Tewkesbury fl Foodbank Together with Trussell Tewkesbury Foodbank Charity No. 1205793 Trustees, Annual Report & Statement of Financial Activity for the period 17 November 2023 to 31 March 2025 Trustees Marion Badham Sandra Ditchburn Stephen Prior Carolyn Seaton Andrew Simpkins Michael Waldron Elizabeth Walker th 13 October 2025 Poge l tsf 16
Contents Introduction. Charitable Objects... Note on the 'Old' and 'New' Charities.......................-..-.... Overview (Executive 5ummaryl.................-.. Activlties & Achievements............. Outputs & Outcomes...-. The Roles & Contrlbutions of Volunteers. Performance Indlcators............................... Looking Ahead.... Flnanclal Review Financial Position................................... Details of Any Funds Materially in Deficit...... Policy on Reserves.. Description of the Principal Risks Faclng the Charity...................... Remuneration of Trustees................ Reference and Admlnlstration Detalls............. Charity Name & Re8lStfation..........-.. Charlty's Principal Address........ Names of the Trustees Who Manage the Charlty.............. Name of Prolect Manager........................... Bankers... Independent Examiner......................... Strvcture, Governance & Management. Type ofGoverning Document... Statutory Declaration. Trustee Selectlon Methods Trustee Development...... 6 Statement of Flnancial Activitles ....... Independent Examiners Report . Statement of Financial Activitie5......................-.. Balance sheet. Notes to the flnancial statements- year ended 31 March 2025.. .10 .10 ,io .10 .10 .10 .10 .10 .10 .11 .11 .11 .12 .12 .13 .15 .16 Ptsge 2 of 16
l. Introduction 1.1 Charitable Objects Our governlng document states l. To provide emergencyfood aid to people in Tewkesbury ond surrounding areas in need, hardship or distress (beneficiaries) who are referred to U5 by authorised portner ogencies. 2: Further to fl) above, to supply goods to beneficiaries, eithei.directly or through agency portners upproved by the trustees. Goods to include (but not to be limited to)food, including tinned ond dried[oods, to ensure a heulthy, balanced nutritious diet5ufficientfor 3 days at o time, also clothes. furniture, toys. 3. To do any other thing consistent with the primary purpose of the chority, including (but not limited to), the provisAOrt of coun5elling ond other advisory services. The trustees confirm that they have referred to the Charity Commi55ion's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. 1.2 Note on the 'Old' and 'New' Charities th A new constitution for this charity was approved by the Charity Commission on 17 November 2023 and approval for the Transfer of Assets IS1051 was received from the Charity Commission dated 18, March 2024. The new constitution makes the charity a Charitable Incorporated Organisation ICIOI but serving the same purposes. This change was considered necessary given the increased scale and costs of the Foodbank's operations plus the need to employ staff and potentially acquire premises. The new charity, registration number 1205793, commenced operation on I" April 2024. Both charities have the name Tewkesbury Foodbank. The year 2024125 wa5 a period of dual running of the old and new Bank Accounts to address such issues as gift aid claims and funds transfers and outstanding HMRC refunds. The separate accounts and annual reports for the two charities therefore each give an incomplete picture of the year and need to be read in conjunction with each other. For the sake of clarity, the combined financial outcome for the year for both the old and new charity was.. New11205793) £110,991.73 1-80¥,1 E104,586.95 1-85%) Old11151000) £27,787.93 1-20%) £189790.06 1-15°AI Total £138,779.66 £123,377.01 Income Expenditure Note that these figures include a restricted Trussell grant of £41,746.80 to cover the cost of a Citizen's Advice worker. The first five months of the grant1£17,421.151 was spent in the 2024125 financial year. Excluding the remaining balance on this grant the outturn for the year across both charities was a deficit of 2,018.50. Page 3of 16
