Chesterfield Foodbank
A member of the Trussell Trust Foodbank Network
A Charitable Incorporated Organisation Registered Charity Number 1174426
Trustees Annual Report and Statement of Accounts
For the year ended Sept 2023
1
| Contents | Contents | Page |
|---|---|---|
| Charity | Info | 3 |
| • | Background | 3 |
| • | Structure, Governance and Management | 4 |
| • | Trustees | 4 |
| • | Public benefit | 4 |
| • | Objects | 4 |
| • | Summary of Main activities | 4 |
| Staff | 6 | |
| Volunteers | ||
| Achievements | ||
| • | Clients fed | 6 |
| • | Reasons for referrals | 7 |
| • | Referral agencies | 7 |
| • | Website & E-vouchers | 8 |
| • | Tesco collections | 9 |
| • | Supermarket Permanent Collection | 9 |
| • | Harvest collection | 10 |
| • | Partnerships | 10 |
| Financial donations | 10 | |
| Financial breakdown | 11 | |
| Reserves Policy | 12 |
2
Charity Information & Administration Details
| Charity Name | Chesterfield Foodbank |
|---|---|
| Charity Registration Number | 1174426 |
| Charity Format | Charitable Incorporated Organisation (CIO) |
| Governing Document | Constitution – Foundation model |
| Date Registered | 30thAugust 2017 |
| Principal Address | Unit 3 |
| Carrwood Road | |
| Chesterfield | |
| S41 9QB | |
| Trustees 2017-2022 | Daniel Cooke (Chair) |
| Nicola Fletcher | |
| Bank | Co-operative Bank |
| PO Box 250 | |
| Delf House | |
| Southway | |
| Skelmersdale | |
| WN8 6WT | |
| Independent Examiner | MG Walker & Co Ltd |
| 119A High Street | |
| Clay Cross | |
| Chesterfield | |
| S45 9DZ |
Background
Chesterfield Foodbank (CFB) a member of the Trussell Trust provides 3 days’ supply of food to local people in financial crisis who have obtained a foodbank voucher from a local agency and if possible, we signpost them to other agencies who can help resolve the crisis.
3
Structure, governance and management
Chesterfield Foodbank (CFB) is a Charitable Incorporated Organisation (CIO), formally registered by the Charities Commission on 30[th] August 2017 and with a Constitution based on the Charity Commission ‘Foundation’ model.
Trustees
Daniel Cooke (Chair) The Rectory, Church Street, Brimington, S43 1JG 3 Heathfield Avenue, Ashgate, S40 4AJ Nicola Fletcher Sarah Menzies The Brambles, Hemming Green, Old Brampton, S42 7JQ Penelope Hargreaves 31 Avondale Road, Chesterfield, S40 4TF. John Roberts 3 Longford Croft, Chesterfield. S40 2GG Jeffrey Kitts 46 Alexandra Road West, Chesterfield. S40 1NP Alan Ramsey 9 Oliver House, Wain Ave, S41 0FE
There should be at least 3 elected trustees, appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
CFB has continued to help local people and families who find themselves in financial crisis, referred to the foodbank. All clients are met with compassion and a listening ear irrespective of their age, gender, ethnic background, faith or no faith or social status. The only requirement is that they are referred by a front- line agency due to financial crisis and live in Chesterfield and the surrounding area.
Objects
The objects of the CIO are the relief of financial hardship amongst people in Chesterfield and the surrounding area in such ways as the trustees think fit. In particular, by providing emergency food, essential toiletries, and household items to individuals and families in need and/or for distribution by charities or other organisation working to prevent or relieve poverty.
Summary of Main Activities
We provide food, toiletries, and other help to people in crisis in and around Chesterfield. We get the supplies from generous gifts and donations from local people, companies and supermarkets. The food and toiletries are stored in our warehouse and are then distributed to people through our distribution centres. Clients must be referred by a front-line agency such as the Citizens Advice Bureau, Social workers, school family support workers. Agencies
4
provide E-vouchers numbers that are tracked & logged into our digital data collection system (DCS).
At the distribution centres, the client is met with compassion, a cup of tea or coffee and a friendly listening ear. Details are taken of any allergies or diet related health issues (e.g. diabetes), the size of family, age of children and the food is then packed for them to take away. The packs provide food for 3 days for their household.
In addition, the foodbank volunteers signposted Clients to other services and agencies who may be able to help with some of the core issues to help the client out of the crisis. As the role of the foodbank is assistance in short term crisis, the principle remains to avoid clients being dependent on the foodbank long term.
We now have 6 foodbank Distribution Centres / operating 7 sessions :
| Monday | Brimington & Hasland |
|---|---|
| Tuesday | Compass |
| Wednesday | Compass |
| Thursday | New Whittington & Hope Valley |
| Friday | LoundsleyGreen |
We have a main storage unit at Unit 3 Carrwood Road Industrial Estate, Chesterfield, which has been provided by Chesterfield Borough Council, Rent and Rate free to date. We collect donations from local supermarkets and their customers, taking them back to the warehouse for sorting and storage. We use a pre-packed model where Orders are assembled at the warehouse for delivery to the centres. There are clear guidelines of the pack content for 1 person, 2 people, 3-4 people and larger family packs 5/6 . The warehouse is also open on Tuesday, Thursday, and Friday morning for incoming donations.
The community continues to support the foodbank having donated 60,919.95 Kg of stock across the year worth £114,529.50 at the standard Trussell Trust value of £1.88/kg. This support was slightly up on the previous year when 57,694 Kg was donated. During this period 19733.17Kgs of food was purchased to fill gaps in stock to make up shortfalls due to reduction in physical donations and increased demand for the foodbanks services. The total stock of donations and purchased totalled 80,653.12 Kg; worth an estimated £151,627.90 at the standard TT value.
Food donations came from many sources but principally from:
Charities 8.26% Community Groups 2.65% Churches 10.77%
5
Schools 6.19% Supermarkets 28.47 % Individuals 7.14 %
Corporates/workplace 9.35 %
Staff
Following a structural review in January 2022
- 1 x Operations Manager (4[th] November 2019 to-date)
1 x Communications, Engagement & Funding Manager (appointed January 2022)
The Trustees restructured the management of the food bank in recognition of the increased work load. We now have an Operations Manager and a Communications , Engagement & Funding Manager; both on a two year contract ending in March 2024. This was facilitated by a grant of £14K as part of the TT Together for Change initiative. The Trustees are committed to continuing both posts going forward.
Volunteers
The number of volunteers has increased resulting in core rotating teams at centres, plus 4 additional ‘drivers’ collecting donations and delivering food parcels to client households & distribution centres.
The foodbank benefits greatly from the support of approx 130 volunteers, without whose goodwill the foodbank could not run. Each foodbank distribution centre is run by a volunteer centre manager and between 12-16 volunteers each, usually on a weekly, or bi-weekly rota system. Other volunteers (11) worked behind the scenes sorting food at the warehouse and there is a designated volunteer Warehouse Manager.
Achievements
The foodbank continued to meet the needs of local families having fulfilled 4490 vouchers, representing an increase of approximately 30% over the same period last year.
The 3-day emergency food parcels helped 10730 individuals; an increase of circa 29%, of these 3247 were for children 16 and under. Altogether this can be equated to 96,570 meals over the year Oct 2022 – Sept 2023.
6
Reasons for referrals Low Income significantly increased & made up over half of all referrals at 59% with Debt & Homelessness at circa 8% and benefit related at circa 10%. The drop in benefit related issues that can be attributed to the streamlined process to access Universal Credit during the pandemic.
CAB in- house Advisory Service
From August 2022 we were awarded £51,305 Grant from TT Together For Change : Financial Inclusion Funding enabling a specialist CAB adviser to be present at CFB distribution sessions offering direct advice to tackle all the clients issues that have led to their financial hardship.
The first Annual Report July 2023 demonstrated the significant impact of this initiative and that it would be well used going forward. In this first year 388 people accessed this service of whom 76% had a disability / long term health condition. 63% were Male, 81% aged 30-60 and 47% either couples or one parent families; 53% were single. Most had rent & council tax arrears & utilities issues. Most importantly 53% of people were estimated to no longer need to use the CBF after 3 weeks as a result of advise and support interventions.
Main partner referral Agencies.
| Referral Agency Name | Vouchers fulfilled |
Adults | Childre n |
Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| Chesterfield Citizens Advice | 1338 | 39.7% | 1838 | 67.2% | 896 | 32.8% | 2734 | |
| Derbyshire Recovery Partnership |
581 | 17.2% | 901 | 92.3% | 75 | 7.7% | 976 | |
| Pathways of Chesterfield | 454 | 13.5% | 531 | 81.1% | 124 | 18.9% | 655 | |
| CBC HousingManagement | 407 | 12.1% | 529 | 78.0% | 149 | 22.0% | 678 | |
| P3 | 216 | 6.4% | 257 | 92.1% | 22 | 7.9% | 279 | |
| National Probation Service (New) |
225 | 6.7% | 242 | 90.3% | 26 | 9.7% | 268 | |
| Derbyshire Unemployed Workers Centre |
217 | 6.4% | 310 | 79.7% | 79 | 20.3% | 389 | |
| Chesterfield Foodbank | 173 | 5.1% | 207 | 68.5% | 95 | 31.5% | 302 | |
| Ingeus | 138 | 4.1% | 153 | 100% | 0 | 0.00% | 153 | |
| Derbyshire RSAP plus Framework HA |
107 | 3.2% | 118 | 99.2% | 1 | 0.08% | 119 | |
| The Muslim Welfare Association Of Chesterfield |
115 | 3.4.5% | 127 | 44.8% | 156 | 55.1% | 283 |
7
| & North Derbyshire | |||||||
|---|---|---|---|---|---|---|---|
| HousingFirst | 95 | 2.8% | 101 | 81.5% | 23 | 18.5% | 124 |
| Derbyshire Healthcare NHS Trust |
99 | 2.9% | 94 | 83.9% | 18 | 116.% | 112 |
| P3 CharityTenancySupport | 80 | 2.4% | 82 | 88.2% | 11 | 0.41% | 93 |
| Children's Services Chesterfield Area Office |
78 | 2.3% | 92 | 47.0% | 100 | 52.1% | 192 |
| Total | 4409 | 100% | 6699 | 2699 | 9398 |
Chesterfield Citizens Advice Bureau (CAB) continued to be by far the most active referrer to the foodbank.
The pattern of the referrals has increased significantly. The number of referrals from agencies involved in homelessness and housing, Pathways, Housing First and P3 has remained high, accounting for a total of approximately 25% of referrals.
Website, E-vouchers & self -referral
We continue to promote the CFB through the website, Facebook and other social media; encouraging donations of food and money and generally raising the profile of CFB. This resulting in an increased number of followers: Facebook 1715, Twitter 356, LinkedIn 183, Instagram 559. Promoting urgently needed items helped many of our supporters to provide the specific items needed to replenish stocks.
E-referrals were adopted during COVID lockdown and further entrenched as best practice during the last year. There are still a few agencies using the RED Voucher paper system, just 4%; in most instances we will continue to support red vouchers when required.
Tesco Collection
CFB have a Christmas Tesco supermarket collection where shoppers are asked to buy one or more items from a shopping list, donating them on the way out of the store.
Thanks to an agreement between Trussell Trust and Tesco plc, a 3-day collection takes place each year in November / early December, this being a National date for the foodbank network. Each TT foodbank is also able to run two further collections on ad-hoc dates of their own choosing.
In 2022/23 we ran collections between Dec 1[st] -3rd Dec collecting 1,934.25 Kg of stock. Later in the year, we had a national Tesco Summer Collection over the period 20[th] June - 2[nd] July ’23 collecting 1120 kg
8
In addition to the food donated, Tesco also top up with a cash donation of 20% of the value of food collected, based on a set value of £1.88 / kg. This is collected by TT for all foodbanks and paid by them direct into the respective foodbank accounts, subject to a 15% admin charge.
