REGISTERED CHARITY NUMBER: 1196612 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD 16 NOVEMBER 2021 TO 31 MARCH 2023 FOR CRESCENT FOOD BAINK P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BLI 3AJ
CRESCENT FOOD BANK CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 16 NOVEMBER 2021 TO 31 MARCH 2023 Page Report of the Trustees Ito3 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7t08 Detailed Statement of Financial Activities
CRESCENT FOOD BANK REPORT OF THE TRUSTEES FOR THE PERIOD 16 NOVEMBER 2021 TO 31 MARCH 2023 The trustees present their report with the fmancial statements of the charity for the period 16 November 2021 to 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1196612 Principal address The Mill Prospect Street Bolton BLI 3QH Trustees F A Patel M M Ismail F Y Patel ZHBUX M Gajra appointed 16.11.21 appointed 16.11.21 appointed 16.11.21 - appointed l 0.3.22 appointed 16.11.21 resigned 3.11.22 appointed 16.11.21 - resigned 21.7.22 A S Patel Independent examiner Adam J Syddall MA, ACA Institute of Chartered Accountants in England & Wales P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BLI 3AJ COMMENCEMENT OF ACTIVITIES Crescent Food Bank (CFB) began operating early in 2021 though it was not until 16 November 2021 that charitable status was granted. By that time CFB had received many voluntary donations and som¢ small grants to help with operations. Prior to charity registration CFB had received a number of restricted donations by holding a fun run in the summer of 2021 in aid of "Forgotten People" an organisation funding projects in the Gaza strip. These restricted transactions are not reflected in these accounts as the money was raised and committed prior to the forniation of the charity. The unrestricted money which transferred from the unincorporated voluntary organisation to the Charitable Incorporated Organisation amounted to £4,026.48 and is included within 'voluntary income,. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, dated 16th November 2021, a deed of trust and constitutes a Charitable Incorporated Organisation. Page I
CRESCENT FOOD BANK REPORT OF THE TRUSTEES FOR THE PERIOD 16 NOVEMBER 2021 TO 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees The charity shall have a board of trustees comprising at least 3 persons at all times. New trustees may be recruited to the board at any time by the trustees. In selecting individuals for appointment as trustees, the trustees will give due regard to the skills, knowledge and experience needed for the effective administration of the charity. The trustees may, by and from their number and from time to time, elect such officers (chair, secretary, treasurer) as they see fit. Induction and training of new trustees Each new trustee must receive, on or before his or her first appointment a copy of the charity constitution and a copy of the latest trustees, annual report and financial statements.New trustees must fill in a 'fit and proper, persons forn] and are encouraged to familiarise themselves with the Charity Commission guidance "The essential trustee." Organisational structure As well as a board of trustees, at the date of this report the charity has a management sub-committee who are invited to participate at trustee board meetings. The management committee currently consists of:_ MTYPatel Y Ibrahim M I Issop AABUX J Molvi Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. OBJECTIVES AND ACTIVITIES Objectives and aims The objects of the charity are to prevent or relieve poverty in Bolton and the surrounding areas by providing food aid and relief goods, in particular through the collection and distribution of donations and the operation of a food bank. Significant activities Since the charity was constituted, Crescent Food Bank (CFB) have helped the local community not only through the operation of a food bank, staffed by volunteers, but have also run a number of related projects including . the purchase and delivery of school food parcels the distribution of household appliances and furniture to the needy the collection and distribution of clothing and school uniforn]s Public benefit The trustees have given due regard to the Charity Commission's guidance on public benefit and are confident that Crescent Food Bank benefits the community. From 16th November 2021 to 3 1st March 2023 CFB distributed 2,084 food parcels, helped 6,055 people and provided 211,925 meals. Volunteers The charity relies entirely on volunteers and the trustees are very grateful for all those individuals who give up their time to help those less fortunate. Page 2
