2024-03-31-accounts - Bankthefood

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

BanktheFood: Report & Accounts Year ended: 30 March 2024

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 a 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 570 food banks in the UK have signed up to the app and 98,500 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 in a strong position, driven largely through the relationship and financial aid from Trussell who donated £61,000 in the past year. The trustees will aim to maintain the 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 21st January 2024 and signed on their behalf by:

Emma Spring

Emma Spring Chair of Trustees

This document was exported from Numbers Each table was converted to an Excel worksheet All other objects

Numbers Sheet Name	Numbers Table Name	Excel Worksheet Name
Summary
	Table 1	Summary
Apr 23
	Table 1	Apr 23
May 23
	Table 1	May 23
Jun 23
	Table 1	Jun 23
Jul 23
	Table 1	Jul 23
Aug 23
	Table 1	Aug 23
Sep 23
	Table 1	Sep 23
Oct 23
	Table 1	Oct 23
Nov 23
	Table 1	Nov 23
Dec 23
	Table 1	Dec 23
Jan 24
	Table 1	Jan 24
Feb 24
	Table 1	Feb 24
Mar 24
	Table 1	Mar 24
Income and expense detail
	Table 1	Income and expense detail
Sheet1
	Table 1	Sheet1
Sheet2
	Table 1	Sheet2


	Accounts Year End 30 March 2024

INCOME				£	£

DonaLons				61,060.40
Crowd funding				170.00
Just Giving				994.58
Cash back				0.16

Total					62,225.14

EXPENSES

PR/MarkeYng				14575.00
Social Media/Bright Media				9832.99
Bank Charges				53.30
PrinLng				46.99
Facebook				0.00
Just Giving subs				90.00

Total					24,598.28

Surplus Income over Expenditure					37,626.86


Bank A/C reconciliaMon
	op bal	23591.34
	surplus	37,626.86
	closing bal		61,218.20


	Income	Expenditure
donaLons	65
PR /MarkeYng		4,525.00
social media		850

total	65	5,375.00

Net income	-5,310.00

Bank Rec
Balance b/fwd	23,591.34
montly net	-5,310.00
Balance c/fwd	18,281.34


		A


	Income	Expenditure

PR/MarkeYng		1,200.00
Social media		850.00
DonaLons	8.41
Total	8.41	2,050.00
Net Expenditure	-2,041.59


Bank Rec
Balance b/fwd	18,281.34
montly net	-2,041.59
Balance c/fwd	16,239.75









		`


	Income	Expenditure

cash back	0.00
Social media fee		850
PR		1200
crowd funding	10

total	10.00	2050.00
Net Expenditure	-2,040.00

Bank Rec
Balance b/fwd	16,239.75
montly net	-2,040.00
Balance c/fwd	14,199.75


	Income	Expenditure

social media fee		1700
web site and app development
PR		1500

Total	0	3200
Net Expenditure	-3200


Bank Rec
Balance b/fwd	14,199.75
montly net	-3,200.00
Balance c/fwd	10,999.75


	Income	Expenditure

Pr/MarkeYng		600.00
Crowd funding	100

Total	100	600.00
Net Expenditure	-500.00


Bank Rec
Balance b/fwd	10,999.75
montly net	-500.00
Balance c/fwd	10,499.75


	Income	Expenditure

social media/Bright media		450
Bank charges		7.1

Total	0	457.10
Net Expenditure	-457.10

Bank Rec
Balance b/fwd	10,499.75
montly net	-457.10
Balance c/fwd	10,042.65


	Income	Expenditure

Social media		850
Just Giving	9.61
Just Giving	2.37
Charges		6.8
Total	11.98	856.80
Net Expenditure	-844.82


