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← Gateshead Foodbank

2024-03-31-accounts

Gateshead Q Foodbank Together with Trussell AGM REPORTS- 2023-2024

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Chair’s Report April 2023 to March 2024

Our mission continues to be to provide emergency food parcels to local individuals/families in crisis and to offer care and ongoing support to help them to maximise their income.

With your support we have been able to be generous and have provided food parcels for 8454 people, 61% of those only attended once. The number fed is a slight decrease on 2022/23 however the Government did give people ‘cost of living payments’ throughout the year which we believe had a positive impact on foodbank use. As we do not want to build dependency with foodbank users, our volunteers always offer signposting so foodbank users can access individualised support from a variety of relevant organisations. Our staff and volunteers work hard to understand what is on offer in the local community to support those in need

Our steering group, trustees and volunteers give their time for free and often their work is unseen and for this I want to thank them. Thank you to those of you who faithfully collect and deliver food to the warehouse and to our referral partners who assess the needs of individuals. Also, thanks to those who organise the many local events over the year together with Harvest and Christmas. To find out more please follow us on social media or subscribe to our bimonthly newsletter (email info@gateshead.foodbank.org.uk for more information)

A big thank you for the services of Citizen Advice staff working on the Financial Inclusion project. During the second year of this work our volunteers signposted 292 people to them and whilst only 59 of those fully engaged they have received a huge total of £245,795 in financial gains.

In December 2023 we were able to employ a second member of staff, Rebekah Scott, who has settled well into the role of managing operations at the distribution centres. This has enabled Lesleyann, our Project Manager, to have time to get out and about into the community and develop stronger relationships with our partners and referral agencies. One of the key things that they explore together is how to end the need for foodbank reliance.

We wholly believe that It’s not right that anyone needs to use a foodbank and that people should have enough income for the essentials. Unfortunately for people on the lowest income the impact has been the hardest. Often people have to make difficult choices and find it almost impossible to make their money stretch.

As a board we will continue to monitor the live data we hold to examine who is worst affected, look at trends and work with our partner organisations to support people. To begin to achieve food security and alleviate poverty we must work together. Future plans include regularly reviewing our strategic plan and mission statement. It is important that we examine the drivers of local food insecurity and poverty. We have been successful in receiving funding from The Trussell Trust to explore this more fully from April 2024.

Jackie Beeley

Chair Gateshead Foodbank

Warehouse Report 2023 – 2024 ~~pe~~

Another busy year in which has seen us give out 8,454 food parcels.

What that means for the warehouse is that we have handled 245.6 tonnes of food (123.6 tonnes received and 122.0 tonnes distributed).

Our supporters continue to generously donate at a range of places, such as schools, churches, and businesses, as well as supermarket collection points.

However, demand continues to outstrip supply forcing us, as in previous years, to bulk purchase over 50% of our food requirements.

Our top 10 donors excluding supermarkets are:

Huge thank you to Primrose Hill for their ongoing support and who have donated a magnificent 7.7 Tonnes of food since April 2020.

All of this is not possible without our small but dedicated team of volunteers and on behalf of my fellow trustees a huge thank you for your time well given.

I must give a special mention and personal thanks to Vic. Vic decided to stand down as team leader for the Wednesday shift earlier this year. Much of how the warehouse is now set up and the processes we follow is down to Vic. When Covid hit we had to do things different in the warehouse and that meant completely reorganising the warehouse to give us much needed space. That was all done by Vic ably supported by John Smith. Thanks again Vic.

Rob Brotherston

Warehouse Manager

Distribution Report April 2023 to March 2024

Our three Distribution Centres over the last year have supported 8,454 people with emergency food and offered support to ultimately move them on from accessing the food bank. Our Distribution Centres consist of 96 Volunteers and 16 Warehouse Volunteers and a commissioned Financial Inclusion Worker. As well as two full time staff, we all come together to ensure people accessing our food banks, who are struggling to afford the basic essentials, receive the right food, a listening ear and ways to improve their financial situation. Creating an environment that is safe and welcoming, in line with Gateshead Foodbank ethos to treat people with respect and dignity in a non-judgemental way. None of this would be possible without a collective effort to feed people in emergency situations, offer support and help them to move on from needing to access the food bank. Thank you.

