| Page | ||||||
|---|---|---|---|---|---|---|
| Reference | and administrative | details ofthe charity, | its Trustees and advisers | |||
| Chairman's | statement | |||||
| Trustees' | report | |||||
| Independent examiner's |
report | |||||
| Statement | offinancial | activities | 12 | |||
| Balance sheet | 13 | |||||
| Statement | ofcash flows | 14 | ||||
| Notes to the financial | statements | 15-29 |
| Trustees | Muddassar Ahmed |
Muddassar Ahmed |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| Dr Irum Ali (appointed | 3 | May | 2023) | ||||||
| Vincent Allilaire | |||||||||
| Jagmohan Singh |
Bhakar | ||||||||
| Professor Jonathan | May | (resigned 20 October 2022) | |||||||
| Fr Francisco Javier Ruiz-Ortiz | (resigned 20 October 2022) | ||||||||
| Lynn Stone | |||||||||
| Revd Tim May | |||||||||
| Steve Gilvin, Chair | |||||||||
| Kristin Konschnik | |||||||||
| Latika Shah | |||||||||
| Emma Singh | |||||||||
| Company | registered | ||||||||
| number | 08852728 | ||||||||
| Charity registered | number | 1162185 | |||||||
| Registered | office | 177Bow Road | |||||||
| Bow | |||||||||
| London | |||||||||
| E32SG | |||||||||
| Company | secretary | Kristin Konschnik | |||||||
| Accountants | RPG Crouch Chapman | LLP | |||||||
| Chartered Accountants |
|||||||||
| 40 Gracechurch | Street | ||||||||
| London | |||||||||
| EC3V OBT | |||||||||
| Bankers | Barclays Bank Pic | ||||||||
| 56/58 The Mall | |||||||||
| London | |||||||||
| E151XJ | |||||||||
| CAF Bank | |||||||||
| 25 Kings Hill Avenue |
|||||||||
| Kings Hill |
|||||||||
| West Mailing | |||||||||
| ME194TA | |||||||||
| Independent | Examiner | Jeremy Tyrrell FCA | |||||||
| 40 Gracechurch | Street | ||||||||
| London | |||||||||
| EC3V OBT |
| Ethnicity | ¹ Guests | ||||
|---|---|---|---|---|---|
| ,Bangladeshi or British |
Bangladeshi | 1,540 | |||
| White English/Welsh/Scottish/Northern | Irish/British | 761 | |||
| White Other White background | 411 | ||||
| :Bangladeshi | 367 | ||||
| Any other ethnic group | 357 | ||||
| Indian or British Indian | 332 | ||||
| .:BlackAfrican | 327 | ||||
| Prefer not to say | 146 | ||||
| Other Mixed/Multiple | ethnic background | 124 | |||
| Black British | 119. | ||||
| Arab | 93 | ||||
| Other Asian background | 88 | ||||
| Black Caribbean | 69 | ||||
| ,Other Black/African/Caribbean | background | 59 | |||
| :Hispanic | 53 | ||||
| ,Pakistani or British Pakistani | 51, | ||||
| White and Black Caribbean | 38; | ||||
| . ,White Irish |
36 | ||||
| ,White and BlackAfrican | 26 | ||||
| , | |||||
| ;Indian | 22 | ||||
| White and Asian | 21 | ||||
| Chinese or British Chinese | 15 | ||||
| 'Pakistani | 8 | ||||
| White European/Other | 2 | ||||
| White Gypsy or Irish Traveller | 1 | ||||
| Grand Total | 5,066 |
| Main Reason forVisit | ¹ Guests |
|---|---|
| Low income and can't afford food | 2,806: |
| 'Loss ofbenefits /sanctioned | 862' |
| No income / not eligible for public assistance (e.g. asylum seeker) | 402 |
| ,income no longer covers bills and costs | 361 |
| ,Other | 209 |
| 'Change | 170' |
| 'Delay in Wages | 151, |
| .Delay in benefits payment | 94 |
| ,Low income- Benefits | 3 |
| Low income - Pension | |
| Low income - Working | 2' |
| .Debt | 2 |
| No Recourse to Public Funds e.g.asylum seeker | |
| Grand Total | 5,066 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2023 | 2023 | 2023 | 2022 | |||
