ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 WEYMOUTH FOODBANK (Charitable Incorporated Organisation) CHARITY REGISTRATION No: 1190974 Casue Acccwjntlng Ltd New Bam Mudberry Lane Bosham Chichester West Sussex P018 8TS WEYMOUTH FOODBANK (Charitsble Incorrx)raied Organisats"on) CONTENTS Pago 3 Legal arKI Administrative infomiatton Pages 4 tts 6 Trustees, Re￿rt Page 7 Statement of Flnxi81 Acbwl￿S Page 8 Bal8n¢e Sheet Paoes9to 13 Notes to th6 Fina￿1 Stslemts￿ts Page 14 IrKI8F*ndenl E¥aminerfs Report WEYMOUTH FOODBANK (Charitable IncorForated Organisationl LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NUMBER 1190974 DATE OF REGISTRATION 21st August 2020 START OF FINANCIAL YEAR 181 January 2023 END OF FINANCIAL YEAR 31st December 2023 TRUSTEES AT 31ST OECEMBER 2023 jea￿PaUl Dwvloy Ruth Peers Helen Miller Amanda De￿IeY Jacqudrne Trerrt Andr￿ White Julia Clarke IR¢signed 10th January 20241 Ann Hampton {Resi9ned 31st October 20231 LEGAL STATUS Charitable Incorpora￿￿ Organisa¢ion GOVERNING INSTRUMENT CIO. Foundakn Reglstered 21st Aiyist 2020 08JECTS The preventlon or relief of F¥)V8ty or fina￿1 hardshlp. In partr￿lar t￿t not •xclu$Nety kn Weymouth and the surroundSng area based on Chrfslian principles by. •) ProvidNig errwry f¢oJ to individuals and families in need andlor for distribution by Charities or othèr or￿nIsatiOnS worknng to prevent or rdieve povety or financial hardship. bl Such other means. in¢ludlng (but not lifftiled tol the provision ol support or slgnwsting to rdevant infomiation and other advisory seM¢es. CORRESPONDENCE ADDRESS Weymoulh Bapust Church 18 The Esplan&J8 Wèymouih DT4 8DT PRIMARY BANKERS CAF Bank Ltd 25 Kings Hill Avenue King5 Nill West M8llirrfJ Kent ME19 4JQ INDEPENDENT EXAMINERS Cade View Accounting Ltd New 8am m￿d￿rry Lar Bosham Chithester West Sussex P018 8TS WEYMOUTH FOODBANK Icharitsble IncorporaLed Organisationl TRUSTEES. REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 The Trustees present the annual r8FK)rt troether wih the Iln8ntaal statements of the Charttthe Incorporated Organisation for the year ended to 31st December 2023. Charlty Set Up Weymouth Fo¢dbank was r89iSt8red a8 a 8eparate charity on 21st August 2020. The Foc•Jbank was originally established In 2012 and operated from that tiN* urKfer the resFonsibility of Weymouth Baptlst Church. Once the separate charty was registered. r8spon$ibility pa6sed to the Trustee body. On 27th OCto￿r 2020, the FLxxlbank fvnds held by Waymouth Baptist Church were transferr&l Into the Charity. Obj•¢ts and Publlc B•nafit The charity was estsblished with the follovAn9 obj'ects clause: "The prevention or ￿lIef tsf ￿￿erty or finanual hardship. In particular. but not exdwvely in WèymoLrth and surroundlng 8rea, based on Christian w>n¢iples by. 01 Providing amgrgency food to indNiduals and families in n￿1 ath for d￿lbu￿On by charftSes or oth6r organisatlon8 working to prevent or relieve poverty or financial hardship. bl Such other moans. includiro (bLrt not Ilmw to) the provtslon d $upr*Xt or 8ignpostln9 to rebvant Informa￿on and oth¥r advisory services.