We would like to thank all involved in our continued partnership with Blaydon and Birtley Methodist Churches and the reception staff at Gateshead Citizens Advice (who greet and manage those attending Gateshead Distribution).

Throughout our Distribution Centres we have seen a decrease in those accessing emergency food parcels, we fed a total of 8,454 people compared to 9,671 the previous year. Showing a decrease of 12.5%, due to a combination of factors. One being people received ‘Cost of Living Payments’ from the Government. This correlates with our data below and we can see an evident dip in numbers attending the food bank. This suggests when people have cash in their own pockets, they do not visit the food bank. The second reason relates to the great work our volunteers do in signposting people onto the right support. This is on top of our Financial Inclusion worker, whose main aim is to increase gains for people where possible. Thirdly, our Referral Partners who understand we are the last port of call and offer those people who they assess help and advice with the reasons they are needing emergency food, thus decreasing the number of times people visit the food bank.

Our food parcels are made up from kind food and monetary donations, parcels offer people short term emergency food for up to 7 days. We give people the choice of what they would like to take from a standard tray, in addition to this a range of extras such as fresh fruit and vegetables, bread and frozen items. We accommodate as best we can individuals who have dietary and cultural requests from kind donations. We are able to offer toiletries, nappies, sanitary products and pet food, which are donation dependent. We want to thank ‘everyone’ within our community from individuals to businesses, who enable us to offer a range and choice of items in a dignified manner, to those people who visit Gateshead Foodbank.

Over all people fed:
Distribution Fulfilled
vouchers
(households)		 Adults Children Total
Birtley 283 428 215 643
Blaydon 321 468 230 698
Gateshead 3627 4864 2249 7113
Total 8454

Trend of visit relating to Cost of Living Payment: (COLP)

Note 1 = COLP & Bus Strike Referral Partners: Referral Partners:

Referral Partners:

4231 referrals were made from 63 referral partners. Referrals consisted of 14 Red vouchers and 4217 E- vouchers, this is a significant decrease in the number of red vouchers issued from the previous year of 138. We continue to encourage and support all referral partners onto the E-referral system. Of the 8454 people fed, 61% of those referred by our partners only visited the food bank once in this period. This is a testament to the great partnership working and communication we have to ensure people are offered individual packages of support as well as food. We have continued to deliver our monthly “New Referrers” Meeting, for agencies who would like to become a referral partner or to build up more knowledge about the Foodbank, increasing our network and community working together.

Financial Inclusion Partners

All distribution centres have access and resources from the Financial Inclusion Team. They have been able to offer much needed advice and support, with evidence clearly showing substantial financial gains for individuals who have been referred (see table below). The Financial Inclusion Team received 292. referrals for advice and support with 59 people engaging and completing. As part of an individual’s support package, 2 x SIM cards from Vodafone were issued with 20GB of data and unlimited calls/texts for 6 months were issued. 19 individuals received a top up energy fuel voucher worth £54.

Financial Inclusion

During this period 292 people were referred into FI service with a total of 59 people engaging.

April 23 -
March 24		 April -
June 23		 July -
Sep 23		 Oct -
Dec 23		 Jan -
March 24		 Totals
FI gains 88,879.00 62,675.00 29,841.00 64,400.00 245,795.00
Debt managed 116,657.69 51,957.62 70,091.00 64,063.00 302,769.31
Total Debt written off 9,758.86 0 500 32,819.00 130,907.86

Christmas Hampers

Over a three-week period in December 2023, we gave out 374 Christmas hampers across all 3 distribution centres and a total of £1,490 in vouchers. Individuals and families were able to purchase whatever they needed with the vouchers, giving them choice, as well as their Christmas hamper. This was all possible through kind food and monetary donations. Many thanks to all our referral partners and support agencies.

Lesleyann Watson – Project Manager

FINANCIAL REVIEW

WHERE OUR INCOME COMES FROM

We are reliant upon the generosity of all our supports to fund our charitable activities. Our income is made up of donations (including Gift Aid) from individuals plus donations and grants from corporates, trusts and our local authority.

