| Page | |||||
|---|---|---|---|---|---|
| Reference | and administrative | details ofthe charity, | its Trustees and advisers | ||
| Chairman's | statement | 2-3 | |||
| Trustees' | report | 4- 13 | |||
| Independent auditors' |
report | on the fiinanciai statements | 14-17 | ||
| Statement | offinancial | activities | 18 | ||
| Balance sheet | 19 | ||||
| Statement | ofcash flows | 20 | |||
| Notes to the financial | statements | 21-32 |
| THE BOW | THE BOW | FOODBANK | FOODBANK | FOODBANK | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (A company limited |
by guarantee) | ||||||||||
| REFERENCE | AND ADMINISTRATIVE | DETAILS | OF THE CHARITY, ITSTRUSTEES | AND ADVISERS | |||||||
| FOR THE YEAR ENDED 31 | MARCH 2021 | ||||||||||
| Trustees | Muddassar Ahmed, Chair |
(appointed | 12January 2021) | ||||||||
| Elizabeth Marshall, Chair |
from | 25 | May 2020 to 12 January | 2021 (resigned | 24 | ||||||
| August 2021) | |||||||||||
| Edward Coppinger, Chair |
to | 25 | May | 2020 (resigned 25 May 2020) | |||||||
| Jagmohan Singh Bhakar |
|||||||||||
| Professor Jonathan May |
|||||||||||
| Leon Silver | |||||||||||
| Daniel Hopewell | |||||||||||
| Anne Worlledge | |||||||||||
| Fr Francisco Javier Ruiz-Ortiz | |||||||||||
| Lynn Stone | |||||||||||
| Revd Tim May | |||||||||||
| Sioban Wall | |||||||||||
| Sharon Budwal | (appointed | 24August 2021) | |||||||||
| Daniel Holt (appointed 9December 2020, resigned 26 June 2021) |
|||||||||||
| Susan Bamfoith | (appointed | 9 December 2020, resigned 3September 2021) | |||||||||
| Mohammed Hussen (resigned 21 May 2020) |
|||||||||||
| Chiara Martinelli |
(resigned | 13July 2020) | |||||||||
| Revd Erin Clark | (resigned | 9 | December 2020) | ||||||||
| Chrystabel Austin (resigned |
24 August 2021) | ||||||||||
| John Singleton | (resigned 24 | August | 2021) | ||||||||
| Patrick Harrison | (resigned | 24 August | 2021) | ||||||||
| Company | registered | ||||||||||
| number | 08852728 | ||||||||||
| Charity registered | number | 1162185 | |||||||||
| Registered | office | 177Bow Road | |||||||||
| Bow | |||||||||||
| London | |||||||||||
| E32SG | |||||||||||
| Company | secretary | Anne Worlledge | |||||||||
| Independent | auditors | RPG Crouch Chapman LI |
P | ||||||||
| Chartered Accountants |
|||||||||||
| 5th Floor, 14-16Dowgate | Hill | ||||||||||
| London | |||||||||||
| EC4R 2SU | |||||||||||
| Bankers | Barclays Bank Pic | ||||||||||
| 56/58 The Mall | |||||||||||
| London | |||||||||||
| E151XJ |
| various stages th | roughout this year. |
||
|---|---|---|---|
| INCOME FOR THE | YEARto31 March | 2021 | 2020 |
| I | 5 | ||
| Faith tegariisaacns | 10,203 | 11,870 | |
| Indwidtels, ihduding |
attire dcnations | 375,130 | 35,893 |
| Restnaed Grants | 215,275 | ||
| Goverrment funding |
- DEFRA | 43,400 | |
| Other dtnahonS | 1,358 | 2,720 | |
| Ccrpurates | 139,805 | 15,112 | |
| unresthcted grants |
'&5312 | 15,944 | |
| Gift Aid | 38,789 | 5,589 | |
| Dcnated equprnent | 1,800 | ||
| Cenated prenises | 25,000 | 10,003 | |
| Dcnated food |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | F | 6 | 6 | |||
| Income from: | ||||||
| Grants and Donations | 798,567 | 258,675 | 1,057,242 | 127,199 | ||
| Total income | 798,567 | 258,675 | 1,057,242 | 127,199 | ||
| Expenditure on: |
||||||
| Charitable activities |
6 | 439'337 | 207'155 | 646,492 | 114,753 | |
| Total expenditure | 439,337 | 207,155 | 646,492 | 114,753 | ||
