S2 Food Poverty Network Financial Statements for the year ended 31 December 2024 FOOD BANK . Charity number: 1162137 Voluntary Actlon Rotherham The Spectrum. Coke Hill. Rotherham, S60 2HX Tel, 01709 829821 Fax.. 01709 829822 Email.. admin@varotherham.org.uk Web.. www.varotherham.org.uk
S2 Food Poverty Network Contents Page Legal and administrative information Trustees, annual report Independent examiners report Statement of financial activities Balance sheet Notes to the aCUntS 10-14
S2 Food Poverty Network Legal and Administrative Information Charity number 1162137 Trustees J Le Corney D Matthews - Secretary J Hull Co Chairperson T Gallagher- Treasurer J Whyms Rev Sibylle Eva Nolhhelfer-Batlen Sioned-mair Richards C McKee G Roberts L Warren J Steinke Registered office Sl Aidan's Church and Community Centr8 2 Manor Lane Sheffield S21UF Bankers The Co-operative Bank Po Box 250 Skelmerdal WN8 6WT Independent examiner Prathibhani Herath ACMA,CGMA Voluntary Action Rotherham The Spectrum Coke Hill Rolherham S60 2HX
S2 Food Poverty Network Trustees. annual report for the year ended 31 December 2024 The charity is run according to its constitution which was adopted on 11 September 2013 and amended on 19 May 2015. It became registered as a charity on 11 June 2015. Objectives and activities The charity's objects are the prevention or relief of poverty, in particular among people living within the S2 postcode are of Sheffield, by the provision of emergency food parcels, items, services and facilities to individuals in financial need. Achievements and perforniance a. The Overall Picture We continue to keep detailed, good records. These inform my report. We weigh all incoming donations and outgoing parcels of food. We know how many clients we help eaGh week. We know the reasons why each individual has fallen into food poverty. Our unit of measurement is "people fed" That is the number of individuals. or family members, who received provision for a week. For instance, a family of three attending Food Bank for four weeks would mean 12 "people fed" The overall dala show thal we gave 9628 weekly provisions in 2024. The equivalent figure for 2023 was 9900. We are addressing entrenched need. We know the reason for the food poverty of each client. Just below half cited debt. Just below half were simply short of money for essential expenditure. Significant numbers were unemployed, awaiting delayed benefits or homeless. Smaller numbers were asylum seeking, or refugees. b. Clarity in our approach In March 2023, we had opened our new Community Food Shop in premises across the road from our Food Bank base at st. Swithun's. 2024 was Ihe first full year of operation of our new model. Our new twin approach {Food Bank and Community Food Shop) represented slralegies to relieve food poverty (the Bank) and then to address underlying causes of that poverty Icommunitv Shop). Clients, who oflen now are self-referred, spend around 4 weeks using Food Bank. During this time, they are asked to brinq evidence of Iheir need. If the need continues beyond 4-6 weeks, the client is invited to use the new Community Food Shop. Slhe pays £4 per week to use the Shop. The Shop is stocked with, notjust tinned and preserved foods, but with fresh food {oflen from Fareshare), fruit and vegetables, plus hygiene items. Clients exercise greater, but guided, choice. Typically their £4 would secure food to a value, d8Dendina on familv size. of around £40.
