Charlty number: 1179638
BEDFORD FOODBANK
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

BEDFORD FOOD8ANK
CONTENTS
Page
R•f•r•nc• and Admlnl•trative D•tsll• of th• Charlty, It• Trusts•s and Ad¥l••r•
TruBtw•' Report
Indgpgndont ExamIn0￿* Roport
Stat•mont of Flnanclal Actlvltl
10
Balanc• Sheet
11
stst•m•nt of C••h FIoY•T
12
Not•• to th• Flnancllll Ststsments
13-24

BEDFORD FOODBANK
REFERENCE AND ADP•llNISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Tru•to
Rev A L Davis (resigned 20 January 20251
E Ponsonby lappoinled 20 January 20251
D Fraser Ireslgned 17 February 20241
W Fradin (resigned 17 June 20241
JEMHyne
K Middlalon
G R Moore. Chair
Charlty v•gl*torèd
numb•r
1179538
Prlnclpal offlce
8-9 Murdock Road
Manlon Industhal Estate
Bedford
MK417PL
Accountants
Stre8ts Chartered Accountants
Potlon Houso
Wyboslon Lake8
Great North Road
Wyboslon
Bedford
MK44 38Z
B*nk•r•
Natsve81 Bank plc
81 Hlgh Street
Bedford
MK40 IYN
Bucknnghamghlre Bulldlng Sodety
High Street
Chalfonl Sl Glle8
Buckinghamshire
HP8 4QB
CAF Bank Limited
25 Kings Hill Avenue
King5 Hill
West Malllng
Kent
ME19 4JQ
Page 1

BEDFORD FOODBANK
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their annual report together vmth the financial statements of the Bedford Foodbank for the
year from 1 October 2023 to 30 September 2024.
Objectlves and actlvltles
Pollclg5 ind obJectlve¥
The purpose of the charity, as set out in rts goveming document, 15..
The relief of financlal hardshlp amongst people in Bedford and the wrroundlng area, or In other parts of the
United Kingdom in such way as the Trustees from tlme lo lime thlnk fil, in particular bul not exclusively by..
i) Providing emergency food. esyèntoal lollelrles. and other household r(em8 to Individua18 and families in need
and l or for distribution by charttles and other organlsations working to prev•nl or relieve poverty.
ill Such other mean¥ Indudlng (but not limited tol the provision of support or Signposting to rg18vanl infoTmation
and other advigory •ervice•.
iiil And lo provide such 8•ivlces ￿th a Chrlstian eth08. SUPPOrted by ellabliyhèd ¢hurcha8 In thè area of
benefrt.
Iv) The benefit of our purpose to support people in need Is to feed Indlvlduals and families vtho, for one reason
or another, may have difflcullie8 Sn feeding themselve8 andlor Ihelr famille8. Our seryice improve8 the abllity
of families to care for children and achleve goal8 of 8eif-sufficiency.
In Setting objethes and planning for aclivllie¥, tho Trustees have given due consideration to general guldance
publlshed by the Charity Comm18slon relatlng to publlc benefit, including the guidance 'Public benefll.. runnlng a
charity IP821'.
Stralegle• for •chl•vlng obS•¢tlv••
Wa exist to provlde emergency help lo local pèopl8 in food poverty; we are 8atl8fied that we have achleved thSs
to the b¢¥1 of our ability.
¢. Actlvltloj undtrtaken to •¢hl•v• obJoctlv••
Th• tharity manages Bedford Foodbank, prowding three days, nutritionally balanced emergency food and
support lo local people who are referred to us in crlsls. We are part of a n8Uonvlde netMK*rk of foodbank8.
supported by The Trussell Trust, working to combat poverty and hunger across the UK.
d. Qrnntffiaklng pollcle*
We do not offer grants lo any Sndlvidua18, group8 or other ch8riUe$ other than Ilmiled donatlons to our clients who
are food-poor, who may have identified a lack of funds for ga$ or eledricity se￿ICes, where small grants are
available from th'me to lime.
Page 2

