CHARITY REGISTRATION NUMBER.. 1203043 Thornaby Foodbank Unaudited Financial Statements 31 March 2024 Chartered Accounlanls 384 Linlhorpe Road Middlesbrough TS5 6HA Thornaby Foodbank Financial Statements Period ended 31 March 2024 Page Trustees, annual report Independent examiner's report lo the trustees Stalemenl of financial activities Statement of financial position Notes to Ihe financial statements The followlng pages do not form part of Ihe flnanclal statements Detailed statement ol financial activities 11 Notes to the detailed statemenl of financial activities 12 Thornaby Foodbank Trustees. Annual Report Period ended 31 March 2024 The Iruslees presgnl their report and the unaudited financial slalemenls of the charity lor the period ended 31 March 2024. R•lèrèn¢e and admlnlstratlve detall8 Roglsler8d charlty namo Thornaby Foodbank Charlty reglstratlon number 1203043 PrSnclpal offl¢e Thornaby Fo¢Jdbank CIO Thornaby Baptist Church Thornlree Road Thornaby Slocklon-On-Tee8 TS17 8FZ UnSled Klngdom Tho trusteos C Macaulay C Shear8r J D8bourg L Collinson Ichairl MP Rudd Dr J McGinnis IAppoinled 12 May 20231 IAppoinl8d 12 May 20231 IAppoinled 12 May 20231 (Appointed 12 May 20231 (Appointed 12 May 20231 (Appointed 12 May 20231 Indep•ndenl oxamlner Graeme Rlehard 8oagey BA FCA CTA 384 Linthorpe Fload Middlesbrough TS5 6HA Slrueturei govemancfr and managemgnt The Charitable Incorporated Organisallon was e$labll$hed by a conslllulion regis18r8d wth the Charity Commlssion on 12 May 2023. Thornaby Foodbank had been operating a5 an unlncorpciraled enlily, and during January 2023 the Trustees review8d Ihis and decided10 seek incorporallon. This was ellecled through the registration ol a new Charitable Incorporated Oroanisalion ICIOI and the subsequent Iransler ol nel ass&ls from the unincorporated entity lo the CIO on 12 May 2023. The Iruslees manag8 the allairs ol the CIO day-lo-day, exer¢lsing Ihgir powers in good lailh in order lo further the purposes ol the CIO - b9ing primarily the provision ol essential products lo those in need in the local arga. Thornaby Foodbank Trustees. Annual Report (ttontlnu6d? Period ended 31 March 2024 Oblectlves and actlvttie$ The objeel ol the CIO is lo relieve persons in the TS17 area (Thornaby I Inglgby Barwickl, and other emergency referrals from the whole DI the Borough ol Stockton on Tees when other food banks are closed, who are in financial hardship, in such ways as the Iruslees from lime-to-lime think fil. in particular, bul not exclusively by.. Providing emergency food. essential toiletries, and household items to individuals and families in need and l or for distribution by charities or other organisalions working lo prevent or relieve poverty. Such other means, including Ibut not limited tol the provision of support or signposting to other relevant information and advisory services. Achievemonl¥ and performance Thornaby Foodbank has been in existence since 2015. It has operated continuously over the past 9 years, including during the Covid pandemic, providing food parcels weekly lo individLJals in need, and raising money lo support this aclivily. In January 2023 il was decided that the organisalion should apply lo become a Registered Charity., charitable slalus was granted on 12 May 2fi23. The number ol clients has varied over this period, peaking al around 180 per week. Financial revlew The CIO has received £19,379 during the period via donations and grants, which is sullicient lo cover its annual expenditure. The CIO held a bank balance of approximately £13,Q45 at 31 March 2024. Thg Irusletrs, annual report was approved on 2 September 2024 and signed on behalf of the board ol trustees by: L Collinson Ichairl Trustee Thornaby Foodbank Independent Examiner's Report to the Trustees of Thornaby Foodbank Period ended 31 March 2024 I report lo the Iruslees on my examination ol the liriancial slalements ol Thornaby Foodbank I'lhe charity'l lor the period ended 31 March 2024. Responslbllltles and basls of report As the Iruslèes ol the charity you are responsible lor the preparation ol the financial slalernents In accordance with the requirements ol the Charities Act 2011 I'lhe Acl'l. I report in respect ol my gxamination ol Ihg chariws Ilnancial slalgmonts carrfed out under sgction 145 ol the 2011 Act and in carrying out my examination I have followed all thè appllcable Directions giv¢n by the Charity Commission undgr sèction 14515llbl ol the Act. Indopgndent examlnor'$ statom8nt I have completed my examination. I conllrm that no material malters hav8 com8 to my att&nlion In connection with thè examination giving me cause lo b81iev& Ihal in any material r&sp8cI'. accounting record8 Were not kept In respecl ol the charity as required by section 130 01 the Act., or the linanclal slalem8nls do not accord wllh those records.. or the financial $talamenls