CHARXTY NUMBER 1193820 KENSINGTON & CHELSEA FOODBANK TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 KENSINGTON & CHELSEA FOODBANK REFERENCE AND ADMINIsfRATIVE DEfAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 NOMINATED TRUSTEes Temi end Mr. A. Barnett Mr. M. Barrett(appolnted 31 August 2023) Ms. S D Crane (interlm chair) Ms. E. Gilvarry Rev. M.J.A, Long (reslgned 31 July 20231 Ms. K. Nurdoch(appointed 31 August 2023) Ms. P A Thaxter 2025 2026 2025 2027 2026 2027 TREASURER Ms. S.D. Crane CHARITY REGIsfRATION NUMBER 1193820 PRINCIPAL OFFICE CIO Notting Hlll Methodist Church 240 Lancaster Road London WII 4AH BANKERS Unlty Trust Bank plc PO Box 7193 Planetary Road Willenhall WVI 9DG INDEPENDENT EXAMINER A. N. Cliffe esq. Nicholas Cliffe & Co. Umited Mill House Mill Court Great Shelford Cambridge CB22 SLD KENSINGTON & CHELSEA FOODBANK TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REPORT Prlncipal address The Charity's principal address is CIO Notting Hill Methodist Church, 240 Lancaster Road. London, Wll 4AH. Hlstory of the Charlty and current status The Charity was created on 15 March 2021 and this report reflects the Charity's third period of operatlons as a standalone entlty. The foodbank began in late 2018 as part of the Nottlng Hill Methodist Church, which continues to allow the Charity to operate out of its premises and is sUPPOrtlve of its work. The foodbank subscribes and is part of the Trussell food bank network, whose vlsion is for a UK without the need for food banks. Sltuated at the foot of the Grenfell Tower In one of the most deprived parts of London, we have built a reputation in the community for provlding compassionate emergency support, while empowering people to take routes Out of poverty. Charitable purpose The purpose of the Charlty is to provide rellef from financial hardship amongst the people In the Kensington and Chelsea (London) and the surrounding area or in other parts of the UK in such ways as the Trustees from tlme-to-time think fit, in particular but not exclusively by: (a) providing emergency food, essential toiletries and household Items to Individuals and families in need andlor for distribution by charities or other organisations working to prevent or relieve poverty, and (b) such other means, Including (but not limited to) the provislon of support or signpostbng to relevant infomiation and other advisory Servi￿ to help add￿sS underlying causes of food poverty. Principal aaivlty Jn¢l publlc bEneflt The foodbank seeks to help those facing food poverty in Kensington and Chelsea (London) and the surrounding area, by.. (a) Providing three-day emergency food pa￿ls, normally vla a referral system In partnership wlth local agencies, (b) Provlding essentlal tolletries to those in need and {c) Slgnposting and referrlng clients to local support agencies to help address the root causes of food poverty. Some of these agencies are available to access on site, either d¥Jrlng sessions andlor via appointment. KENSINGfoN & CHELSEA FOOD8ANK TRusfEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REPORT (contlnued) Current year inltlatives The foodbank fulfilled 3,010 vouchers this fiscal year, representing a 12% increase frorn the prlor year and corresponding to helping 6,032 Indlviduals. To help meet this increase, the foodbank continues to benefit fmm some two-to-three-year restrlrted grants, intended to aid in its vision of becoming more of a services hub for clients and to supplement Its core foodbank offering. These grants help fund onsite advice services as well as staffing to help strategic development and recruitingi tralning and managing a larger volunteer for￿. The foodbank also received a small grant to fund a few hours per week for a warehouse manager. Volunteers are a key factor in the success of the foodbank and Its reach in the community, with 31 volunteers registered this year. There has been an ine￿ased effort to recruit and train, as while there Is a small core group of long-term dedicated volunteers, many in this vltal group join during a break In their normal routine, then exit again when their situation changes. To continue raising awareness in the communityi partnerships with bLsslnesses were also expanded. During the year, 21 corporate teams came on-site, primarlly to help re-stock shelves with food and toiletrie5 as well as pre-pack bags with core items for the next sesslon. These groups have been invaluable in rnaintaining the warehouse and have also been a source of food donatlons. Operationally. the foodbank made several improvements, includlng.. reorganising storage space to secure an additional IO¥o of shelf space; enhancing the waiting hall by re-introducing tables and refreshments to create a welcoming atmosphere and allow time to speak to volunteers or service partners if deSI￿d. strearnlining stock management by organising ¢Jonations