Chesterfleld Foodbank
A member of the Trussell Trust Foodbank Network
A Charitable Incorporated Organlsation
Registered Charity Number 1174426
For the year ended Sept 2024
Charlty Info
Background
Strutture, Governance and Mana8ement
Trustees
Public benefft
Objects
Summary of Maln actlvltles
Volunteers
aients fed
Reasons for referrals
Referral a8encies
Website & E-vouchers
Tesco collections
Superniarket Permanent Collection
Hafvest collertion
Partnerships
10
10
10
11
12
Reserves Policy
Charlty Informatlon & Admlnlstratlon Detalls
Charity Name
Chesterfleld Foodbank
Charity Registration Number
1174426
Charity Format
Charitable Incorporated Organisation (CIO)
Governing Document
Constitutlon- Foundation model
Date Re8iStered
30th August 2017
Prinapal Address
Unlt 3
Carrwood Road
Chesterfield
S419QB
Founder Trustees 2017-to date
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 provldes 3 days. supply of food to
local people In financlal crlsls who have obtalned a foodbank voucher from a local agency and
if possible, we $18npost them to other a8encles who can help resolve the crisii
Structurei governance and management
Chesterfield Fo¢)dbank (CFB) is a Charitable Incorporated Organlsatlon (CIO), formally
registered by the Charities Commisslon on 30th August 2017 and with a constitution based on
the Charity Commission 'Foundation' model.
Trustees
Daniel Cooke (Chair)
The Rectory, Church Street, Brlmln8ton. S43 IJG
Nicola Fletcher
3 Heathfield Avenue, Ashgate, S40 4A1
Sarah Menzies
The Brambles, Hemming Green. Old Brampton, S42 7JQ
Penelope Har8reaves
31 Avondale Road. Chesterfield. S40 4TF.
John Roberts
3 Longford Croft, Chesterfield. 540 2GG
Jeffrey Kitts
46 Alexandra Road West. Chesterfield. S40 INP
Alan Ramsey
9 Oliver House, Wain Ave, Chesterfield. S41 OFE
lan Hayes
4 Highfield Close, Palterton, Chesterfield. S44 6WA
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 listenin8 ear irrespective
of their age, gender, gender-reassignment, sex, ethnic background, faith or no faith or social
ststus. The only requirement is that they are referred by a front- line agency due to financial
crisis and Ilve in Chesterfield and the surroundin8 area.
Objects
The objects of the CIO are the relief of financial hardship amongst people in Chesterfield and
the surrounding area In such ways a5 the trustees think fit. In particular by providlng
emergency food, e55ential toiletries, and household items to Individuals and families In need
and/or for dlstribution by charltles or other or8anlsatlon worklng to prevent or relleve
poverty.
Summary ol Maln Actlvftles
We provide food, tolletries, and other help to people In crlsls In and around Chesterfleld. We
8et the supplle5 from generous 8lfts and donatlons from local people, companles and
supermarkets. The food and tolletrles are stored In our warehouse and are then dlstrlbuted
to people through our distrlbution centres. Cllents must be referred by a front-line agency
such as the Citizens Advice Bureau, Social workers, school famlly support workers. Agencies
provide E-vouchers numbers that are tracked & logged into our digital data collection system
(DCS).
At the distribution centres, the client Is met with compa55lon, a cup of tea or coffee and a
friendly listening ear. Details are taken of any allergles or dlet related health issues (e.8.
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 si8nposted Cllents to other servlces 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 tenn.
We now have 6 foodbank Distribution Centres / operating 7 sessions .
Monday
Tuesday
Wednesday
Thursday
Brimington & Hasland
Compass
Compass
New Whittin8ton &
Hope Valley
Loundsley Green
Friday
We have a main storage unit at Unit 3 Carrwood Road Industrial Estate, Chesterfield, which
had been provided by Derbyshire County Council, Rent and Rate free until Dec 2023. At this
point a new 3-year contract was agreed with Derbyshire County Council to pay rent on an
annual basis: Jan 2024 £6750, Jan 2025 £13,5(X) and Jan 2026 £26,995. The warehouse
remains Rates free.
We collert donations from local supermarkets and their customers, takin8 them back to the
warehouse for sorting and stora8e. 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 I person, 2 people, 3-4 people and lar8er family packs 516. The warehouse is also open on
Tuesdayi Thursdayi and Friday mornings for incoming donations.
The communlty continues to support the foodbank havin8 donated 59,693 K8 of stock across
the year worth £141,474.23 at the Increased standard Trussell Trust (Tf) value of £2.371k8.
This support was sli8htly down on the prevlous year when 60,920 K8 was donated. Durlng
this year 37,121.48 Kg of food was purchased to fill gaps In stock to make up shortfalls due to
redurtlon In physlcal donatlons and Increased demand for the foodbank's servlces. The total
stock of donatlons and purchased totalled 98,943.56. worth an estlmated £23449&24 at
the standard TT value.
Food donations came from many sources but prlnclpally from:
Charities
11.62%
Community Groups 4.12%
Churrhes
11.77%
Sthools
7.98%
SupernMrkets
36.72 %
Individuals
10.21 %
Corporateslworkplace 16.48%
Other Bulk distributors 1.11 %
Staff
Followin8 a structural review in January 2022
I x (*rations Manager (4th November 2019 to-date)
I x Communications, Enga8ement & Funding Mana8er (appointed January 2022)
The Trustees restructured the management of the food bank in recognition of the Increased
workload. We have an Operations Manager and a Communications, En8agement & Funding
Manager both on a two-year contract ending in March 2024. The Trustees formally
committed to continuing both posts going forward from 1st April 2024.
The number of volunteers has increased resulting in core rotating teams at centres, plus
additional 'driver< collectin8 donations and delivering food parcels to client households &
distribution centres.
The foodbank beneffts greatly from the support of approx. 137 volunteers; wlthout whose
8oodwill the foodbank could not run. Each foodbank distributlon centre Is run by a volunteer
Centre Mana8er and between 12-20 volunteers each, usually on a weekly. or bl-weekly rota
system. Other volunteers (15) worked behind the scenes sOrtln8 food at the warehouse and
there is a desi8nated volunteer Warehouse Manager.
The foodbank contlnued to meet the need5 of local famllles havln8 fvlftlled 6028 vouchers.
representln8 an Inuease of approxlmately 34% over the same perlod last year.
