REGISTERED CHARITY NUMBER: 1158120 Report of the Thistees and Unaudited Financial Statements for the Year Ended 31st I￿arCh 2024 for Tipton Food Bank Neil Westwood & Co. Chartered Accountants 101 DixoDS Green Road Dudley West Midlands DY2 7DJ Tipton Food Bank Report of the Trustees for the Year Ended 31st March 2024 The trustees present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Ftnancial Reporting Standard applicable in the UK and Rq)ublic of Ireland (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constittltes an unincoTW)fdted charity. REFERE￿,CE AND ADMINISTRATIVE DETAILS Registered Charity number 1158120 Principal address 15 Bennuda Close Dudley West Midlands DYI ILZ Trnstees J Blewitt M P Reynolds P H Bradley Mrs H J Pearce Independent Examiner Neil Westwood & Co. Chartered Accountants l 01 Dixons Green Road Dudley West Midlands DY2 7DJ Approved by order of the board of t￿￿eeS on 15th July 2024 and Si￿ed on its behalf by: P H Bradley - tee Page I Tipton Food Bank Balance Sheet 31st March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes CURREIYT ASSETS C&sh at bank and in band 17,587 17,587 11,609 NET CURRENT ASSETS 17,587 l7,587 11,609 TOTAL ASSETS LESS CURRENT LIABILrtIES 17.587 17,587 11,609 NET ASSETS 17,587 17,587 11,609 FUNDS Unrestricted funds 17,587 11,609 TOTAL FUNDS 17,587 11,609 The financial statements were approved by the Board of T￿￿teeS and authorised for issue on 15th July 2024 and were signed on its behalf by: J Blewitt - Trustee The notes forn] part of these financial statements Page 4 Tipton Food Bank Notes to the Financial Statements for tbe Year Ended 31st March 2024 ACCOUNTll¥G POLICIES Basis of preparfng the financial 5tstements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting standa￿ 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity h&s entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expcnditure is accounted for on an accruals basis and has been classifiLII under hcadings that aggregate all cost rela*d to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from Lqx on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trust¢es. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are rdised for particular restricted pury)oses. Further explanation of the nature and PUTpose of eacb fund is included in the notes to the fmancial statements. Page 5 continued... Tipton Food Bank Notes to the Financial Statements- continued for the Year Ended 31st March 2024 RAISING FUNDS Raising donations and legacies 2024 2023 Support Costs 1.568 TRUSTEES, REMUNERATtON AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 3 1st March 2024 nor for the year ended 3 1st March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023. COMPARATIVES FOR THE STATEMEwf OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Totsl funds INCOIIIE AND EM)OWMENTS FROM I)onations and legacies 4,315 4,315 EXPENDITURE OIY Charitable activities Food purchases 6,880 6,880 1.817 1,817 Total 8,697 8,697 NET INCOMEIIEXPENDrruRE) (4,382) (4,382) RECONCILIATION OF FU￿s Total funds brought forward 15,991 15,991 FORWARD 11,609 11,609 Page 6 contiDue(t.. Tipton Food Bank Notes to the Financial Ststements- continued for the Year Ended 31st March 2024 MOVEMENT LIY FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrleted funds General fimd I I.609 5.978 17,587 TOTAL FUNDS 11,609 5,978 17,587 Net movernent in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 17,534 {11,556) 5,978 TOTAL FUNDS 17,534 (11,556) 5,978 Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 15,991 (4,382) 11,609 TOTAL FUNDS 15,991 (4,382) 11,609 Comparative net movement in funds. included in the above are as follows: Incoming resources Resources Movement expended in fun(Ls Unrestricted ￿ndS Genernl fund 4,315 (8,697) (4,382) TOTAL FUNDS 4.315 (8.697) (4.382) Page 7 continued... Tipton Food Bank Notes to the Financial Statements - eontinued for the Year Ended 31st Msrch 2024 MOVEMENT IN FUNDS - eontfinued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds Genernl fund 15.991 1,596 17,587 TOTAL FufiDS 15,991 1,596 17,587 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in fimds Unrestricted funds General ftmd 21,849 (20253) 1,596 TOTAL FUNDS 21,849 (20253) 1,596 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 3 1st March 2024. Page 8 CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From Period start date 0114123 To 31103124 Period end date Charity name: TIPTON FOOD BANK Charity registration number: 1158120 Objectives and Activities SORP refeien Summary of the purposes of the charity as set 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 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, VVILL ENTITLE THE CLIENT TO 3 DAYS OF FOOD. THIS CAN BE DONE 3 TIMES. WE ALSO SIGNPOST AND OFFER ADVOCACY IN RELATION TO DEBT COUNSELLING AND RELIEF. WE HOLD REGULAR TRUSTEE MEETINGS AND ArrEMPT ALWAYS TO MONITOR ACHIEVMENT AND KNOW THAT WE ARE ACTING WITHIN THE REMIT OF OUR CHARITABLE STATUS. Summary of the main activities in relation to those purposes for the public benefi( in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 