Charlty reglstratitsn numb&r 1199124 HAILSHAM FOODBANK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Caladine Charlered Cerlified Accountants
HAILSHAM FOODBANK LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M Brown MrSDFry Rev R M Graham Mr C P Joyes Father R P Kdty Mr P Kiegera Mr S P Mewett IAppcdnted 21 September 20231 Charity number 1199124 Prlncipal address 4 Market Square Hailsham East Sussex BN27 1AG Indepandent 8xamlngr Cdin Dadswell FCA FCCA DChA Caladine Llmited Chantry House 22 Upperton Road Easttxxjme East Sussex BN21 1 BF Bankers CAF Bank Ltd 25 Kings Hill Wesl Mallng Kent ME194JQ
HAILSHAM FOODBANK CONTENTS Page Trustees, reporl S18tement of trustees, respons(bililios Independant examinevs report Siatement of ffnaneial activities statement offinanckgl position Notes to the finan¢a81 statements 7-17
HAILSHAM FOODBANK TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present Ihelr annual report and finanual st8l8mÈnts for year ended 31 Marth 2024. The financial statements have been prepared in accordance wtth the acoyjnling policies sel out In note 1 to the financkil statements and compty with the charitls nStitutIon, the CharItS Ad 2011 alld "Accounting and Reporting by Ch8rllies". Statement of Recommerthd Practi applicable to chartties preparing their accounts in accordancè with the Financid Reportirig Standard applicable in thè UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. Objectlvès and actlvliles The objects ol tho charity are the relief of financaal hardship amongst peopfe in H8ilsh8m and the surrounding area in such ways as the Trusle&s from time-lo-lime think fit. in part1ar, bul not exclusively by.. Providing ?mergency food. essential tO11rtes, and household items lo individuals and families in need a1 or lor dlstribulion by charities or other organisalions wothng to prevent or rdieve poverty. Such oiher means, includirYJ {but not limited tol the provision of support or signpostin9 to relevant information an¢J othei advisory serv and to pr¢)vlde such serVIS with a Chrtsli8n ethos. suppM)rted by thurches in Hailsham. The Charity 8chievès these obi8cts by prowding a Foodbank in the town in conluncbon with the Trussell Trust. Public benefil The Iruslees have paid due r8g#rd lo guKlance issued by the Charrty Commiswn in decidi wh91 actiwlies the charity should undort8ke. Achlgvements and performancè Sunificant activities and achievèments against obie(knes Bètween April '23 and March '24 the foodbank gave Jt 5,929 errberggnw food Par[S lo local people. This was a small decrease compared to th8 prèvious year thanks to thè work of the Financial Indusiori team in assistlng people with incorlle maximi5a1ll and debt. Due to the On99 cost of livirMJ crisis, with many housahoids struggling lo balance thei¥ finances, 10% csf the food given out had lo be Sour from other loodb8nks or purchased. A loc81 company. JLC-EV, have kindty lOad us a srnall ekctric van which we use wound lown lo save fuel costs. In line with the Trussell Ttust Strateg plan in Changing Communiti'es and Changing Minds, wo seixjred funding for a Local Organiser who is working with us to reducè thè need for our services by helping peop lo access targeted support that addresses the underlying reason for their crisis. This role will also help increase levels ol undèrstanding among local people to help Greate a just and mpaSsIonal8 society wlhoul Ihe need ts food banks. Flnanclal r•vlèw The Charity reGeived income of £360,287 and incurre(l e¥4)enditure of £235,741 dutlng tho year endecl 31 March 2024. The overall result for the year was a surplus of £124,548. Al 31 March 2024 th¢ Charity h8d a positive fund bafice of £177.680 made up of £44,181 in restricted fvnds and £133,499 in general UnTeslricted funds. Reseryes policy 1115 Ihg policy of the charity that unrèslrictsd fijnds whth have not be¢n designated for a specific use should be maintained al a Ve1 equivalent lo beiween three and six mnth's expenditure The Iruslees consider th81 reserves al this level will ensuro that, in the event of a signtfirAnl dfop in funding, they will be able to continue the charity's current aclfvilies while considerailon is given to ways in additw)nal lunds may raised. This level ol reserves has been maintained throughout thè yÈar. structurei governance and management The charily Is a Charitable Incorporated Organatron, registered wth the Charity Comm¢s5ion in England and Wales on 30 May 2022.
