REGISTERED CHARITY NUMBER: 1201246
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 6 DECMBER 2022 TO 31 DECEMBER 2023
FOR
ST IVES FOOD BANK CIO
Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
ST IVES FOOD BANK CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 6 DECMBER 2022 TO 31 DECEMBER 2023
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 6 |
| Detailed Statement of Financial Activities | 7 |
ST IVES FOOD BANK CIO
REPORT OF THE TRUSTEES FOR THE PERIOD 6 DECMBER 2022 TO 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a Charitable Incorporated Organisation as defined by the Charities Act 2011 (hereinafter called the 'CIO').
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1201246
Principal address 13 Coombe Road Penzance Cornwall TR18 3NP
Trustees
Dr K Judkins (appointed 14/10/2022) Rev Christopher Wallis (appointed 14/10/2022) Pauline Stringer (appointed 14/10/2022) Roger Green (appointed 14/10/2022)
Independent Examiner
Robert Langley CTA ATT Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
Approved by order of the board of trustees on 10 June 2024 and signed on its behalf by:
Rev Christopher Wallis - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST IVES FOOD BANK CIO
Independent examiner's report to the trustees of St Ives Food Bank CIO
I report to the charity trustees on my examination of the accounts of St Ives Food Bank CIO (the Trust) for the period 6 December 2022 to 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention 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
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that 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 matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Robert Langley CTA ATT
Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
10 June 2024
Page 2
ST IVES FOOD BANK CIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD 6 DECMBER 2022 TO 31 DECEMBER 2023
| 2023 | ||
|---|---|---|
| Unrestricted | ||
| fund | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 36,235 | |
| Investment income | 2 | - |
| Other income | - | |
| Total | 36,235 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable activities | 26,089 | |
| NET INCOME | 10,146 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | - | |
| TOTAL FUNDS CARRIED FORWARD | 10,146 |
The notes form part of these financial statements
Page 3
ST IVES FOOD BANK CIO
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023
| 2023 | ||
|---|---|---|
| Unrestricted | ||
| fund | ||
| Notes | £ | |
| FIXED ASSETS | ||
| Tangible assets | 5 | 925 |
| CURRENT ASSETS | ||
| Cash at bank and in hand | 9,521 | |
| CREDITORS | ||
| Amounts falling due within one year | 6 | 300 |
| NET CURRENT ASSETS | 10,146 | |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 10,146 | |
| NET ASSETS | 10,146 | |
| FUNDS | 7 | |
| Unrestricted funds | 10,146 | |
| TOTAL FUNDS | 10,146 |
The financial statements were approved by the Board of Trustees and authorised for issue on 10 June 2024 and were signed on its behalf by:
Rev Christopher Wallis - Trustee
The notes form part of these financial statements
Page 4
ST IVES FOOD BANK CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 6 DECMBER 2022 TO 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery - 10% on reducing balance
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 financial statements.
2. INVESTMENT INCOME
2023 £
Deposit account interest -
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period 6 December 2022 to 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the period 6 December 2022 to 31 December 2023.
continued...
Page 5
ST IVES FOOD BANK CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 DECMBER 2022 TO 31 DECEMBER 2023
5. TANGIBLE FIXED ASSETS
| 5. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Plant and | ||||
| machinery | Totals | |||
| £ | £ | |||
| COST | ||||
| Additions | 1,028 | 1,028 | ||
| DEPRECIATION | ||||
| Charge for year | 103 | 103 | ||
| NET BOOK VALUE | ||||
| At 31 December 2023 | 925 | 925 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
| 2023 | ||||
| £ | ||||
| Other creditors | 300 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 6/12/22 | in funds | 31/12/23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | - | 10,146 | 10,146 | |
| TOTAL FUNDS | - | 10,146 | 10,146 | |
| Net movement in funds, included in the above are as follows: |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the period 6 December 2022 to 31 December 2023.
Page 6
ST IVES FOOD BANK CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 6 DECMBER 2022 TO 31 DECEMBER 2023
| 2023 | |
|---|---|
| £ | |
| INCOME AND ENDOWMENTS | |
| Donations and legacies | |
| Major Donations | 7,500 |
| Personal Donations | 19,142 |
| Client Emergency Utilities Fund | 698 |
| Transfer from St Ives Food Bank prior to CIO status | 8,895 |
| 36,235 | |
| Investment income | |
| Deposit account interest | - |
| Total incoming resources | 36,235 |
| EXPENDITURE | |
| Charitable activities | |
| Expenditure on Food | 22,017 |
| Client Emergency Utilities Fund | 450 |
| Facilities Hire and Utilities | 500 |
| Distribution and Packaging | 1,872 |
| Blanket Bank | 32 |
| Administration costs | 815 |
| Accountancy Fees | 300 |
| Plant and Machinery Depreciation | 103 |
| 26,089 | |
| Total resources expended | 26,089 |
| Net income | 10,146 |
This page does not form part of the statutory financial statements
Page 7