WALLINGFORD EMERGENCY FOOD BANK
Trustees Meeting November 2024
TREASURER’S REPORT
SUMMARY
It is fair to say that, from a financial perspective, the last 12 months have been unusually turbulent.
In May I reported to the Trustees that – after many years of having a very healthy (and at times embarrassing) bank balance – there was a serious risk of the Food Bank running out of money in early 2025.
Since then, in response to appeals to supporters there has been an increase in giving, including a very generous contribution of £10,000 from a local Trust. At the same time, the sterling efforts of Alice Penney (the Food Bank Manager) to challenge referrers regarding both general eligibility and the need for summer holiday support, has meant there has been some reduction in demand which has reduced the overall growth in costs.
We therefore end the year in a much stronger position than was expected just 6 months ago.
OVERVIEW OF TREASURER ACTIVITY IN LAST YEAR
I have now completed 3 years in the role of Treasurer. I continue to rely heavily on the support from Martin Holden who deals with the day-to-day operation of the Food Bank’s finances.
For the first time we have this year applied for a grant from South Oxfordshire District Council as part of their “Food and Warmth Grant Scheme”. We used the £5000 grant to provide approximately 100 households with funds to help with the cost of home energy. Distributing this money proved to be more challenging than we anticipated, and my particular thanks go to Gaby Clements for her patience and persistence in dealing with clients.
The HUGGG voucher scheme we first used to help Ukrainian families in early 2022 has also been used this year at Christmas, at Easter and in the school summer holidays in to help families identified by local schools where it was felt the lack of free school meals in these periods would cause particular difficulties.
For most of this year we have offered supermarket vouchers to larger families instead of the normal food parcels, thus giving clients more choice in the food they receive - thanks go to Corinne Clark and Alison Mountford for their work in distributing these. We are still receiving requests for help from families who have moved into our area from war-torn Ukraine and are responding by sending supermarket vouchers.
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SUMMARY OF INCOME AND EXPENDITURE
The Food Bank financial year runs October to September, so it is possible to compare the complete 2021-22, 2022-23 and 2023-24 years.
The figures below set out the summary of income and expenditure across the different categories.
| Income | 2021-22 | 2022-23 | 2023-24 | |
|---|---|---|---|---|
| £ | £ | £ | ||
| Donations via CAF from the web site | 21940 | 40258 | 37290 | |
| Standing Order donations | 5502 | 7055 | 5705 | |
| Other donations | 4563 | 4191 | 4310 | |
| Donations by churches | 325 | 1652 | 1202 | |
| Donations from organisations | 3596 | 7498 | 19117 | |
| Gift Aid | 6944 | 4256 | 10374 | |
| Grants (note 1) | 0 | 0 | 5000 | |
| Interest | 16 | 88 | 73 | |
| Total Income | £42886 | £64998 | £83071 | |
| Expenditure | ||||
| General supplies | 18745 | 28999 | 20989 | |
| Equipment | 1410 | 551 | 464 | |
| Stationery | 42 | 79 | 100 | |
| Rent | 600 | 1050 | 1200 | |
| Maintenance | 63 | 0 | 0 | |
| Expenses_(note 2)_ | 39 | 451 | 534 | |
| Kitchen equipment (ring fenced) | 466 | 0 | 0 | |
| Professional Services | 465 | 415 | 879 | |
| HUGGG vouchers_(note 3)_ | 29800 | 41719 | 70460 | |
| Total Expenditure | £51630 | £73264 | £94626 | |
| Balance | ||||
| Bank Account at 30 Sept 22 / 23 | £49018 | £40550 | ||
| Income | £64998 | £83071 | ||
| Expenditure | -£73264 | -£94626 | ||
| Net | £40752 | £28995 |
Notes
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Funding from South Oxfordshire District Council (SODC) .
-
Includes mileage, parking, catering etc.
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Includes spending of SODC grant
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LOOKING AHEAD
We are starting the new financial year in a reasonably healthy position which has already been boosted with the receipt of over £10000 in Gift Aid plus over £1200 in gifts from organisations. The forthcoming fundraising concert event – the first in Food Bank’s history – will further boost our finances and will put us in good position to be able to continue to help those in need in our communities during 2025
David Tole Treasurer
7[th ] November 2024
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| Charity Name | No (if any) | No (if any) | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Wallingford Emergency Food Bank | 1169402 | |||||||||
| Receipts andpayments accounts | CC16a | |||||||||
| For the period from ~~ee ~~ |
For the period |
Period start date To 10/1/2023 ~~ee~~ |
Period end date 9/30/2024 |
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| Section A Receipts and payments | ||||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | ||||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | ||||||
| A1 Receipts | ||||||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| Sub total(Gross income for AR) | (Gross income for AR) | 78,668 | **5,000 ## ** | - | 83,668 | 64,996 | ||||
| - - - - - - - - - Sub total - - - - - Total receipts 78,668 5,000 - 83,668 64,996 A2 Asset and investment sales, (see table). ~~——————~~ |
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| A3 Payments | ||||||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
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| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| **Sub total ** | 90,274 | 5,000 | - | 95,274 | 73,464 | |||||
| - - - - - - - - Sub total - - - - - Total payments 90,274 5,000 - 95,274 73,464 A4 Asset and investment purchases, (see table) ~~—————~~ |
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| Net of receipts/(payments) - 11,606 - - - 11,606 - 8,468 A5 Transfers between funds - - - - - A6 Cash funds last year end 40,549 - - 40,549 - Cash funds this year end 28,943 - - 28,943 - 8,468 ~~=====~~ |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ - - - - - - 28,943 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name David M Tole Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
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| - | |||
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| OK | |||
| to nearest £ Endowment funds |
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| Current value (optional) |
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| Current value (optional) |
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| When due (optional) |
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| Date of approval |
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| David M Tole | 6/30/2025 | ||