S2 Food Poverty Network Trustees, annual report continued for the year ended 31 December 2024 Achievements and performance continued By the close of 2024, we were averaging c70 clients per week in the Food Bank and c150 per week in Food Shop. In the same period in 2023 the comparative figures were c100 (Food Bank) and c108 (Food Shop). The changed balance (Food Bank down and Food Shop up) reflects the shorter norm for Food Bank eligibility and growth in longer-term access to the Shop. The most frequent reasons for referral to Food Bank, and subsequent access to Food Shop are (a) debt and (b} the challenge of accessing a full range of benefits to which the client might be entitled. To address the issue of debt. we have subscribed to the charity, Community Money Advice. CMA'S model SLJils our needs. They train S2 Food Bank volunteers as debt mentors. The menlors inteNiew clienls and make appropriate records. These data are then inputted to CMA'S site. CMA experts then point the way fomard. We now have 6 volunteers trained as debt mentors. By the end of 2024 our menlors were working on 52 "aclive" CMA cases. During 2024 30 cases were closed. Of Ihese 15 had achieved Debt Relief Orders in which £125,076 of debt was written off. A DRO is a government approved method of dealing with personal debts which enables the debtor, with some restrictions, to make a fresh slart. Our deeper discussions with clients had revealed that many were not in receipt of all the benefits to which they might be entitled. We appointed a benefits advisor who immediately deployed relevant expertise. His role was agreed via a Service Level Agreement with Manor and Caslle Development Trust. In the course of 2024, he pursued the cases of 89 clienls. He researched their eligibilily for Discretionary Housing Payments, Personal Independence Payments, Limited capability for Work allowance, Disability Living Allowance. Council Tax Support and Housing Support Fund. He secured £42,188 in additional benefits. ¢. Continuing, but enhancing, established practices As in previous years, in early 2024 we provided Winter Fuel top-ups. These were £12200 in value. Just before Christmas, we provided Christmas family dinner parcels to help 97 adults and 92 children enjoy the season. The contents of these parGels were determined by family sizelcomposition and by their choices of meats, qarnishes. puddinqs etc. We provided (sets of up to 8) presents for the 92 chlldren. Volunteers from several local businesses and our associated charities helped with wrapping presents. d. The bimonthly Newsletter Our Management Group, which includes Trustees, meets every two months. In May 2023, I began to post on the S2 Food Poverty Network Website, a Newsletter. This reported discussions, issues and trends which had emerged in our management meetings. l am now, thanks to a repeated invitation in these Newsletters, in grateful, more personal, contact with some 50 lonqstandina donors. During 2024,1 circulated six more Newsletters in an eslablished format.
S2 Food Poverty Network Trustees. annual report Continued for the year ended 31 December 2024 Achievements and performance continued e. Donations and Trends There are three routes by which we obtain the food distributed by Food Bank and Food Shop. Here are totals for 2024. In brackets are comparative figures for 2023'.- 14,831 tonnes of food came via donations in kind. Often these foods came through local collectinq qroups. 120,1241 43,939 tonnes were purchased. These purchases were funded by standing order and other cash donation to Food Bank. 151.747) 15,946 tonnes came from Fareshare, the charity which distributes close-to-use-by foods from shop chains and restaurants. 116.7461 The comparative (2023 to 20241 figures show a drop in in-kind donations. Our standing order and cash donations also reduced. f. A Change In Perspectlve Let me mention how our financial understanding grew and changed post Covid. We had been very effective, thanks in particular to John Le Corney, one of our trustees, in pursuing a range of grants to help charities mid-pandemic. Furthermore, demand for our food parcels actually fell during the pandemic. This was due both to the rigors of isolation and to temporary uplifts in available benefits. Thus we ended 2022 with a healthv positive balance in our In the financial years of 2023 and 2024, we set deficit budgets. We planned carefully, and over time. to run down the reserves but knew we needed to keep an adequate buffer. We spent on a number of initiatives which, we knew, would deplete the reseNes-. We would spend on fuel top-ups in winler. We further spent on support to olher food-related charities in our area. We shared reSoUrS and expertise with Park Community Action {PCA). We would priorilize the Community Shop, developing strategies to address clients, debt issues and to secure their full benefit entitlements. We now, in late 2024, reached a turning point. The upkeep {rent, rates, utilities) of the Shop premises, plus the additional numbers of clients whiGh the Shop serves whilst issues are addressed, have depleted our reserves. The most important of the three sets of initiatives listed above is the provision of the shop and its associated work on debts and enlitlements. Looking fomard, we now realize Ihat 2025 should be our final deficit budget year. We did not pursue sources of external grant funding after the end of Covid. We have now reinvigorated efforts to secure grants. We are seeking grants from a range of locally based charities to help maintain the Shop plus associated initialives. We have, sadly, ceased our outreach support to local providers such as PCA. We are limiting our help with fuel costs whilst supporting clients, aDDlicalions to other fuel-related Gharities.
