## ANNUAL REPORT 2024 Registered Charity Number 1177303 **Company Registration Number CEO13360** Principal Office Northgate Park Morpeth NE61 3BP |CHAIR:|Richard Charles Anderson| |---|---| |TREASURER:|John Rowley| |SECRETARY:|Mark Facey| |TRUSTEES:|Richard Charles Anderson| ||John Rowley| ||Mark Facey| ||David Lea| ||David Binns (resigned 14 Feb 2024)| ||Peter Robertson (resigned 17 Feb 2024)| ||Richard Scholfeld (resigned 24 Sept 2024)| |ASSOCIATES:|Karen Bower| ||Dawn Hallet| ||Sheila Rowley| |FOOD BANK|| |CO-ORDINATOR (Salaried):|Claire Slater| ||Helen Grifths (resigned June 2024)| |ADMIN SUPPORT|Karina Henery (appointed Sept 2024)| |INDEPENDENT EXAMINER:|Wellway Accountants Limited| ||Borough Hall| ||Wellway| ||Morpeth| ||NE61 1BN| 2 ## **Chairman’s Remarks** This has been a year of change for Wansbeck Valley Food Bank (WVFB). As stated last year our lease for the Food Bank warehouse was due to expire and over the past 12 months we have been operating from split locations on the Northgate Park site, a Portacabin, Grit Store and an Office. However, construction of our new permanent premises by Cumbria, Northumberland, Tyne and Wear Trust(CNTW) is nearing completion and we expect to relocate early 2025. In addition to our distribution point at Ashington YMCA we have added Hirst Welfare Hub as an additional distribution point operating on different days from the YMCA. It was mentioned at our last AGM that we have now partnered with the Full Circle Food Project who support and instruct those, living in South East Northumberland, with the rudiments of growing food and healthy cooking on a budget. As a result of this we now receive 30 to 40 microwaveable meals a week from Full Circle. The feedback from clients has been very positive. With the help of a grant from the National Lottery we were able to purchase a new van that can accommodate pallet size purchases of goods thus enabling us to obtain bulk purchase discounts with no delivery costs. During 2024 one of our salaried staff left and has now been replaced by a part time employee. We have also appointed two new Associate Trustees to help us expand our skill set. Welcome to all those involved. To all the many volunteers, in whatever role you have at the Food Bank, I would like to thank you all for your commitment throughout 2024. Also, I would like to thank Cumbria, Northumberland, Tyne and Wear NHS Foundation Trust for allowing us use of several buildings until the new warehouse is available. During 2025 the Food Bank will continue to offer help to everyone who needs it in the hope that one day soon its services will no longer be required. Richard Anderson Chair of Trustees 3 ## **Trustees’ Report** ## **OBJECTS AND AIMS** Wansbeck Valley Food Bank is a registered charity, set up to prevent or relieve poverty or financial hardship in Northumberland. The charity achieves its aims and objectives, in particular but not exclusively by: - The provision of emergency food parcels, items, services and facilities to individuals in financial need - Contributing to and co-operating with charities and other organisations working to prevent or relieve poverty within Northumberland ## **OBJECTIVES, STRATEGIES AND ACTIVITIES** Good news and a sense normality have been in short supply since the beginning of this decade. Thankfully 2024 introduced the possibility that the lingering repercussions of COVID were on the wane and the soaring food costs combined with food supply chain restrictions were at long last returning to some semblance of ordinariness. That’s not to say WVFB would be going to go out of business soon but surely all we had been waiting and wanting for almost three whole years was within our grasp. And for WVFB this was our opportunity to step back a little and take stock of our activities and perhaps explore some fresh opportunities and new direction for our operation. There was though one minor detail in need of our immediate attention and that involved what was to happen now our six-year residence at Northgate had run its course. In the final weeks of 2023, we were technically homeless. It must be said that ever since Cumbria, Northumberland, Tyne and Wear Hospital NHS Foundation Trust [CNTW] first welcomed us to Northgate they have given unstinting support to our endeavours. 4 And rather than see us abandoned on the streets they have tried their utmost to somehow find us alternative accommodation as part of their Northgate Park redevelopment. It has taken a long time to get to this stage but eventually formal proposals for a new building were submitted by CNTW mid 2024, and these ultimately received the blessing of those that matter in the NHS and the local planning authority. We can report with a degree of relief that construction of the new build was well under way towards the end of 2024. Discussions regarding tenancy agreements have yet to be concluded and we take nothing for granted. However, if all goes according to plan we should be relocated circa March 2025. Meanwhile, as a stopgap, the Trust have made available office space for our administration - a small but secure warehouse in which to accommodate goodsin / bulk storage – and use of car parking space in which we use portable accommodation to pack and dispatch food parcels. Working in this new split-site environment has not been without its challenges. However, our service to clients has continued without disruption. None of this would have been possible without the dedication and hard work of our volunteers and again the continuing support of CNTW for which the trustees are immensely thankful. By chance this disruption to our established regular operational and administration routines has presented us with the ideal opportunity to reassess our longerterm operation. One area of notable change is in the way in which we intend to source food stocks following the move. The main reasoning behind this is to achieve a minimum of 15% savings on the purchase of food, ensure we carry sufficient stock to alleviate the somewhat panic approach to stock replenishment, and to make most efficient use of warehouse space. We successfully implemented this in part during 2024 in readiness for our relocation in 2025. Improved methods for lifting and handling are also one of our aims. 5 We also intend to explore alternate ways of doing food bank. There is much to learn and gain from establishing partnerships with other organisations. Our work with the Full Circle Community Food Project initiative based in Ashington is an excellent example of this approach which is of mutual benefit to both organisations and not least, our clients. We are open to discussions with community agencies to explore ways in which we might diversify client support. These initiatives are ongoing. The Trustees have become increasingly concerned about the number of clients who are using the Food Bank on a regular basis. The Food Bank exists to provide emergency food parcels and while it is appreciated that some emergencies will require more than one parcel, these parcels should not be seen as a solution to the issues the clients are facing. We have therefore decided that a client can receive a maximum of one parcel per month, with a maximum of six parcels within a twelve-month period. This should not be seen as an entitlement, expectation, or guarantee. We continue to monitor and liaise with our partner agencies on how best to assist our clients’ needs in such circumstances. We also offer a local client distribution point in partnership with the Ashington branch of the YMCA. In 2024 an additional distribution point was establish in conjunction with our Hirst Welfare partners. Our client delivery service and food collections from suppliers and local collection points is with the use of three dedicated vehicles. A National Lottery Grant has enabled us to purchase an additional vehicle in 2024 and this is used mainly to collect food from suppliers. Our operation is entirely dependent on the continuing and incredible generosity of the community in terms of food and financial donations. We are totally indebted to our faithful team of volunteers whose efforts in sorting, stacking collecting and delivering food are essential to our operation. 6 Notwithstanding all the increasing challenges, we continued to provide emergency food parcels to those identified as being in need. All appropriate requests were fulfilled. Other*- _includes; Working but on sick leave, Starting New Job, Hospital to Home, Low Income / delay in Wages, Financial Exploitation, Recently Left Prison, School Holidays, Lost/Stolen Money, Alcohol & Drug Addiction, Temporary Accommodation- No Funds, Evicted, Not Eligible for Benefits, Universal Credit, Bereavement Costs, Christmas or multiple reasons_ ## **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 Charities Commission for England and Wales ## _**Achievements and performance 2024**_ In the year 2024 we received 3837 Referrals and supplied 49,329 meals to 5947 Adults and 2391 children. Of those clients needing support, 74% are returning clients. 7 **----- Start of picture text -----**
Expenditure on Food £53,861