Supermarket Permanent Collection Points (PCP)
We have continued to benefit from permanent collection points in several supermarkets. Warehouse volunteers collect from our PCP’s on a weekly or fortnightly rota. In addition to this, volunteers collected ad-hoc donations when needed, particularly at Christmas or Harvest Festival.
| estival. | |||
|---|---|---|---|
| Store | Weight (kg) | Value (£) | Top up (£) |
| Tesco Extra | 10,981.93 | 20,646.03 | 3,509.83 |
| Tesco Metro | 2560.9 | 4814.49 | 818.46 |
| Morrisons Staveley | 1638.35 | 3080.10 | |
| Morrisons Chesterfield | 3792.44 | 7129.79 | |
| ASDA | 904.15 | 1699.80 | |
| Baslow Spar | 1112.6 | 2091.69 |
Harvest
We benefited greatly from harvest collections from both schools and churches. The harvest collection runs from September to November and crosses our reporting period. We have split the collection accordingly and for the period 1[st] Oct 22 to 30 Sept 23 we collected 4727 Kg which equates to 8.19% of yearly stock donations. This was a slight increase in both quantity and % of stock on the previous year.
Purchasing Stock
The on- set of the national Cost of Living Crisis and the slowing down of stock Donations resulted in the need to purchase stock on a weekly basis, to the value of £35 K. Given our strong financial status it is anticipated that we will need to budget to purchase basic items to around £4000 per month going forward.
Total Distribution
Across all CFB distribution centres, including deliveries, CFB distributed 83,091.07 Kg of food and toiletries directly to clients. CFB distributed over 86,420.47kg of provision in the Chesterfield area to the value of £162,470.48.
Peak Oil partnership
CFB benefited enormously from the continued partnership with Peak Oil. Peak Oil continue to donate diesel for use in the foodbank van, approx £100 per month plus £50 per month by
9
Direct debt. This has been increasingly important due to increased donation collections, bulk purchasing and deliveries to clients.
Financial Donations
Financial donations dramatically increased in 2022/23; much of this attributed to the huge generosity of the local community. This, coupled with more direct methods of payment, in particular Just Giving has resulted in CFB ending the year in a healthy financial position. While the donations cannot be guaranteed going forward, they continue to flow in. Monetary donations & Grants amounting to £179,328 came from a variety of sources.
Gift Aid HMRC £8,278 Just Giving £16,643 PayPal £6,280 Direct Debit £35,600 Cash £5,628 Cheques £12,077
Other significant financial one-off donations came from :
Trussell Trust £44,306 + £13,540 Grants +£3,788 Foundation Derbyshire £ 5,500
10
Break down of accounts
| Expenditure | Expenditure | Expenditure | Unrestricted Funds £ |
Unrestricted Funds £ |
Restricted Funds £ |
Total | Total | |
|---|---|---|---|---|---|---|---|---|
| Staff Costs & Training | 48,315 | 48,315 | ||||||
| Vehicle Costs | 2,955 | 2,955 | ||||||
| Warehouse/pest control | 5,302 | 5,302 | ||||||
| Electricity,Gas & Water | 1,409 | 1,409 | ||||||
| Rent/Room hire | 6,192 | 6,192 | ||||||
| Accountant/Legal | 432 | 432 | ||||||
| Insurance | 1,103 | 1,103 | ||||||
| Subcontract costs | 44,516 | 44,516 | ||||||
| Office expenses | 3,582 | 3,582 | ||||||
| Mobilephones | 1,897 | 1,897 | ||||||
| Food/toiletries purchases |
35,358 | 35,358 | ||||||
| TOTAL | 105,010 | 149,369 | ||||||
| INCOME | Unrestricted Funds |
Restricted Funds |
TOTAL | |||||
| Appeals & Donations | 37,409 | 37,409 | ||||||
| Trusts & Foundations | 30,026 | 14,592 | ||||||
| Gift Aid | 8,278 | |||||||
| Grants | 20,306 | |||||||
| Grants(TT F Inclusion) | 44,516 | 44,516 | ||||||
| Grants ( TT Together for Change |
14,375 | 14,375 | ||||||
| Other Grants | 7,707 | 7,707 | ||||||
| TOTAL | £179,328 | 179,328 | ||||||
| Net Cash Flow | 37,939 | |||||||
| Closing Balance at bank | 150,646 | |||||||
| Reserved Funds | ||||||||
| Warehouse | 3,000 | 3,000 | ||||||
| Operational Reserves( 4 x monthlyrollingexpenses) |
41,267 | 41,267 | ||||||
| RESTRICTED | GRANTS 2022-23 | |||||||
| Amount £ | Received | From | For | Completed | ||||
| 14,375 | TT Together for Change | Salary2 daysper week | Ongoing | |||||
| 44,516 | TT Financial Inclusion Grant | CAB funding | On going to 2025 |
11
Reserve Policy
Purpose:
The purpose of the Operating Reserve Policy for Chesterfield Foodbank (CFB) is to ensure the stability of the mission, programs, employment, and ongoing operations of the organization. The Operating Reserve is intended to provide an internal source of funds for situations such as a sudden increase in expenses, one-time unbudgeted expenses, unanticipated loss in funding, or uninsured losses. The Reserve may also be used for one-time, non-recurring expenses that will build long-term capacity, such as staff development, research and development, or investment in infrastructure. Operating Reserves are not intended to replace a permanent loss of funds or eliminate an ongoing budget gap. It is the intention of CFB for Operating Reserves to be used and replenished within a reasonably short period of time. The Operating Reserve Policy will be implemented in concert with the other governance and financial polices of CFB and is intended to support the goals and strategies contained in these related policies and in strategic and operational plans.
Definitions and Goals:
The Operating Reserve Fund is defined as a designated fund set aside by action of the Trustees. The minimum amount to be designated as Operating Reserve will be established in an amount sufficient to maintain ongoing operations and programs for a set period of time, measured in months. The Operating Reserve serves a dynamic role and will be reviewed and adjusted in response to internal and external changes. The target minimum Operating Reserve Fund is equal to four months of average operating costs. The calculation of average monthly operating costs includes all recurring, predictable expenses such as salaries and benefits, occupancy, office, travel, program, and ongoing professional services. Depreciation, in-kind, and other non-cash expenses are not included in the calculation. The calculation of average monthly expenses also excludes some expenses examples are, one-time or unusual, capital purchases. The amount of the Operating Reserve Fund target minimum will be calculated each year after approval of the annual budget, reported to the Trustees and included in the regular financial reports.
Accounting for Reserves:
The Operating Reserve Fund will be recorded in the financial records as Trustee Designated Operating Reserve . The ORF will be funded and available in cash or cash equivalent funds. Operating Reserves will be commingled with the general cash and investment accounts of the organization.
Funding of Reserves:
The Operating Reserve Fund will be funded with surplus unrestricted operating funds. The Trustees may from time to time direct that a specific source of revenue be set aside for Operating Reserves. Examples may include one-time gifts or bequests, special grants, special appeals or one-off maintenance costs or location costs.
12
Use of Reserves: Use of the Operatlng Roser4ès requires three steps: l. Identlficatlon of approprlate use of reseDie funds. The Chair ofTrustees and staff will identlfy the need for access to reserve fund5 and confirm that the use is consistent with the purpose of the SerVeS as described In this Policy. This step requires analysis of the reason for the shortfall, the availability of any other sour¢e5 of funds before using reserves. and evaluation of the time perlod that the funds will be required and replenlshed. 2. Authorlty to use operating reserves Authority for use of Operdting Reserves is delegated to the Project cordInatOr in consultation with the Treasurer and Chair of Trustees. The use of Operating Reserves will be reported to the Trustee 8oard at their next scheduled meeting, accompanied by a description of the analysis and determination of the use of funds and plans for replenishment to restore the Operdting Reserve Fund to the tset minimum amount. The Project Co-ordinator must receive prior approval from the Executive Committee/Board of Directors if the Operdting Reserve5 will take longer than 12 months to replenish. Review of Policv This Policy will be reviewed every other year, at minimum, bythe Trustees or sooner if warranted by internal or external events or changes. Change5 to the Policy will be recommended by the Treasurer to the Board of Trustees . Report of the Trustees for the year ended Sept 2023 The trustees and committee present their report with the financial statements of the charity for the year ended September 30th 2023. The trustees and committee have adopted the provisions of Accounting and reporting by charities.. Statement of Recommended PrdCt?ce applicable in the UK and republie of Ireland IFRS1021 leffective l January 20151 iah MA Approved by order of the board of trustees and committee on signed on its behalf by: and Trustee halrman 13
Chariij. registration number.. 1174426 Chesterfield Food Bank Annual Rerx)rt and Financial StsLements ror ihe YrJr F.nded JO %LPIL'rnber 2023 4.CT. WAI.KF.R & CO. I.IMITF.D Thc CoaLh HousL 119 High Street. C.'he5terti¢ld $45 9D7.
Chesterfield Food Bank Contellts {continued) Reterence and Administrdiiie Details TTU5t¢¢s' Report Statement of'l rustee5' ResFoll5ibiliiie5 Indendent Examinerfs Rwrt Srat¢meni ol'Finan¢ial Aciii'iiies Bal(mL¢ 8h¥ei Noies 10 ihe l.'inancial Statements 7ID 15
Chesterfield Food Bank Reference and Administrative Details Chalrthan R'erend Daniel Bencdici C)ke Trustees Nls Penn!. Hargreai"es RCerLd Daniel Benedici c)ke Mr Alan Julian Ramso. Mrs Nicola Fletcher Mr John Bruce Roberts Mr JelTM' Pder Kitts Ms %arah Mcn71es Othtr Officers Mr Siuart AndMI' l-ille).. I rurer Charlt). Re£istratlon P4umb¢r 1174426 Principal Office Rci<id ]nd%la1 Estaic Lm%(Mxl RI1 Sh¢'phridg¢ C-hLicrlielJ 41 IX)11 Independent Examiner M.li. 'Aj.KI.'R & C(). I.IMI'I'I.'I) hL C ()aLh I 1191 ligh SITC. (.'h¢%lL'rlicld 545 gl)/. Page I
Cheslerlleld Food B&nk Stslemtnl of TSlee8, RpOnsibIlitI¢A The are P)nsi>1. ICK prerIng tho IruslLg' resN)ri tLnd . lintsncll S¢ulcments in s¢¢ordanL% with th¢ Ilniird Kingdom AcLM)uiinB SknLndthr(Ly ILlnii¢d Kin8di)ni Cicnmlly Acc¢pd AccounisTr8 Pr11¢¢} 4nd applicahle und rL'8ulthiiiinq. Th¢181Y apNi¢able ID charilic¥ reqiiires the t¥¢¢¢1 lo prepurc fJn&ncS0l yim¢meni.¥ for e2¢h fjnancial yew whith 8iie a irn¢ fuir i)I' thL %ithIL' iTrl' Jlljilrs iil-lllc Lhiiril) und (Il. IIK. ini()ming reIr¢0$ applicg1i(m nr rut$ of thc chBrily IOT ihai pcrlod. Ir PTepaTin8 Uicsc fiiianeial sis1¢ttl$. lh¢ tntytres art rtyuired ¢0: IL¥1 suiroblc a7ni1n8 rN)l¢iiL% and IliL'n Jpplv thL'm L()iisisLentJv' observe the tnethcth ind prinkiples in IhL' Churiliey %()RP- moktJudgettLiYJlS cstimaie$ 701 pr¢ r¢usonubl¢ and prud¢ni; 5Eulc whdh(Y upplicabl¥ 4ccounl)a8 glond4rds hfivL tollow¢d. Jubj¢¢t to w rnat¢rio1 dcrwnv¢J disilo>ed and ¢.¥plaIn in ihe fin¥ncial swt¢rn¢n15'. and prcpor¢ th¢ finThn¢iol sia¢orncnls on th¢ 80iiI8 wAc¢rn ba515 Ut)Ics8 11 is inapproprlty prC5 th thc ¢h&riiv %iill LYJniinuL in buxinL$. The MIrts 4Tf TrM$¢ble for keepit78 PToper aecounling record5 that discloge 'Ith rety)n4bl¢ 4¢curn¢v al •h) time the finanLial kX)siiioI) of the charil). llnd ¢iiabl¢ thctn lo cn¥urc that Uic financial 4ts1emenis comply wilh the Chariii¢s Aci 2011. the Lhgriiies IALcounts thnd ttL'wrisl IIc8ullltions 2008. und th¥ prgvijions of the CorlI1110n. The trus ar¢ a150 r¢sFx)n5ibl¢ for ¥ale8ullrding Ihe asse¢s of the eharity hence for tskin8 rvJbilTkJbl¢ stepb lor IliL' prvvemtion ¢JL'LIXLi()n c)I' i)IhLY iTr¢¥ulaiiti¢¥. The wuslees are ressx)nsible for th¢ maini¢nane¢ $ int¢grii>' of the corporaie and finarla1 inlorn&i in¢lud¢d 4)n lh¢ chiiriwblv tt>mpwiy'y IVLbsiie. l.L¥isldtivn ¥ui'LYnin¥ ihc pr¢wirniiun ynd Ji&¥¢minJ¢iiin of fbnth¢L81 S¢ai¢mcnts nily diff¢r Irom k8isl41ion in i)ther juri8diclions. v¢d by th¢ tN31tts 0(th¢ Ch1¢>. on 4 Lkc¢mE¢r 202.1 llnd siBnJ ott tts behotf by.. y P¢nny Hw¥r& Daniel E1cnl¢[ CLK>k¢ Chairnwi 4nd I'rwi¢¢ P•¥0 3
Chesterfield Food Bank
Independellt Examiner's Report to the trustees of Chesterfjeld Fid Bank
I rerM)n io the injsiees on mv c)MInall0n of accounts ot- ChcsLertield Fd Bank for the year ended 30
September 2023.