| Note | f. | F | ||||
| Income from: | ||||||
| Grants and Donations | 532,689 | 275,084 | 807,773 | 522,808 | ||
| Investments | 1,440 | 1,440 | 12 | |||
| Total income | 534,129 | 275,084 | 809,213 | 522,820 | ||
| Expenditure on: |
||||||
| Raising funds | 540 | 540 | 1,064 | |||
| Charitable activities |
449,842 | 219,258 | 669,100 | 577,825 | ||
| Total expenditure | 450,382 | 219,258 | 669,640 | 578,889 | ||
| Net movement | in funds | 83,747 | 55,826 | 139,573 | (56,069) | |
| Reconciliation | offunds: | |||||
| Total funds brought forward |
352,740 | 61,420 | 414,160 | 470,229 | ||
| Net movement | in funds | 83,747 | 55,826 | 139,573 | (56,069) | |
| Total funds carried forward | 436,487 | 117,246 | 553,733 | 414,160 |
| BALANCE SHEET | BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|---|
| AS AT 31 MARCH 2023 | |||||||
| 2023 | 2022 | ||||||
| Note | |||||||
| Current assets | |||||||
| Stocks | 10 | 49,739 | 36,072 | ||||
| Debtors | 11 | 9,173 | 15,238 | ||||
| Cash at bank | and | in hand | 505,114 | 368,201 | |||
| 564,026 | 419,511 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 12 | (10,293) | (5,351) | ||||
| Total net assets | 553,733 | 414,160 | |||||
| Charity funds | |||||||
| Restricted funds | 13 | 117,246 | 61,420 | ||||
| Unrestricted | funds | 13 | 436,487 | 352,740 | |||
| Total funds | 553,733 | 414,160 |
| FOR TH | E YEAR END | ED 31 MARCH 2023 | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Cash flows from operating | activities | ||||
| Net cash used in operating |
activities | 135,473 | (50,416) | ||
| Cash flows from investing | activities | ||||
| Dividends, interests and rents from investments |
1,440 | 12 | |||
| Net cash provided by investing activities |
1,440 | 12 | |||
| Cash flows from financing | activities | ||||
| Net cash provided by financing activities |
|||||
| Change in cash and cash |
equivalents in |
the year | 136,913 | (50,404) | |
| Cash and cash equivalents | at the beginning | ofthe year | 368,201 | 418,605 | |
| Cash and cash equivalents | at the end of | the year | 505,114 | 368,201 | |
| The notes on pages 15to 29form part ofthese financial | statements |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023f | 2023 | 2023 | |
| Donations | 489,078 | 489,078 | |
| Grants | 43,611 | 275,084 | 318,695 |
| 532,689 | 275,084 | 807,773 | |
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2022f | 2022f | 2022f | |
| Donations | 347,072 | 347,072 | |
| Legacies | 4,000 | 4,000 | |
| Grants | 6,989 | 164,747 | 171,736 |
| 358,061 | 164,747 | 522,808 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2023 | 2023 | |
| E | ||
| Interest | 1,440 | 1,440 |
| Unrestricted | Total | |
| funds | funds | |
| 2022 | 2022 | |
| Interest | 12 | 12 |
| 6. | Expenditure | on raising funds | ||
|---|---|---|---|---|
| Fundraisin | ex enses | |||
| Unrestricted | Total | |||
| funds | funds | |||
| 2023 | 2023 | |||
| E | F | |||
| Fundraising | expenditure | 540 | 540 | |
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| Fundraising | expenditure | 1,064 | 1,064 |
| Activities | ||
|---|---|---|
| undertaken | Total | |
| directly | funds | |
| 2023 | 2023f | |
| Foodbank | 638,801 | 638,801 |
| Advice | 30,299 | 30,299 |
| 669,100 | 669,100 |
| Activities | |
|---|---|