Public donations - £87,660

Corporate Supporters - £72,847

Investments - £2,136

This relates to interest income earnt on our bank deposits during the year.

Donated Food - £149,628

This represents the financial value of food and toiletries donated.

Grants - £152,450

o Gateshead MBC £20,500.00
o Community Foundation £5,000.00
o Trussell Trust £51,950.00
o National Lottery £75,000.00

FINANCIAL REVIEW

WHERE WE SPEND OUR INCOME

==> picture [59 x 33] intentionally omitted <==

----- Start of picture text -----
Expenditure
£0.449m
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Distribution - £46,663

This is the cost to distribute food parcels and includes our distribution centres, warehouse and motor expenses.

Financial Inclusion Service - £30,432

This is a bought in service from the Citizens Advice Centre.

Salaries & Related Expenses - £46,213

Food Purchases - £184,419

Bulk Food Purchases principally from Morrisons Wholesale.

Donated Food - £141,053

This represents the financial cost of food and toiletries donated for distribution.

Gateshead Foodbank Davidson Building Swan Street Gateshead Tyne & wear NE8 1BG

Info: 07496 840 720

Warehouse 07496 840 722

admin@gateshead.foodbank.org.uk

distribution@gateshead.foodbank.org.uk

info@gateshead.foodbank.org.uk

Warehouse@gateshead.foodbank.org.uk

finance@gateshead.foodbank.org.uk

Gateshead Foodbank

Emergency food for Gateshead people in crisis

Charity registration number 1161395

GATESHEAD FOODBANK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

GATESHEAD FOODBANK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Steven Caithness
Robert Brotherston
Carol Thompson
Don Sinclair
Jackie Beeley
Mr John Smith
Charity number 1161395
Principal address Gateshead Foodbank
Davidson Building
Swan Street
Gateshead
Tyne & Wear
NE8 1BG
Independent examiner Stephen Lamb, FCA
12 Bessemer Court
Hownsgill Industrial Park
Knitsley Lane
Consett
Co Durham
DH8 7BL

GATESHEAD FOODBANK

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Statement of cash flows
Notes to the financial statements 7 - 15

GATESHEAD FOODBANK

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "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 1 January 2019).

Objectives and activities

The purpose of the charity is to prevent or relieve poverty in Gateshead by providing food and support to individuals in need and or charities or other organisations working to prevent or relieve poverty.

The strategies employed to achieve the charity’s aims and objective is to operate weekly food banks for people in need. Donations of food are collected and distributed to people referred into Gateshead Foodbank by professional and voluntary organisations working in Gateshead.

In shaping the objectives for the period and planning activities, the trustees have considered the Charity Commission’s guidance on public benefit. The trustees are confident the activities meet the guidance.

Achievements and performance

Significant activities and achievements against objectives

The charity is run mainly by volunteers. Funding from the Trussell Trust enabled the employment of a Manager halfway through the year. The total number of regular volunteers is 100. They gave 12,569 hours (2022 -15,374 hours) of their time during the year. The volunteers worked in the warehouse, distribution centres, collecting from supermarkets and administration. Volunteers attended events and trustees meetings in the period.

The volunteers’ contribution in financial terms if each hour was paid in accordance with the new National Living wage is £119,406 (2022 - £136,982).

During the year 9,766 people (2022 - 3,344 people) were provided with food parcels. Within those figures 3,433 (2022 - 1,543) were children. The weight of food taken in was 129,310 kilograms. Over 130,000 kilograms was distributed.

Without help and generosity from individuals and organisations as well the number of food parcels would not have achieved the numbers to meet the needs of people in crisis within the community. If five kilograms of food equals £11.85 the monetary value of donated food is over £300,000.

The logistics of dealing with the quantity with collection storage and distribution have to be planned carefully to avoid spoilage through damage or out of date products. The Foodbank has to ensure the range of food at the distribution centres is such that users with special dietary requirements are not turned away or leave with less food than they need.

The Trussell Trust provided a further £18,000 to facilitate continued employment of a Project Manager.

