2023-03-31-accounts - Bankthefood

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BanktheFood: Report & Accounts Year ended: 30 March 2023

Charity No. 1194167

Charity principal address:

Old Vicarage Southminster Road, Burnham-on-Crouch CM0 8QG

Reference and Adminstrative Information:

There are currently four trustees: Emma Spring: Chair of trustees Daniel Owen Aikta Hancock David Mills Charity Number: 1194167 Bankers: Virgin Money

Report of the Trustees for the year ended 30 March 2022

The trustees present their annual report and financial statements of the charity for the year ended 30[th] March 2023. The financial statements have been prepared on a receipts and payments basis.

Structure, Governance and Management

BanktheFood is a registered Charitable Incorporated Organisation (CIO), charity number 1194167. The charity was established by al gift (private funder). The app and all the intellectual property associated with it has been gifted to the charity by the app developer.

New trustees are appointed by the existing trustees as and when additional expertise is deemed beneficial for the charity to meet it’s objectives. Trustees serve for a three year term, after which they may put themselves forward for reappointment.

Trustee meetings take place as required subject to a minimum of twice a year.

Objectives and activities for the public benefit

The objective of BanktheFood is to relieve persons in the UK that are in financial hardship through a free app, that aims to link shoppers with their local supermarkets and food banks to make sure that the donations that food banks receive are always plentiful, relevant and consistent

The charity looks to meet this objective by using social media to raise awareness of the app and ensure growing numbers of food banks, supermarkets and members of the general public use the app.

Plans for the Future

Currently approximately 460 food banks in the UK have signed up to the app and 50,000 members of the public have downloaded the app to their mobile device. The trustees aim to continue to promote the app to increase take up by both food banks and the general public.

Financial Review:

The charity ended the first financial year still in a strong position, but the trustees recognise that fund raising will be required to ensure ongoing sustainability in the medium term and in order to meet future plans for wider adoption of the app. The trustees will aim to maintain from the financial year commencing 1[st] April 2023 free reserves in unrestricted funds which equate to approximately three months of charitable expenditure. The trustees consider that this level will provide sufficient funds to continue the charity’s activities of promoting take up of the app whilst pursuing any required additional funding.

Trustees responsibilities in relation to the financial statements:

The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable laws and United Kingdom Accounting standards.The law applicable to charities in England and Wales requires 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 income and expenditure of the charity for that period. In preparing these financial statements the trustees have:

Selected suitable accounting policies and apply them consistently (prepared on a payments and receipts basis)

Observed the methods and principals of the Charities’ SORP

Made judgements and estimates that are reasonable and prudent

Prepared the financial statements on an ongoing concern basis

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of BanktheFood and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud. The trustees are responsible for the maintenance and integrity of the charity and any financial information included on the Charity website.

Approved by the trustees 28th January 2023 and signed on their behalf by:

Emma Spring

Emma Spring Chair of Trustees

Accounts Year End 30 March 2023 INCOME £ £ Sharegi Dona.on 5,000 The Travel Snob Dona.on 565 The Ardonagh Trust Dona.on 5,000 Crowd Funder 461.00 Cash back 6.79 Total 11,032.79 EXPENSES PR/MarkeJng 17,962.00 Social Media/Bright Media 8,600.00 Website/App Development 6,000.00 TwiQer 575.04 Facebook 353.20 ShuQershack Ireland 182.4 Dona.ons 500.00 Mailchimp 62.03 Total 34,234.67 Surplus Expenditure over Income 23,201.88*	Accounts Year End 30 March 2023 INCOME £ £ Sharegi Dona.on 5,000 The Travel Snob Dona.on 565 The Ardonagh Trust Dona.on 5,000 Crowd Funder 461.00 Cash back 6.79 Total 11,032.79 EXPENSES PR/MarkeJng 17,962.00 Social Media/Bright Media 8,600.00 Website/App Development 6,000.00 TwiQer 575.04 Facebook 353.20 ShuQershack Ireland 182.4 Dona.ons 500.00 Mailchimp 62.03 Total 34,234.67 Surplus Expenditure over Income 23,201.88*	Accounts Year End 30 March 2023 INCOME £ £ Sharegi Dona.on 5,000 The Travel Snob Dona.on 565 The Ardonagh Trust Dona.on 5,000 Crowd Funder 461.00 Cash back 6.79 Total 11,032.79 EXPENSES PR/MarkeJng 17,962.00 Social Media/Bright Media 8,600.00 Website/App Development 6,000.00 TwiQer 575.04 Facebook 353.20 ShuQershack Ireland 182.4 Dona.ons 500.00 Mailchimp 62.03 Total 34,234.67 Surplus Expenditure over Income 23,201.88*	Accounts Year End 30 March 2023 INCOME £ £ Sharegi Dona.on 5,000 The Travel Snob Dona.on 565 The Ardonagh Trust Dona.on 5,000 Crowd Funder 461.00 Cash back 6.79 Total 11,032.79 EXPENSES PR/MarkeJng 17,962.00 Social Media/Bright Media 8,600.00 Website/App Development 6,000.00 TwiQer 575.04 Facebook 353.20 ShuQershack Ireland 182.4 Dona.ons 500.00 Mailchimp 62.03 Total 34,234.67 Surplus Expenditure over Income 23,201.88*