| undertaken | Total |
| directly | funds |
| 2022 | 2022 |
| E | F |
| 547,942 | 547,942 |
| 29,883 | 29,883 |
| 577,825 | 577,825 |
| Total | |||||
|---|---|---|---|---|---|
| Foodbank | Advice | funds | |||
| 2023 | 2023 | 2023 | |||
| F | F | ||||
| Staff costs | 97,615 | 97,615 | |||
| Food Purchases | 305,041 | 305,041 | |||
| Donated Food |
177,561 | 177,561 | |||
| Premises | 4,200 | 4,200 | |||
| Legal &Benefits Advice | 30,299 | 30,299 | |||
| Freelancers | 8,610 | 8,610 | |||
| Recruitment | 1,699 | 1,699 | |||
| Accountancy, | Finance &HR Fees | 3,144 | 3,144 | ||
| Printing &Office |
2,804 | 2,804 | |||
| Website & IT | 2,334 | 2,334 | |||
| Bank & Finance Charges | 7 | 7 | |||
| Transport &Warehousing |
Costs | 26,004 | 26,004 | ||
| Subscriptions | 90 | 90 | |||
| Small Equipment | 1,816 | 1,816 | |||
| Sundries | 3,773 | 3,773 | |||
| Cleaning | |||||
| Insurance | 1,241 | 1,241 | |||
| Volunteer &Donor Events |
1,913 | 1,913 | |||
| PPE | |||||
| Comms & Marketing |
176 | 176 | |||
| Governance | costs | 773 | 773 | ||
| 638,801 | 30,299 | 669,100 |
| Total | ||||
|---|---|---|---|---|
| Foodbank | Advice | funds | ||
| 2022 f. |
2022f | 2022 | ||
| Staff costs | 53,463 | 53,463 | ||
| Food Purchases | 319,000 | 319,000 | ||
| Donated Food |
76,500 | 76,500 | ||
| Premises | 1,750 | 1,750 | ||
| Legal 8 Benefits Advice | 29,883 | 29,883 | ||
| Freelancers | 38,252 | 38,252 | ||
| Recruitment | 9,300 | 9,300 | ||
| Accountancy, Finance 8 HR Fees |
2,250 | 2,250 | ||
| Printing &Office |
2,084' | 2,084 | ||
| Website 8 IT | 5,667 | 5,667 | ||
| Bank 8 Finance Charges | 5,098 | 5,098 | ||
| Transport &Warehousing |
Costs | 27,541 | 27,541 | |
| Subscriptions | 157 | 157 | ||
| Small Equipment | 2,810 | 2,810 | ||
| Sundries | 1,117 | 1,117 | ||
| Cleaning | 998 | 998 | ||
| Insurance | 1,802 | 1,802 | ||
| Volunteer 8 Donor Events | ||||
| PPE | 153 | 153 | ||
| Comms & Marketing |
||||
| Governance costs |
||||
| 547,942 | 29,883 | 577,825 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Wages and | salaries | 90,090 | 46,905 | ||
| Social security costs | 4,772 | 5,151 | |||
| Contribution | to defined | contribution | pension schemes | 2,753 | 1,407 |
| 97,615 | 53,463 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| No. | No. | ||||
| Directors | 10 | 12 | |||
| Admin | and | frontline | staff | 3 | 2 |
| 14 |
| 10. | Stocks | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| F | ||||
| Food Stock | 49,739 | 36,072 | ||
| 11. | Debtors | |||
| 2023 | 2022 | |||
| Due within one | ear | |||
| Other debtors | 9,173 | 15,238 | ||
| 9,173 | 15,238 |
| 2023 | 2022 | ||
|---|---|---|---|
| Trade creditors | 5,685 | 2,584 | |
| Other taxation | and social security | 2,628 | 434 |
| Other creditors | 353 | ||
| Accruals | 1,980 | 1,980 | |
| 10,293 | 5,351 |
| Balance at 1 | Balance at 31 | |||||
|---|---|---|---|---|---|---|
| April 2022 f |
Income f |
Expenditure f |
March 2023 | |||
| Unrestricted funds |
||||||
| General Funds |
352,740 | 534,129 | (450,382) | 436,487 | ||
| Restricted funds | ||||||
| Garfield Weston | 10,000 | 40,000 | (10,000) | 40,000 | ||
| Clarion —Old Ford Community |
Panel | 5,000 | (5,000) | |||
| London City Airport | Community | Fund | 5,000 | (5,000) | ||
| Action for Bow | 9,676 | 30,000 | (39,676) | |||
| London Community | Response | 8,247 | 8,247 | |||