- We a￿ 8 ChrlsUan organlsatlon motlvated by the love and teachlng of Jesus. Wé stsrtod to meet th8 spacifi¢ c811 to "Feed my sheep" Wo operate according to Biblical principles of compassi¢)n, honesty. integrity. openness, kindness and ¢3rg for all people. regardless of trAckground ry bellef. We believe that has a ba￿C rtght to have on their plat¢. dlgnlty and hope for th8 future. W9ymoLrth 16 a nee(ly tovm with 8rea5 of d8privation. There are many that go hungry through l¢)ss of income or an unexpected bi118 whan on low incomè. Weymouth F¢xrflbank prov*kn a minimum of three days. emergency f¢od In the form of a food parcel. We also provide SUPFQrt and signpxtlNJ lo other agencles to help wth any underlying issugs. We have seen the level of use of the Foodbank In￿#se 5ignifKanty ovw last yoar. Th8 0)staof4fv1ng crlsis has been wid81y ported on and has significanlty impacted Weymouth F(￿nk. As well 8$ helpiNJ Ih05e in tomporary noed of help becauso of an unexpected evenL we aro finding people are needing help on a longar twm basis. Many of our dlents a￿ on ben&fits, which have not kept pace with rises in the cosl ol livirKJ. We are seeing many new ¢llents who have never visitèd a Foodbank before. includlng a number w￿* arg In work In 2023 we had 7,148 réferrab12022: 4.5471 compri$irvJ 2.106 familias. 1A25 couples and 3,617 singlès. This is an Incraasa of 57% over Sasl year fdlowing 8 68,% increase in tha prw(xJ8 year. In total w¢ hel￿d 10,97312022: 6,790) adults and 3.183 12Q22'. 2.2761 children. This equatès to the provision of more than 127.000 mea￿. When planning the activities for Ihe pertod, the Trustees beli0￿ that they have compli&J vhth the duty sel out in sectlon 4 of the Charities Act 2011 to have due regard for Public BenefiL Actlvltles The overall aims and focus of Weymouth Foodbank rwnain unchaThJed in thè ￿r. We distn'bute food out of three premises (we cal them satellrtesl: 11- WeymoLrth Baptist Church- open Tuèsday arKI FrKlay momings. ill- Westham Methodist Church- open Monday moming arKI iiil- St Francis ￿ttlem(￿r - ow) Wednesday moming. We believe that be4n9 open on 4 Fnornings al Jocatiffis local to Cl￿ has mad8 us Tnorè ?c£ewble. WEYMOUTH FOODBANK (Charitable Incorporated Organisabon) TRUSTEES. REPORT {Continued} FOR THE YEAR ENDED 31ST DECEMBER 2023 We have also benefjtted from the p￿￿$10n by a I￿1 company crf a rem-free waretrMxts8 (we call it tha hub). All food i*)naled by individuals and corporates is swt to the hub for ¢heckiThJ arvj storing. Food is supplied to the three satellites from here. The warehouse ha$ allowed us to store ar￿ rotate the increased thl of food donated in a safe and ord¢rly way. It has also allowed us to take delwery of bulk orde[5 froffl supplers to top up the donaied fcM)d. We rety totslly on a team of around 1CiI volunteers as we h8ve no paMI slaff. These come wtm8rity from the churches in W8ymouth. W8 work Closely with other agendes i￿luding Citizens Advke. Thè ￿ntern. First Point and Chtslans Against Povtrrty. These, and many other agenaes refer thwr clients to US lo fwd parcels. Where apwowiate wo rgfer our clients on to them to receive the $p8ci81ist that they need to improve their situation. Subsequent to the year &nd, the loc* that had wovided us with the rent free warehouse wovid8d us with an improved war¢hous6, a9ain rent free. Flnancial Rovlow The rosult$ for the year are shcy4vn In attachthy fft￿ndal 8tatemerrt& Income for the year totalled £119,583 12022: £103,805). Tho Increase in income ¢ompri8es a n￿*ber of ups and dowr& Additional incom8 came in 2023 from Council grants, mainly Household Support GranL A on￿ff gift of £10,000 was f¢cewed in 2023 In advance of a planned warehouso move that happened after the year entj. Incmsed grfl 8id was daimed In 2023. Amounls received from l¢xal companies foll compared with 2022, mainty because at the start of the cost of living crth Sn 2022 therè were a nUm￿r of companias