Charity Registrgtion Number 1200S03
FINCHLEY
rooD FOR PEOPLE IN NEED
FINCHLEY FOODBANK
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD
29 SEPTEMBER 2022 TO 31 DECEMBER 2023
Accura Accounlanls Ltd
Langley House
pa￿ Road
East Finchley
London
N2 8EY

FINCHLEY FOODBANK
CONTENTS
Paga
Reference and adminislratNe inft)miation
Trustees, report
Independent examinerfs report
Statement of financial activities
Balance sheet
12
Note5 to the financial slalements
13-15

FINCHLEY FOODBANK
REFERENCE AND ADMINISTRATIVE INFORMATION
FOR THE PERIOD ENDED 31 DECEMBER 2023
Charity Name
Finchley Foodbank
Principal Address
Sl Mary's Catholic Church, 279 High Road, London N2 8HG.
Charity Registration 12000503. The tharity was registered wrf(h the Charty Commission on 29 Sept 2022.
Governlng Document CIO Foundation
Objects
The relief of financial hardship amongst people in the London Borough of Barnet and the
surrounding area in such ways as the trustees from ts'me to time think fil, in particular,
bul not exclusivety by..
lal providing emergen￿ food, essential toiletries and household rtems to individuals
and families in need andlorfordislribulion by charities orother organisationsworking
lo prevent or relieve poverty and
Ibl such other means, including Ibul not limited tol the provision of support or
signposting to relevant infomialion and other advisory services
Trustggs
The Trustees who served during the period or who were serving al the dale of this
report were..
Oladipo (Dipol Oyewole (Chairl
Helena Pugh
Fr Peter Scott
Helen Doran ITre8surerl
Vicky IVas5ilikil Kydoniefs
Nathy's Mussolo
Kevin Ramsey
Paul Woodward
lappointed 7 June 20221
lappoinled 7 June 20221
lappointed 7 June 20221
(appointed 7 June 20221
lappoinled 9 July 20241
(appointed 9 July 20241
(appointed 9 July 20241
lappoinled 9 July 20241
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
Wesl Malling
Kent, ME19 4JQ
Independent
Examlner
Accura Accountants
Langley House
Park Rd
London N2 8EY

FINCHLEY FOODBANK
TRUSTEES. REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2023
The Iruslees present their annual report and financial statements of Finchley Foodbank I'lhe Charily'l for the
period from inception on 29 September 2022 10 31 December 2023 The referen￿ and administrative infomialion
sel out earlier in this document forms part of the report.
History of the Charity and current status
The foodbank was established in 2013 as part of an ecumenical inrtiatNe involving Sl Mary's RC Church.. other
local churches., various organisations,. and the local community. At that time. it was under the auspices of the
Vveslminsler Roman Catholic Diwese Trusl (WRCDT). On 29 September 2022. the for*Jbank registered with
the Charty Ccxnmission as a Charitable In￿{pOrated Chartty. This report Covers ils first operational period as an
independent charty. The Charity continues to operate from the hall behind St Mary's RC Church which remains
supportive of ils operations.
Activities
The Trustees have complied wth the duty in section 4 of the 2006 Act lo have due regard to guidance on publ
benefit published by the Charity Commission. During the period the Charity carried out the following actiwties to
benefit the local ¢ommunity'.
The Charity supports those experiencing f¢xMJ poverty in the London Borough of Barnel.
Clients are interviewed when registering with the Charty In order lo ascertain their needs. They are
required lo provide a letterlbilvstalemenl, dated not more than three months from registration d81e.
Showing their name and addre55. Clients musl live in the London Borough of Bamel.
The foodbank is open to clients on Tuesdays and Saturdays all year round.
Clients are invited into the parish hall where they can choose approximately three days of emergency
food, essential toiletries and household items from two stocked storerooms. Restrictions are in place on
the number of ￿emS that can be selected according lo household size. Clients are also offered fresh fruit
and vegetables as well as bread.
In addition lo providing emergency food, the Charty has partnered wrth slalulory and other agencies and
offers'signposting. lo direct clients to the appropriate agencies and resources lo assist with their longer-
term needs.
During the period lo 31 December 2023, the Charty had two part-time members of staff. (See also note 3
on page 14.1
Achievements and perfomiance
Operational changes
Over the past 15 months, the foodbank has undergone significant operational changes. Under the leadership of
the Foodbank Manager, Anna Maughan, who has also volunteered with the Charty for over a decade, an
operational plan lo help Ih05e experiencing food povety in the borough has been developed. Wrth strong
support from the management team and dedicated volunteers. Anna has successfully transformed the food
bank's operations.
Starting in October 2022, after th￿e months of meticulous planning. the new system was implemented where
clients no longer wail outside the parish hall for pre-prepared bags of emergency food. Instead. we now
welcome clients into the foodbank hall and lo two adjoining 'shops'4onverted storerooms where they can
choose the rtems they need from well-stocked shelves. While Ihere are restrictions in pla￿ on the type and
number of items to choose from, based on household size, this more dignified approach has been very well
received. Additionally, we no longer need to purchase plastic bags as clients bring their own reusable bags.