R¢sptsllslbllltles basb of port
As thL Lhariii irustccs ot Chcsicrtjeld Ffj Bank l'ou are reSSnsIble for the prcparaiion of (he aec4)unts in
accordanLe Mith the requirements ol-lhe Chariiies A 2011 i-the Aei-i.
I r¢p(irt in r¢sp¢LI ()fm) exarniniili()n Iifihe ChLsl¢rfield F(x)d Bank's aLxounts' Liirrieil ()ul uiideT SeLti(In 145 lif
IhL 2011 .4Lt and in Cam ing oui MY L.iamitiJ¢ii)n I hai L folli)i%t'4J Jll th¢ appliLablc DirL¢ii()n4 gii'¢n by ihe
Charii%' Commission undtr seLiion 14515Mbl ofihe Aa.
Independeni exAmintr'$ statemeDt
I havL cumplL'ILYi rn). examinaiion. I confirni ihai no maierial mailers haie come to my atiention in conneclion
wilh IhL iXiirninaiii)n ¥iving ML laus¢ ts) 1K'liL( thai in an! M#'r1#1 rL%tKxl.'
ULL(iunling reLX)r&s 'ere n(A kept in re.%rKci of C'hL%terfield Food B4hnk &% rwuired %eclion 130 ()f the
ALt: ()r
2. Ihe u¢Louni$ do kWLOTd with those records- or
3. IhL aLL
Chesterfield Food Bank Stalemellt of Financial Aetivities for the Year Ended 30 September 2023 Uttrtstrhtted funds Resirlrttd funds Total 2023 Note Income and Endowments from: Donations and ILgaLiL 107.936 71.391 179,327 Total ineome 107.936 71.391 179.327 Eipenditure on: ChariiablL a¥¢ii'itics 179.4971 177.4601 1156.9i71 T(>ial L.xrKrtdilur¢ {79.4971 177.46(11 1156.gi71 NLI in¥omLll¢.xp¢n4Jiiurcl ?8.439 10.0691 22.370 NL1 mi)I'imL'ni in I'Lind 211.439 6.06Y 22.-170 Recon¢ili*tion of funds 45.7.37 .1 (Ildl I'unil% LarriLd l(INard I I ¥.IIN2 IY.()6X Restrlcied funds l.'nresiritied funds TotAI 2022 Note In¢orne and EndowmeDts from: l)()naiii)n% and l¢ga¥i .1 i¥iJl inu)m¥ h.l(JO 64.477 1511.037 Ik6.160 64.477 151).637 xpenditure on: 1811.8721 1941.()121 .1 Olal LxrKndiiure IRII.%721 199.h121 income 5.?88 45.737 N¢t mnK'cm¢ni in fun(L¥ 5.288 45,737 51,025 R¢¢on¢illxtlon of fund$ 'l-olal I'iind5 hrDiiBhi l()rward 115.155 115.155 Total lund5 Larricd loTh?rd 911.441 All (if th¢ ¢hJril% s JLllfvlti¢s d¢rii¢ from roniinuing 0ratiOnS during th¢ thv¢ t%0 p¢riod5. "rhe lund5 breakdoi%m for 2U22 i5 5hou"n in note I l. Th¢ n(It¢5 pa¥es 7 t(1 15 fottn 4Ln integral part of th¢s¢ financial 5tal¢rn¢nts. Page 5
Chesterfield Food Bank Oiegistratioll llumber: 1174426) Balance Shee¢ 4s at 30 September 2023 2023 2022 Note Fixed assets l <in¥iblL usseis 14.598 19.464 C'urrent asset5 DLbior Cash ai bank and in hand 2.Og4 150.647 118.456 152.731 18.456 Credltors: Amounts fAlllttg d¥¢ wllhlkn one y¢# 10 18.7791 Net ourrtnt *ss¢¢s 143.VI52 116.716 Net 4SS¢ts 158.i5(1 ofthe ¢hArl¢y: R¢strl¢ttd In¢ome fvnds 39,6fy8 45.737 [Inr¢5trlet¢d Income funds IlnrLitriLtLd lund% 1111.11¥2 1).443 Total funds 158.551 'I'he linaniial sts¢¢m¢nis on pa8¢s 5 ¢() IS w¢r¢ ¥pprn)ved b). the vusie¢5. and authoris¢d for issue on 4 I)LLLmk.r 2023 dnd %i8ncd i)n thLir Eehalt'b).: Th¢ n(It¢5 pa¥es 7 t(1 15 fottn 4Ln int¢gral part of th¢s¢ financial 5tal¢rn¢nts. Page 6
Chesterfield Food Bank Notes to the Fillancial Statements for the Year Ellded 30 September 2023 l Accounting policies StAtement of ¢omplin¢e ThL linaniial staiLmLnts hai'e prepared in accordance ii'ith ihL second ediiion of the Charities StalLmieni ot RcL0mMLndLd PraciiLe iSSULd in octo 2019. Ihc Finaneial RerM)rting Sthndard appliLablc in the Llniicd Kingdorn and Republic ofirelarbd 11.'R¥ 1021 and the Chariiies Act 2011. Basls of preparitio ChL%lLrli¢ld l-cx)d Bank m¥L¢s ihL d¥linilii)n of a publi¢ Ixm¢lii ¢n¢i¢!' und¢r FR$ 102. 1-hL aL¥i)unis IfinanLial siatLniLnisl have bLn prcpar¢xl under th¢ hisiortcal cosi coni¢niion lth IrnS r¢¢o8nis¢d ai ¢osi or ir6nsa¢iion i'aluc unless othernlse siaied in the relei'ani noic(sl 10 Ihcse accounts. Goln% eontern 'I'hL Iru%lLL% Liin%idLr ihat there are n() maierial uncertainlies alK)Ut the LharitN's ability 1n11nUL &8 a goi1)£ Inrorne and endowThenls 'iilunlar¥' inLI)mL inLILidinb (kTrnations. 8iti%. Ic8aLiCS and 8rants thai pn)i'ide eorL fundints i)r aTL ()I' a tsLIiLrJl naluTL 1.% rL()¥ni%Ld %ihLM thL iharil). h&s LntitlLmLni Ihe inc(Trme. il is probatile the inuime ,111 he rLLLiiLxi ihi amiiunl Lan bL' mLu%urLd ivith bufliiiLI rnliabilil).. l)i)ndlll)ni Jnd IL'¥Jii¢ Jr¥ Mx)8nised on g r¢¢¢i%"abl¢ basis h¢Th r¥Y¢iEM is probJbli Jn(l th¢ amiiuni b¢ rLliubl%' mLUrCd. GrThnts recelvuble Cirant5 arc rLL(IBnixd %ihcn ihc charili has an cntitlcmcnt lo ihc funds and an) condi¢ion5 linkcd to ihL uranls hav¥ m¥1. W'hcrc p¢rf(TrmianLc Londi¢ion5 ar¢ atlaLhcd thc 8rani and arc %'¢¢ i(? bc IM¥L thL in¢()niL 15 reL()gni%ed a liabilit>" and inLlu(id c)n the b31anL sheei &% deferred inLX)me tt) he released. b.xpendlt¥r¢ AII LIPLnditure is recogni5ed once ih¢rt 15 a legal or constrUctie obligation io thal cxpcndilurc, il 15 probable ttlcmcnt is rcquircd and thc amouni ran be mwured r¢li?bl!. All costs aTe all?(¢d to U)c applicahle i'¥plnditu hi4Ldin8 Ihal agsr¢galL similar cos15 lo thai raii'g(In. Wh¢r¢ Tr5ts rjnniii bc ultrihut¢d Iii pIrt1u1r headin¥% theN hal'e en alli)caied ()n a hasi8 L(Insisieni 14.ith ihe u%e c>f re)urLS. iIILh Lentrdl %iatT Li)%ts allocaicd on ihL basis ol. iimc sni. and dcprcciaiion Lharges allocatcd on ihc portion ot. Ihc asset-s USC. Othcr suprort costs arc allocaicd bascd on thc sprcad ofsthlTcosls. Charliuble oi'llvliles C.hariiahle exndlIre Lompris¢% Ih()se costs inLurred h%" th¢ tharii}" in ihe deliiery" i)f iL8 adiwiiie% and %en'iLes li)r IL% beneliLiarie%. It inLlude% iK)th LM)si8 tha( tan all{ed dirttil) th such al1.111eS and ihi)se ()r an indirccl nalurc neces5aTr to SUPEK)rt them. GovernAnte tosts I'h¢s¢ inLlud¢ ih¢ cost5 ?¢tributable IiTr th¢ charits""s roThpliancr iiith ciTrns1ilutioTral and 5tatutor)" quIT¢m¢rtts. inLluding audii. %irniegiL managemeni and tru%iees meetin4% and reimbur%ed expenses. Page 7
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) Covernment gr#nt$ G(iiemrnent grnnts are rec(Igni5ed based on the accrual Th(NJel and aTe tneasured ar the faiT N'alue of the <sel TeLeiied ()r reL¢ii'ahle. CiranL% are Ll%4ifi¢d &% l311ng ¢ith'. lh¢ Lharilj Is ry>lLniiall> LKL'mpi Irom iaxaiion in re¥LYi ol. income or capi1 gains reLciied wiihin Lalcg)oriLs Ll)I'LrLd h). C'haptLr 3 1)an I l ol. IhL c.i1r7rdLiLTrn 'l-a¥ ALI 2(blU ()r 'ClIn 256 (If ihc l-axatlDn ol- L'har8Lable (rlin$ ALI I()92. 11) the ¢.¥ltni thai 5ULh inLwme or gain5 art applied exclu5ii'¢ly charitsble puryx15eS. Tangible fixed 55ets IndIlJU1 IIxLd dssL4lS ¢cisiin8 £U.00 or mL)r¥ ar¢ iniiialli. r¢wrd¢4 ai ¢osL less gn). subs¢qu¥nt aumulat¥d dLprLLiJiiun and sub5C4ucni JLLUMulad impainncni 10sSts. Depre¢ltlon mortls•¢lo l)LprLiiaiii)n 1% pnii idLYJ iin IgIlL fixLYI li[5 8$ t(Tr i4Tili iilT th¢ wsl (Jr i'41lu&tii)n, less any L81imatLd r¥4idual idluL, I)I'Lr ¢h¥ir cxrK¢¢Ld u%lul LxM)rM)miL lifc as folloi4'%'. A5Stt rla55 Mi)ti)r V'L,hiLILS Deprtcl*llon method and rAte 5 %Ldrs %ifJib)hi linL Trade debtors 'I'r&idL' dL'hiiir% drL' amounLs duL from LUStomLrs for m¢handIsL. sold or x'rkiLL PLrform¢d in ihL IITdinJry LX)ufsL Ill'bu1nLs5. "I'rudi dLbior5 arc rccogniscd inilialli ai ihc irnnmrtion pricc. 'll)th arc sub5cqu¢n¢l>" mLasurL'd al omoriisl CITr¢ %inB IhL' L'fYL'LtIVL' iniL'fL%i mLlthcxl, IL$ pr()i-isi()n r()r impdimiLllL. A pnTri'j%L(Trn flir LhL impdimiLni i)f Irdd¢ dLbti)r% is L%tahli%hLd i%hLm (hLrL Is i)hjLLIII'L c%'1dLce ihai the chariii. iiill noi able (O LolleLL all ami)unt% due aLLording liTr Ihe original lem15 01.the receialeS. Cash cish equlvglents C'ash and cash cquii'al¢nts compTiS¢ cash on hand and rall dew7. and othrr 5hort-temi liighls. liquid invL'%tmLni% thdt dfL' rL'adili" L(Invertible ii) dmi>uni of L&sh and subjeci ith an in%i¥nifiLanl ri%k iir Lhan8e in Traluc. Page 8
