2023-10-01-accounts - Walker And District Foodbank

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REPORT OF THE TRUESTEE AND FINANCIAL STATEMENTS FOR THE PERIOD 09 NOVEMBER 2022 TO 08 NOVEMBER 2023 FOR WALKER AND DISTRICT FOODBANK

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 08 NOVEMBER 2023

Charity number: 1200946

Walker and District Foodbank: Trustees’ Report and Financial Statements 2023

WALKER AND DISTRICT FOODBANK

TRUSTEES’ REPORT FOR THE YEAR ENDED 08 NOVEMBER 2023

The trustees present their report with the financial statements of the charity for the period 09 November 2022 to 08 November 2023. The trustee has adopted the provisions of the Statement of Recommendation Practice (SORP) Accounting and Reporting by Charities issued in March 2005

Reference and Administrative Details Registered Charity Number: 1200946

Principal Address:

Walker and District Food bank 25 Church Walk Newcastle upon Tyne NE6 3DP

Trustees:

Bright Onoka - Chair Ijeoma Florence Ogah Pastor Victor Onwudili Michael Mcenaney

Independent Examiner:

Julius Olaogun (FCCA)

Rich Brother Accountants Ltd, 222A Camberwell Road, London SE5 0EN

1 Walker and District Foodbank: Trustees’ Report and Financial Statements 2023

TRUSTEES’ REPORT FOR THE YEAR ENDED 08 November 2023

Commencement of Activities

Walker and District began operating early in 2015, though it was not until 09 November 2022 that charity status was granted. By that time Walker and District Foodbank had received a number of donations to alleviate poverty in Newcastle upon Tyne. The total amount of donations that was made to the City of God has now been transfer to Walker and District Foodbank bank account

Structure, Governance and Management

Government Document

The charity is controlled by its governing document, a deed of trust and constitutes charitable organisation.

The aims and purpose of Walker and District is to relief poverty through activities and events recommended and approved by the trustees of the charity which has identified and approved the following as our main aims and purpose:

The prevention or relief of poverty of individuals through effective support.
To build a godly community through identifying people’s social and spiritual needs and facilitating ways to meet those needs.
To actively engage in a continuous collective global community based charitable works to raise good citizens.
To co-operate with the churches or similar bodies for the relief of poverty and for other charitable purposes that are for the benefit of mankind.
To advance education and charitable activities for the benefit of disadvantaged children and young people.

In planning our activities for the year, Walker and District Foodbank have considered the Commission guidance on public benefit and in particular the specific guidance on charities for the advancement of eradicating poverty. For wider public benefit purposes, the Charity in the course of the year has actively engaged in community wide activities that are geared towards promoting and empowering people to live a sustainable life. Amongst them are;

2 Walker and District Foodbank: Trustees’ Report and Financial Statements 2023

Reaching out to the homeless most especially the single homeless and enabling them to have a new start through help with finding privately rented accommodation, training and life skills.
Empowering the unemployed through provision of advice and assistance, counselling, life skills and job-hunting advice, etc.
Enabling the vulnerable in the society through face-to-face surgery in, support, advice, counselling and necessary spiritual guidance.
Facilitating a multi-agency approach in addressing issues affecting the vulnerable in the society through developing a joint working approach with other existing bodies, charities and local support groups.

Walker and District Foodbank: Trustees’ Report and Financial Statements 2023

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 08 November 2023

Achievements During the year

Introduction:

Established in 2015 with the generous support of the City of God Christian Centre, the Walker and District Food Bank has emerged as a beacon of hope in the local community. Our mission, deeply rooted in compassion and guided by a shared vision, revolves around alleviating poverty in the Walker area and its vicinity. Through our unwavering commitment, we extend a helping hand to individuals, families, and organizations grappling with food insecurity.

Mission and Strategic Objectives:

Our mission at the Walker and District Food Bank transcends mere provision of food parcels. We are dedicated to offering comprehensive support to those in crisis, empowering them to overcome challenges and build sustainable livelihoods. Our strategic objectives include:

Immediate Relief: Providing essential food parcels and comprehensive support to individuals and families facing crisis situations.
Long-term Empowerment: Guiding individuals towards sustainable livelihoods, fostering independence and fulfilment.
Setting the Standard: Aspiring to be a beacon of excellence in poverty alleviation, inspiring others to join our mission.
Raising Awareness: Shedding light on the realities of food poverty and its underlying causes and effects to mobilize public support and drive change.
Advocating for Change: Engaging with service providers to influence policies and practices addressing the root causes of food poverty.
Ensuring Effective Governance: Maintaining robust, management, and staffing to ensure the efficient delivery of our objectives.

Impact Amidst Pandemic Challenges:

4 Walker and District Foodbank: Trustees’ Report and Financial Statements 2023

Despite the challenges posed since the pandemic and its aftermath, the Walker and District Food Bank has experienced remarkable growth in it activities. The escalating cost of living has intensified the need for our services, leading to a significant surge in demand. Over the past years, we have witnessed a substantial increase in clients seeking our assistance:

2019-20: +39% increase in need
2020-21: +122%
2021-22: +77%
2022-23: +79%

Detailed Impact for 2022/23:

In the fiscal year 2022/23, we provided food parcels to 4,402 service users. Additionally, our financial inclusion services have recorded tremendous impact:

Number of clients accessing support and advice: 924
Total financial gains for people using the service: £165,850  Number of persons that achieved financial gains: 273  Total amount of debt managed: £78,795.26
Total debt written off: £26,730.99
Number of persons whose debt was managed: 28
Number of persons whose debt was written off: 6  Number of clients prevented from being Homeless: 11

Expanding Offerings:

To better serve our community, we have expanded our offerings to include digital and financial inclusion services, addressing identified needs within our community.