GATESHEAD FOODBANK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Financial review

Monetary donations amounted to £155,567 (2023 - £217,569) from regular gifts to one-off donations. The value of food donated for distribution to beneficiaries amounted to £149,628 (2023 - £306,465).

A total of £95,318 was received from The Trussell Trust – of which £51,950 has been classified as Grant Funding relating to the 2024 financial year. (£35,843 has been classified as deferred income as this amount related to funding for the 2025 financial year)

Additional grant funding was received from Gateshead MBC, Community Foundation at Tyne and Wear, Northumberland and Durham together with The National Lottery. The total aggregate value of that additional grant funding amounted to £100,500. Additional details can be found in the notes to the accounts.

Operating costs in the year were £306,877 (2023 - £223,085). Additional expenditure of donated goods distributed amounted to £141,053 (2023 - £360,889).

The bank balance at the year-end was £515,730 (2023 - £461,153).

Major risks

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

Gateshead Foodbank Is A Charitable Incorporated Organisation and was formed via a constitution on the 23 April 2015.

The trustees who served during the year and up to the date of signature of the financial statements were: Steven Caithness

Robert Brotherston Carol Thompson Don Sinclair Jackie Beeley Mr John Smith

Recruitment and appointment of trustees

The trustees meet on a regular basis to review finances how the charity is performing and to strategise for the future. New trustees are recruited by way of recommendation and are provided with training in the charity’s operations when joining the board of trustees. Trustees are not remunerated for the work they carry out for the charity.

GATESHEAD FOODBANK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

The trustees' report was approved by the Board of Trustees.

Mr John Smith Trustee

20 September 2024

GATESHEAD FOODBANK

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF GATESHEAD FOODBANK

I report to the trustees on my examination of the financial statements of Gateshead Foodbank (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’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 member of Instute of Chartered Accountants in England and Wales, 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 that in any material respect:

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 financial statements to be reached.

Stephen Lamb, FCA

12 Bessemer Court Hownsgill Industrial Park Knitsley Lane Consett Co Durham DH8 7BL

Dated: 20 September 2024

GATESHEAD FOODBANK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
2
306,398
152,450
Investments
3
2,136
-
Other income
4
3,758
-
Total income
312,292
152,450
Expenditure on:
Charitable activities
5
296,330
152,450
Total expenditure
296,330
152,450
Net income
15,962
-
Transfers between
funds
-
-
Net movement in
funds
7
15,962
-
Reconciliation of funds:
Fund balances at 1 April 2023
505,061
-
Fund balances at 31 March
2024
521,023
-		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
458,848
567,486
53,136
2,136
326
-
3,758
3,470
-
464,742
571,282
53,136
448,780
500,490
84,084
448,780
500,490
84,084
15,962
70,792
(30,948)
-
(21,948)
21,948
15,962
48,844
(9,000)
505,061
456,217
9,000
521,023
505,061
-		 Total
2023
£
620,622
326
3,470
624,418
584,574
584,574
39,844
-
39,844
465,217
505,061

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

GATESHEAD FOODBANK

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Net assets excluding pension liability
The funds of the charity
Unrestricted funds		 2024
£
29,239
501
515,853
545,593
(38,598)		 £
14,028
506,995
521,023
521,023
521,023
521,023		 2023
£
23,572
1,598
462,105
487,275
(1,813)		 £
19,599
485,462
505,061
505,061
505,061
505,061

The financial statements were approved by the trustees on 20 September 2024

Mr John Smith

Trustee

GATESHEAD FOODBANK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Gateshead Foodbank is a CIO.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

GATESHEAD FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

The value of services provided by volunteers is not incorporated into these financial services. Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements as an estimate based on the value of the contribution to the food bank.

Food and other items donated to the food bank and held as stock for distribution by the food bank, are recognised as income within voluntary income when received and as stock;p an equivalent amount is included as expenditure when stock is distributed.

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. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 33% - straight line Motor vehicles 25% - reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at a valuation by weight based on Trussell Trust guidelines.