Bank Rec
Balance b/fwd	10,042.65
montly net	-844.82
Balance c/fwd	9,197.83


	Income	Expenditure

Social media		850
PrinLng (banner)		46.99
Charges (Bank)		7.4
PR/MarkeYng		1,800.00
DonaLon (re banner)	46.99

total	46.99	2,704.39
Net Expenditure	-2,657.40


Bank Rec
Balance b/fwd	9,197.83
montly net	-2,657.40
Balance c/fwd	6,540.43


	Income	Expenditure

PR/MarkeYng		2,400
Bright media		850
Just Giving	177
Just Giving	392.2
Just Giving	137.03
Just Giving	50
Just Giving		18
cashback	0.16
Charges		7.7

total	756.39	3,275.70
net Income	-2,519.31


Bank Rec
Balance b/fwd	6,540.43
montly net	-2,519.31
Balance c/fwd	4,021.12



	Income	Expenditure

MOB Bright media(social media)		850.00
Just giving	51.62
Charges		8.6
Just Givibg subs		18

total	51.62	876.60

Net expenditure	-824.98


Bank Rec
Balance b/fwd	4,021.12
montly net	-824.98
Balance c/fwd	3,196.14



	Income	Expenditure

MOB Bright media(social media)		850.00
PR		1350
Just Giving subs		18
Charges		7.7
DonaLon (Trussell Trust)	61,000.00

total	61,000.00	2,225.70

Net expenditure	58,774.30


Bank Rec
Balance b/fwd	3,196.14
montly net	58,774.30
Balance c/fwd	61,970.44




	Income	Expenditure

MOB Bright media(social media)		882.99
Just giving subs		36.00
Just giving subs	174.75
Charges		8.00

total	174.75	926.99

Net expenditure	-752.24



Bank Rec
Balance b/fwd	61,970.44
montly net	-752.24
Balance c/fwd	61,218.20

Summary

Expenditure
	Date	Ref #
Social Media/Bright Media
Apr-23		1	850
May-23		6	850
Jun-23		9	850
Jul-23		11, 12	1700
Sep-23		15	450
Oct-23		17	850
Nov-23		20	850
Dec-23		25	850
Jan-24		31	850
Feb-24		33	850
Mar-24		38	882.99
				9832.99

PR/MarkeYng (Stass Daniells) Apr-23		2, 3	4525
May-23		7	1200
Jun-23		10	1200
Jul-23		13	1500
Aug-23		14	600
Nov-23		21, 22	1800
Dec-23		26, 27	2400
Feb-24		35, 36	1350
				14575

Misc charges Sep-23		16	7.1
Oct-23		18	6.8
Nov-23		24	7.4
Dec-23		28	7.7
Jan-24		32	8.6
Feb-24		37	7.7
Mar-24		39	8

				53.30


PrinLng costs Nov-23		23	46.99
				46.99


Just Giving subs Dec-23		29	18
Jan-24		29	18
Feb-24		29	18
Mar-24		29	36
				90



Total Expenditure


Income

Cashback Dec-23 30		0.16	Bank State

			0.16
DonaLons Apr-23 5		5
May-23 8		8.41
Nov-23	25	46.99
Feb-24 34		61000
			61060.4

Crowd Funding Apr-23 4		60
Jun-23 4		10
Aug-23 4		100

			170

Just Giving Oct-23 19		11.98
Dec-23 19		756.23
Jan-24 19		51.62
Mar-24 19		174.75
			994.58

Total Income

Bank statem Bank statem Bank statem Bank statem Bank statem Bank statem Bank statem

24,598.28

Trussell tru.. 62,225.14

Independent examinerfs report to the trustees of BanktheFood I report to the trustees on my examination of the accounts of BanktheFood forthe year ended 30 March 2024. As the charity trustees of BanktheFood, you are responsible for the preparation of the accounts in ccordance with the requirements of the Charities Art 20111'the Act'l. I report in respect of my examination of the accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commisslon under section 14515llbl of the Act. I have completed my examination and I confirm thal no material matters have come to mv ttention in connertion with the examination glving me cause to believe that in any material respect: l. accounting record5 were not kept in respect of the tharity as required by section 130 of the Act: or 2. the accounts do not accord with those records. I have no concerns and have come acr055 no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Name: Relevant profession r membership of professional bodles lif any): Address.. 144A(,i Date: J2