FINCHLEY FOODBANK
TRUSTEES, REPORT {CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
Client support $eNlces
Opening up the parish hall has allowed us to establish our client support servi￿. Through working with local
sijpport agencies, clients are empower￿ lo find ways lo improve their economic circumstsnces, so they are not
so dependent on the foodbank. We are delighted lo be in a position to offer clien15 advice on a range of issues on
an individual, face-to-face basis, in addition lo supporting them with emergency food.
In December 2023, we partnered with Citizens Advice Bamel ICABI. Funded by the Charity, an advisor attends
the parish hall al the open sessions on Tuesdays and Saturdays. The advisor provides specialist advice and
support lo clients on a range of issues. including advice on debt, benefits, housing and employment.
The service slopped in June 2024 but CAB hope lo be in a position to ￿SuMe the service later in the year. Local
voluntsry organisalions such as BOOST, Wesl London Works. Age UK. Green Dcctors, elc., visit the foodbank
regularfy lo provide advice on the cost-of-living support, employment, and training opportunities.
Since De￿mber 2023 8 digital champion volunteer has been attending open sessions to help clients gel online
so that they can apply for Servi￿5, sel up email aecounls, search for ernploymenl and slay conneded. We have
distributed over 120 free Vodafone SIM cards, loaded with 20140GB of data plus free calls and texts for up lo six
months.
Our volunteers wrfte a monthly newsletter, which is distributed to clients during open sessions and is also
available on our website, https'.It*Thrn.finchleyfoodbank.org.uk. The newsletter features a monthly topie and
provides advice on where lo find help and support.
2024 Survey
In February 2024, we conducted another survey of our clients. During the survey period from 6th to 19W February
2024, 337 elienls (representing approximatety 960 people) visvced the foodbank. Here are some highlights of the
Survey. The full version is available on our website. h1tps'.lfv￿.finchleyrO0dbank.org.Uk.
Hovsehold type by week visited
250
244 236
200
137
150
92
loo
06 08
41
58
50
Single adult only
Sin91• wilh
ehildlren
m￿[11P1* tsdulls Qhly Adulls tsnd <hild}Mn
To*41
No. •F hovifholds Vl¥ltfjd 61h & lthh F•b
No. •f hovseholds visited OTr 13th & 171h Feb
Numb•r of hpuléhplds ihot viwtsd both wwk¥
Of the households who visited during the survey period, the largest type was adult5 with children, followed by
aduh only households. The smallest household type was single adults with children.

FINCHLEY FOODBANK
TRUSTEES. REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
Ethnic group Yo12022 n= 118; 2024 n-1371
70
57
5a.B
50
40
30
17.6
19.2
20
14.6
10.1
6.65
9A
Whit•
Black
Mulliple ethnic
#rovp$
oihev
Pr•f•r nvl t• 14y
$lot•d
20221%) ll 20241%) * 2021 Census LB BaTn•t (%}
The survey found that..
just under half148.9YD} of those who ￿SpOnded were while, lower than in our 2022 survey and the
percentsge of the while population living in Barnel.
alrnosl double the percentsge of respondents were black in both 2022114.30AI and 2024115.3Yol compared
with the Bafnel figure17.9Qknl.
the percentage of Asian p￿pIe114.8ofil responding in 2024 was lower than in 2022117.60kl and the Barnet
figure119.20AI.
Hovseholds claiming benefits % In-1391
28.8
03.3
Y•$ w No i Not ivre
Not sluled
Two thirds of those who responded {88 clientslhousehold membersl were claiming benefits.