Value of Donated Food £28,274
Value of Issued Food £82,136
**----- End of picture text -----**
8 ## **FINANCIAL REVIEW** The charity’s current account will be maintained at approx. £10,000. This can be increased with trustee approval for exceptional items. The deposit account will be maintained for the remaining balances 9 ## _**Policy on reserves**_ Our aim is to hold in reserves no less than 3 months of the total operating budget for the current year _[or an amount no less than £100,000, whichever is greater]._ This will ensure that all expenditure, including core salary costs will be covered in the event of a shortfall in funding. This amount to be reviewed quarterly in the light of operational costs. Fundamental to the food bank operation is having an adequate warehouse distribution facility and associated office accommodation. We are assured that CNTW is making provision for us to remain on site at Northgate Park. None the less the trustees have decided it prudent to retain the sum of £100,000 in reserve to cover the cost of relocation to alternative accommodation should this be necessary. We currently have use of four vehicles one of which is 9 years old. A sum of £25,000 has also been reserved should the Trustees consider it economic to replace this vehicle. The total value of reserved/designated funds is £225,000 _[31[st] December 2024]_ 10 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## _**Nature of governing document**_ Wansbeck Valley Food Bank is governed by a Constitution of Charitable Incorporated Organisation. ## _**Recruitment and appointment of trustees**_ Trustees are appointed at the AGM, however the trustees may appoint a new trustee to temporarily fill a vacancy or to bring in additional skills or experience. Such a trustee will retire at the next AGM but can then be reappointed. The role of Trustee Associate has been created to complement and broaden the experience and skill set of the Board of Trustees. It is particularly suited to those who are unable to fully commit to the demands and responsibilities of being a Trustee. It also offers potential Trustee candidates an insight and better understanding of the Food Bank governance. Associates will contribute to the routine working and decision making alongside the Board of Trustees. The Trustees, where practicable are involved in the work of the Food Bank. ## _**Organisational structure**_ Work continues to further define the specific roles and responsibilities of the Board, Salaried staff and Volunteers in order to make best use of their skills and aspirations and to the benefit of the food bank and our clients The Annual Report was approved by the Trustees of the charity on 9th January 2025 and signed on its behalf by: _Revd John Rowley_ 11 ## **Independent Examiner's report to the trustees of Wansbeck Valley Food Bank** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 details of which are summarised here. The full report is available on request. ## _**Respective responsibilities of trustees and examiner**_ As the charity's trustees of Wansbeck Valley 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 Wansbeck Valley 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**_ I have completed my examination. I confirm that no material matters have come to my attention with the examination giving me cause to believe that any material respect: 1. accounting records were not kept in respect of Wansbeck Valley 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. R Thompson ICAEW Borough Hall Wellway Morpeth Northumberland NE61 1BN Date 5 March 2025 12 ## **Balance Sheet as at 31 December 2024** |**Current Assets**
**Year ended 31**
**December**
**2024**
**Year ended 31**
**December**
**2023**
Cash at bank and in hand
313590
275543
**Creditors:**Amount falling due within one
year*
(5726)
(3104)
**Net Assets**
**310696**
**272439**
**Funds of the Charity**
**Restricted Funds**
**-**
**-**
**Unrestricted Income Funds**
Unrestricted Funds
310696
272439
**Total Funds**
**310696**
**272439**
*Creditors falling within one year
Other Taxaton and Social Security
718
514
Other Creditors
223
252
Accruals
4785
2338
**5726**
**3104**|**Current Assets**
**Year ended 31**
**December**
**2024**
**Year ended 31**
**December**
**2023**
Cash at bank and in hand
313590
275543
**Creditors:**Amount falling due within one
year*
(5726)
(3104)
**Net Assets**
**310696**
**272439**
**Funds of the Charity**
**Restricted Funds**
**-**
**-**
**Unrestricted Income Funds**
Unrestricted Funds
310696
272439
**Total Funds**
**310696**
**272439**
*Creditors falling within one year
Other Taxaton and Social Security
718
514
Other Creditors
223
252
Accruals
4785
2338
**5726**
**3104**|**Current Assets**
**Year ended 31**
**December**
**2024**
**Year ended 31**
**December**
**2023**
Cash at bank and in hand
313590
275543
**Creditors:**Amount falling due within one
year*
(5726)
(3104)
**Net Assets**
**310696**
**272439**
**Funds of the Charity**
**Restricted Funds**
**-**
**-**
**Unrestricted Income Funds**
Unrestricted Funds
310696
272439
**Total Funds**
**310696**
**272439**
*Creditors falling within one year
Other Taxaton and Social Security
718
514
Other Creditors
223
252
Accruals
4785
2338
**5726**
**3104**| |---|---|---| ||**-**
272439|| ||**272439**|| |||514
252
2338| |||**3104**| 13 **Wansbeck Valley Food Bank Detailed Statement of Financial Activities for the Period for the year ended 31 December 2024** ||**Total**|**Total**| |---|---|---| ||**Unrestricted**|**Unrestrict-**| ||**funds**|**ed funds**| ||**2024**|**2023**| ||**£**|**£**| |**Income and Endowments from:**||| |Donatons and legacies|241958|183626| |Investment income|7778|5282| |Total income|249736|188908| |**Expenditure on:**||| |Raising funds|(1175)|(1260)| |Charitable actvites|(210304)|(214629)| |Total expenditure|(211479)|(215889)| |Net income|(238257)|(26981)| |Net movement in funds|(38257)|(26981)| |**Reconciliaton of funds**||| |Total funds brought forward|272439|299420| |Total funds carried forward|310696|272439| 14 ## **Wansbeck Valley Food Bank** **Detailed Statement of Financial Activities for the Period for the year ended 31 December 2024** ||**Total**|**Total**| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |**_Donatons and legacies_**||| |Legacies and bequests|1202|573| |Donatons - Individuals|97205|112746| |Donatons – Churches|4677|4387| |Donatons Town and Parish Councils|12825|21500| |Donatons – Collecton Boxes|362|100| |Donatons – Local Business and Clubs|19925|11893| |Gif Aid Tax Reclaimed|13531|10265| |Grants – other agencies|92231|22162| |Grants—other agencies|-|-| ||241958|183626| |**_Investment income_**||| |Interest on cash deposits|7778|5282| ||7778|5282| 15 **Wansbeck Valley Food Bank Detailed Statement of Financial Activities for the Period for the year ended 31 December 2024** ||**Total**|**Total**| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |**_Raising funds_**||| |Fundraising costs|(1175)|(1260)| ||-|-| |**_Charitable actvites_**||| |Food and Toiletries|(53808)|(123160)| |Packaging|(1348)|(1176)| |Wages and Salaries|(58053)|(25436)| |Staf pensions (Defned contributon)|(1373)|(515)| |Recruitment Cost|(105)|(426)| |Rent|(19468)|(3166)| |Insurance|(817)|(680)| |Telephone and Statonery|(4446)|(4483)| |Equipment and IT|(8965)|(5585)| |Printng|(1781)|(1600)| |Sundry Expenses|(536)|(305)| |Northgate Premises Expenses|(17441)|(5187)| |Motor Expenses|(39618)|(40480)| |Accountancy fees|(2448)|(2338)| |Bank charges|(97)|(92)| |Other interest payable|-|-| ||(210304)|(214629)| 16 ## **Notes to the Accounts: (Full details of these can be provided on application)** The trustees have prepared the trustees’ report and financial statements in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland. ## _**Financial guarantee contracts**_ The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO. ## _**Tangible fixed assets**_ Individual fixed assets purchased are written off in the year of purchase. The charity owns four vans and a pallet stacking