Leeds North & West Q Foodbank Together with Trussell Annual Report and Financial Statements 2023-2024 The Trustees at Leeds North & West Foodbank would like to extend their thanks to all those who have been involved in making the achievements summarised in this report possible. The report covers the period 1st July 2023 - 30th June 2024
Report ofthe Trustees year ended 30th June 2024 Contents Trustee Information page 2 Objectives & Activities page 3 Overview & Key Statistics page 4-5 Achievements & Performance pages 6-8 Thank - you pages 9-11 structure Governance & Management page 12 Independent examiner's report to the trustees page 13 statement of financial activities page 14 Statement of financial position page15 Statement of cash flows page 16 Notes to the financial statements pages 17-25
Report of the Trustees year ended 30th June 2024 The trustees present their report and the financial statements of the Charitable Incorporated Organisation for the year ended 30th June 2024. The trustees have adopted the provisions of accounting and reporting by Charities.. Statement of Recommended Practice (SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Slandards applicable in the UK and Republic of Ireland IFRS1021 (effective 1 $1 January 20191 (Charities SORP IFRS 102)) and the Charities Act 2011. The trustees who served during the period and up to the date of this report are identified below. Rg.gi£tp.rp.d r.harity nAmp.' I p.edq North and West Foodbank Charily registration number.. 1162983 Registered office.. Unil 3.3 Flexspace Burley Hill Leeds LS4 2PU Trustees- Julie Brownrigg (Chairperson} Brenda Leach Paul Maslin Tom Murphy Beard Ellen Fogden (appointed August 20241 Michael Gough (appointed January 2025} Independent Examiner.. DP Bohorun FCCA FCMI Bohorun & Co Ltd Tla Bohoruns 6 Howley Park Business village Pullan Way Leed8 L27 OBZ Bankers.. Unity TrLlgt Bank 9 Brindley Place Birmingham B12HB Virgin Money 10 Auslhorpe Road Crossgates Leeds LS15 8DL
Report of the Trustees year ended 30th June 2024 Objectlves and Activities: The charity's objectives and principal activities are the prevention or relief of poverty in the northem and western districts of Leeds and its surrounding areas, in such ways as the trustees from time to time Ihink fit, in particular, but not exclusively by.. providing amergency food, e88enlial toiletries and hou88hold item8 to individualg and families in need andlor for distribution by charities or olher organisations working to prevent or relieve poverty, and such other means, including {bul not limited) to the provision of support and signposting to relevant information or other advisory services Leeds North & Wesl Foodbank worked towards the achievemenl of its charitable objectives by focusing on the following activities during the report period. Emergency food provision {reliefl- Leeds North & West Foodbank has worked to provide relief lo individuals or families in crisis through the provision of emergency food supplies. We also shared food with other Food Banks and similar charities so that we can balance stocks and make use of excess donated supplies. Signposting (relief andlor preventionl- the Foodbank has worked lo provide practical, mental and spiritual support either directly or through referral to approved partner agencies, to enable individuals and families to avoid future crises. Raising awareness {prevention)- we have worked to raise awareness ofthe causes of food poverty and to encourage both policy makers and local people to take action. Reports have also been supplied to the Food Aid Nelwork supplying facts and information on the level of need in the city and the impact of food poverty on individuals and families. Elimination of the need for food banks (prevention) - the trustees have long recognised that work needed lo be done to achieve the desire to end the need for food banks. During this reporting year, it has continued to develop significant initiatives under the auspices of the Pathfinder programme initiated by Trussell. At Leeds North and West Foodbank, we believe in Fairness, Compassion, and Dignity. Wo believe everyone should be able to afford the 688entials in lifa, including food, and wa want to see a future where no one needs to use a food bank. Throughout the period of this report, we continued to work alongside Trussell in 3 ways to achieve this.. Changing Communities- working to redu the need for our setvices, helping people lo access targeted support that means they are less likely to access food banks. Changing Policy - working alongside Trussell and partners to provide stronger evidence of the drivers of food bank use and pushing for positive solutions that will ensure people have enough money for the essentials making it less likely they will need a food bank again. Changing Minds- increasing levels of underslanding and empathy amongst people in our local communities, lo build a movement that is willing to take action to create a just and compassionate society without the need for food banks.