and deliveries on separate days to sessions,. and increaslng educational and Christmas Initiatives with children from local charities and schools. There was also a dedicated efft)rt to Improve the database of and connertions wlth partner referral agencies. Thls involved starting a complete re- assessment and re-organisation of the database of agencies who issue foodbank vouchers to not only ensure maximum reach in the community via agencies signed. tsur that current conracts are 11sted, indlvidual3 are trained on usage and communicatlon is ongoing. Securing sufflcient foodstock and toiletrles was also a significant effort. While we fortunately recelve regular donations from local grocery stores, corporates. churches, private charities and individuals, an increased number of clients as well as more competitlon for donated food supplies during the cost-of-living crisis has led to a greater need to regularly purchase foodstock. We also began to purchase a bit of fresh fruit and vegetables to supplement our core shelf-stable parcels. which has been very well received by clients. Unfortunatelyi thbs increase in costs was exacerbated by an unexperted drop in Christrnas / end-of-year donations. KENSINGTON & CHELSEA FOODBANK TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRusfEES' REPORT {¢ontlnued) Going forward, the foodbank will continue to look for ways to increase both its core service of providing food par￿lS as well as assisting clients by slgnposting and referring to local servlces. In order to cover the costs of doing so, as well as to prepare for continuing sorne of the efforts currently supported by grants, fundraisin9 and communications will be a hlgh priority. Thls will enable the foodbank to serve an even greater number of clients and expand the servi￿5 It offers them. Trustees The Trustees of the Charity and the end of their terms in March of a given year are as stated on page 2 of this report. At In￿Ption, Trustees were appointed for terms of two. three or four years, so that retirement dates would be staggered, starting in March 2023. Thereafter Trustees will each be appointed for a three-year term, such that normally at least two nominated Trustee5 are scheduled to retire annually. The tharlty will malntaln not Sess than three nor more than twelve Trustees at any time, Flnanclal report The flnancial reports are set out on pages 6 to 11. Re$erves' pollcy Having considered the maln risks and the desire for reserves, the Trustee5 have agreed to a policy of maintaining free reserves of three months of unrestricted expenditure. The Trustees have approved the above report and authorised the Interim Chalr to sign it on thelr behalf. Ms. S.D. Crane (Interlm Chalr) Date: KENSINGTON & CHELSEA FOODBANK INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 I report on the accounts for the year ended 31 March 2024 set out on pages 7 to 11. Respectlve responslb1llt1￿ of the Trust￿ and txamin¢r The charlty's Trustees are responslble for the preparatSon of the accounts. The charlty's Trustees conslder that an audlt Ss not requlred for thls year (under Sectlon 144{2) of the Charltles Att 2011 {the 2011 Artll and that an Independent examlnatlon Is requlred. It Is my responslblllty to.. examlne the accounts under Settlon 145 of the 2011 Act,. to follow the procedures lald down In the General Directions glven by the Charlty Commlssion {under Section 145(51(bl of the 20LI Artl,. and to state whether partlcular matters have come to my attentlon. Baslg of the Independent Examlner'5 rèport My examlnatlon wa5 carrfed out in accordance wlth the General Dlrectlons glvèn by the Charlty Commlsslon. An exarnlnation InclLtrdes a review of the accountlng record5 kept by the charlty and comparlson of the account5 presented wlth those ￿OrdS. It also Include5 conslderatlon of any unusual Items or d15closures In the accounts and seeklng explanations from you as Trustees concernlng such matters. The procedures undertaken do not provide all the evldence that would be requlred In an audlt, and consequentlally no opinlon is glven as to whether the accounts present a'true and fair vlew. and the report Is Ilmlted to those matters set out In the statements below. Independent Examlner'$ •tatement In connection wlth my examlnatlon, no matter has come to my ottentlon.. 