085	13,634
TOTAL ASSETSLESSCURRENT
LIABILITIES		16,085		16,085	13,634
NET ASSETS		16,085		16,085	13,634
FUNDS
Unrestricted funds Restricted funds				16,085	13,605 29
TOTAL FUNDS				16,085	13,634

COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		3,311		3,311
EXPENDITURE ON
Charitable activities
Food purchases		39	2,384	2,423
Other		1,468		1,468
Total		1,507	2,384	3,891
NET INCOME/(EXPENDITURE)		1,804	(2,384)	(580)
RECONCILIATION	OFFUNDS
Total funds brought forward		11,801	2,413	14,214
TOTAL FUNDS CARRIED
FORWARD		13,605	29	13,634

	SORP reference
Summary ofthe purposes ofthe charity asset out in its governing document	Para 1.17	TO RELIEVE FINANCIAL HARDSHIP PRIMARILY AMONG PEOPLE LIVING OR WORKING IN SANDWELL, DUDLEY,
		WOLVERHAMPTON AND WALSALL IN
		THE WEST MIDLANDS MAINLY BY
		PROVIDING SUCH PERSONS WITH FOOD
		WHICH THEY COULD NOT OTHERWISE
Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activities, projects orservices identified in the accounts.	Para 1.17and 1.19	AFFORD THROUGH LACK OF MEANS WE OFFER FREE FOOD TO THOSE WHO ARE IN POVERTY OR NEED VIA A VOUCHER BASED SYSTEM WHERE VOUCHER-HOLDING AGENCIES ASSESS NEED AND ISSUE ACCORDINGLY. VOUCHERS, WHEN PRESENTED TO THE FOOD BANK, WILL ENTITLE THE CLIENT
		TO3 DAYS OF FOOD. THIS CAN BE
		DONE 3TIMES.WE ALSO SIGNPOST
		AND OFFER ADVOCACY IN RELATION
Statement confirming	Para 1.18	TO DEBTCOUNSELLING AND RELIEF. WE HOLD REGULAR TRUSTEE
whether the trustees have		MEETINGS AND ATTEMPT ALWAYS TO
had regard to the guidance		MONITOR ACHIEVMENT AND KNOW
issued by the Charity		THAT WE ARE ACTING WITHIN THE
Commission on public		REMIT OF OUR CHARITABLE STATUS.
benefit

Financial Review
Review ofthe charity's financial position at the end ofthe riod	Para 1.21		The Charity has sufficient reserves to meet its current obligations.
Statement explaining the policy for holding reserves statin wh the are held	Para 1.22		We do not have a specific policy on reserves
Amount ofreserves held Reasons for holding zero reserves	Para 1.22 Para 1.22		No s ecific olic Not applicable
Details offund materially in deficit	Para 1.24		Not applicable
Explanation ofany uncertainties about the charity continuing as a oin concern	Para 1.23	There is no uncertainty about the charity going forward. Church would support with financial help ifrequired
Additional information (optional) You ma choose to include further statements			where relevant about:
The charity's principal
sources offunds
(including any fundraislng)
Investment policy and objectives Including any social investment policy	Para 1.4B
adopted
A description ofthe	Para 1.46
principal risks facing the
charity
Other

Description ofcharity's
trusts:
T eo yp fgoverning document	Para 1.25	Foundation Ilodel Constitution
(zrust deed, rG~ a& Charter)
How is the charity constituted'	Para 1.25	CIO
I B.g un&nCGr'(aor dreG
association CIQi
Trustee selection methods including details ofany constitutional provisions e.g.election to post or name ofany person or body entitled to appoint one or more trustees	Para 1.25	Apart from the first charity trustees, every trustee must be appointed for a term ofthree years by a resolution passed ata properly convened meeting ofthe charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees
		must have regard to skills, knowledge and experience needed for the effective
		administration ofthe CIO

						and experien administration	ce ne oft
Additional		information		(optional)
You ma	choose to include further statements					where relevant	about:
Policies	and		procedures
adopted	for	the induction		and
training	oftrustees
The charity's			organisational
structure	and		any wider		Para 1.51
network	with		which the
charity works
Relationship			with any related		Para 1.51
parties
Other

Name	s ofthe charity tru	stees who manage	the charity
	Trustee name Mr Michael Peter	ONce (ifany) Trustee and	Dates acted ifnot forwhole ear	Name to a	ofperson (orbody) entitled oint trustee Ifan
	Reynolds	Chair
	Mr Peter Harold	Trustees and
	Bradley	Treasurer
	Mr John Spencer	Trustees 8
	Blewitt	Secretary
	Mrs Heather Pearce	Trustee	1/8/20
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Cor orate trustees —names ofthe directors at the date the re ort was a	roved
Director name
NONE

Name	oftrustees hold	ing title to prop	erty b	elong	ing	to th	e ch
Trustee	name	Dates	acted	ifnot	for	whole	ear
NONE