Report ofthe Trustees year ended 30th June 2024 Overview and Key Statistics: In the reporting year Leeds North and West Foodbank supported 17,494 clients of which 11,208 were adults and 6,286 children. The Wesl wards ofthe city saw the most referrals with 10,314 people being supported. Analysis of vouchers issued showed that in the reporting year people who have needed to turn to a food bank have most commonly been referred because Iheir income is insufficient- leaving them unable to afford the cost of essentials with over 79 % of people who have been referred living on benefits alone, with no other income. 330/0 of our food parcels were delivered directly to client's homes by our volunteer drivers. During this period, we opened 3 new centres to enable clienls to visit a food bank and therefore gel further support from our on-site services. We opened Armley in November 2023, Bramley in February 2024 and the Farnley & Wortley ntre in April 2024, bringing the number of distribution cenlres to 7. Some 219 people have volunteered at the Foodbank during the year with new volunteers joining on a regular basis. Volunteer turnover is low., volunteers clearly enjoy the work they do and have a good camaraderie between them. The trustees express their heartfelt thanks to the volunteers, without whom the PoodbanK could not operate Charity donations continue to be generous albeit dropping compared to previous years., 25.530/0 of the stock was purchased., this was required to allow the Foodbank to meet the increased need for emergency food supplies. The previous reporting year we only needed lo purchase 1 Ok of our stock. In total the Foodbank distributed 130,312.37kg of food {120,141.67kg in FY 22123) lo local people in crisis during the reporting period. Food received was 123,755.83kg1118,398.36kg In FY 22123}. Groups donating food Percentage of stock other Truss611 Food banks Other charities 0.55V Church donations 4.360 Community groups Corporate teams 4.5% Schools, Colleges & Universities 3.20 Individuals either directly or at supermarket collections 45.70 Thls thgur• l& 61% 108S than th¢ pr•vlou8 yoar.
Report of the Trustees year ended 30th June 2024 The figures below show some of the statistics in graphical form. Reasons for multiple visits: Other Awaittng 1st Benenr paymenr 3.2°Ai Benef6t Sancmon or Delay 12.0% Debt J3.8% Low Income 30.0% Fleeing Domesdc Abuse 2,9, Addlcdon Issues 7.3° Immlgrat(on INoAccess to Su... Homelessness 1.3UJ. Health Conditlon (Long Term) 10.1% Unemployment (Long Term) 4.2% Source of Income: No Income 6.91, Income but no or Insufficlent... l.G'Y Earnlng 3.7% EarnIngth add5Uonèl beneftts 6.31, Benefit5 81.5-. Food Parcels by Age Group 12-16 11.2'A 17-24 9.7, 25.34 13.3% 5-11 16.3% 8.5. 75+ 35-44 18.5% 65-74 55.64 6.7, 45-54 14.0%,
Report of the Trustees year ended 30th June 2024 Achievements & Performance: The year under review was one where operations were once again mainly on a one-to-one interpersonal basis, the sharing of conversation, cups of tea and meals in warm meeting places alongside the giving out offood parcels and much-needed advice, support and signposting. Efforts were made so Ihal people in need could be treated with dignity and our volunteers could feel that they were directly making a real difference. Invaluable input to this came from participatory groups based on the lived experience of those involved. We have continued to seek the thoughts of people using our service. We did this by supporting the Trussell research 'Hunger in the UK 2024, project by facilitating the distribution of questionnaires for this important research. We also worked within our communities, when engaging people in focus groups, where we disGussed ways we can improve our service and work towards ending the need for the Foodbank. and by collecting permission from people using the service to gain their thoughts and feedback. Feedback was collected through the use of focus groups and by telephoning clients after their visit. Universally, people have reported that the atmosphere in the foodbank session was welcoming, warm and friendly. People appreciated the hot drink and biscuits and some said il was"Good to have a chat." Pressure was tsken off just by a listening ear" There were some comments about the food parcels and in response to Ihese we have amended the picking lisl. In addition, team leaders at each Distribution Centre can buy bread and fresh items for each session. One client's comments encapsulated the Ihoughts of a number of respondents. "It was a life saver. No onejudged me. l am so grateful." We have continued to work with Trussell, most notably during this reporting period when we campaigned on the 'Guaranteo our Essentials, (GOEI day of action on Briggate in September 2023 where we encouraged people to sign the petition to GOE. ARCAOE Ipi ii'stlmeto G ••1 150,66 1 And in February 2024 we allended the handing in of the petition in Westminster.