111 whlch glves me reasonable cause tts belleve that, In any matsrlal aspert, the requlrements to keep accounting records In accordance wlth Sectlon 130 of the Act 2011,. and tg prepare accounts whlch accord wlth the accountlng record5 and to comply wlth the accountlng requlrements of the 2011 Act. have not been met; or 12) to whlch, In my oplnlon, attentlon should be drawn In order to enable a proper understandlng of thF accounts to be reached. A N Cllffe Nlcholas ClSffe & Co. Ll Chartered Accountants Mlll House Mlll Court Great Shelfor*J Cambrldge C822 5LD ted Date: 41,111 KENSINGTON & CHELSEA F¢)ODBANK srATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Restrlcted Unr¢#rlrted Total Totsl INCOMING RESOURCES Incoming resources from generated funds Donatlons 34,962 34,962 33,199 105,972 45,705 89,676 Grants Re￿IVed 72,773 Total of iD¢oming regour¢ 7&773 68.161 140,934 135,381 RESOURCES EXPENDED Cost of generatln9 fund$ Charltable actlvltles 71773 84,310 157.083 105,021 1,905 1.905 910 Governan￿ costs Other resources expended 1,367 1.367 791 Total r•sources expended 72,773 87.582 160,355 106,722 P4et (outyoln9)/incomlng resources (19,421) (19,421) 28,659 Net movement In funds (19.421) {19,421) 28,659 TOTAL FUNDS BROUGHT FORWAAD 58,635 58,635 29,976 TOTAL FUNDS CARRIED FORWARD 39.214 39,214 58,635 The notes on p4ges 9 to 11 form part of these financlal ststements KENSINGTON & CHELSEA FOODBANK BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 CIJRRENT ASSETS Debtors Cash In hand Cash at bank 3,722 90 93,456 90 79,618 CURRENT LIABILrriES (40,494) (38,6331 Total net aswts Represonted by: Unrestrlcted fund Income and general fund 39.214 58,635 Total fynds The financlal Statements were approved by the Trustees on ......... thelr behalf by.. and 51grted on Crano (Interim Chèir) The notes on pag&% 9 to 11 ft*mi part of these finandal statements KENSZNGTON & CHELSEA FOODBANK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l. Accountlng polio•s Basls of preparatlon The accounts Ifinanclal statements) have been prepared on an accruals basls, wlth Items recognlsed at cost or transartlon value unles5 Otherwise stated In the relevant notes to these accounts. The flnanclal statements have been prepared In accordance with the Statement of Recommended Practice= ACCOUn￿ng and Reportlng by Charltles preparlng thelr accounts In accordance wlth the FlnancSal Reporung Standard appllcable In the UK and Republlc of Ireland IFRS 1021 Issued on 16 July 2014 and the F6nanclal Reportlng Standard oppllcable In the Unlted Kln9dom and Republlc of Ireland {FRS 102) and the Charftles Act 2011. The chartty constitutes a publlc benefit entlty as defined by FRS 102. Incomlng resources All Incoming re50tAros are Induded In the Ststement of Flnanclal Actlvltles I"SOFA"I when recelved by the charlty. Resources expended Expendlture Is accounted for on an accruals bas15 and has been classSfied under headlngs that aggregate all cost related to the tategory. Where costs cannot be dlrertly attributed to particular categorles, they have been allocated to acL¢vltles on a basls conslstent wtth the use of resource5. Tax47t The charlty Is exempt from tsx on Its Charltsble actlvltles. Fund accountlng Unrestrlcted funds can be used In accordance wlth the chaHtable objectlves at the dlscretjon of the Trustees. Restricted funds can only be used for partlcular restricted purposes wlthln the objettlves of the charlty. 2. In¢omlng Resources 2024 2023 Restrl¢t•d Vnr•strl¢t•d Total Total Donatlon5 Grants received 34.962 34,962 45,705 33,199 105,972 89,676 72.77Y 72,773 6&161 140,934 135,381 ## **KENSINGTON & CHELSEA FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS (cont.)** ## **FOR THE YEAR ENDED 31 MARCH 2024** ## **3. Resources Expended** |**sources Expended**|**sources Expended**|**sources Expended**| |---|---|---| |**2024**
**£**
**2023**
**£**
**RestrictedUnrestricted**
**Total**
**Total**
**_Charity activities_**
Salariesandrecruitment
FinancialInclusion
Foodpurchases
Miscellaneoussupplies
Roomrent
Refreshments
Transportexpenses
Insurance
Consulting
Telephone
**30,032**
**26,402**
**56,434**
29,127
**42,741**
**4,120**
**48,456**
**1,614**
**90**
**�**
**133**
**640**
**2,655**
**200**
**46,861**
**48,456**
**1,614**
**90**
**�**
**133**
**640**
**2,655**
**200**
41,372
23,261
1,512
267
1,675
503
376
6,928
�
**72,773**
**84,310**
**157,083**
105,021
**_Governance costs_**
Independent exam fee
Sundry fees
-
-
**1,905**
**-**
**1,905**
**-**
910
-
**-**
**1,905**
**1,905**
910
**_Other resources expended_**
Bank charges
Stationery and printing
Subscriptions
IT Expenses
**-**
**-**
**-**
**-**
**241**
**-**
**40**
**1,086**
**241**
**-**
**40**
**1,086**
138
568
85
-
**-**
**1,367**
**1,367**
791||| ||**72,773**
**84,310**
**157,083**
105,021|| |||-
-
**1,905**
**-**
**1,905**
**-**
910
-
**-**
**1,905**
**1,905**
910
**-**
**-**
**-**
**-**
**241**
**-**
**40**
**1,086**
**241**
**-**
**40**
**1,086**
138
568
85
-| |||**-**
**1,367**
**1,367**
791| ## **4. Trustees’ remuneration and benefits** There were no Trustees’ remuneration or other benefits in the year ended 31 March 2024. There were no Trustees’ expenses paid in the year ended 31 March 2024. 10 KENSINGTON & CHELSEA FOODBANK NOTES TO THE FINANCIAL sfATEMENTS (cont.) FOR THE YEAR ENDED 31 MARCH 2024 S. Current Uabllltles 2024 2023 Accrua15 and deferred Income Payroll taxes Other creditors 32,991 206 7,297 34,034 15081 5,107 40,494 38,633 li