aiARifY NUMBER 1193820 KENSINGTON & CHELSEA FOODBANK TRusfEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
KENSINGTON & CHELSEA FOODBANK REFEREIICE AND ADMINISTrATIVE DEfAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 NOMfNATED TRUSTEES Mr. A. Barnett (Chalr) Ms. S D Crane Ms. E. Gilvarry Rev. M. J. A. Long Mr. D A Schmettertlng Ms. P A Thaxter 2025 tenn end 2025 2024 2023 2023 2024 TREASURER Ms. S D Crane CHARrrY REGISTRATION NUMBER 1193820 PRINCIPAL OFFICE CIO Nottlng Hlll Methodlst Church 240 Lancaster Road London WII 4AH BANKERS Unlty Trust Bank plc PO Box 7193 Planetsry Road Wlllenhall WVI 9DG FINANCIAL ADVISERS Nlcholas Clrffe & Co. Llmited Mill House Mill Court Great Shelford Cambridge CB22 5LD
KENSINGTON & CHELSEA FOODBANK TRUSTEes' REPORT AND FINANCIAL STATEMErs FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES. REPORT Prfnclpal •ddres• The Charfty's prindpal address Is CIO Notting Hlll Methodist Churth, 240 Lancaster Road, London, Wll 4AH. Hl•tory ot th¢ Charlty and currnnt st•tu• The Charity was created on 15 Marth 2021 and thls report refiects the Charfty'5 second pertod of operations as a stsndalone entlty. The foodbank began In late 2018 as part of the Notting Hill Methodist Church, whlch continues to allow the Charity to operate out of its premlses and Is supportlve of tts operatlons. Cha•ftabh purpo The purpose of the Charlty Is to provlde rellef from flnandal hardshlp amongst the people In the Kenslngton and Chelsea (London) and the surroundlng area or In other parts of the UK In such ways as the Trustees from tlme-to-tlme thlnk flt, In partlcular but not exdusively by: (a) provldlng emergenry food, essentlal tolletrfes and household Items to Indlvlduals and familles In need andlor for dlstribution by charities or other organlsatlons worklng to prevent or relieve poverty, and (b) suth other means, Includlng (but not Ilmited to) the provlslon of support or signpostlng to relevant Infomatlon and other advlsory servlces to help address underlylng causes of food poverty. Prlnclpal aetlvlty and publlc benefft The f¢y)dbank seeks to help those faclng food poverty In Kenslngton and Chelsea (London) and the Rurroundlng ar•a. by: (a) Provldlng erneryen food parcels, nomially vla a referral system In partnershlp wlth local agendes, (b) Provldlng essentlal tolletries to those in need and {cl Slgnpostlng and referfng dlents to local support agenaes to help address the mot causes of food poverty.
KENSINGTON & CHELSEA FOODBANK TRUSTEES. REPORT AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 TRusreES' REPORT (contlnued) Current Year Inltlatlve# To aid the foodbank's expanded vision of becomlng a services hub for dients, the foodbank secured the multi-year grants. For 2-3 years, these restricted grants wlll lund an on-slte advlce serv1, plus staffing to help wlth strateglc development as well as recruiting, training and managing a larger volunteer force. Over the year, the foodbank has developed a dose worklng latiOnShIp wlth Citizens Advlce Kensington & Chelsea, which has particular strengths in helping dients wlth managir*9 debt and in navlgatlng the benefit5. System. Those are two of the fartors most commonly Ilnked to food poverty In our community. In furtherance of core operations. partnerships wlth local schools and buslnesses are belng strengthened. Intended to ralse awareness in the communlty as well as Increase donatlons and assistsnce with warehouse stock. There has also been a need for MO fvnds to purd)ase food stock. Whlle the foodbank wldened the giving platfomis avallable to donors and saw an uptick In donatlons, the was also an increased need for food par1$ as well as a rise in food costs. Going forward, the foodbank wlll look to increase both Its core servlce of provldlng food parcels as well as asslstlng clients by sign-posting and referring to local services. In order to do so, as well as to ppa for continuing some of the efforts currentty supported by grants, fundraislng and communications will continue to be a priorlty. In partlcular, plans are being developed to create a more dynamic communications strategy In the coming year, with a focus on using It to grow the volunteer base. This wlll enable the foodbank to serve an even greater number of cllents and expand the services It offers them. As part of that, the foodbank Is seeklng to build relationships wlth a broader range of local community advlce organisations, so that it can signpost cllents to a wider array of 5UPPOrt servlces, such as those which help with mental health Issues or which offer advlce and asSiStsn for flndlng employment. Trustee• The Trustees of the Charity and the end of their ternis In March of a given year are as stated on page 2 of this report. All such Trustees were appointed when the Charity was established on 15 March 2021. At InptiOn, Trustees were appointed for ternis of two, three or four years, so that tirement dates will be staggered, stsng in March 2023. Thereafter Trustees will each be appointed for a three-year tenn, such that nomially at least two nominated Trustees are Scheduled to retire annually. It is possible that an outgoing trustee's retlrement date Is agreed to be later to match the date that an incoming trustee Is able to Joln. The charity will maintain not less than three nor more than twelve Trustees at any time.