BEDFORD FOODBANK
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Objectives and •ctSvltl¢• (contlnuedl
e. Maln actlvltles undgrtaken to further tha Charlty's purposes for the publlc bonefit
Schools. churches. businesses and individuals donate non perishable, in4ale food lo the foodbank %thich is
checked, scrted and packed Into crates ready to be gNen to people in need. The organS$allon received a
Significant amount of financial donations in additson to food donations. Financial dOna￿On8 are used to purchase
food for Clients and to cover adminlslralion and running costs of the Charfty.
Care professionals Such as doctors. health vlsrtors, social workers, Citizen$ Advice Bureau ICABI and pollce
amongst other organlgatlon3, Includlng charitles, Identify people in crl8is and issue them wrth a foodbank
voucher.
Foodbank Gllent¥ bring the voucher to a foodbank dlstrlbullon cèntre whère rt is redeemed for approximately
three days emergency food. Volunteers meet cilents and are able lo signpost them to agencies vthich are able
to help Solve the longer temi problems.
f. Volunt••rn
Our volunteer8 are an absolutely key part of our work, and we could not achieve any of the objectives vmlhoul
their contribution.
Followng some changes lo the profile of our volunteer population partly related lo the Covld pandemic. we hgve
been ￿eaSed lo welcorne new volunteer8 and we have sufficient help to enabl• u8 to cary out our work.
Achl•v•m•nts and p•rfomianc•
. Maln achl•vem•nts of tha Charlty
Bedford Foodbank I'The Fo¢dbank'l1g an Independent chanty. operating as a member of Trusgell Trust netsvork
of foodbanks and we follow the Trugsell Trust'y pollcles. The foodbank employ3 five paid full-time and part time
staff and is supported by aPpr0￿MatelY 120 volunteers each week.
The Foodbank operates from a rented warehouse ￿th Offices close lo Manton Lane in 8edford. In November
2023 the Foodbank moved into a laryer warehouge in Manlon Lane giwng more opeTatlng space. The Foodbank
works wlh over 280 ￿f¢fraI agencies in and around Bedford. The foodbank provides emergency food and short-
term support lo local people who are experièncing lood povety. Food 18 di8lrlbuted lo clients through 7
distribution cenlres (mainly church premises) on working day afternoons.
Cllenl numbers Increased by 4% during thi8 year bLrt not as e[gn￿1¢an1IY ag the previous year. In the year endlng
September 2024 The Foodbank fed 24,864 dients, which inclutled 8,460 chlldren, from 11.693 vouchers. This
compares wlh 2023 vthere 24,108 dients were fed, including 8,492 Children, from 10,756 vouchers.
The Charity's donors and supporters of food and cash have continued to be generous this year but there has
been a nob'ceable decline in giving. probabty due to the cost-of-living crisis. The Foodbank Continues to malntain
a healthy financial slate bul increased purchasing costs mean that the Trustees conllnue lo manage the lunds
th care. The cost of food being purchased monthly has increased dug to lower conlribubons and rising foofj
costs. During this last year £120,000 was spent on food and toiletry items. There are plans to join with other
foodbanks in order lo buy 81ock items bulk lo ty and reduce the buying costs.
Page 3

BEDFORD FOODBANK
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Achievements and performance Icontinuedl
In the year ended 30 September 2024, 101 tonnes of food was donated to us Iprevious year 178 tonnesl. The
Trussell Tru51 uses a figure of £2.7712023 £2.37) as the value of 1 kg of donated stock. Thi5 figure is nationally
agreed by Trussell Trust in conjunction with the food industry, and these values have been used to estimate the
value of donated goods in the flnancial slatemenls. In addition, 115 tonnes of food was purchased. Food IB
donated through supermarket collection points across the town of Bedford and th15 accounts for approxlmately
SO% of donation8. The remaining donated food is collected through local Churches, schools and generous
Individuals. Last year 39 schools and 33 churches donated their H8rvest Festival collections to the Foodbank
making 8 grand total ol 8.042kg of food.
Bedford Foodbank partners ￿th over 230 statutory organls•llons, churches & chariues vkno can act as referral
agencies who are ideally placed in the community lo identSfy individual8 and familie8 are in need and are
able lo issue lo E-vouchers. All Bedf￿d Foodbank Referral 8gencies wll be working vrth the indiwdual$. so wll
be aware of the background stories and what other help is being receive(l. The Foodbank continu8$ lo have
good working relationship wlh Citizen's Advice Bureau, vtho attends all 7 distribution centre8, offering extra
advice & support lo our ¢lient$ and i$$uing vouchers if a need is identified. Funding for this has come through
Trussell Trust during Ihlj last year.
To assist households during the cold weather and with Increased fuel cos15. the Foodbank is registered to Issue
Futsl bank voucher5 from thè Fuelbank Foundation, lo dlenls accessing the Foodbank. Th1$ enables housaholdg
lo coek the food received and keep warm. A maxlmum of 4 voucherg per hougehold per year can be Isgued wllh
voucher worth £49. Bedford Borough Councll has a180 provided funding for the Foodbank to purchase hot
water bottles, fleece blankets, socks, flasks, hals and gloves lo give lo clients in need.
In summary, The Foodbank conllnues lo be very busy meeting the increased demands of Ihelr cllenls. The work
could not continue without the support of donor8, staff and volunteers, for whorn they ore very grateful. The
Foodbank staff and Trustees conbnue to Work toward8 providing for the growing need for food and finding the
Jnding to support this. The outcome is that many thousands of people have received help from The Foodbank
and il is a privilege to offer theTll SUPPOrt.
Fln•n¢l•l rovlew
. R•vl•w ol th• ch•Aty's flMncl•l poJltl(
Det8ilg of Ihe charlty's Income and expenditure are shown in the attached Statement of Flnancial ACts'V￿.eS and
the Balance Sheet. They include both monetary donations and e$limaled values for the donatr'on of goods,
using the standard measurement and valuabon procedures adopted by the Trussell Trust. The vast majority of
donats'on$ are received from individuals who make conlribulion¥ via bank. online and cagh donations or as gifts
in kind from donated items of food. loilelries and other items.
The financial trends reflect a continuation of the generous giving from many 50urce5 SUPPOrtive of Bedford
Foodbank, but there has been a ieduclbon In both mDnelary denat(ons and gSfts of food during the year. In the
year ended 30 Seplembei 2024, financial Gonlributlons from donations, grant and other income amounted lo
£389,709 12023 £439,801) and the value of donated goods received was eslimalEd to be £282,616 12023
£422,600).
The value of donated goods distributed in the year was estimated lo be £527,340 12023 £478,747). The vast
majority of donated good5 were distributed to clients, bLbt Stock bmth an eslimaled value of £9,205 {2023 £5,707)
had to be scrapped as il wa5 Out of date al the b.me the charity received it.
The financial contributs'ons ￿ceiVe(l have enabled the charfty to meet the increased demand from clients and
the charity was in a strong financial posib'on at the reporb'ng dale. However, the injstees are mindful that a
significant number of one off donations have been received and there is a much smaller number of committed.
regular donors 80 the levels of income may fall again in the forthcoming years.
Page 4