FINCHLEY FOODBANK
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DEGEMBER 2023
Numberof households supported
During the fifteen-month period to 31 December 2023. we had 13,124 household visi(s to the foodbank. From
March 202110 February 2024, the weekly average number of households being supported has increased from
105 to 248, representing around 710 indThiiduals, including approximately 240 children. This is a huge increase in
the number of people supported and has implications for how the foodbank operates going forward.
Average number of household visits per week
203
213
149
105
iio
119
Mur- Jun 2021
Jul -De< 2021
JaTr-JuD 2022
Jvl-Dg¢ 2023
Jon -Jun 2023
Jtsl.Dèc 2023
01101124
17102124
In December 2023 we distributed 350 winter wami premium packs lo clients.
Food and essential items donations
During the fifteen-monlh period. we distributed £130k worth of non-perishable food and essential items,
generously provided by Food Bank Aid la charity which supports 32 food banks across north London and
Hertfordshirel and £20k in lolal from Aldi". Sainsburys.. Tesco.. Groundwork,. individuals., schoD15,' street collections
and local faith organisalions. We are fortijnale to receive fresh bread and bakes each Monday and Friday evening
from local bakeries such as Gails, Dunn's," Parkway Palisserie," as well as Wailrose. Purchases of fresh fruit and
vegetables are supplemented by donations from Bamel Food Hub, St Mary's RC Church and East Finchley
allotments. We are immensely grateful for all the support we have received. With over 64Q/o of food donations
coming from Food Bank Aid, our operations would not be possible wilhoul their continued support.
Volunteèrs
We have over 185 regular volunteers, including young people on the Duke of Edinburgh's Award, who give up
their time on Mondays. Tuesdays. Fridays and Saturdays. Over the 15-month period volunteers have given
15,000 hours. Without thè compassion and dedication of our volunteers, the Charity could not have risen lo the
enormous challenge of 5UPPOrting so many individuals experiencing food poverty.
Govemance
The trustees are supported by the Management Group IMGI by providing operational expertise, implementing
strategic plans, managing finances, identifying and mitigating risks, leading fundraising efforts. supporting
governance processes, communicating Wlth slakeholder5, developing policies, managing human resour¢es. and
monitoring and evaluating the Charity's work. Meetings are held Month￿ in person, with additional meetings
conducted online as needed. In July 2024, following a successful campaign, we recruited four more Iruslees and
o more MG rnembers, thus enabling truSt￿S lo continue lo focus on long-term strategic planning and policy-
making and lo provide independent oversight. None of the trustees re￿iVeS remuneration or other benefit from
their work wrth the Charity.

FINCHLEY FOODBANK
TRUSTEES. REPORT {CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
Risk Managernent
The Iruslees recognise the importance of effective risk management to ensure the stability and sustainabilty of
the Charity. To this end, we maintain a comprehensive risk register. This register identifies the key risks facing the
Charity, including financial, operational, and strategic risks, and outlines the measures we have put in place lo
m(tigale these risks. Over the next reporting period, the most significant risk5 we face, with the highest impact, are
insufficient volunteers and inadequate funding. Our risk register is regularly reviewed and updated by the trustees
and MG lo ensure th81 rt remains current and reflects any new risks or changes in our operating environment.
Flnaneial Review
The financial position for the period ending 31 December 2023 is a surplus of £50.8k. The Charity benefrts greatly
from the 5UPPOrt of individuals1£111.7kl,' grant51£11.8kl,' faith organisalions1£7.4kl,' charities and organisalions
1£4.9kl. Martin's schix)11£3.1 kl., proceeds from sales of honey donated by a I￿31 residenl1£3.5kl', East Finchley
Open Artisls1£1.5kl', the Charity's own fijnd raising activities1£1.3k}', hol water bottle fundraiser1£1.2kl', cycle ride
fundraiser I£0.8kl,' Oscarfs books fundraiser I£0.3kl,' gfft aid1£4.3kl and investment income {£2.7kl.
Non-financial donations ()f food and other items lolalled £1 $3.7k.
Summary posltlon for the 15-month perlod
Income
Ex
enditure
Sur
lus
308,194
-257,419
Total expenditure was £257.4k. Food, loilelries and other essential items (including a value for donated food and
ilemsl was over 78Qkn of total expenditure. The remainder of expenditure was on salaries,. operating costs,. rent.,
and funding a Citrzen's Advice Bamel advisor.
Reserves pollcy
The Trustees reviewed the Charity's reserves, considering financial risks, and determined that reserves should
cover six months of running costs, including food, essential items, training. IT, and advisory expenses. As much
of the food is donated and safeguarding training is provided free, the reseNes policy is based on total costs
should these rtems need lo be purchased. Wrth the closure of Barnel Food Hub in September 2024, food costs
are expected lo rise.
Unrestricted costs for the six months lo December 2023 were £58.8k", purchasing 650/0 of donated items is
estimated at £39k'. and a partnership with Cilyzens Advice Barnet ICABI adds £16 4k to support costs. This
brings the target reserves to £114.2k. slightly undei the Current ￿serveS of £114.5k, which includes £63.7k
relating to the period before the Charty's independence. The Trustees consider il prudent lo maintain higher
reserves due lo a forecast deficit of £5k per month, with reserves forecast to fall to £81k by January 2025.
Fundraising efforts have resumed to ensure a sustainable reserve balan￿.
The Iruslees eonsider that the Charity is a going cOn￿M for the foreseeable future.

