2023-12-31-accounts - Truro Foodbank

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Truro Foodbank is a charity based in the Truro area and operating under the umbrella of the Trussell Trust. Our principles and those of Trussell Trust are shaped and guided by Christian principles to meet the needs of our neighbours in poverty.

Our Vision

Our vision is not only to meet the immediate needs of those who are hungry by provision of food, but to address the causes of poverty by provision of advice and assistance.

This reflects the Vision of The Trussell Trust which is “to end the need for foodbanks in the UK”.

Our Values

Our values are the fundamental driving principles that encapsulate the passion and motivation for our work. They have strong roots in Christian teaching and practice, whilst also being accessible and meaningful for people, whatever their background.

Compassion: We stand in solidarity with people locally that need our help. We put their wellbeing above everything else. We always uphold and protect their dignity.
Justice: We are motivated by a desire to see a more just society in the Truro area. It’s not right that anyone is facing hunger and poverty. Everyone should have enough income to afford the essentials.
Community: We believe we share the responsibility to support one another in our community, and more broadly to work with other foodbanks both locally and nationally. To create change, we must work together for a fairer society.
Dignity: We believe that every individual person matters and has innate worth. We seek to meet our customers’ needs regardless of background. We seek to address each person’s need for material provision, and just as importantly the need for self-worth.

A key feature in the last 12 months has been a marked decrease in donations of food (as opposed to financial donations). That mirrors the experience of other foodbanks across the country. Need however has not decreased: we continue to feed customers at record levels. The result is that we are spending an increasing amount on buying in food to donate.

Staff

Out staff team remains unchanged. Simon has taken on an additional role funded by Trussell as a campaign organiser, coordinating a “grass roots” campaign to incorporate the experiences of former customers into applying pressure locally amongst decision-makers to effect change.

Our staff were routinely working overtime, which is a reflection of their dedication. The Trustees took the decision that since that routine overtime was in effect “baked in”, it was only appropriate to increase the core hours of staff so that they could rely on the extra income it brings with it.

Given our commitment to promoting the Living Wage, we have also increased staff wages in line with increases in the Living Wage.

Charity no. 1176281. Registered in England and Wales

Volunteers

Our volunteers remain absolutely essential and we could not operate without their tireless assistance. The reduction in food donations has reduced our need for volunteers to sort food, but all our volunteers remain an essential part of our mission.

Premises

We have now moved to our own rented premises in Threemilestone on the edge of Truro.

Initial concerns that by removing ourselves from the centre of the City we would be less able to meet the needs of customers have not been borne out: the new premises are a short walk from the Park and Ride, and on a major bus route.

The premises have enabled us to change the way customers receive food and we operate a supermarket – style system: customers are able to choose the particular food items they want from selected categories. That has been well received: It provides us with confidence that we are providing food that will readily be enjoyed; and the choice it offers customers leads to a more dignified experience.

Finances

We continue to be in a fortunate financial position: our income still exceeds our regular outgoings, but the increasing need to buy food may require us to use capital reserves, and the Trustees have already determined that we must do so without hesitation: money is primarily donated to provide food, and we must do so.

It also remains the case that in order to meet the needs of customers we have overheads including staff and accommodation costs.

We continue to hold a significant amount of capital with a hope to be able to buy our own premises.

Policies

We now have a regular programme of policy reviews, and of ensuring that we comply with the policies we have in place.

Jo Stone

Chair of Trustees

Charity no. 1176281. Registered in England and Wales

TRURO FOODBANK TRURO CORNWALL CHARITY NUMBER 1176281 REGISTERED IN ENGLAND AND WALES THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 BALME KITCHEN & PEARCE LTD CHARTERED ACCOUNTANTS 25 LEMON STREET TRURO CORNWALL TRURO FOODBANK

CONTENTS PAGE TRUSTEE'S REPORT 213 TREASURER'S REPORT NDEPENDENT EXAMINER'S REPORT 516 ACCOUNTS SIGNATURES G:ICustom¢rAreaKTRURO FOODBANKI20231AccountsY88r Ended 31 Dec 2023.docx

TRURO FOODBANK TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2023 AGEI ALL SAINTS CHURCH HIGHERTOWN TRESAWLS ROAD TRURO TR13LD REGISTERED CHARITY NUMBER 1176281 The Irustees present their report and accounts for the year ended 31 De¢8mber 2023. Trustse8: The following Trustees have seived during the year. Jonathan Paul Stone Wendy Elizabèth Joy Vlncent John Malcolm Hgrmlerson Donna Rosemarie Bryant Rowley Surridge Roger Paul Chllman Rev. Jill Edwards Elaine Parsons Wlliam Franc18 H8lnes Independent Examlner. T J DaWn FCA Balmg Kitchon & Pearce Ltd Chartered Accountants 25 Lemon Slreet TRURO Cornwall TR12LS Banker8.' The C04)p&rallve Bank PLC PO BOX 101 1 Balloon Street Manchester M60 4EP Govemlng Document The Truro Foodbank Ss constituted by CIO- FOUNDATION Registered 14 December 2017 Objects and Organlsatlon 1) The provention or rellef of povety in TruTO and surroundlng nelght*)urhood$ by provlding ilemg and services to individual8 in need, and to charllles or other organisalions worklng to pr8venl or relieve povety, in such ways as the trustees think fil. In furtherance of these objects, to supply lo beneficiaries. either directly or through agency partners approved by the Trustees, food boxes containing primarily tinned or dried food8, ensuring a healthy balanced and nutritious diet, sufficient for up lo Ihr8e day8. 21 to engag8 in any other acllvities consistent with the primary purpDse of the charity including, bul not limited to, the provision of counselling and other advisc¥y setvices. G'.ICustomerAreBITRURO FOODBANKI20231Ac¢ount8Yeer Ended 31 Dec 2023.docx