BEDFORD FOODBANK
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
In August 2023 the Foodbank entered Into a long term lease agreement conceming the provi8ion of
warehousing space. The move to a new 14,000 square foot warehouse location, sthich is close lo the previous
facility was successfully completed in early Novernber 2023 ￿thout disruption to services to our client$ and the
Foodbank is nc)w fvlly operats'onal out of this new larger facilty. This now allows the Foodbank to manage the
storage and dlstribulion of laryer volumes of food to meet the Increaslng demand as well as operate in a safe
environment for employees and volunteers. Thi9 has been achieved vthilst e5tablishin9 a significant financial
commitment from the Foodbank, the Foodbank has successfully negotiated and avolded any excess liability
lated lo the old srnaller facility. A number of one off move relèltsd c051s were incurred and recognised in the
year ending 30 September 2023. Some residual removal costs have been induded in the 2023-24 financial year.
Now that the move has been made trustees anticipate further review8 of our services to ensure that we 3upport
clients In Ihelr best use of the food we offer them.
b. Reserv•¥ pollGy
Durlng the year the reserves pollcy was reviewed. 11 w89 agreed to relain the pollcy of alming lo hold the
equivalent of ￿￿1Ve months, woth of our budget in reiervg. This is to enable us to continue Opera￿n9 should we
face a situation vthereln we are unable to yecure sufficient income to meet our needs,. the expectation 18 that th1$
should ba Suffidenl to meet our needs untll such Ilme as funding can be secured.
The level of reBerves tske8 into account
the fin8ncial commitment of the lease agreement for thelorger premise8,
the increased commitment around $laffin9 costs as the Foodbank's omployed 8tsff numbers continued to
ri38 in 2023 and 2024
the fall In donations of food Items wnd flnancS1l donations (both of wthlch Incre88ed 8lgniflcandy durlng the
covld-19 pandemlcl
the Increased demand for support due to the increased c03t of Ilvlng
In 2D24. Ihe charity's expenditure from general fund8 was £118,833 hlgher than Income. reducing the level of
gener81 funds from £609,405 10 £490,572. At the ￿p0￿.n9 date, the actual level of reserves remained above the
largel reserves pollcy, bul the trustees are forecasting 8 further deficit in 2024125 In a p￿￿￿ed use of fund5 for
charll8bl& purposes.
c. Golng concem
After making approprtale enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resources lo continue in operation81 exl8tence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the
going concem basis can be found in the 8cGounling policieg.
d. Prlnclpal rl$kn and uncertalntlos
We do continue to rewew rlsk5. At Present, we do consider that these are subslanlial or grove.
We rwew the nation81 and local economlc dimate regularly and as the financial year for Bedford Foodbank
ended we were aware of both the energy crisis and general economic uncertainty caused by the cost of living
crisis. Vve keep all this thing8 uppem)0st in our mind5 a5 we review and adapt our procedures and poliaes.
Page 5

BEDFORD FOODBANK
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
. Prfnclpal fvnding
The principal source of fvnding for the Foodbank is through financial donations made by the public, some in the
fom of occasional donatlons and other through regular, structured giving. The Foadbank strtjctures its receipt of
donats'ons so as to capture any ald benefits acc¢xdingly. It is noted that the bag18 of the Foodbank8 operation
59 around the don8llon of food, vthlch 18 then di81rlbuted lo the needy and hungry in 8edford Borough.
During tho covid pandemic the charity saw an increase in finan¢ial donations cornpa￿d to donated food items.
The overall level of donatsons {food and finance81 increa8ed year on year from 2020 to 2023 bul both sources of
donations have fallen in 2024.
3tructur•i gov•m•nc• •nd m•n•g•ffl•nt
a. Conltltutlon
Bedford Foodb8nk is o regi$tered charity, number 1179538, and is constituted under a Charitable Incorporated
Organisalion (CIO) Foundation Congtrtu￿on.
b. M•thod* of appolntmfrnt Qr •l•ctlon of Tru•t•••
The monagemenl of Chorfty i# the r•sponsiblllty of th• Trustee$ are eleclad and co opted under the
term8 of the con81ilulion. and appolnted by exlstlng tru8lee$.
. Org•nhatlonal •tructur• •nd d•cl•lon4n•klng pollcl•¥
The organisalion structure of the Foodbank is based around the Board of Trustees, and reporting lo the Board 15
the Project ManagerlDirector who has direct reports of seven employed staff members. The Simple structure
serve5 the Foodbank well being able to make 5wIft and effectlve declslons al an opeTatlonal level
complemented by detailed con8lderations and discu35icn8 by the Board of Iru8tee3 lor larger decislonj and
strategic matters.
Initiated in September 2023, the Board developed 8 Strategic Plan for the Foodbank that 801$ ¢)ut a three lo five
ye8r plan for operations, people 8nd finances. The Trustees consulted vAth $tsff and volunteers on the process
and look a number of gxternal inputs into account. In 2024, the Tfustees commissioned an independent HR
review to look at and advise on structures and policies for the Foodbank which have now been implemented.
d. PollclM adopted for tho Inductl¢n and trnlnlng of Tru•tees
Appropriate training is given lo Iruslees, including to Iruslees. This includes bul is not limited to the training
offered lo foodbanks by the Trussell Tmst.
o. Pay poll¢y for key man•gomonl p•rnonno1
Pay policy for key staff employed by the Foodbank 15 under the control of a small remuneratson committee
comprising of kn members of the Board of Trustèes. Outside factors. market t￿ndS and inflationary p￿ssureS
are all lakery into account In 5eth.ng pay levels, as performance levels on occasions. The tsmeliness of any pay
thanges Is also addressed by the remuneration comrnittee when assessing thanges to staff pay.
Page 6