truck.. ## _**Trustees remuneration and expenses**_ No trustee, nor any persons connected with them, have received any remuneration from the charity during the year. 17 Maybe we were once a little naive in thinking the food bank movement would be a quick fix after which all would be well with the world and food banks would be no more. Well, we all know over a decade later how much we were mistaken. Sadly, the affordability of food and its accessibility in our immediate community continues to be a recurrent issue with no signs of it being sorted any time soon. The people who know about such things tell us that an estimated 7.2 million adults and 2.7 million children experienced food insecurity in 2024. They also inform us that households with children in the poorest fifth of the population would have to spend 70% of their disposable income on food simply to afford the government-recommended healthy diet. We can only but hope that one day soon the fundamental causes of all this will be resolved. But for now, the food bank movement continues to support those who might be desperately looking for their next meal. Meanwhile we at Wansbeck Valley Food Bank along with the support of all our friends are dedicated to supplying a nutritional food parcel to where and who is in need. 18 ## **And here at a glance is what it takes and what we do to make that happen ....** ## **The Organisation:** 92 Volunteers [including Trustees] 2: - Salaried staff members 4 Vans [1 up on previous year] 25724 Annual milage 3472 Telephone calls Busiest Hour 12:00 to 12.59 Busiest Day Wednesday Busiest Month January ## **Public Benefit** 15 Average referrals process daily 3837 Total Referrals 5947 Adults fed 2,391 Children fed 49,329 meals issued £53,861 value of food purchased £28,274 value of food donated £82,136 total value of food issued 1,550 Households 118 Homeless referrals £53 average value of food received by each household 74% Clients returning on a regular basis 3351 Referrals Delivered 486 Referrals collected from distribution point 19 **THANK YOU TO THE FOLLOWING** Academy Northumberland CofE AECOM LIMITED AKZO Nobel Ashington Camera Club Ashington Hurst Rugby Club Ashington Town Council Ashington United Bedlington FC Bernicia Foundation British Rail CAF Bank Carr & Co Solicitors Charities Trust Choppington Parish Council County Durham Community Foundation Dukes Secondary Elsie Davis Trust Food Standard Agency Handels Banken Henriksen Trust Jewsons Karbon Homes ICS Lions Club of Morpeth Local Churches Local Schools Local Scout, Brownies & Rainbow Groups Masonic Northumberland Mark Benevolent Fund Menzies Distribution Ltd Morpeth All Saints [Friends of] Morpeth and District Gardening Club National Lottery Newbiggin Maritime Centre Newcastle Building Society Nissan Sunderland North East Organic Rotary Cramlington Rotary Morpeth Roundabout Club Thirston Parish Council Timley Tranemo Workwear Ltd WI Lancaster Park WI Morpeth Town Woodhorn Museum 20 CIthTtty ]rgistration number. 1177303 Wansbeck Valley Food Bank Annual Reportand FinaTKi81 Statell￿nts for the Year Ended 31 Decemb¥ 2024 Wansbeck Valley Fofyj Bank Cont¢nts (continucd) R¢ference and Administraiive Detsils 2to4 Ststem¢nt of TTUSt¢eg Re￿￿￿$1?￿11￿tle5 ststem¢ttt of Fina￿la1 A¢tiviti¢s Balance Sheet Note5 to the Fillw￿la1 Staternents 9tol5 Wansbeck Valley Fo(Ml Bank Reference and Administrative Details Trnstees Revd John Rowlry MrRichard Cbarles Anda50n Mr MaTk Fac¢y Mr David Lta Mr David BinLs (resigrEd 14102124) Mr Pder Robert9)n {￿signed 17102r24} Mr Ricbard khoir￿Id Ire5iTrJ 24109n4) Pritietpal Office Northgate H(6pitsl Northumberland NE613BP Cb8rity Rewtrntlo• Nurnber 1177303 Independent ￿￿mIller Wellway AccouErtallts Limited Borough Hall Wellway Morpdh Northumberland NE61 IBN Company Registr*tloll Numlxr 013360 Page I Wansbeck Valley Food Bank Trustees, Report The trustees present the allnual Tep)rttogets with the financial ststements of the charity forthe yw e[￿ed 31 December 2024. Objectives #ttivltl Obfvets and Wansbeck Valley Fod Bank is a re8i5tered charity. srt up to pr¢vaJt or ￿lIeVe poverty OT fina￿la1 hardship in NOrthuMberfa￿A. The charity achieves its aims and objeaives. in particular but not exclusively by: . The provision of emergency fiK)d paT¢els. Éten4 services facilities to individuals in financ￿1 need . Coniributing to al￿ ¢0-(yerating with ¢harities and Ott￿r or8aThisatiorLS WY)rking to prevent or relieve poverty from within NorthumberlaThl. OtyecÉives. stralegles ondt&*ivi+?¢s Good news and a seng ThTrrniality have l)een in short suppty sinc£ the beg1t￿]ng of thts de¢ade. Thankfidly 2024 introd1￿ed thc possibility the lingering W¢percWTh￿ of COVID ott the wane and thc soaring food wsts ￿MbIned with food suppty clmin restriction5 were at long l&¥t rethrnillg to some semblance of ordEnarit￿ss. Ttw's not to say WVFB wDuld be golllg to go tsut of business soon but surety all we had been wailing and wantll￿ for atnh)st three whole years w within our grdsp. And for WVFB thtS W45 our opp)rtunity to step b¥k a littl¢ and take stt)ck of ¢)ur xtivities aThl peAJaps explore some fresh oppOrt￿lIticS 8nd new direction for our ¢wer8tion. There w&s though on¢ minor de￿7 in ne¢d of our 1mll￿1a¢e attention and that involved wlmt was to happen now our six-year residence at North8ate run its course. ID the fffla] weeks of 2023, we were t¢￿￿1¢allY homele5S. It musi be Said that ever since Cumkn4 Northutnberlatrl. Tyne and Wear Ho4)itai NHS FoUnd￿tOn Trust IcNtW] r￿st wekomed us to Northgate they have giveD u[￿[￿11￿ supFKtrrt to our endt&v¢)ur5. And r8ther than see us abandoned on the streets thry h￿t trRed their uttnost to SOttLehow find alternative accommodation 85 Part of theirNorthgate Park rdevelopmenL It has taken a lon8 titne to get to this sta8e but eve￿I￿allY fi)Tmal pn)p(thls for a new building were submitted by CNTW mid 2024, and these ultirnatcty receTvcd the blessing of th(tse that matter in the NHS aThl th¢ I￿ planning authority. We reiort with 8 degree of relief that construrfion of the new build w&8 well under wdy towards the end of 2024. Dis¢ussIo￿ regarding tenancy agreenknts bave yet to be coneluded and we take )thing for wted. However, if all goes a¢¢orditig to plan we sh￿￿[d be relocated circa March 2025. Meanwhtle, &8 a stopgap, the Trust I￿e made available office 5pxc ts ow adrnini5tration - a small but seru warehouse in which io acco]ntn(yJate good5-ift l lyjlk storage - alxl use of Car parking space in ￿1¢h w¢ use portable accoDllnodation ttTr pack 8nd dispatch fooj parcels. Worktng in this w split-site enviroDment I￿$ Mt been without its challenge5. Howrver, our service to clients has COThtÈnued Mrythout disruption. None of this would have been possible without the dedication and hard WOTk of many of our volunt¢¢rs and again the ￿ntinuing 5UPW)rt of CNFW for whith the tr￿Slee5 are itnmensely By chance thts disrnption to Oltr establtshed re8ular opcrdtional aDd ￿M[nIs1[all0￿ rOuti￿S h&s presented us with lh¢ ideal opp)ttsmty to fUSs¢ss our long¢r4¢nn operation. Wansbeck Valley Food Bank Trustees, Report {CODtinued) One of notable change is in the way ID which Inte￿1 to source food stocks following tIK mov¢. The main reasoning behitjd this is to achieve a ttlillimum (pf 15% savÉngs on the pt]rchase of food, ensure ¢8ry 5uffieient stock to all¢viate the sotttewbat pattir 4)proach ttTr St{￿k replCDishme￿ and to make m95t effieient use ofwarehou% space. We swces5fully implemented tbi5 in p8rt during 2024 in rudtness forour telocation in 2025. Improved methods for lifting and hatMIIiD8 are also one of i)ur We also i]ttend to explore alternat ways of dollw food bank There is to learn znd gain from estsblishing partn￿shIpS Mryth other orgaDisations. Our with the Full Cir¢le Community Food Project initiative Iwed in Ashington is an excellent example of thi$ approach ￿]Ch is of mutual benefft to both orgatlisa*io￿ and nol le&sL our clien￿ We are orKn to di5cussitsns with community agencies ￿ explor¢ ways in which we mighi diversify client supwt. These itLThative$ are ortgoing. The Trustees have beo)me inuea8ingly coneerned about the ￿L￿be[ of Clie[￿ ￿ are using the Fo(NJ Bank on a regular basis. The F￿d Bank exists to provid¢ emergency r￿d parce]s and while it is appreeiatrd that some em¢Tgencies will require more than One parcel, these parcels should not be seen a solthion ¢0 the issue5 the clients are fa¢ing. We have ther¢for¢ decided that a client can i¢c¢iv¢ a maximuln of one parcel Fr Mont￿ with a Tnaxtmum of six ptr¢els within atwrlve-motrth pcriod This sI￿uld n(rt be seen a5 an erfit]em¢nL ¢xpectstion. or gusrnth. We wntinue io monitor and liaise with our agencies on how best to &ssist OUT clients. needs in such circurI￿a￿c$. We o1$0 offer local clierrt disthbution poi]ts in parhiership wlth the Ashington brdnch of the YMCA. In 2024 an additional distribution point was eaablish in conjunction with our Hirst Welfare parthers. Our client delivery service and fith coll¢ctioThs fr(KD swwliers and lttal collectK)n points is the use of thrtt dedicated vehicles. A National Lottuy Grallt has etthlled to purthase an &lditionai vehicle in 2024 and this is used mainly to collect food from 5uppliets. Our operation is entirely d￿ndent on the ¢ontinuing alld incredible g•Jerosity of the community fern￿ of food and financial don￿10￿9. We ar¢ totally indelthl to our faithful team of volunteer5 whose effotts in sorting. staekiDg, collecting and delivuing fcx)d are essential to our operation. Notiyithaanding ail the increasing challenge& we continued ts) provide ¢m¢r8ew fi)od p8rfL]s to those identified as being in need. AU 8PPtopriAle m4uests fulfille Publk The trustees ¢onfirni that have cotnplied with the r4uirements of s¢¢tiort 17 of the Charities Act 2011 to have due regard to the public benefit 8uidatKe published by th¢ awity Commission for England and Wales. Aebievemellts #Dd perform*nce In the year 2024 we receivtd 3837 Referrals 2nd $￿p]led 49J29 meals to 5947 Adults aT¥J 2391 ¢hildftll. Of those ¢lients needing supporL 74•h are retiimin8 clients. F5nxllcial revitw The dwity's ¢UTTent account will be maithained al approx. £10,000. This (all b¢ incrtased with trustec approva] for exceptional items. The detA)sit account will be Maintairt￿ for th¢ temaintDg bal8n¢es Page 3 Wansbe¢k Valley Fo￿1 Bank Trustees, Report (continued) Poltcy on reserve5 Our aim is to hold im reserve5 no Iess 3 tDonth5 of the totsl operdliDg budgel ftir the current year lor an amount no less than £IOO,OIX). whiehever is greaterl. Th￿ will eJJsur¢ that all expenditur< including core salary costs wtll be covered itt the c￿lt of a slK>rtfail in fiJtyJin& This aTmunt kn b¢ r¢vieHtd quarterty in the light of operaiiona] costs. Fundametrtal to tlte food bank operation 15 having an ￿qll￿te warehouse diSt￿￿u￿On fxitity and ￿0¢l￿ted offtc¢ accommodattort. We are assured that CNTW is making provision for ys to r¢maiD on site at Northgate Park. None the less the Iwstecs have decithd it prLMI•Ji w retsin the of £IOO.OIX) in reserve to cov¢r the cost of Tel￿ation to ahernativ¢ accommodatii)n shtyjld this be nece￿. We currently have ￿ of four vehicles one of ￿tilch is 9 years old A sutD of £25,(K)O ha8 also been reserved should the Tnthes coThsid¢r it e(0￿)￿niC to repIace this vehick. Th¢ to￿ v￿ue of reservedlde51￿￿ ffiJn¢b is ￿225.0￿ [31st D#ember 20241 SIrne￿re￿ governattee and Nolure ofgoverning Wansbeck Valley F(KMI Bank is governed iry ac0[￿[￿rtiOn of Charitable Ittcorporn￿ OrgaDisatio Retrnllmenl émduppwnbnentt>ftrustÉ Tr￿teeS ar¢ apFK)inted at the AGM. howEver the tr￿t¢e$ Tnay 8ppoint • to kmporarily fill avacancy r to bring in additional skills or eyrieTKe. Suth a trustee will retire at the Tjext AGM but ran thcn be r¢appoint¢d. The role of Trustee Asswiate I￿ been ¢[￿ed to complement and broaden the experience and skill set of the Brate and fin￿Cial inforniation included on the charitable compan￿$ wtbstte. Le￿lat￿Oll g0Ven￿)g the prepararion aDd disseminati￿ of fu￿iCial statements diff¢r from legislation in od*r jutisdictions. Approved by the trLLStees of thecharity on 9 Janw 2025 and SI￿ ort its ￿half by.. ohn Rowley Pa8e 5 WaDsbeck Valley Food Bank Independent Examiner'$ Report to the trUst￿S ofwansbeck Valley Food Bank l report to the trLLStees on my ¢xamination of the ar￿Urts of Wa￿$beCk Valley Food Bank for the year errfjed 31 Dettm￿r 2024. Rt4)ott$ibilitie5 and b8sis of report A$ the ¢harity trustees of WatLsbeck Valley Food Bank you *e Yesponsi￿le for the ptepatalion of the acwunts in cordance with th¢ r¢quir¢ments of the Charitie5 Act 2011 I'the Act,). I report in resr¢ct of my examination of the Wansbeck Vallcy F(XMI Banvs accoutlts carried out under section 145 of ihe 2011 Act aDd ID earrying out my examination I have followtd all the applicable DiJr¢tions gtven by the Chartty Cornmi5sion under section 145(5Kb} of th¢ A¢L llldep¢ndent examiner's ststement I have completed my examination. I rA)nfirn) that no material matters have come ttTr my attention in ¢onnectioft with the examination giving me ca￿¢ to believe that ill any ￿￿]a1 l. accoutrtit)g re¢ords were tLOt kept in rwt of WatLsbe£* V* Food Bank &$ requited by sedÉon 130 of the A¢L or 2. the acKouDts do not accord with those ]xord&" or 3. the accounts do Tb)t comply with the accounting reqlltrenwts ￿r￿anIng the fornt and contsnt of accounts set Out in ajartties (A¢wunts and Repons) Regulatio￿ 2008 Oth￿ than any w4uiremeth that the (punts give 8 'trL* St￿ fair view which is Dot a matw considered &5 Part of an indq)endent ¢xatniThatio I have no ¢onc¢rtLs and have cojne across Th) matteTS in con[￿￿ÈOn with the examination io which thntion should b¢ drawn tn this rqx)rt in order to ¢nabl¢ a proptr Understa￿￿1￿£ of the accounts to be rea¢l￿d. R Thotnpson ICAEW Btyough Hall Wellway Morpeth NokthumberlaTKt NE61 IBN 27 FebnEary 2025 Page 6 Wansbeck Valley FO[￿ Bank Statement of Financial Activities for the Year Ended 31 December 2024 u￿rest￿rted funds Total 21124 Nots Income amd Et)dowJnents from: Donations and legacies Inv¢5thient tticome 241,958 7.778 241,958 7,778 Total itteome 249.736 249.736 Expenditure OD: Raising fiJn(ts Charitable activities {1.175) (210J04) 11,175) (210.304) Tota] expenditurc Net income (211.479 (211,479 38,257 38,257 Net movement in fimds Reconeiliatioll tsrrunds Total futtds brought fotward Totai fi]Trds c*rried forward 3&257 38257 272,439 272,439 14 310,696 310,696 Totgl 2023 UDre5tricttd lunds No Income and Endowments frnm: Donations and legacies Investsnent tncome 183.626 5,282 183,626 5,282 Total irKome 188.908 ExpeDdityre on: Raistng filnds Charitabl¢ activities (1.2(rf)) (214,629 {1260) (214,629 Total expenditu Net expetmliture (215.8891 (215,8891 (26.981) 26.981 Netmovernent tn fjJnd8 RecoDtiliation ofillnds (26.9811 (26.9811 Totsl fimds brought foThvard Totat funds carrted foThwd 299,420 299,420 14 272,439 272,439 All of the charity's acttVitie5 derive from continlting tsperaiion5 dwin8 the al￿ two pertods. Th¢ filnds breakdoTr*m for 2023 is shown in tKbt¢ 14. The notes pages 9 to 15 forni all inte￿[ part ofthese finwial stat￿[￿. Page 7 Wansbeck Valley Food Bank (Registrntion number: 1177303) Balance Sheet as at 31 DeceM￿r 2024 2024 2023 No CurT¢n¢ 4ss¢ts Debtor5 C&%h atbank and in haltd 2.832 313.59) 2,832 272,711 io 316.422 275,543 Credltors: Amounts f*Ding due within olley￿r 3.104 Net as￿18 310,696 272,439 Funds of ¢be ¢haiity. Unrestrieted illtome funds unrestrict￿ funds 310.696 272.439 Totxl 14 310,696 272,439 The fina￿la1 ststeM￿ on pa8¢s 7 to 15 wu¢ appmed by the truste4 wJthori5ed for i5gJe ¢)n 9 January 2025 and signed on their beha]f by.. The t¥)trs pages 9 to 15 forni an inte￿1 part oftlw rms￿]81 stst¢m¢nts. Page 8 Wansbeck Valley Fo(MJ Bank Notes to the Financial Stat¢m¢nts for the Year Ended 31 December 2024 l A¢countlDg poM¢le5 St4teR￿n1 of compligllC¢ The financial ststemtnts have been prq)8ral in accordance with the sttond edition of the Charities Ststrmeni of Recom]MJded Pra¢ti¢e issu&l in October 2019. the Fitwjcial Reporti￿ Standard app]icable in the United Killgdom 8Dd Republic of Ireland {FRS 10212Tr1 the Chariti£s Act 2011. B&sis Ofpre￿rAt1o￿ Wansbeck Valley Food Bank meets the definitlOD of a publi¢ beDefii euttty under FRS 102. The a¢o)unts (financial statements) have be¢n pr¢pared wid¢r the historical cast convention with items reCO￿]Sed at CQ5t or tratL%aclion value UDle5s otherwise stated in the relevant notels) to these accounts. Cokng cotteern The trustees Co￿]der that there are no materiol wltertainties alM)Ut the clkritys ability to continue as a 8o&ng concern. Income and endowmertts Voluntary in¢ome in¢luding donatiOD4 gifts, le8acie5 and that provide core funding or are of a general nature is reco8nised vkneD the chartty ha5 entit]ement to the income. it is probable th* the inc(wn¢ will be r¢ceiv¢d and the amount can be me&sured with sufficient ￿lIabIlity. DoKtsllons andlegaeles Donati0Trs and leg￿l¢S 8re recogDi8ed on a rtceivable bASiS when r￿tIpt xs prolxble and the amount C￿ be reliably me&8ured. Gr4rts receEwble Gratts are reCO￿lsed when the charity has an eniitlemefft to the fi￿dS at)d any Conditions linked to the grdnts have been met. Where