Report of the Trustees year ended 30th June 2024 In June 2024 we recruited our Campaign Coordinator who is responsible for delivering Trussell's influencing and mobilising work in Leeds by building strong relationships with other food banks in the Combined Local Authority. The Campaign Coordinator supports the implementation of Trussell's national strategy, by using organising techniques to put pressure on the MPS in each Combined Local Authority. Our Campaign Coordinator is building and empowering local community teams who support 'Ending the need for food banks,, securing commitments from our MPS to 'prioritise the problem of people going without essentials, acknowledging the role soclal security needs to play In tackling it., The Campaign Coordinator is Ihe link between our food bank and the Mobilisalion Team at Trussell, as we build a movement to end the need for food banks. Partnership work has continued to be an important part of our Pathfinder Programme with our Client Services Manager keeping our referral partners updated with our vision to see the end for the need for food banks in Leeds and working with our partners towards this reality. This year we have sent out two referral partner surveys and held a Referral Agency workshop to share our vision and look at ways we can work together to reduce the impact of poverty in our area. The referral partner SUeyS were well received with 112 referral agency workers submitting a response, representing over 30 different referral partners. All respondents lo the survey agreed that poverty is a 'fairly big, or 'very big, problem in the UK, showing an opportunity for further partnership, working with these agencies lo address the root causes of poverty and working togetherto end the need forfood banks. 44.5 10 of respondents knew that this is our vision. This figure shows that engagement with referral partners, through surveys and other means, is influencing their view of what we are working towards, but there is still work to be done spreading our vision amongst our partners. One respondent said "Your food banks are a brilliant Ilfeline for our entlre communlty and we all appreciate it so much" Following on from the results of the survey, our Client Services Manager held a Referral Agency Workshop in order to bring people from different organisations together. Not only to share Leeds North & West Foodbank's vision and what we are doing behind the scenes of the foodbank, bul also to provide an opportunity for different agencies ID connect with each other and share their own stories of hardship and hope that they have seen in their work. This workshop had 14 attendees from 7 different organisalions. Everybody who attended had positive feedback and really valued the lime lo reflect together. One attendee said it was so important and reassuring "to know my organisatlon Is not In thls fight alone" citliens •dvl<e Leeds Money In Mlnd We have continued to develop our work with Leeds Mind and Citizens Advice, the original pilot project ' Help through Hardship Local" ran until May 2024 and was then relaunched with a wider remit for the project now known as "Money In Mind ' The projects have seen clients struggling with Ihe dual issues of mental ill health and money worries assisted by a Support Worker lo help them access and navigate the money and debt advice services provided alongside mental health support. This has seen people who have previously been unable to engage effectively with money advice services feel more supported in doing this and therefore created more sucSsful outcomes for them.
Report of the Trustees year ended 30th June 2024 These projects have shown the importance of 1..1 intensive support and how supporting somebody on a personal level through their foodbank journey can have a long term positive impact and help them not need to come back to the foodbank. One person being supported during the original pilot phase of this project said.. '1 feel Ilko I have a blt of hope, Ilke I've been Ilfted up. I've been dealing with thls all on my own." Throughout this period, we also continued to work across Leeds and Wetherby as Ihe lead of a consortium offood banks engaging Money Buddies to offer our clients Money Advice and Debt Advice services. The service commenced in September 2022, in October 2023 we received Ihe first year's report with figures and outcomes for our clients. 610 of our clients in Leeds North and West were supported by the service and beneflted from £261,668 of financial gains and had £346,719 of debt managed along wilh £61,307 of debt written off. During this financial period further funding became available from the Grants Team at Trussell. We successfully applied, again as a consortium, and we were awarded sufficient funding to extend this valuable service from 12 centres across Leeds and Wetherby to 17 centres from February 2024, this has increased access for more of our clients particularly in our new West Leeds centres. Further quotes from clients who have accessed Money Advice and Debt Services al our Foodbank illustrate the positive impact lo our clients of providing these services. ' th18 Is a rèally blg wolght of my mlnd. I can now sleep at nlght. you don't understand how much of a relief this is" Another client told us his level of distress prior to meeting Money Buddies was high He said he "could not see a way out of his situation and felt hopeless. "He did not enjoy rellance on food banks to survlve and felt trapped by hls clrcumstanc8s." Following his meeting, he expressed that he "felt Ilke a huge welght had been Ilfted" from his shoulders. He felt that he had "really been Ilstened to for the first time in years" and that "we understood what he was going through."