that responded to the need. Etsnalions by individuaLs through our website remained gncouraging. in parb¢ular In the perfod ju81 prior lo Chr6slmaB. We arg gralelul lor a group of people that donate wularty to support the Wo￿. We feel that tho commun5ty and churches ofweymouth have ￿lty got behlnd us. ExpendSture In the year totslled £142.685 (2022 £68,640). Afflost all of the Irm889 in 8p8nd was used lo buy f¢Jod lo $tspplement ths food donatSons. which we use to fe8d our clwl& Fcoj donations to us have increased sufficiantly to meat th8 Increased demand for our services. so we have LTrSgd the cash grants and donations to buy the food requirgd. Our underlying running costs remain very low as planned. We want as much of our donated money as possible to be used lo purchase focd lo feed hungry peop￿. The excess of $xpenditur6 ¢Mr income In 2023 amounted to £23.102 whth was fvnd￿ out of accumulated reserves. Our CaBh reseNes of £62286 ara sufficlent to meet ¢)ur expect&J ne•Js in the medium tgrn1. Struetur•, G¢)vemanc• and Managom•nt Gov8ming Document The charity w3s estsblish8d using the Foundati¢)n Model constitutton. as prowded by the Charity Commi55ion, for Charltable Incorporated Organtsation wh)se ￿Y Voti￿ memb6rs 8re its charity trustee& These wara adopted by the trustees on 21 August 2020. R6crUitmentandApp￿ntffte￿tof Tyust TrL*Stees have responsibility to manage the financial. legal and administration of the charilies. assets and fund$. Trustees are selected and appointed by exisbng trustee& On 31st October 2023 Ann Hamw ￿gned 88 a trustee. Subsèquent to the yèar end on 10th January 2024, Julia Clark8 re8oned as a truslee. Intwialcontroland ffisk Management The systems of intemal control are desKJngJ to wovwje reasormblg absolute assurance against matèrial misstatemant or loss. The Trustees approve the annual budget and mor)itor performant% against IL Risks arg identified and managed. Suitable a￿Unting pdicies are selected arKI applied. No S￿n1fjCarltjudgernents or estimates have twn identified. The Trustees are responsitAe for maintaining proper accA)untiThJ ret*rds whtch disclose wth aC￿raCY at any time the financial position of the rhartty. This includes en$uring they are p￿pared in compliance wtth applicable accountiftg standards and on a going concern ba$i< WEYMOUTH FOODBANK (Charitable Incorporated Organxsation) TRUSTEES. REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023 A full risk management exerclse was carrigj out on set up of the tharity arKI at thè time the warehoLtse was acquired. Th1$ Covered major strategio oFeration81 and financi￿ rlsk to which Weymouth Foodbank expo*J. Systems ar￿ actions ware trslablished to mitlgate the risk$. This wll be re¥p￿1 at least annualty. The Trustees believe thal intsmal controls confom to guidelines issu&J by the Charity Commission. Trusts•s' R8spon$ibllltles The trustees ar? re8ponsibl6 for p￿pOr1r￿j the Trustees. Report and the finarKial stat&ments in accordance with applicable Law and the Generalty Accepted Accounting PrinaF4es {GAAPI including Financial Reporting Stsndard 102.. The Flnancial Reporting Standard applicable in the UK RepublK of IrèkrKI Iunited KiWom G8nerally Accepted Accounting Pr8Cticg1. The Chartties Act 2011 require the tr￿te8S to wepare finar￿la1 stst8ments for each flnandal y8ar vthich glvè a true and fair view of thg slate of affairs of the CIO and of thg surplus or defi¢rt of the CIO for that pèrlod. In preparing those financial 8tstemonts the trustees aro required