CRESCENT FOOD BANK REPORT OF THE TRUSTEES FOR THE PERIOD 16 NOVEMBER 2021 TO 31 MARCH 2023 FINANCIAL REVIEW Reserves policy Crescent Food Bank relies on a mixture of grant funding and volunteer donations to meet its costs. Fixed costs are relatively low and as such the trustees feel that a reserve of £10,000 is sufficient to enable core operations to continue for at least 6 months albeit in a reduced capacity. At the period ended 31 March 2023 the charity held in excess of £ I 0,000 in the general fund allowing the surplus to be designated to specific future projects. Approved by order of the board of trustees on 25 January 2024 and signed on its behalf by: F A Patel - Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CRESCENT FOOD BANK I report on the accounts for the period 16 November 2021 to 31 March 2023, which are set out on pages five to eight. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. My role is to state whether any material matters have come to my attention giving me cause to believe: that accounting records were not kept as required by section 13 0 of the Act; or that the accounts do not accord with those records; or that the accounts do not comply with the accounting requirements of the Act. or that there is further inforn]ation needed for a proper understanding of the accounts. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. Adam J Syddall MA, ACA Institute of Chartered Accountants in England & Wales P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BLI 3AJ 25 January 2024 Page 4
CRESCENT FOOD BANK STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 16 NOVEMBER 2021 TO 31 MARCH 2023 Unrestricted fund Restricted funds Total funds Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Incoming resources from charitable activities School Food Parcels Furniture and appliances Half Terni Food Provision Food aid Volunteer welfare 21,508 21,508 2,150 8,083 500 2,150 8,083 500 25,192 330 25,192 330 Total incoming resources 46,700 11,063 57,763 RESOURCES EXPENDED Charitable activities General School Food Parcels Furniture and appliances Food aid Volunteer welfare Governance costs 6,370 6,370 2,650 8,083 19,798 1,176 480 2,650 8,083 19,798 846 480 330 Total resources expended 27,494 11,063 38,557 NET INCOMING RESOURCES 19,206 19,206 TOTAL FUNDS CARRIED FORWARD 19,206 19,206 The notes fonn part of these fmancial statements Page 5
CRESCENT FOOD BANK BALANCE SHEET AT 31 MARCH 2023 Unrestricted fund Restricted funds Total funds Notes CURRENT ASSETS Cash at bank 19,686 19,686 CREDITORS Amounts falling due within one year (480) (480) NET CURRENT ASSETS 19,206 19,206 TOTAL ASSETS LESS CURRENT LIABILITIES 19,206 19,206 NET ASSETS 19,206 19,206 FUNDS Unrestricted funds Restricted funds 19,206 TOTAL FUNDS 19,206 The fmancial statements were approved by the Board of Trustees on 25 January 2024 and were signed on its behalf by: F A Patel -Trustee The notes forni part of these fmancial statements Page 6
CRESCENT FOOD BANK NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 16 NOVEMBER 2021 TO 31 MARCH 2023 ACCOUNTIING POLICIES Accounting convention The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the fmancial statements. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the period ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the period ended 31 March 2023. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 480 MOVEMENT IN FUNDS Net movement in funds At 31.3.23 Unrestricted funds General fund 19,206 19,206 TOTAL FUNDS 19,206 19,206 Page 7
CRESCENT FOOD BANK NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE PERIOD 16 NOVEMBER 2021 TO 31 MARCH 2023 MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resources Movement in expended funds Unrestricted funds General fund 46,700 (27,494) 19,206 Restricted funds Furniture & Appliances Volunteer welfare School Food Parcels 8,083 330 2,650 (8,083) (330) (2,650) 11,063 (11,063) TOTAL FUNDS 57,763 (38,557) 19,206 RELATED PARTY DISCLOSURES There were no related paty transactions for the period to 31 March 2023. Page 8
CRESCENT FOOD BANK DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 16 NOVEMBER 2021 TO 31 MARCH 2023 INCOMING RESOURCES Voluntary income Donations 21,508 Incoming resources from charitable activities Grants 36,255 Total incoming resources 57,763 RESOURCES EXPENDED Charitable activities Food and packaging Furniture and appliances Vouchers 19,798 8,083 3,435 31,316 Governance costs Independent examination 480 Support costs Management Telephone Postage and stationery Computer expenses Sundries Repairs and renewals Motor expenses & travel 25 877 1,553 1,142 3,071 93 6,761 Total resources expended 38,557 Net income 19,206 This page does not fonn part of the statutory fmancial statements Page 9