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) Btsrrowings Inter¢st-beaTing rrO.1gS iniiiall!" recorded at fair i'alue. net of tTansaLtion costs.. InteTeSl-karing IK)rri)Iving4 are %ub%eyuenil) LaTried ai #tn()rti%ed th)%1. iiith the LliffererJc¢ 11%¢¢ the PnKe¢ds. nel i)f itan%aLlion ¥()%i%. and the amouthl due i)n redempiioth ]rt8 re¢ognised as a ¢hgrg¢ io th¢ Ststemeni ol. Financial ALtil'l(ILS OVLr thL PLriod ol-IhL fL'lL.ant MillIng. Interest expense 15 recogni5ed on ihe basis of the efTeclii'e iniere51 and is included in inleTesl pa>'able artd 8imilar Lharg¢s. Borrow'in8s are Llassilied as eurreni liabiliiies unless ihe Charl has an uncondiiional ri8ht to deter setllemenl ot Ihe liabiliiN lor al least iwel%'e moThihs after the rewrting dale. Fund structure Ilnr¥%triitLd inicjmc funLl% arc gcn¢ral funds ihai arc ai'ailablc for usc ai thc trusices discrciion in turtheraJ)Le ot lh¢ i)bj¥itiv¢s ol'ih¢ ¢hariii'. I)IsignJii liinds ar¢. kinr¢[rilI¢U funds sth &si(k. for $r1r1¢ purrK)s¢s ai ihc di5¢rn4ii)n ofihL Irus(¢c%. R¥%iri¥l¢J inLom¥ lund% ar¢ thos¢ JonJi¢d li)r use in a parni¥ular ar¢a or lor 5xit1 purFM)ses. (h¥ us¢ 01.h1¥h 1% rLStriLILd ti) thul arL'J L)r purrA)SL'. Flnartelthl Ins¢rnmtn¢$ l.'inJnLidl linancial liabiliii¢s ar¢ r¢¢ognivd th¢ ¢h8rii>' a party th ¢h¢ ¢i)nira¢LUdl pri)visii)ni c)I'thL in%trumLni. 'inanLial liahilitics and iquitv instrumcnLs arc clas51fil aLxM)rding thc subslanLL ()r thL LiinlraLlual urrangLmLnLg LntLrcd ini(i. An cquii%" in51Nmcni 15 an! conirnci ¢hat th'idcn¢cs a rcsidual inicrcsl in ihu ol- Ihc ¢hari¢y aftcr d¢du¢¢in8 011 ofits liabilili¢s. All lin&inLial a%%L•l% and liJbiliiiL% arL' iniiiall) mL'J%UTLMI ai iran%aLl14)n priLe linLluding tranL(li)n Lii%l%l. L.XLLPt Ii)r thE)%L linaniial assLls classiliLd al lair ialuL ihr()ugh pr¢)lil or loss. i%hiLh aTL initiall) mLusurLYl ai lair aluc (which 15 normally the Iran5aLlion prire cNcluding ¢ran5aclion c05ts1. unlc55 thc aangeMe11L ci)i)slilutLS a linan¢ing Ir3n5a¢lion. If an arrangcm¢nt Ix)n51ilu¢¢5 a financing Ifdn5aclion. Ihc tinancial assct or linancial IiiLbilii is mLasurLxl at ¢h¢ pr¥nI iJlv¢ of th¢ fvlur¢ wai"mcnts disrouniLd at J mwkrf rdlL of inicr¢'%t fi)r a similar dcbi instrumcnl. l.'inancial u55ets and liabilities aT¢ onli. otTscl in iht 51alalltnt of financial 51¢10 iwhen. and onlN ivhcn ihcr¢ e¥is15 a l¢gallv ¢nfoTL¢abl¢ righ¢ io srt otT th¢ )gls¢{l amounts and the rhaTiI)' in¢¢rtds either 10 5¢til¢ a nel ba%1%. or tc) reali%e Ihe asset and %eiile the liabiliti- simulne[)%]1'. Financial as5¢ts are derccogn1d 'he and onlv al the contractual rights the Ggsh flom's from the linanrial ass¢t eipir¢ or are %¢tl¢d. bl the charit)" trJn5fers ¢0 anoiheT part! 5ubstsnliallN' all ol- the ri5k"s and r¢ivJrds (If oli<r3hip of th¢ financial a55el. or cl th¢ rhaTiI!. d¢spi¢¢ hai?ing Some. bui n(It (ill, sioniliLant risk% and rewwds ofommership. has transferred th)ntrol ofthe asset Lo ani)(her partv. Financial liabilitie5 are derecogni5ed onl). Hth¢n th¢ obligation 5pecLfied in the contrdct 15 discharged. cancelled or ¢xpir¢5. Page 9
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) Dehi in.%lrumvnlT Debt in5trumcnis i%'hich med the following conditions are subsequentlv measured at amort15ed cost using the eff¥clive int¢re5t meih(Id.. (al The coniractual return to the holder is lil a fixed amount- lill a rxTrsiiive fixed ratr or a fM)Si(ii'e variable rdte.. or liiil a combination of a SItI%.e or a negaiiie fixed rdtr ar a rA>sitii'e N'ariable ra. Ibl Th¢ LiiDlraLt mu). pr(}ide fi)r r¢paiJn¢vl¥ i)f th¢ prinLipal (?r th< r¢lurn th¢ IH)Id¢r Ibul n(ii Ixiihl li) linked ti) a singll rLl¢iani ob_%Lnablc indlx of g¢neral pri¢c inflJ¢ion of the ¢urr¢nc%' in i¥hich ihc debi instrumcn¢ is dLnominati proi id¢'d sll¥h links ar¢ noi leil8¢d. ILI The Lx)ntraLI mav pr()i'ide for a determinable varialim ()r the relurn th the h()Ider during the life ()f the in%tnirn¢nt. pr()1 thai lil thL' rail. 11$111.$ ii)ndition lai and ihL iariali(In i4 ni)1 uinlin¥Lnl i)n lulure ¢rtts c)Ihir (han I I l a ihangL ol'a Lx)nty#Llual i'tyriJbl¢ rai¢: 1211ts pr()lixt htsldLr against LrL'dit LIL4Lrii)ratii)n ol'ihe issuer; 131 Lhanges in lei'ies applied b%. a central bank or arising fmm changes in relelani taxaiion or laKI': or lill the nem. rate 15 8 markei rnie of inieresi and saii5fies condiiion 181. Idl'l'hLrL 1% ni) Liinirnltual pro%'isii)n thai L(iuld. by ils ILYMS. r11 in thL' holdcT losing thL PTin¢ipal amouni or an} iniLr¢%i ai¢ribuiabl¢ 10 lh¢ ¥urr¢ni p¢riod or prior p¢riods. ILI C'()niraLiuJI pri)%'i.si()n% ihai pennii IhL ikwcr io prcpa!. a debt insirumcni or PLrnlii ihc hi)IdLr iii pul li baLk IhL i%%uLr bLli)rL maiurit) arL not LxJntingLmi futUTL ¢ILnls. o¢hLr ihar) ¢() pr()ILi thL lii)IdLr Jguin41 11)L irLdit d¢liric)rdiii)n c)I' ¢h¥ issuLr OT a LhJngL in L()n¢n)I i)I' Ihl iSSiILT. (Jr prtilLYl th¢ h()Id¢r or issuLr aguinst Lhangus in l¥vi¥% appliLxl bv a ix'n¢ral bank or Jri%in8 from iban4 in r¢l¢%'ani i)r lai¥. 11) C'i>nlraLtual pnivi%iiins ma)- rrnI11 thL L'¥ILmSLI)n cJfihL ILrnI l)rthL dL.hi in%irumLnl. PT£)i'iJLd thai IhL fLtui ti) thL hiildLr and ani ()thLr i()nirJLtuJl pr()1 isii)ns JppliLablc during ihL LxILndLd icnn sali%fN thL Liindiliiin4 iir pAragraph% IA) io (¢1. l)L.hi in.%irumL'ni% thdi dre LlJ%%ified pa%'dble É)r reLei%-JhlL 14-ithin c)ne i)n iniiial reLI)8niLii)n and hILh mLLt Ihi alx)VC Londilion8 arc measured at the undiscouThied amounl ofihe cash or other Lonsideralion CXPLXiLd to FK" paid or rlxeivcd. nLi ol'impairrnLni. Wilh the exLepiii)n 4)f some h¢dging inmrnments. c)th¢r instruments not meeting IhLY Ll)nditinn% ar¢ ML'&%urL ai fdir %'alue thr(iu8h pn)fii or Ioss. Commitmcnt5 to makc and receii'e loans which med the condilions menlioned aEoN"e are rneasuTed al c05t liyhich ma) be nil) Iw impaimitrii. Inve51mvnts Inie%imenis in non-Loniertible preference shares and non-puLtsble ordinan. or preference shares Iii'here sharcs arL piibliLl% tradLd or thcir lair Nalue is rcliabli mSrable> are mtrasurcd ai lair i'alue Ihrou8h prolil or li)55. Wh¢re fair 'alue cannot be MUred reliably. in'C$1Ments are m¢a5ured at Cost les5 impairmenl. Ini'e%imeni% in .%ub%ididrie% and &sxKiai¢s ar¢ md di eosi le% impaimieni. For irti'estm¢nL% in sub%ididries acquirL tor considLration inLludin8 the 1C of sharcs qualif!'in8 for mer8cr relicf. eosi is mcasurcd hy rclerence to the nominal I'alue of Ihe shares issued plus fair i'alue of oiher eonsidcraiion. Ani. premium is ignored. Page 10
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) DeT/vulivefiniin£'ial in.¥lrunwnts .1 he charitv uses derIali.e linancial inslruments Teduce ¢IsUre to foreign exchange risk and interest rate moi'¢rnent5'. Th¢ Lhariti (k)e5 noi hold or Jerii"alii'e finanLial iTr51rurnenLS f(IT %LU7all'e purtK)%es. Derivatives are iniiiallv rtto8nised * fair value ai the da* a derli.atle conirdct is eniered inth and are subsequentli. remeasured to iheir fair i'alue at each rertIng dale. 'lthe resulting gain or loss Is recognised in statement L)f finanLial actii iiies immediaieli unless ihe derii'aliie is designatLd and etTectii'e a5 a he(Iging in%trutn¢nL in i4hiih ¢%¢Di th¢ titning ()r th¢ rttM)¥nitii)n in 5ttsieJneDI rInanL1 aLlii'itie5 d¢ptn(Js (In th¢ naiurc ot'th¢ hcdgc rclaiionship. Falr vNlue meo.¥llTemenl 'I'he besi ei'idLnce ot lair value is a quoted priee for an idenlical assa in an aciii'c marker. When quoled priLes url unavuilablL. thL' priLe ol-a reLeni trdnsaLli(In lor an i4.n(lCal a&sLI pMld¢S Li'idLnLe (If fair i'aluL' loiig as th¢re htL% n(It b¢en a signiliLunt Lknn%¢ in c)1}miL LirLum51wiL<% (IT u signiliLunt liip%e ill- lim< %inL¢ th¢ IransJ¥iion ti)ok pla¥¢. It. IhL marke¢ is noi aali'¢ and irans)¢iions ol'an id¢niiial assth on (heli on arc noi a 8ood estimalc ol-tair Tralue. Ihe fair value is esiimaicd b). using a valuaiion iechniquc. 2 Income from donation5 and legxtits Unresiritttd funds General Rtslritted funds Tolal fund l)(Inuiions und ILgaLiL%: l)()ndiii)n% fr()m Indi-idllUls Ctranl.%. inLludins LapitJl 8ran (ii)ILrnmLnt grants (iranLg fri)m (i¢h¥r ihari¢i¢s 87.630 87.630 ?.ooo 2.non 89.()l17 Toial for 2023 IU7.936 17Y..127 Tolal for 2022 ¥6.11)0 64.477 I %0.(737 3 Analy515 of governance gnd support Costs Governanot tosts Llnrcslricltd funds Gentrgl Total funds Othcr goi'crnancc costs 1.937 1.932 TotAI for 2023 1.932 1.932 Total for 2022 614 624 Page 11