The 3-day emer8ency food parcels helped 11,254 Indlvlduals; an Increase of circa 5%; of these
2824 were for children 16 and under. Altogether thls can be equated to 101,286 meals over
the year Oct 2023- Sept 2024.
Reasons for refefrals Rising cost of essentlals Increases made up just under half of all
referrals at 48% with Debt at circa 31% and Insecure housin8 at circa 6%. Benefrt related
issues contributed 30% of referrals with Health Issues at 24% of all referrals.
CA8 In- house Advlsory Servlce
From August 2022 we were awarded a Grant from rr To8ether For Change: Financial Inclusion
Funding enabling a specialist CAB adviser to be present at CFB distribution sessions offerin8
direct advice to clients. The second CAB Annual Report Sept 2024 demonstrated the
significant impact of this initiative and that it would be well used going forward. In this second
year 258 new clients accessed this service of whom 81% had a disabilty / long term health
condition. 64% were Male, of which 87% aged 30*5. 71% were single and 39% either couples
or one parent families. Most had rent & council tax arrears & utilities issues. Mosi importantly
53% of people were estimated to no longer need to use the CFB as a result of advice and
support interventions.
Maln partner referral Agencles.
Vwchers
fulfilled
Referral Agency Name
Adults
Chlldren
Trtal
28.32%
26.fAYA
CheSterfld Citizens Advice
Derbyshire Recovery
Partnershi
1087
20.2%
1519
611
2130
15.71%
2.78%
776
14.5%
1166
1234
11.26%
Pathw
of Chesterfield
697
13.0%
836
10.04%
CBC Housin
Mana
ement
552
10.3%
745
174
919
5.29%
0.22%
178
3.3%
393
197
National Probatlon Servlce
(New)
Derbyshire Unemployed
Worker5 Centre
4.53%
2.44%
4.6%
336
392
3.72%
7.84%
276
5.1%
276
573
2.56%
1.3S%
Chesterfield Foodbank
155
221
1.64%
In
eus
The Musllm Welfare
Assoclatlon Of asterfleId
& North Derb shlre
103
1.9%
122
147
1.39%
2.96%
36
0.67%
103
171
Total
5364
7422
2297
9n9
Chesterfield Citizens Advice Bureau (CAB) continued to be by far the most active referrer to
the foodbank. The number of referrals from agencies involved in homelessness and housin&
Pathways. Housing First and Derbyshire Recovery Partnership has remained high, accounting
for a total of approximately 37.8% of referrals.
We are aware of si8nificant referrals from non-partnered agencles, notably Help Through
Hardship, associated Citizen Advice Bureau's and the Elm Foundation are not on our data base
and would have had an impact on the above table.
Webslte. E-vouthers & self -referral
We continue to promote the CFB through the website. Facebook and other social media:
encouraging donations of food, money and generally raising the profile of CFB. This resulted
in an increased number of followers: Facebook 2.200, Linkedln 234, Instagram 539.
Promoting urgently needed items helped many of our supporters to provide the specific item5
needed to replenish stocks.
E-referrals have been further entrenched as best practice during the year. There are still a few
agencies using the RED Voucher paper system, just 49 over the year. In most instances we will
continue to support red vouchers when required, although we anticipate this to end going
forward.
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 (Tn and Tesco plc, a 3-day collection takes
pla each year in November / early December, this being a national date for the foodbank
network. In 2023/24 we ran collections between Nov 30th _ Dec 2nd collectin8 2289.75 K8 of
stock.
In addition to the food donated, Te5co also top-up with a cash donation proportionate to the
weight of donations recorded on the Data Collertion System minus 15% admin fee. This is
collected by Th for all foodbanks and paid by them directly into respective accounts. ASDA has
similar arrangement wlth Th wlth topup donatlon5 to 20% of the value of the Items
collected. based on a set value of £2.331 Kg.
SUpernrket Pernunent Collectkni Pdnts (PCP)
We have contlnued to benefft from permanent collectlon polnts In several supermarkets.
Warehouse volunteers collert from our PCWS on a weekly or fortnl8htly rota. In additlon to
thls, volunteers collected ad-hoc donatlons when needed. partlcularly at Chrlstmas or Harvest
Festivals.
Store
Wel8ht (k8}
Value (£)
Top up (£)
Tesco Extra
10,16S.44
1,798.05
24,092.09
4.261.38
2.953.63
321.11
Tesco Metro
Morrisons Chesterfield 4520
5(Kl.59
10,712.4
1,186.39
1,727.37
ASDA
Baslow Spar
728.85
Harvest
We beneffted greatly from harvest collections from both schools and churches. The harvest
collection runs from September to November and crosses our reportin8 period. We have split
the collection accordingly and for the period 1st Oct 23 to 30 Sept 24 we collected 4051 Kg
which equates to 6.79% of yearly stock donations. This was a slight decrease in both quantity
and % of stock on the previous year.
Purchasin8 Stock
The on- set of the national Cost of Living Crisis and the slowing down of stock donations
resulted in the continued need to purchase stock on a weekly basis to the value of £32K.
Given our strong financial status it 15 anticipated that we will need to budget to purthase basic
items to around £3-4(YX) per month going forward.
Totsl Distrlbution
Across all CFB distribution centres, including deliveries, CFB distributed 86.420.47 Kg of food
and toiletries directly to clients in the Chesterfield area to the value of £162.470.4&
Peak 011 partnershlp
CFB benefited enormously from the continued partnership with Peak Oil. Peak Oil continue to
donate diesel for use in the foodbank vans, approx £100 per month plus £75 per month by
Direct debt. This has been increasingly important due to increased donation collertions, bulk
purthasing and deliveries to clients.
Flnandal Donatlons
Financial donatlons dramatlcally Increased In 2023124; much of thls attrlbuted to the huge
8enerosity of the local communlty. Thls, coupled wlth more dlrect methods of payment. in
particular, Just Glvln8 has resulted In CFB endlng the year In a healthy flnanclal posltlon. Whlle
the donatlons cannot be guaranteed golng forward, they contlnued to flow In.
Income from Monetary donatlons & Grants amountln8 to £256.995 carne from a varlety of
sources. However, £91,244 can be regarded as supportln8 core fundln8 whllst. £158,828 was
Restrlcted Grants wlth speclflc tlme Ilmlts.