do not comply with th¢ applScable rgqulramenls concorning the form and conlenl ol accounts sel out in the Chari1195 IAccounls and Report81 Flegulalions 2008 other than any requirement that Ihe accounts givg a 'lru8 and lair, view whlch Is not a matter considered as part ol an Indep8ndenl &xamination. I have no concerns and have com• across no other mallers in connection with the examination to whlch allenlio should be drawn in Ihl8 report in order lo enable a proper underslandlng ol the accounts lo reached. Graeme Richard Bgagty BA FCA CTA Independent Examlner 384 Linlhorpg Road Middlesbrough TS5 6HA Thornaby Foodbank Statement of Financial Activilies Period ended 31 March 2024 2024 Unreslricled funds Total funds Not8 Income and endowments Donations and grants Transfer of nel assets from unincolporaled entity Other income 19,379 15,150 249 19,379 15,150 249 Total income 34,778 34,778 Expendlture Expenditure on charitable activities Totsl expendlture 20,450 20,450 20,450 20,450 Net Income and net movement In funds 14,328 14,328 Reconclllatlon of funds Total funds brought tO￿ard Totsl funds carrled foThYard 14,328 14,328 The statement ol financial activities includes all gains and losses re¢ognised in the year. All income and expenditure derive from continuing activities. The notes on pag•s 6 to 9 form part of th•$• frnanclal $ts18m•nlS. Thornaby Foodbank Statement of Financial Position 31 March 2024 2024 Ntsto Current assets Cash al bank and in hand 14,428 Creditors: amount$ falling due wlthln one year Net current assets 11 100 14,328 Total assets le$$ current Ilabillties 14,328 Net ossets 14,328 Fund$ of the charity Unreslricled funds 14,328 Total charlty tunds 12 14,328 These financial statements were approved by the board ol truslges and aulhorssed lor issue on 2 September 2024. and are signed on behalf ol the board by.. L Collinson Ichairl Trustee Th• noles on pages 6 to 9 lorm part of the$# flnanclal statèm•nts. Thornaby Foodbank Notes to the Financial Statements Period ended 31 March 2024 General inlormatlon The Charity is a registered charity in England and Wales and is registered as a Charitable Incorporated Organisation ICIOI. The address ol the principal office is Thornaby Foodbank, CIO Thornaby Baptist Church, Thornlree Road, Thornaby, Slockton-On-Tees. TS17 8FZ, United Kingdom. Statement ot compllance These financial slalemenls have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic ol Ireland.. the Slalement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Accountlng pollcie¥ Basis ol preparation The financial slalemenls have been prepared on the historical cost basis, as modified by the revaluation ol certain financial assets and liabilities and investment properties Measured at lair value through income or expenditur&. The financial slalemenls are prepared in sterling, which is the lunclional Currency of the entity. Golng concern There are no material uncertainlies al)oul the Charitys ability lo continue. Judgementg and key sources ot estlmallon uncertalnty The preparation ol the financial slalemenls requires management lo make judgements, eslimales and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of lulure events that are believed to be reasonable under the circumstances. Fund accounting Unreslricled funds are available Iof use at the discretion ol the Iruslees to further any ol the charitys purposes. Designated funds are unreslricled funds earmark8d by the trustees IOT particular lulure project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into orse of two sub-classes-. restricted income funds or endowment funds. Incomlng resources All income is included in the slalemenl ol financial activities whon enlitlament has passed lo the charity, it is probable that the economic Oeneliis associaied with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories ol income.. Thornaby Foodbank Notes to the Financial Slatemenls i¢onllnued) Period ended 31 March 2024 Accountlng policle$ {contlnu8dl Incomlng resources (Wnllnu8dJ income from donations or grants is recognised when there is evidence ol entitlement lo the gill, receipt Is Pfobable and ils amount can be measured reliably. legacy incoffle is recognised when receipt is probable and enlillemenl is established. income from donated goods is measured al the lair value ol the goods unless Ihis is impractical lo mgasurè reliably, in which case the value ol the donated goods is deemed lo be nil. No amounts are included lor the contribution ol general volunteers. income from contracts tor the supply ol services is recognised with the delivery ol the contracted service. This is classified as unreslricled lund5 unless there is a conlraclual requirement lor il lo be spent on a particular purpose and returned il unspent, in which case it may be regarded as rostricted. Resources expended Expenditure