PAGE 2 In IIBht of the ongolng cost of Ilving crisis and the potentlal need to make plansfor purchaslng premise5 It is good to see that the bank balance has increased In 2023 from £136,626 to £222,656 and In 2024 to £351,143. This 15 split, wlth the majority In the Coop Buslne55 Banking account, 8 Virgin Money savings a¢count1£8,0001 and a very small balance in a second Coop account whlch stlll recelves some standlng order donatlons whlch have not been transferred to the new account. The application for a Flagstone actount which would return a better rate of interest is underway. All the paperwork has been returned to them and we awalt the openlng of the account, In order to set budgets based on knowledge of what Is regular Income the regular and irregular re[pts have been separated for 2023. A large prow)rtlon of the income is still comlng from the CAF 'button' on the website. On these donatlons any Gift Aid comes dlrect wlth the payments. Thls currently provides 71 regular monthly donatlon5 totalllng £2,594 rou8hly the same as last year. There are 57 regular donatlons dlrect to the TFB account, Including those from two churches, totalling £2,165, Including Gift Ald where applicable. Overall, this gives us a monthly income from re8ular donatlons of £4,760 roughly In Ilne with last year. In addition to personal donations, schools, buslnesses and churches have been particularly generous In the lead up to Chrlstmas and varlous organlsatlons and groups have held fundralslng events. There ha5 been an Increase in the donatlons from Tesco whlch is based on the quantity of food donated throu8h thelr stores, The grants from Cornwall Communlty Fund (for fuel vouchers) and Sembrador (for frult and veg vouchers) have been fully used. The grants for Tara from Cltlzens Advlce, ftir the Truro Local Organi5er post and Real Farmln8 Trust for TwlnninB arÈ all partlally used (see the allocated funds at the base of the flgures for the remaining balances), The 8rant glven to ASH for the building of a kltchen but now tUrned to TFB isn't really income but needs to be shown In the accounts. The equipment includes the purchase of the shed. The 'office expenses, total includes offlce sundrles, volunteer refreshments for Tesco speclal collectlon days, as well assome Off1 set-up ¢ostsforTMS. The van expenses Include the work requlred to repalr the van, the hire of a van whllst the work was wmpleted, vehlcle Insurance, tax and fuel. The wa8es have Increased malnly due to the Incluslon of the TLO post but also due to addltlonal hours to cover the Increase In workload and pay in¢rease5. The property costs represent the final payments for Church Walk and the TMS rent and Insurance from July onwards. Fuel vouchers, flnanced In part by the Cornwall Communlty Fund, increased last year but have now been lar8ely replaced by a551Stance from Community Energy Plus. G-ICustomerAraalTRURO FOOD8ANKI2023IAccount$Ye8r Ended $1 Dec 2023.docx

PAGE 3 As has been hlghllghted at Trustees, Meetin8S throughout the year the purchase of grocerles has become a regular ne5$[ty, The provlslon of Frult & Veg and Meat vouchers ha$ also increased but has been funded In part by the grantfrom Sembrador. As noted above some of the Flnancial Incluslon 8rant for Tara from Citlzens Advlce145%1, for the Truro Local Organiser post125%1 and Real Farming Trust for Twinnlng141%1 remaln as funds allocated for these purposes. In order to plan for the replacement of the van at some polnt In the future a further £2,000 has been added to the van 'slnklng fund,? O'.ICu$tomerAre8lTRURO FOODBANM2023IAccount8 Year Ended 311)ec 2D28.do¢x

