## **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 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**|**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**| |---|---|