HAILSHAM FOODBANK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The tru3lee5 who sotved during the year and up lo the dale of signalLwe of the financHI stalen)enls were: Mr M Brown MrSDFry Rev R M Graham Mf C P Joyes Father R P Kelly Mr P Kiegèra Mrs P Mewell IAppointed 21 September 2023) Rg¢wilmenl and aptgnI ollrnst88S New irusEees with appropri319 skills and exerierE afè 8ppointed as and when the need arises. The Iruslees, r8POrt was approved by the Board of TnÈ8tees. ewett Trusteè Dale.. 2gl,,[£
HAILSHAM FOODBANK STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees ale res[sIble for prepaiing the Tiuslees. Report arKI the financial stalemènls in accordance with applicablo law and United Kingdom Ac(xJunting Standard5 (United Kingdom Gen6rally Accepted Accounting Praelicèl. The law applicablè lo charities in England and Wales requires the ttustee5 to prepare finarri81 statèrnents for each finBnci81 y8ar which give a true and lair view of the state Oi affairs of the charity and of the incoming resources and application of resources ol the (arity for that year. In preparing thèsè financial statements, the trustees are requir81110- - ie¢t suitable accounting p(Ald88 and then appty thom con8181enlty.' - observe thg methods and principles in the Charities SORP: - Fnake judgements anij esbmales that are reason*Ae arKI PTudenl'. stale whelheT applicable acc(AJnting 8tsndards have been fdbvRd. subjeci to any tnalorial departures dlsdosed and explained in the financial st81?ments.' and prepare the financial statements on th8 going coreM ba&s Unl il 18 inappropriate lo prÈsurne that the charity will conllnue in operation. The Iruslees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy al any time the linanaal position of the charVLy and enable them to ensure that the finanaal stat8mènts comply with Ihe Ch8riti8s Act 2011. the Charity IAcwunls and Reports) Regulations 2008 and thè provinS of the trust deed. They are also responsible for safeguaiding the assets of thè charity and hence ft)r lakiro reasonable steps for the prevention and del8ciion of fraud and other iire9ulartbès.
HAILSHAM FOODBANK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAILSHAM FOODBANK I report lo the trustees on my éxamination of the finanG¢al ststements of Hailsham Foodbank (the charity) lor the year ended 31 March 2024. Responsibllities and basls of rÉport As the Iwstè8s of the charity you are responsib f¢x thè prèparaiion of the finan81 statements in accordance with the rwuirern8nts of the Charitie5 Acl 2011 Ilhe 2011 Acti. I report in rèspect of my exarninatiot) of the charivs finan0 statements carried out under section 145 of the 2011 Acl. In carrying out my examination I have followed all the applK8blo Directh)ns given by th8 Charity Commi55Son under section 14515)Ibl of the 2011 Act. Independent examln8r's statement Since the charity's gTOSS income excÈ8ded £250.OtQ your exarniner must be a memt*r of a body listed In sÈtttion 145 of the 2011 Ad, I confirrn that l am qualffied to undertake the examinath)n because l am a member ol th8 Assod81ion ol Charter8d CèElified Accountants. which is one of the listed bod$. Your attentlon 18 drawn lo the fact that the Gharity has prepared financial st3t@ments in accordan with Accounting and Reporting by Charilles pr8pafing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irèl8nd IFRS 1021 in prelerence to the Accounting and Reporting by Gharilles- Statement of Recommended Practice i&8ued on 1 Awil 2005 which 15 refer lo in the extant regulaUons but has now beon Ihdrawn. l understand that this has been {ke Sn order for financial statements to provhde a true and fair view in 8¢¢0rdan¢e with Generally Ac¢ÈptedAccouniing Practke effeclive for reporting riods beginning on oi aft8r 1 JBnuary 2015. I have complet8d my examin81ion. I confirm that no mattèrs have come to my attention in connection with the examination givts)g me cause to beliove thal in any material ras accounting records were not kept in resp8rt