| London Catalyst | 2,000 | (2,000) | ||||
| National Lottery |
2,397 | 99,100 | (78,582) | 22,915 | ||
| Belvedere Trust | 15,000 | 15,000 | ||||
| Fishmongers | 36,984 | (36,400) | 584 | |||
| Rausing | 50,000 | (34,500) | 15,500 | |||
| Headley | 10,000 | 10,000 | ||||
| Celtic FC | 3,000 | 4,000 | (7,000) | |||
| Rotary Club | 1,100 | (1,100) | ||||
| Aviva | ||||||
| The Peter Stebbings | Memorial | Charity | 5,000 | 5,000 | ||
| 61,420 | 275,084 | (219,258) | 117,246 | |||
| Total offunds | 414,160 | 809,213 | (669,640) | 553,733 |
| Statement offunds | - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | Transfers | 31 March | ||||
| 1 April 2021 | Income | Expenditure | in/out | 2022 | ||
| E | F | |||||
| Unrestricted funds |
||||||
| General Funds |
418,709 | 358,073 | (423,901) | (141) | 352,740 | |
| Restricted funds | ||||||
| Garfield Weston | 40,000 | (30,000) | 10,000 | |||
| Clarion - Old Ford Community | ||||||
| Panel | 5,000 | 5,000 | ||||
| Action for Bow | 10,750 | 30,000 | (31,074) | 9,676 | ||
| London Community |
Response | 3,000 | 8,247 | (3,000) | 8,247 | |
| London Catalyst | 2,000 | 2,000 | ||||
| National Lottery |
50,400 | (48,003) | 2,397 | |||
| Belvedere Trust | 7,898 | 15,000 | (7,898) | 15,000 | ||
| Fishmongers | 2,275 | (2,275) | ||||
| Rausing | 2,897 | (2,897) | ||||
| Headley | 24,700 | (24,700) | ||||
| Celtic FC | 3,000 | 3,000 | ||||
| Rotary Club | 1,100 | 1,100 | ||||
| Aviva | 5,000 | (5,141) | 141 | |||
| The Peter Stebbings | Memorial | |||||
| Charity | 5,000 | 5,000 | ||||
| 51,520 | 164,747 | (154,988) | 141 | 61,420 | ||
| Total offunds | 470,229 | 522,820 | (578,889) | 414,160 |
| Analysis | of net | asset | s be | tween funds - current |
year | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2023 | 2023 | 2023 | |||||
| F | F | ||||||
| Current | assets | 446,780 | 117,246 | 564,026 | |||
| Creditors | due | within | one | year | (10,293) | (10,293) | |
| Total | 436,487 | 117,246 | 553,733 |
| Analysis | of net | asset | s be | tween funds - prior ye |
ar | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | |||||
| F | E | ||||||
| Current | assets | 358,091 | 61,420 | 419,511 | |||
| Creditors | due | within | one | year | (5,351) | (5,351) | |
| Total | 352,740 | 61,420 | 414,160 |
| 2023 | 2022 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income/expenditure |
for | the | year | (as | per | Statement | of | Financial | ||||||
| Activities) | 139,573 | (56,069) | ||||||||||||
| Ad'ustments | for: | |||||||||||||
| Dividends, | interests | and rents | from | investments | (1,440) | (12) | ||||||||
| Increase | in | stocks | (13,667) | (17,471) | ||||||||||
| Decrease | in debtors | 6,065 | 24,385 | |||||||||||
| Increase/(decrease) | in | creditors | 4,942 | (1,249) | ||||||||||
| Net cash | rovided | b | / | used in | o cretin | activities | 135,473 | (50,416) |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Cash at | bank and in | hand | 505,114 | 368,201 | |
| Total cash and cash | e uivalents | 505,114 | 368,201 | ||
| 17. | Analysis | ofchanges | in net debt |
| At 1 April | At 31 March | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | Cash flows | 2023 | ||||||
| f | F | |||||||
| E | ||||||||
| Cash | at | bank | and | in | hand | 368,201 | 136,913 | 505,114 |
| 368,201 | 136,913 | 505,114 |