performa1￿ cot)ditiDrts are attached to the grant and are yet to be the income is reco￿ls¢d as a liability and I￿[Ud￿l on the balance shect defrrred income to be rel￿ed. Eipenditure All expenditure is r¢cogDised once there 15 1 kgal (r COnstr￿1¥e obligation to that expeNJituff. it is ptDbabl¢ settkment is requ￿ed and the aTnount can be Tneasured reliabty. All o)sts are all￿ated to the applicable expend[ti￿¢ heading that 08gre8ate similar costs to that catrgory. Where ￿$ts Cannot be daTe¢tly attributed to particular headings tly bave been alloca*d on a basis ¢OEJSiStent with the use of resour¢w with central staff costs allocated on the b&sis of tÉrne 5pcnL and depreciation Charges allo(atrd ort the portion of the ass¢t's us¢. Other support costs are 811(Kated ba￿d on spread of s¢aff costs. RaL¥lngfuRd These are ¢05ts inrurred in attrxting voluntary incom4 the mana8eTEKnt of investsnents and those incurred in ¢r*ling a¢tiviti¢s rais¢ fimds. Chorilobie Charitable expenditure comprises those incurred by the charity in the delivery of its activities and servicts for its beneficiaries. It incI￿leS both costs that w be allo¢atrd direcity to suth a¢(ivities and those Costs of an indirect nature necessary to Sup1￿ them. P88e 9 WaDsbe¢k Valley Food Bank Not¢s to the Financial Stat¢m¢nts for the Year Ethded 31 December 2024 {¢ontinued) Governance t￿18 Th¢se in¢lude the costs attributsble to the ¢harity'5 conjpliance wÉth eonstitutional and 5tatytory requir¢men itscluditig audil strategtc management and trust¢es meetings and reimburs¢d expense Taxation The cbarity is ¢￿Sidered to tAss the t&sts set Lmrt in I Sthedu]e 6 of the Finance ACÈ 2010 and therefore it meets the definiliott of a charitable coThpanj for UK corporation f&X PUry)os¢s. Aecordingly. the charity is potentially exempt from taxation it) respect of it*ome OT ¢apitsl gdiDS received within ¢ategories covered by Chapt¢r 3 Part I l of the Corporntion Act 2010 or Se¢tion 256 of the T&xation of Chargeable Gains Act 1991 to the ex*nt tbat such in¢ome or8aiDS alt applia excI￿1¥ety to charttable pwp)ses. Tlngible fixed ￿ets Individual fixed assets purchased are witt¢D off in the year of purth￿. The charity oThns a van ￿hleh w&$ traELsfcrred ots iwration in 2015. In 2020, 8 seixpnd van and two ¢ontainers were purchasd. In 2023 8 third vaD was ￿￿￿1*8¢￿. In 2024 a fourth van attd a p￿let sta¢ker tNck wer¢ purch&5ed. Trade debtors Tr￿e debtor5 are amounts due from ¢w8tomeTS foT Me￿h8nd]se sold serYie&s ￿fOrni￿1 in th¢ (Kditiary course of bu5ine55. Tr*Je debtors ar¢ initialty at the Iraw&tion price. Thcy are subs¢qu¢ntiy mtssured ￿ atnortised cost iLsill8 the effective Intere￿ met1K>￿ less provision for imp8irni¢Dt. A provision for the impairment of trade debtors is established ￿en there is obiethive ¢vid¢nce that the chhrity will not b¢ able to collect all allhounts due according to the ¢xiginat ternts of the receivables C4$b aod ¢quiv8lents Cash and c&th equivalents compris¢ cash on hand athj ￿]1 (kFrtisi¢s and other short-trrni higlty liquid investments that ar¢ readity convertible w a known amwit of ¢asb aThf w¢ SubJ￿l to itLSi8nificant risk of ¢haTLge in value. Fund ytruttsre Unr¢*ricted income fimds are gynual fimds that ¥Tr aV8ilable for we at the trLL5tees discretiijn in ￿n￿era￿tt of the obje¢iiv¢s of th¢ charity. Restricted incotne fimd5 are thtsse donated for we in & particu]ar area or for specific purp05ts. the use of w]u¢h is restrictedto that area or purwjse. Pension5 otber piist retirtmtnt obligations The charity ope¥at¢5 a defit)ed Contributi￿ sch¢rne Thl]ich i% a pension plan ￿der thich f]xed contributions are paid into a petLsion and the ¢hartty h&8 no legal or constr￿1[¥¢ obligation to pay fither eontr5butions even if the fund dots n{￿ hold suffKient &ssets to pay all wloyees the ben¢fits relating to employee service in the Current and prior period5. Contributions to d¢fin¢d ¢ontrrbution plan5 art r￿gniSed in the Ststrmort of FinwKia] Acti￿￿tieS when they are due. If contribution paynKnts ¢x¢¥l the contribution du¢ for service. the excess ts recognised &8 a prepayment. Page 10 Wansbeck Vall¢y Food Ballk Notes to the Finaneial Statements for th¢ Year Ended 31 December 2024 (continued) 2 Intome from th)natlons l¢gacies Unrutrlcted Total funds Gelltral Donations and lega¢ies" Dotmtions frojn individuals Legacies Gift aid ￿laIM Grants. including Capi￿ m" Gr￿rtS from other ¢haritte$ 134.994 1.202 13.531 134,994 1202 13531 91231 92231 Totsl for 2024 241.958 241,958 Totsi for 2023 183.626 183.626 3 lttvegtment kncome UDrestrkted ds Gen¢r*i Totgl Interest receivable and simtl8r xlleomv, Interest receivable on bank dewksits 7.778 7,778 Totsl for 2024 7.778 7,778 Totsl for 2023 5282 5,282 4 ExpeDditure ots ¢harltsbie Atttvitie Drestrkted Totsl DIL Gener#1 Nfjte Expenditure on Cbarithble Adivities Coverr￿(c Costs 55,156 155,148 55,156 155,148 Totsl for 2024 210,3( 210 J04 Total for 2023 214.629 214,629 Pa8e 11 Wansbeck Valley Food Baknk Notes to the Financial StstemeDts for the Year Ended 31 December 2024 (eontillued) 5 AnAtys15 of governan£e Ind SUp￿brt co￿$ GovernaDee eosts Unrestrleted fullds GenerMI Total funds Staff costs Wages aThJ salaries Pension costs her stsff ¢osts Audit fee5 Otkn fees paid to auditi>rs Other goveman¢¢ costs 58,053 lJ73 105 58,053 lJ73 105 2,448 93,169 93,169 Total for 21124 155.148 155.148 Totsl for 2023 90.2￿j 90.293 6 Trustets remuneration e4)eny¢s No trustees, nor any persOtLS CODnectd with tlw have rettived ally remuneration from the charity duritkg the 7 Stsff e(*ts The aggregat¢ payroll ￿$ts as follows.. 21n4 21n3 Stgff eosts duritig the year wett: Wages and salaries Pension costs 5&053 1,373 105 25,436 515 426 59,531 26.377 The moRth]y av&a8e numEtr of Pe￿nS (iDcludtDg senb)r managemt I leadersbip teorn) employed by the charity during the year expressed &$ fjjll time equivalettts was as folloThs: 2024 No 2023 No Ernploye¢ numbeTS Page 12 Wansbeek Valley Food Bank Notes to the Financial Statements for the Year Ended 31 D￿ember 2024 (continu¢d) No employee recfived anoluments of more £60.LX)O duriDg the y 8 T8Xatio charity is a registered charity and is therefore exempt from tsyatio 9 D¢btors 2024 2023 Otlw debtors 2.832 2,832 10 Cash and ush eqllivlleats 2024 2023 Cash on hand Cash at bank Short-terni deposits 50 9,850 303.69) 313.5 50 6,735 265.926 272,711 I Credittsrs: amounts faUl•g du¢ within 2024 2023 Other tax*ion and social 5ecwity Other creditors A¢¢rua]s 718 223 4,785 514 252 2,338 5.726 3,104 12 Pension *nd othtT schemes Defined tontribution penstot) seh¢D Tr chartty operdt¢s a defined contribution s¢he4ne. The petL8ton LX>St charge for the year ￿Pr¢Sents contributions payable by the charity to the Sche1￿ and amolulled to £1 J7312023- £515). 13 FiD*ttcl•l guarallte¢ contracts The trustees confirnL in a¢cor(knce wtth the Cbaritable In￿r￿)Ith1 organ1￿0￿$ {GenernJ) Regulation5 2012. that at the yw end ao did not have ally outstslld￿g guarw*¢s to third partie5 nor any debts secured on assets of the CIO. P#8¢ 13 Wansbeck Valley Food Bank Notes to the FinaD¢ial Ststements for the Year Endwj 31 December 2024 (continued) 14 Funds Bal8nee at31 D¢cember 2024 Balance at I Jxnuary 21124 Ineomlttg resources R¢sourtts exp¢4ded Unrestricted Gcneral 272,439 249,736 (211.479 310,696 Ba]Anee #131 December B*knnce *¢ I J*ttu*ry 2023 resotsrfes expended 2023 Ullr¢$trl¢t¢d fn*ds GeKr81 29),420 188.908 215.889 272.439 15 Anxty8L4 of net s&8ets beiwttTr UBrestTirted funds Gener81 Totsi funds at 31 December 2024 Cwrent essets CurretJt1obiltti¢s 316,422 5.726 316,422 T(la] tKt assets 3 10.696 310.696 Unrestricted funds Cetternl Total funds at 31 DeceTnber 2023 Currerti ￿ets Curr¢ni Itabilities 275.543 3.104 275,543 Totsl net assets 272,439 272.439 16 AD#ly$ts of Det f￿Dd$ At31 Ik¢¢mber 2024 At l Janu•ry Fin￿¢Ing cash 2024 flows Cash atbank and in hattd 2T2,711 40.878 3E3.589 Net debt 2T2.7EI 40.878 313.589 Page 14 Wansbeck Valley Food Bank Notes to the Flnancial Statements for ihe Yeydr Ended 31 December 2024 (continued) At31 Dec¢mb¢r 2023 Financingtas flows 2023 C18h at bank 8ryJ in hand 301.413 {28,702) 272,711 Net debt 301.413 28,702 272.711 Page IS Wansbeck Valley Food Bank Detslled Statement of TrIDaneial Actlvides for the Year Ended 31 Deeember 2024 Total 2024 Totsl 2023 Income ##d EndoY4meDts from: Donation5 and legacies (anatysed below) Investment income {allatysed below) 241.958 7.778 183.626 5,282 Tots] inwtne 249,736 I88.