BEDFORD FOODBANK
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Structurei govem•n¢• •nd managèment {continued
f. R8lat•d party relaOon$hlp*
As part of the Truysell Trust nets¥ork, we follow their poliaes and benefit from their regional structure, where we
benefit by leamlng withfftom similar, local, Foodbanks. We enjcy good ￿13110￿￿h1p5 with other charities and
bodies in the local area also seek lo relieve poverty. These relationship9 8re informal., we do not, for
example, make grants to other charities, but may from tsme to time offer to share resources with other local
foodbank8.
g. Doclslon-maklng process
The charity makes Ils larger dedslons through a Board of Trustees wthin the context of regular 808rd Meetin95
that are scheduled in advance . Any decisions requlred are Set out in advance of the meeting through an agreed
agenda and any 8UPPOrting documents are provided in advanc8. Tho Board of Trustees delegate smaller
operational decision making lo tha Prolecl Manager for Bedford Foodbank who has suitable expÈrfence and
capability to support thi8 delegats'on of authority. The Charity operate against a detailed annual budget and any
rinancial decision Is made in ￿nIun￿.0￿ wlh the pre-approved budget. For operational matters the Project
Manager Is Sn regular contact wlth each of the Tru8tees, and In p8rtlculaT the Chair, and discusse8 mor•
operational dècisions always on a timely basis.
Pl•ns for futurn perlod•
The Foodbank is committed to delivering a high standard ol 8ervlce lo anyon8 who engages with our work Th?
TTuslees believe that the best way to improve 8eNice 18 by learning from the people who use il 50 we welcome
comments, compllmenls and complaints from clients. referral agencies, volunteers and anyone else Foodbank
comes Into contact with. These help the Trustee8 lo see what the Foodbank is doing well and where 11 can
make improvements for the future. To this end, the Foodbank has now successfully eslabllshed Itself Into a new
enlarged warehouslng facility lo cope with the extra food requirement8 and is now looking lo bed Ihls In lo the
operational procedure and eslabligh Improved efficiencies %thil¥t mainlaining a safe working environment and an
engaging place to work for all staff and velunleers.
P8ge 7

BEDFORD FOODBANK
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Ststsment of Tru8tses' ve8pon8lbllltloJ
The Trustees ar8 resp￿SIble for preparing the Truslees, Report and the financial statements In accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practi¢e}.
The law applScable to charlties in England & Wales requlres the Trustees to prepare flnandal statemants for
each finanaal which give a true and fair view of the slate of affairs of the Charity and of its incoming resources
and application of ￿SOurCeS, including its income and expendrture, for that period. In preparing these financial
Statements, the TTUBtee5 are requlred to..
select suitable accounting policies and then apply them conslstenlty.,
observe the methods and pdnclples of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounb'ng Standards IFRS 102) have been followed, Subject to any material
departures dbyclosèd and explalned In the flnanclal slatèmenls.,
prepare the financial statements on the going concern baw8 unle88 ft18 Inappropriate lo presume that the
Charity wll conts'nue in busine¥¥.
The Trustees are responsible for keeping adequate accounting records that are Sufficlent lo show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial po811ion of the Charty
and enable them to ensure that the finanelal slalementg comply with the Charities Act 2011, the Charly
{Accoun18 and Report81 Regu18tion8 2008 and the provi85on8 of the Trust dee¢J. They are a180 responsible for
safeguardlng the asselg of the Charty and hence for taking reasonable Steps for the prevention and detection of
fraud and other irre9ularilie8.
Approved by order of the rnemberB of the board of Trustees and signed on thelr behalf by.,
G R Moor•
Chair of trustees
Date.. 31 March 2025
Page 8