Gift Aid HMRC
Just Givln8
PayPal
Direct Debit
Cash
Cheques
£5, 344
£10,655
£3,279
£37,410
£5,930
£4,525
Other significant financlal one-off donations & Grants came from .
National Lottery
£58,(KK)
Trussell Trust
£44.902 + £6,187
Foundation Derbyshire
£15.000+£4,338
Aviva match funding
£14,041
Winds Energy
£7,(MXI
Crowd Funding
£8,710
ASDA
CO-OP
£250
10
Break down of accounts
Expendlture
Unrestrlcted
Funds £
50,240
394
3,840
5,302
2,942
13,209
1,537
1,233
Restrlrted
Funds £
£6,187
Total
Staff Costs & Expenses
Volunteer Expenses
Vehicle Costs
Warehouse /maintenance
Electricity, Gas & Water
Rent & Room hire
Accountant / Legal
Insurance
Subcontracted costs
Office expenses
Mobile phonesllnternet
Food/ stock purchases
Depreciation
56,427
394
5,302
2.942
13,2(P3
1.537
1,233
44,132
3.582
44,132
5.895
31,341
4,866
118,986
Unrestricted
Funds
42,893
74.234
4,866
212.198
TOTAL
93,212
Restrirted
Funds
TOTAL
INCOME
Bank Transfers
Crowd Funding
Gift Aid
Cash. cheques, foundations
Just Giving
Paypal
Other Grants {ASDAnesco/
CBC / National Lottery)
Chestetheld Borough Council
Grants ( F Inclusion )
Grants ITf Together for Change)
Foundation Derbyshire
National Lottery
37,409
22,581
5,144
10,917
10,655
3,279
48.797
37,409
14,592
5,144
10.917
10,655
3,279
48.797
5,976
44.902
6,187
19.338
41.304
125,282
5,976
44.2
14,375
19.338
41.3CtyI
256,995
TOTAL
131,713
Ayallable funds
aod 8•lance at bank
Reserved Funds
Warehouse
Operatlonal Reserves14 x
month
rollln
ex
enses
Unspent Funds
$6,021
56,021
44. 917
44.917
11
Reserve Pollcy
Purpose:
The purpose of the Operatin8 Reserve Pollcy for Chesterfield Foodbank {CFB} 15 to ensure the
stability of the mission, programs. employment, and on8oln8 operations of the organization.
The Operating Reserve is intended to provide an internal source of funds for sltuations such
as a sudden increase in expenses. one-time unbudgeted expenses, unanticipated10ss in
fundin& 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. Operatin8 Reserves are not Intended to replace
a pemanent loss of fvnds or eliminate an ongoin8 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 poliaes 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 suffiaent 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 operatin8 Costs includes all recurrin& 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
induded in the regular financial reports.
Accounting for Reserves:
The Operating Reserve Fund will be recorded in the financial records as Trustee Designated
Opwatln8 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
or8anlzation.
The Operating Reserve Fund wlll be funded wlth surplus unrestrlcted operatin8 funds. The
Trustees may from tlme to tlme dlrect that a speclfic source of revenue be set aslde for
Operatln8 Reserves. Examples may Include one-tlme glfts or bequests. speclal 8rants. speclal
appeals or one-off maintenance costs or locatlon cost5.
12
Use of Reserves:
Use of the Operating Reserves requires three steps:
l. Identification of appropriate use of reserve funds.
The Chair of Trustees and staff will identify the need for access to reserve funds and confirm
that the use is consistent with the purpose of the resep4es as described in this Policy. This step
requires analysis of the reason for the shortfall, the availability of any other sources of funds
before using reserves. and evaluation of the time period that the funds will be required and
replenished.
2. Authority to use operating reserves
Authority for use of Operating Reserves is delegated to the Project C¢Fordinator in
consultation with the Treasurer and Chair of Trustees. The use of Operating Reserves will be
reported to the Trustee Board at their next scheduled meetin& accompanied by a description
of the analysis and determination of the use of funds and plans for replenishment to restore
the Operating Reserve Fund to the target minimum amount. The Project Co-ordinator must
receive prior approval from the Executive Committee/Board of Directors rf the Operating
Reserves will take longer than 12 months to replenish.
Review of Policy
This Policy will be reviewed every other year, at minimum, by the Trustees or sooner rf
warranted by internal or external events or changes. Changes to the Policy will be
recommended by the Treasurer to the Board of Trustees.
Report of the Trustees for the year ended Sept 2024
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 Accountlng and reportin8 by charities: Statement of Recommended Practice
applicable in the UK and republic of Ireland (FR5102) (effectlve l January 2015)
Approved by order of the board of trustees and committee on 19th May 2025 and
signed on its behalf by:
Penny Hargreoves
Rev Donlel Cooke
halrman
13
Charity registration number: 1174426
## Chesterfield Food Bank
Annual Report and Financial Statements
for the Year Ended 30 September 2024
## **Chesterfield Food Bank**
## **Contents (continued)**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to
17|
## **Chesterfield Food Bank**
## **Reference and Administrative Details**
## **Chairman**
Reverend Daniel Benedict Cooke
## **Trustees**
Ms Penelope Hargreaves Reverend Daniel Benedict Cooke Mr Alan Julian Ramsey
Mrs Nicola Fletcher Mr John Bruce Roberts Mr Jeffrey Peter Kitts Ms Sarah Menzies Mr Ian Hayes
**Other Officers**
Mr Stuart Andrew Tilley, Treasurer
**Charity Registration Number**
1174426
## **Principal Office**
Unit 3 Carwood Road Industrial Estate Carwood Road Sheepbridge Chesterfield S41 9QB
## **Independent Examiner**
M.G. WALKER & CO. LIMITED The Coach House 119 High Street, Chesterfield S45 9DZ
## **Chesterfield Food Bank**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 30 September 2024.
## **Objectives and activities**
## _**Public benefit**_
Activities undertaken to further public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Structure, governance and management Financial instruments**
## _**Objectives and policies**_
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
## _**Cash flow risk**_
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
## _**Liquidity risk**_
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
The annual report was approved by the trustees of the charity on 25 November 2024 and signed on its behalf by:
## **Chesterfield Food Bank**
## **Trustees' Report (continued)**
......................................... Ms Penelope Hargreaves Trustee
......................................... Reverend Daniel Benedict Cooke Chairman and trustee
## **Chesterfield Food Bank**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- • observe the methods and principles in the Charities SORP; • make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 25 November 2024 and signed on its behalf by:
......................................... Ms Penelope Hargreaves Trustee P ......................................... Reverend Daniel Benedict Cooke Chairman and trustee
## **Chesterfield Food Bank**
## **Independent Examiner's Report to the trustees of Chesterfield Food Bank**
I report to the trustees on my examination of the accounts of Chesterfield Food Bank for the year ended 30 September 2024.