of Ihe charity as requir8d by s8Ctton 130 01 the 2011 Act.. or ihe fillanal slal8ments do not accord wlh those recoTds" or the financial statements do not comply with the applicable requirements conceming the forni and content ol accounts Set out In the Charities (Actounts and Reports) Regulations 2008 other than 8ny requirement that the 8c¢ounls give a Iiu8 and lair vW which is noi a tnatter Condered as part ol an independent examinatson. I have no concems and have come across no otr matters in connecbon with the examinalign lo which attention should be drawm in this pOrt in order io enable a pioper understanding of th8 financial slalements lo reached. Colln Dadswg11 FCA FCCA DChA Ca18dine Limited Chantry House 22 Upperton Roa(1 Eastboume East Sussex BN21 18F 09/0112025
HAILSHAM FOODBANK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unre5trlcted Restrfcted funds funds 2024 2024 Total Unrestflcted Rgstrlcted funds funds 2023 2023 Total 2024 2023 Notes Income from.. t)onations and legaoes InStMentS 288,650 1,854 69,783 358,433 1.854 2,636 16 32,984 125,620 16 Total Income 290,504 69,783 360.287 92.652 32,984 125,636 Expandlturè on: Charitable aclivi11oS Olhef expenditurè 185.100 1,308 49,333 234,433 1,308 61,747 10,755 72.502 10 Total expendlturg 186,408 49,333 235.741 81.747 10,755 72,502 Net In¢om* 104,096 20.450 124.546 30.905 22,229 S3,134 Transfers between funds 17 (1.5021 1.502 Net movemènt In funds 102.594 21,952 124,$46 30,905 22,229 53,134 Reconclllatlon of funds: Fund balanS at 1 April 2023 30,905 22.229 53,134 Fund balances at 31 March 2024 133,499 44.181 177.680 30,905 22.229 53,134 The 51alemonl of financial activities inchKles aN galns and losses reci¥Jnksed in the year. Al ilyrne and expendituie derive f¥om conlinuir4J activities.
HAILSHAM FOODBANK STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2024 2024 2023 Notès FId assèts Property. plant and equipment 12 8,679 8.013 Current assets Invenlories Trade arKI other recelvables Cash al bank and in hand 13 14 1,399 9,258 166,827 5.181 1.882 41.866 177,484 18.4831 48.729 13.606) CurrÈnt Ilabllltl8s 15 N•t currènt assets 169.001 45,121 Net assots 177,680 53,134 The fund5 of the chartty Restricted income funds Unrgslri¢lpd funds 17 44.181 133.499 22,229 30,905 177.680 53,134 The finanaal statements wÈTe approvÈd by the tNstees on .. leg ta• M&weit Trn Trus
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles Charlty Inforniatlon Hallsham FOlbank is 8 CFwitable Incor[ated (nisatIon registered 30 May 2022. 1.1 Reportlng porlod The conparalNe accounting period bègun on 30th May 2022 when the Charity was registeTed, and ended on 31 March 2023. The figures foi the Current pertcxl reflecl a 11 yearfs aclivity ending on 31 hAarch 2024. 1.2 Accounting convention Th8 financlal statements have been Prepared in accordance wlth the tharivs constitution, the Chartties Act 2011, FRS 102 Yhe Financial Reporting Standard appIab in the UK and Republic of Ireland" I'FRS 102.1 and ihe Charities SORP "Ar£ounts"rvJ and Reporting by ChaTities'. Statement ol Recommended Practi¢9 applicab16 lo eh8rities preparing their accounts in accordance wth the FlnanGial Repoiting Standard applicable in the UK and Republic ol Ireland IFRS 1021. {eff8ctive 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The charity has taken advantage of thè provtsK)ns in the SORP for charities not lo prepare a Slalunent of Cash Flows. The financi81 ststemenls have departed from the Charitses IAcrx)unts and R8p(Mtsl Regulations 2008 onty to the extent required to provid8 a tru8 8nd fr view. Thls departure has involved following the Sialement ol Recommended practi for charitiès sPy1*g FRS 102 rathei than the version of the Statement of Recommendgd Pr8Ctice which is Teferred lo in the Regulations but which has slnce been wtthdiawn. The financAal siatemenls are prepared in stwling, vA)tth the functional curtency Df the charity. Monetary amounts in these finanaal stalgm8nls 8re rounded to the nearest £. The financial slalemenls have been prgpared under tho historical C$1 c4)nvenlion. The prinupal accounling poliaes adopted a sel oui b¢ltrw. 1.3 Golng concern At IhÈ lime of approving the finan31 statements. the trustees have a reasonable expectation that the charity has adequate resour$ to continuè in operational existence for the foreseeab future. Thus the trustees continue lo adopt the going concèm basis of aeCOLEnfig in preparing the financial siatemenls. 