Report of the Trustees year ended 30th June 2024 THREE CHEERS FOR OUR VOLUNTEEFIS! Thank you from Leeds North and West bank We continue to be supported lo run the Foodbank by a large number of dedicated volunteers performing roles from administration and warehouse volunteers to various roles in the foodbank centres and of course our Board of trustees who volunteer their time to the charity. We would like lo give a 'big shout, for our fantastic 'Ops Team,: CEO, Operations Manager, Client Services Manager, Finance Manager, Volunteer Support Manager, Campaign Coordinator, Warehouse & Logistics Manager and our Administrator who lead the daily operations in the food bank and ensure the servi$ we provide for our clients are appropriate. 2023 marked 10 years ofthe foodbank being operational and in order to Thank our Supporters and Volunteers and staff we held events in September 2023 to recognise their amazing support throughout the decade. 51ukn .4DhanYavadall f , Th;Ini(,,' ju,%paxar
Report of the Trustees year ended 30th June 2024 Leeds North & Wesl Foodbank would like to extend a huge thanks to all our individual donors who contributed £138,789 during this reporting year. Without their generosity we would not be able to continue providing emergency food for people in our local communities who are in a food crisis. In addition lo financial donations, 79,024.35kg of foody providing 188,153 meals were donated either directly to our distribution centres, the warehouse or in supermarket collections. Leeds United Supporters, Trust (LUST} has worked with Leeds North & West Foodbank and Leeds South & East Foodbank to collect food items al every home game. They are always found near Bremner Square two hours before home games. Match day collections this reporting year amounted to £6,173, we thank LUST for Iheir continuing support. Leeds Fans fnnf bank Passion for football, compassion for the community In conlunctlon wlth.. We have benefited from the support of 23 companies and organisalions during this year, through their corporate volunteering days at our warehouse and the manning of supermarket food drives. Scvcral companics havc al0 hclpcd in our fundrai43ing by making us thcir charity of thc ycar and collecting for us in various ways from 5-a-side football competitions to 'Dress Down Fridays,. We thank each of them for the valuable support and contributions they have made Ihroughout the year .qp.vp.ral rnrpnratp r.nmpanig.S sijpported thi% yp.Ar with finAnp.i21 dnnAlinnq,' thp lisf inr.Iiidp.q Avery Walters Solicitors,. Barker Brooks Communications,. Bundobust Leeds,. IMA Home., Ison Harrison Solicitors., J Murphy and Sons., Softcat PLC and Womble Bond Dickinson LLP amongst others. Their contributions have made it possible for us lo provide emergency food parcels to our local communities and to continue the vital work of ending the need for food banks. We are extremely grateful for their support. IMA-HOME 'SOFLCaL 10
Report of the Trustees year ended 30th June 2024 We would particularly like to extend our thanks to Hydrock for undertaking our stock take again for the third consecutive year. Hydrock Leed% North & West 96 Possibly the most dramatic way was by our Treasurer Tom, who took on the Tajikistan Challenge: 7 marathons in 7 days across'the roof of the world,, running from 2000m to 4000m altitude in 35°C heall With extra donations from Card Factory Foundation to support his efforts he raised an amazing £5,165 CARD FACIOR Y IOUNDATION
Report of the Trustees year ended 30th June 2024 structure, governance and management- The charity became a CIO on 27th July 2015 and registered on 4th August 2015. The charily is governed by ils constitution filed with the Charity's Commission for England & Wales. The trustees who Seed during the year and up to the date of signature of the financial statements are given on page 2 of this report. Trustees are appointed in accordance with the governing document of the charity. None of the trustees has any beneficial interest in the charity. All Iruslees have defined areas of responsibility commensurate with their skills and experience and undertake training in relevant subjects. An appropriate Financial Control Policy is in place and is reviewed regularly by the trustees, as are policies on Safeguarding., Health and Safely,. Handling Complaints,. Grievance,. Capability., Disciplinary and Dismissal,. Whistleblowing. Harassment and Bullying- Risk., Data Protection,. Dala Privacy and GDPR,. and Social Media. A Code of Conduct for trustees has also been implemented. Risk Management: The trustees have conducted a review of the major risks to which the charity is exposed. Vvhere appropriate, systems or procedures have been established to miligate the risks the charity faces. Risk assessments are updated at least annually. Internal conlrols risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to cenlres and the warehouse. These procedures are reviewed annually to ensure thal they continue lo meet the needs of the charily. Flnancial Review- Leeds North and Wesl Foodbank has continued to see its financial needs met this reporting year and it is important to acknowledge our immense gratitude to all our donors, both individual and corporate bodies. Funds have decreased, wilh Ihe majority of income coming from generous donations by our supporters and sucSsful grant bids. During 2023-2024 our governance costs, including professional fees to ICO, our HR partners (Howarths) and the independent examination of our accounts amounted to £3,516. Trustees did not receive any remuneration, payments or benefits from the charity, other than legitimate trustee expenses. Principal Funding Sources: The principal funding sources for the charity are currently by way of donations from individuals and organisalions such as churches and local businesses. In addition, we have secured grant funding from Trussell lo fund the fi'nancial inclusion projecl. Investment Policy.. Given the current level of reserves, the trustees feel that it is not necessary to make long or short-term investments given the need to ulilise the cash it currently holds. Should donations or other income sources such as legacies reach larger levels this will be further considered by the trustees. Reserves Policy.. The trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby Ihe unrestricted funds not committed or inVC71cd in tangiblc fixcd a- -t 6 month" of the unreotricted held by the ohtsrity bhould be at lea- expenditure not including food donations. The reserves are needed to meet the working capital requirements of the charity, and the trustees are confident that at this level they would be able to continue Ihe current activities of the charity over at least the next 12 months. Mar19, 2025 The trustees, annual reportwas approved on.................................................. and signed on behalf of the board of trustees by.. (die Elo01 Julie Brownrigg Chairperson 12
Leeds North and West Foodbank Independent Examiner's Report to the Trustees of Leeds North and West Foodbank Year ended 30 June 2024 l pOrt to the Iruslees on my examination of the financial statements of Leeds North and Wesl Foodbank I'the Gharity'l for the year ended 30 June 2024. Responsibilities and basls of report As the trustees of the charity, you are responsible for the preparats'on of the financial statements in accordance with the requirements of the Charities Act 2011 I'the ACVI. I report in respect of tny exatnincilioii uf Ilie Glidiily's liri<aiiLitil bli11[lili1S bdl l i¥(J uul UliLlei seclioii 14 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified AGGounl8nls, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have corne lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act", or the financial statements do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and faiv view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. D P Bohorun FCCA FCMI Independent Examiner G I lowley Park Dusiness Village Pullan Way Leeds England LS27 OBZ Mar19,2025 13
Leeds North and West Foodbank Statement of Financial Activities Year ended 30 June 2024 2024 Restricted funds Total funds 2023 Unreslricled funds Total funds Note Income and endowments Donations and lègacies Charitable activities Other income 206,139 214,033 560 181,060 387,199 214,033 560 321,858 282,331 613 Total income 420.732 1A1,nBO &01.7q2 n4,8n2 Expenditure Expenditure on charitable activities Total èxpenditure 475,553 475,553 188,750 188,750 664,303 576,293 664,303 576,293 Net lexpenditurellincome {54,821} 17,6901 162,5111 28,509 Transfers beeen funds 192 11921 Net rnovernent in funds 154,6291 17,882) {62,511) 28.509 Reconclllatlon of funds Total funds brought forward Total funds carrled foNard 425,925 371,296 66,342 58,460 492,267 429,756 463,758 492,267 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 14
Leeds North and West Foodbank Statement of Financial Position 30 June 2024 2024 2023 Note Fixed a8•0ts Tangible fixed assets 14 16,107 17,527 Current assets Debtors Cash al bank and in hand 15 6,416 605,984 7,010 473,526 612,400 480,536 Creditors.. amounts falling duo within one year Net current assets 16 198,751 5,796 413,649 429,756 474,740 492,267 492,267 Total assets less current liabilities Net a55ets 429,756 Funds of the charity Restricted funds Unreslricled funds 58.460 371,296 429,756 66.342 425.925 Total charity funds 18 492.267 These financial statements were approved by the board of trustees and aulhorised for issue on .Mar..19,..2025... and are signed on behalf of the board by.. Julie Brownrigg Chairperson 15