## **Responsibilities and basis of report**
As the charity trustees of Chesterfield Food Bank 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 Chesterfield Food Bank 's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since Chesterfield Food Bank 's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
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 Chesterfield Food Bank 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 accounting 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.
...................................... M.G. WALKER & CO. LIMITED
The Coach House 119 High Street, Chesterfield S45 9DZ
25 November 2024
## **Chesterfield Food Bank**
**Statement of Financial Activities for the Year Ended 30 September 2024**
||**Note**|**Unrestricted**
**funds**
**£**|**Restricted**
**funds**
**£**|**Total**
**2024**
**£**|
|---|---|---|---|---|
|**Income and Endowments from:**|||||
|Donations and legacies||131,713|125,282|256,995|
|Total income||131,713|125,282|256,995|
|**Expenditure on:**|||||
|Charitable activities||(92,165)|(120,033)|(212,198)|
|Total expenditure||(92,165)|(120,033)|(212,198)|
|Net income||39,548|5,249|44,797|
|Net movement in funds||39,548|5,249|44,797|
|**Reconciliation of funds**|||||
|Total funds brought forward||118,882|39,668|158,550|
|Total funds carried forward|12|158,430|44,917|203,347|
||**Note**|**Unrestricted**
**funds**
**£**|**Restricted**
**funds**
**£**|**Total**
**2023**
**£**|
|**Income and Endowments from:**|||||
|Donations and legacies||107,936|71,391|179,327|
|Total income||107,936|71,391|179,327|
|**Expenditure on:**|||||
|Charitable activities||(79,497)|(77,460)|(156,957)|
|Total expenditure||(79,497)|(77,460)|(156,957)|
|Net income/(expenditure)||28,439|(6,069)|22,370|
|Net movement in funds||28,439|(6,069)|22,370|
|**Reconciliation of funds**|||||
|Total funds brought forward||90,443|45,737|136,180|
|Total funds carried forward|12|118,882|39,668|158,550|
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 12.
**Chesterfield Food Bank**
**Balance Sheet as at 30 September 2024**
## **(Registration number: 1174426)**
**2024 2023 Note £ £** ~~a~~ **Fixed assets** ~~SEE~~ Tangible assets 7 9,732 14,598 **Current assets** ~~Sn~~ Debtors 8 - 2,084 Cash at bank and in hand 9 195,670 150,647 195,670 152,731 ~~a~~ **Creditors: Amounts falling due within one year** 10 (2,055) (8,779) **Net current** assets 193,615 143,952 **Net** assets 203,347 158,550 **Funds of the charity: Restricted income funds** ~~ee~~ Restricted funds 44,917 39,668 **Unrestricted income funds** ~~ee~~ Unrestricted funds 158,430 118,882 ~~ee~~ **Total funds** 12 203,347 158,550 The financial statements on pages 6 to 17 were approved by the trustees, and authorised for issue on 25 November 2024 and signed on their behalf by: ......................................... Rate Ms Penelope Hargreaves Trustee ......................................... Reverend Daniel Benedict Cooke Chairman and trustee
## **Chesterfield Food Bank**
**Notes to the Financial Statements for the Year Ended 30 September 2024**
- PP **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Chesterfield Food Bank meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|residual value, over their expected useful economic life as follows:||
|---|---|
|**Asset class**|**Depreciation method and rate**|
|Motor Vehicles|5years straight line|
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed
contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## _**Debt instruments**_
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future
events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
## _**Investments**_
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## _**Derivative financial instruments**_
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
## _**Fair value measurement**_
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
## **2**
## **Income from donations and legacies**
|**2**|**2**|**Income from donations and legacies**|**Income from donations and legacies**|**Income from donations and legacies**|**Income from donations and legacies**|
|---|---|---|---|---|---|
||||**Unrestricted**
**funds**|**Restricted**|**Total**|
||||**General**
**£**|**funds**
**£**|**funds**
**£**|
|Donations and legacies;||||||
|Donations from individuals|||82,916|7,570|90,486|
|Grants,includingcapitalgrants;||||||
|Governmentgrants|||-|5,977|5,977|
|Grants from other charities|||48,797|111,735|160,532|
|**Total for 2024**|||131,713|125,282|256,995|
|**Total for 2023**|||107,936|71,391|179,327|
|**3**||**Analysis ofgovernance and support costs**||||
|**G**|**ov**|**ernance costs**||||
|||||**Unrestricted**
**funds**|**Total**|
|||||**General**
**£**|**funds**
**£**|
|Othergovernance costs||||1,069|1,069|
|**Total for 2024**||||1,069|1,069|
|**Total for 2023**||||1,932|1,932|
**Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## **4 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **5 Staff costs**
The aggregate payroll costs were as follows:
|**5**
**Staff costs**
The aggregate payroll costs were as follows:|||
|---|---|---|
||**2024**
**£**|**2023**
**£**|
|**Staff costs during theyear were:**|||
|Wages and salaries|54,357|44,531|
|Pension costs|1,246|930|
|Other staff costs|-|2,317|
||55,603|47,778|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
||**2024**
**No**|**2023**
**No**|
|---|---|---|
|Employees|2|2|
2 (2023 - 2) of the above employees participated in the Defined Contribution Pension Schemes.