1.4 Charltable funds Unrestricted funds are 8V8ilable lor use at the d1)n of the trustees in furtherance of their charitable objectwe5. Rostrict funds are subject to specific ConditnS by donors or grantors as lo how Ihoy Thay be used. The purposes and uses of the restricted funds ar8 set out in thè notes lo the financial statements. 1.5 Incomè Income recogrHse(I when the charity is Wlly entiued to il after any rtom18ncÈ conditions hav8 been mel, Ihe amounts can be measured reliably. and il is probable that Ino)me wll be e1Ved. Cash donations are recognis&d on reCpl. IXh8f donations are rÈcognised or>ce the charity has been notified of the donation, unless performan¢e ¢(>ndittons require deferral of the amount Income tax recoverable in rglalion lo donations Teceived under GiftAid or deeds ol covenant bs recognised al the limè of the donation. Legacles are recognlsed on Teceipl or otherwise if the charity has been notified of an impending dBlribulion. Ihg 8mount is known. and receipt 15 expecied. If the amount is nol known, thè legacy is Irealed as a contingent asset.
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ACcounng policiès Icontlnuedl Donated goods and setvices Where praclicable, thè value gifts in kirKI donated for distnbubon to the beneficiaries of the charity are shown a5 inwme in the finanei81 slatemenls upon receipt. Donated fts1 for the Fwdbank has been rnea5ured al £2.371kg 12023.. £2.371kgl This value is recognised 8s a component of donations with an Équivalent amount rgcognised as chaTitabl8 exwdIre. 1.6 Expèndlture Expenditure is retognised once there Is a legal or conslnr¢twe obligation lo transfer economic benefil ID a third party, il is probable that a transfer of economic benefits wll be required in settlemènt, and the amount ol the obligalK)n CAn be measured rollabty. 1.7 Property, plant and •qulpm8nt Property, alll and équtpmenl ale initially measured al c4)sl and subsequenlly mèawred al c051 or valuation. nel of depiecralion and any impairment lo&sès. Depredation is recDJnlsèd so as to wtile off thè cost or valuation of assets les5 Iheir re3ldual values ov8r Ihelr useful lives on the folSowro basis.. FixtUTes and fillings Compute Motor vehid¢s 20% Re(lung Balar 20% Rèduang Balance 20% Reduang Balanc The gain or Ioss 8Tising on Ihe disposal of an asset is delemiined as the dtffÈrenc• between the sale proceeds and the caTrying v8lu8 of the assel, and is reC(JniSed in the slalement of anCIal 8¢tivities. 1.8 Impalmient of nonrfurrent assets At aach reporting date. the carity reviews Ihe caww amounts of ils 18ngible assets to d818rmin& whelh8r there is any indication that those assets have suffered an impairment loss. 11 ally such indallOn exists. Ihg Igcoverable arnount of th& asset is eslimed in OTder to detem)ine the extent of th8 impairment loss lif any). 1.9 Inv•ntorles The Balance she81 irLtdeS the eslirn8led ¥ae of fcM)d h8kl at the year end fvr dlslrilxjtion lo benofi¢iarles in the next financial period. Thè estmated c051 of food is cal70t by weight at an averaye r8t8il c4)st of £2.37 per kilogram12023'. £2.37 per kn"10gram). Nel realisable value is the estimatèd selling price less all estimated ¢osts of completion and costs to be incurred in markellng. se1.ng and distribulson. 1.10 Cash and ca¥h 8qulvalents Gash and cash equivalonls include cash In hand, deF*)Sits held at call vAth banks, other short-lerm liquld Investments wth original maturities of three months CK less. and bank ov8rdr8fis. Bank overdrafts ore shown within borrowings in ¢yirenl liabltIeS,