The total cash fund of £219,858.97 was transferred from the old charity along with all Fixtures and Fitting5 and Food Stock. The majority of the funds continue to be held in a new portfolio of interest- bearlng notice accounts managed through CAF via their Flagstone Platform which ensures that the Financial Services Compensation Scheme IFSCSI protects our funds. 1.3 Overview (Executive Summary) Tewkesbury Foodbank serves the community of Tewkesbury Borough which ha5 a growing population approaching 100,000. In the last 10 years the Foodbank has been able to meet all requests for support through the generous help of the local community, churches, businesses and voluntary associations and the local borough and county councils. In the financial year 202412025 Tewkesbury Foodbank fulfilled 1581 food vouchers which helped to feed 3223 people of which 1081 were children. Overall, this was a 5% uplift compared to 2023124. This provision was made possible by the Foodbank receiving food donations valued at £41,998. In addition, cash donations and grants enabled us to make purchases of food amounting to £19,382, and to supply clients with vouchers for fresh vegetables and meat at a cost of £33,719. We proviaed additional vouchers as part of our Christmas blessings initiative which amounted to £9,850 which are included in the figures above. We also supplied fuel vouchers largely funded by the Fuelbank Foundation from their funds. The total cash expenditure on meeting client needs was £63,298. This continued the shift in the 'business model, of the Foodbank where increasingly we are more reliant on cash donations and grants than gifts of food. The Foodbank Centre is operated by its team of dedicated volunteers who run the Centre five mornings a week, and manage the warehouse, food purchasing, collection and distribution activities. The Foodbank employs, on a part-time basis, a project manager and deputy project manager to manage the service to clients and our large team of volunteer5. The total costs of running the Centre and warehouse, including utility bills, and vehicles was £23,867. The Foodbank is grateful for the local individuals, businesses and churches who provided regular and ad hoc donations on which we claim Gift Aid when appropriate. In addition, in 2024 the Foodbank received a £3,000 grant from Gloucestershire County Council in response to the cost-of- living crisis. Total income for the charity was £65,231 plus a 'Financial Inclusion, grant of £41,746 from Trussell to fund a Citizens Advice worker for twelve months lonly five months of which was paid out in the 2024/25 financial year at a cost of £17,421). Total income was £110,991.73. If we exclude the balance of the Financial Inclusion grant to be carried forward into 2025126, the net position for the year wa5 a deficit of £2018.50 which was funded from reserves. Page 4 of 16
- Activities & Achievements 2.1 Outputs & Outcomes The main focus of our activities is providing three days, worth of food (nine meals) for those in food crisis for whatever reason. Our clients may be assessed through independent partner or referral agencies who refer them to us via a voucher system. These agencies include doctorfs surgeries, schools, and other local charities. In the last year, the Foodbank has transitioned to providing the majority of vouchers through an in-house service but using the same criteria as applied by our referral agency partners with regard to client eligibility. Almost all vouchers are now received via the Trussell's electronic referral system (E-vouchersl which has reduced the need to handle paper vouchers. The electronic system also gives us a real time overview of the number of vouchers that have been issued which helps US to react to the expected footfall. We continue to operate on a "Collection Only" rather than a "Delivery Only" or hybrid model as our catchment area is quite local and many clients are within walking distance. We can sometimes deliver parcels to those who have mobility or health issues. In the last year we have seen a further increase in the level of demand. The number of food vouchers fulfilled rose from 1532 in 202312024 to 1582 in'202412025, a 3.3% increase. In the last four years, however, the number of vouchers has grown by 182%, a disturbing increase and not out of line with other foodbanks around the country. The ndmber of people helped rose from 3365 to 3441 of which approximately one-third were children under 16. In practical terms the Foodbank provided 30,000 meals in 2024125. Half of our clients151Uhl were single people which 15 at least in part due to the benefits system treating such people less well than households with children. Over 65s are a Small proportion of clients16°Al but the fastest growing age segment. 