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) 4 Trustees remuDeratlOn aDd expeDses No trustee5. nor ani persons connected i%ith them. hai'e receii'ed an). remuneration from the charity. during the Yr. Ni) trw%te¢s hae Teceived an) reimbur%ed e.tt$¢% or an). other ne(iL$ from the charilv during the Near. S Staff eosts 'I'he aggregate payroll cosis were as follo= The mLinthl)' averngc number of pLYs()ns (including Sl0r mandgLyncnt / l¢ad<rship leAIT)l empl()ycd by ih¢ charity during thc year Lxprlwd as full iimc ¢quiialcnts lias as folloM'$: 2023 2022 '.mpl()y¢cs Ni) ¥mplo%e¢ rn*Liv¢d ¢molum¢nis ofnM)r¢ than £60.0(M) durin8 th¢ i¢ar 'I'hL Uiiul LrnpI(i)LX bL'nLfiLs 4)fihL' kL) m4UW8LynLnt rK'N)nncl L)fthL charil), IVL'rL £48.31612022. £39.3161. Page 12
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) 6 Taxation '] he charity is a registered charit). and is therefore exempt from tatiOn. 7 Tangible fixed assets Motor vthltles Total Co$1 At l October 2022 ?4.330 24.330 At 30 September 2023 ?4.330 24.330 D¢preelitloD 4.86 4.86 C'hargL li)r IhL 4.R()6 At Jll SLplLmbLY 2023 9.732 9,732 Nel book value At 311 %LplLnibLr 2023 14.598 14.598 At 311 SLplLmbLr 2022 19.464 IY.4(?4 8 Debtors 2023 ()thLr LILbiors 2.11114 9 C45h And cAsh equivalents 2023 2022 C.'ash at bank 150.647 118.456 10 CreditOT5: amoun(s falling due within one year 2023 2022 Othir ¥aLlon and sorial sccurity" Other Lrediii)r 7?3 -05h 1.740 8.77Y 1.740 Page 13
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) I l Funds Balance At 30 Sept¢mb¢r 21123 Blance at I Oetober 2022 Re50urc¢5 expendtd resourtes Ilnre5tricted funds Creneral 7¥.443 103.070 174.6311 1(]6.8¥2 DLsignaiLxl Total unresirltted funds 90.443 103,070 174.6311 118.882 Restricted funds 45.737 71.391 177.4601 39.668 Toial funds 136.180 174.461 1152.091 BAlfin¢t 8130 September 21122 Bl*n¢e #t I October 2021 In¢omln2 resources Resources expended Ilnre5tricted funds (liLr81 73.155 74.099 168.11111 78.44.1 l)LS18n4LILid 12.IKH) Total unrestrlcttd fvnds 85.155 74.¢W9 16¥.8111 90.443 Restrlcttd fvnds (A.477 45.737 TotAI funds 85.15S 138.576 187.5511 136.180 12 Anxlysls of net assets bttwetn funds Vthr¢51rl¢tcd fund5 General I'oi¥l futrJd5 ¥t 30 September 2023 Restricted funds .1 angTble fixed a55ets (.Urn1 iL5b¢lb Current liabilitie 14.598 113.060 18.0561 14.598 152.731 18.0561 39.671 Total nLi assets 119.602 39.671 159.27.1 Page 14
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) Uthrtsirlettd funds GenerAI Toil funds t 30 September 2022 Restri¢ted rullds T<ingible fi¥ed a55¢ts CurrL'ni C urreni liabiliiies 19.464 72.719 11.7401 19,464 118.456 11.7401 45.737 Total nei assets 9(1.443 45.737 13 Analys15 of net fund5 At30 S¢ptemb¢r 2023 A¢ l O¢tob¢r 2022 Fln•tt¢lng ¢gsb flows C'th4h ul bank. and in hund l)Lbi du¥ within onL JLar 118.456 11.7401 32.190 16.3161 150.646 25.874 At30 September 2022 At l October 2021 -in#n¢ing c95h flow5 C'agh ai hank. and in hand l)L,hi duL' w-ithin i)nc JL'dr XI.21K 1.3 ?401 37.256 77.Yfrfl 38.75fy 110.71fi Page li
Chesterfield Food Bank Statement of Financial Aetii'ities b). fund for the Year Ended 30 September 2023 Total Totxl Unrestricted Unrestricted Funds Funds 2023 2022 In¢orne and F.ndowments from: l)onaiions and ILgaLie5 107.936 6.160 '] otal income 107,936 86.16(1 Expenditure on: Churitable actii'ities 179.4971 18V,8721 T(Ital expenditure 179.4971 180.8721 incom¢ 2¥.4.39 5.21111 Net m()vemLni in lunds 28.439 5.288 Recontilixtion of fundj .1 oial I'und% bri)ughi li)nior 90.443 'I'c¥ial I'unds Lurrieil lorward Yl).44.1 This page does no¢ fortn pJtl of th¢ 51dlulot> finanrial tsi¢rn¢nts. Pa2e 16
Chesterfield Food Bank Statement of Financial Aetii'ities b). fund for the Year Ended 30 September 2023 {continued) Total Restricted Funds 2023 Total Restrirted 2022 Income and Endowmettts from: Di)naiic)rts and ILgJiie% 71.391 64.477 Toial in¢om¢ 71.391 64,477 Ependiture on: 177.4601 118,7401 Toial Lxwndiiure 177.J601 NLX IixpLnditurLYincome 16.0691 45.737 NLi m()I'LmLnl irt lun¢J% 16.0691 45.737 R¢¢on¢lll4tlon of 45.737 .1 ()lal I'unil% LarriLd l(In%ard 39.ohll 45.737 This page does no¢ fortn pJtl of th¢ 51dlulot> finanrial tsi¢rn¢nts. Pa2e 17
Chesterfield Food Bank Detailed Statement of Fillancial Actii'ities for the Year Ended 30 September 2023 Tot#] 2023 Ttstxl 2022 Income and Endowments from: Donations and ILgaLIL lanali SLd below) 179.327 150,637 Total ineome 179.327 150.637 Eipenditure on: ChariiablL a¥¢ii'itics ianal%'s¢d iw]0.) 1156.9571 199,6121 T(>ial L.xrKrtdilure 1156.9571 199.6121 NLI iniY)m¢ 22.370 51.02) NL1 mi)I'imL'ni in fLind 22.370 51.025 Recon¢ili*tion of funds 1.36.18n 85.155 .1 (Ildl I'unil% LarriLd l(INard 1511.55D This page does no¢ fortn pJtl of th¢ 51Jlulot> finanrial tsi¢rn¢nts. Pa2e 18
Chesterfield Food Bank Detailed Statement of Fillancial Actii'ities for the Year Ended 30 September 2023 {continued) Total 21123 Total 2022 Donations andlegacies Ap11.% £k)naii()n% Gifrl Aid ia.¥ rL'LlaimLsd .1 rust5 and l(iundations IJK Cil)NLrnmenl grwits IJK CiOILrnmLni grants Crranis- oiher agLnLies tirunt5- oihLr u8L'nciLs CrrunL%- ()thi'r agLncies Cirants- i)th¢r aginii¢s Cirants- i)Iher agenLies (rrunL% i)thL'r a8LnLILS (rrunL%- (JthLr agLr)cics 79.241 8.389 37.40Y 6.470 -10.02() 2.000 56.770 7,707 7.000 5.000 S(K) 12..175 44.516 ?0.306 179.327 150.637 Churliuhle acllvlrle% lJurLh&%L'S l)urLh&%LS l>urLhJ%Ls Sundr%. ¢xp¢nses l)LwfL'LiJiic>n i)fm£)ti>r i LhiLIL'. IPr(Itii>'li)%s ()n di5P05al ol'tangiblc fixcd asscts Prort repair5 15.IlUOI 120.8581 18301 14.1$661 15.9431 14.8(70l 13.2951 112.6401 16.11181 Ifi.5971 WagL5 4ind %alariL WagL5 and 5alarics Stal'f nsIonS Iikfin¢d roniributionl- pension xhth)¢ I SubL'É)ntraLI Lx)%i 139,3101 19301 133.0991 SubL'ontraLI Lost StalTtraining '(Ilurttr¢r ¢XkWS¢5 Reni 12.3171 14311 16.Ig21 14191 11.2921 14.7861 Watcr ratc5 LighL h¢at and power InbuT¢inL¢ Equiprncnt repairs and Tenewa15 'I"elephone and fax OtTiiY ¢¥rrtn5 1964} 13.2221 11.8971 11.0551 13.5861 This page does no¢ fortn pJtl of th¢ 51dlulot> finanrial tsi¢rn¢nts. Pa2e 19
Chesterfield Food Bank Detailed Statement of Fillancial Actii'ities for the Year Ended 30 September 2023 {continued) Total 21123 Total 2022 PTiniin8. Ix)sia8e and sia¢ionery SLindr) cxpcnses Motor e¥pense5 TTthde 5ubsLriptii)ns Ai¢ourttan¥v tix 11.7591 12.9561 12211 12.9211 16241 1156.Y571 Igg.6121 This page does no¢ fortn pJtl of th¢ 5tJlulot> finanrial tsi¢rn¢nts. Pa2e 20
Chariij. registration number.. 1174426 Chesterfield Food Bank Annual Rerx)rt and Financial StsLements ror ihe YrJr F.nded JO %LPIL'rnber 2023 4.CT. WAI.KF.R & CO. I.IMITF.D Thc CoaLh HousL 119 High Street. C.'he5terti¢ld $45 9D7.