No employee received emoluments of more than £60,000 during the year
## **Chesterfield Food Bank**
**Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## **6 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **7 Tangible fixed assets**
|**7**|**Tangible fixed assets**|**Tangible fixed assets**|**Tangible fixed assets**|**Tangible fixed assets**|**Tangible fixed assets**|
|---|---|---|---|---|---|
||||**Motor vehicles**
**£**||**Total**
**£**|
|**Cost**||||||
|At 1 October 2023|||24,330||24,330|
|At 30 September 2024|||24,330||24,330|
|**Depreciation**||||||
|At 1 October 2023|||9,732||9,732|
|Charge for theyear|||4,866||4,866|
|At 30 September 2024|||14,598||14,598|
|**Net book value**||||||
|At 30 September 2024|||9,732||9,732|
|At 30 September 2023|||14,598||14,598|
|**8**|**Debtors**|||||
||||**2024**
**£**||**2023**
**£**|
|Other debtors|||-||2,084|
|**9**|**Cash and cash equivalents**|||||
||||**2024**
**£**||**2023**
**£**|
|Cash at bank|||195,670||150,647|
|**10**|**Creditors: amounts falling due within oneyear**|||||
||||**2024**
**£**||**2023**
**£**|
|Other taxation and social security|||795||723|
|Other creditors|||1,260||8,056|
2,055
8,779
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## **11 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,246 (2023 - £930).
|**12**|**Funds**||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||**Balance at 1**
**October**
**2023**
**£**||**Incoming**
**resources**
**£**||**Resources**
**expended**
**£**||**Transfers**
**£**||**Balance at**
**30**
**September**
**2024**
**£**|
|**Unrestricted funds**|||||||||||
|General|||106,882|126,847||(87,299)||12,000||158,430|
|Designated|||12,000|-||-||(12,000)||-|
|**Total unrestricted funds**|||118,882|126,847||(87,299)|||-|158,430|
|**Restricted funds**|||39,668|125,282||(120,033)|||-|44,917|
|**Total funds**|||158,550|252,129||(207,332)|||-|203,347|
||||**Balance at 1**
**October 2022**
**£**||**Incoming**
**resources**
**£**||**Resources**
**expended**
**£**|||**Balance at 30**
**September**
**2023**
**£**|
|**Unrestricted funds**|||||||||||
|General|||78,443||103,070||(74,631)|||106,882|
|Designated|||12,000||-||-|||12,000|
|**Total unrestricted funds**|||90,443||103,070||(74,631)|||118,882|
|**Restricted funds**|||45,737||71,391||(77,460)|||39,668|
|**Total funds**|||136,180||174,461||(152,091)|||158,550|
|**13**|**Analysis of net assets between funds**||||||||||
**Chesterfield Food Bank**
**Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
||**Unrestricted**
**funds**|**Restricted**|**Total funds at**
**30 September**|
|---|---|---|---|
||**General**
**£**|**funds**
**£**|**2024**
**£**|
|Tangible fixed assets|9,732|-|9,732|
|Current assets|Current assets||150,753|44,917|195,670|
|---|---|---|---|---|---|
|Current liabilities|||(2,055)|-|(2,055)|
|Total net assets|||158,430|44,917|203,347|
||||**Unrestricted**
**funds**|**Restricted**|**Total funds at**
**30 September**|
||||**General**
**£**|**funds**
**£**|**2023**
**£**|
|Tangible fixed assets|||14,598|-|14,598|
|Current assets|||113,060|39,671|152,731|
|Current liabilities|||(8,779)|-|(8,779)|
|Total net assets|||118,879|39,671|158,550|
|**14**|**Analysis of net funds**|||||
|||||**At 1 October**
**2023**
**£**|**At 30**
**September**
**2024**
**£**|
|Cash at bank and in hand||||150,647|150,647|
|Net debt||||150,647|150,647|
||||**At 1 October**
**2022**
**£**|**Financing cash**
**flows**
**£**|**At 30**
**September**
**2023**
**£**|
|Cash at bank and in hand|||118,456|32,190|150,646|
|Debt due within oneyear|||(1,740)|(6,316)|(8,056)|
|Net debt|||116,716|25,874|142,590|
|**15**|**Relatedparty transactions**|||||
There were no related party transactions in the year.
## **Chesterfield Food Bank**
## **Statement of Financial Activities by fund for the Year Ended 30 September 2024**
||**Total**
**Unrestricted**
**Funds**
**2024**
**£**|**Total**
**Unrestricted**
**Funds**
**2023**
**£**|
|---|---|---|
|**Income and Endowments from:**|||
|Donations and legacies|131,713|107,936|
|Total income|131,713|107,936|
|**Expenditure on:**|||
|Charitable activities|(92,165)|(79,497)|
|Total expenditure|(92,165)|(79,497)|
|Net income|39,548|28,439|
|Net movement in funds|39,548|28,439|
|**Reconciliation of funds**|||
|Total funds brought forward|118,882|90,443|
|---|---|---|
|Total funds carried forward|158,430|118,882|
## **Chesterfield Food Bank**
## **Statement of Financial Activities by fund for the Year Ended 30 September 2024 (continued)**
||**Total**
**Restricted**
**Funds**
**2024**
**£**|**Total**
**Restricted**
**Funds**
**2023**
**£**|
|---|---|---|
|**Income and Endowments from:**|||
|Donations and legacies|125,282|71,391|
|Total income|125,282|71,391|
|**Expenditure on:**|||
|Charitable activities|(120,033)|(77,460)|
|Total expenditure|(120,033)|(77,460)|
|Net income/(expenditure)|5,249|(6,069)|
|Net movement in funds|5,249|(6,069)|
|**Reconciliation of funds**|||
|Total funds brought forward|39,668|45,737|
|Total funds carried forward|44,917|39,668|
## **Chesterfield Food Bank**
**Detailed Statement of Financial Activities for the Year Ended 30 September 2024**
||**Total**
**2024**
**£**|**Total**
**2023**
**£**|
|---|---|---|
|**Income and Endowments from:**|||
|Donations and legacies(analysed below)|256,995|179,327|
|Total income|256,995|179,327|
|**Expenditure on:**|||
|Charitable activities(analysed below)|(212,198)|(156,957)|
|Total expenditure|(212,198)|(156,957)|
|Net income|44,797|22,370|
|Net movement in funds|44,797|22,370|
|**Reconciliation of funds**|||
|Total funds brought forward|158,550|136,180|
|Total funds carried forward|203,347|158,550|
## **Chesterfield Food Bank**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2024 (continued)**
||**Total**
**2024**
**£**|**Total**
**2023**
**£**|
|---|---|---|
|**_Donations and legacies_**|||
|Appeals and donations|7,570|-|
|Appeals and donations|77,572|79,241|
|Gift Aid tax reclaimed|5,344|8,389|
|UK Governmentgrants|-|2,000|
|UK Governmentgrants|5,977|-|
|Grants - other agencies|41,305|7,000|
|Grants - other agencies|-|5,000|
|Grants - other agencies|-|500|
|Grants - other agencies|6,188|12,375|