Statement Gonfimiing whether the trustees have had regard to the guidance issued by the Charity Commission on ublic benefit Parn 1.18 Additional information {optional) You ma choose to include further statements where relevant about: SORP refe￿nce Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP referen Demand through the food bank remained at record levels during the first half year as we continued to serve the community each Monday, Tuesday and Friday. We fed almost 3000 adults and children with 20 Tonnes of food. Summary of the main achievements of the charity, identifylng the difference the charity's work has made to the circumstances of its beneficlarles and any wider benefits to society as a whole. Pard 1.20 Receipt of food has increased during the year meanlng we have purchased less directly from superniarkets. During the year, our local authority advised us that the building we occupied would be demolished to make way for re4evelopment This news was the focus of trustees during the last six months. We now have been re-located. However, we have noticed that client footfall has declined as we all try to settle down followlng thls massive shock. Our new location offers enormous opportunitie5 to serve and this will be high on trustee "to do" list Currently we are working on a problem where DWP is suddenly not able to produce food vouchers owing to GDPR regulations. This means that clients present with a general letter signposting their clients to us - no name, no crisls, no addrèss. Food Banks alike will now be forced to deterniine whether Glients are truly in need. As a client-focussed organisation we shall ensure that we serve them to the best of our ability during the coming year. Additional Infomiation (optlonal) You ma choose to include further statements where relevant about: Achievements against objectives set Para 1.41 PerfO￿nanCe of fundraising activrties against objectives set Par8 1.41 Investment perfonnance against obj'ectives Para 1.41 Other Financial Review Review of the charity's financlal position at the end of the eriod Statement explaining the pollcy for holding reserves ststing why they are held Amount of reserves held Reasons for holding zero reserves Detalls of fund materially in deficit Explanation of any unc•rtainti•s about the charity continuing as a going concern Para 1.21 The Charity has sufficient reserves to meet its current obligations. Parn 1.22 We do not have a specific policy on reservas Parn 1.22 Nos cific olic Not applicable Para 1.22 Para 1.24 Not applicable Para 1.23 There is no uncertainty about the charity going fo￿ard. Th• Tru8t••8 agr¢¢ that the charity is a going concern looking twelve months forward. There is no cash Goncern. Additional inforniation (optional) You ma choose to include further statements where relevant about: The charity's princlpal sources of funds (includlng any fundraising) Para 1.47 Inveslment policy and objectives including any social investment policy adopted Para 1.46 A description of the princlpal risks faclng the charity Para 1A6 Other Structure, Governance and Management Description of charity's trusts: Type of governing document Para 1.25 Foundation Model Constitution How is the charity constituted? ." orated Para 1_25 cio Trustee selection methods Including detalls of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Parn 1.25 Apart from the first charity trustees. every trustee must be appointed for a terni of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charlty trustees, the charity trustees must have regard to skills, knowledge and experience needed for the effective administration of the CIO Additional information (optional) You ma choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Chari name Other name the charit uses istered charit number Charity's principal address TIPTON FOOD BANK °THE IAELL" 1158120 15, Bermuda Close. Woodsetton. DUDLEY DY14LZ Names of the charity trustees who manage the charlty Dates acted rf not for whole ear Trustse name Office (If any} Name of pèrson (or body) anlitled oint trusteo ifan Mr Michael Peter Reynolds Mr Peter Harold Bradley Mr John Spencer Blewitt Trustee and Chair Trustees and Treasurer Trustees & Secretary Trustee Mrs Heather Pearce 10 12 13 14 15 16 17 18 19 20 orate trustees - names of the directors at the date the re Director name ortwasa roved NONE Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not fi)r whole ear NONE Funds held as custodian trustees on behalf of others Description of the assets NOT APPLICABLE held in this capacty Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects NOT APPLICABLE Details of arrangements for safe custody and segregation of such assets from the charity's own assets NOT APPLICABLE Additional inforniation (optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional infonnation) Exemptions from disclosure Reason for non-disclosure of ke rsonnel details NOT APPLICABLE Other o tional inforniation NOT APPLICABLE Declarations The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charity's trustees Signature