BEDFORD FOODBANK
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Indepandènt Ex•minerfs Report lo tho Trust••S of B•dford FoOd￿nk Ilh• Charity'l
We report to the Charty Trustees on examination of the accounls of the Charity for the year ended 30
September 2024.
R•sponslbllStios and B•sls ol R•port
As the Trustees of the Charity you are r•sponslble for the preparation of the a￿UnIS In accordance wlh the
requirements of the Charities Act 2011 I'the 2011 Art).
We report in regpe¢t of our examination of the Charity's accounts G3rrie¢J out under sèctbon 145 01 the 2011 Ad
and in cor￿ng out our èxamination we have followed the applicable Directions given by the Charity Commission
under section 145{5llbl of the 2011 Act.
Independont Examin•rf• Stst•m•nt
Since the Charity's gr055 income exceeded £250,000 your examiner musl be a member of a body listed in
sectlon 145 of the 2011 Act. We confirm that we are qualrfied lo undertake the examinab'on because wg are a
member of the In8ts'tut6 of Chartered Account¥nt$ In England and Wales IICAEWI, which is one of the listed
bodies.
Your attention 15 drawn lo the lacl that the Ch8rfty hay prepared the gccounts In accordance ￿th Accounllng and
Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparlng IheSr accounts in
accordance with the Finanu81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 In
preference lo the Accounting and Reporb'ng by Charitles." Slalemenl of Recommended Practice issued on 1 April
2005 which Is referred to in the extgnt regul8llons bul has been ¥￿thdraWn.
We understand that Ihls has been done in order for ihe accounts to provlde a true and fair view in ac￿rdance
with tha Generally Accepted Accounting Pracllce effe￿1ve for reportlng perfod8 beginning on or after l January
2015.
We have completed our examination. Wè confirm that no matter8 have come to our attenllon In connection ￿th
the examination giving us cause to belleve that in any material respect..
accounllng records were not kept in reS￿cl of the Charity as required by section 130 of the 2011 Act., or
the accoun18 do not accord wlh those records,. or
the accounts do not comply wllh the applicable requlrements con¢eming the form and conlenl of
accounts sel out In the Charities (Accounts and Reportsl Regulations 2008 other than any requlremenl
that the accounts give A Irue and 1411 view ￿lCh is not a matter considered as part ol an Independent
examination.
We have no concerns and have come acro89 no other matters in connection wlh the examination to which
attentson should be drawn in this report in order to enable 8 proper understanding of the accounts lo be reached.
This ￿Part 1$ made solely to the Charity's Trustees, as a body, In accordance with Part 4 01 the Charities
IAGcDunts and Report51 Regulation5 2008. Our work ha$ been undertaken so that we rnighl slate lo the Charity's
Trustees those m8tter5 we are required 10 Stale to them in an Independent Examinerfs Report and for no other
purpose. To the fullest extent permitted by law, we do not accept or aggume responsibility lo anyone other than
the Charity and the Charity's Trustees as a body. for our work or for this report.
Signed..
Alan Ender5by
FCA
str••ts Chart•red Accountants
Potton House, Wyboston Lakes, Great Ncllh Road. Wyboston. Bedford, MK44 3BZ
Pagg 9

BEDFORD FOODBANK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Restricted Unrestrlcted
funds
fund$
2024
2024
Total
funds
2024
Tot81
runds
2023
Note
Incom• from:
Donations and legaclèg
Charitable activitie8
Investments
73,667
316,042
282,818
0,290
389,709
282,818
6,290
439,801
422,600
1,964
Total Incom•
73,667
605.148
678.815
864,365
Exp•ndlturn on:
RaisSng lunds
Chantjble ?ctivrti88
204
204
790.296
2,272
680,084
65,637
724.859
Total expendlture
66.637
724,863
790,500
682.356
N•t In¢om•l{expendltur•)
Transfers behveen funds
8.030
80
1119,7151
{801
1111.6851
182,009
15
N•t mov•m•nt In funds
8,110
1119,795
{111.685)
182,009
R•concili•tlon of fundB:
Total fvnds brought forward
Net movement in funds
{4,3001
8,110
630,835
{119,795)
626,527
444,518
182,009
Total fund# carrl•d lorn¥ard
3,802
511,040
614,042
626,527
Tho Slalemenl of Financial Activities Indudeg 811 galn8 and108se$ re￿gniSed in the year.
The notes on page8 13 10 24 form part of these flnancial slalements.
Page 10

BEDFORD FOODBANK
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
2024
2023
Note
Flxed a$$ot¥
Tangible assets
Curront ••s•t•
20.468
21,430
Stocks
Debtors
Cash at bank and In hand
12
84,471
65,976
374.327
47. 737
107.998
456, 718
524,773
612,453
Credltors.. amount$ falllng due within one
year
14
{30,399)
(7,356J
N•t curr•nt as*•t¥
494,374
605,097
Total n•t a•••ts
514,842
626,527
Ch•rfty funds
Reytricled funds
Unrestricted funds
15
3,802
S11,040
{4.308J
630,835
Totsl funds
514,842
626,527
The fin8ncial $talements were approved and aLrthori8ed for issue by the Trustees and ￿gned on thelr behalf by..
G R Moore
Chair of Trustee8
Date.. 31 March 2025
The notes on pages 13 to 24 fonn part of these financial ¥latemenlg.
Page 11