Chesterfield Food Bank Contellts {continued) Reterence and Administrdiiie Details TTU5t¢¢s' Report Statement of'l rustee5' ResFoll5ibiliiie5 Indendent Examinerfs Rwrt Srat¢meni ol'Finan¢ial Aciii'iiies Bal(mL¢ 8h¥ei Noies 10 ihe l.'inancial Statements 7ID 15
Chesterfield Food Bank Reference and Administrative Details Chalrthan R'erend Daniel Bencdici C)ke Trustees Nls Penn!. Hargreai"es RCerLd Daniel Benedici c)ke Mr Alan Julian Ramso. Mrs Nicola Fletcher Mr John Bruce Roberts Mr JelTM' Pder Kitts Ms %arah Mcn71es Othtr Officers Mr Siuart AndMI' l-ille).. I rurer Charlt). Re£istratlon P4umb¢r 1174426 Principal Office Rci<id ]nd%la1 Estaic Lm%(Mxl RI1 Sh¢'phridg¢ C-hLicrlielJ 41 IX)11 Independent Examiner M.li. 'Aj.KI.'R & C(). I.IMI'I'I.'I) hL C ()aLh I 1191 ligh SITC. (.'h¢%lL'rlicld 545 gl)/. Page I
Cheslerlleld Food B&nk Stslemtnl of TSlee8, RpOnsibIlitI¢A The are P)nsi>1. ICK prerIng tho IruslLg' resN)ri tLnd . lintsncll S¢ulcments in s¢¢ordanL% with th¢ Ilniird Kingdom AcLM)uiinB SknLndthr(Ly ILlnii¢d Kin8di)ni Cicnmlly Acc¢pd AccounisTr8 Pr11¢¢} 4nd applicahle und rL'8ulthiiiinq. Th¢181Y apNi¢able ID charilic¥ reqiiires the t¥¢¢¢1 lo prepurc fJn&ncS0l yim¢meni.¥ for e2¢h fjnancial yew whith 8iie a irn¢ fuir i)I' thL %ithIL' iTrl' Jlljilrs iil-lllc Lhiiril) und (Il. IIK. ini()ming reIr¢0$ applicg1i(m nr rut$ of thc chBrily IOT ihai pcrlod. Ir PTepaTin8 Uicsc fiiianeial sis1¢ttl$. lh¢ tntytres art rtyuired ¢0: IL¥1 suiroblc a7ni1n8 rN)l¢iiL% and IliL'n Jpplv thL'm L()iisisLentJv' observe the tnethcth ind prinkiples in IhL' Churiliey %()RP- moktJudgettLiYJlS cstimaie$ 701 pr¢ r¢usonubl¢ and prud¢ni; 5Eulc whdh(Y upplicabl¥ 4ccounl)a8 glond4rds hfivL tollow¢d. Jubj¢¢t to w rnat¢rio1 dcrwnv¢J disilo>ed and ¢.¥plaIn in ihe fin¥ncial swt¢rn¢n15'. and prcpor¢ th¢ finThn¢iol sia¢orncnls on th¢ 80iiI8 wAc¢rn ba515 Ut)Ics8 11 is inapproprlty prC5 th thc ¢h&riiv %iill LYJniinuL in buxinL$. The MIrts 4Tf TrM$¢ble for keepit78 PToper aecounling record5 that discloge 'Ith rety)n4bl¢ 4¢curn¢v al •h) time the finanLial kX)siiioI) of the charil). llnd ¢iiabl¢ thctn lo cn¥urc that Uic financial 4ts1emenis comply wilh the Chariii¢s Aci 2011. the Lhgriiies IALcounts thnd ttL'wrisl IIc8ullltions 2008. und th¥ prgvijions of the CorlI1110n. The trus ar¢ a150 r¢sFx)n5ibl¢ for ¥ale8ullrding Ihe asse¢s of the eharity hence for tskin8 rvJbilTkJbl¢ stepb lor IliL' prvvemtion ¢JL'LIXLi()n c)I' i)IhLY iTr¢¥ulaiiti¢¥. The wuslees are ressx)nsible for th¢ maini¢nane¢ $ int¢grii>' of the corporaie and finarla1 inlorn&i in¢lud¢d 4)n lh¢ chiiriwblv tt>mpwiy'y IVLbsiie. l.L¥isldtivn ¥ui'LYnin¥ ihc pr¢wirniiun ynd Ji&¥¢minJ¢iiin of fbnth¢L81 S¢ai¢mcnts nily diff¢r Irom k8isl41ion in i)ther juri8diclions. v¢d by th¢ tN31tts 0(th¢ Ch1¢>. on 4 Lkc¢mE¢r 202.1 llnd siBnJ ott tts behotf by.. y P¢nny Hw¥r& Daniel E1cnl¢[ CLK>k¢ Chairnwi 4nd I'rwi¢¢ P•¥0 3
Chesterfield Food Bank
Independellt Examiner's Report to the trustees of Chesterfjeld Fid Bank
I rerM)n io the injsiees on mv c)MInall0n of accounts ot- ChcsLertield Fd Bank for the year ended 30
September 2023.
R¢sptsllslbllltles basb of port
As thL Lhariii irustccs ot Chcsicrtjeld Ffj Bank l'ou are reSSnsIble for the prcparaiion of (he aec4)unts in
accordanLe Mith the requirements ol-lhe Chariiies A 2011 i-the Aei-i.
I r¢p(irt in r¢sp¢LI ()fm) exarniniili()n Iifihe ChLsl¢rfield F(x)d Bank's aLxounts' Liirrieil ()ul uiideT SeLti(In 145 lif
IhL 2011 .4Lt and in Cam ing oui MY L.iamitiJ¢ii)n I hai L folli)i%t'4J Jll th¢ appliLablc DirL¢ii()n4 gii'¢n by ihe
Charii%' Commission undtr seLiion 14515Mbl ofihe Aa.
Independeni exAmintr'$ statemeDt
I havL cumplL'ILYi rn). examinaiion. I confirni ihai no maierial mailers haie come to my atiention in conneclion
wilh IhL iXiirninaiii)n ¥iving ML laus¢ ts) 1K'liL( thai in an! M#'r1#1 rL%tKxl.'
ULL(iunling reLX)r&s 'ere n(A kept in re.%rKci of C'hL%terfield Food B4hnk &% rwuired %eclion 130 ()f the
ALt: ()r
2. Ihe u¢Louni$ do kWLOTd with those records- or
3. IhL aLL
Chesterfield Food Bank Stalemellt of Financial Aetivities for the Year Ended 30 September 2023 Uttrtstrhtted funds Resirlrttd funds Total 2023 Note Income and Endowments from: Donations and ILgaLiL 107.936 71.391 179,327 Total ineome 107.936 71.391 179.327 Eipenditure on: ChariiablL a¥¢ii'itics 179.4971 177.4601 1156.9i71 T(>ial L.xrKrtdilur¢ {79.4971 177.46(11 1156.gi71 NLI in¥omLll¢.xp¢n4Jiiurcl ?8.439 10.0691 22.370 NL1 mi)I'imL'ni in I'Lind 211.439 6.06Y 22.-170 Recon¢ili*tion of funds 45.7.37 .1 (Ildl I'unil% LarriLd l(INard I I ¥.IIN2 IY.()6X Restrlcied funds l.'nresiritied funds TotAI 2022 Note In¢orne and EndowmeDts from: l)()naiii)n% and l¢ga¥i .1 i¥iJl inu)m¥ h.l(JO 64.477 1511.037 Ik6.160 64.477 151).637 xpenditure on: 1811.8721 1941.()121 .1 Olal LxrKndiiure IRII.%721 199.h121 income 5.?88 45.737 N¢t mnK'cm¢ni in fun(L¥ 5.288 45,737 51,025 R¢¢on¢illxtlon of fund$ 'l-olal I'iind5 hrDiiBhi l()rward 115.155 115.155 Total lund5 Larricd loTh?rd 911.441 All (if th¢ ¢hJril% s JLllfvlti¢s d¢rii¢ from roniinuing 0ratiOnS during th¢ thv¢ t%0 p¢riod5. "rhe lund5 breakdoi%m for 2U22 i5 5hou"n in note I l. Th¢ n(It¢5 pa¥es 7 t(1 15 fottn 4Ln integral part of th¢s¢ financial 5tal¢rn¢nts. Page 5
Chesterfield Food Bank Oiegistratioll llumber: 1174426) Balance Shee¢ 4s at 30 September 2023 2023 2022 Note Fixed assets l <in¥iblL usseis 14.598 19.464 C'urrent asset5 DLbior Cash ai bank and in hand 2.Og4 150.647 118.456 152.731 18.456 Credltors: Amounts fAlllttg d¥¢ wllhlkn one y¢# 10 18.7791 Net ourrtnt *ss¢¢s 143.VI52 116.716 Net 4SS¢ts 158.i5(1 ofthe ¢hArl¢y: R¢strl¢ttd In¢ome fvnds 39,6fy8 45.737 [Inr¢5trlet¢d Income funds IlnrLitriLtLd lund% 1111.11¥2 1).443 Total funds 158.551 'I'he linaniial sts¢¢m¢nis on pa8¢s 5 ¢() IS w¢r¢ ¥pprn)ved b). the vusie¢5. and authoris¢d for issue on 4 I)LLLmk.r 2023 dnd %i8ncd i)n thLir Eehalt'b).: Th¢ n(It¢5 pa¥es 7 t(1 15 fottn 4Ln int¢gral part of th¢s¢ financial 5tal¢rn¢nts. Page 6
Chesterfield Food Bank Notes to the Fillancial Statements for the Year Ellded 30 September 2023 l Accounting policies StAtement of ¢omplin¢e ThL linaniial staiLmLnts hai'e prepared in accordance ii'ith ihL second ediiion of the Charities StalLmieni ot RcL0mMLndLd PraciiLe iSSULd in octo 2019. Ihc Finaneial RerM)rting Sthndard appliLablc in the Llniicd Kingdorn and Republic ofirelarbd 11.'R¥ 1021 and the Chariiies Act 2011. Basls of preparitio ChL%lLrli¢ld l-cx)d Bank m¥L¢s ihL d¥linilii)n of a publi¢ Ixm¢lii ¢n¢i¢!' und¢r FR$ 102. 1-hL aL¥i)unis IfinanLial siatLniLnisl have bLn prcpar¢xl under th¢ hisiortcal cosi coni¢niion lth IrnS r¢¢o8nis¢d ai ¢osi or ir6nsa¢iion i'aluc unless othernlse siaied in the relei'ani noic(sl 10 Ihcse accounts. Goln% eontern 'I'hL Iru%lLL% Liin%idLr ihat there are n() maierial uncertainlies alK)Ut the LharitN's ability 1n11nUL &8 a goi1)£ Inrorne and endowThenls 'iilunlar¥' inLI)mL inLILidinb (kTrnations. 8iti%. Ic8aLiCS and 8rants thai pn)i'ide eorL fundints i)r aTL ()I' a tsLIiLrJl naluTL 1.% rL()¥ni%Ld %ihLM thL iharil). h&s LntitlLmLni Ihe inc(Trme. il is probatile the inuime ,111 he rLLLiiLxi ihi amiiunl Lan bL' mLu%urLd ivith bufliiiLI rnliabilil).. l)i)ndlll)ni Jnd IL'¥Jii¢ Jr¥ Mx)8nised on g r¢¢¢i%"abl¢ basis h¢Th r¥Y¢iEM is probJbli Jn(l th¢ amiiuni b¢ rLliubl%' mLUrCd. GrThnts recelvuble Cirant5 arc rLL(IBnixd %ihcn ihc charili has an cntitlcmcnt lo ihc funds and an) condi¢ion5 linkcd to ihL uranls hav¥ m¥1. W'hcrc p¢rf(TrmianLc Londi¢ion5 ar¢ atlaLhcd thc 8rani and arc %'¢¢ i(? bc IM¥L thL in¢()niL 15 reL()gni%ed a liabilit>" and inLlu(id c)n the b31anL sheei &% deferred inLX)me tt) he released. b.xpendlt¥r¢ AII LIPLnditure is recogni5ed once ih¢rt 15 a legal or constrUctie obligation io thal cxpcndilurc, il 15 probable ttlcmcnt is rcquircd and thc amouni ran be mwured r¢li?bl!. All costs aTe all?(¢d to U)c applicahle i'¥plnditu hi4Ldin8 Ihal agsr¢galL similar cos15 lo thai raii'g(In. Wh¢r¢ Tr5ts rjnniii bc ultrihut¢d Iii pIrt1u1r headin¥% theN hal'e en alli)caied ()n a hasi8 L(Insisieni 14.ith ihe u%e c>f re)urLS. iIILh Lentrdl %iatT Li)%ts allocaicd on ihL basis ol. iimc sni. and dcprcciaiion Lharges allocatcd on ihc portion ot. Ihc asset-s USC. Othcr suprort costs arc allocaicd bascd on thc sprcad ofsthlTcosls. Charliuble oi'llvliles C.hariiahle exndlIre Lompris¢% Ih()se costs inLurred h%" th¢ tharii}" in ihe deliiery" i)f iL8 adiwiiie% and %en'iLes li)r IL% beneliLiarie%. It inLlude% iK)th LM)si8 tha( tan all{ed dirttil) th such al1.111eS and ihi)se ()r an indirccl nalurc neces5aTr to SUPEK)rt them. GovernAnte tosts I'h¢s¢ inLlud¢ ih¢ cost5 ?¢tributable IiTr th¢ charits""s roThpliancr iiith ciTrns1ilutioTral and 5tatutor)" quIT¢m¢rtts. inLluding audii. %irniegiL managemeni and tru%iees meetin4% and reimbur%ed expenses. Page 7