|Grants - other agencies|44,903|44,516|
|Grants - other agencies|19,339|-|
|Grants - other agencies|48,797|20,306|
||256,995|179,327|
|**_Charitable activities_**|||
|Purchases|(14,390)|(7,000)|
|Purchases|-|(2,000)|
|Purchases|-|(5,000)|
|Purchases|-|(500)|
|Purchases|(19,338)|-|
|Purchases|(5,977)|-|
|Purchases|(34,530)|(20,858)|
|Sundryexpenses|(198)|-|
|Sundryexpenses|(231)|(830)|
|Depreciation of motor vehicles|(4,866)|(4,866)|
|Propertyrepairs|(1,119)|-|
|Propertyrepairs|(2,707)|(3,295)|
|Wages and salaries|-|(12,640)|
|Wages and salaries|(11,287)|-|
|Wages and salaries|(9,281)|(6,188)|
|Wages and salaries|(33,789)|(25,703)|
|Staffpensions(Defined contribution)-pension scheme 1|(1,246)|(930)|
|Subcontract cost|-|(33,099)|
|Subcontract cost|(44,132)|(11,033)|
|Staff training|-|(2,317)|
|Volunteer expenses|(289)|-|
|Volunteer expenses|(105)|(431)|
|Rent|(9,439)|-|
|Rent|(3,771)|(6,192)|
**Chesterfield Food Bank**
**Detailed Statement of Financial Activities for the Year Ended 30 September 2024**
## **(continued)**
||**Total**
**2024**
**£**|**Total**
**2023**
**£**|
|---|---|---|
|Water rates|(102)|-|
|Water rates|(155)|(419)|
|Light,heat andpower|(768)|-|
|Light,heat andpower|(1,435)|(1,292)|
|Insurance|(693)|-|
|Insurance|(540)|(1,103)|
|Equipment repairs and renewals|(122)|-|
|Equipment repairs and renewals|(269)|(1,441)|
|Telephone and fax|(290)|-|
|Telephone and fax|(714)|(1,897)|
|Office expenses|(697)|-|
|Office expenses|(485)|(1,055)|
|Printing, postage and stationery|(1,911)|-|
|Printing, postage and stationery|(1,946)|(1,759)|
|Motor expenses|(3,839)|(2,956)|
|Trade subscriptions|(468)|(221)|
|Accountancyfees|(1,069)|(1,932)|
||(212,198)|(156,957)|
Charity registration number: 1174426
## Chesterfield Food Bank
Annual Report and Financial Statements
for the Year Ended 30 September 2024
## **Chesterfield Food Bank**
## **Contents (continued)**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to
17|
## **Chesterfield Food Bank**
## **Reference and Administrative Details**
## **Chairman**
Reverend Daniel Benedict Cooke
## **Trustees**
Ms Penelope Hargreaves Reverend Daniel Benedict Cooke Mr Alan Julian Ramsey
Mrs Nicola Fletcher Mr John Bruce Roberts Mr Jeffrey Peter Kitts Ms Sarah Menzies Mr Ian Hayes
**Other Officers**
Mr Stuart Andrew Tilley, Treasurer
**Charity Registration Number**
1174426
## **Principal Office**
Unit 3 Carwood Road Industrial Estate Carwood Road Sheepbridge Chesterfield S41 9QB
## **Independent Examiner**
M.G. WALKER & CO. LIMITED The Coach House 119 High Street, Chesterfield S45 9DZ
## **Chesterfield Food Bank**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 30 September 2024.
## **Objectives and activities**
## _**Public benefit**_
Activities undertaken to further public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Structure, governance and management Financial instruments**
## _**Objectives and policies**_
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
## _**Cash flow risk**_
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
## _**Liquidity risk**_
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
The annual report was approved by the trustees of the charity on 25 November 2024 and signed on its behalf by:
## **Chesterfield Food Bank**
## **Trustees' Report (continued)**
......................................... Ms Penelope Hargreaves Trustee
......................................... Reverend Daniel Benedict Cooke Chairman and trustee
## **Chesterfield Food Bank**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- • observe the methods and principles in the Charities SORP; • make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 25 November 2024 and signed on its behalf by:
......................................... Ms Penelope Hargreaves Trustee P ......................................... Reverend Daniel Benedict Cooke Chairman and trustee
## **Chesterfield Food Bank**
## **Independent Examiner's Report to the trustees of Chesterfield Food Bank**
I report to the trustees on my examination of the accounts of Chesterfield Food Bank for the year ended 30 September 2024.
## **Responsibilities and basis of report**
As the charity trustees of Chesterfield Food Bank 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 Chesterfield Food Bank 's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since Chesterfield Food Bank 's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
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 Chesterfield Food Bank 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 accounting 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.
...................................... M.G. WALKER & CO. LIMITED
The Coach House 119 High Street, Chesterfield S45 9DZ
25 November 2024
## **Chesterfield Food Bank**
**Statement of Financial Activities for the Year Ended 30 September 2024**
||**Note**|**Unrestricted**
**funds**
**£**|**Restricted**
**funds**
**£**|**Total**
**2024**
**£**|
|---|---|---|---|---|
|**Income and Endowments from:**|||||
|Donations and legacies||131,713|125,282|256,995|
|Total income||131,713|125,282|256,995|
|**Expenditure on:**|||||
|Charitable activities||(92,165)|(120,033)|(212,198)|
|Total expenditure||(92,165)|(120,033)|(212,198)|
|Net income||39,548|5,249|44,797|
|Net movement in funds||39,548|5,249|44,797|
|**Reconciliation of funds**|||||
|Total funds brought forward||118,882|39,668|158,550|
|Total funds carried forward|12|158,430|44,917|203,347|
||**Note**|**Unrestricted**
**funds**
**£**|**Restricted**
**funds**
**£**|**Total**
**2023**
**£**|
|**Income and Endowments from:**|||||
|Donations and legacies||107,936|71,391|179,327|
|Total income||107,936|71,391|179,327|
|**Expenditure on:**|||||
|Charitable activities||(79,497)|(77,460)|(156,957)|
|Total expenditure||(79,497)|(77,460)|(156,957)|
|Net income/(expenditure)||28,439|(6,069)|22,370|
|Net movement in funds||28,439|(6,069)|22,370|
|**Reconciliation of funds**|||||
|Total funds brought forward||90,443|45,737|136,180|
|Total funds carried forward|12|118,882|39,668|158,550|
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 12.
