**REGISTERED CHARITY NUMBER: 1172470**
## **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **ROCHDALE FOODBANK**
Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
**ROCHDALE FOODBANK**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|14|
**ROCHDALE FOODBANK**
**REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024**
**TRUSTEES** Mrs W Fell S Field Ms K Ansley Rev R Battershell N Williams (resigned 24.4.23) Mrs J M Hill Mrs M M Power A Graham L Settle A Colley (resigned 4.10.23) M Tomlinson (appointed 11.4.24) **PRINCIPAL ADDRESS** 14-16 Newgate Rochdale Lancashire OL16 1BA **REGISTERED CHARITY NUMBER** 1172470 **INDEPENDENT EXAMINER** Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
Page 1
## **ROCHDALE FOODBANK**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's principle objective as set out in its constitution is to relieve persons in England and Wales, and specifically in Rochdale, who are in conditions of need or distress in such ways as the trustees from time to time think fit. Currently the trustees consider that this is currently best served by providing food and other daily essentials. However, there have also been a number of initiatives in this last year that have and will further raise the provision of more pro-active and 'wrap-around' services for our clients.
## **Public benefit**
The trustees confirm that they have referred to the advice contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives, and in planning future activities. In particular the trustees have considered how planned activities will contribute to the aims and objectives they have set.
Page 2
**ROCHDALE FOODBANK**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Rochdale Foodbank, founded in July 2012, was initially an unincorporated organisation, (Charity No 1153975). On 1st July 2017, the Foodbank became a Charitable Incorporated Organisation, (CIO), (Charity No 1172470) and uses the Charity Commission's foundation model constitution for CIOs. The only voting members are the Foodbank's Trustees who give their time freely and receive no remuneration for their work.
The Foodbank is part of the network of Trussell Trust Foodbanks.( Now referred to as Trussell Foodbanks). It is an independent charity but works to the guidelines given by Trussell Trust. We have safeguarding policies in place and conduct appropriate risk assessments for our volunteers and clients in line with current Health and Safety regulations.
Our Foodbank moved its operations successfully to the new premises at 14-16 Newgate in the Exchange Centre in August 2022 with our satellite centre continuing to operate from the Branches Fellowship Church in Smallbridge on a Saturday morning. The new Foodbank has settled well in its modern, fresh and re-assuring premises for our clients and volunteers. Some re-organisation of the Warehouse took place in the year.
The demand for our daily central service continued to grow over the year although not at the pace of the previous year. We honoured 5346 [5162] vouchers, providing 7496 [6909] adults and 4207 [3807] children; that is 11703 people in total [10716], with parcels of food and personal products. This amounted to around 95 [85] tonnes of food given directly to our clients; just short of 8 [7] tonnes of food on average provided each month. The dramatic increase in demand in 2021-22 increased again in 2023-24, with the reasons documented and reported both nationally and regionally. Here are the hard facts of the matter; in 2023-24 around 50% more clients were served in total and 62% more children, compared to 2021-22. We have continued to need to cast the net widely to fund our core objective.
The pattern of the previous three years has been maintained where food donations are [relatively] lower and food purchases have increased, funded by the money given by individuals, business organisations and charities. Further external grants have been available with the onset of the 'cost of living crisis'. This has had a positive impact on our access to 'restricted' funds for food and our need to finance the significant fixed costs of the operation; rent, energy and three salaried staff.
Our volunteer teams have grown a little providing a yet more stable workplace; new volunteers attracted by our central focus, harmony and the pleasant surroundings; all operated successfully under the guidance of our Operations Manager and Team Leaders. Our recently appointed Development Manager began his role in earnest; focussed on our longer-term sustainability; guaranteeing and enhancing food sources and funding, access to community support for our infrastructure and managing the regulatory demands made upon us to comply, as if we were a commercial organisation. His work has embraced a wide variety of initiatives over the year; establishing 42 Food Gift Boxes across the Borough; improving the relationship with other large supermarkets; closer, successful liaison with RMBC; centralising our policy documents; enhancing our relationship with Trussell Trust; arranging an independent H and S Review; raising our social media profile and seeking the funding as necessary, to provide for these developments.