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢les IContlnued} 1.11 Flnanclal Instruments Thg charity has elected to apply the provisions of Sethon 11 'Basic Finanaal Instruments, and séeOn 12 'Olher Finanaal Instruments Issues. of FRS 102 to all ol its finanaal instruments. Financlal Instruments are reco9nised in the chariivs balance sheet when the charity becomes party to the contractu81 Provisions of the instrument. Finanaal asg8ts and liabilities are offset. 1th the nel amounts presented 41 the finan(?al statements, wh6n therè is alogslly enfc*rceable rKJht lo sel off Ihe recognis&d amounts and there is an inlenlion to Sett Dn a nel basis or lo reaSise tha asset and Sett the liabdiiy simultaneously. Basle flrtantiTal assets Basic financial a5sels, whh includè trade and other reivable$ and (ssh and bank balances, are inillally measured al transaction pri indLtding transaction costs 8rsd are subsequently carried at amortised oosl using the effective inlgrest method unless the arrangerrEnt constitutes a financing transacllon. ere the transaction is measurod al the present value ol the fvtLFre receipt5 discwnled al a rnarkel rale of interest. Financi81 assets da5sified as rl¥able vriihin one year are not amoJfjsgd. Basic financlal liabilitffes Basic financial liabilities, irv4¢Ing trade and other payables and bank loans are initially recognised al Iransaclion price the arrangement wnsb"lutes a financing transactson, where the debt inslrumenl is measured al the present value of the fvIuTe payments discounted at 8 market rale of interesL Financial liabilities dassified as payable within one year are not arnortised. Debt instrumen15 a subsequently carried at amortiseil cost. using the effectsvo interest r81e method. Trade payables are obligab.S to p8y for g)d$ or serwces that have been acquired in the ordinary eA)urse ol operations from supplieis. knounls payable are ck3ssffied as current liabililies il paymanl is due wlhin one year or less, K not, they are presented as nortrcurrent liabilit5. Tiade payable3 are fecognised initislly 81 transaction and subsequenlty measured al amortised cost using Ihe effective inlerest method. Derecognluon of linancial liabilities Financial liabilities are dr9[Sed when the Ghari$ contractual objigations èxpir8 or are discharged or cancelled. 1.12 Employee beneflts The cost of any unused holiday entitment r8cogniS in the period in whrh the employoe's services are r1ved. Termination bènefits are Tecognised Immodialely as an expense when the thaTty is demonstrably commlited lo tèrminat8 the employment ol an SM0Yee or to prowde tèmin8tion benefits. 1.13 R8tlrnmant bènèfits Payments to defined tribUtIOn retirem1 b8nefft are charged as an oxpense 3$ they fall due.
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accounting estlmates and Judgernents In the application of the ¢harilVs accounting [K)l@s. the trustees are required to make judgements, eslimales and assumpb'ons about the carrying amount of atS and liabilities that afe not readity 8pp8renl from other sourcés. Th8 estimates and associated assumptions 8Te based on historKai ÈXrien¢e and olhor foctors that are considwed to be relevant. Actt¢al résults may differ Ir¢)m these estimates. The èstimates and U[ertying assumptions are reOwl on an ongoing basis. Reviwns Its accounting eslimatos are recognised in the pèriod in which the estimate is revised whère the revison affects lY that pad, Dr in the period of Ihe revision and future periCS Yknere the vIsion affects th current and futura rs. Income from donatlons and legacies Unre5trlcted Rostricted funds funds 2024 2024 Total Unrestrictèd R6strlcted fund5 funds 2023 2023 Total 2024 2023 Donations and gifts Grants Donated foc%1 170.e24 27.605 90.221 170,824 97,388 90,221 27,649 21,272 43.715 27,649 54,256 43,715 69,783 32,984 288,fj50 69.783 358,433 32,984 125,620 Donauons and glfts Donations Assets transferted from The Cr05slink Trust Funds transferyed from The Cro8slinkTrust 64,387 64.387 14,089 14.089 9,560 9,560 106,437 11A.437 4,0 170,824 170.824 27,649 27,649 Grants recelvable for cor• activltles East Sussex County Council Trussell Trust PJ Skips Crowdfundir Suss8x Communiiy Foundation Groundwork UK Chalk Cliff Ttusl Olhei Gr8nb under £1.000 22,441 22,441 51,533 10,IJOO 3.314 5.989 3.094 4,000 7,629 5,989 30,826 4,000 7.629 Sl,533 10.000 27.732 3,314 2.500 2,500 1,500 4,485 4,602 4,602 4,485 350 1,265 1,615 650 1,210 27.605 69,783 97.388 21,272 32,984 54.256 10-