BEDFORD FOODBANK
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2024
2023
Cash Ilow• from ¢pr•￿ng activltl••
Net cash used in operating actiwtie8
(82,8031
97,615
Cayh Ilow• froffl Investing activities
Dividends, Intere515 and rents from investments
Purchase of tangible fixed as$et8
6,290
16,0781
1,964
(1,656)
N•t ca•h provld•d by InvMtlng •ctlvltl••
212
308
Ca•h flow• from financing •ctlvltl•¥
N•t caah provld•d by Iln•nclng actlvltl••
Ch•ng• In ¢a•h •nd c••h •qulv•l•nt• In th• y••r
Ca8h and cash aquivalents at the beginning of the year
182,3911
456,718
97,923
358,795
C•8h and c•gh •qulval•nts at th• •nd of th• y••r
374.327
456,718
The notes on p8ges 13 10 24 fomi part of these finBncig1 sLitements
Page 12

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Gen•ral Inforniation
As sel out the Iruslees. report, Bedford Foodbank is a Charitable InCo￿orated Organisation ICIOI
registered ￿th the Charity Commi55ion in England and Wales. The address of their registered office is
9 Murdock Read, Manton Induslrfal Estate. Bedford. MK417PL.
The financial statements are prepared in Slerflng, whlch 15 the functlonal cU￿encY of the entlty.
Accountlng poll¢lo8
2.1 8as1s ol preparatlon of flnanclal 8tat•mont8
The financial statements have been prepared in accordance wth the Charities SORP IFRS 1021
Accounting and ReportSng by Charltles". Slalemenl of Recommended Practice applicable lo charities
pr&paring their account8 in accordance with the Flnanclal Reportlng Standard appllcable In the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Flnancial Reportlng Standard
applicable in the UK an¢Y Republic of Ireland IFRS 102) and the Charities Act 2011.
Bedford Foodbank meets the definltion of o publlc benefit •nllty under FRS 102.
Asstrts and liabilities are initially recognised al historical cost or transath'on value unle88 oth•￿sse
8laled In the relevant accounting policy.
2.2 Income
AJI income is recognised once the Charity has entl￿ement to the Income, It IL4 probable that the
income VAII be received and the amount of income receivable can be me8gured reliably.
Grants are included In the Stalemgnl of Flnanugl Activities on a receivable basis. The balance of
income received for specific purposes bul not expended during the period is shown in ¢he relav8nl
funds on the Balance Sheet. Where income ig received in odvgnce of enliuemenl of receipt, 118
recognition is deferred and Included in credttors 95 deferred Income. Where entldement o¢cur8
belore income is received. the income is accrued.
Gifts In klnd donated for distributlon are induded al valuation (using standard valuats.on procedures
8dopled by the Trussell Trust) and recognised a5 income when they are donated lo the charity.
Income lax recoverablo In relaUon to Investment income Is recognised at the lime the inve8lmenl
income 1$ receivable.
2.3 Expgndlture
Expondrture 1$ recognised once there 1$ 4 legal or construdve obllgallon to transfer economlc benefit
to a third party, it is probable that a Iran$fer of economic benefits wll be requiTed in settlement and
the amount of the obligation can be measured reliably.
Expenditure on raising funds includes all expenditu￿ incurred by the Charity lo raise funds for Its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking Ihe activities which fiJrther the
Charity's objectives, as well as any a550ciated support costs.
The value of grfts in kind distributed by the ch8rity are included at valuation (using standard valuab'on
procedures adopted by the Trussell Tnjgti.
Page 13

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting polici•s {contynuedl
2.3 Expèndlturè {eontinuedl
All expèndlture Is Inclusive of irrecoverable VAT.
2.4 Intsrost r•c•lv•bl•
Interest on fund$ held on deposit iy Included ￿en receivable and the amount can be meayured
reliably by the Charlly,. this 18 nonnally upon notification cf the interest pald Qr payable by the
institution wth whom the funds are dèposited.
2.5 Tanglble flx¢d a¥$•ts and d•pr•clatton
Tangible fixed aBsels costing £500 or more are ￿pitalIsed and recognisod when future economic
benefity arè probable and the cost or value of the asset can be measured reliably.
Tangible fixed a88elg are Inllially ￿CognIsed al cost. After recognltion. under the cost model. tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bdn9 a tangible fixed a$$et into ils Intended womng Eondilion should be
Induded In the meaiurernent of cost.
Depreciatlon 18 Gharged so as to allocate the ￿8t of tangible fixed assets less thelr residu81 value
over their estimated usebjl live8.
Depreclatlon 1$ pl￿ded on the followng b•sis'.
Motor vehicles
Office equipment
25% Reduclng balance
33% Straight Ilne
2.6 stock•
Stocks of donated and purchased goods are valued using the standard valuation procedures adopted
by the Trussell Trust.
2.7 Debtor•
Trade and other debtors are recognised al the settlement amount afteT any trade diBcount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash al bank and in hand include5 cash and short-term highly liquid investments with a short maturity
three months or le38 Irom the date of acqui511ion or opening of the deposit or similar account.
2.9 Llablllllgs and provl$lon$
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of 8 past
event, (( Is probable that a transfer of economic benefil will be required in 5etllement. and the amount
of the Settlement can be estimated reliably.
Page 14