He then undertook a quite fundamental review and proposed some significant change as we moved into the second half of the year. These were proposed to Trustees later in 2023, designed to sustain our objectives into a more pro-active next phase. The first Distribution Centre was opened in January in full co-operation with the Council Library Services; the proposed extension of our service with the development of a Pantry , providing a step up for clients buying [literally] into a greater responsibility for their food needs. All of this much larger scale of operation to be overseen by the appointment of a Project Manager. Winning the funding for these initiatives in the latter part of 2023-24 will see them established in the early part of the next year,
Having finally reached agreement with Trussell Trust and Citizens Advice (CASORT: Citizen's Advice Stockport, Oldham, Rochdale, Tameside and Trafford ) , to support a three-year programme, the daily face-to-face advice service for our clients is now well established within the Foodbank. It is the main-spring of our pro-active approach with clients. Our volunteers and the adviser are active in guiding clients to the service and as appropriate, on to more specialist services. Such has been the success of the service that towards the year end we began discussions [as we had intended] to engage the services of a second, this time part-time, specialist 'debt adviser'. He began his work in May 2024.
It is with great sadness that I report Mike McGlone's passing in February of this year. Having just established himself as our Treasurer after a successful transition, we lost him to ill-health. We thank him sincerely for his commitment, skill and friendship in the tragically short time he had with us.
In conclusion, despite the continuing challenges, we have been able to sustain our central Foodbank objective every weekday and Saturday throughout the year. We remain very grateful to the people of Rochdale Borough who continue to donate food and money and their service. Without their generosity we would be unable to continue.
The challenges are not issues that impact directly on the day-to-day delivery of food to our clients, which continues to provide the service to our many clients in a sympathetic, friendly and effective way. We believe we are respected across the Borough for the longevity and certainty of our service.
Page 3
**ROCHDALE FOODBANK**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
The trustees have considered the most appropriate policy for investing funds and consider that a bank deposit account serve the needs of the charity.
## **Reserves policy**
It is the intention of the trustees to achieve a balance of free reserves equivalent to at least 6 months costs.
As at 31st March 2024 the charity had total reserves of £73,341 of which £11,499 is restricted, leaving unrestricted reserves of £61,842 of which £60,210 are free reserves. The amount of free reserves is higher than 6 months running costs so adequate for the charity.
## **Going concern**
As this financial year ends we are confident of the charity continuing as a going concern. Foodbank reserves are maintained at a healthy level and the Trustees are confident of the future operation and sustaining our objectives. We have been able to apply for and win awards for a variety of defined purposes. There are healthy numbers of opportunities in this respect; yet the level of interest and demand from other worthy organisations has grown and the field is much tighter than in the recent past.
We remain optimistic that the local community, through individuals, institutions and commercial organisations, will continue to support us; that optimism has been well met in the past.
Whilst we are secure for the year 2024-25 we must be diligent in planning for the following financial year, with raised employment costs and the continuing challenges across our cost base. We are exposed to all those pressures and must plan accordingly. It is that which will occupy Trustees in the coming months.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a constitution, and constitutes a Charitable Incorporated Organisation whose only voting members are its charity trustees ('Foundation' model constitution).
The Charities Act 2011 creates the basic legal framework for the CIO. This framework is completed by regulations:
- the Charitable Incorporated Organisations (General) Regulations 2012 ('General Regulations'); and
- the Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012 ('Dissolution Regulations').