KEMSINGTON & CHELSEA FOODBANK TRusfEES' REPORT AND FINAPKIAL sfAEMEMTS FOR THE YEAR ENDED 31 MAR(•12023 TRUSTEES. REPORT (contlnued) Flnanclal report The flnanclal reports are set out on pages 7 to 11. ReMrve•' pollcy Havlng consldered the maln rlsks and the deslre for resenrfes, the Trustees have agreed to a poll of malntalnlng free resen4es of three months of unrestrlcted expendlture. The Trustees have approved the above report and authorised the Chalr to slgn It on thelr behalf. M•. S D Crane (Interlm Chalr) Date: 29 January 2024
KENSINGTON & CHELSEA FOODBANK INDEpeNDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 I report on the accounts for the year ended 31 1ch 2023 set out on pages 7 to 11. ReBp•ctlve reBpon•lbllltl•• of th• T¥t and Ex•mln•r The charfity's Trustees arè fysponslble for the preparatlon of the accounts. The ¢harlty's Trustees ¢onslder that an audlt Is not required for thls yejr (undw Sectlon 144{21 of the Charltles Art 2011 (the 2011 Art)) and that an Independent exarninatlon Is requlred. It15 my responslblllty to: examlne the accounts under Sectlon 145 01 the 2011 Art: to follow the procedu5 lald down In the General Dlrectlons 9lven by the ChaTIty Commlssion (under Section 145{5)(b} of the 2011 Artl: and to stste whether partlcular matters have come to my attention. Ba•1• ol th• Ind•p•nd•nt Examln•rf• t•port My examlnation was carried out In accordance the General Dlrertlons glven by the Charlty Commlsslon. An examlnauon Includes a revlew of the cOUntIng record5 kept by the chjrfty and Comparfson of thè accounts ptesented wlth those records. It also Indudes conslderavon of any unusual Items or dls¢losures In the a¢¢tyJnts and seeklng expl•naUons from you as Trustees cOnmIng such matters. The procedures undertaken do not provlde all the evldence that would be requlred In an audlt. and consequentially no oplnlon Is glven as to whether the accounts present a'true and falr vSew' and the report Is Ilmlted to those matters set out In the ststements below. Independ•nt Ix•mln•rf• •tat•m•nt In connertlon wlth my examlnatlon. no matter has come to my •ttentlon: {1} whkh glve5 me ttnable cause to belleve that. In any rnaterfal aspert, the requlrements to keep a¢¢ountlng records In accordan wlth Sethon 130 of the Art 2011.. and to ppare accounts whlth accord wlth the accounung records and to comply wlth the a¢co¥Jntsng requlrements of the 2011 Att. have not been met: or <2) tt* V4hlth. In my oplnlon. •tt¢ntlon ¥hvuld bE drthwn In order to en•ty a prnper understandlng of the accounts to be reached. A N Cllffe Nicholas Cllffe & Co. Umlted Chartered Accountants Mlll House Mlll Court Great Shelford Cambridge C822 5LD Date.. 2910112(r24
KENSINGfoM & CHELSEA FOQDBANK STATEMENT OF FINANCIAL AcrxvrrIES FOR THE YEAR ENDED 31 MARCM 2023 2023 2022 Totsl INCOMING RESOURCES Incomlng ra¥T(•• from g•n•rat•d fvnd• IYonatJon5 45.705 27.431 45,705 89.676 38,548 1,500 Grants Rettlved 6124S T•)t•l Incomlng r••ourc 04245 73.136 135,381 40.048 RISOURCES EXPENDED Cost rf g•n•rntln9 fund• Charftable acdvltles 6¥24S 4¥770 105.021 9,095 Govemance costs 910 910 780 791 791 197 Tot•1 r••Our* •xp•nd•d 245 44rt77 106,722 10,072 Il•t Incomlno M•o¥r 28,659 28,039 29,976 N•t mov•m•nt ln fund• 28.659 28,659 29.976 TOTAL PUNDS BROUGHT PORWARD 2•.976 29,976 TOTAL PUNDS CARRIED PORWARD 58.635 58,635 29,976 The notes on pages 9 to 11 fomi part of these finandal ststements
