## **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**
- Provision of minimum of three days’ supply of food for households presenting with a referral from support or advice agency.
- Signposting to further sources of support who can help with income maximisation.
- 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:
1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. 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**|
|---|---|
5
## **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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## **Arnold Foodbank**
## **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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