Trustee for the yo Achl6vem6nt$ and performancè cont ood Poverty Network ' annual report continued r end•d 31 December 2024 nued g. Deep, slncere thanks This report on S2 Food Poverty N8lwor gratitude to our donors. slaff and volLtnl be inappropriatè lo mention names of in meeting or hglp as a volunteer, l am de the volunt69rs and our team of leaders. regular Golleclions of food or financial co 's activities in 2024 musl Include sincerg expression of ers. Wilhoul Ih8m we could not do our vital work. 11 would viduals. Just let m8 say that, each lime l allend a ply impressed by the d8dicalion, empathy and actions of qually, I hail the generosity of donors.. many hav& made tribulions over several years. Publ1¢ beneflt The Iruslees have paid due regard lo gui activities the charity should undertake. Flnanclal rgvlow Funds are held only lo allow Ihe charlly t specific reserves pollcy In place at piese ance issued by the Charity Commission In deciding what continue lo function montl to month. There Is no Approved by th& board of trustees on.. Signed.. Prfnt name,. Date.. IL 20 Pos511on'. Ce41 (L
Independent examiners report to the trustees of S2 Food Poverty Network {"the Charity") I report to the charity trustees on my examination of the accounts of S2 Food Poverty Network ("the Charity") for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of S2 Food Poverty Network you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act). I report in respect of my examination of the Charity's accounls carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the application Directions giv8n by the Charity Commission under section 145(5)(b} of the 2011 Act. Independent examiner's statement I have completed my examination. l Gonfirm that no material matters have come to my altention in Gonnection with the examination giving me cause to believe that in any material respect- 1. accounting records were not kept in respect of the Charity as required by section 130 of the Act- or 2. the accounts do not accord wilh those records. or 3. the accounts do not comply wilh the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement thal Ihe accounts give a 'true and fair view which is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matlers in connection with the examination to which attention should be drawn in this report in order to enable a proper urlderstanding of the aGcounts to be reached. Signed- Date: 17 a5 Prathibhani Herath ACMA,CGMA Voluntary Action Rotherham Ltd Community Accountancy The Spectrum, Coke Hill Rotherham S60 2HX
S2 Food Poverty Network statement of Financlal Activities for the year ended 31 December 2024 Income from charltablg actlvltles.. Unrestricted R&strlct8d Funds Funds 2024 Unrestricted Restricted Total Funds Funds 2023 Total Donations Grants Donated food Sales Interest Income 156,731 1,000 24,917 5,141 2,864 22,538 179.269 1.000 24,917 5,141 2.864 180,746 1,500 65.898 32,788 213,534 5.851 7,351 65.898 TOTAL INCOME 190,652 22.538 213,191 248.143 38,639 286,783 Expenditure on charitablè actlvities PCA pantry grant Food Gaslelectrlc top ups Stsff Salari8S st8ff Tr8lnlng Depreciation PayPal Charges Payroll lees Slation8rylPo8lage Publicity atTrd marketlng Telephone Equipment Independent Examlners fee In5uran¢e R8pair8 alld Malntenan st sthUns Volunteer expenses Shop Expen5e5 Food Nelwork.. Covid-19 Appeal Food Network.. Network Appeal Debt Relief Bookkeep8r f88S UnifonM5 Offiee Expenses CMA Exp8ns88 Rent Bad Debt Website