REGISTERED CHARITY NUMBER: 1196612 REPORT OFTHE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR CRESCENT FOOD BANK P B Syddall & Co Chartered Accotsntants Grafton Ho¢ 81 Chorley Old Road Bolton Lancashire BLI 3AJ
CRESCENT FOOD BANK CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2024 Pige Report of th¢ Try$t¢¢5 Ind¢p¢nd¢nt EL8miner's Report Statement of Finanti•l Aelivities Balance Sheel Notes to the Flnanelll Statemewts Detsll¢d StstemeTht of FIMThcl*l Aetlvltles
CRESCENT FOOD BANK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The mjstees preseni their rewrt with the financial suements of th¢ ¢harity for the year ¢nded i l Mar¢h 2024. The trustees have adopted the provisiofbs of Accouniing and Reponing by Chariiies.. Swement of Recommended Practice applicable to Charities preparing thcir accounts in accordancc with the Financi•l Re[]ng Standard applicable in the UK and Republic of Ireland (FRS 102) {effertiv¢ l January 2019). OBJECTIVES AND ACTIVITIES Objtctivts #nd aims The objects of the tharity are to preveni or relieve wTrverty in Bolton and the SUTroundin8 are by providing food aid and relief goods, In particular through the collectiot) aThJ distribution of donations and the operntion of a fo bank. SigJ)IfKnt ietivltles Since the charity w&$ ¢onstiMted, Crescent F)d Bank (CFB) have helped the Iwl community not only through the opeTation of a food bank. slaffed by volunteers. bui have also nm a number of relaied projects including ." - the purchase and delivery of school food parcels - the dislribution of household appliances and furniture to the needy . the collection and distribution of clothin8 and school unifom)s Cres¢ertt Food Bank re¢¢ived ex¢ellent fe¢dba¢k from the deputy headt¢a¢h¢r of Si Thoma5, (Halliwell) CE Sch¢)ol who id, "We feel as though we alway5 re4th out Cr¢5c¢n¢ F¢xKI Bank and th¢ 5UPPOrt and advice we receive is superb." In October 2024. Bolton CVS nomin¥ied Crexeni Ffy)d Bank for the Kings Award for Voluntsry Seryices. The nomination ststed, "The volunt¢er5 who operale ihi5 organisjtion are truly remarkable individuals who tirelessly give their lime and energy io ensure ihai ihose in need have acce5S to food. They provide help and assistance wirh respect. digniiy. kindness and empathy iowards all the people who reach oui to thern. Cresceni F(4)d Bank provides a lifeline for many individuals and families in Bolion who ar¢ ring rc inse¢urtry.' Publ1¢ beefll Th¢ trusi¢¢s hav¢ given due regard io the Charity Commission's guidance on pwblic benefit and are confident that Cres¢eni Food Bonk benefits the ¢ommunity. From Isl April 2023 to 3151 March 2024, Cr¢sc¢nt Food Bank distributed 1,634 food parcels, helped 4.719 people and provided 165,165 meals. Volunteerj The charity relies entlrely on volunteers and the truste¢s IT¢ V¢ry W4teful for all those individuals who 8ive up their lime io help those less fortunate. ACHIEVEMENT AND PERFORMANCE Charliable a¢tlvlileJ Crescent Food Bank has developed good relationships with Asd8 and Cowop 1¢h 1$ helping greatly with inierim donaiiorts. Member5 of the cornmittee hav¢ also b¢¢n all¢ndin8 Clusier meeiin85 With local schools to advise them on how Crescent Food Bank con 1P parents who ar¢ suv88lin8 with day to Y fwd provision. In November 2023, Utility project weni live and this was desi8ned io assist families on prepayment meters and in r¢¢eipt of universal credit. All of our seryi¢¢ users under80 thorough vettin8 procedures and only on the production or good evidence of hardship are they Provided vouchers iowards ihe costs of gas and electricity.By F¢bruary 2024, Crescent Food Bank had helped 77 setvice users ihrou8h this project. FINANCIAL REVIEW Princip41 funding sourees Durin8 the year. the charity benefrted froTn £49,806 in grant fvnding. £18,806 was received from the National Lottery Communiry Fund io help with our Nourithing Lives and Bridging Hope project. £31.000 was received from Bolton CVS to help with our Household Suppwt Fund project. Pa8e I