￿& Expetsditure on: Raising funds lanaiy5ed below) Charitable activities (aDatysed below) (1,175) {210.304) (1260) 214,6291 Tots] ex￿1￿￿¢ (211,479 (215,889) Net In¢om¢l{expet￿itllre) N¢t movement in funds 38257 26.981 38.257 {26.98l} ReconciliAtitin of f4nds Total fi]nds broU￿rt fotiwd 272.439 299,420 Totsl CaTried forward 310.696 272,439 This pa8e not forni of the stsDJtory fllMKial slatetllents. Page 16 WaL8beck Valley Food Bank D¢tsiled Ststsment of Finall¢ial Activities for the V¢ar Ended 31 De¢ember 2024 (contiDu¢d) Totsl 2024 Totsl 2023 Donations andlegodes Ltg8cies and b4llests Donations- Individuals Donations . ChuTch£ Donatio￿$. Towil and Parish cou￿1 Donations- Colle¢lion Boxe5 Donations . Local Business aNI Clut6 Gift Aid tsx reclsimed Grants- otherag¢tKies 1202 97,205 4,677 12,825 362 19,925 13,531 92.231 573 112.746 4J87 21500 loo 11.893 10265 22,162 241,958 183.626 InV￿lment incomt Interest ort cash dewsits 7,778 7.778 5.282 5.282 Ratsln8funds Fundraisin8 co#s 1,175) {1260 11.175) ￿1260) Charitsble oedvlll Food andToiletries Packaging Wage5 and salari Stsff pe]Lsions (D¢fitKd ¢ontributionl - peTr8ioD scherne I Re¢ruithi¢nt Cost Reni InsuTanc¢ Telephone and Stationery Equiprncnt and IT Printing Sundry expens¢s Northgate Premi3¢s Expenses Motor expens¢s AccountarKy fe Bank charges 153,8081 11,348) (58.0531 11.373) (105) 119,4681 (817) (4.446) 18,965) 11,781) (536) (17.441) (39,6181 12,448) {97) (123,IfA)I {1.176) (25.4361 (515) {426) (3.1661 (680) {4,4831 {5,5851 {1.6001 {305) (5,1871 (40,4801 {2,3381 92 210,304 214.629 This page does not fwm rArt of the ststtrtory fin￿]#1 stattments. Page 17 CIthTtty ]rgistration number. 1177303 Wansbeck Valley Food Bank Annual Reportand FinaTKi81 Statell￿nts for the Year Ended 31 Decemb¥ 2024 Wansbeck Valley Fofyj Bank Cont¢nts (continucd) R¢ference and Administraiive Detsils 2to4 Ststem¢nt of TTUSt¢eg Re￿￿￿$1?￿11￿tle5 ststem¢ttt of Fina￿la1 A¢tiviti¢s Balance Sheet Note5 to the Fillw￿la1 Staternents 9tol5 Wansbeck Valley Fo(Ml Bank Reference and Administrative Details Trnstees Revd John Rowlry MrRichard Cbarles Anda50n Mr MaTk Fac¢y Mr David Lta Mr David BinLs (resigrEd 14102124) Mr Pder Robert9)n {￿signed 17102r24} Mr Ricbard khoir￿Id Ire5iTrJ 24109n4) Pritietpal Office Northgate H(6pitsl Northumberland NE613BP Cb8rity Rewtrntlo• Nurnber 1177303 Independent ￿￿mIller Wellway AccouErtallts Limited Borough Hall Wellway Morpdh Northumberland NE61 IBN Company Registr*tloll Numlxr 013360 Page I Wansbeck Valley Food Bank Trustees, Report The trustees present the allnual Tep)rttogets with the financial ststements of the charity forthe yw e[￿ed 31 December 2024. Objectives #ttivltl Obfvets and Wansbeck Valley Fod Bank is a re8i5tered charity. srt up to pr¢vaJt or ￿lIeVe poverty OT fina￿la1 hardship in NOrthuMberfa￿A. The charity achieves its aims and objeaives. in particular but not exclusively by: . The provision of emergency fiK)d paT¢els. Éten4 services facilities to individuals in financ￿1 need . Coniributing to al￿ ¢0-(yerating with ¢harities and Ott￿r or8aThisatiorLS WY)rking to prevent or relieve poverty from within NorthumberlaThl. OtyecÉives. stralegles ondt&*ivi+?¢s Good news and a seng ThTrrniality have l)een in short suppty sinc£ the beg1t￿]ng of thts de¢ade. Thankfidly 2024 introd1￿ed thc possibility the lingering W¢percWTh￿ of COVID ott the wane and thc soaring food wsts ￿MbIned with food suppty clmin restriction5 were at long l&¥t rethrnillg to some semblance of ordEnarit￿ss. Ttw's not to say WVFB wDuld be golllg to go tsut of business soon but surety all we had been wailing and wantll￿ for atnh)st three whole years w within our grdsp. And for WVFB thtS W45 our opp)rtunity to step b¥k a littl¢ and take stt)ck of ¢)ur xtivities aThl peAJaps explore some fresh oppOrt￿lIticS 8nd new direction for our ¢wer8tion. There w&s though on¢ minor de￿7 in ne¢d of our 1mll￿1a¢e attention and that involved wlmt was to happen now our six-year residence at North8ate run its course. ID the fffla] weeks of 2023, we were t¢￿￿1¢allY homele5S. It musi be Said that ever since Cumkn4 Northutnberlatrl. Tyne and Wear Ho4)itai NHS FoUnd￿tOn Trust IcNtW] r￿st wekomed us to Northgate they have giveD u[￿[￿11￿ supFKtrrt to our endt&v¢)ur5. And r8ther than see us abandoned on the streets thry h￿t trRed their uttnost to SOttLehow find alternative accommodation 85 Part of theirNorthgate Park rdevelopmenL It has taken a lon8 titne to get to this sta8e but eve￿I￿allY fi)Tmal pn)p(thls for a new building were submitted by CNTW mid 2024, and these ultirnatcty receTvcd the blessing of th(tse that matter in the NHS aThl th¢ I￿ planning authority. We reiort with 8 degree of relief that construrfion of the new build w&8 well under wdy towards the end of 2024. Dis¢ussIo￿ regarding tenancy agreenknts bave yet to be coneluded and we take )thing for wted. However, if all goes a¢¢orditig to plan we sh￿￿[d be relocated circa March 2025. Meanwhtle, &8 a stopgap, the Trust I￿e made available office 5pxc ts ow adrnini5tration - a small but seru warehouse in which io acco]ntn(yJate good5-ift l lyjlk storage - alxl use of Car parking space in ￿1¢h w¢ use portable accoDllnodation ttTr pack 8nd dispatch fooj parcels. Worktng in this w split-site enviroDment I￿$ Mt been without its challenge5. Howrver, our service to clients has COThtÈnued Mrythout disruption. None of this would have been possible without the dedication and hard WOTk of many of our volunt¢¢rs and again the ￿ntinuing 5UPW)rt of CNFW for whith the tr￿Slee5 are itnmensely By chance thts disrnption to Oltr establtshed re8ular opcrdtional aDd ￿M[nIs1[all0￿ rOuti￿S h&s presented us with lh¢ ideal opp)ttsmty to fUSs¢ss our long¢r4¢nn operation. Wansbeck Valley Food Bank Trustees, Report {CODtinued) One of notable change is in the way ID which Inte￿1 to source food stocks following tIK mov¢. The main reasoning behitjd this is to achieve a ttlillimum (pf 15% savÉngs on the pt]rchase of food, ensure ¢8ry 5uffieient stock to all¢viate the sotttewbat pattir 4)proach ttTr St{￿k replCDishme￿ and to make m95t effieient use ofwarehou% space. We swces5fully implemented tbi5 in p8rt during 2024 in rudtness forour telocation in 2025. Improved methods for lifting and hatMIIiD8 are also one of i)ur We also i]ttend to explore alternat ways of dollw food bank There is to learn znd gain from estsblishing partn￿shIpS Mryth other orgaDisations. Our with the Full Cir¢le Community Food Project initiative Iwed in Ashington is an excellent example of thi$ approach ￿]Ch is of mutual benefft to both orgatlisa*io￿ and nol le&sL our clien￿ We are orKn to di5cussitsns with community agencies ￿ explor¢ ways in which we mighi diversify client supwt. These itLThative$ are ortgoing. The Trustees have beo)me inuea8ingly coneerned about the ￿L￿be[ of Clie[￿ ￿ are using the Fo(NJ Bank on a regular basis. The F￿d Bank exists to provid¢ emergency r￿d parce]s and while it is appreeiatrd that some em¢Tgencies will require more than One parcel, these parcels should not be seen a solthion ¢0 the issue5 the clients are fa¢ing. We have ther¢for¢ decided that a client can i¢c¢iv¢ a maximuln of one parcel Fr Mont￿ with a Tnaxtmum of six ptr¢els within atwrlve-motrth pcriod This sI￿uld n(rt be seen a5 an erfit]em¢nL ¢xpectstion. or gusrnth. We wntinue io monitor and liaise with our agencies on how best to &ssist OUT clients. needs in such circurI￿a￿c$. We o1$0 offer local clierrt disthbution poi]ts in parhiership wlth the Ashington brdnch of the YMCA. In 2024 an additional distribution point was eaablish in conjunction with our Hirst Welfare parthers. Our client delivery service and fith coll¢ctioThs fr(KD swwliers and lttal collectK)n points is the use of thrtt dedicated vehicles. A National Lottuy Grallt has etthlled to purthase an &lditionai vehicle in 2024 and this is used mainly to collect food from 5uppliets. Our operation is entirely d￿ndent on the ¢ontinuing alld incredible g•Jerosity of the community fern￿ of food and financial don￿10￿9. We ar¢ totally indelthl to our faithful team of volunteer5 whose effotts in sorting. staekiDg, collecting and delivuing fcx)d are essential to our operation. Notiyithaanding ail the increasing challenge& we continued ts) provide ¢m¢r8ew fi)od p8rfL]s to those identified as being in need. AU 8PPtopriAle m4uests fulfille Publk The trustees ¢onfirni that have cotnplied with the r4uirements of s¢¢tiort 17 of the Charities Act 2011 to have due regard to the public benefit 8uidatKe published by th¢ awity Commission for England and Wales. Aebievemellts #Dd perform*nce In the year 2024 we receivtd 3837 Referrals 2nd $￿p]led 49J29 meals to 5947 Adults aT¥J 2391 ¢hildftll. Of those ¢lients needing supporL 74•h are retiimin8 clients. F5nxllcial