Approved by order of the board of trustees on 12 November 2024 and signed on its behalf by:
S Field - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROCHDALE FOODBANK**
## **Independent examiner's report to the trustees of Rochdale Foodbank**
I report to the charity trustees on my examination of the accounts of Rochdale Foodbank (the Trust) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 material 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 Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Patricia Richards FCA, DChA
Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
12 November 2024
Page 5
## **ROCHDALE FOODBANK**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**2024**
Unrestricted
Restricted
**Total**
fund
funds
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**201,172**
**19,117**
**220,289**
**Charitable activities**
4
Foodbank core activity
**9,000**
**-**
**9,000**
Investment income
3
**1,128**
**-**
**1,128**
**Total**
**211,300**
**19,117**
**230,417**
**EXPENDITURE ON**
**Charitable activities**
5
Foodbank core activity
**245,921**
**50,002**
**295,923**
**NET INCOME/(EXPENDITURE)**
**(34,621)**
**(30,885)**
**(65,506)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**96,463**
**42,384**
**138,847**
**TOTAL FUNDS CARRIED FORWARD**
**61,842**
**11,499**
**73,341**|2023
Total
funds
£
283,016
80,492
235|
|---|---|
||363,743|
||341,739|
||22,004
116,843|
||138,847|
The notes form part of these financial statements
Page 6
## **ROCHDALE FOODBANK**
## **BALANCE SHEET 31 MARCH 2024**
|Unrestricted
Restricted
fund
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
11
**1,632**
**317**
**CURRENT ASSETS**
Debtors
12
**1,500**
**-**
Cash at bank
**63,992**
**11,182**
**65,492**
**11,182**
**CREDITORS**
Amounts falling due within one year
13
**(5,282)**
**-**
**NET CURRENT ASSETS**
**60,210**
**11,182**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**61,842**
**11,499**
**NET ASSETS**
**61,842**
**11,499**
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2024**
**Total**
**funds**
**£**
**1,949**
**1,500**
**75,174**
**76,674**
**(5,282)**
**71,392**
**73,341**
**73,341**
**61,842**
**11,499**
**73,341**|2023
Total
funds
£
2,598
17,215
125,709
142,924
(6,675)
136,249
138,847
138,847
96,463
42,384
138,847|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 12 November 2024 and were signed on its behalf by:
S Field - Trustee
The notes form part of these financial statements
Page 7
**ROCHDALE FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Fixtures and fittings|- Straight line over 4 years and Straight line over length of lease|
|---|---|
|Motor vehicles|- 25% on reducing balance|
|Computer equipment|- Straight line over 3 years|
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Donated food items**
In accordance with the Charities SORP, donated goods should be recognised upon receipt and included at Net Realisable Value. As the food donated has no Net Realisable Value as it will be donated to those in need, the donations are valued at the Trussel Trust £/kg value on donations made, this value is included in the appropriate note. At the year end the food held in stock has no residual value so is not included.
## **2. DONATIONS AND LEGACIES**
|Donations
Supermarket top ups
Donated food items|**2024**
**£**
**72,618**
**3,689**
**143,982**
**220,289**|2023
£
64,281
956
217,779|
|---|---|---|
|||283,016|
During the year, the donated food items were included as 60,752Kg of food at the Trussell Trust value of £2.37/Kg, totalling £143,982.
continued...
Page 8
**ROCHDALE FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **3. INVESTMENT INCOME**
|**3.**
**INVESTMENT INCOME**||||||||
|---|---|---|---|---|---|---|---|
|Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Grants
Foodbank core activity
RMBC Rent contribution
Action Together
Forever Community Support
Trussell Trust - Financial Inclusion
Rausing - Cost Of Living Crisis
MACC (GM) - Cost of Living Crisis
Duchy of Lancaster
**5.**
**CHARITABLE ACTIVITIES COSTS**
Foodbank core activity
**6.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Rent, ins, phone etc.
Motor expenses
Postage and stationery
Admin / sundries
Food shortages
Repairs
Trussell Trust
Training costs
Costs of debt advice
Consumables
Donated food items
Foodbank co-ordinator costs
Depreciation||||**2024**
**£**
**1,128**
**2024**
**£**
**9,000**|||2023
£
235
2023
£
80,492|
|||||2024|||2023|
|||||£|||£|
|||||9,000|||9,000|
|||||-|||4,500|
|||||-|||4,800|
|||||-|||39,640|
|||||-|||15,552|
|||||-|||5,000|
|||||-|||2,000|
|||||||||
|||||||||
|||||9,000|||80,492|
|||||||||
||Direct
Costs (see
note 6)
£
**293,721**||Support
costs (see
note 7)
£
**2,202**
**2024**
**£**
**33,229**
**15,893**
**1,929**
**1,175**
**3,900**
**39,395**
**8,717**
**360**
**719**
**25,608**
**165**
**143,982**
**18,000**
**649**
**293,721**|||Totals
£
**295,923**
2023
£
17,050
21,109
1,744
-
2,963
41,710
15,597
360
-
2,511
124
217,779
18,000
866
339,813||
continued...