CRESCEr F(M)D BANK REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Fif4ANCIAL REVIEW Reserves poliey Cr¢s¢¢nt Food Bank relies on a mixlure of grdni ndIng and volunteer donations to meet its costs. Fixed cost5 are relatively low and as such the trustees feel that a reserve of £10,000 is suifitient to enable core operation5 to continue for at least 6 months albeit in a reduced cap¥ity. At the peri()d ¢n¢kd 31 Murh 2024 the Charity held in excess of £42,000 in the general fund allowing the surplus to be designated to specific fijture projects. STRucfuRE, GOVERNANCE AND MANAGEME Governing do¢um¢nt The charity is controlled by its goveming documenL dakd 16th November 2021, a deed of tru51 and constitutes a Charitable Incorpordted Organisation. Recruitment Ind ppolntmetht Of new trnstees The charity shall have a board of trustees ¢omprisiDg * 1¢th 3 P¢T50ns •1 all times. New tTU51ees may be recruiied io the board at any time by the tnle¢s. In seleciing individuals for appoiniment as trusiees. the irustees will give due io the skill& knowledge and experience needed for the effeciive administration of ihe Charity. The tnjstees may, by and from their number and from time to time. eleci such officers (chair. secretary, treL%urer) as they see fit. Or%811iSXtionl structure As well a5 a board of Inlee5, ai the dale of this report the charity has a mana8ement sulKommittee who are inviied to Participa ai trusiee board merfings. The mana8¢meni ¢iMnmiryee Currently consists of'.- MTYPaiel Y Ibrthim M I Issop AABUX J Molvi Induetlon and trnlnlng of new tru$iees Each Dew ¢rustee musi receive. on or before his or her first appointment a copy of the charity consiiDJiion and a copy of the laie51 tDJsitts' annual repon and financial sthiements.New ineeS musi fill in a'fii and propef persons fonn and are encouraged io familiari5e ihemselves with the Chariry Commission 8uidance "The essential trustee.. REFERENCE AND ADMINISTRATIVE DETAILS Reglstertd Ch*rlty numbtr 196612 Prlnelpal addr The Mill Prospect Sireet Bolton BLI 3QH Trustees F A Patel M M Ismail F Y P8t¢l (resigned 31.7.24) ZHBUX Y M H Ibrahim (appointed 1.8.24)
CRESCENT FOOD BANK REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINIRATIVE DETAIIS Independent Examlntr Adam J Syddall MA. FCA P B Syddall & Co Chartered Atrountants Grafton House 81 Chorley Old Road Bolton Lan¢ashire BLI 3AJ Approved by order of the board of ttiffttts on 18 December 2024 and sId on its behalf by.. F A Patel - Tnjstee P4¢3
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF CRESCENT FOOD BANK IndepeDdtnt exarniTher's report to the trnstees of Creseent Food Bank I report io the ¢harity (TU5tees on my examinarion of the accounts of Crescent Food Bank (the Trust) for the year ended 31 March 2024. Responsibilities and b*sis of rewfvrt A5 the charity trustees of the Tn you are resp)nsible for the preparation of the accounts in accordan¢¢ wth the requirements of the Charities Aa 2011 (the Aci). I report in respect of my examination of the Trusfs accounts carried out uThJer Seciion 145 of the Aci and In carryin8 out my examination I have followed all applicable Directioris given by the Charity Commi%sion under Section 145{5)(bl of Ihe Act. Indtpendtnt examiner's stateththt I have completed my examination. I wnfinn that no material matters have come io my attention in connection with the exomination giving me cause to believe in any material respect: accountin8 records were not kept in reSPt of the TTU51 as required by Section 130 of the Act: or the accounts do not accord with those records. or the ¥¢¢ouniS do not comply with ihe applicable requirements concernin8 the forn) and content of ac¢ounl$ Set oul in the Charities (Accounts and Repons) Regulaiions 2CWJ8 oiher than any requiremeTht that the accounts give a ttue and fair view which is t)ot a matter considered &% part of an independenl examinaiion. I have no concerns and have come across no oiher matters in connectLOn with the ex#min#iion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Adam J Syddall MA. FCA P B Syddall & Co Chartered A¢counthnts Grafton House 81 ChoTley Old Road Bolton Lancashire BLI 3AJ 18 December 2024