KENSINGTON & CHELSEA FOODBANK BALAIICE SHEET AS AT 31 MARCH 2023 2023 2022 CURRENT ASSErs Debtor5 Cash In hand Cash at bank 3.722 90 93.456 90 35,418 OJRREpif LIABILMES (38.633) {5,532) Total n•t ••••ts R•pr•Mnted by: Unr••trlcted fund Income and 9eneral fund 58.635 29,976 Total fund• The flnan¢lal Statements were approved by the Trustees on ...29th January 2024... and slgned on thdr behalf by.. M• S D Crnn• (Znt•rim Chalr) The notes on pages 9 to 11 fvnn part of these finantial statements
KENSINGTON & CHELSEA FOODBANK NOTES TO THE FINANCIAL STATEMEprrs FOR THE YEAR ENDED 31 MARCH 2023 l. Accountlng polklo• 8a$ls of prwratlon The accounts lfinandal statements) have been prepared on an accruals basls, wlth Otems recognised at cost or transactlon valuè unless otherwlse stated In the relevant notes to these accounts. The flnandal statements have been prepaTrd In accordance wlth the Statement of Recommendet1 Practice: Accounting and Reporvng by Charftles preparlng thelr accounts In accordance wtth the Flnandal Reportlng Standard ap1¢•ble in the UK and Republlc of Ireland IFRS 1021 issued on 16 July 2014 and the Flnancfial Reportlng Stsndard appllcable In the Unlted Kinodom and Republlc of Irdand (FRS 102) and the Charltbes Art 2011. The ¢h•TIty constlbjtes a publlc benefft entity as defined by FRS 102. All Incomlng resour are Induded In the Strtefft of Rnjndal Artlvltles fsoFA") when received by the tharlty. Expendlture Is ac¢ounted for on an a¢truè15 ba51s and hè5 been classlfled under heèdSngs that a9gregate all cost lated to the utegory. Where costs unnot be dlrecuy attrlbuted to partScular categorfjes. they have been allocated to actlvltles on a basls ¢onslstent wlth the use of resources. r•x•tlon The ¢h•rlty Is exempt from tax on Its tharltable actlvlves. Pund accountlnq All funds are unrestrirted •nd can be used In accordance wlth the thadtable objettlves at the dlscretlon of the Trustees. 2. Incomlng R4Ur¢ 2023 2022 Total Donatlons Grants recelved 45.705 45.705 38,548 27A31 89,676 62245 73,136 135,381 40,048
KENSIN6foM & CHELSEA FOODBANK IIOTES TO THE FINANCIAL STATEMEiffs (conL) FOR THE YEAR ENDED 31 14ARCH 2023 3. R•wyrt•s Exp•nd 2022 Restrlet•d Unrestrf¢ted Totsl Total Salaries and recrultment Flnal Incluslon Food purchases Mlscellaneotss wpplles Room rent Refreshments Transport expenses Insurance conSu1n8 25> 36,372 254 29,127 5,000 41,3n 23.261 23,261 7.075 ¥512 L512 574 267 2fl 825 L675 1,675 532 503 89 376 6.928 376 6,928 61245 42.776 105,021 9,095 Gov•rn*n(¥ ¢ost¥ Independent exam fve Sundry fees 910 910 720 60 910 910 780 Bank charges ststionery and prlntlng Subscrfptbons 138 138 145 52 85 791 791 197 io
KENSINGTON & CHELSEA FOODBANK NOTES TO THE FINANCIAL STATEMENTS (conL) FOR THE YEAR EIIDED 31 MARCH 2023 4. Trustees. remun•ratOon and ben•fft• There were no Trustees. remuneratlon or other benefits in the year ended 31 March 2023. There were no Trustees. expenses paid In the year ended 31 March 2023. Currert U*bllltl¢s 2023 2022 Accruals and deferred Incorne Payroll taxes Other credltors 34.034 15081 5,107 720 4.812 38.633 5,532 li