THE FOREST FOODBANK
FINANCIAL STATEMENrs
31ST DECEMBER 2022
IKnights
Accountants and Tax Advisor8
## **THE FOREST FOODBANK**
## **REPORT AND ACCOUNTS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2022**
||**INDEX**|
|---|---|
|**Pages**||
|2|Administrative Information|
|3 to 5|Report of the Committee|
|6|Independent Examiner’s Report|
|7|Balance Sheet|
|8|Income and Expenditure Account|
|9|Notes to the Accounts|
1
## **THE FOREST FOOD BANK**
## **ADMINISTRATIVE INFORMATION**
> **COMMITTEE:** Mr A. Garbutt - Chair and Treasurer Mrs. Y. Wood Mrs D. Beard Mrs L. Smallpage- Mitchell Eastern United Site **PRINCIPAL ADDRESS:** Ruspidge Road Cinderford Gloucestershire GL14 3AW
**INDEPENDENT** Knights **EXAMINER:** Accountants and Tax Advisors 21 Highnam Business Centre Highnam Gloucester GL2 8DN
2
## **THE FOREST FOODBANK**
## **COMMITTEE REPORT**
## **PRINCIPAL OBJECT AND STATUS OF CHARITY**
The organisation is registered as a Charitable Incorporated Organisation (CIO) with the Charity Commission, reference number 1183196, is governed by a constitution dated 14[th] August 2020 and operates from Eastern United Site, Ruspidge Road, Cinderford, Gloucestershire, GL14 3AW.
## **OBJECTIVES**
The objectives of the Charitable Incorporated Organisation (CIO) are:
- To relieve persons throughout The Forest of Dean and outlying areas, and in such ways as the trustees from time to time think fit, in particular, but not exclusively by:
- In furtherance of the first object, to supply goods to beneficiaries, either directly or through agency partners approved by the Trustees. Goods to include (but not limited to) food, including tinned and dried foods, to ensure a healthy, balanced and nutritious diet sufficient for am minimum of three days at a time; essential toiletries, household items, clothing as available, fuel poverty support where provision of such services does not compromise the primary purpose of the (CIO).
- To do any other thing consistent with the primary purpose of the CIO, including (but not limited to) the provision of support or signposting to relevant information and other advisory services.
## **ACHIEVEMENTS AND PERFORMANCE**
The Forest Foodbank is a charity that enables the community in and around the Forest of Dean to meet the emergency food needs of those within the same community who are at crisis point in their lives.
During the period to 31[st] December 2022, The Forest Foodbank has provided emergency food for approximately 3,400 (including approximately 1,300 children), distributing 34,000kg of food and essential household supplies. This represented a 10% year-on-year increase in the quantity of food supplied versus the year to 31[st] December 2021.
The ‘Foodbank’ has returned to the distribution model used prior to COVID-19 restrictions and operated half-day opening distribution centres in 3 locations where demand is greatest, providing coverage for Cinderford, Coleford and Lydney. Clients either travel to the nearest location or delivery is provided for those unable to attend in person.
2022 saw the introduction of paid staff to manage the ‘Foodbank’ operations and warehouse.
3
## **THE FOREST FOODBANK**
## **REPORT OF THE COMMITTEE**
## **FINANCIAL REVIEW**
The reporting period saw the first full year of the newly established Forest Foodbank CIO following separation from Coleford Baptist Church.
General donations continued as a similar monthly rate to the previous year, providing sufficient funding to support the activities of the charity without having to utilise cash reserves. Grant funding was received during the period to contribute to the employment of key staff, for the provision of food and warm clothing for clients over the winter period and the first instalment of a financial inclusion grant was received to provide additional advice services to client starting in 2023.
The introduction of paid staff has significantly increased payments, however this is mostly offset by grant funding secured for this purpose from the Trussell Trust. Premises costs were also impacted by a one-ff refit of the warehouse which was required to increase storage capacity and improve safety by providing suitably rated equipment for the weight of goods being handled which will provide a fit-for-purpose facility for the foreseeable future.
The organisation has cash reserves of £232,196 as at 31[st] December 2022, which is held in Lloyds Bank current and deposit accounts.
The Trustees are satisfied that they have sufficient reserves at the Balance Sheet date, together with the ongoing income anticipated, to enable the organisation to function effectively and deliver strategic plans for the coming year.
