Arnold Foodbank (Registered in England & Wales, charity number 1170229) Financial statements for the year ended 31 March 2023
| Page | Contents |
|---|---|
| 2 - 3 | Trustees’ annual report |
| 4 | Independent examiner’s report |
| 5 | Receipts & payments account |
| 6 | Statement of assets & liabilities |
| 7 - 8 | Notes to the accounts |
Arnold Foodbank Trustees’ annual report for the year ended 31 March 2023
Full name Arnold Foodbank
Organisation type Charitable incorporated organisation
Registered charity number 1170229
Principal address Daybrook Baptist Church 14 Mansfield Road Daybrook Nottingham NG5 6AA
Trustees
Helen Lloyd Anne Lee Robert Borges-Stewart, from 17/5/22 Clare Collins, from 9/5/23 Jane Davis, until 13/10/22
Colin Bullett, from 17/5/22 Alan Maxwell Sarah Benedek, from 17/5/22 Daniel Moore, from 9/5/23 Arthur Pember, until 9/5/23
Independent examiner
John O’Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL
Governance and management
The charity is operated under the rules of its constitution adopted 2016.
Trustees are recruited by completion of an application form. Informal interview and assessment of skills and talents as would be beneficial to the project.
Objectives and activities
To provide relief of financial hardship tot the people of Arnold and surrounding area, or in other parts of the United Kingdom, in such ways as the Trustees from time to time think fit, in particular, but not exclusively by:
a) Providing emergency food, essential toiletries and other household items to individuals and families in need and/or for distribution by charities or other organisations working to prevent or relieve poverty: and
b) Such other means, including but not limited to the provision of support or signposting to relevant information and other advisory services.
Summary of the main activities undertaken for the public benefit
By supporting the most vulnerable in our community, and encouraging that support through donations from local people and businesses, we promote community cohesion. Neighbour helping neighbour. There is no exclusion to potential recipients
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Arnold Foodbank
and access is about need rather than particular circumstances. Data from our service can also help highlight issues at local and national level.
Public benefit statement
The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
Summary of the main achievements during the period
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Provision of minimum of three days’ supply of food for households presenting with a referral from support or advice agency.
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Signposting to further sources of support who can help with income maximisation.
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Provision of items or funds to relieve hardship.
2022/23 has been our busiest year since opening the foodbank in 2012 as we faced a nation still recovering from Covid and now facing a cost of living crisis, including rising energy costs.
We created 3,388 parcels - distributing enough food for 7,485 people, over a third of whom were children. The number of parcels was up nearly 50% from last financial year. This highlights the increase in families needing support. This in turn impacts on the amount of food we distributed. Excess donations from 2021/22 period kept us in good stead for this increase but, as the year drew to an end, there was a noticeable decrease in the amount of food donations via supermarkets, reflecting the impact across the community of the cost of living.
We responded to the fuel crisis by purchasing warm packs containing blankets, socks, gloves and hats for the most vulnerable of households. We also supported some families who found themselves in urgent need of cookers, washing machines and fridges. Finally, the appointment of new Trustees, especially our new Treasurer, has brought fresh eyes and talents to our team.
The charity’s policy on reserves
Unrestricted reserves are needed to fund increases in costs arising from greater demand from clients, particularly the costs of providing food, unexpected items of expenditure and service developments. The minimum level of unrestricted reserves is currently set at £20,000, based on roughly six months’ worth of running costs. This now needs to be reviewed as the expenditure on food stock is increasing significantly. The level of unrestricted reserves at 31 March 2023 was £195,800. The Board has been looking at ways to utilise more of these reserves to the benefit of clients and a new foodbank satellite "hub" has been opened in Calverton. In addition, money is now being spent on vouchers for fresh meat and vegetables, and work is progressing on providing a "ticketbank".
Financial risks
The continued impact of the high cost of living and a decrease in donations.
