Charity registration number 1190517
BLACKBURN FOODBANK
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PM+M Solutions for Business LLP Chartered Accountants New Century House Greenbank Technology Park Challenge Way Blackburn Lancashire BB1 5QB
BLACKBURN FOODBANK
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | S P Adnitt (Chair) |
|---|---|
| L Shore (Secretary) | |
| N J Wilkinson (Treasurer) | |
| M Blackshaw | |
| J A Floyd | |
| M Calow | |
| B K Lewis | |
| R N Roberts | |
| Charity number (England and Wales) | 1190517 |
| Principal address | The Oaks |
| Oakenhurst Road | |
| Blackburn | |
| BB2 1SN | |
| Independent examiner | PM+M Solutions for Business LLP |
| New Century House | |
| Greenbank Technology Park | |
| Challenge Way | |
| Blackburn | |
| Lancashire | |
| BB1 5QB |
BLACKBURN FOODBANK
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 - 15 |
BLACKBURN FOODBANK
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 APRIL 2024
The trustees present their annual report and financial statements for the year ended 30 April 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The objects of the charity is to relieve persons in Blackburn with Darwen who are in a condition of need, hardship or distress (‘beneficiaries’) in such ways as the trustees from time to time think fit, in particular but not exclusively by:
a) supplying boxes to beneficiaries which contain tinned and dried goods to ensure a healthy, balanced and nutritious diet sufficient for up to three days, and;
b) such other means, including (but not limited to) the provision of support and advisory services.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Blackburn Foodbank has continued to uphold its direct service to the people in Blackburn with Darwen who require food support or money advice.
The Charity has received a substantial amount of grant income during this financial year but we do not anticipate that this will be repeated in future years.
The cost of living is affecting all our residents, particularly those who have no financial or emotional buffer. We are a constant; offering a service and treating all people with dignity and respect.
Our staff team is stable and growing in confidence and efficiency with our core mission of ending the need for foodbanks at the fore. Our 70-strong volunteer team is dedicated: amazing commitment is shown by all, and care and compassion evident when talking to clients on the phone or in person at the foodbank. We have had a whole variety of support from different businesses with many encouraging their staff to volunteer at the foodbank as part of their Corporate Social Responsibility. We have consolidated our support offering by working in partnership with other organisations in the Borough – for example Lancashire Mind (providing mental health counselling) and Newground (providing employment support and getting people closer to the job market).
The outreach community work undertaken by our Money Advice Centre is solid with all centres staffed and our advice team spread appropriately across Blackburn with Darwen, minimising travel and/or increasing accessibility for our clients.
To meet the client demand, we are open five days a week for debt and welfare advice and three days for food support.
During the year Blackburn Foodbank provided assistance to the people of Blackburn with Darwen in the following areas:
-
17,854 individual 3-day food parcels - representing 162,648 meals to 11,162 adults and 6,910 children
-
Food received in excess of 104,000kg – with an increase of purchased food and decrease in donations
-
Money Advice Centre managed in excess of £2,523,000 debt and maximised income for 366 clients, including 99 families with children.
Financial review
Net incoming resources for the year were £97,817. Total fund balances at 30 April 2024 were £730,943, of which £131,152 were restricted.
- 1 -
BLACKBURN FOODBANK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure.
It is the general policy of the charity that its free reserves should be minimally maintained to enable operations for 12 to 18 months. The trustees consider this to be represented as an amount of approximately £400,000.
Structure, governance and management
Blackburn Foodbank is a charitable incorporated organisation established under a constitution which outlines the objects, powers and other guidance adopted. The charity trustees shall manage the affairs of the charity and may for that purpose exercise all the powers of the charity.
Every charity trustee must be a natural person and not under the age of sixteen. At least one of the trustees of the charity must be eighteen years of age or over. There must be at least three charity trustees. Apart from the first charity trustees, every trustee must be appointed for a fixed term by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
The trustees who served during the year and up to the date of signature of the financial statements were:
S P Adnitt (Chair) L Shore (Secretary) N J Wilkinson (Treasurer) M Blackshaw J A Floyd M Calow B K Lewis R N Roberts
None of the trustees has any beneficial interest in the charity.
The charity is a member of the Trussell Trust network of foodbanks. Policies and procedures adopted by the charity are mainly based on those of the Trust.
Blackburn Foodbank previously operated as the Blackburn Foodbank Charitable Association (charity number 1151310) before transferring all funds and operations to the Charitable Incorporated Organisation (CIO) from 1 May 2021. The retired charity entity was removed from the Charity Commission on 31 January 2024.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with 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 financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
-
2 -
BLACKBURN FOODBANK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions 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.