Page 9
**ROCHDALE FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **7. SUPPORT COSTS**
|**SUPPORT COSTS**|||
|---|---|---|
|||Governance|
|||costs|
|||£|
|Foodbank core activity||**2,202**|
|Support costs, included in the above, are as follows:|||
||**2024**|2023|
||Foodbank||
||core|Total|
||activity|activities|
||**£**|£|
|Accountancy|**2,202**|**1,926**|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Expenses reimbursed to trustees totalled £165. These expenses were office and administrative expenses and the number of trustees reimbursed was one.
## **9. STAFF COSTS**
The charity does not directly employ staff. A co-ordinator is seconded from Rochale Borough Council and the charity reimburses costs. There are a further two posts which are filled by agency staff albeit the same staff are retained for continuity.
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
283,016
**Charitable activities**
Foodbank core activity
18,300
Investment income
235
**Total**
301,551
**EXPENDITURE ON**
**Charitable activities**
Foodbank core activity
320,561
**NET INCOME/(EXPENDITURE)**
(19,010)
**Transfers between funds**
5,073
**Net movement in funds**
(13,937)
**RECONCILIATION OF FUNDS**
Total funds brought forward
110,400
**TOTAL FUNDS CARRIED FORWARD**
96,463|Restricted
funds
£
-
62,192
-
62,192
21,178
41,014
(5,073)
35,941
6,443
42,384|Total
funds
£
283,016
80,492
235|
|---|---|---|
|||363,743|
|||341,739|
|||22,004
-|
|||22,004
116,843|
|||138,847|
continued...
Page 10
## **ROCHDALE FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **11. TANGIBLE FIXED ASSETS**
|Fixtures
and
Motor
Computer
fittings
vehicles
equipment
£
£
£
**COST**
At 1 April 2023 and 31 March 2024
**17,386**
**6,155**
**457**
**DEPRECIATION**
At 1 April 2023
**17,385**
**3,558**
**457**
Charge for year
**-**
**649**
**-**
At 31 March 2024
**17,385**
**4,207**
**457**
**NET BOOK VALUE**
At 31 March 2024
**1**
**1,948**
**-**
At 31 March 2023
1
2,597
-
**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2024**
**£**
Prepayments and accrued income
**1,500**
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2024**
**£**
Other creditors
**5,282**
**14.**
**LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
**2024**
**£**
Within one year
**5,250**
Between one and five years
**-**
**5,250**|Totals
£
**23,998**|Totals
£
**23,998**|
|---|---|---|
||**21,400**
**649**||
||**22,049**||
||**1,949**||
||2,598||
||2023
£
17,215||
||2023
£
6,675
2023
£
-
14,250|2023
£
6,675|
||14,250||
Two leases were undertaken during the year ended 31 March 2022 which expire 1 November 2024
continued...
Page 11
## **ROCHDALE FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **15. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Forever Manchester Support
Debt Advice Support - Asda
The Julia & Hans Rausing Trust - Cost of
Living Crisis
MACC (GM) - Cost of Living Crisis
Duchy of Lancaster - Food
Trussell Trust - Financial Inclusion
Rochdale Communities Fund (FSG)
Hill Dickinson
RBH Pantry Set Up
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Forever Manchester Support
Debt Advice Support - Asda
The Julia & Hans Rausing Trust - Cost of
Living Crisis
MACC (GM) - Cost of Living Crisis
Duchy of Lancaster - Food
Trussell Trust - Financial Inclusion
Trussell Trust Strategic Facilities
Rochdale Communities Fund (FSG)
Neighbourly (Sainsbury's)
Hill Dickinson
RBH Pantry Set Up
**TOTAL FUNDS**|Net
movement
At
At 1.4.23
in funds
31.3.24
£
£
£
**96,463**
**(34,621)**
**61,842**
**422**
**(105)**
**317**
**807**
**(807)**
**-**
**7,776**
**(7,776)**
**-**
**1,500**
**(1,500)**
**-**
**2,000**
**(2,000)**
**-**
**29,879**
**(29,879)**
**-**
**-**
**4,200**
**4,200**
**-**
**2,000**
**2,000**
**-**
**4,982**
**4,982**
**42,384**
**(30,885)**
**11,499**
**138,847**
**(65,506)**
**73,341**
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
**211,300**
**(245,921)**
**(34,621)**
**-**
**(105)**
**(105)**
**-**
**(807)**
**(807)**
**-**
**(7,776)**
**(7,776)**
**-**
**(1,500)**
**(1,500)**
**-**
**(2,000)**
**(2,000)**
**-**
**(29,879)**
**(29,879)**
**4,235**
**(4,235)**
**-**
**7,000**
**(2,800)**
**4,200**
**500**
**(500)**
**-**
**2,400**
**(400)**
**2,000**
**4,982**
**-**
**4,982**
**19,117**
**(50,002)**
**(30,885)**
**230,417**
**(295,923)**
**(65,506)**|
|---|---|
continued...