FINCHLEY FOODBANK
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
Finally, on behalf of the Iruslees, I would like to thank everyone who has contributed lo the running of FinchSey
Foodbank. Whether as a member of the Management Group,. assisting the Foodbank Manager,. volunteering.,
donating food and money, your efforts have been invaluable. We a￿ ever grateful to Fr Peter and lo the Di0￿Se
for their continued support of Finchley Foodbank. Wrthoul all of you we would not have been able lo support
13,124 visits to Finchley Foodbank over the 15-month period.
The trustees, report was approved by the Iruslees.
Dipo Oyewole
Dipo Oyewole
Chalr of Trustees
8 September 2024

FINCHLEY FOODBANK
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FINCHLEY FOODBANK
Independent examinerfs report to the trustees of Finchley Foodbank
I report to the charity Iruslees on my examination of the accounts of Finchley Foodbank Ilhe Trust) fof the period
29 September 2022 to 31 December 2023.
Responsibilities and basis of report
As the charity Iruslees of the Trust, you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 1'lh8 Act'l.
l ￿pOrt in respect of my examination of the Trust's accounts carried out under Sedion 145 of the Act and in
carrying out my examination I have followed all applicable Directions given by the Charity Commission under
Section 14515llbl of the Act.
Independent examiner's statemènt
sin￿ your charrty's gross income exceeded £250,000 your examiner must be a member ol a listed body. I can
confirm that l am qualrfied to undertake the examination because l am a member of the Institute of Chartered
Accountants in England and Wales, which is one of the listed bodies
I have completed my examination I confirm that no material matters have come to my 2ttenlion in connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Trust as required by Section 130 of the Act", or
2. the aceounls do not accord wrth those records.. or
3. the accounts do not comply wl£h the applicable requirements concerning the form and content of accounts sel
out in the Charities (Accoullls and Reports) Regulations 2008 other than any fequiremenl Ihal the accounts
give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have Come across no other mallers in connection with the examination lo which
allenlion should be drawn in this rèport in order lo enable a proper understanding of the awounls to be reached
G Chalet
The Inslilule ol Chartered Accounlanls in England and Wales
Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY
Date
9 Septetnber 2024
io

FINCHLEY FOODBANK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD 29 SEPTEMBER 2022 TO 31 DECEMBER 2023
Unrestricted
ftJnd5
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
305,540
Investment income
2,654
Total
308,194
EXPENDITURE ON
Charitable activities
257,419
NET INCOME
50.775
RECONCILIATION OF FUNDS
Totsl funds brought forward
Prior year ￿justMent
63,728
TOTAL FUNDS CARRIED FORWARD
114,503
The notes fom part of these financial statements
li

FINCHLEY FOODBANK
BALANCE SHEET
AS A T31 DECEMBER 2023
Unrestricted
funds
Notes
CURRENT ASSETS
Stocks
3,230
Cash at bank
116,073
TOTAL CURRENT ASSETS
119,303
Creditors.. Amounts falling due within one year
4,800
NET CURRENT ASSETS
114.503
TOTAL ASSETS LESS CURRENT UABILITIES
114,503
FUNDS
Unrestricted funds
114.503
TOTAL FUNDS
114.503
The financial statements were approved by the Trustees and authorised for issue on 8 Septemebr 2024
Dipo Oyewole
Dipo Oyewole
Chair of Trustees
Helen Doran
Treasurer
The notes fomi part of these financial slalemenls
12