Leeds North and West Foodbank Statement of Cash Flows Year ended 30 June 2024 2024 2023 Cash flows from operatlng activities Nel lexpendilurellincome {62,5111 28,509 Adjustments for.. Depreciation of tangible fixed assets Interest payable and similar charges Accrued expenses 3.811 274 1,033 4,863 280 1,800 Changes in.. Trade and other debtors Trade and other creditors 594 191,922 135,123 {7,0101 3,996 32,438 Cash generated from operation5 Interest paid Nel cash from operating activities 12741 134,849 12801 32.158 Cash flows from Investlng acllvltles Purchase of tangible assets Net cash used in investing activities 12,3911 12,3911 {6951 16951 Net Increase In cash and cash equlvalents Cash and cash equlvalents at beginning of year Cash and cash equlvalents at end of year 132,458 473,526 605,984 31,463 442,063 473,526 16
Leeds North and West Foodbank Notes to the Financial Statements Year ended 30 June 2024 General information The charity 16 a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Unil 3.3 Flexspace, Burley Hill. Leeds, LS4 2PU. Statement of compllance These financial slalemenls have been prepared in compliance with FRS 102, 'The Financial Reyuiliiiy St£llltJdrd <iypIiL£ible iii Ill UK tiiid (lie Reyublio ul IIEltiiid', Ill Sttaleiiieiil ul Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Accountlng pollcles Basls of preparatlon The finaneial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measuTed al fair value through income or expenditure, The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability lo continue. Judggment$ and key sources of estimation uncertainty The preparation of the financial slalemenls requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. Fund accounting Unreslricled funds are available for use al the discretion of the trustees to further any of the charity's purposes. Designated funds are unreslricled funds earmarked by the trustees for particular future project or commitment, Resli"iGled funds are subjeGted to re5triGtions on their expenditure deGlared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. 17
Leeds North and West Foodbank Notes to the Financial Statements {conflnuedJ Year ended 30 June 2024 Accounting pollcles (contlnued) Incomlng resources All incoming resources are included in the statement of financial activities when enlillement has passed lo the charity., il is probable that the economic benefits associated with the transaction will Ilow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is rec(nISed when Ihero is ovidonco of ontillomgnt lo tho gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured al the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost to the donor or the esllmaled resale value. Donated facllllles and servlces are recognlsed In the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from eontracls for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a conlraclual requirement for il lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities lo which il relates.. expenditure on raising funds includes the costs of all fundraising aclivilies, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneficiaries, including those support costs an(J costs relallng lo the governance of the charlty apportloned to charltable aclivilies. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs atlribulable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded al cost, and subsequently slated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 18
Leeds North and West Foodbank Notes to the Financial Statements (conllnuedj Year ended 30 June 2024 Accountlng pollcles (conllnued) Tangiblo assots An increase in the carrying amount of an asset as a resLJIt of 2 revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial aclivilies. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which il offsets any previous revaluation gain, in which case the loss is shown within other recognlsed galns ana losses on the staiement of flnanclal actlvltles. Depreclatlon Depreciation is Galoulaled so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows., Fixtures and fillings Aotor vehicles Equipment 20°/o slraighl line 1 00/0 slraighl line 33 10 slraighl line Impairment of fixed assets A review for indicators of impairment is carried out al each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when il is not possible lo estimate the recoverabSe amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unil to which the asset belongs. The ¢ash-genorating unil is the smallost identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are asslgned to those unlts. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party lo the conlraclual provisions of the inslrumenl. Basic financial instruments are initially recognised al the amount receivable Dr payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. 19