| 359,230 | 51,520 | 410,750 | 12,446 | |||
| Net movement | in funds | |||||
| Reconciliation | offunds: | |||||
| Total funds brought forward |
59,479 | 59,479 | 47,033 | |||
| Net movement | in funds | 359,230 | 51,520 | 410,750 | 12,446 | |
| 418,709 | 51,520 | 470,229 | 59,479 | |||
| Total funds carried forward |
| FOR TH | E YEAR ENDED 31 MARCH 2021 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Cash flows from operating | activities | |||
| Net cash used in operating |
activities | 359,294 | 11,078 | |
| Cash flows from investing | activities | |||
| Net cash provided by investing activities |
||||
| Cash flows from financing | activities | |||
| Net cash provided by financing activities |
||||
| Change in cash and cash |
equivalents in |
the year | 359,294 | 11,078 |
| Cash and cash equivalents | at the beginning | ofthe year | 59,311 | 48,233 |
| Cash and cash equivalents | at the end of | the year | 418,605 | 59,311 |
| The notes on pages 21 to 32 form part ofthese financial statements |
| Unrestricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2021 | 2021 | 2021 | |||||
| 8 | |||||||
| Faith Organisations | 10,202 | 10,202 | |||||
| Individuals | (incl, online | donations) | 375,130 | 375,130 | |||
| Restricted | Grants | 215,275 | 215,275 | ||||
| Government | Funding | - DEFRA | 43,400 | 43,400 | |||
| Other Donations | 1,358 | 1,358 | |||||
| Corporates | 139,806 | 139,806 | |||||
| Unrestricted | Grants | 35,312 | 35,312 | ||||
| Gift Aid | 38,769 | 38,769 | |||||
| Donated | Equipment | 1,800 | 1,800 | ||||
| Donated | Premises | 25,000 | 25,000 | ||||
| Donated | Food | 171,190 | 171,190 | ||||
| 798,567 | 258,675 | 1,057,242 | |||||
| Unrestricted | Total | ||||||
| funds | funds | ||||||
| 2020 | 2020 | ||||||
| F | |||||||
| Faith Organisations | 11,870 | 11,870 | |||||
| Individuals | (including | online donations) | 35,893 | 35,893 | |||
| Restricted | Grants | ||||||
| Government | Funding | - DEFRA | |||||
| Other Donations | 2,720 | 2,720 | |||||
| Corporates | 15,112 | 15,112 | |||||
| Unrestricted | Grants | 15,944 | 15,944 | ||||
| Gift Aid | 5,589 | 5,589 | |||||
| Donated | Equipment | ||||||
| Donated | Premises | 10,000 | 10,000 | ||||
| Donated | Food | 30,071 | 30,071 | ||||
| 127,199 | 127,199 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021f | 2021 f. |
2021f | ||
| Audit/ Independent |
Examination | 6,600 | 6,600 | |
| Equipment | ||||
| Finance Fees | 5,919 | 5,919 | ||
| Food Donated | 171,190 | 171,190 | ||
| Food Purchases | 214,471 | 152,934 | 367,405 | |
| Grant to Mulberry | School Trust | |||
| Insurance | 497 | 497 | ||
| Legal and Welfare | Services | 4,056 | 4,056 | |
| Personnel | 9,557 | 33,644 | 43,201 | |
| PPE | 1,173 | 2,095 | 3,268 | |
| Premises Donated | 25,000 | 25,000 | ||
| Sundry Expenses | 1,212 | 500 | 1,712 | |
| Van Hire and Transport | 1,338 | 9,848 | 11,186 | |
| Volunteer and Donor Events |
||||
| Website and Database Costs | 2,380 | 4,078 | 6,458 | |
| 439,337 | 207,155 | 646,492 |
| FOR THE | YEAR ENDED 3 | 1 MARCH 2021 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | ||||||
| funds | funds | ||||||
| 2020f | 2020 | ||||||
| Audit/ Independent |
Examination | 1,750 | 1,750 | ||||
| Equipment | 1,841 | 1,841 | |||||
| Finance Fees | 455 | 455 | |||||
| Food Donated | 30,071 | 30,071 | |||||
| Food Purchases | 67,215 | 67,215 | |||||
| Grant to Mulberry School Trust | 2,000 | 2,000 | |||||
| Insurance | 381 | 381 | |||||