Page 12
**ROCHDALE FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **15. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.4.22
in funds
£
£
**Unrestricted funds**
General fund
110,400
(19,010)
**Restricted funds**
Forever Manchester Support
3,961
(141)
Debt Advice Support - Asda
807
-
Trussell Trust - PPE
557
-
Debt Advice - Co -Operative
1,118
-
The Julia & Hans Rausing Trust - Cost of
Living Crisis
-
7,776
MACC (GM) - Cost of Living Crisis
-
1,500
Duchy of Lancaster - Food
-
2,000
Trussell Trust - Financial Inclusion
-
29,879
6,443
41,014
**TOTAL FUNDS**
116,843
22,004
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
301,551
**Restricted funds**
Forever Manchester Support
-
The Julia & Hans Rausing Trust - Cost of
Living Crisis
15,552
MACC (GM) - Cost of Living Crisis
5,000
Duchy of Lancaster - Food
2,000
Trussell Trust - Financial Inclusion
39,640
62,192
**TOTAL FUNDS**
363,743|Transfers
between
At
funds
31.3.23
£
£
5,073
96,463
(3,398)
422
-
807
(557)
-
(1,118)
-
-
7,776
-
1,500
-
2,000
-
29,879
(5,073)
42,384
-
138,847
Resources
Movement
expended
in funds
£
£
(320,561)
(19,010)
(141)
(141)
(7,776)
7,776
(3,500)
1,500
-
2,000
(9,761)
29,879
(21,178)
41,014
(341,739)
22,004|
|---|---|
## **Debt advice service**
The grant of £2,121 was received from the Trussell trust via the Asda grant scheme. This grant was to fund the debt advice centre costs from 1st January 2020.
The grant of £2,168 was received in 2020 from the Co Operative grant scheme to support the debt advice centre from 1st January 2021, which was partly utilised in 2022. Permission was given by the Co-Operative for Rochdale Foodbank to utilise funds remaining at 31 March 2022 in general expenditure therefore a transfer has been made to general funds.
## **Forever Manchester Support**
£10,000 was received in 2020 to support the Community in regards to extra support re: covid-19 and restarting activities.This has now been fully utilised.The remaining balance relates to an amount invested in a vehicle and is being written off in accordance with the depreciation policy.
continued...
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**ROCHDALE FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **15. MOVEMENT IN FUNDS - continued**
## **Trussel Trust - PPE**
£1,414 was received in 2020 to fund the purchase of PPE to protect everyone at the Foodbank in line with Covid-19 guidelines. Permission was given by the Trussell Trust for Rochdale Foodbank to utilise funds remaining at 31 March 2022 in general expenditure therefore a transfer has been made to general funds.
## **Trussell Trust - Financial Inclusion**
The grant was for the provision of dedicated Advice Service from CASORT.
## **- The Julia & Hans Rausing Trust Cost of Living Crisis**
The grant was for 6 months salary for the Operations Manager and Warehouse Manager from 1 January 2023.
## **MACC (GM)**
The grant was for food and PPE.
## **Duchy of Lancaster**
Funds received in the year towards food supplies.
## **Trussell Trust - Strategic Facilities**
Fund received towards the cost of the warehouse refurbishment.
## **Rochdale Communities Fund - Emergency Food Support**
Funds received towards costs of supplying emergency food support to the community.
## **Neighbourly Sainbury's**
Funds received towards costs of food support.
## **Hill Dickinson - Community Foundations**
Funds received to establish distribution centres in libraries to ensure people can access the foodbank without having to pay travel or walk a considerable distance.
## **Rochdale Boroughwide Housing Community Investment Team**
Funds received to assist in the Foodbank Central Pantry .
## **16. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
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