80A of clients were homeless or NFA (No Fixed Abodel. Our own figures indicate that food poverty is not going away any time soon. We have a very cost-effective arrangement for the bulk purchasing of food with Iceland International and we also take the opportunity of 'special deals, with other local suppliers. In addition to providing a suitable food parcel to each client and their family, food voucher5 enable our clients to obtain fresh food at a local greengrocers and butchers. We also supply gas and electricity top UP5 to help with fuel bills. The vouchers provide important additional help to clients in difficult circumstances. We also provide a limited range of toiletries such as soap/handwash, shampoo, shower gel, deodorant, toothbrushes, toothpaste, washing up liquid and soap powder. We continued with our Christmas blessings initiative which is now embedded as part of our annual plan. Every household received Aldi gift cards las they exclude alcohol, tobacco and lottery tickets). We chose these cards because of the value for money. In total 151 families1241 adults and 300 children) were recipients of this initiative. The total cost of purchased food, fresh food, energy vouchers, Aldi Gift cards and other essentials was £63,298 which significantly exceeded the value of food donated of £41,988. We received a grant of £3,000 from Gloucestershire County Co(Ancil during the financial year. This grant was specifically for Food purchases. Poge 5 of 16
When clients visit to collect parcels and vouchers, we have always looked for opportunities to discuss their circumstances and where appropriate to signpost them to other agencies that may offer assistance. However, we have lacked the staff and skills to give more in-depth advice and so we investigated how we may provide greater assistance by working with the Trussell's Financial Inclusion project. This resulted in the Trust making us an initial two-year grant to employ a full time Citizen's Advice Worker to provide help to clients on issues such as benefits, debt, and housing. This service started in January 2025. It is too early to give a detailed assessment of this new service but there have been some promising conversations with clients that have resulted in material improvement in their financial position and hence a reduced need for the Foodbank. 2.2 The Roles & Contributions of Volunteers In the last year we have relied on our volunteer team of around 45 members to operate the Foodbank. There are 5 teams of 3 or 4 volunteers who each run the Foodbank one mornlng a week. Each team has a team leader. A team of volunteers work at the warehouse, collecting and sorting food and transferring stock from the warehouse to the Centre. The Project Manager is in overall charge of operatlons supported by a Steering Group of the team leaders and the Treasurer. With the increasing scale of our oper3tions, and the need to cover initiatives like the introduction of the Citizen's Advice worker, we appointed a part-time paid Deputy Project Manager in July 2024 to help in managing the overall workload and particularly the operation of the daily teams. This has proved beneficial to the operation of the Centre and to the service to clients. We are grateful to all our volunteers for their ongoing commitment to the Foodbank and the compassion that Is shown to our clients. The combination of time, energy and expertise has enabled us to meet the needs of our increasing number of clients. 2.3 Performance Indicators The Foodbank's essential performance target is to provide food to every client who comes to the Foodbank, and we continued to achieve this in 2024125. We provided 3,441 food parce15 sufficient for 30,000 meals. We have gone beyond this core objective by also providing fresh food and fuel vouchers and supplementary provisions such as through the Chrlstmas blessings initiative. The Foodbank aims to provide 'emergency food, not long-term support. We therefore monitor the number of visits made by each client. In 2024125 the average number of visits by clients was three, which is in line with our aim. We do, however, support clients whose particular circumstances mean they need to make more visits over a longer period, for example due to serious health problems. A key target in the light of food inflation has been to carefully manage our food purchases. In the last year or so we have managed to reduce the cost per kilogram of purchased food from around £2.40 to just under £2.00 by a bulk purchaslng agreement. The Foodbank set itself a target ratio of 40Yo/60% in terms of running costs to client expenditure, not including food that is donated, and this was achieved in 2024125. Ptsge 6of 16