to: Select suitable accounting poliaes and appty them conwslently. Observe the methods and principles in the char￿e5 SORP. Mak8 judgements and estimates that are reasonable and pn￿ent stste whether applIca￿e UK Accounkn"ng Standards have b￿n followed, 8ubJoct to any material departure8 dlxl¢)sed and explained in th¢ financial statements. Prepare financial Statements on the going concern ba$L8 unle86 it is inapprow1818 lo prosum& that the CIO ￿11 ¢ontlnue in exlstsncè. The tr￿1808 are responsiblg for kew'ng sufficl8nt x¢>)unting T9￿rdS tr49t I￿8Close with r88sona￿a accuraw at any Ume the financial position of the Cha￿tY and enable them to ensure thal the financial stsiernents compty with the Charltles Act 2011, the Charlty (Accovnls and Rep)rtsl Regulations 2008 and the provisions of the Goveming ￿Um0nL They arè also responsible for safeguarding the assgts of tho charity and hence for taking reasonab￿ steps for thg pr8vention and detection of fraud and oth8r irregularltie& Approved bytha Trust8e8on ...................................................16th Apr￿ 2024.....................-................................... Slgned on thelr behalf by Tru8tee.......... p￿nt￿d Name: Jean-Paul De WEYMOUTH FOODBANK Icharitsble Incorpcvted Oiganisation) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 Unrestri¢bJ Restricted FLSnds Funds TOTAL 2023 TOTAL 2022 INCOMING RESOURCES In¢oming Resourc•$ fr¢)m Generated Funds Donati¢)n$. Grants & Legaclas 118.668 118.668 103.590 Inve8lment Incomo 3b 1,001 1.001 215 TOTAL INCOMING RESOURCES 119.669 119.669 103,805 RESOURCES EXPENDEO Co¥ts ofG•ngr•tlng Fund* Cost of Charitsble Actiwtios 141A73 141,873 88.050 Govemanca C¢)sts 4b 898 TOTAL RESOURCES EXPENDED 142.771 142,771 68,840 NET INCOMING IOUTGOINGI RESOURCES {23.102) {23.1021 34.965 Funds Brought FoTh¥ard 85,368 50.403 TOTAL FUNDS CARRIED FORWARD 62,260 62,266 85,368 Movements on all re88rves and au reeogniaed gains and Ioss¢$ 8Te atthe. All of ￿ Organ￿,$ operations are classed as continuing. The notes on pages 9 to 13 fomi p8rt ofthese ffinaTrial ststements. WEYMOUTH FOODBANK Icharitsble Incorporated Organisation) BALANCE SHEET AS AT 31ST DECEMBER 2023 Noto Funds Funds 31W23 31-D￿22 Fixod Ass8ts Tangible Assets Investsn8nts Total Frx8d A89els Current Assèts Dèbtors & Prepayments Cash at Bank and in Hand Total Curront Assats 63.106 63.106 63.106 63.106 86,068 86,068 cr￿ltOri. Amounts f8lUng due wthin one 700 NET CURRENT ASSETS 62.266 62.266 85.388 TOTAL ASSETS Itss current liablutles 62.266 62,266 85,368 Credltors: Amounts falling due In mcfg than one year 10 NET ASSETS 62.266 62.268 85,368 Fund$ of tho Charlty General Funds Restrlctgd Fund8 62,266 85,368 Total Fund$ 62.266 62,266 85,368 Approved by the Tntstees on . .. . ..16th 2024......................................................... Signed on their behabf by Trustee.......................... Printsd Name: J•an-Paul Dorvley WEYMOUTH FOODBANK (Charitsble IncorpoTrted Organisation) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 1. ACCOUNTING POUCIES Basls of Preparntion & Assèssment of Going Corw Basls of Preparation The financial statements hAve been under the hisl¢)rtsl ¢))st conventw)n with items rwni8ed at cost or transaction value unless othe￿iSe stated in the retewant notèlsl to these accounts. The financial statements have btren prepared in aGcordance with the Ststement of R￿0MMended Pla￿1￿. Accounling and Reithing by Charilie5 ISORP 20151 Isecorffl Edilon. effective 1st January 20191. the Financial ReF