	Accounts Year End 30 March 2023

INCOME		£	£

Sharegi* Dona.on		5,000
The Travel Snob Dona.on		565
The Ardonagh Trust Dona.on		5,000
Crowd Funder		461.00
Cash back		6.79

Total			11,032.79

EXPENSES

PR/MarkeJng		17,962.00
Social Media/Bright Media		8,600.00
Website/App Development		6,000.00
TwiQer		575.04
Facebook		353.20
ShuQershack Ireland		182.4
Dona.ons		500.00
Mailchimp		62.03

Total			34,234.67

Surplus Expenditure over Income			23,201.88

	Income Expenditure Share gi dona.on 5,000 PR /MarkeJng 1,100.00 social media 600 ShuQerstock Ire 22.8 cash back 0.08 total 5,000 1,722.80 Net income 3,277.28 Bank Rec* Balance b/fwd 46,793.22 montly net 3,277.28 Balance c/fwd 50,070.50 A

	Income Expenditure PR/MarkeJng 1,375.00 ShuQershack Ireland 22.8 cash back 0.08 Total 0.08 1,397.80 Net Expenditure -1,397.72 Bank Rec Balance b/fwd 50,070.50 montly net -1,397.72 Balance c/fwd 48,672.78 `

	Income Expenditure cash back 0.08 ShuQerstock Ire 22.8 Social media fee 600 Dona.on 565 TwiQer adver.sing 305.7 Facebook adver.sing 125 crowd funding 20 total 585.08 1053.50 Net Expenditure -468.42 Bank Rec Balance b/fwd 48,672.78 montly net -468.42 Balance c/fwd 48,204.36

	Income Expenditure social media fee 600 web site and app development 6,000.00 social media fee 850 Mailchimp & FGN fee 11.33 cashback 1.59 ShuQerstock Ire 22.8 crowd funding 20 TwiQer adv 269.34 Facebook 152.08 Dona.on 500 Total 21.59 8,405.55 Net Expenditure -8,383.96 Bank Rec Balance b/fwd 48,204.36 montly net -8,383.96 Balance c/fwd 39,820.40

	Income Expenditure Pr/MarkeJng 1,375.00 Pr/MarkeJng 900.00 Pr/MarkeJng 1,200.00 cash back 3.34 ShuQerstock Ire 22.80 Mailchimp & FGN fee 11.35 Facebook 76.12 Total 3.34 3,585.27 Net Expenditure -3,581.93 Bank Rec Balance b/fwd 39,820.40 montly net -3,581.93 Balance c/fwd 36,238.47

	Income Expenditure Pr/MarkeJng 1,200.00 social media/Bright media 850 cashback 0.38 Mailchimp & FGN fee 12.88 crowd funding 50 ShuQerstock Ire 22.80 Total 50.38 2,085.68 Net Expenditure -2,035.30 Bank Rec Balance b/fwd 36,238.47 montly net -2,035.30 Balance c/fwd 34,203.17