4
## **THE FOREST FOOD BANK**
## **REPORT OF THE COMMITTEE**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the income resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
Select suitable accounting policies and then apply the consistently; Observe the methods and principles in the Charities SORP; Make judgement and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is appropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Financial Statements and Reports) Regulations and the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
A. Garbutt
……………………………………… Trustee 27[th] October 2023
………………………………………. Date
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## **INDEPENDENT EXAMINER’S REPORT TO**
## **THE FOREST FOODBANK**
We report on the accounts of The Forest Foodbank for the period ended 31[st] December 2022.
## **BASIS OF INDEPENDENT EXAMINER’S REPORT**
Our examination was carried out in accordance with the General directions given by the Charity Commissioners, section 145 of the 2011 Act and in carrying out our examination we have followed all the applicable directions given by the Charity Commission under section 145 (5)(b) of the Act.
An independent examination includes a review of the accounting records kept by the association and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as the committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, we do not express an audit opinion on the view given by the accounts.
## **INDEPENDENT EXAMINER’S STATEMENT**
In connection with my examination, no matter has come to our attention:
- (1) which gives us reasonable cause to believe that, in any material aspect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act 2011:
and to prepare accounts which accord with the accounting records and to comply with the accounting requirement of the Charities Act 2011.
have not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
Knights Accountants and Tax Advisors
21 Highnam Business Centre Highnam GLOUCESTER.
GL2 8DN
27[th] October 2023
6
Date:
## **THE FOREST FOODBANK**
**BALANCE SHEET**
|**AS AT 31**
**ST**
**DECEMBER 2022**
2022
£
£
**FIXED ASSETS**
Fixtures and Fittings
11,037
Computer Equipment
1,602
12,639
**CURRENT ASSETS**
Prepayments
379
Bank Accounts – Lloyds Bank Current Account
Lloyds Bank Deposit Account
32,103
200,093
232,485
**CURRENT LIABILITIES**
Creditors – amounts falling due within 1 year
(Note 2)
384
**NET CURRENT ASSETS**
232,101
**NET ASSETS**
244,740
**_REPRESENTED BY:_**
**_GENERAL FUND_**
_Balance Brought Forward_
_152,114_
_Transferred from Coleford Baptist Church -_
_(Deficit)/Surplus of income over expenditure_
_92,626_
_Balance Carried Forward_
244,740
_Approved by the Committees on ……………………………. and signed on_|2021
£
301
7,10
7
145,006
152,414
30
0
_-_
_132,119_
_19,995_
_its behalf by:_|£
152,114|
|---|---|---|
|||152,114
152,114
|
_MR. A. GARBUTT – CHAIR_
8
## **THE FOREST FOODBANK**
## **INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31ST DECEMBER 2022**
|2022
2021
£
£
£
**INCOME**
Donations
54,692
21,505
Grant Income
84,678
5,894
Sundry Receipts
-
42
Deposit Account Interest
86
5
139,456
**EXPENDITURE**
Purchases and consumables
14,789
1,337
Wages
17,230
-
Pensions
1,402
-
Rent
5,580
2,250
Insurance
570
328
Light and heat
176
38
Telephone
824
137
Post and stationery
49
161
Advertising
-
56
Travel expenses
3,444
1,335
Repairs and renewals
390
-
Computer & I.T. costs
17
80
Miscellaneous expenses
39
15
Volunteers entertaining
576
989
Accountancy
384
300
Professional fees
344
360
Bank charges
64
64
Depreciation- Fixture & Fittings
761
-
Depreciation- Comp Equipment
190
-
46,830
**(DEFICIT)/SURPLUS OF**
**INCOME OVER EXPENDITURE**
**FOR THE YEAR**
92,626|£
27,446
7,451
19,995|
|---|---|
9
## **THE FOREST FOODBANK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **1. ACCOUNTING POLICIES**
## **(a) Accounting Convention**
The accounts are prepared under the historical cost convention on an accruals basis.
## **(b) Accounting by Charities**
The recommendations of SORP2 (Accounting by Charities) have been followed in the preparation of these accounts.
## **(c) Fund Accounting**
The Charity’s general fund consists of funds which the Association may use for its purpose at its discretion.
## **2. CREDITORS**
£
Accrued expenses 384
10