Conclusion:

As we continue our journey, we invite individuals and organizations to join us in making a tangible difference in the lives of those we serve. Together, we can create a community where every individual has the opportunity to thrive. The Walker and District Food Bank remains steadfast in its commitment to tackling poverty and fostering hope in the hearts of those in need.

Walker and District Foodbank: Trustees’ Report and Financial Statements 2023

THE TRUSTEES’ REPORT FOR THE YEAR ENDED 08 NOVEMBER 2023

The trustees present their annual report together with the unaudited financial statements of the charity for the year ended 8[th] November 2023. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005.

REVIEW OF FINANCIAL POSITION

The financial statements covered the operation of Walker and District Foodbank and they have been prepared in accordance with the requirements of the 2005 Statement of Recommended Practice (SORP)

For the year ended 08 November 2023, the financial activities show total incoming donations of £69, 894 which is the total donations received. This was engaged mainly on charitable activities to alleviate suffering and poverty and total expenditure amounted to £72,135. We closed the year with a net deficit of £3,041.

STATEMENT OF TRUSTEE’S RESPONSIBILITIES

The trustees are responsible for preparing the Trustee’s report and the financial statements in accordance with applicable law.

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently.
Observe the methods and principle in the Charity SORP;
Make judgments and estimates that are reasonable and prudent.

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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity, hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 08 November 2023

This report was approved by the Trustees on 12[th] March 2024 and signed on their behalf.

Summary of the issues raised and adopted:

…………………………………. ……….……………………………….

Bright Onoka

Victor C Onwudili

7 Walker and District Foodbank: Trustees’ Report and Financial Statements 2023

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED FINANCIAL STATEMENT WALKER AND DISTRICT FOODBANK

We report on the financial statements for the year ended 8[th] November 2023 which are set out in the financial report below. This report is made solely to the Charity’s Trustees, as a body.

Respective responsibilities of trustees and examiner

As explained more fully in the Trustees’ responsibilities statement, the Trustees are responsible for the preparation of the financial statements.

The charity’s trustee consider that an audit is not required for these financial statements (under section43 (2) of the Charity Commission (under section 43(7) (b) of the Act), and to state whether particular matters have come to our attention.

Basis of Independent examiner’s report

Our examination was carried out in accordance with Charity SORP. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit hence the report is limited to those matters set out in the statement below.

Independent examiner’s statement

During our examination, no matter has come to our attention: which indicates that:

Adequate accounting records have not been kept.
The financial statements are not in agreement with the accounting records.
We have not received all the information and explanations require for our audit.

8 Walker and District Foodbank: Trustees’ Report and Financial Statements 2023

Julius Olaogun (FCCA)

For and on behalf of

RICHBROTHER ACCOUNTANTS LTD CHARTERED ACCOUNTANTS AND TAX CONSULTANTS 222A Camberwell Road LONDON, SE5

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 08 NOVEMBER 2023

RECEIPTS Donation Collections other than giving Income Tax Gift Aid PAYMENTS Charity activities share other payment (Note 2b) Excess of Receipts over payments Net Capital Movement		Unrestricted funds £ 69,894 -	Designated funds £ - - -	Restricted funds £ - - -	Endowment Total funds 2023 £ £ £ - 69,894 - - - -
		69,894			69,894
		72,935			72'935
		72,935			72,935
		-3,041			-3,041
		-3,041			-3,041

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STATEMENT OF ASSETS AND LIABILITIES AS AT08 NOVEMBER2023

STATEMENT OF ASSETS AND LIABILITIES

Unrestricte d funds £	Restricted funds £	Endowmen t Total funds 2023 £ £
14,210	-	14,210
- -	- -	- - - -
	-	-

-	-	- - -
	-	- - -
1,896	-	- - 1,896

16,106	-	- 16,106

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 08 NOVEMBER 2023

Receipts and payments analysis of the charity activities

Receipts

Donation received Payments groceries Salaries Citizen Advice Transport and Sundries bank Charge Telephone Training Accountng fees Crusade			Unrestricte d funds £	Designate d funds £	Restricted Total funds 2023 £ £
			69,894		69,894
			39,863 24,659 6,000 22 67 106 1140 800 278		39,863 24,659 6,000 - 22 67 106 1140 800 278
			72,935

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72,935 -3,041

Net loss

-3,041

Particular of employees:

The average number of employees during the year calculated on the basis of full time is 3 for the year. No employee received emolument of more than £60,000 during the period.

This report was approved by the Trustees on 12[th] March 2024 and signed on their behalf by:

…………………………………. ………………………....................

Bright Onoka Victor C Onwudili

Walker and District Foodbank: Trustees’ Report and Financial Statements 2023