PAGE 4 TRURO FOODBANK INDEPENDENT EXAMINER'S REPORT TO T E TRUSTEES OF TRU O FOODBANK I report on the accounts of the Tfusl for the year en¢Jed 31 December 2023, whioh are set out on pag8s 415. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The Charity's Tritstees ¢onskler that an audlt Is not required for this year in accordan wilh the Charities Act 2011 (thè act) and that an independent examlnalion is needed. It is my responsibility to.. Examine accounts (undér seotion 145 of the aGII', To follow the procedure8 laid down in the General reCtionS given by the Charlty Commisslon (under section 14515llbl of the act and To state whether pa¥ttcul8r matler8 have come lo our attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examlnatlon was carri8d out in accordance wlth the General Dlre¢tions glven by the Charlty Commlssloners. An examination includes a review of the accounting reGord5 kept by the ch8rlty and a comparison of the accounts presented with those Tecords. It also includes Gonsideration of any unusual ltsms or dIsclosu In the accounts and seeking explanations from you as trustee5 Goncerning any ¥u¢h matters. The proc&dure¥ undertaken do not provide all the evidence that would be required In an audit, and consequently I do not express an 8udlt oplnion on the vlew given by the accounts. INDEPENDENT EXAMINER'S STATEMENT In connecllon with my examlnation, no matter has come to my attention.. {11 whlch gives mè r&a8onabl& Cause to believe that in any material respect the trustees have not met the requirements to ensure that., proper accounting records are kept (ln accordan wtth seclbn 130 of the Act) and., accounts are prepared whlch agree wllh the accountlng records and coMY with the acwunling requlrements of tho Act., or (2) to which, In my opinion, attontion shotsld be drawn in order to enable a proper understandlng of the aocounls to b8 reached. T J Dawson FCA Balme Kitchen & Pearce Ltd Chartered A¢countsnts 25 Lemon Street TRURO Cornwall TR12LS G.,ICustomèrArealTRURO FOODBANKI2023IAc¢ountsYo0rEndod 31 DeG2023.docx

orth Y ar-lstj to31 2023 2022 Bank balance brought forward 222,656.00 136,626.00 Dirert doTr3tion5- glft aid clalmable (regular} Direct donations- gift aid claimable (one-off) Gift Aid Small Donations Scheme GA Clalmed Dlrect donations- 81ft aid not claimable Iregularl Dlrect donatlons - gift ald not claimable lone-offl Charities Ald Foundatlon 'button' Iregularl Charltles Ald Foundation 'button' lone-offl Fundraising events Schools / Buslnesses / Churches Iregularl Schools / Businesses / Churches lone-offj Tesco donatlon Interest Grants- Strategic Resource5 Grant Grants- Cornwall Communlty Fund / Sembrador Grants- Financlal Induslon for Citlzens Advlce Grants- Truro Local Or8anlser Grants- Real Farmlng Trust forTwlnning Returned Grant for ASH Kitchen 15,244.00 1,596.00 2,503.00 4,358.00 3,730.00 10,021.00 31,135.00 29,093.CQ 10,185.00 3.2(K).00 28,983.00 6,375.00 45.CXI 13,016.00 904.00 3,063.00 11,883.00 65,765.IXI 4,454.00 26,250.IXI 4,745.00 21.00 9,100.00 6,500.00 4,9CI).00 21,599.00 22,528.00 4,732.00 37,5Cl.0O Total IoMe 237.727.00 145.701.00 Trussell Trust E ulpment Offl Truro Local Organlser mlsc expenses Twlnning misc ex ense5 Van ex nses Mlleage Moblle phone Wage5 lincludlng TLO and twinnin Flnancial Inclusion to Citizens Advlce Water Workman / Vlcke Electrlclt Insurance 360.00 1.860.00 1,065.00 241.00 692.00 3,851.00 572.00 8.00 360.00 675.00 1,445.00 1,990.00 467.00 720,00 44,148.00 55,957.00 11.962.00 158.00 12,453.00 555,00 586.00 330.00 200.00 3,401.00 Holman / Threemilestone 560.00 491.00 820.00 163.00 Rates Fuel Equl ment for cooklng ett Groceries Fruit & Veg and Meat Vouchers 1,660.00 179.00 10,131.00 5,830.00 4,231.00 Totsl E¥pendlture 109,242.00 59,671,00 G,.ICustom8rAre&KTRURO FCM)D8ANKV0231A¢count8Year Endotl 31 D6Q 2023.docx

PAGE 6 ank- er20 Excess of Income Over Expendlture 128,485.00 86,030.00 Bank balance ¢arrled forward 351,141.00 222,656.00 Funds S e¢lll¢al All¢xated Perranporth Fund Sembrador Fund Van Islnking fund) Strateglc Resources Grant Trussell Trust Grant (for food Flnanclal Inclusion grant for CltSzens Advlce Grant for Truro Local OrBaniser grant from Real Farmlng Trust 500.00 1,500.00 6,ODO.00 2.275.00 5,000.00 8,CNJO.00 9,638,00 5,632.00 1,957.00 Twlnnin General Reserye 325,914.00 207.381.00

Truro F oun er 2023 PAGE 7 These accounts were approved by the Trustees on behalf by: and were signed on thelr G.,ICu8tomerAreBITRURO FOODBANKI202314c¢ount8 Yoar Ended 31 Dec2023.docx

CONTENTS PAGE TRUSTEE'S REPORT 213 TREASURER'S REPORT NDEPENDENT EXAMINER'S REPORT 516 ACCOUNTS SIGNATURES G:ICustom¢rAreaKTRURO FOODBANKI20231AccountsY88r Ended 31 Dec 2023.docx

Truro F oun er 2023 PAGE 7 These accounts were approved by the Trustees on behalf by: and were signed on thelr G.,ICu8tomerAreBITRURO FOODBANKI202314c¢ount8 Yoar Ended 31 Dec2023.docx