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) Covernment gr#nt$ G(iiemrnent grnnts are rec(Igni5ed based on the accrual Th(NJel and aTe tneasured ar the faiT N'alue of the <sel TeLeiied ()r reL¢ii'ahle. CiranL% are Ll%4ifi¢d &% l311ng ¢ith'. lh¢ Lharilj Is ry>lLniiall> LKL'mpi Irom iaxaiion in re¥LYi ol. income or capi1 gains reLciied wiihin Lalcg)oriLs Ll)I'LrLd h). C'haptLr 3 1)an I l ol. IhL c.i1r7rdLiLTrn 'l-a¥ ALI 2(blU ()r 'ClIn 256 (If ihc l-axatlDn ol- L'har8Lable (rlin$ ALI I()92. 11) the ¢.¥ltni thai 5ULh inLwme or gain5 art applied exclu5ii'¢ly charitsble puryx15eS. Tangible fixed 55ets IndIlJU1 IIxLd dssL4lS ¢cisiin8 £U.00 or mL)r¥ ar¢ iniiialli. r¢wrd¢4 ai ¢osL less gn). subs¢qu¥nt aumulat¥d dLprLLiJiiun and sub5C4ucni JLLUMulad impainncni 10sSts. Depre¢ltlon mortls•¢lo l)LprLiiaiii)n 1% pnii idLYJ iin IgIlL fixLYI li[5 8$ t(Tr i4Tili iilT th¢ wsl (Jr i'41lu&tii)n, less any L81imatLd r¥4idual idluL, I)I'Lr ¢h¥ir cxrK¢¢Ld u%lul LxM)rM)miL lifc as folloi4'%'. A5Stt rla55 Mi)ti)r V'L,hiLILS Deprtcl*llon method and rAte 5 %Ldrs %ifJib)hi linL Trade debtors 'I'r&idL' dL'hiiir% drL' amounLs duL from LUStomLrs for m¢handIsL. sold or x'rkiLL PLrform¢d in ihL IITdinJry LX)ufsL Ill'bu1nLs5. "I'rudi dLbior5 arc rccogniscd inilialli ai ihc irnnmrtion pricc. 'll)th arc sub5cqu¢n¢l>" mLasurL'd al omoriisl CITr¢ %inB IhL' L'fYL'LtIVL' iniL'fL%i mLlthcxl, IL$ pr()i-isi()n r()r impdimiLllL. A pnTri'j%L(Trn flir LhL impdimiLni i)f Irdd¢ dLbti)r% is L%tahli%hLd i%hLm (hLrL Is i)hjLLIII'L c%'1dLce ihai the chariii. iiill noi able (O LolleLL all ami)unt% due aLLording liTr Ihe original lem15 01.the receialeS. Cash cish equlvglents C'ash and cash cquii'al¢nts compTiS¢ cash on hand and rall dew7. and othrr 5hort-temi liighls. liquid invL'%tmLni% thdt dfL' rL'adili" L(Invertible ii) dmi>uni of L&sh and subjeci ith an in%i¥nifiLanl ri%k iir Lhan8e in Traluc. Page 8
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) Btsrrowings Inter¢st-beaTing rrO.1gS iniiiall!" recorded at fair i'alue. net of tTansaLtion costs.. InteTeSl-karing IK)rri)Iving4 are %ub%eyuenil) LaTried ai #tn()rti%ed th)%1. iiith the LliffererJc¢ 11%¢¢ the PnKe¢ds. nel i)f itan%aLlion ¥()%i%. and the amouthl due i)n redempiioth ]rt8 re¢ognised as a ¢hgrg¢ io th¢ Ststemeni ol. Financial ALtil'l(ILS OVLr thL PLriod ol-IhL fL'lL.ant MillIng. Interest expense 15 recogni5ed on ihe basis of the efTeclii'e iniere51 and is included in inleTesl pa>'able artd 8imilar Lharg¢s. Borrow'in8s are Llassilied as eurreni liabiliiies unless ihe Charl has an uncondiiional ri8ht to deter setllemenl ot Ihe liabiliiN lor al least iwel%'e moThihs after the rewrting dale. Fund structure Ilnr¥%triitLd inicjmc funLl% arc gcn¢ral funds ihai arc ai'ailablc for usc ai thc trusices discrciion in turtheraJ)Le ot lh¢ i)bj¥itiv¢s ol'ih¢ ¢hariii'. I)IsignJii liinds ar¢. kinr¢[rilI¢U funds sth &si(k. for $r1r1¢ purrK)s¢s ai ihc di5¢rn4ii)n ofihL Irus(¢c%. R¥%iri¥l¢J inLom¥ lund% ar¢ thos¢ JonJi¢d li)r use in a parni¥ular ar¢a or lor 5xit1 purFM)ses. (h¥ us¢ 01.h1¥h 1% rLStriLILd ti) thul arL'J L)r purrA)SL'. Flnartelthl Ins¢rnmtn¢$ l.'inJnLidl linancial liabiliii¢s ar¢ r¢¢ognivd th¢ ¢h8rii>' a party th ¢h¢ ¢i)nira¢LUdl pri)visii)ni c)I'thL in%trumLni. 'inanLial liahilitics and iquitv instrumcnLs arc clas51fil aLxM)rding thc subslanLL ()r thL LiinlraLlual urrangLmLnLg LntLrcd ini(i. An cquii%" in51Nmcni 15 an! conirnci ¢hat th'idcn¢cs a rcsidual inicrcsl in ihu ol- Ihc ¢hari¢y aftcr d¢du¢¢in8 011 ofits liabilili¢s. All lin&inLial a%%L•l% and liJbiliiiL% arL' iniiiall) mL'J%UTLMI ai iran%aLl14)n priLe linLluding tranL(li)n Lii%l%l. L.XLLPt Ii)r thE)%L linaniial assLls classiliLd al lair ialuL ihr()ugh pr¢)lil or loss. i%hiLh aTL initiall) mLusurLYl ai lair aluc (which 15 normally the Iran5aLlion prire cNcluding ¢ran5aclion c05ts1. unlc55 thc aangeMe11L ci)i)slilutLS a linan¢ing Ir3n5a¢lion. If an arrangcm¢nt Ix)n51ilu¢¢5 a financing Ifdn5aclion. Ihc tinancial assct or linancial IiiLbilii is mLasurLxl at ¢h¢ pr¥nI iJlv¢ of th¢ fvlur¢ wai"mcnts disrouniLd at J mwkrf rdlL of inicr¢'%t fi)r a similar dcbi instrumcnl. l.'inancial u55ets and liabilities aT¢ onli. otTscl in iht 51alalltnt of financial 51¢10 iwhen. and onlN ivhcn ihcr¢ e¥is15 a l¢gallv ¢nfoTL¢abl¢ righ¢ io srt otT th¢ )gls¢{l amounts and the rhaTiI)' in¢¢rtds either 10 5¢til¢ a nel ba%1%. or tc) reali%e Ihe asset and %eiile the liabiliti- simulne[)%]1'. Financial as5¢ts are derccogn1d 'he and onlv al the contractual rights the Ggsh flom's from the linanrial ass¢t eipir¢ or are %¢tl¢d. bl the charit)" trJn5fers ¢0 anoiheT part! 5ubstsnliallN' all ol- the ri5k"s and r¢ivJrds (If oli<r3hip of th¢ financial a55el. or cl th¢ rhaTiI!. d¢spi¢¢ hai?ing Some. bui n(It (ill, sioniliLant risk% and rewwds ofommership. has transferred th)ntrol ofthe asset Lo ani)(her partv. Financial liabilitie5 are derecogni5ed onl). Hth¢n th¢ obligation 5pecLfied in the contrdct 15 discharged. cancelled or ¢xpir¢5. Page 9
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) Dehi in.%lrumvnlT Debt in5trumcnis i%'hich med the following conditions are subsequentlv measured at amort15ed cost using the eff¥clive int¢re5t meih(Id.. (al The coniractual return to the holder is lil a fixed amount- lill a rxTrsiiive fixed ratr or a fM)Si(ii'e variable rdte.. or liiil a combination of a SItI%.e or a negaiiie fixed rdtr ar a rA>sitii'e N'ariable ra. Ibl Th¢ LiiDlraLt mu). pr(}ide fi)r r¢paiJn¢vl¥ i)f th¢ prinLipal (?r th< r¢lurn th¢ IH)Id¢r Ibul n(ii Ixiihl li) linked ti) a singll rLl¢iani ob_%Lnablc indlx of g¢neral pri¢c inflJ¢ion of the ¢urr¢nc%' in i¥hich ihc debi instrumcn¢ is dLnominati proi id¢'d sll¥h links ar¢ noi leil8¢d. ILI The Lx)ntraLI mav pr()i'ide for a determinable varialim ()r the relurn th the h()Ider during the life ()f the in%tnirn¢nt. pr()1 thai lil thL' rail. 11$111.$ ii)ndition lai and ihL iariali(In i4 ni)1 uinlin¥Lnl i)n lulure ¢rtts c)Ihir (han I I l a ihangL ol'a Lx)nty#Llual i'tyriJbl¢ rai¢: 1211ts pr()lixt htsldLr against LrL'dit LIL4Lrii)ratii)n ol'ihe issuer; 131 Lhanges in lei'ies applied b%. a central bank or arising fmm changes in relelani taxaiion or laKI': or lill the nem. rate 15 8 markei rnie of inieresi and saii5fies condiiion 181. Idl'l'hLrL 1% ni) Liinirnltual pro%'isii)n thai L(iuld. by ils ILYMS. r11 in thL' holdcT losing thL PTin¢ipal amouni or an} iniLr¢%i ai¢ribuiabl¢ 10 lh¢ ¥urr¢ni p¢riod or prior p¢riods. ILI C'()niraLiuJI pri)%'i.si()n% ihai pennii IhL ikwcr io prcpa!. a debt insirumcni or PLrnlii ihc hi)IdLr iii pul li baLk IhL i%%uLr bLli)rL maiurit) arL not LxJntingLmi futUTL ¢ILnls. o¢hLr ihar) ¢() pr()ILi thL lii)IdLr Jguin41 11)L irLdit d¢liric)rdiii)n c)I' ¢h¥ issuLr OT a LhJngL in L()n¢n)I i)I' Ihl iSSiILT. (Jr prtilLYl th¢ h()Id¢r or issuLr aguinst Lhangus in l¥vi¥% appliLxl bv a ix'n¢ral bank or Jri%in8 from iban4 in r¢l¢%'ani i)r lai¥. 11) C'i>nlraLtual pnivi%iiins ma)- rrnI11 thL L'¥ILmSLI)n cJfihL ILrnI l)rthL dL.hi in%irumLnl. PT£)i'iJLd thai IhL fLtui ti) thL hiildLr and ani ()thLr i()nirJLtuJl pr()1 isii)ns JppliLablc during ihL LxILndLd icnn sali%fN thL Liindiliiin4 iir pAragraph% IA) io (¢1. l)L.hi in.%irumL'ni% thdi dre LlJ%%ified pa%'dble É)r reLei%-JhlL 14-ithin c)ne i)n iniiial reLI)8niLii)n and hILh mLLt Ihi alx)VC Londilion8 arc measured at the undiscouThied amounl ofihe cash or other Lonsideralion CXPLXiLd to FK" paid or rlxeivcd. nLi ol'impairrnLni. Wilh the exLepiii)n 4)f some h¢dging inmrnments. c)th¢r instruments not meeting IhLY Ll)nditinn% ar¢ ML'&%urL ai fdir %'alue thr(iu8h pn)fii or Ioss. Commitmcnt5 to makc and receii'e loans which med the condilions menlioned aEoN"e are rneasuTed al c05t liyhich ma) be nil) Iw impaimitrii. Inve51mvnts Inie%imenis in non-Loniertible preference shares and non-puLtsble ordinan. or preference shares Iii'here sharcs arL piibliLl% tradLd or thcir lair Nalue is rcliabli mSrable> are mtrasurcd ai lair i'alue Ihrou8h prolil or li)55. Wh¢re fair 'alue cannot be MUred reliably. in'C$1Ments are m¢a5ured at Cost les5 impairmenl. Ini'e%imeni% in .%ub%ididrie% and &sxKiai¢s ar¢ md di eosi le% impaimieni. For irti'estm¢nL% in sub%ididries acquirL tor considLration inLludin8 the 1C of sharcs qualif!'in8 for mer8cr relicf. eosi is mcasurcd hy rclerence to the nominal I'alue of Ihe shares issued plus fair i'alue of oiher eonsidcraiion. Ani. premium is ignored. Page 10