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from Investments Unreslrlcted Unrestrlctgd funds funds 2024 2023 Interest rec8iV8ble 1,854 16 Expondlture on charftable aclivltles Foodbank Foodbank 2024 2023 Dlrect costs Staff costs DepreCiatn and imp8irmenl Food purchases and value of donated foc*J Motor expenses Sundry èxpersses Waste disposal VVarehous6 expense5 Van rental cosis Cornrnunity MoneyAdvice costs Acts 435 gifts 74, 2,170 104,640 2,246 15,855 2,004 44,434 395 396 457 180 2,394 650 884 139 19.198 1.370 206,527 66,784 Sharn of support and goveman¢e costs (see not• 61 Support Governance 21.703 6.203 2,572 3,146 234,433 72.502 Analysls by fund LFnrestricled funds Restricted funds 185.100 49.333 61,747 10,755 234,433 72,502 11
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support Costs allocated to actl¥ltles 2024 2023 Renl and fates T81ecommunications and IT Office expènses Insurance Light and heal Software fees and licensiThJ Trainin9 Bank charges Governan costs 13,634 2,285 1,527 1.487 470 1,548 685 67 6,203 2,047 415 90 20 3,14 27,906 5.718 ed Foodbank ee 27,9( 5,718 2024 2023 Governance co$ts ¢omprtse: Legal and prtrf6sonal Accountancy and Indendent Examlnation Bookkeeping 730 1,752 3,721 1,680 1.466 6.203 3.146 Net movement In funds 2024 2023 The nel mov8menl in funds is staled after chargin(creditIg)'. Depreciation of owned property. plant and equipment Loss on disposal of property, plant and equipment 2,170 2,004 TTU$tees None of th8 trustees lor any persons conne(#ed with them) received any Tpmuneralion or t*neffts from the charity during the yeaf. Hailsham Foodbank purchwd a Ford Transil Minibu5Nan from a Iru51ee. Mr Sirwn Fry. for the sum of £4,000. 12-
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employeès The average monthly number of employees durlng the ye¥1 was= 2024 Number 2023 Number Employm¥nt costs 2024 2023 Wages and salaiies So(aal security c0515 Olhel pension wsls 70,842 613 2,641 15,256 599 74,096 f5,855 There werè rMI employeos whose annual remuneration was more than £60.000. Remuneratlon of key management P8onnel Thè remunefalh)n ol key managemenl personnel was as follows.. 2024 2023 Aggregate compensation 33,668 7.651 10 Othèr •xpendlture Unrestricted Unreslrlctgd funds funds 2024 2023 N¢1 k)ss on disposal of tangible fEKed assats 1,308 11 Taxatlorj The charity is exempt from taxation on its a¢knwts L*cause all its income is apd for charitable purposes. 13-
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Property, plant and èqulpment Flxturo5 and Conyutei¥ flttlngs Motor v6hl¢lo5 Yot81 Cost Al 1 April 2023 Addilions Dlsposals 5.546 2.423 474 2,048 4,000 12,0481 10,017 4,474 12.0481 At 31 March 2024 2,897 4.000 12,443 Depreciatlon and Impaimient At 1 AprTI 2023 DeprerJation tharged in ihe year Eliminated in respect of disposals 1.109 887 485 483 410 800 14101 2.004 2,170 14101 Al 31 March 2024 968 3.764 Carrylng amount At 31 March 2024 1,929 3,200 8,679 Al 31 March 2023 4,437 1,938 1,638 8.013 13 Invèntories 2024 2023 Finished goods and goods for resalo 1,399 5,181 14 Trad¢ and other receivables 2024 2023 Amounts falllng dug wlthln one yoar. Other Teceivabies Prepayments and accrued Irome 8,224 1,034 1,682 9,258 1,682 15 Current15abilibe5 2024 2023 Accwals and deferred income 8,483 3,608 14-