	Income Expenditure PR/MarkeJng 1,560.00 Social media 850 ShuQerstock Ire 22.8 cash back 0.12 crowd funding 20.00 crowd funding 200 Mailchimp & FGN fee 13.47 Total 220.12 2,446.27 Net Expenditure -2,226.15 Bank Rec Balance b/fwd 34,203.17 montly net -2,226.15 Balance c/fwd 31,977.02

	Income Expenditure Social media 850 Mailchimp & FGN fee 13 ShuQerstock Ire 22.8 PR/MarkeJng 1,200.00 cash back 0.12 crowd funding 30 Nov-22 Social media 850 total 30.12 2,935.80 Net Expenditure -2,905.68 Bank Rec Balance b/fwd 31,977.02 montly net -2,905.68 Balance c/fwd 29,071.34

	Income Expenditure PR/MarkeJng 1,200 crowdfunder 20 crowdfunder 30 crowdfunder 20 crowdfunder 10 cashback 0.12 Dona.on - Ardonagh trust 5000 total 5080.12 1,200.00 net Income 3,880.12 Bank Rec Balance b/fwd 29,071.34 montly net 3,880.12 Balance c/fwd 32,951.46

	Income Expenditure MOB Bright media(social media) 850.00 PR/MarkeJng 900 total 0 1,750.00 Net expenditure -1,750.00 Bank Rec Balance b/fwd 32,951.46 montly net -1,750.00 Balance c/fwd 31,201.46

	Income Expenditure MOB Bright media(social media) 850.00 Charity flm .ckets 252 Crowd funder 15 total 15 1,102.00 Net expenditure -1,087.00 Bank Rec Balance b/fwd 31,201.46 montly net -1,087.00 Balance c/fwd 30,114.46

	Income Expenditure MOB Bright media(social media) 850.00 PR/MarkeJng 1,500.00 PR/MarkeJng 1,200.00 PR/MarkeJng 3,000.00 Cashback 0.88 Crowd funding 26.00 total 26.88 6,550.00 Net expenditure -6,523.12 Bank Rec Balance b/fwd 30,114.46 montly net -6,523.12 Balance c/fwd 23,591.34

Summary
Expenditure
Date
Ref #
Social Media/Bright Media
Apr-22
3
600
Jun-22
5
600
Jul-22
9 & 10
1450
Sep-22
15
850
Oct-22
18
850
Nov-22
19 & 19A
1700
Jan-22
23
850
Feb-22
25
850
Mar-22
27
850
8600
PR/MarkeJng (Stass Daniells)
Apr-22
2
1100
May-22
4
1375
Aug-22
12, 13 & 14
3475
Sep-22
16
1200
Oct-22
17
1560
Nov
20
1200
Dec
21
1200
Jan-23
24
900
Feb-22
26
252
Mar-23
28, 29 & 30
5700
17962
Mailchimp
Jul-22
11.33
Aug-22
11.35
Sep-22
12.88
Oct-22
13.47
Nov-22
13
62.03
FaceBook
Jun-22
Bank Statement
125
Jul-22
Bank Statement
152.08
Aug-22
Bank Statement
76.12
353.2
TwiQer
Jun-22
7
305.7
Jul-22
7
269.34
575.04
ShuQerstock Ire
Apr-22
7A
22.8
May-22
7A
22.8
Jun-22
7A
22.8
Jul-22
7A
22.8
Aug-22
7A
22.8
Sep-22
7A
22.8
Oct-22
7A
22.8
Nov-22
7A
22.8
182.4
Website/App development
Jul-22
8
6000
6000
Dona.ons
Jul-22
11A
500
500
Total Expenditure
34,234.67
Income
Dona.ons
Apr-22
1
5000
Jun-22
6
565
Dec-22
22
5000
10565
Crowd Funding
Jun-22
7C
20
Jul-22
7C
20
Sep-22
7C
50
Oct-22
7C
220
Nov-22
7C
30
Dec-22
7C
80
Feb-23
7C
15
Mar-23
7C
26
461
Cash Back
Apr-22 Bank Statement
0.08
May-22 Bank Statement
0.08
Jun-22 Bank Statement
0.08
Jul-22 Bank Statement
1.59
Aug-22 Bank Statement
3.34
Sep-22
0.38
Oct-22
0.12
Nov-22
0.12
Dec-22
0.12
Mar-23
0.88
6.79
Total Income
11,032.79