GATESHEAD FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

GATESHEAD FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

2 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
306,398
-
Grant income
-
152,450
306,398
152,450
Donations and gifts
Donated goods for
distribution to
beneficiaries
149,628
-
Public and corporate
donations
155,567
-
Gift aid
-
-
Other
1,203
-
306,398
-
Grants receivable for core activities
Gateshead MBC
-
20,500
Community Foundation
-
5,000
Trussell Trust
-
51,950
National Lottery
-
75,000
-
152,450		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
306,398
528,013
-
152,450
39,473
53,136
458,848
567,486
53,136
149,628
306,465
-
155,567
217,569
-
-
3,979
-
1,203
-
-
306,398
528,013
-
20,500
22,450
-
5,000
6,900
-
51,950
10,123
53,136
75,000
-
-
152,450
39,473
53,136		 Total
2023
£
528,013
92,609
620,622
306,465
217,569
3,979
-
528,013
22,450
6,900
63,259
-
92,609

3 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 2,136 326

GATESHEAD FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

4 Other income

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Employment allowance 3,758 3,470
5 Expenditure on charitable activities
Food Bank Food Bank
Activities Activities
2024 2023
£ £
Direct costs
Staff costs 46,213 44,740
Depreciation and impairment 5,571 5,985
Value of donated food distributed 140,627 360,889
Top up food purchases and carriage 184,845 100,818
Rent and venue hire 11,340 11,640
Warehousing 13,331 6,498
Equipment 1,756 3,057
Repairs and maintenance 6 198
Sundries 3,728 1,112
Insurance 1,093 1,024
Office and administration 8,913 3,377
Bank charges 75 15
Donations - 5,900
Citizens Advice services 30,432 38,721
447,930 583,974
Share of support and governance costs (see note 6)
Support 850 600
448,780 584,574
Analysis by fund
Unrestricted funds 296,330 500,490
Restricted funds 152,450 84,084
448,780 584,574

GATESHEAD FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

6
Support costs allocated to activities
Governance costs
Analysed between:
Food Bank Activities
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2024
£
850
850
2024
£
850
5,571		 2023
£
600
600
2023
£
600
5,985

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Managers 2 2
Employment costs 2024 2023
£ £
Wages and salaries 40,536 40,397
Social security costs 3,758 3,470
Other pension costs 1,919 873
46,213 44,740

There were no employees whose annual remuneration was more than £60,000.

GATESHEAD FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Tangible fixed assets

Fixtures and
fittings
Motor vehicles
£
£
Cost
At 1 April 2023
2,658
32,486
Disposals
(2,658)
-
At 31 March 2024
-
32,486
Depreciation and impairment
At 1 April 2023
1,763
13,782
Depreciation charged in the year
895
4,676
Eliminated in respect of disposals
(2,658)
-
At 31 March 2024
-
18,458
Carrying amount
At 31 March 2024
-
14,028
At 31 March 2023
895
18,704
12
Stocks
2024
£
Stock at valuation
29,239
13
Debtors
2024
Amounts falling due within one year:
£
Other debtors
-
Prepayments and accrued income
501
501		 Total
£
35,144
(2,658)
32,486
15,545
5,571
(2,658)
18,458
14,028
19,599
2023
£
23,572
2023
£
370
1,228
1,598

GATESHEAD FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

14
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
15
Other creditors
Accruals
15
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Resources deferred in the year
Deferred income at 31 March 2024		 2024
£
1,905
35,843
-
850
38,598
2024
£
35,843
2024
£
35,843
-
35,843
35,843		 2023
£
1,016
-
102
695
1,813
2023
£
-
2023
£
-
-
-
-

Income deferred at 31 March 2024 relates to an amount received from the Trussell Trust at the end of the financial year that was utilised in the following financial year.

16 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 1,919 873

GATESHEAD FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

16 Retirement benefit schemes

(Continued)

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023 Incoming Resources Transfers At 31 March
resources expended 2024
£ £ £ £ £
General funds 505,061 312,292 (296,330) - 521,023
Previous year: At 1 April 2022 Incoming Resources Transfers At 31 March
resources expended 2023
£ £ £ £ £
General funds 456,217 571,282 (500,490) (21,948) 505,061

18 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).