Signed on behalf of the charity’s trustees:
Signed ______ Date _ Helen Lloyd, Trustee
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Independent examiner’s report to the trustees of Arnold Foodbank for the year ended 31 March 2023
I report to the Trustees on my examination of the accounts of Arnold Foodbank (the charity) for the year ended 31 March 2023
Responsibilities and basis of report
As the Trustees of the Charity 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 accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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The accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed ____ Date _______ John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus
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Arnold Foodbank Receipts & payments account for the year ended 31 March 2023
| 2022 Total Unrestricted Funds Funds £ Note £ Receipts 106548 Grants & donations 2 90795 5429 Fundraising - 189 Bank interest 1073 112166 Total receipts 91868 Payments 113 Hardship fund 2963 15109 Salaries 16441 - CAB Contracts - 1095 Equipment, repairs & renewals 2302 588 Advertising & promotion - 619 Office costs 499 1500 Daybrook Baptist Church rent donations - 304 Insurance 368 458 Hospitality 1201 723 Foodstock 3307 350 Premises maintenance - 371 Coronavirus - 1340 Vouchers - 447 Bank charges 479 - Training & events 62 - Accommodation & travel 378 - CCLA investments 20000 484 Sundry payments - 23501 Total payments 48000 88665 Net receipts/(payments) 43868 115782 Cash funds at start of this period 151934 204447 Cash funds at end of this period 195802 |
2023 Restricted Total Funds Funds £ £ 5182 95977 - - - 1073 5182 97050 2037 5000 - 16441 23616 23616 18 2320 - - - 499 - - - 368 265 1466 12739 16046 - - - - - - - 479 18 80 5297 5675 20000 - - 43990 91990 (38808) 5060 52513 204447 13705 209507 |
|---|---|
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Arnold Foodbank Statement of assets and liabilities at 31 March 2023
| 2023 £ Cash assets 204297 Bank accounts 150 Cash in hand 204447 Other monetary assets - Investments - Assets retained for the charity’s own use Foodstock value estimated at £45,827 Liabilities - Creditors: rents - Creditors: independent examination - |
2024 £ 209239 268 |
|---|---|
| 209507 | |
| 20001 | |
| 20001 | |
| (10920) (576) |
|
| (11496) |
These financial statements are accepted on behalf of the charity by:
Signed _____ Dated _____ Colin Bullett, Trustee
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Arnold Foodbank Notes to the accounts for the year ended 31 March 2023
1. Receipts & payments accounts
Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.
2. Grants & donations
| Individual donations Just giving Supermarket donations Church donations CAF Corporate donations Councillor donations Fundraisers Hardship Fund Gift Aid |
Unrestricted £ 33318 13798 1155 1903 4830 15068 9775 4915 - 6033 90795 |
Restricted Total £ £ - 33318 - 13798 - 1155 - 1903 - 4830 3145 18213 - 9775 - 4915 2037 2037 - 6033 5182 95977 |
|---|---|---|
3. Funds analysis
| Restricted funds Foodstock Training Co-op Volunteers Financial Inclusion Project Hardship Fund Unrestricted funds General |
Opening balance £ 9595 461 4662 300 37495 - 52513 151934 151934 |
Receipts (Payments) £ £ 3145 (12740) - (18) - - - (300) - (28895) 2037 (2037) 5182 (43990) 91868 (48000) 91868 (48000) |
Closing balance £ - 443 4662 - 8600 - |
|---|---|---|---|
| 13705 | |||
| 195802 | |||
| 195802 |
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4. Trustees’ remuneration
In their role as Trustees. Trustees received no expenses, remuneration or benefits in this period.
5. Related party transactions
- There were no related party transactions
6. Glossary of terms
- Creditors: These are amounts owed by the Charity, but not paid during the accounting period.
Restricted funds: These are funds given to the Charity, subject to specific restrictions set by the donor, but still within the general objectives of the Charity.
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