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policies Icontinuèdl
2.10 Flnanclal Instrumonts
The Charity only hay financial as5ety and financial liabilities of a kind that qualfy as basic financial
instruments. Basic financial Instruments are Initially recognised al Ir8n$actlon value and subsequently
mgasured at their settlement value with the exception of bank loans bthich are subsequently
measured at amortised cost using the effectlve Snlerèst method.
2.11 P•n•lon•
The Charity operat88 a deffned contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
2.12 Fund accountlng
Genefal funds are unre$lricted fund8 whlch are available for use al th& diKretion of the Tru&lee8 In
furtherance of the general oblectlv•# of the Charlty and vthl¢h have nol been deslgnated for other
purposes.
Reslficled funds are funds which a￿ to be us8d In accordance wth specSfic restrictions imp08ed by
donors or vthich have been raised by the Charity for pa￿'cular purposes. The cosls of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is Bel out in the notes lo tho financial $talem?nls.
Investment Income, gains and losses are allocated to the appropriate fund.
Income from don•tlon• and l•g•cle•
Re•trlcted Unmtrlcted
fund•
fund$
2024
2024
Totsl
funds
2024
Tot81
funds
2023
Don8tson$
Grants
Slmllar incoming resource5
210,306
99,928
5.808
210,306
173,595
5,808
286,874
150. 105
2,822
73.667
73,667
316,042
389.709
439,801
Total 2023
38,077
401,724
439,801
Page15

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Incom• from charitabl• actlvltl•s
Unrostrfctsd
fund$
2024
Tot•1
funds
2024
To181
lunds
2023
Foodbank operaUong- Donated goodJ
282,816
282,816
422,600
InvMtm•nt Incom•
Unmtrlctod
fundB
2024
Total
fund¥
2024
Total
runds
2023
Interest received
6,290
0,290
1,964
Expondlture on ralslng fund•
Costs of ril•lng voluntary Income
Unr•strlctsd
fundg
2024
Ti>tal
fund•
2024
Tot81
funds
2023
Fundraising expenses
204
204
2,272
Page 16

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Analy$ls of •xp•ndlturn on charltablo actlvltl?s
Summary by fund typo
Re•trlct•d Unro8trlct•d
fund
funds
2024
2024
Total
2024
Total
2023
Foodbank operations- Monetary expenditure
Foodbank operats"on8- Donated goods
65,637
441,843
282,818
507,480
282,816
257,484
422,600
65.637
724.659
790,298
680,084
Tol812023
55.036
625,048
680,084
Sumrnary by eXpendI￿r• ty
Staff colts D•pr•clatlon Oth•r GO•ts
2024
2024
2024
Tot•1
2024
Total
2023
Foodbank operatlon8-
Monetary expenditure
Foodbank operation8 - Donated
goods
103,440
7,040
397,000
507.480
257,484
282,818
282,816
422,600
103,440
7,040
679.816
790,290
680,084
Tot812023
69, 141
7,006
603,937
680,084
Indop•ndent 8xamlMts r•munor•tlon
2024
2023
Fees payable to the Charitys independent examiner for the independ¢nt
examina￿On of the Charity's annual accounts
2.760
2,670
Page 17

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR E14DED 30 SEPTEAIBER 2024
Staff c¢$1•
2024
2023
Wages and salaries
Contribution lo defined contribution pension schemes
98,142
5,298
64,881
4,260
103.440
69,141
The average number of person8 employed by the Charity during the year was 88 follow8..
2024
No.
2023
No.
Staff
No employee received remuneration amounting to more than £60,000 in elther year.
The charlty'$ key management personnel are the Irusteg5 {vtho glve Ihelr tlme voluntarflyl and the
Foodbank Manager. Total remuneration for key management personnel amounted to £23.296 12023
£19.5631.
10. Trust••$' r•mun•ratlon and •xponses
During the y¢ar, no Twslge8 received any rernunoration or other benefits (2023- £NIL).
During the year ended 30 September 2024, no Trustee expenses have been incurred (2023- £NIL).
Page 18

BEDFORD FOOOBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
11. Tanglblo fixed assots
Motor
vohicles
Offlc•
•qulpment
Total
Cost or valuatSon
At 1 October 2023
Addf(ions
41,&30
3,099
6,078
46,029
6,078
At 30 September 2024
41.930
,177
51,107
O•pr•ciatioTh
Al 1 October 2023
harge for the year
21,973
4,989
1,626
2,051
23,599
7,040
At 30 September 2024
26,962
3,677
30,639
Net book v•lu•
At 30 September 2024
14.968
6.600
20,468
12. Stock•
2024
2023
Goods gvall8blo for di¥trfbutlon
84,471
47,737
13. Debtorn
2024
2023
Duo within one year
Prepayments and accrued in￿rne
Gift aid recoverable
60,645
15,430
70,418
37,580
65,975
107,998
Page 19

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
14. Crnditors: Amounts falling du• wlthln one y•ar
2024
2023
other taxallon and social security
Accruals and deferred Income
1,624
28,775
908
6,448
30,399
7,356
15. Stat•ffl•nt of fund#
Statem•nt of ltsnd• - current y•*t
B#l*nc• •t
8alin¢• at 1
Octob•r
2023
Transforn S•ptemb•r
Inl¢ut
2024
Incom• Exp•ndltur•
UnM8trlcted lund•
General Fund
Fixed 988et rè$erv•
609,403
21,430
605.140
1717.8231
{7.0401
16.1S8)
6.078
490.572
20.468
630,835
60S,148
1724,8831
511,040
R•8trlctsd fund8
Trugsell Trust
Bedford BorDugh Coundl -
Ward ftjnds
14,308
67,367
169,257)
3,802
6,300
18,3801
14,3081
73.667
165,6371
80
3,802
Total of fund•
626.627
678,815
1790,5001
514.842
Page 20