revitw The dwity's ¢UTTent account will be maithained al approx. £10,000. This (all b¢ incrtased with trustec approva] for exceptional items. The detA)sit account will be Maintairt￿ for th¢ temaintDg bal8n¢es Page 3 Wansbe¢k Valley Fo￿1 Bank Trustees, Report (continued) Poltcy on reserve5 Our aim is to hold im reserve5 no Iess 3 tDonth5 of the totsl operdliDg budgel ftir the current year lor an amount no less than £IOO,OIX). whiehever is greaterl. Th￿ will eJJsur¢ that all expenditur< including core salary costs wtll be covered itt the c￿lt of a slK>rtfail in fiJtyJin& This aTmunt kn b¢ r¢vieHtd quarterty in the light of operaiiona] costs. Fundametrtal to tlte food bank operation 15 having an ￿qll￿te warehouse diSt￿￿u￿On fxitity and ￿0¢l￿ted offtc¢ accommodattort. We are assured that CNTW is making provision for ys to r¢maiD on site at Northgate Park. None the less the Iwstecs have decithd it prLMI•Ji w retsin the of £IOO.OIX) in reserve to cov¢r the cost of Tel￿ation to ahernativ¢ accommodatii)n shtyjld this be nece￿. We currently have ￿ of four vehicles one of ￿tilch is 9 years old A sutD of £25,(K)O ha8 also been reserved should the Tnthes coThsid¢r it e(0￿)￿niC to repIace this vehick. Th¢ to￿ v￿ue of reservedlde51￿￿ ffiJn¢b is ￿225.0￿ [31st D#ember 20241 SIrne￿re￿ governattee and Nolure ofgoverning Wansbeck Valley F(KMI Bank is governed iry ac0[￿[￿rtiOn of Charitable Ittcorporn￿ OrgaDisatio Retrnllmenl émduppwnbnentt>ftrustÉ Tr￿teeS ar¢ apFK)inted at the AGM. howEver the tr￿t¢e$ Tnay 8ppoint • to kmporarily fill avacancy r to bring in additional skills or eyrieTKe. Suth a trustee will retire at the Tjext AGM but ran thcn be r¢appoint¢d. The role of Trustee Asswiate I￿ been ¢[￿ed to complement and broaden the experience and skill set of the Brate and fin￿Cial inforniation included on the charitable compan￿$ wtbstte. Le￿lat￿Oll g0Ven￿)g the prepararion aDd disseminati￿ of fu￿iCial statements diff¢r from legislation in od*r jutisdictions. Approved by the trLLStees of thecharity on 9 Janw 2025 and SI￿ ort its ￿half by.. ohn Rowley Pa8e 5 WaDsbeck Valley Food Bank Independent Examiner'$ Report to the trUst￿S ofwansbeck Valley Food Bank l report to the trLLStees on my ¢xamination of the ar￿Urts of Wa￿$beCk Valley Food Bank for the year errfjed 31 Dettm￿r 2024. Rt4)ott$ibilitie5 and b8sis of report A$ the ¢harity trustees of WatLsbeck Valley Food Bank you *e Yesponsi￿le for the ptepatalion of the acwunts in cordance with th¢ r¢quir¢ments of the Charitie5 Act 2011 I'the Act,). I report in resr¢ct of my examination of the Wansbeck Vallcy F(XMI Banvs accoutlts carried out under section 145 of ihe 2011 Act aDd ID earrying out my examination I have followtd all the applicable DiJr¢tions gtven by the Chartty Cornmi5sion under section 145(5Kb} of th¢ A¢L llldep¢ndent examiner's ststement I have completed my examination. I rA)nfirn) that no material matters have come ttTr my attention in ¢onnectioft with the examination giving me ca￿¢ to believe that ill any ￿￿]a1 l. accoutrtit)g re¢ords were tLOt kept in rwt of WatLsbe£* V* Food Bank &$ requited by sedÉon 130 of the A¢L or 2. the acKouDts do not accord with those ]xord&" or 3. the accounts do Tb)t comply with the accounting reqlltrenwts ￿r￿anIng the fornt and contsnt of accounts set Out in ajartties (A¢wunts and Repons) Regulatio￿ 2008 Oth￿ than any w4uiremeth that the (punts give 8 'trL* St￿ fair view which is Dot a matw considered &5 Part of an indq)endent ¢xatniThatio I have no ¢onc¢rtLs and have cojne across Th) matteTS in con[￿￿ÈOn with the examination io which thntion should b¢ drawn tn this rqx)rt in order to ¢nabl¢ a proptr Understa￿￿1￿£ of the accounts to be rea¢l￿d. R Thotnpson ICAEW Btyough Hall Wellway Morpeth NokthumberlaTKt NE61 IBN 27 FebnEary 2025 Page 6 Wansbeck Valley FO[￿ Bank Statement of Financial Activities for the Year Ended 31 December 2024 u￿rest￿rted funds Total 21124 Nots Income amd Et)dowJnents from: Donations and legacies Inv¢5thient tticome 241,958 7.778 241,958 7,778 Total itteome 249.736 249.736 Expenditure OD: Raising fiJn(ts Charitable activities {1.175) (210J04) 11,175) (210.304) Tota] expenditurc Net income (211.479 (211,479 38,257 38,257 Net movement in fimds Reconeiliatioll tsrrunds Total futtds brought fotward Totai fi]Trds c*rried forward 3&257 38257 272,439 272,439 14 310,696 310,696 Totgl 2023 UDre5tricttd lunds No Income and Endowments frnm: Donations and legacies Investsnent tncome 183.626 5,282 183,626 5,282 Total irKome 188.908 ExpeDdityre on: Raistng filnds Charitabl¢ activities (1.2(rf)) (214,629 {1260) (214,629 Total expenditu Net expetmliture (215.8891 (215,8891 (26.981) 26.981 Netmovernent tn fjJnd8 RecoDtiliation ofillnds (26.9811 (26.9811 Totsl fimds brought foThvard Totat funds carrted foThwd 299,420 299,420 14 272,439 272,439 All of the charity's acttVitie5 derive from continlting tsperaiion5 dwin8 the al￿ two pertods. Th¢ filnds breakdoTr*m for 2023 is shown in tKbt¢ 14. The notes pages 9 to 15 forni all inte￿[ part ofthese finwial stat￿[￿. Page 7 Wansbeck Valley Food Bank (Registrntion number: 1177303) Balance Sheet as at 31 DeceM￿r 2024 2024 2023 No CurT¢n¢ 4ss¢ts Debtor5 C&%h atbank and in haltd 2.832 313.59) 2,832 272,711 io 316.422 275,543 Credltors: Amounts f*Ding due within olley￿r 3.104 Net as￿18 310,696 272,439 Funds of ¢be ¢haiity. Unrestrieted illtome funds unrestrict￿ funds 310.696 272.439 Totxl 14 310,696 272,439 The fina￿la1 ststeM￿ on pa8¢s 7 to 15 wu¢ appmed by the truste4 wJthori5ed for i5gJe ¢)n 9 January 2025 and signed on their beha]f by.. The t¥)trs pages 9 to 15 forni an inte￿1 part oftlw rms￿]81 stst¢m¢nts. Page 8 Wansbeck Valley Fo(MJ Bank Notes to the Financial Stat¢m¢nts for the Year Ended 31 December 2024 l A¢countlDg poM¢le5 St4teR￿n1 of compligllC¢ The financial ststemtnts have been prq)8ral in accordance with the sttond edition of the Charities Ststrmeni of Recom]MJded Pra¢ti¢e issu&l in October 2019. the Fitwjcial Reporti￿ Standard app]icable in the United Killgdom 8Dd Republic of Ireland {FRS 10212Tr1 the Chariti£s Act 2011. B&sis Ofpre￿rAt1o￿ Wansbeck Valley Food Bank meets the definitlOD of a publi¢ beDefii euttty under FRS 102. The a¢o)unts (financial statements) have be¢n pr¢pared wid¢r the historical cast convention with items reCO￿]Sed at CQ5t or tratL%aclion value UDle5s otherwise stated in the relevant notels) to these accounts. Cokng cotteern The trustees Co￿]der that there are no materiol wltertainties alM)Ut the clkritys ability to continue as a 8o&ng concern. Income and endowmertts Voluntary in¢ome in¢luding donatiOD4 gifts, le8acie5 and that provide core funding or are of a general nature is reco8nised vkneD the chartty ha5 entit]ement to the income. it is probable th* the inc(wn¢ will be r¢ceiv¢d and the amount can be me&sured with sufficient ￿lIabIlity. DoKtsllons andlegaeles Donati0Trs and leg￿l¢S 8re recogDi8ed on a rtceivable bASiS when r￿tIpt xs prolxble and the amount C￿ be reliably me&8ured. Gr4rts receEwble Gratts are reCO￿lsed when the charity has an eniitlemefft to the fi￿dS at)d any Conditions linked to the grdnts have been met. Where performa1￿ cot)ditiDrts are attached to the grant and are yet to be the income is reco￿ls¢d as a liability and I￿[Ud￿l on the balance shect defrrred income to be rel￿ed. Eipenditure All expenditure is r¢cogDised once there 15 1 kgal (r COnstr￿1¥e obligation to that expeNJituff. it is ptDbabl¢ settkment is requ￿ed and the aTnount can be Tneasured reliabty. All o)sts are all￿ated to the applicable expend[ti￿¢ heading that 08gre8ate similar costs to that catrgory. Where ￿$ts Cannot be daTe¢tly attributed to particular headings tly bave been alloca*d on a basis ¢OEJSiStent with the use of resour¢w with central staff costs allocated on the b&sis of tÉrne 5pcnL and depreciation Charges allo(atrd ort the portion of the ass¢t's us¢. Other support costs are 811(Kated ba￿d on spread of s¢aff costs. RaL¥lngfuRd These are ¢05ts inrurred in attrxting voluntary incom4 the mana8eTEKnt of investsnents and those incurred in ¢r*ling a¢tiviti¢s rais¢ fimds. Chorilobie Charitable expenditure comprises those incurred by the charity in the delivery of its activities and servicts for its beneficiaries. It incI￿leS both costs that w be allo¢atrd direcity to suth a¢(ivities and those Costs of an indirect nature necessary to Sup1￿ them. P88e 9 WaDsbe¢k Valley Food Bank Not¢s to the Financial Stat¢m¢nts for the Year Ethded 31 December 2024 {¢ontinued) Governance t￿18 Th¢se in¢lude the costs attributsble to the ¢harity'5 conjpliance wÉth eonstitutional and 5tatytory requir¢men itscluditig