The trustees' report was approved by the Board of Trustees.
S.P Adnitt
N J Wilkinson
S P Adnitt (Chair) Trustee
N J Wilkinson (Treasurer) Trustee
27 February 2025
- 3 -
BLACKBURN FOODBANK
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACKBURN FOODBANK
I report to the trustees on my examination of the financial statements of Blackburn Foodbank (the charity) for the year ended 30 April 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Dean Rodgers ACA
For and on behalf of PM+M Solutions for Business LLP
New Century House Greenbank Technology Park Challenge Way Blackburn Lancashire BB1 5QB
Dated: 27 February 2025
- 4 -
BLACKBURN FOODBANK
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 472,171 364,806 Charitable activities 4 13,635 - Investments 5 4,212 - Total income 490,018 364,806 Expenditure on: Charitable activities 6 387,535 369,472 Total expenditure 387,535 369,472 Net income/(expenditure) 102,483 (4,666) Transfers between funds 74,815 (74,815) Net movement in funds 7 177,298 (79,481) Reconciliation of funds: Fund balances at 1 May 2023 422,493 210,633 Fund balances at 30 April 2024 599,791 131,152 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 836,977 484,729 381,536 13,635 - - 4,212 - - 854,824 484,729 381,536 757,007 410,297 341,485 757,007 410,297 341,485 97,817 74,432 40,051 - (113) 113 97,817 74,319 40,164 633,126 348,174 170,469 730,943 422,493 210,633 |
Total 2023 £ 866,265 - - |
|---|---|---|
| 866,265 751,782 |
||
| 751,782 | ||
| 114,483 - |
||
| 114,483 518,643 |
||
| 633,126 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
BLACKBURN FOODBANK
BALANCE SHEET
AS AT 30 APRIL 2024
| 2024 Notes £ Current assets Stocks 11 30,176 Debtors 12 30,806 Cash at bank and in hand 890,395 951,377 Creditors: amounts falling due within one year 13 (220,434) Net current assets The funds of the charity Restricted income funds 18 Unrestricted funds 16 |
£ 730,943 131,152 599,791 730,943 |
2023 £ 40,907 14,968 587,818 643,693 (10,567) |
£ 633,126 |
|---|---|---|---|
| 210,633 422,493 |
|||
| 633,126 |
The financial statements were approved by the trustees on 27 February 2025
N J Wilkinson
S.P Adnitt N J Wilkinson S P Adnitt (Chair) N J Wilkinson (Treasurer) Trustee Trustee
- 6 -
BLACKBURN FOODBANK
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2024
| Notes Cash flows from operating activities Cash generated from operations 20 Investing activities Investment income received Net cash generated from investing activities Net cash generated from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2024 £ 4,212 |
£ 298,365 4,212 - 302,577 587,818 890,395 |
2023 £ - |
£ 112,085 - - |
|---|---|---|---|---|
| 112,085 475,733 |
||||
| 587,818 |
- 7 -
BLACKBURN FOODBANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
1 Accounting policies
Charity information
Blackburn Foodbank is a charitable incorporated organisation registered at the Charity Commission for England and Wales.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash and other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
1.6 Stocks
Stocks is valued at an amount per kilogram as recommended by The Trussell Trust. Food donations received have no cost or net realisable value as they will be donated without consideration.
- 8 -
BLACKBURN FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
1 Accounting policies
(Continued)
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.9 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 9 -
BLACKBURN FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Cash donations 148,216 - Grants 66,893 364,806 Food donations 257,062 - 472,171 364,806 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 148,216 186,394 - 431,699 10,602 381,536 257,062 287,733 - 836,977 484,729 381,536 |
Total 2023 £ 186,394 392,138 287,733 |
|---|---|---|
| 866,265 |
4 Income from charitable activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Financial advice | 13,635 | - | |
| 5 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Interest receivable | 4,212 | - | |
| 6 | Expenditure on charitable activities | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Staff costs | 336,161 | 301,538 | |
| Charitable activities | 153,053 | 170,111 | |
| Food donations | 267,793 | 280,133 | |
| 757,007 | 751,782 | ||
| Analysis by fund | |||
| Unrestricted funds | 387,535 | 410,297 | |
| Restricted funds | 369,472 | 341,485 | |
| 757,007 | 751,782 |
- 10 -
BLACKBURN FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
| 7 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements 8 Support costs allocated to activities Support Governance |
2024 £ 2,700 Total 2024 £ 459,312 2,700 462,012 |
2023 £ 2,568 |
|---|---|---|
| Total 2023 £ 372,815 4,308 |
||
| 377,123 |
9 Trustees
The charity employs the wife of trustee Mark Blackshaw in a key management position. Total remuneration of £20,012 relating to this employee is included in employment costs for the year.