FINCHLEY FOODBANK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 SEPTEMBER 2022 TO 31 DECEMBER 2023
1 ACCOUNTING POLICIES
Basls of preparlng the flnancial statements
The financial stslements of the Charity, which is a public benefrt entty under FRS 102, have been prepared
in accordance with the Charities SORP IFRS 102}'Ac¢ounting and Reporting by Charities". Slalemenl of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.,
Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of
Ireland, and the Charities Act 2011. The financial slalemenls have been prepared under the historical cost
convention.
Income
All income is recognised in the Slalemenl of Financial Activicie5 once the Charity has enlillemenl to the
funds, il is probable that the income will be r￿1Ved and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expendrture as soon as there is a legal or conslrudive obligation committing
the Charity lo that expenditure, il 15 probable that a transfer of economic benefils will be required in
settlement and the amount of the obligation can be measured reliabty. 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 direcily attributed lo particular headings, they have been allocated lo activities on a
basis consistent with the use of resources.
Stocks
Stocks are valued al the sower of cost and nel realisable value, after making due allowan￿ for obsolete
and slow-moving items.
Taxation
The Charity is exempt from lax on its charitable aclivilEs.
Fund accountlng
Unreslricled funds can be used in accordance with the charitable objectives al the discretion of the
Iruslees. Restricted funds can only be used for particular restricted purposes within the objects of the
Charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted
purposes. Further explanation of the natu￿ and purpose of each fund is included in the notes lo the
financial statements.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include Cash in hand, deposits held al rall with
banks, other short-lerm liquid investments with original maturities of three months or less. and bank
overdrafts. The Charity does not have a bank overdraft facility.
13

FINCHLEY FOODBANK
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE PERIOD 29 SEPTEMBER 2022 TO 31 DECEMBER 2023
2 ANALYSIS OF INCOME
Unrestricted funds
Period ending
31 Dec 2023
Donations in money
Donated goods received
Gift Aid
De
osit account interest
Total
147,538
153,70L7
4.3D2
2.654
308,194
3 CHARITABLE ACTIVITIES EXPENDITURE
Unrestricted funds
Period ending
31 Dec 2023
Bank charges
Citizens Advi￿ Bamel advisor
Donated goods distributed
Food and toiletries
General administrative expenses
Hol water bottles
Independent examinerfs fee
Insurance
Licence to occupy the hall
Phone costs
Printing and stationery
Waste bin
Winter wami
Total
60
3.693
150,470
52.548
875
1,200
1,800
158
8,000
109
572
703
5,973
226 161
acks
Staff costs
Unrastricted funds
Period ending
31 Dec 2023
Wages and salaries Inumber of staff.. 21
Social securi
costs
Total
31,258
TOTAL CHARITABLE ACTIVITIES EXPENDITURE
257419
Finchley Foodbank is not an employer. The Foodbank Manager who was employed for the full
accounting period is employed by Weslminsler RC Diocese Trust IWRCDTI. Salary costs a￿ invoiced
lo the Charity on a monthly basis. The Foodbank Assistant Commen￿ working on 11 April 2023 and
is employed by Churchill Knight Umbrella Ltd. Salary Costs are invoiced lo the Charity on a monthly
basis. Finchley Foodbank is extremely grateful to WRCDT and Churchill Knight Umbrella Ltd for
providing these services wilhoul any service fee.
14

FINCHLEY FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD 29 SEPTEMBER 2022 TO 31 DECEMBER 2023
4 PRIOR YEARADJUSTMENT
Prior year adjustment of £63,727.87 is net reserves in¢ludod in the Charity's reserves relating to the period
before the Charty became independent of Westminster RC DI0￿Se Trust IVVRCDTI.
S STOCKS
st￿ks
£3,230
The estimated value of stock is based on one week's Supp￿ of non-perishable goods.
6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals
£4,800
7 MOVEMENT IN FUNDS
Prior
Net
Year
movement
adjustmgnt In funds
At
31.12.2023
Unrestrfcted funds
General fund
TOTAL FUNDS
50.775
114503
114503
Net movement in funds, included in the above a￿ as follows..
Incoming
resources
Resources
expgnded
Movement
In funds
Unrestricted funds
General fund
TOTAL FUNDS
308,194
308,194
257,419
257419
50,775
8 TRUSTEES. REMUNERATION AND BENEFITS
There were no Iruslees. remuneration or other beneff(s for the period ended 31 De￿mber 2023.
Trustoes. expenses
The￿ were no trustees. expenses paid for the period ended 31 December 2023.
9 RELATED PARTY DISCLOSURES
For nearty 10 years, from February 2013 to September 2022, the foodbank operated free of charge
in the hall belonging lo St Mary's RC Church. During the 15-month accounting period, £8,000 was
payable lo St Mary's RC Church to cover ulilty and other running costs. In February 2024, the
Charity entered into a Licence to Occupy agreement with WRCDT for a fee of £773.50 per month,
effective from September 2023. Fr. Peter Scott, 8 trustee and parish priest al St Mary's, is employed
by WRCDT bul recused himself from negotiations on the li￿nce fee and does not personally benefit
from any payment5.
15