2.4 Looking Ahead The Foodbank has seen the number of vouchers fulfilled almost double over the last four years. At the same time there has been a levelling off in the value of food donations which has been in part offset by an increase in cash donations and grants. It is difficult to predict how demand may change over the next two to three years but there is no clear evidence to indicate that food poverty in the UK will reduce during this period and may indeed affect yet more people. Our current projection is that the Foodbank will continue to run at a modest deficit during this period, but this can be covered by our reserves. The Foodbank maintains a 'forward plan, of activities. This identifies various one-off and ongoing actions to sustain the service provided to clients such a5- al Monthly tracking of client demand in terms of vouchers proce55ed and stock levels in order to identify trends and manage the financial implications. bl Ongoing recruitment and tralning of volunteers in order to maintain a high quality of service. cl Developing our social media to reach out to current and potential donors. dl Embedding the new Financial Inclusion service provided with CAB to help client5 access further means of support. We have successfully implemented the new charity as a Charitable Incorporated Organisation ICIO), but we need to wind-up the old charity once all payroll matters are transferred and all possible donors have had their standing orders amended, We continue to keep aware of possible alternative properties coming onto the local market that would provide larger suitable accommodation for the Foodbank. 3. Financial Review 3.1 Financial Position On 31" March 2025 we held cash funds of £226,263.75, and Food stock of 4,767kg. Our total income for this financial period was £69244.93. Total expenses were £87,166, which was under our anticipated budget. These figures exclude the restricted Financial Inclusion grant of £41,746 of which £17,421 had been paid to Citizens Advice by the end of the financial year. The Foodbank 15 grateful for the Support from Gloucestershire County Council this year. However, Brants from the Household Support Fund which are made on a one-year basis and of variable amounts present a challenge to us and other charities in managing finances on a consistent basis. The majority of our cash funds are held in a portfolio of notice accounts managed through CAF via their Flagstone Platform. This ensures that our funds are protected by the Financial Services Compensation Scheme IFSCSI. The accounts are regularly monitored to benefit from changes in interest rates. 3.2 Details of Any Funds Materially in Deficit The Charity has no funds which are materially in deficit. Ptsge 7 of 16
3.3 Policy on Reserves A review of our reserves policy is carried out each year. The Reserves Policy addresses the uncertainties in our financial planning, notably.. The future number of voucher5 and beneficiaries - the number of vouchers fulfilled increased by 46°A in 2022123, a further 21¥0 in 2023124, and over 3% in 2024125. Future demand on the Foodbank remains challenging to estimate. There has been significant volatility in the level of financial donations in the last 3 years, particularly non-recurring grants. The Financial Inclusion grant is only for two years. If the Foodbank continues the service beyond that period, it will need additional funds in excess of £40,000 per annum. There are significant questions at the present time on the direction of Government welfare policy and how this will impact the number living in poverty. The budget for the 2025/26 year show5 a potential deficit of around £26,000 which will need to be covered from reserves. It is reasonable to expect that deficits will need to be covered for at least the next two to three years even while efforts are made to raise additional funds. The Reserves Policy is set out under the following headings.. l. Cash Flow This covers mismatches in timing between the income and expenditure and provides for 4 months expenditure on the Centre's overheads and its 'baseline' figure for purchases. 