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
15. Statement of funds leontlnuedl
Statoment of funds - prlor y•ar
8alance af
30
Sept&mb8r
2023
Bslance 81
l October
2022
Trnnsf813
inlout
Income Expenditurg
Unr•strl¢t•d ltsnd•
General Fund
Fixed asset reserye
405,087
26,780
826,288
(620,314)
f7,006y
(1,656)
1, 656
609.405
21,430
431,867
826,288
f627,320)
630,835
R•*trlcted funds
Trussell Trugl
12,651
38,077
f55,036)
14,308)
Total of funds
444,518
864,365
(682,356)
626.527
G•nor•l Fund•:
The majority of the ¢harM*s Income and expenditure is for the purpose of runnlng the Bedford Foo(Jbank
and is, therefore, freely avallable lo be ujed for any ch8rilable purpose.
Flxod A8*•t Ro8•rv0:
The charity rnaintain$ a fixed 89sel reserve, equivalent lo the value of fixed as8ets held for use by the
chartly. Depreciation is charged lo the fixed asset reserve and additions are recognised by way of
transfer befv￿en fund8.
Restrlctsd Funds..
Trussell Trust.. The charity conts'nued lo receive funding from the TTu¥$ell Trust amounting to £77,472
(2023 £43,788), of whlch £10,105 12023 £5,711) was lo be treated as an unreslricled rontributs'on
towards operational overheads and £67,367 12023 £38,077) wa5 to be treated a$ restrieted fund3, to
enable the charity lo receive support from the Citizens Advice Bureau ICABI. A CAB advisor attended
each of the distribution cenlres during the year, offering adwce on budgeting and debt management.
Costs of tre CAB advisor amounted to £59,257 and has contsnued beyond the reporting date.
Bedf¢rd Borough Council - Ward funds.. during the year, four wards wlhin Bedford Borough Council
contributed a total of £6.300 for the charity lo purchase food. Purchases of food from these grants
omounled to £6,380, hence £80 of the charity's own funds was used to cover the shortfall and reported by
way of a transfer betsveen lund5.
Page 21

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
16. Summary of funds
Summary of fundg - ciirrent yèar
Balance at
30
Transfer# Septemhr
Inlout
2024
Balance at 1
October
2023
Income Expendlturg
General funds
Re8trfct&d funds
630,835
14,308)
605.148
73,687
1724.8831
165.6371
(801
811.040
3,802
826,527
678,815
1790,6001
514,842
Summary of funds- prior year
8alance et
30
Sèptember
2023
Balance al
l Oclob8r
2022
Tr8nsf8rs
in/out
Income Expenditure
G•neral fund8
Re8trfcted fund¥
431,867
12,651
826,288
38.077
(627,320)
($5.036)
630,835
(4,308J
444,518
864,365
(682,356)
626,527
17. Analy¥l• of net a•80ts botw••n fund>
Analys18 of n•t a•80ts b•I￿On fund• - curront porlod
R•strictsd Unr•$trlcted
fund$
fund8
2024
2024
Totsl
funds
2024
Tangible fixed assets
Current assets
Creditor3 due wlthln one year
20.468
520,971
130,399)
20.468
624,773
130,3991
3.802
Total
3,802
511,040
514.842
Page 22

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
17. Analysis of net asB•ts botwo•n funds Icontlnu•dl
Analys18 of net assets bet￿On fund8 - Prtor pèrlod
Reslricted unrestr￿led
funds
lunds
2023
2023
Total
funds
2023
Tangible fixed assets
Current a$¥els
Credllors due wlhin one year
21,430
616,761
(7,356)
21,430
612,453
(7,356)
{4.308J
Total
(4,308)
630,835
626,527
18. Reconclll•tlon of net mov•m•nt In fund• lo n•t c••h flow fmm operatlng actlvlti
2024
2023
Net incomeloxpendrturo for the period las per Statement of FlnancS41
Aclivllieyl
1111,88SI
182,009
AdJu•tments for:
Oepreciatlon charge8
Dividends, interes13 and rents froln inveytments
Increase in stocks
Oecreasel{increasel In deblorj
Incre•ge in creditor&
7,040
16,290
136,734
42,023
23,043
(1,964?
(18, 756)
(70,968)
Net ca•h provld•d bylluvd In} op•ratlng acllYltl•i
{82,603
97,615
19. Anal￿18 of cash and cash equlv•lgnts
2024
2023
Cash in hand
374.327
456,718
Total cash and cash equivalent•
374,327
456,718
Page 23

BEDFORD FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3D SEPTEMBER 2024
20. Analysls of chang0$ In not dobt
At1
Octob•r
2023 Ca•h flov
At30
8•ptemb•r
2024
Cosh at bank and In hand
456,718
182,3911
374.327
45fj.718
{02,3911
374,327
21. Oyrallng184•e commltmonts
At 30 S•ptember 2024 the Charity had commltment8 lo make future mlnimum lease payments under
nonweancellable operating lease5 a5 follows..
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 yearB
Lglor thon 5 years
93,100
374,400
358,800
86,000
312,000
377,000
826,800
775,000
Page 24