None of the trustees (or any other persons connected with them) received any remuneration or benefits from the charity during the year.
10 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2024 Number 16 2024 £ 301,489 16,422 18,250 336,161 |
2023 Number 17 |
|---|---|---|
| 2023 £ 277,974 13,143 10,421 |
||
| 301,538 |
There were no employees whose annual remuneration was more than £60,000.
- 11 -
BLACKBURN FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
| 11 Stocks Food for donations out 12 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income 13 Creditors: amounts falling due within one year Notes Other taxation and social security Deferred income 14 Trade creditors Other creditors Accruals 14 Deferred income Grant income 15 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2024 £ 30,176 2024 £ 3,980 26,826 30,806 2024 £ 3,470 206,101 - - 10,863 220,434 2024 £ 206,101 2024 £ 18,250 |
2023 £ 40,907 |
|---|---|---|
| 2023 £ 1,423 13,545 |
||
| 14,968 | ||
| 2023 £ 2,256 - 937 139 7,235 |
||
| 10,567 | ||
| 2023 £ - |
||
| 2023 £ 10,421 |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
- 12 -
BLACKBURN FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 May 2023 Incoming resources Resources expended Transfers At £ £ £ £ General funds 422,493 490,018 (387,535) 74,815 Previous year: At 1 May 2022 Incoming resources Resources expended Transfers At £ £ £ £ General funds 348,174 484,729 (410,297) (113) Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 £ £ At 30 April 2024: Current assets/(liabilities) 599,791 131,152 599,791 131,152 Unrestricted Restricted funds funds 2023 2023 £ £ At 30 April 2023: Current assets/(liabilities) 422,493 210,633 422,493 210,633 |
30 April 2024 £ 599,791 30 April 2023 £ 422,493 Total 2024 £ 730,943 730,943 Total 2023 £ 633,126 633,126 |
|---|---|
17 Analysis of net assets between funds
- 13 -
BLACKBURN FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
18 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 May 2023 Incoming resources Resources expended Transfers At £ £ £ £ Aldi 1,000 - (370) - Blackburn with Darwen Borough Council 100,236 211,420 (51,236) (75,283) Community Foundation For Lancashire 31 - - (31) Martin Lewis 3,752 - - (3,752) National Lottery 50,038 92,040 (143,697) (113) Tesco 11 - - (11) Trussell Trust 32,885 39,493 (127,962) (559) United Utilities (6,498) - - 6,498 B&Q 4,584 - (4,549) (35) Gamble Aware 24,565 19,853 (41,158) - Sainsbury's 29 1,500 - (1,529) Lidl - 500 (500) - 210,633 364,806 (369,472) (74,815) Previous year: At 1 May 2022 Incoming resources Resources expended Transfers At £ £ £ £ Aldi - 1,000 - - Blackburn with Darwen Borough Council 74,094 146,811 (120,669) - Community Foundation For Lancashire 31 - - - Co-op 246 - (246) - Food Warehouse 3,271 - (3,271) - Martin Lewis 3,752 - - - National Lottery 47,759 104,849 (102,684) 113 Tesco 11 - - - Trussell Trust 45,801 75,327 (88,242) - United Utilities (4,496) 11,050 (13,052) - B&Q - 5,000 (416) - Gamble Aware - 32,999 (8,434) - Sainsbury's - 4,500 (4,471) - 170,469 381,536 (341,485) 113 |
30 April 2024 £ 630 185,137 - - (1,732) - (56,143) - - 3,260 - - 131,152 30 April 2023 £ 1,000 100,236 31 - - 3,752 50,037 11 32,886 (6,498) 4,584 24,565 29 210,633 |
|---|---|
19 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
- 14 -
BLACKBURN FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
| 20 Cash generated from operations Surplus for the year Adjustments for: Investment income recognised in statement of financial activities Movements in working capital: Decrease/(increase) in stocks (Increase)/decrease in debtors Increase in creditors Increase in deferred income Cash generated from operations 21 Analysis of changes in net funds |
2024 £ 97,817 (4,212) 10,731 (15,838) 3,766 206,101 298,365 |
2023 £ 114,483 - (7,600) 1,968 3,234 - 112,085 |
|---|---|---|
The charity had no material debt during the year.
- 15 -