2. Contingencies Contingencies address specific risks in the risk register which could potentially seriously impact the Foodbank's operations. Notable risks include flooding or fire damaging the Centre and/or the warehouse, and increased rental costs. 3. Commltments - The Trustees have set aside funds to ensure we could sustain the Financial Inclusion project beyond the initial two-year grant period. We have provided an additional 2 years of funding to the value of £80,000 recognising that it will take time to build up new sources of funds to support this initiative long-term. 4. Conservation The conservation figlsre includes a provision for projected annual budget deficits. We expect to run deficits of around £25,000 in each of the next three years while we seek to raise additional funds. The conservation figure also includes what is left over in the current reserves once we have allocated funds to cover deficits and the above three categories. The Trustees have therefore set the following totals for the Reserves policy for 202512026.. Cash flow £35,000 Contingencies £15,000 Commitments £80.000 Conservation (budget deficitsl £75,000 Total £205,000 Current unrestricted cash funds £212,000 Conservation IBalancel £7,000 Page 8 of 16
Given the uncertainty rega rding both future income and expenditure we believe this is a reasonable allocation of our reserves and ensures we can maintain services over the next 3 years. The level of reserves will be reviewed on a regular basis by the Trustees to ensure that the funds are appropriate to fulfil our continuing financial obligations. 3.4 Description of the Principal Risks Facing the Charity The Charity maintains a Risk Register which identifies the risks to which the Charity is exposed, and the actions proposed to eliminate or mitigate those risks. It is compiled in the light of the guidance provided by the Charity Commission's document 'CC26- Charities and Risk ManaL7ement'. The Risk Register is reviewed on a Minimum quarterly basis and reported at Trustees meetings. Trustees or staff are allocated responsibility for specific risks. The current Risk Register identifies risks under the following headings: Governance - The major risk in the year was the transition to the new CIO charity from 1st April 2024. The transition has been achieved without major issues although there have been delays in transitioning the payroll arrangements with HMRC and in getting donors to change their standing orders from the old charity. The Trustees manage a strategic or forward plan to address the overall governance and direction of the charity in the light of identified risks. Operations - the major risks are around maintaining the required number and skills of volunteers, ensuring adequate food stocks, and optimi5ing the value for money of food purchases. There is a risk around the ongoing rental availability of the Centre premises as well as it5 vulnerability to flooding although the latter can in part be mitigated by insurance. Financial- the volatility in income and potential additional expenditures have been identified above underthe Reserves Policy. Careful management ofthe budget and makingappropriate re-forecasts is a key mitigation task. The shifting balance from food to cash donations by the Foodbank's supporters has an impact on linances with the need to plan for increased purchases of food. Client relationships the Charity is committed to providing a good experience for clients. We work to ensure that all clients are treated with respect and that food parcels are appropriate to their needs. External risks these are risks beyond the Charity's direct control but can have a major impact on the Foodbank, such as changes in government welfare policy, inflation, or another pandemic. These risks require the Charity to provide for agility and resilience in its operations and finances. Compliance- the Charity must continue to meet its Compliance obligations in terms of filing returns and ensuring it meets other legal and regulatory requirements such as safeguarding and health and safety. These risks are being addressed by appointing a trustee to have specific oversight of each area of compliance and good practice. 3.5 Remuneration of Trustees All Trustee5 act in a voluntary capacity and receive no remuneration or other material benefits from their services to the Charity. Out-of-pocket expenses necessarlly and reasonably incurred by Trustees in promoting the purposes of the Charity are reimbursed. Puge9of 16