| Legal and Welfare | Services | ||||||
| Personnel | |||||||
| PPE | |||||||
| Premises Donated |
10,000 | 10,000 | |||||
| Sundry Expenses | 407 | 407 | |||||
| Van Hire and Transport | |||||||
| Volunteer and Donor Events |
499 | 499 | |||||
| Website and Database Costs | 134 | 134 | |||||
| 114,753 | 114,753 | ||||||
| Auditors' remuneration |
|||||||
| 2021 | 2020 | ||||||
| Fees payable to the charity's | auditor (2020: Independent | Examiner) for the | |||||
| audit (2020: independent | examination) | ofthe charity's | annual accounts | 6,600 | 1,750 |
| 2021 | 2020 | ||
|---|---|---|---|
| Food | Stock | 18,601 |
| 2021 | 2020 | |
|---|---|---|
| 5 | ||
| ~Dithi | ||
| Other debtors | 39,625 | 1,918 |
| 39,625 | 1,918 |
| 2021 | 2020 |
|---|---|
| 5 | |
| 6,600 | 1,750 |
| Statement offunds | ||||||
|---|---|---|---|---|---|---|
| Statement of funds |
- current year | |||||
| Balance at 1 | Balance at 31 | |||||
| April 2020 f |
Income f |
Expenditure f |
March 2021 f |
|||
| Unrestricted funds |
||||||
| General Funds |
59,479 | 798,567 | (439,337) | 418,709 | ||
| Restricted funds |
||||||
| Government Grant - DEFRA |
43,400 | (43,400) | ||||
| Clarion - Old Ford Community | Panel | 10,000 | (10,000) | |||
| London City Airport |
Community | Fund | 9,250 | (6,250) | 3,000 | |
| Action for Bow | 50,750 | (40,000) | 10,750 | |||
| London Community |
Response | 43,300 | (43,300) | |||
| East End Community | Fund /Coop | 10,000 | (10,000) | |||
| National Lottery |
40,000 | (40,000) | ||||
| Belvedere Trust | 15,000 | (7,102) | 7,898 | |||
| Shawbrook Bank |
2,275 | 2,275 | ||||
| Kusuma Trust |
10,000 | (7,103) | 2,897 | |||
| St Matthevjrs Church |
- Love Your Neighbour | |||||
| Scheme | 24,700 | 24,700 | ||||
| 258,675 | (207,155) | 51,520 | ||||
| Total offunds | 59,479 | 1,057,242 | (646,492) | 470,229 | ||
| Statement offunds - prior year | ||||||
| Balance at | ||||||
| Balance at | 31 March | |||||
| 1 April 2019 f |
Income f |
Expenditure f |
2020 | |||
| Unrestricted funds |
||||||
| General Funds |
47,033 | 127,199 | (114,753) | 59,479 |
| Analysis | of net | asse | ts be | tween funds - current |
year | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2021f | 2021 9 |
2021 6 |
|||||
| Current | assets | 425,309 | 51,520 | 476,829 | |||
| Creditors | due | within | one | year | (6,600) | (6,600) | |
| Total | 418,709 | 51,520 | 470,229 |
| Unrestricted | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2020 | 2020 | |||||
| 8 | 9 | |||||
| Current | assets | 61,229 | 61,229 | |||
| Creditors | due | within | one | year | (1,750) | (1,750) |
| Total | 59,479 | 59,479 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Net income for the | year (as per | Statement | of Financial Activities) | 410,750 | 12,446 | ||
| A~dt | t t | ||||||
| Decrease/(increase) | in stocks | (18,601) | |||||
| Increase | in debtors | (37,705) | (1,918) | ||||
| Increase | in creditors | 4,850 | 550 | ||||
| Net cash | rovided | b | o cretin | activities | 359,294 | 11,078 |
| 2021 | 2020f | |||
|---|---|---|---|---|
| Cash at bank and in | hand | 418,605 | 59,311 | |
| Tata cash and cash | e uivalents | 418,605 | 59,311 | |
| 15. | Analysis ofchanges | in net debt |
| At | 1 April | At 31 March | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 f |
Cash flows | 2021f | |||||||
| Cash | at | bank | and | in | hand | 59,311 | 359,292 | 418,603 | |
| 59,311 | 359,292 | 418,603 |