**Chesterfield Food Bank**
**Balance Sheet as at 30 September 2024**
## **(Registration number: 1174426)**
**2024 2023 Note £ £** ~~a~~ **Fixed assets** ~~SEE~~ Tangible assets 7 9,732 14,598 **Current assets** ~~Sn~~ Debtors 8 - 2,084 Cash at bank and in hand 9 195,670 150,647 195,670 152,731 ~~a~~ **Creditors: Amounts falling due within one year** 10 (2,055) (8,779) **Net current** assets 193,615 143,952 **Net** assets 203,347 158,550 **Funds of the charity: Restricted income funds** ~~ee~~ Restricted funds 44,917 39,668 **Unrestricted income funds** ~~ee~~ Unrestricted funds 158,430 118,882 ~~ee~~ **Total funds** 12 203,347 158,550 The financial statements on pages 6 to 17 were approved by the trustees, and authorised for issue on 25 November 2024 and signed on their behalf by: ......................................... Rate Ms Penelope Hargreaves Trustee ......................................... Reverend Daniel Benedict Cooke Chairman and trustee
## **Chesterfield Food Bank**
**Notes to the Financial Statements for the Year Ended 30 September 2024**
- PP **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Chesterfield Food Bank meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|residual value, over their expected useful economic life as follows:||
|---|---|
|**Asset class**|**Depreciation method and rate**|
|Motor Vehicles|5years straight line|
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed
contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## _**Debt instruments**_
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future
events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
## _**Investments**_
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## _**Derivative financial instruments**_
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
## _**Fair value measurement**_
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
## **2**
## **Income from donations and legacies**
|**2**|**2**|**Income from donations and legacies**|**Income from donations and legacies**|**Income from donations and legacies**|**Income from donations and legacies**|
|---|---|---|---|---|---|
||||**Unrestricted**
**funds**|**Restricted**|**Total**|
||||**General**
**£**|**funds**
**£**|**funds**
**£**|
|Donations and legacies;||||||
|Donations from individuals|||82,916|7,570|90,486|
|Grants,includingcapitalgrants;||||||
|Governmentgrants|||-|5,977|5,977|
|Grants from other charities|||48,797|111,735|160,532|
|**Total for 2024**|||131,713|125,282|256,995|
|**Total for 2023**|||107,936|71,391|179,327|
|**3**||**Analysis ofgovernance and support costs**||||
|**G**|**ov**|**ernance costs**||||
|||||**Unrestricted**
**funds**|**Total**|
|||||**General**
**£**|**funds**
**£**|
|Othergovernance costs||||1,069|1,069|
|**Total for 2024**||||1,069|1,069|
|**Total for 2023**||||1,932|1,932|
**Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## **4 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **5 Staff costs**
The aggregate payroll costs were as follows:
|**5**
**Staff costs**
The aggregate payroll costs were as follows:|||
|---|---|---|
||**2024**
**£**|**2023**
**£**|
|**Staff costs during theyear were:**|||
|Wages and salaries|54,357|44,531|
|Pension costs|1,246|930|
|Other staff costs|-|2,317|
||55,603|47,778|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
||**2024**
**No**|**2023**
**No**|
|---|---|---|
|Employees|2|2|
2 (2023 - 2) of the above employees participated in the Defined Contribution Pension Schemes.
No employee received emoluments of more than £60,000 during the year
## **Chesterfield Food Bank**
**Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## **6 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **7 Tangible fixed assets**
|**7**|**Tangible fixed assets**|**Tangible fixed assets**|**Tangible fixed assets**|**Tangible fixed assets**|**Tangible fixed assets**|
|---|---|---|---|---|---|
||||**Motor vehicles**
**£**||**Total**
**£**|
|**Cost**||||||
|At 1 October 2023|||24,330||24,330|
|At 30 September 2024|||24,330||24,330|
|**Depreciation**||||||
|At 1 October 2023|||9,732||9,732|
|Charge for theyear|||4,866||4,866|
|At 30 September 2024|||14,598||14,598|
|**Net book value**||||||
|At 30 September 2024|||9,732||9,732|
|At 30 September 2023|||14,598||14,598|
|**8**|**Debtors**|||||
||||**2024**
**£**||**2023**
**£**|
|Other debtors|||-||2,084|
|**9**|**Cash and cash equivalents**|||||
||||**2024**
**£**||**2023**
**£**|
|Cash at bank|||195,670||150,647|
|**10**|**Creditors: amounts falling due within oneyear**|||||
||||**2024**
**£**||**2023**
**£**|
|Other taxation and social security|||795||723|
|Other creditors|||1,260||8,056|
2,055
8,779
## **Chesterfield Food Bank**
## **Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
## **11 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,246 (2023 - £930).
|**12**|**Funds**||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||**Balance at 1**
**October**
**2023**
**£**||**Incoming**
**resources**
**£**||**Resources**
**expended**
**£**||**Transfers**
**£**||**Balance at**
**30**
**September**
**2024**
**£**|
|**Unrestricted funds**|||||||||||
|General|||106,882|126,847||(87,299)||12,000||158,430|
|Designated|||12,000|-||-||(12,000)||-|
|**Total unrestricted funds**|||118,882|126,847||(87,299)|||-|158,430|
|**Restricted funds**|||39,668|125,282||(120,033)|||-|44,917|
|**Total funds**|||158,550|252,129||(207,332)|||-|203,347|
||||**Balance at 1**
**October 2022**
**£**||**Incoming**
**resources**
**£**||**Resources**
**expended**
**£**|||**Balance at 30**
**September**
**2023**
**£**|
|**Unrestricted funds**|||||||||||
|General|||78,443||103,070||(74,631)|||106,882|
|Designated|||12,000||-||-|||12,000|
|**Total unrestricted funds**|||90,443||103,070||(74,631)|||118,882|
|**Restricted funds**|||45,737||71,391||(77,460)|||39,668|
|**Total funds**|||136,180||174,461||(152,091)|||158,550|
|**13**|**Analysis of net assets between funds**||||||||||
**Chesterfield Food Bank**
**Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)**
||**Unrestricted**
**funds**|**Restricted**|**Total funds at**
**30 September**|
|---|---|---|---|
||**General**
**£**|**funds**
**£**|**2024**
**£**|
|Tangible fixed assets|9,732|-|9,732|
|Current assets|Current assets||150,753|44,917|195,670|
|---|---|---|---|---|---|
|Current liabilities|||(2,055)|-|(2,055)|
|Total net assets|||158,430|44,917|203,347|
||||**Unrestricted**
**funds**|**Restricted**|**Total funds at**
**30 September**|
||||**General**
**£**|**funds**
**£**|**2023**
**£**|
|Tangible fixed assets|||14,598|-|14,598|
|Current assets|||113,060|39,671|152,731|
|Current liabilities|||(8,779)|-|(8,779)|
|Total net assets|||118,879|39,671|158,550|
|**14**|**Analysis of net funds**|||||
|||||**At 1 October**
**2023**
**£**|**At 30**
**September**
**2024**
**£**|
|Cash at bank and in hand||||150,647|150,647|
|Net debt||||150,647|150,647|
||||**At 1 October**
**2022**
**£**|**Financing cash**
**flows**
**£**|**At 30**
**September**
**2023**
**£**|
|Cash at bank and in hand|||118,456|32,190|150,646|
|Debt due within oneyear|||(1,740)|(6,316)|(8,056)|
|Net debt|||116,716|25,874|142,590|
|**15**|**Relatedparty transactions**|||||
There were no related party transactions in the year.