audil strategtc management and trust¢es meetings and reimburs¢d expense Taxation The cbarity is ¢￿Sidered to tAss the t&sts set Lmrt in I Sthedu]e 6 of the Finance ACÈ 2010 and therefore it meets the definiliott of a charitable coThpanj for UK corporation f&X PUry)os¢s. Aecordingly. the charity is potentially exempt from taxation it) respect of it*ome OT ¢apitsl gdiDS received within ¢ategories covered by Chapt¢r 3 Part I l of the Corporntion Act 2010 or Se¢tion 256 of the T&xation of Chargeable Gains Act 1991 to the ex*nt tbat such in¢ome or8aiDS alt applia excI￿1¥ety to charttable pwp)ses. Tlngible fixed ￿ets Individual fixed assets purchased are witt¢D off in the year of purth￿. The charity oThns a van ￿hleh w&$ traELsfcrred ots iwration in 2015. In 2020, 8 seixpnd van and two ¢ontainers were purchasd. In 2023 8 third vaD was ￿￿￿1*8¢￿. In 2024 a fourth van attd a p￿let sta¢ker tNck wer¢ purch&5ed. Trade debtors Tr￿e debtor5 are amounts due from ¢w8tomeTS foT Me￿h8nd]se sold serYie&s ￿fOrni￿1 in th¢ (Kditiary course of bu5ine55. Tr*Je debtors ar¢ initialty at the Iraw&tion price. Thcy are subs¢qu¢ntiy mtssured ￿ atnortised cost iLsill8 the effective Intere￿ met1K>￿ less provision for imp8irni¢Dt. A provision for the impairment of trade debtors is established ￿en there is obiethive ¢vid¢nce that the chhrity will not b¢ able to collect all allhounts due according to the ¢xiginat ternts of the receivables C4$b aod ¢quiv8lents Cash and c&th equivalents compris¢ cash on hand athj ￿]1 (kFrtisi¢s and other short-trrni higlty liquid investments that ar¢ readity convertible w a known amwit of ¢asb aThf w¢ SubJ￿l to itLSi8nificant risk of ¢haTLge in value. Fund ytruttsre Unr¢*ricted income fimds are gynual fimds that ¥Tr aV8ilable for we at the trLL5tees discretiijn in ￿n￿era￿tt of the obje¢iiv¢s of th¢ charity. Restricted incotne fimd5 are thtsse donated for we in & particu]ar area or for specific purp05ts. the use of w]u¢h is restrictedto that area or purwjse. Pension5 otber piist retirtmtnt obligations The charity ope¥at¢5 a defit)ed Contributi￿ sch¢rne Thl]ich i% a pension plan ￿der thich f]xed contributions are paid into a petLsion and the ¢hartty h&8 no legal or constr￿1[¥¢ obligation to pay fither eontr5butions even if the fund dots n{￿ hold suffKient &ssets to pay all wloyees the ben¢fits relating to employee service in the Current and prior period5. Contributions to d¢fin¢d ¢ontrrbution plan5 art r￿gniSed in the Ststrmort of FinwKia] Acti￿￿tieS when they are due. If contribution paynKnts ¢x¢¥l the contribution du¢ for service. the excess ts recognised &8 a prepayment. Page 10 Wansbeck Vall¢y Food Ballk Notes to the Finaneial Statements for th¢ Year Ended 31 December 2024 (continued) 2 Intome from th)natlons l¢gacies Unrutrlcted Total funds Gelltral Donations and lega¢ies" Dotmtions frojn individuals Legacies Gift aid ￿laIM Grants. including Capi￿ m" Gr￿rtS from other ¢haritte$ 134.994 1.202 13.531 134,994 1202 13531 91231 92231 Totsl for 2024 241.958 241,958 Totsi for 2023 183.626 183.626 3 lttvegtment kncome UDrestrkted ds Gen¢r*i Totgl Interest receivable and simtl8r xlleomv, Interest receivable on bank dewksits 7.778 7,778 Totsl for 2024 7.778 7,778 Totsl for 2023 5282 5,282 4 ExpeDditure ots ¢harltsbie Atttvitie Drestrkted Totsl DIL Gener#1 Nfjte Expenditure on Cbarithble Adivities Coverr￿(c Costs 55,156 155,148 55,156 155,148 Totsl for 2024 210,3( 210 J04 Total for 2023 214.629 214,629 Pa8e 11 Wansbeck Valley Food Baknk Notes to the Financial StstemeDts for the Year Ended 31 December 2024 (eontillued) 5 AnAtys15 of governan£e Ind SUp￿brt co￿$ GovernaDee eosts Unrestrleted fullds GenerMI Total funds Staff costs Wages aThJ salaries Pension costs her stsff ¢osts Audit fee5 Otkn fees paid to auditi>rs Other goveman¢¢ costs 58,053 lJ73 105 58,053 lJ73 105 2,448 93,169 93,169 Total for 21124 155.148 155.148 Totsl for 2023 90.2￿j 90.293 6 Trustets remuneration e4)eny¢s No trustees, nor any persOtLS CODnectd with tlw have rettived ally remuneration from the charity duritkg the 7 Stsff e(*ts The aggregat¢ payroll ￿$ts as follows.. 21n4 21n3 Stgff eosts duritig the year wett: Wages and salaries Pension costs 5&053 1,373 105 25,436 515 426 59,531 26.377 The moRth]y av&a8e numEtr of Pe￿nS (iDcludtDg senb)r managemt I leadersbip teorn) employed by the charity during the year expressed &$ fjjll time equivalettts was as folloThs: 2024 No 2023 No Ernploye¢ numbeTS Page 12 Wansbeek Valley Food Bank Notes to the Financial Statements for the Year Ended 31 D￿ember 2024 (continu¢d) No employee recfived anoluments of more £60.LX)O duriDg the y 8 T8Xatio charity is a registered charity and is therefore exempt from tsyatio 9 D¢btors 2024 2023 Otlw debtors 2.832 2,832 10 Cash and ush eqllivlleats 2024 2023 Cash on hand Cash at bank Short-terni deposits 50 9,850 303.69) 313.5 50 6,735 265.926 272,711 I Credittsrs: amounts faUl•g du¢ within 2024 2023 Other tax*ion and social 5ecwity Other creditors A¢¢rua]s 718 223 4,785 514 252 2,338 5.726 3,104 12 Pension *nd othtT schemes Defined tontribution penstot) seh¢D Tr chartty operdt¢s a defined contribution s¢he4ne. The petL8ton LX>St charge for the year ￿Pr¢Sents contributions payable by the charity to the Sche1￿ and amolulled to £1 J7312023- £515). 13 FiD*ttcl•l guarallte¢ contracts The trustees confirnL in a¢cor(knce wtth the Cbaritable In￿r￿)Ith1 organ1￿0￿$ {GenernJ) Regulation5 2012. that at the yw end ao did not have ally outstslld￿g guarw*¢s to third partie5 nor any debts secured on assets of the CIO. P#8¢ 13 Wansbeck Valley Food Bank Notes to the FinaD¢ial Ststements for the Year Endwj 31 December 2024 (continued) 14 Funds Bal8nee at31 D¢cember 2024 Balance at I Jxnuary 21124 Ineomlttg resources R¢sourtts exp¢4ded Unrestricted Gcneral 272,439 249,736 (211.479 310,696 Ba]Anee #131 December B*knnce *¢ I J*ttu*ry 2023 resotsrfes expended 2023 Ullr¢$trl¢t¢d fn*ds GeKr81 29),420 188.908 215.889 272.439 15 Anxty8L4 of net s&8ets beiwttTr UBrestTirted funds Gener81 Totsi funds at 31 December 2024 Cwrent essets CurretJt1obiltti¢s 316,422 5.726 316,422 T(la] tKt assets 3 10.696 310.696 Unrestricted funds Cetternl Total funds at 31 DeceTnber 2023 Currerti ￿ets Curr¢ni Itabilities 275.543 3.104 275,543 Totsl net assets 272,439 272.439 16 AD#ly$ts of Det f￿Dd$ At31 Ik¢¢mber 2024 At l Janu•ry Fin￿¢Ing cash 2024 flows Cash atbank and in hattd 2T2,711 40.878 3E3.589 Net debt 2T2.7EI 40.878 313.589 Page 14 Wansbeck Valley Food Bank Notes to the Flnancial Statements for ihe Yeydr Ended 31 December 2024 (continued) At31 Dec¢mb¢r 2023 Financingtas flows 2023 C18h at bank 8ryJ in hand 301.413 {28,702) 272,711 Net debt 301.413 28,702 272.711 Page IS Wansbeck Valley Food Bank Detslled Statement of TrIDaneial Actlvides for the Year Ended 31 Deeember 2024 Total 2024 Totsl 2023 Income ##d EndoY4meDts from: Donation5 and legacies (anatysed below) Investment income {allatysed below) 241.958 7.778 183.626 5,282 Tots] inwtne 249,736 I88.￿& Expetsditure on: Raising funds lanaiy5ed below) Charitable activities (aDatysed below) (1,175) {210.304) (1260) 214,6291 Tots] ex￿1￿￿¢ (211,479 (215,889) Net In¢om¢l{expet￿itllre) N¢t movement in funds 38257 26.981 38.257 {26.98l} ReconciliAtitin of f4nds Total fi]nds broU￿rt fotiwd 272.439 299,420 Totsl CaTried forward 310.696 272,439 This pa8e not forni of the stsDJtory fllMKial slatetllents. Page 16 WaL8beck Valley Food Bank D¢tsiled Ststsment of Finall¢ial Activities for the V¢ar Ended 31 De¢ember 2024 (contiDu¢d) Totsl 2024 Totsl 2023 Donations andlegodes Ltg8cies and b4llests Donations- Individuals Donations . ChuTch£ Donatio￿$. Towil and Parish cou￿1 Donations- Colle¢lion Boxe5 Donations . Local Business aNI Clut6 Gift Aid tsx reclsimed Grants- otherag¢tKies 1202 97,205 4,677 12,825 362 19,925 13,531 92.231 573 112.746 4J87 21500 loo 11.893 10265 22,162 241,958 183.626 InV￿lment incomt Interest ort cash dewsits 7,778 7.778 5.282 5.282 Ratsln8funds Fundraisin8 co#s 1,175) {1260 11.175) ￿1260) Charitsble oedvlll Food andToiletries Packaging Wage5 and salari Stsff pe]Lsions (D¢fitKd ¢ontributionl - peTr8ioD scherne I Re¢ruithi¢nt Cost Reni InsuTanc¢ Telephone and Stationery Equiprncnt and IT Printing Sundry expens¢s Northgate Premi3¢s Expenses Motor expens¢s AccountarKy fe Bank charges 153,8081 11,348) (58.0531 11.373) (105) 119,4681 (817) (4.446) 18,965) 11,781) (536) (17.441) (39,6181 12,448) {97) (123,IfA)I {1.176) (25.4361 (515) {426) (3.1661 (680) {4,4831 {5,5851 {1.6001 {305) (5,1871 (40,4801 {2,3381 92 210,304 214.629 This page does not fwm rArt of the ststtrtory fin￿]#1 stattments. Page 17