2023-03-31-accounts - Tipton Food Bank

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					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			4,315		4,315	8,497
EXPENDITURE ON
Charitable activities
Food purchases Grants to other food banks			6,880		6,880	3,156 4,000
Other			1,817		1,817	1,435
Total			8,697		8,697	8,591
NET INCOME/(EXPENDITURE)			(4,382)		(4,382)	(94)
RECONCILIATION	OFFUNDS
Total funds brought forward			15,991		15,991	16,085
TOTAL FUNDS CARRIED FORWARD			11,609		11,609	15,991

COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	fund	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies	8,497		8,497
EXPENDITURE ON
Charitable activities
Food purchases	3,156		3,156
Grants to other food banks	4,000		4,000
Other	1,435		1,435
Total	8,591		8,591
NET INCOME/(EXPENDITURE)	(94)		(94)
RECONCILIATION OFFUNDS
Total funds brought forward	16,085		16,085
TOTAL FUNDS CARRIED
FORWARD	15,991		15,991

MOVEMEN		T IN FUNDS
							Net
							movement	At
						At 1.4.22	in funds	31.3.23
Unrestricted		funds
General fund						15,991	(4,382)	11,609
TOTAL FUNDS						15,991	(4,382)	11,609
Net movement		in funds, included			in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted		funds
General fund						4,315	(8,697)	(4,382)
TOTAL FUNDS						4,315	(8,697)	(4,382)
Comparatives		for movement		in	funds
							Net
							movement	At
						At 1.4.21	in funds	31.3.22
Unrestricted		funds
General fund						16,085	(94)	15,991
TOTAL FUNDS						16,085	(94)	15,991
Comparative	net movement		in	funds, included in the above are		as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted		funds
General fund						8,497	(8,591)	(94)
TOTAL FUNDS						8,497	(8,591)	(94)

		SORP reference
Summary ofthe purposes ofthe charity as set out in		Para 1.1?	TO RELIEVE FINANCIAL HARDSHIP PRIMARILY AMONG PEOPLE LIVING OR
its governing document			WORKING IN SANDWELL, DUDLEY,
			WOLVERHAMPTON AND WALSALL IN
			THE WEST MIDLANDS MAINLY BY
			PROVIDING SUCH PERSONS WITH
			FOOD WHICH THEY COULD NOT
			OTHERWISE AFFORD THROUGH LACK
			OF MEANS
Summary ofthe main activities in relation to those purposes for the		Para 1.1?and 1.19	WE OFFER FREE FOOD TO THOSE WHO ARE IN POVERTY OR NEED VIA A VOUCHER BASED SYSTEMWHERE
public benefit, in			VOUCHER-HOLDING AGENCIES
particular, the activities,			ASSESSNEED AND ISSUE
projects orservices			ACCORDINGLY. VOUCHERS, WHEN
identified in the accounts.			PRESENTED TO THE FOOD BANK, WILL
			ENTITLE THE CLIENT TO3DAYS OF
			FOOD. THIS CAN BEDONE 3TIMES.WE
			ALSO SIGNPOST AND OFFER
			ADVOCACY IN RELATION TO DEBT
			COUNSELLING AND RELIEF.
Statement confirming		Para 1.18	WE HOLD REGULAR TRUSTEE
whether the trustees	have		INEETINGS AND ATTEMPT ALWAYS TO
had regard to the			IIONITOR ACHIEVMENT AND KNOW
guidance issued by the			THAT WE ARE ACTING WITHIN THE
Charity Commission	on		REMIT OF OUR CHARITABLE STATUS.
ublic benefit

					Para 1.38
Contribution	made by
volunteers
Other
Achieveme	n	ts		and Performance
					SORP reference
						Driven by the accelerating inflation	rate,
						we have seen a 57%jump in demand food and non-food items.	for
Summary ofthe main achievements ofthe					Para 1.20	Simultaneously we have seen a decrease in the donations received;	we
charity, identifying the difference the charity's work has made to the						presume because purchases are now more expensive, so donors buy fewer items.
circumstances			ofits			The future looks evermore to be an
beneficiaries wider benefits		and any to society				increasing cycle ofinflation and demand at foodbanks.
as awhole.						The trustees took the decision to
						purchase food from Asda during Jan
						2021 to fill the deficit in donations and
						this continued through the year 2022-
						2023.Purchase offood increased
						significantly affecting the cash balance
						and the situation continues.
						We have noticed that there isa marked
						change in circumstances in client
						resilience; many present with an
						underlying debt problem, which
						threatens to lead to other dire
						consequences.
						lNost serious ofall we have seen an
						increase in women who have been
						abused attending the food bank —an
						increase ofover 40%.
						Also, in the year, we have seen an influx
						oflegal refugees who have no status	to
						receive state benefits.
						All in all, this was avery busy and
						worrying year and things do not look
						bright on the horizon.
						As a team, we are very proud ofour
						efforts to combat many ofthe
						devastating changes in our community.

Achievements against
objectives set
Performance offundraising
activities against objectives
set
Investment performance
against objectives
Other

Financial Review
Review ofthe charity's	Para 1.21	The Charity has sufficient reserves to
financial position at the end ofthe eriod		meet its current obligations.
Statement explaining the policy for holding	Para 1.22	We do not have a specific policy on reserves
reserves stating why they
are held
Amount ofreserves held	Para 1.22	No s ecific olic
Reasons for holding zero	Para 1.22	Not applicable
reserves
Details offund materially in deficit	Para 1.24	Not applicable
Explanation ofany uncertainties about the charity continuing as a going concern	Para 1.23	There is no uncertainty about the charity going forward. The Trustees agree that the charity is a going concern looking twelve months forward. There is no cash
		concern.

Description ofcharity's
trusts:
Type of governing	Para 1.25	Foundation Model Constitution
document
How is the charity	Para 1.25	CIO
constituted?
Trustee selection methods	Para 1.25	Apart from the first		charity trustees,
including details ofany constitutional provisions e.g.election to post or name ofany person or		every trustee must be appointed for a term ofthree years by a resolution passed at a properly convened meeting ofthe charity trustees.
body entitled to appoint		In selecting individuals			for appointment
one or more trustees		as charity trustees,		the charity trustees
		must have regard to skills, knowledge
		and experience needed			for the effective
		administration	ofthe CIO
Additional information (optional)
You ma choose to include further statements		where relevant	about:
Policies and procedures adopted for the induction	Para 1.51
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

ames	ofthe charity trus	tees who manage t	he charity
	Trustee name	Office (ifany)	Dates acted ifnot for whole ear	Name toa	ofperson (or body) entitled int trustee ifan
	Mr Michael Peter	Trustee and
	Reynolds	Chair
	Mr Peter Harold	Trustees and
	Bradley	Treasurer
3	Mr John Spencer Blewitt	Trustees 8 Secretary
4	Mrs Heather Pearce	Trustee
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

ame o	ftrustees holdi	ng title to prope	rty b	elongi	ng	to the	ch
Trustee	name	Dates	acted	ifnot	for	whole	ear
NONE

Names an	d addresses ofadv	isers (Optional information)
Type of	Name	Address
adviser
Name of	chief executive or names ofsenior staff members		(Optional	information)