Expense5 Sundry expenses TOTAL EXPENDITURE 9,000 121,048 12,200 70,077 1,088 1,478 194 9,000 121.048 12,200 70,077 1.088 1,478 194 172,546 13,460 44,535 3.375 175,921 13,460 48.782 4,247 1,070 199 58 200 1,070 199 3,680 150 1,783 8,098 950 81 7,003 3,690 150 1,783 8,098 950 81 7,003 706 1,288 10.948 200 1,435 11,507 850 822 12,293 130 838 7,620 1,435 11,507 850 822 12.293 130 838 7,620 1,288 10,948 22,538 22,538 52,489 90 52.489 90 6,120 707 3,254 2,316 10.125 6,120 393 905 20.756 13.500 2,000 216 6,120 393 905 20,756 13,500 2,000 216 6.120 707 3.254 2,316 10,125 301 301 293,679 22.538 316,217 288,071 62,517 350,588 Net Incomèlexpendlture 1103,026) (103,0261 {39,9281 {23,878) 163,8051 Transfers betwo¢n funds 27,949 127,949} Not movement In funds 75,0771 {27.9491 {103,0261 139,9281 123,8781 163.8051 Total funds brought forward 210,266 28,194 238.460 250,193 52.072 302,265 Total funds carrièd forward 135.189 245 135.434 210,266 28,194 238,460 This Stat8m8nt of Flnanclal Adivit188 include5 all galns and los?s re¢ogni88d in the year. All the aclivilles ol the ¢harilable cornpany are classed as continuing. Th8 compar8tive figures lor each fund ar8 shown In notes to tha accounts.
S2 Foo Poverty Network lance Sheet December 2024 a$at3 2024 Notes 2023 Fixèd Assets Tangible assels 5,518 5,934 Current Ass•ts Debtors Prep81d Expenses Cash al Bank and ill hand 1,000 4,407 138,349 143,756 2,000 8,491 238,741 249,232 Credltors - amounts due within one ear (13.841) (16.707) Ngt current assets 129,915 232.525 Net assets 135434 238,460 Represented by: General Funds Restricted Funds 135,189 245 10 210,266 28,194 Total funds 135,434 238,460 Approved by the board of Iruslees on.. Slgned on thelr behalf by.. Slgned.. Datg.. 1£ 2oLS Print name.. Trustee 10
S2 Food Poverty Network Note5 to the financial statements for the year ended 31 December 2024 1 Accounting pollcles Basis of preparation The financial statements have been prepared in accordance with AGGounting 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)- (Charities SORP {FRS102))- S2 Food Poverty Network meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially reGognised at historical cost or transaction value. unless othenmise stated in the relevant accounting policy note(s). Incoming resources All incoming resources are included in Ihe Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable aGcuracy. Donations and grants received for the general purposes of the Foodbank are included in unrestricted funds. No amount in included in the financial statements for volunteer time in line with the SORP {FRS102). Goods donated and held as stock for distribution by the foodbank are recognised as incoming resources within voluntary income or)ly when distributed, wilh an equivalent amount being included as resources expended. Grant income is deferred if the period the monies relate to is specified or indicated by the funder. Resources Expended All expenditure is included on an accruals basis and is recognised as a liabilily is incurred. The charity is not registered for VAT and aGGordingly resources expended are shown gross of irrecoverable VAT. Funds Restricted tunds are subject to specitic conditions by clonors as to how they may be used. The purposes and uses of the reslricted funds are set out in the notes lo the accounts. Transfers between unrestricted and restricted funds are made accordingly when restrictions are either added to or removed from the potential use of the respective funds.