- Reference and Administration Details 4.1 Charity Name & Registration Charity No: 1205793 Charity Name.. Tewkesbury Foodbank Registered with HM Revenue & Customs 4.2 Charity's Principal Address 76 Church Street, Tewkesbury, Gloucestershire GL20 5RX e-mail: info@tewkesbury.foodbank.org.uk webslte: www. tewkesbury.foodbank.org.uk 4.3 Names of the Trustees Who Manage the Charity Name Marion Badham Sandra Ditchburn Stephen Prior Carolyn Seaton Andrew Simpkins Michael Waldron Elizabeth Walker Office Appointed Reslgned 2111012024 Chair 4.4 Name of Project Manager Michael Jones Email ro ectmana er tewkesbu .foodbank.or 4.5 Bankers Lloyds Bank, Swansea Osc, Epona House, Pheonix Way, Sw3nsea, SA7 9HG CAF Bank, 25 Kings Hill Avenue. Kings Hill, West Malling, Kent ME19 4JQ 4.6 Independent Examiner Mrs. Melanie Kisby 66 Church Street, Tewkesbury GL20 5RZ Structure, Governance & Management 5.1 Type of Governing Document th Charitable Incorporated Organisation dated 17 November 2023 Poge Ioof 16
5.2 Statutory Declaration The Trustee5 confirm that they have paid due regard to the guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake. 5.3 Trustee Selection Methods There must be at least five charity trustees. In appointing Trustees consideration is given to ensuring that the Trustees have between them the skills and experience necessary to manage the charity effectively and in accordance with charity law. 5.4 Trustee Development There was one new trustee appointed in the last year. Stephen Prior. The current trustees all have relevant experience in the charity sector and come with varied professional backgrounds. Approved by the Trustees and signed on their behalf, Signature Name Andrew Simpkins Helen Hill Position Chair Treasurer Date 2025 13.p.202 Ptsge 11 of 16
CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Sectlon A Independent Examiner's Report Report to the trustees Tewkesbury Foodbank On accounts for the yaar endod 31" March 2025 Charlty no (If any) 1205793 Set out on pages 13,Iw, 1S,Ib I report to tho trustees on my examination of the accounts of the above charity (°the Trust") for the year ended As the charity's trustees, you are responsible for th& preparation of the accounts in accordance with the requirements of tho Charities Act 2011 ("the Act"}. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5)Ib) of the Act. Responslhililies and basis of report Indepondent I havè completed my examination. I confirm that no material matters havo examinerfs statsment come to my attention in connection with the examination whiGh gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning Ihe form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement Ihat 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 Gome across no other fflatters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Signad: Date: 202 Name: Relevant professional qualification{sl or body (if any): L. c 13F IF1¥ Iw)sfifuf> I&<1AL Avr¥ 10 Qi ('Lkii IAI Address: IER Oct 2018 Poge 12 of 16
Statement of Fiiiaficial Aciivitièg Prpsrd for TEWI<ES8UIQY FOOOWNK ICIOI.. IY11112023 10 3.11312025 (ADVISORY.. i.,Ide¥Rla pi.ior p8rfodl Unrfjsfrlcled Rg$trlcled 701a'. PriGrTot8 1151000 Iiilei- Charity Transfgr Donations and Legacies 21 g,858.97 219.858.97 . BUSINESS DONATIONS . BUSINESS AD-HOC DONATIONS . BUSINESS REGULAP, DONATIONS . CHARITY & ORGANISATION DONATIOWI S . CHURCH DONATIONS Grft Aid Claimtrd Grants- Non RecLirring G17nis- Recurring BERSONAL DONATIONS . PERSONAL DONATIONS AD-HOC . REGULAR PERSONAL DONATIONS Interest Received And Accrued . Accrued Interest FLAGSTONE Interest Received from Notice A¢cotJnts 9,645.00 190.00 9,680.15 1,824.89 5,b..16.7'1 3,000.00 41,746.80 9,645.00 90.QQ 9,666.ie 1,024.89 5.4'1ti.11 3,000.00 41,746.80 12,771.60 21,941.80 12,771.60 21.941.80 4,013.80 774.97 4013.80 774.97 TL4ts1 income and endowments 330,850.70 330.850.70 FINANCIAL INCLUSION Raising Funds Charitable Activities CLIENT SUPPORT CLIENT ESSENTIALS . ENERGY VOUCHERS . FOOD EXTRAS IWJOOOY, MACE 81 TESCOI . FOOD STOCKX PURCHASE Charity fvlanagement & Adminislralion . CENTRE SUNDRIES . INSURANCE . IT COSTS IHARDVtIARE & SOFTWARE) . OPERATING LEASE & RENTAL COSTS . PRINTING COSIS . STAFF COSTS UTILITIES . ELECTRICITY . TELEPHONE & BROADBAND . WATER . VEHICLE COSTS 17.421.15 17,421.15 113.98 113.98 110.95 110.95 236.94 43,569.00 19.381.51 43.569.00 19,38'1.51 6,516.33 1,041.03 1,166.64 10,141.50 404.43 6,516.33 1.041.03 1,166.64 10,141.50 404.43 383.96 383.96 808.00 1,046.98 222.16 2,022.39 808.00 1,046.98 222.16 2.022.39 rotal expenditure 87,165.80 17A21.15 104,58fj.95 et incomellexpenditurel before investment iainslllossesl et gainsl{losses) on investments et incomellexpendilurel xtraordinary items ransfers between funds 243,684.90 -17,421.15 226,263.75 243,684.90 -17.421.15 226.263.75 41,746.80 41,746.80 Vt7ge JJ oi it
tatement of Financial Activities 'repared for TCWKES8URY FOODBANK ICIOI.. 1711112023 to 311312025 IAOVISORY.. indetettninale prlor period}. Uhrtr6trlcted Re8trl¢tfd Total Prlor fot•l' iainsllossesl on revaluation of fixed assets for harity's own use )ther g2insllosses) let movement in funds 201,938.10 24325.65 226.263.75 rot&l funds brought fonvard rotal funds carried forward 201,938.10 24,325.65 226.263.75 P(rge 14 of 16
TEWKESBURY FOODBANK (CIO) Charity Commlssion for Eiigland and Wales, No. 120S793 Balance Sheet - Detail As at Malch 31, 2025 CUrtAsSes Cash Al aank And In Hand CAF BANK I FLAGSTONE) 169A30.50 CLIENT GIFT CAROS 705.00 Utrent Account CIO 7,517.77 FUELBANIC FOUNDATION 3,859.80 PETTY CASH 65.15 SAVINGS ACCOUNT 30,731.10 SAVINGS ACCOUNT 4 FI GRANT 13.954.43 NetAs5ets 226.263.75 Funcls & R8seivg5 Restricted Funds TRUSSELL TRUST FI GRATrIt 24.325.65 Unreslrfcl8d Oeslgnaled Fun(ts Energy wchers 12.192.10 PREMISES 25.605.00 Unst[lo GenerHI Funds General Fund 139,809.00 KEVIN MACE 12,950.00 WOOOYS FARM SHOP 11.382. Fund8 Piovld9d 226,263.75 Poge 15 of 16
6.4 Notes to the financial statements - year ended 31st March 2025 The accounts (financial statements) have been prepared In accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in line with the Financial Reporting Standard for Smaller Entities IFRSSEI and the Charities st Act 2011 and UK Generally Accepted Practice as it applie5 form l January 2015. Tewkesbury Foodbank holds the following funds for specific purposes. ENERGY Idesignatedl Fuelbank Foundation issue vouchers to our clients who are on prepayment meters on our behalf. For this financial year these vouchers were funded by the Foundation. A total of £7,508.60 was distributed in this Financial Year to our clients in need which included £236.94 credited directly to the suppliers for those not on a pre-payment meter. We hold £12.192.10 in this fund for the next financial year. 1£3,859.80 held by Fuelbank Foundation and £8,332.30 held in our funds ready to top up the Fuelbank fund). WOODY'S Idesignatedl, MACE (designated) We continue to offer vouchers for fruit & vegetables from Woody's. the local farm shop, and with our local butcher, Kevin Mace. Last year's costs were Woody's £24,271, and Mace £13,815. These funds are made up from personal or business donations and the Household Support Grant funds from Tewkesbury Borough Council. The balances of these funds are £11,382 and £12,950, respectively. PREMISES {designatedl We have a designated fund for the ongoing rental of our current premises whlch forms part of our Reserves. We also benefit from the use of a warehouse which is rent free thanks to Cotteswold Dairy, a local company who have supported the charity since it was formed in 2013. This funds now stands at £25,605. ALDI & GREGGS GIFf CARDS ALDI gift cards are purchased at a minimum total value £IOOO and in amounts of £10 for distribution to clients. We distribute these vouchers mainly at Christmas and in exceptional ircumstances. GREGGS vouchers to the value of £5 are purchased for our homeless clients to buy a hot drink and food. This was from a donation from Bookworm la second-hand bookstore who raise money for local good cause5 in Tewkesbury.) The total stock value of these gift cards is £705. We issued a total of £5,460 during this financial year. GLOUCESTERSHIRE COUNTY COUNCIL HOUSEHOLD SUPPORT GRANT We received £3,000 to purchase Food to distribute to clients during October 2024 to March 2025. TRUSSELLGRANT IRestrictedl. A grant awarded for two years to cover the cost a Citizens Advice Employee. There 15 currently £24,325.65 in this fund. Puge 16 OA 16