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) DeT/vulivefiniin£'ial in.¥lrunwnts .1 he charitv uses derIali.e linancial inslruments Teduce ¢IsUre to foreign exchange risk and interest rate moi'¢rnent5'. Th¢ Lhariti (k)e5 noi hold or Jerii"alii'e finanLial iTr51rurnenLS f(IT %LU7all'e purtK)%es. Derivatives are iniiiallv rtto8nised * fair value ai the da* a derli.atle conirdct is eniered inth and are subsequentli. remeasured to iheir fair i'alue at each rertIng dale. 'lthe resulting gain or loss Is recognised in statement L)f finanLial actii iiies immediaieli unless ihe derii'aliie is designatLd and etTectii'e a5 a he(Iging in%trutn¢nL in i4hiih ¢%¢Di th¢ titning ()r th¢ rttM)¥nitii)n in 5ttsieJneDI rInanL1 aLlii'itie5 d¢ptn(Js (In th¢ naiurc ot'th¢ hcdgc rclaiionship. Falr vNlue meo.¥llTemenl 'I'he besi ei'idLnce ot lair value is a quoted priee for an idenlical assa in an aciii'c marker. When quoled priLes url unavuilablL. thL' priLe ol-a reLeni trdnsaLli(In lor an i4.n(lCal a&sLI pMld¢S Li'idLnLe (If fair i'aluL' loiig as th¢re htL% n(It b¢en a signiliLunt Lknn%¢ in c)1}miL LirLum51wiL<% (IT u signiliLunt liip%e ill- lim< %inL¢ th¢ IransJ¥iion ti)ok pla¥¢. It. IhL marke¢ is noi aali'¢ and irans)¢iions ol'an id¢niiial assth on (heli on arc noi a 8ood estimalc ol-tair Tralue. Ihe fair value is esiimaicd b). using a valuaiion iechniquc. 2 Income from donation5 and legxtits Unresiritttd funds General Rtslritted funds Tolal fund l)(Inuiions und ILgaLiL%: l)()ndiii)n% fr()m Indi-idllUls Ctranl.%. inLludins LapitJl 8ran (ii)ILrnmLnt grants (iranLg fri)m (i¢h¥r ihari¢i¢s 87.630 87.630 ?.ooo 2.non 89.()l17 Toial for 2023 IU7.936 17Y..127 Tolal for 2022 ¥6.11)0 64.477 I %0.(737 3 Analy515 of governance gnd support Costs Governanot tosts Llnrcslricltd funds Gentrgl Total funds Othcr goi'crnancc costs 1.937 1.932 TotAI for 2023 1.932 1.932 Total for 2022 614 624 Page 11
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) 4 Trustees remuDeratlOn aDd expeDses No trustee5. nor ani persons connected i%ith them. hai'e receii'ed an). remuneration from the charity. during the Yr. Ni) trw%te¢s hae Teceived an) reimbur%ed e.tt$¢% or an). other ne(iL$ from the charilv during the Near. S Staff eosts 'I'he aggregate payroll cosis were as follo= The mLinthl)' averngc number of pLYs()ns (including Sl0r mandgLyncnt / l¢ad<rship leAIT)l empl()ycd by ih¢ charity during thc year Lxprlwd as full iimc ¢quiialcnts lias as folloM'$: 2023 2022 '.mpl()y¢cs Ni) ¥mplo%e¢ rn*Liv¢d ¢molum¢nis ofnM)r¢ than £60.0(M) durin8 th¢ i¢ar 'I'hL Uiiul LrnpI(i)LX bL'nLfiLs 4)fihL' kL) m4UW8LynLnt rK'N)nncl L)fthL charil), IVL'rL £48.31612022. £39.3161. Page 12
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) 6 Taxation '] he charity is a registered charit). and is therefore exempt from tatiOn. 7 Tangible fixed assets Motor vthltles Total Co$1 At l October 2022 ?4.330 24.330 At 30 September 2023 ?4.330 24.330 D¢preelitloD 4.86 4.86 C'hargL li)r IhL 4.R()6 At Jll SLplLmbLY 2023 9.732 9,732 Nel book value At 311 %LplLnibLr 2023 14.598 14.598 At 311 SLplLmbLr 2022 19.464 IY.4(?4 8 Debtors 2023 ()thLr LILbiors 2.11114 9 C45h And cAsh equivalents 2023 2022 C.'ash at bank 150.647 118.456 10 CreditOT5: amoun(s falling due within one year 2023 2022 Othir ¥aLlon and sorial sccurity" Other Lrediii)r 7?3 -05h 1.740 8.77Y 1.740 Page 13
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) I l Funds Balance At 30 Sept¢mb¢r 21123 Blance at I Oetober 2022 Re50urc¢5 expendtd resourtes Ilnre5tricted funds Creneral 7¥.443 103.070 174.6311 1(]6.8¥2 DLsignaiLxl Total unresirltted funds 90.443 103,070 174.6311 118.882 Restricted funds 45.737 71.391 177.4601 39.668 Toial funds 136.180 174.461 1152.091 BAlfin¢t 8130 September 21122 Bl*n¢e #t I October 2021 In¢omln2 resources Resources expended Ilnre5tricted funds (liLr81 73.155 74.099 168.11111 78.44.1 l)LS18n4LILid 12.IKH) Total unrestrlcttd fvnds 85.155 74.¢W9 16¥.8111 90.443 Restrlcttd fvnds (A.477 45.737 TotAI funds 85.15S 138.576 187.5511 136.180 12 Anxlysls of net assets bttwetn funds Vthr¢51rl¢tcd fund5 General I'oi¥l futrJd5 ¥t 30 September 2023 Restricted funds .1 angTble fixed a55ets (.Urn1 iL5b¢lb Current liabilitie 14.598 113.060 18.0561 14.598 152.731 18.0561 39.671 Total nLi assets 119.602 39.671 159.27.1 Page 14
Chesterfield Food Bank Notes to the Financial Statemellts for the Year Ended 30 September 2023 {continued) Uthrtsirlettd funds GenerAI Toil funds t 30 September 2022 Restri¢ted rullds T<ingible fi¥ed a55¢ts CurrL'ni C urreni liabiliiies 19.464 72.719 11.7401 19,464 118.456 11.7401 45.737 Total nei assets 9(1.443 45.737 13 Analys15 of net fund5 At30 S¢ptemb¢r 2023 A¢ l O¢tob¢r 2022 Fln•tt¢lng ¢gsb flows C'th4h ul bank. and in hund l)Lbi du¥ within onL JLar 118.456 11.7401 32.190 16.3161 150.646 25.874 At30 September 2022 At l October 2021 -in#n¢ing c95h flow5 C'agh ai hank. and in hand l)L,hi duL' w-ithin i)nc JL'dr XI.21K 1.3 ?401 37.256 77.Yfrfl 38.75fy 110.71fi Page li
Chesterfield Food Bank Statement of Financial Aetii'ities b). fund for the Year Ended 30 September 2023 Total Totxl Unrestricted Unrestricted Funds Funds 2023 2022 In¢orne and F.ndowments from: l)onaiions and ILgaLie5 107.936 6.160 '] otal income 107,936 86.16(1 Expenditure on: Churitable actii'ities 179.4971 18V,8721 T(Ital expenditure 179.4971 180.8721 incom¢ 2¥.4.39 5.21111 Net m()vemLni in lunds 28.439 5.288 Recontilixtion of fundj .1 oial I'und% bri)ughi li)nior 90.443 'I'c¥ial I'unds Lurrieil lorward Yl).44.1 This page does no¢ fortn pJtl of th¢ 51dlulot> finanrial tsi¢rn¢nts. Pa2e 16
Chesterfield Food Bank Statement of Financial Aetii'ities b). fund for the Year Ended 30 September 2023 {continued) Total Restricted Funds 2023 Total Restrirted 2022 Income and Endowmettts from: Di)naiic)rts and ILgJiie% 71.391 64.477 Toial in¢om¢ 71.391 64,477 Ependiture on: 177.4601 118,7401 Toial Lxwndiiure 177.J601 NLX IixpLnditurLYincome 16.0691 45.737 NLi m()I'LmLnl irt lun¢J% 16.0691 45.737 R¢¢on¢lll4tlon of 45.737 .1 ()lal I'unil% LarriLd l(In%ard 39.ohll 45.737 This page does no¢ fortn pJtl of th¢ 51dlulot> finanrial tsi¢rn¢nts. Pa2e 17
Chesterfield Food Bank Detailed Statement of Fillancial Actii'ities for the Year Ended 30 September 2023 Tot#] 2023 Ttstxl 2022 Income and Endowments from: Donations and ILgaLIL lanali SLd below) 179.327 150,637 Total ineome 179.327 150.637 Eipenditure on: ChariiablL a¥¢ii'itics ianal%'s¢d iw]0.) 1156.9571 199,6121 T(>ial L.xrKrtdilure 1156.9571 199.6121 NLI iniY)m¢ 22.370 51.02) NL1 mi)I'imL'ni in fLind 22.370 51.025 Recon¢ili*tion of funds 1.36.18n 85.155 .1 (Ildl I'unil% LarriLd l(INard 1511.55D This page does no¢ fortn pJtl of th¢ 51Jlulot> finanrial tsi¢rn¢nts. Pa2e 18
Chesterfield Food Bank Detailed Statement of Fillancial Actii'ities for the Year Ended 30 September 2023 {continued) Total 21123 Total 2022 Donations andlegacies Ap11.% £k)naii()n% Gifrl Aid ia.¥ rL'LlaimLsd .1 rust5 and l(iundations IJK Cil)NLrnmenl grwits IJK CiOILrnmLni grants Crranis- oiher agLnLies tirunt5- oihLr u8L'nciLs CrrunL%- ()thi'r agLncies Cirants- i)th¢r aginii¢s Cirants- i)Iher agenLies (rrunL% i)thL'r a8LnLILS (rrunL%- (JthLr agLr)cics 79.241 8.389 37.40Y 6.470 -10.02() 2.000 56.770 7,707 7.000 5.000 S(K) 12..175 44.516 ?0.306 179.327 150.637 Churliuhle acllvlrle% lJurLh&%L'S l)urLh&%LS l>urLhJ%Ls Sundr%. ¢xp¢nses l)LwfL'LiJiic>n i)fm£)ti>r i LhiLIL'. IPr(Itii>'li)%s ()n di5P05al ol'tangiblc fixcd asscts Prort repair5 15.IlUOI 120.8581 18301 14.1$661 15.9431 14.8(70l 13.2951 112.6401 16.11181 Ifi.5971 WagL5 4ind %alariL WagL5 and 5alarics Stal'f nsIonS Iikfin¢d roniributionl- pension xhth)¢ I SubL'É)ntraLI Lx)%i 139,3101 19301 133.0991 SubL'ontraLI Lost StalTtraining '(Ilurttr¢r ¢XkWS¢5 Reni 12.3171 14311 16.Ig21 14191 11.2921 14.7861 Watcr ratc5 LighL h¢at and power InbuT¢inL¢ Equiprncnt repairs and Tenewa15 'I"elephone and fax OtTiiY ¢¥rrtn5 1964} 13.2221 11.8971 11.0551 13.5861 This page does no¢ fortn pJtl of th¢ 51dlulot> finanrial tsi¢rn¢nts. Pa2e 19
Chesterfield Food Bank Detailed Statement of Fillancial Actii'ities for the Year Ended 30 September 2023 {continued) Total 21123 Total 2022 PTiniin8. Ix)sia8e and sia¢ionery SLindr) cxpcnses Motor e¥pense5 TTthde 5ubsLriptii)ns Ai¢ourttan¥v tix 11.7591 12.9561 12211 12.9211 16241 1156.Y571 Igg.6121 This page does no¢ fortn pJtl of th¢ 5tJlulot> finanrial tsi¢rn¢nts. Pa2e 20