S2 Food Poverty Network Notes to the financial statements for the year ended 31 December 2024 Fixed Assets Where an asset has been purchased, it will be capitalised and depreciated on a straight line method over its useful life. The following are standard useful lives for categories of fixed assets: Buildings: 50 years Equipment.. 3-5 years . Vehicles.. 5 years Furniture: 10 years Trade debtors Trade debtors are amounts due from customers for services performed in the ordinary Gourse of business. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an uncondilional right. at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional righl to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. 2 Donations Unrestricted Restricted Funds Funds Total 2024 Total 2023 Individual donations Other donations standing orders Gift Aid received S2 Food Club Covid-19 Appeal Network Appeal Cost of Living Appeal 56,338 1,797 68,379 18,143 10,572 56,338 1.797 68,379 18.143 10,572 14.930 1,503 7,608 7,608 22,538 179,269 81,398 6,324 76,022 12,537 4,466 24,956 3,131 4,702 213,534 14,930 1,503 156,731 Prior year income includes restricted donations for of £32,788. 12
S2 Food Poverty Network Notes to the financlal statements for the year ended 31 December 2024 3 Grants Unrestricted Restricted Funds Funds Total 2024 Total 2023 The Sheffield General Benevolent Society ZM & GW Convalescent Trust CMA 1,000 1,000 1,500 1,000 1,000 7,351 Income received from CMA grant in 2023 was attributable lo reslrscled funds. 4 Donated goods The Statement of Financial Activities includes the estimated value of food that has been donated and used by the S2 Food Poverty Network Foodbank. The estimated cost of food has been calculated by weight at an average retail cost of £1.68 per kilogram. The weighing of food only commenced at the beginning of October 2015. once charitable status had been aGhieved. 5 Trustees and key management remuneration, benefits and expenses other than reimbursed expenses, trustees received no remuneration, benefits or expenses in this period (2022.. £nil}. 6 Tangible Fixed Assets Flxture, fittings & equipment Cost at 1 January 2023 Additions Disposals at 31 December 2024 7,005 1,062 8.067 Depreciation at 1 January 2023 Charge during the period Disposals at 31 December 2024 1,070 1,478 2,549 Nel Book Value at 31 December 2024 5,518 Net Book Value at 31 December 2023 13
2024 2023 7 Debtors Debtors 1,000 1,000 2,000 2.000 2024 2023 8 Prepayments Prepayments 4,407 4,407 8,491 8,491 2024 2023 9 Creditors Accruals 6,024 6,024 16,707 16,707 The page below has been left blank intentionally 14
S2 Food Poverty Network Notes to the financial statements for the year ended 31 December 2024 10 Movemenl in funds 2024 Brought forward Incoming Rasources Resources Transfers Carried Expended fonvard The Network Appeal CMA 28,996 802 28,194 22,538 22.538 {28.751) 802 22,538 (27,949) 245 22,538 245 2023 Brought fOard Incoming Resources Resources Transfers Carried Expended fOard The Nelwork Appeal CMA The Talenl Fund 48,697 32, 789 5,851 52,489 6,653 3.375 62,517 28,996 (802) 3,375 52,072 38, 639 28, 194 The Network Appeal FLJnds relating lo a combination of the Covid 19 Appeal and Cost of Living appeal. Covld-19 Appèal S2 Food Pov8rty Ne011< has Operated as banker for Ihe Sheffield Foodbank Network Covid-19 Appeal. Distributing donations which ere annotated wilh"Covid-19 Appeal" In the payment reference to the 15 Foodbanks ir) Sheffield lincluding S2 Food Poverty N8tworkl. Cost of Llvlng Appeal Funds received from donations whlch arg then shared across the N8twork ol Food Bank8, parti¢ularfy CMA Grant recelved from South Yorkshire Community Foundation towards CMA debt monitoring. The Talent Fund Grant received under the aegis of 'Make Humanity Greal Again, . to be used towards the group's charitable aims and objectives. 15
S2 Food Poverty Network Notes to the flnancial statements for the year ended 31 December 2024 11 Net assets by fund Unrestricted Restricled Funds Funds 143,511 245 13,841 129,670 Total 2024 143,756 13,841 129,915 Current assets Current liabilities 245 Prior year Unrestricted Restricted Funds Funds 227,038 28, 194 16,707 294,331 Total 2023 249,232 16,707 232,525 Current assels Current liabilities 28,194 12 Related party transactions There were no related party transactions during the year. (2023.. £6,418.61). 16