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Retlrement b&nefitsch8mes 2024 2023 Deflned conlrlbutlon schemes Chaig$ lo profil or loss in respect of defined ¢ontrFbulKJn schemes 2.641 599 The charity operates a defined contribution penston scheme for an qualfying etnployees. The 8ss818 of the scheme are held sepafately from those ol the in an independ8ntty administered fund. 17 Restrlcted fund¥ The rest¥icled furvjs ol the charity CoMpse the Uxpend@d balances of donalsons and grdnts held on trust subject lo specSfic condilions by donors as lo how they may be used. At 1 Aprll 2023 Incomlrtg rgsources Resources expended Trdn5fers At 31 March 2024 Ciliz&nsAdviceAdvisar Community MOneYAlce ACTS 435 Warehouse Supervisor Warehousè Faciltties Organisation & L( Mobilisalion Grant SCF re Soci81 Media 5,01)0 8.074 4,48S (9.485) 19,5761 11,2651 P1,8531 18151 1.502 1.265 17.464 4.2CX) 6.617 2.538 2,228 5,923 39,869 2.500 16,3391 33.530 2.500 22,229 6g,783 {49,3331 1,502 44,181 Prgvlous perfod: At 1 APTII 2022 Incomlng rosourcès Resources expended Tran$lgrs At 31 March 2023 CitizensAdvicè Adviser Community Money Advice ACTS 435 Warehouse Supervisor Waiehouse Facslities 5,000 8,074 10.468 650 12,3941 16501 15.4481 12,2631 12. 4.800 6,618 2.537 32.984 {10,7551 22.229 15-
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 17 R9Strlcled funds Icontlnuedl Cltlzens Advlce Advlsgr Grant funding was reiVed to cover the (xjsls ol provmdiro an advi8eT from Citizens Advi¢9 is based at the foodbank io provide advice to usets as needs Arise. Costs paid to the adviser are sel against the funding received. Communlty Money Advlce Grant funding was receSved lo cover the costs of woviding a Community Money Adviser who is based at the foodbank lo provide finanU adwce tr) users as needs arise. Costs paid lo the adviser are sel agansl the fvnding received. Acts 435 Acts 435 (registered charity number 11313051 is a F4atfom that faalilales a connethin between Ihose who are in need and those want lo help. A partner d)arity tan post a request for help on behalf of an individual onto the Ads 435 platform so it be mel by donors. The money colleded by Acts 435 is distribut lo thè partnered charity. The partnered charity can then purchase the items appealgd and subsequently Ilonale them to the individual in need, Th8 18strted fund represents monie5 receNed trom Aels 435 and corresponding gxpen(lilur8. Warehouse Supervisor Grant funding was recewed to offset th8 Costs of employing a warehouse supervtsor for additional hours. Wagès paid lo th8 sup&Msor are sel against the fv[lg recèNed. Oryanlsation & Local Mobi115atlon Grant Gr8nt funding for a full lime p08t of a LLKal Organiser to lead local campavJns iwking at how to reduce povèrty. SCF re Soclal Medla Grant A grant from Sussex Community Foundation to fund the part time Communications Officer rok. Warehouse Facilities Grant funding was received lo offset the costs of renting a warehouse where food donalitsns 8re stored. Rent 8nd associated CD5t5 are charged to the fund. 18 Unrostrlcted funds The unrestricted funds of the chawlty tprise the unexpended balarFces of donations and 9rants which are not subject lo speafic condilK)ns by dtsnors and grantors as to how they may be used. These include designated funds which have been sel aside out ol unrestricied fijnds by the trustees lor sperAfiG purposes. At l Apdl 2023 Irkcomlng résoufces Resource5 expended Transfgr¥ At 31 March 2024 General funds 30.905 290,504 1186.4081 11,502) 133,499 Prevlous perfod: At 1 Aprll 2022 Incomlng resources Rosources xp$ndéd Transfers At 31 March 2023 General funds 92,652 {61.7471 30,905 16-
HAILSHAM FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Analysls of net assets bgtween funds Unrestrlctsd funds 2024 Restrlcted lund5 2024 Total 2024 At 31 March 2024: Property, plant and equIent Current asselsJlliabiliti&sl 8.679 124.820 8.679 169,001 44,181 133.499 44,181 177.680 Unrestrlcted funds 2023 Restrlctsd funds 2023 Total 2023 At 31 March 2023.. Property, plant and equipment Current ass8tsllliqbiliti8sl 8,013 22,892 8.013 45,121 22.229 30,905 22,22g 53,134 20 Related party transactlons There were no disclosabte felated party tratiOnS during the year. 17-