## **Chesterfield Food Bank**
## **Statement of Financial Activities by fund for the Year Ended 30 September 2024**
||**Total**
**Unrestricted**
**Funds**
**2024**
**£**|**Total**
**Unrestricted**
**Funds**
**2023**
**£**|
|---|---|---|
|**Income and Endowments from:**|||
|Donations and legacies|131,713|107,936|
|Total income|131,713|107,936|
|**Expenditure on:**|||
|Charitable activities|(92,165)|(79,497)|
|Total expenditure|(92,165)|(79,497)|
|Net income|39,548|28,439|
|Net movement in funds|39,548|28,439|
|**Reconciliation of funds**|||
|Total funds brought forward|118,882|90,443|
|---|---|---|
|Total funds carried forward|158,430|118,882|
## **Chesterfield Food Bank**
## **Statement of Financial Activities by fund for the Year Ended 30 September 2024 (continued)**
||**Total**
**Restricted**
**Funds**
**2024**
**£**|**Total**
**Restricted**
**Funds**
**2023**
**£**|
|---|---|---|
|**Income and Endowments from:**|||
|Donations and legacies|125,282|71,391|
|Total income|125,282|71,391|
|**Expenditure on:**|||
|Charitable activities|(120,033)|(77,460)|
|Total expenditure|(120,033)|(77,460)|
|Net income/(expenditure)|5,249|(6,069)|
|Net movement in funds|5,249|(6,069)|
|**Reconciliation of funds**|||
|Total funds brought forward|39,668|45,737|
|Total funds carried forward|44,917|39,668|
## **Chesterfield Food Bank**
**Detailed Statement of Financial Activities for the Year Ended 30 September 2024**
||**Total**
**2024**
**£**|**Total**
**2023**
**£**|
|---|---|---|
|**Income and Endowments from:**|||
|Donations and legacies(analysed below)|256,995|179,327|
|Total income|256,995|179,327|
|**Expenditure on:**|||
|Charitable activities(analysed below)|(212,198)|(156,957)|
|Total expenditure|(212,198)|(156,957)|
|Net income|44,797|22,370|
|Net movement in funds|44,797|22,370|
|**Reconciliation of funds**|||
|Total funds brought forward|158,550|136,180|
|Total funds carried forward|203,347|158,550|
## **Chesterfield Food Bank**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2024 (continued)**
||**Total**
**2024**
**£**|**Total**
**2023**
**£**|
|---|---|---|
|**_Donations and legacies_**|||
|Appeals and donations|7,570|-|
|Appeals and donations|77,572|79,241|
|Gift Aid tax reclaimed|5,344|8,389|
|UK Governmentgrants|-|2,000|
|UK Governmentgrants|5,977|-|
|Grants - other agencies|41,305|7,000|
|Grants - other agencies|-|5,000|
|Grants - other agencies|-|500|
|Grants - other agencies|6,188|12,375|
|Grants - other agencies|44,903|44,516|
|Grants - other agencies|19,339|-|
|Grants - other agencies|48,797|20,306|
||256,995|179,327|
|**_Charitable activities_**|||
|Purchases|(14,390)|(7,000)|
|Purchases|-|(2,000)|
|Purchases|-|(5,000)|
|Purchases|-|(500)|
|Purchases|(19,338)|-|
|Purchases|(5,977)|-|
|Purchases|(34,530)|(20,858)|
|Sundryexpenses|(198)|-|
|Sundryexpenses|(231)|(830)|
|Depreciation of motor vehicles|(4,866)|(4,866)|
|Propertyrepairs|(1,119)|-|
|Propertyrepairs|(2,707)|(3,295)|
|Wages and salaries|-|(12,640)|
|Wages and salaries|(11,287)|-|
|Wages and salaries|(9,281)|(6,188)|
|Wages and salaries|(33,789)|(25,703)|
|Staffpensions(Defined contribution)-pension scheme 1|(1,246)|(930)|
|Subcontract cost|-|(33,099)|
|Subcontract cost|(44,132)|(11,033)|
|Staff training|-|(2,317)|
|Volunteer expenses|(289)|-|
|Volunteer expenses|(105)|(431)|
|Rent|(9,439)|-|
|Rent|(3,771)|(6,192)|
**Chesterfield Food Bank**
**Detailed Statement of Financial Activities for the Year Ended 30 September 2024**
## **(continued)**
||**Total**
**2024**
**£**|**Total**
**2023**
**£**|
|---|---|---|
|Water rates|(102)|-|
|Water rates|(155)|(419)|
|Light,heat andpower|(768)|-|
|Light,heat andpower|(1,435)|(1,292)|
|Insurance|(693)|-|
|Insurance|(540)|(1,103)|
|Equipment repairs and renewals|(122)|-|
|Equipment repairs and renewals|(269)|(1,441)|
|Telephone and fax|(290)|-|
|Telephone and fax|(714)|(1,897)|
|Office expenses|(697)|-|
|Office expenses|(485)|(1,055)|
|Printing, postage and stationery|(1,911)|-|
|Printing, postage and stationery|(1,946)|(1,759)|
|Motor expenses|(3,839)|(2,956)|
|Trade subscriptions|(468)|(221)|
|Accountancyfees|(1,069)|(1,932)|
||(212,198)|(156,957)|