CRESCENT FD BANK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 21124 Unrestricd fimd Restricted funds Totsl funds Notes INCOME AND ENtM)WMENTS FROM Dona¢ion5 and legacies 10.470 10,470 ChArliblt #etlvllks General 49006 49.806 Tot¥1 6(1276 60.276 EXPENDITURE ON Charitable *etivities Generdl 37,472 37.472 NET INCOME 22,804 22,804 RECONCILIATION OF FUNDS Total funds brou8ht forwgrd 19306 19,206 TOTAL FUNDS CARRIED FORWARD 42.010 42,010 The noies fomi part of these financial gai¢m¢T Page 5
CRESCENT FOOD BANK BALANCE SHEET 31 MARCH 21124 Unrestricted Restricted fimd5 Tgtal funds No CURRENT ASSETS Cash ai bank 42.490 42,490 CREDITORS Amounts falling due within one year (480) (480) NET CURRE ASSETS 42.1110 42.010 TOTAL ASSETS LESS CURRENT LIABILITIES 42,010 42,0111 NET ASSETS 42.010 42.010 FUNDS Unrestricted funds 42,01 TOTAL FUNDS 42,01 The financial statements were approved by the Board of Trusttts and authorised for issue on 18 December 2024 and were signed on lis behalf by.. F A Patel- Trustee The notes forni part of thve fin8n¢ial Sth*meDts Page 6
CRESCENT FOOD BANK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2024 ACCOUrING POLICIES Basis of prepring the finncial $tAtements The financial stsiements of the clwity. which is a public benefit entity under FRS 102. have been prepaTed in ac¢ordan¢e wth lh¢ Charitie5 SORP IFRS 102) 'Accounting and Rewrting by Charities". Statement of Recommended Prdctice applicable to charilies preparing their accounts in accordance with th¢ Financi#l Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 Th¢ Financial R¢rtIng Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under ihe hi51orical c051 convention. Income All income is recognised in the Statement of Financial Activities once the clllrity h&8 eniitlement io the funds, it is probable that the income will be received and the amount can be rneUd reliably. Expenditure Liabiliiies are recognised as expendiwre as soon as there is a legal or construciive obligation committin8 the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the oblisation can be measured reliably. Expendityre 15 ¥couni¢d for on an a¢¢ruals basis and has b¢¢n cl&ssifLed under heading5 that aggregale all cost related to the category. Where costs cannor be directly attributed to particular headiny they have been allocated to activiii¢s OD a basi$ ¢onsislenl with th¢ use of resources. Taxation The charity is exempt from tax on its charitable activtties. Fund ecountln8 unrerIC1ed funds can be used in accordance with the charitable objectives w the discretion of the intsiees. Restricied funds can only be used for particular restricted puws within the objects of the charity. R¢striction5 8ri5e wh¢n sp¢¢ifi¢d by the donor or whert funds art rnised for particular r¢strirt¢d purpo. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. TRUSTEES, REMUNERATION AND BENEFITS There were no truste¢s' remuneraiion or other benefits for the year ended 31 March 2024. Trustees, ¢xp¢nxs There were no truslees, expenxs paid for the •r ended 31 March 2024. Pa8e 7 continued...
CRESCENT FOOD BANK NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED31 MARCH 21124 CREDITORS: AMOUPUS FALLING DUE WITHIN ONE YEAR Other creditors MOVEMENT IN FUNDS Net moveTn¢nt in funds Ai 31.3.24 At 1.4.23 Unrestrieted funds G¢neral fund 19306 22.804 42,010 TOTAL FUNDS 1931)6 22.804 42.010 Net movement in funds. included in th¢ above •r¢ •$ follows.. Incoming T¢sour Resources ¢xp¢nded Movement In funds Unrestricted funds G¢n¢ral fund 60J76 (37,472) 22,804 TOTAL FUNDS 60276 (37,472) 22004 RELATED PARTY DISCLOSURES There were no related parry transacti5 for the y¢8r ended 31 Mar¢h 2024. Page 8
CRESCENT FOOD BANK DETAILED STATEMEprroF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2Q24 INCOME AND ENDOWMENTS Donations and legaci Donations l(J,47 Charitable adivities Grants 49,806 Totsl in£orniThg resources 611376 EXPENDITURE ChArltAble #etlvlties Food and pka81Th8 18.305 5.460 7,712 143 533 755 Furniture and appliance5 Telephone Room rental Clothing 32,908 Support toits Mttnagtment Insuranc¢ Postage and stationery Compui¢r expenses Sundries Repairs and renewals Motor exp¢n$¢s & travel 215 961 1.597 210 953 148 4,084 Governlnee eo$ts Auditors. remunerntion for non audii wtyk 480 Total resource5 expended 37,472 Net Income 22.804 This pase do¢5 not fonn part of the siatutory financial sthtements Page g