Is recognised on an a¢cruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings ol the statement of tinancial activities to which it relates.. expenditur8 on raising funds includes the costs ol all fundraising aclivilies. events, non- charitable trading activilies, and the sale ol donated goods. expendrture on charitable activities includes JI costs incurred by a charity in undertaking activities that further its charitable aims lor the benefit ol ils beneficiaries, including those support cosls and costs relating lo the governance ol the charity apportioned to charitable aclivilies. other expenditure includes all expenditure that is ne(cher related lo raising funds lor the charity nor part of its expenditure on charitable activitie$. All costs are allocated lo expenditure categories relleeling the use ol the resource. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apprortioned between the activities they contribute lo on a reasonable, jusliliable and consislenl basis. Flnanclal Instruments A financial asset or a financial liability is recognised only when the entity becomas a party to the conlraclual provisions ol the instrument. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaclion, where it is recognised al the present value ol the lulure payments discounted al a market rale ol interest foT a similar debt instrument. Current assets and current liabilities are subsequently measured al the cash or other consideration expected to be paid or received and not dis¢ounted. Debt instTumenls are subsequently measured at amortised cost. Thornaby Foodbank Notes to the Financial Statements (ContInt￿l) Period ended 31 March 2024 Donatlons and grants Unreslricled Total Funds Funds 2024 Donatlon$ Standing orders Corporate donations Individual donations 885 7,850 4,844 885 7,850 4,844 Grants ASDA supermarket grant Thornaby Council grant Stockton Council grant North-Easl Ladies Day grant 1,4DO 2,400 1,000 1,000 1,400 2,400 1,000 1,000 19,379 19,379 Transfer of net a$$ets from unln¢orporated enllty Unreslricled Total Fund$ Funds 2024 Transfer ol nel assets from unincoTporaled entty 15,150 15,150 On 12 May 2023, the entirety ol the nel assets ol an unineorporaled entity, also operating under the name Thornaby Foodbank, were transferred to the charitable incorporated organisation. Other income Unrestricted Total Funds Funds 2024 Bank compensation received 249 249 Expendltur9 on charitable actlvitles by fund type Unrestricted Total Funds Fund5 2024 Provision ol emergency loodbank seNices Support costs 20,350 100 20.350 100 20,450 20,450 Thornaby Foodbank Notes to Ihe Financial Statemenls {¢ontlnu¢dl Period ended 31 March 2024 Expendlture on charltable actlvltles by actlvlty type Activities undertaken directly Support costs Total lunds 2024 Provlsion ol emergency loodbank 8etvices Governance costs 20,350 20,350 100 20.350 100 20,450 Independent gxamln8tlon fee8 2024 Fees payable lo the ind8p8ndenl èxamSner tor.. Independent examination ol the financial slalemgnls 100 10. Staff cost$ Thornaby Foodbank has no employees, the 0￿ratIon ol the chadly 1$ undertaken directly by the Trustees and volunteers. During the period under rov1ew, no Iruslees ol the chadly r9¢•1Vgd any remuneration. 11. Crodltor¥: amounlg falllng due wlthln one year 2024 Accruals and delerred in¢om8 100 12. An•lysls ol ch•rltable lund• Unreslrlcted fund8 At 31 Mirch 202 Al 1 April 2023 Income Expendllure Ggn8ral funds 34,778 120,4501 14,328 13. Analysls ol not a$$et8 ￿lWOon lunds Unreslriclod Tot•1 Funds Funds 2024 Current assgls Creditors less than 1 yeai 14,428 11001 14,328 14,428 11001 14,328 Thornaby Foodbank Management Informaiion Period ended 31 March 2024 Th8 lollowlng pages do not torm part ol the flnanclal Statomonts. 10 Thornaby Foodbank Detailed Statement of Financial Activitles Period ended 31 March 2024 2024 Income and endowment¥ Donallons and grants Standing orders CorFK)rale donations Individual donalic)ns ASDA supermarkal grant Thornaby Council grant Slocklon Council grant North-Easl Ladies Day grant 885 7.850 4,844 1,400 2,400 1,000 1.000 19,379 Tran$fer ot net A$$ets trom unlncorporatgd enllty Transfer ol ng1 assets from unlneoiporaled ent￿ty 15,150 Oiher Incom8 8ank compen8allon r•ceNed 249 Totsl Incomo 34,778 Expendlluro Expèndlluro on charltabl8 a¢tlvltl•8 Purchasas Donation lor building maintenance Legal and professional lees Other ollice costs 18,336 2,000 100 14 20,450 Tot•1 oxpondlturo 20,450 Net Ineome 14.328 11 Thornaby Foodbank Noles lo the Detailed Statement of Financial Activities Period ended 31 March 2024 2024 Expendlture on charitable acllvilies Provision of emergency foodbank servlces Activities undertaken directly Purchases Donation lor building maintenance Other office costs 18.336 2,000 20,3SO Governance ¢osls A¢counlan¢y lees 100 Expenditure on charltable actlvltles 20,450 12