Leeds North and West Foodbank Notes to the Financial Statements {contlnued) Year ended 30 June 2024 Accounting policies (conlinued) Financial instruments (contlnuedj Where investments in shares are publicly traded or their fair value can otherwise be measured reliably. the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are SubSeqentlY measured at cost less impairment. Other financial instrumentg, in¢lLiding derivatives. are initially recognised at fair value, unless payment ft)r an asset is deferred beyond normal business terms or financed al a rale of inleiest that is not a market rate, in which case the asset is meaSUd al the present value of the future payments discounted al a market rale of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment al the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial 8sset5 that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donations and legaci9S Unrestricted Funds Restricted Total Funds Funds 2024 Grant¢ Grants receivable 19,969 180,901 200,870 Other donations and legacies Other donations and legacies 186,170 205,139 159 186,329 181,060 387,199 Unrestricted Funds RestriGted Total Funds Funds 2023 Grants Grants receivable 19,467 108,476 127,943 Other donatlons and legacies Other donations and legacies 181,020 12,895 193,915 321,858 200.487 121,371 20
Leeds North and West Foodbank Notes to the Financial Ststements (GoTrlAnued) Year ended 30 June 2024 Charltable actlvltles Unrestricted Total Funds Unrestricted Total Fund8 Funds 2024 Funds 2023 Food Donations Other incorNe from charitable activities 203,518 10,515 203,518 10,515 214,033 263,561 18,770 282,331 263,561 18,770 282,331 214,033 other Income Unrestricted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Other income 560 560 613 613 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Expenditure on charitable activities Food Donations 272.035 203.518 188,750 460,785 203,518 664,303 475,553 188,750 Unre51ricled Funds Reslricled Total Funds Funds 2023 Expenditure on charitable activities Food Donations 191,162 263,561 121,570 312,732 263,561 454,723 121,570 576,293 Expendlture on charltable activities by activity type Activities undertaken Total funds directly 2024 Total fund 2023 Expenditure on ¢harilabl¢ a¢livities Food Donations 460,785 203,518 460,785 203,518 312,732 263,561 664.303 664,303 576.293 21
Leeds North and West Foodbank Notes to the Financial Statements (eontlnued) Year ended 30 June 2024 Analysls of support costs Independent Examination Fees Bank Charges Total 2024 Total 2023 Finance costs 1,920 274 2,194 2,498 10. Net lexpendlturellincome Net lexpendilure)lincome is slated after chargingl{credilingl'. 2024 2023 Depreciation of tangible fixed assets 3,811 4,863 11. Independent examinatlon fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,920 1,800 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries 193,901 178,098 The average head count of employees during the year was 6 (2023.. 6). No employee received employee benefits of more than £60,000 dLTring the year {2023.' Nill. 13. Trustee remuneratlon and expenses No members of the Trustees received any remtjneralion during the year. Travel costs and expenses amount lo £nil12023.' £nill were reimbursed to the Trustees. 22
Leeds North and West Foodbank Notes to the Financial Statements (Collllnuèdj Year ended 30 June 2024 14. Tangible fixod assets Fixturc and fillings Motor vehicles Equipment Total Cost At 1 July 2023 Additions Disposals At 30 June 2024 5,526 558 31,063 3,716 1,833 {1.7801 3.769 40,305 2,391 11,780} 40,916 6,084 31.063 Depreciation Al 1 July 2023 Charge for the year Disposals At 30 June 2024 4,536 481 14,526 3,122 3,716 208 11,7801 2,144 22,778 3,811 {1,7801 24,809 5,017 17,648 Carrying amount At 30 June 2024 1,067 13,415 1,625 16,107 AI 30 June 2023 990 16,537 17,527 15. D9btors 2024 2023 Prepayments and accrued income Other debtors 2,304 4,112 6,416 7,010 7,010 16. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income 3,996 1,800 5,796 198,751 198,751 17. Deferred incomo 2024 2023 Amount deferred in year 195,918 23
Leeds North and West Foodbank Notes to the Financial Statements (contlnuéd) Year ended 30 June 2024 18. Analysls of charitable funds Unrestricted funds At 30 June 202 Al 1 July 2023 Income Expenditure Transfers General funds Designated Fund 1 Cuiiliiiy¥iiby Designated Fund 2 - Fl Overheads 317,049 361,876 1460,032) 192 219,085 93.355 42,506 135,921 15,521 425,925 16,290 420,732 115,521} 1475.5531 16,290 371,296 192 Al 1 July 2022 Al Transfers 30 June 2023 Income Expenditure General funds Designated Fund 1 Contingency Designated Fund 2 - Fl Overheads 318,089 467,910 1454,723) 114,2271 317,049 79,128 14,227 93,355 15,521 483,431 15,521 425,925 397,217 {454,723} Reslrlcted funds At 30 June 202 At 1 July 2023 Income Expenditure Transfers Restricted Fund 1 66,342 181,060 1188,7501 {1921 58,460 At 1 July 2022 Al Transfers 30 June 2023 Income Expenditure Restricted Fund 1 66,541 121,371 1121,5701 66,342 24